PION Group (PION-B) Fair Value & Analysis
Industrials · SE · Market cap 261M SEK (≈ $27.3M) · ISIN SE0000567539
What is PION Group really worth?
A solid business, trading 26% below our fair value of kr 8.54.
Risks
Fair value as of: Aug 13, 2026
From 2 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from kr 6.62 to kr 8.54 (+29.0%) since Jul 11, 2026. Share price +2.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range kr 4.73 – kr 17.97 · fair‑value band kr 6.19 – kr 10.90 · the kr 6.30 price screens below the kr 8.54 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
PION Group (PION-B) currently trades at kr 6.30, while our model-based Fair Value estimate is kr 8.54, implying the stock looks roughly 26.2% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Over the trailing twelve months, PION Group generated revenue of 1.4B SEK at a net margin of 0.7%. Revenue declined 0.2% year over year. It earns a return on equity of 7.1%. Net debt stands at 32.2M SEK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 6.19 (bear case) to kr 10.90 (bull case); at kr 6.30, the current price sits within 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 4% below 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 22% fair-value upside, at 36%, PION-B screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.1087 per share, which is 1.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 2 models by family
Widest divergence: Multiples (kr 9.63) versus Asset-Based (kr 2.36). Highest evidence: EV/EBITDA (64).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 59
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
PION Group AB (publ) operates as a staffing and recruitment company in Sweden, Finland, and Norway. The company operates through three segments: QRIOS, Poolia, and Uniflex. The company provides executive search, interim management, HR-Tech on- and offboarding, and recruiting services, as well as consulting, IT, tech and strategy, and other services.
Full company description
PION Group AB (publ) operates as a staffing and recruitment company in Sweden, Finland, and Norway. The company operates through three segments: QRIOS, Poolia, and Uniflex. The company provides executive search, interim management, HR-Tech on- and offboarding, and recruiting services, as well as consulting, IT, tech and strategy, and other services. It provides its services under the QRIOS, Workspace Recruit, Poolia, Dreamwork, Roi Rekrytering, Lisberg Executive Search, Uniflex, Whippy, and Student Node brands. The company was formerly known as Poolia AB (publ) and changed its name to PION Group AB (publ) in September 2022. PION Group AB (publ) was founded in 1989 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PION Group reported revenue of 1.4B SEK in FY2025 versus 1.9B SEK in FY2021, a compound −7.2%/yr. Reported net income was −300K SEK in FY2025.
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Peer Group
Staffing & Employment Services · 80 stocks
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.
Valuation Multiples vs Staffing & Employment Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adecco Group ADEN | CHF 24.06 | CHF 24.15 | +0% |
| Korn Ferry, KFY | $83.30 | $114.56 | +38% |
| Robert Half Inc RHI | $43.55 | $20.51 | −53% |
| TriNet Group TNET | $69.61 | $97.07 | +39% |
| ManpowerGroup Inc MAN | $61.19 | $23.19 | −62% |
| Insperity, Inc NSP | $51.40 | $17.34 | −66% |
| FESCO Group 600861 | ¥13.02 | ¥45.46 | +249% |
| Grupa Pracuj S.A GPP | 53.50 PLN | 65.45 PLN | +22% |
| Barrett Business Services, Inc BBSI | $32.95 | $38.11 | +16% |
| Maharah for Human Resources Company 1831 | 4.68 SAR | 6.87 SAR | +47% |
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