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Lightning Group (LIGR) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Lightning Group stock SEK 0.97, price SEK 1.01, that is 4.0% below the price, quality 37 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology SE

LG Lightning Group logo Thin data Nov 10, 2026

Lightning Group

LIGR · ST
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Revenue last quarter +60% vs. a year ago.
Fair value kr 0.9700 · Fairly valued
Expensive Growth (revenue 3y +11.3 %/yr in SEK)
Quality 37/100
Loss-making · -5.3% net margin (TTM)
Negative free cash flow
Trails peers (4/11)
Narrow moat 13/100 · thin data
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 5.96 kr 0.4840 Fair Value kr 0.9700 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 0.4840 – kr 5.96 · fair‑value band kr 0.7300 – kr 1.21 · the kr 1.01 price screens above the kr 0.9700 fair value. As of Nov 10, 2026.

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Company profile

Lightning Group AB, together with its subsidiaries, develops, designs, and sells lighting control solutions for large and wireless projects in Sweden. The company also provides luminaires, such as spots, downlights, and heavy industrial luminaires.

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It serves retail, warehousing and logistics, industry, manufacturing, and infrastructure sectors. The company was incorporated in 1993 and is based in Mölndal, Sweden.

Stock analysis

Lightning Group (LIGR) currently trades at kr 1.01, while our estimate is kr 0.9700, so the stock looks roughly fairly valued today (gap 4.1%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 0.7300 (bear) to kr 1.21 (bull), the price of kr 1.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Lightning Group reported revenue of 63.5M SEK in FY2025 versus 46.1M SEK in FY2022, a compound +11.3%/yr. Reported net income was −4.9M SEK in FY2025.

Key figures

Market cap 58.0M SEK (≈ $5.8M) Micro · P/S ratio 0.76 · EPS (TTM) kr −0.0900 · Net margin −5.3% · Return on equity −13.3% · Return on assets (EBIT) −6.5% (4-year average) · Operating margin −5.4% · Revenue (TTM) 76.5M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).

What moves the price

The share trades about 28% below its 52-week high and 109% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −4%, LIGR screens cheaper than that median.

Fair Value

Bear kr 0.7300 Fair Value kr 0.9700 Bull kr 1.21
Price kr 1.01 · Downside -4.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 32
How much profit the company makes from its sales and capital
Quality Growth 79
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 51
Debt, balance sheet and risk of trouble
Investment 21
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 91
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 76
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.2% (2022) → −5.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Components · 690 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −4.0% · Above median
Profitability
Return on assets −7.6% · Bottom 25%
Net margin (12 months) −5.3% · Bottom 25%
Operating margin (12 months) −5.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 59.5% · Top 25%
Balance sheet
Debt / equity 0.38× · Highest 25%

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/B 1.94× · Cheaper than median
P/S (12 months) 0.76× · Cheapest 25%
EV/EBITDA 97.1× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)28 · sector 0
FUTURE (revenue growth)100 · sector 71
PAST (return on equity)0 · sector 26
HEALTH (low debt)81 · sector 95
DIVIDEND (yield)0 · sector 24

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hon Hai Precision Industry Co 2317 242.00 TWD 292.29 TWD +21% vs LIGR
TE Connectivity plc TEL $219.41 $224.30 +2% vs LIGR
Asia Vital Components Co 3017 3,040 TWD 2,737 TWD −10% vs LIGR
Amphenol Corporation APH $79.31 $70.91 −11% vs LIGR
Shengyi Technology Co 600183 ¥76.88 ¥66.42 −14% vs LIGR
Nan Ya Plastics Corporation 1303 313.00 TWD 243.40 TWD −22% vs LIGR
Delta Electronics, Inc 2308 1,295 TWD 519.57 TWD −60% vs LIGR
Luxshare Precision Industry Co 002475 ¥51.67 ¥18.44 −64% vs LIGR
Corning Incorporated GLW $120.46 $33.72 −72% vs LIGR
Samsung Electro-Mechanics Co 009150 923,000 KRW 171,572 KRW −81% vs LIGR

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Lightning Group: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Lightning Group Fair Value". https://www.fairvalue-calculator.com/stock/LIGR

Frequently asked questions

Is Lightning Group (LIGR) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 0.9700 versus a price of kr 1.01, about 4% lower (fairly valued).
What is the fair value of LIGR?
Our estimate for Lightning Group is kr 0.9700 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 1.01.
What is the quality score of LIGR?
Lightning Group has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lightning Group (LIGR)?
Our calculated price target is the estimate of kr 0.9700 (as of Nov 10, 2026). Cautious scenario kr 0.7300, optimistic scenario kr 1.21. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Lightning Group stock forecast for 2026?
Our estimate puts fair value at kr 0.9700, about 4% lower versus a price of kr 1.01 (fairly valued). Cautious scenario kr 0.7300, optimistic scenario kr 1.21. The calculation is refreshed regularly with new filings.
What is the revenue of Lightning Group (LIGR)?
Lightning Group reported trailing-twelve-month revenue of about 76.5M SEK (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Lightning Group (LIGR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lightning Group it is kr 0.9700 per share (as of Nov 10, 2026), against a price of kr 1.01.
Is Lightning Group stock overvalued or undervalued in 2026?
As of Nov 10, 2026, LIGR trades above its calculated fair value: price kr 1.01, fair value kr 0.9700, a gap of about −4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LIGR?
No. The price is what the market pays today (kr 1.01); the fair value is what the company's own numbers justify (kr 0.9700). For Lightning Group the two are kr 0.0400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lightning Group worth?
The market values Lightning Group at about 58.0M SEK (market capitalisation, as of Nov 10, 2026). Per share that is kr 1.01; our models calculate a fair value of kr 0.9700 per share.
What do the bullish and bearish scenarios say about LIGR?
Our models span a range for Lightning Group: cautious scenario kr 0.7300, base kr 0.9700, optimistic kr 1.21 per share (as of Nov 10, 2026, price kr 1.01). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lightning Group (LIGR)?
Balance-sheet figures for Lightning Group (as of Nov 10, 2026): return on equity −13.3%, debt of 0.38 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is LIGR from its 52-week high?
Lightning Group trades at kr 1.01, about 28% below its 52-week high of kr 1.41 and 109% above the low of kr 0.4840 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.9700 is for.
Which stocks are comparable to Lightning Group?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lightning Group stock attractive at the current price?
The data as of Nov 10, 2026: price kr 1.01, calculated fair value kr 0.9700 (−4%), Quality Score 37/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Lightning Group itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lightning Group (LIGR)?
The closing price on Nov 6, 2026 was kr 1.01. Our estimate is kr 0.9700, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lightning Group right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Lightning Group

How large is the market capitalisation of Lightning Group (LIGR)?
The market capitalisation of Lightning Group is 58.0M SEK (≈ $5.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lightning Group (LIGR)?
The price-to-sales ratio of Lightning Group is 0.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lightning Group (LIGR)?
Earnings per share at Lightning Group are kr −0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lightning Group (LIGR)?
The net margin of Lightning Group is −5.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lightning Group (LIGR)?
The return on equity (ROE) of Lightning Group is −13.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lightning Group (LIGR)?
On an EBIT basis the return on assets of Lightning Group is −6.5% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lightning Group (LIGR)?
The operating margin of Lightning Group is −5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lightning Group (LIGR)?
Revenue at Lightning Group is growing +59.5% versus a year earlier (3y avg +11.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Lightning Group (LIGR) generate?
The free cash flow of Lightning Group is −24.6M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lightning Group (LIGR) carry?
The net debt of Lightning Group is 11.1M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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