Peab AB (publ) (PEAB-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Peab AB (publ) stock SEK 117, price SEK 93.05, upside +26.0%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range kr 36.40 – kr 104.04 · fair‑value band kr 84.51 – kr 146.59 · the kr 93.05 price screens below the kr 117.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Peab AB (publ) operates as a construction and civil engineering company in Sweden, Norway, Finland, Denmark, and internationally. It operates through Construction, Civil Engineering, Industry, and Project Development segments.
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The Construction segment constructs houses, and public and commercial properties; and provides renovation, extension, and construction maintenance services.
The Civil Engineering segment builds and maintains infrastructure, such as roads, railroads, bridges, and ports as well as pedestrian and bicycle paths.
This segment also undertakes landscaping and pipelining, foundation work, and various types of construction; operates and maintains national and municipal highways and street networks, as well as tends parks and outdoor property; and operates water and wastewater networks.
The Industry segment offers products and services for construction and civil engineering projects. It provides mineral aggregates, concrete and paving products, and temporary electricity to prefabricated concrete elements and frame assembly.
This segment also rents cranes and machines; distributes binders to the concrete industry; provides transportation services; and recycles excavated soil.
The Project Development segment acquires, develops, and divests residential, commercial, and public properties; and develops housing, such as tenant-owner, condominium, and rental apartment buildings, as well as single home.
Peab AB (publ) was incorporated in 1955 and is headquartered in Förslöv, Sweden.
Stock analysis
Peab AB (publ) (PEAB-B) currently trades at kr 93.05, while our model-based Fair Value estimate is kr 117.27, implying the stock looks roughly 20.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 147.07 per share, and 16 of the 23 models we run sit above the kr 93.05 price.
Bear case: the Asset-Based group reads lowest at kr 13.81, and 7 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 84.51 (bear) to kr 146.59 (bull), the price of kr 93.05 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 62/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Peab AB (publ) reported revenue of 58.6B SEK in FY2025 versus 58.9B SEK in FY2021, a compound −0.1%/yr. Reported net income was 1.4B SEK in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 26.0B SEK (≈ $2.6B) Mid · P/E ratio 13.7 · P/S ratio 0.43 · EPS (TTM) kr 7.27 · Dividend yield 3.5% · Net margin 3.5% · Return on equity 13.3% · Return on assets (EBIT) 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 26%, PEAB-B screens cheaper than that median.
Fair Value models
Bearkr 84.51Fair Value kr 117.27Bullkr 146.59
Price kr 93.05 · Upside +26.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 3.19 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.4%
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.
−1.8%
Revenue growth 5 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.
−0.4%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 23 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.
+4.8%
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What shareholders gained per year (last 5 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 5 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.
−6.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.9%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.9% vs 3.2%, slowing
Profit margin 2020 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.7% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as 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).
+1.4%
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.
+4.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −0.6% a year for the price and +2.8% for the forecasts.
AI conclusion: The business draws a limited moat from scale and ownership alignment, yet this is offset by weak margins and low innovation in a competitive construction sector.
Main risk: Cyclical project bidding pressures represent the biggest risk to the business and would hit margins through intensified competitive pressure.
Peab builds on its own workforce and local operations across the Nordics rather than heavy reliance on subcontractors. This setup supports consistent project delivery even as material costs and demand shift. Our models see it as undervalued. Does the approach mainly protect margins in uncertain times or limit the pace of expansion when orders surge?
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 · 787 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+26.0% · Above median
Profitability
Return on equity (12 months)13.3% · Above median
Return on assets3.1% · Above median
Net margin (12 months)3.5% · Below median
Operating margin (12 months)5.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)9.9% · Above median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity0.36× · Above 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). "Peab AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/PEAB-B
Frequently asked questions
Is Peab AB (publ) (PEAB-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 117.27 versus a price of kr 93.05, about +26% upside (undervalued).
What is the fair value of PEAB-B?
Our model-based fair value for Peab AB (publ) is kr 117.27 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 93.05.
What is the quality score of PEAB-B?
Peab AB (publ) has a Quality Score of 62/100. 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 Peab AB (publ) (PEAB-B)?
Our model-based price target is the fair value of kr 117.27 (as of Oct 13, 2026) from 23 valuation models. Cautious scenario kr 84.51, optimistic scenario kr 146.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Peab AB (publ) stock forecast for 2026?
Our models put fair value at kr 117.27, about +26% upside versus a price of kr 93.05 (undervalued). Cautious scenario kr 84.51, optimistic scenario kr 146.59. The calculation is refreshed regularly with new filings.
What is the revenue of Peab AB (publ) (PEAB-B)?
