NIBE Industrier AB (NIBEB) Fair Value & Analysis

Industrials · CH · Market cap CHF 6.0B

A solid business, but screening 35% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (CHF 2.81). The favourable scenario is already priced in.
• Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (CHF 1.32 to CHF 2.81) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range CHF 2.23 – CHF 32.69 · fair‑value band CHF 1.32 – CHF 2.81 · the CHF 3.43 price screens above the CHF 2.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

NIBE Industrier AB (NIBEB) currently trades at CHF 3.43, while our model-based Fair Value estimate is CHF 2.24, implying the stock looks roughly 34.6% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Revenue grew 7.7% year over year. It earns a return on equity of 16.3%. Net debt stands at CHF 14.9B. The stock trades on a trailing P/E of 7.0. Fundamentals as of Jul 17, 2026

Our scenario range runs from CHF 1.32 (bear case) to CHF 2.81 (bull case); at CHF 3.43, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -35%, NIBEB screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (CHF 30.72) versus Dividend Discount (CHF 5.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countries, rest of Europe, North America, Australia, Asia, and internationally.

Full company description

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countries, rest of Europe, North America, Australia, Asia, and internationally. The company operates through three business areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves. The NIBE Climate Solutions business area offers indoor climate comfort products, such as heat pumps, ventilation products and air conditioning, climate control systems, water heaters and accumulator tanks, district heating products, solar panels, domestic boilers, commercial washing machines, and tumble dryers for homes, apartment blocks, and commercial properties. The NIBE Element business area provides various components and solutions for heating and control, which include tubular, aluminum, foil, thick film, PTC, high-power, and ceramic elements, as well as open spirals and tapes, heating cables and jackets, vacuum brazings, heat pump technology, resistors, heat exchangers, temperature sensors, flexible hoses, and control equipment to domestic and household appliances; heating, ventilation, and air conditioning; commercial products and professional kitchens; energy; transport; advanced technology; medicine; and aviation sectors, as well as industrial projects sectors. The NIBE Stoves business area provides free-standing, wood-burning, gas, and electric stoves; wood-burning inserts; heat-retaining products; and chimney systems, as well as accessories. NIBE Industrier AB (publ) was founded in 1949 and is headquartered in Markaryd, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NIBE Industrier AB reported revenue of CHF 40.8B in FY2025 versus CHF 30.8B in FY2021, a compound +7.3%/yr. Reported net income was CHF 2.3B in FY2025, compounding −9.0%/yr from FY2021.

NIBEB screens 35% overvalued. Compare with SPG Co →

Values & ESG

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Machinery, Tools, Heavy Vehicles, Trains & Ships stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Explore undervalued stocks

More undervalued Industrials stocks →

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.