NYAB AB (NYAB) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of NYAB AB SEK 13.72, price SEK 7.68, upside +78.7%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 0.3445 – kr 9.85 · fair‑value band kr 7.32 – kr 20.07 · the kr 7.68 price screens below the kr 13.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Nyab AB (publ) engages in the provision of advisory, engineering, project management, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland, Sweden, Norway, and internationally. It also offers land improvement, and maintenance and repair construction project services.
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Nyab AB (publ) engages in the provision of advisory, engineering, project management, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland, Sweden, Norway, and internationally. It also offers land improvement, and maintenance and repair construction project services. Nyab AB (publ) was founded in 1990 and is headquartered in Luleå, Sweden.
Stock analysis
NYAB AB (NYAB) currently trades at kr 7.68, while our model-based Fair Value estimate is kr 13.72, implying the stock looks roughly 44.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 26 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 7.32 (bear) to kr 20.07 (bull), the price of kr 7.68 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 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
NYAB AB reported revenue of €547M in FY2025 versus €41.6M in FY2021, a compound +90.4%/yr. Reported net income was €21.3M in FY2025.
Key figures
Market cap 5.5B SEK (≈ $551M) · P/E ratio 23.3 · P/S ratio 0.91 · EPS (TTM) kr 0.3300 · Dividend yield 0.2% · Net margin 3.9% · Return on equity 11.2% · Return on assets (EBIT) 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 79%, NYAB screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 0.1300 to kr 1.42). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 7.32Fair Value kr 13.72Bull kr 20.07
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.2320 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+58.1%
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.
+29.3%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)0.2%
Profit margin 2021 to 2025 ⓘ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.−2% → 6%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +0.2% a year for the price and +4.8% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Engineering & Construction · 840 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+79% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets6% · Top 25%
Net margin (TTM)4% · Above median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−6% · Below median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NYAB AB Fair Value". https://www.fairvalue-calculator.com/stock/NYAB
Frequently asked questions
Is NYAB AB (NYAB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 13.72 versus a price of kr 7.68, about +79% upside (undervalued).
What is the fair value of NYAB?
Our model-based fair value for NYAB AB is kr 13.72 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 7.68.
What is the quality score of NYAB?
NYAB AB has a Quality Score of 71/100. 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 NYAB AB (NYAB)?
Our model-based price target is the fair value of kr 13.72 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 7.32, optimistic scenario kr 20.07. It is a calculation from audited fundamentals, not an analyst target.
What is the NYAB AB stock forecast for 2026?
Our models put fair value at kr 13.72, about +79% upside versus a price of kr 7.68 (undervalued). Cautious scenario kr 7.32, optimistic scenario kr 20.07. The calculation is refreshed regularly with new filings.
What is the revenue of NYAB AB (NYAB)?
NYAB AB reported trailing-twelve-month revenue of about €540M (latest available figure, as of Sep 24, 2026).
Does NYAB AB pay a dividend?
NYAB AB currently shows a dividend yield of about 0.18% relative to its recent price (as of Sep 24, 2026).
What growth is priced into NYAB AB (NYAB)?
For today's price to be fair in a discounted-cash-flow model, NYAB AB would have to grow free cash flow by +2.3 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +90.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NYAB use?
Our models discount NYAB AB at 11.0 %: a base by market capitalisation (small), country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NYAB AB that is +2.3 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has NYAB AB (NYAB) delivered so far?
Over the past 4 years revenue at NYAB AB grew +90.4 % a year. The price currently implies +2.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NYAB AB (NYAB) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into NYAB AB (+2.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NYAB AB (NYAB)?
The free-cash-flow yield on the price is 8.28 %: that much free cash flow NYAB AB produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NYAB AB (NYAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NYAB AB it is kr 13.72 per share (as of Sep 24, 2026), against a price of kr 7.68. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is NYAB AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NYAB trades below its calculated fair value: price kr 7.68, fair value kr 13.72, a gap of about +79% (undervalued). 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 NYAB?
No. The price is what the market pays today (kr 7.68); the fair value is what the company's own numbers justify (kr 13.72). For NYAB AB the two are kr 6.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is NYAB AB worth?
The market values NYAB AB at about 5.5B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 7.68; our models calculate a fair value of kr 13.72 per share.
What do the bullish and bearish scenarios say about NYAB?
Our models span a range for NYAB AB: cautious scenario kr 7.32, base kr 13.72, optimistic kr 20.07 per share (as of Sep 24, 2026, price kr 7.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NYAB?
NYAB AB trades at a price-to-earnings ratio of 23.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 13.72 is built from several models across several years. Other multiples: P/B 2.6, P/S 1.0, EV/EBITDA 15.0.
How solid is the balance sheet of NYAB AB (NYAB)?
Balance-sheet figures for NYAB AB (as of Sep 24, 2026): return on equity 11.2%, debt of 0.02 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is NYAB from its 52-week high?
NYAB AB trades at kr 7.68, at its 52-week high of kr 7.68 and 37% above the low of kr 5.60 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 13.72 is for.
Which stocks are comparable to NYAB AB?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 NYAB AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 7.68, calculated fair value kr 13.72 (+79%), Quality Score 71/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NYAB calculated?
We run NYAB AB through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 13.72, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. NYAB AB currently trades 79 % below its own fair value, and the market average says nothing about that. 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 NYAB AB (NYAB)?
The closing price on Sep 24, 2026 was kr 7.68. Our model-based fair value is kr 13.72, about +79% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NYAB AB right now?
The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (kr 7.32 to kr 20.07). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of NYAB AB
How large is the market capitalisation of NYAB AB (NYAB)?
The market capitalisation of NYAB AB is 5.5B SEK (≈ $551M). 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 NYAB AB (NYAB)?
The price-to-sales ratio of NYAB AB is 0.91 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NYAB AB (NYAB)?
Earnings per share at NYAB AB are kr 0.3300 (price ÷ EPS = P/E 23.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NYAB AB (NYAB)?
The dividend yield of NYAB AB is 0.2% (payout 4.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NYAB AB (NYAB)?
The net margin of NYAB AB is 3.9% (fiscal year 2025). 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 NYAB AB (NYAB)?
The return on equity (ROE) of NYAB AB is 11.2% (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 NYAB AB (NYAB)?
On an EBIT basis the return on assets of NYAB AB is 6.3% (avg 5y). 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 NYAB AB (NYAB)?
The operating margin of NYAB AB is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NYAB AB (NYAB)?
Revenue at NYAB AB is growing −6.2% versus a year earlier (3y avg +29.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NYAB AB (NYAB)?
Earnings per share at NYAB AB are growing +0.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NYAB AB (NYAB) carry?
The net debt of NYAB AB is €3.7M (fiscal year 2022, ≈ 0.1 yrs of FCF). 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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