Peab AB (publ) reported trailing-twelve-month revenue of about 60.1B SEK (latest available figure, as of Oct 13, 2026).
Does Peab AB (publ) pay a dividend?
Peab AB (publ) currently shows a dividend yield of 3.55% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Peab AB (publ) (PEAB-B)?
For today's price to be fair in a discounted-cash-flow model, Peab AB (publ) would have to grow free cash flow by +1.4 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.4 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of PEAB-B use?
Our models discount Peab AB (publ) at 10.3 %: a base by market capitalisation (mid), damped by beta 1.32, 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 Peab AB (publ) that is +1.4 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Peab AB (publ) (PEAB-B) delivered so far?
Over the past 5 years revenue at Peab AB (publ) grew -0.4 % a year. The price currently implies +1.4 % 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 Peab AB (publ) (PEAB-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Peab AB (publ) (+1.4 % 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 Peab AB (publ) (PEAB-B)?
The free-cash-flow yield on the price is 11.12 %: that much free cash flow Peab AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Peab AB (publ) (PEAB-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Peab AB (publ) it is kr 117.27 per share (as of Oct 13, 2026), against a price of kr 93.05. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Peab AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, PEAB-B trades below its calculated fair value: price kr 93.05, fair value kr 117.27, a gap of about +26% (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 PEAB-B?
No. The price is what the market pays today (kr 93.05); the fair value is what the company's own numbers justify (kr 117.27). For Peab AB (publ) the two are kr 24.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Peab AB (publ) worth?
The market values Peab AB (publ) at about 26.0B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 93.05; our models calculate a fair value of kr 117.27 per share.
What do the bullish and bearish scenarios say about PEAB-B?
Our models span a range for Peab AB (publ): cautious scenario kr 84.51, base kr 117.27, optimistic kr 146.59 per share (as of Oct 13, 2026, price kr 93.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PEAB-B?
Peab AB (publ) trades at a price-to-earnings ratio of 13.7 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 117.27 is built from several models across several years. Other multiples: PEG 4.1, P/B 1.6, P/S 0.4, EV/EBITDA 7.7.
What is the PEG ratio of PEAB-B?
The PEG ratio of Peab AB (publ) is 4.06 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Peab AB (publ) (PEAB-B)?
Balance-sheet figures for Peab AB (publ) (as of Oct 13, 2026): return on equity 13.3%, debt of 0.36 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is PEAB-B from its 52-week high?
Peab AB (publ) trades at kr 93.05, about 11% below its 52-week high of kr 104.04 and 29% above the low of kr 72.15 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 117.27 is for.
Which stocks are comparable to Peab AB (publ)?
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 Peab AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 93.05, calculated fair value kr 117.27 (+26%), Quality Score 62/100, from 23 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 PEAB-B calculated?
We run Peab AB (publ) through 23 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 117.27, 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 13.9 % above its aggregate fair value. Peab AB (publ) currently trades 21 % 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 Peab AB (publ) (PEAB-B)?
The closing price on Oct 19, 2026 was kr 93.05. Our model-based fair value is kr 117.27, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Peab AB (publ) right now?
Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Peab AB (publ) (PEAB-B) come from?
Earnings per share at Peab AB (publ) grew +5.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.7 %, EBIT margin +2.3 %, tax rate −0.5 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Peab AB (publ)
How large is the market capitalisation of Peab AB (publ) (PEAB-B)?
The market capitalisation of Peab AB (publ) is 26.0B SEK (≈ $2.6B). 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 Peab AB (publ) (PEAB-B)?
The price-to-sales ratio of Peab AB (publ) is 0.43 (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 Peab AB (publ) (PEAB-B)?
Earnings per share at Peab AB (publ) are kr 7.27 (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Peab AB (publ) (PEAB-B)?
The dividend yield of Peab AB (publ) is 3.5% (payout 45.4%). 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 Peab AB (publ) (PEAB-B)?
The net margin of Peab AB (publ) is 3.5% (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 Peab AB (publ) (PEAB-B)?
The return on equity (ROE) of Peab AB (publ) 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 Peab AB (publ) (PEAB-B)?
On an EBIT basis the return on assets of Peab AB (publ) is 5.6% (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 Peab AB (publ) (PEAB-B)?
The operating margin of Peab AB (publ) is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Peab AB (publ) (PEAB-B)?
Revenue at Peab AB (publ) is growing +9.9% versus a year earlier (3y avg −1.8%). 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 Peab AB (publ) (PEAB-B)?
Earnings per share at Peab AB (publ) are growing +737% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Peab AB (publ) (PEAB-B) carry?
The net debt of Peab AB (publ) is 8.5B SEK (fiscal year 2025, ≈ 2.9 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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Broad data
Oct 13, 2026