Plejd AB (PLEJD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Plejd AB stock SEK 334, price SEK 833, that is 59.9% below the price, quality 66 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 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. As of Nov 8, 2026.
How to read this chart
60‑month range kr 126.60 – kr 1,140 · fair‑value band kr 200.71 – kr 417.55 · the kr 833.00 price screens above the kr 334.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Plejd AB (publ), a technology company, develops products and services for smart lighting, heating, and window covering in Sweden, Norway, Finland, the Netherlands, Germany, and internationally.
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The company's products include dimmers for LED; 2-channel dimmer with output for two different loads; dimmer 1-10 V for relay breaking or for controlling third-party products; LED driver with built-in dimming function for one or more LED luminaires; 2-channel relay with two relays to break two separate loads; Relay 16A, a relay with 1 or 2-pole breaking; DALI Broadcast for controlling lighting products through a DALI bus; LED-75-V2 driver for 12/24 VDC LED-strips; gateway that enables remote control via internet and integrations; wireless push and rotary buttons; wireless switch module and motion sensor; shutter controller; smart plug on/off with relay switching; thermostat with room sensor; LED panel; downlight tilt and deep; wall and ceiling luminaire; extender; rotary adapters; battery backups; and mounting clips and boxes.
Plejd AB (publ) was incorporated in 2009 and is based in Mölndal, Sweden.
Stock analysis
Plejd AB (PLEJD) currently trades at kr 833.00, while our model-based Fair Value estimate is kr 334.04, 60% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 711.05 per share, and 0 of the 24 models we run sit above the kr 833.00 price.
Bear case: the Economic Profit group reads lowest at kr 223.46, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 200.71 (bear) to kr 417.55 (bull), the price of kr 833.00 sits above 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 66/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Plejd AB reported revenue of 935M SEK in FY2025 versus 326M SEK in FY2021, a compound +30.1%/yr. Reported net income was 180M SEK in FY2025, compounding +44.2%/yr from FY2021.
Key figures
Market cap 10.6B SEK (≈ $1.1B) Small · P/E ratio 37.3 · P/S ratio 9.18 · EPS (TTM) kr 22.32 · Net margin 21.8% · Return on equity 30.6% · Return on assets (EBIT) 15.6% (5-year average) · Operating margin 25.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −60%, PLEJD screens richer than that median.
Fair Value models
Bearkr 200.71Fair Value kr 334.04Bullkr 417.55
Price kr 833.00 · Downside -59.9%
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 19.14 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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+41.1%
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.
+29.5%
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.
+34.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
+39.1%
’19
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+48.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.6%
Dividend (yield on the price)0.0%
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.12% → 25%
2025 sits 179% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+44.0%
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.
+21.8%
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 +41.2% a year for the price and +19.5% for the forecasts.
AI conclusion: High margins and returns offer limited signals of advantage, yet thin evidence across categories and insufficient public signals leave durability unconfirmed.
Main risk: The shift toward commercial projects introduces longer sales cycles that risk slowing underlying demand growth versus the residential business.
Plejd posted strong third-quarter sales growth, yet the value of products actually installed rose only 26 percent globally as wholesaler restocking, especially in Norway, lifted the headline figure. The shift toward commercial projects brings longer sales cycles than the residential business. Our models see the shares as overvalued. Will the new commercial products accelerate underlying demand enough to close the gap, or will reported growth continue to outpace real installations?
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.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−59.9% · Below median
Profitability
Return on equity (12 months)30.6% · Top 25%
Return on assets17.1% · Top 25%
Net margin (12 months)21.8% · Top 25%
Operating margin (12 months)25.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)31.3% · Above median
Valuation Multiplesvs Electrical Equipment & Parts 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). "Plejd AB Fair Value". https://www.fairvalue-calculator.com/stock/PLEJD
Frequently asked questions
Is Plejd AB (PLEJD) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 334.04 versus a price of kr 833.00, about 60% lower (overvalued).
What is the fair value of PLEJD?
Our model-based fair value for Plejd AB is kr 334.04 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 833.00.
What is the quality score of PLEJD?
Plejd AB has a Quality Score of 66/100. 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 Plejd AB (PLEJD)?
Our model-based price target is the fair value of kr 334.04 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario kr 200.71, optimistic scenario kr 417.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Plejd AB stock forecast for 2026?
Our models put fair value at kr 334.04, about 60% lower versus a price of kr 833.00 (overvalued). Cautious scenario kr 200.71, optimistic scenario kr 417.55. The calculation is refreshed regularly with new filings.
What is the revenue of Plejd AB (PLEJD)?
Plejd AB reported trailing-twelve-month revenue of about 1.2B SEK (latest available figure, as of Nov 8, 2026).
What growth is priced into Plejd AB (PLEJD)?
For today's price to be fair in a discounted-cash-flow model, Plejd AB would have to grow free cash flow by +44.0 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +34.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of PLEJD use?
Our models discount Plejd AB at 9.6 %: a base by market capitalisation (small), damped by beta 0.40, 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 Plejd AB that is +44.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Plejd AB (PLEJD) delivered so far?
Over the past 5 years revenue at Plejd AB grew +34.9 % a year. The price currently implies free-cash-flow growth of +44.0 % per 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 Plejd AB (PLEJD) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Plejd AB (+44.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Plejd AB (PLEJD)?
The free-cash-flow yield on the price is 0.85 %: that much free cash flow Plejd AB produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Plejd AB (PLEJD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Plejd AB it is kr 334.04 per share (as of Nov 8, 2026), against a price of kr 833.00. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Plejd AB stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PLEJD trades above its calculated fair value: price kr 833.00, fair value kr 334.04, a gap of about −60% (overvalued). 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 PLEJD?
No. The price is what the market pays today (kr 833.00); the fair value is what the company's own numbers justify (kr 334.04). For Plejd AB the two are kr 498.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is Plejd AB worth?
The market values Plejd AB at about 10.6B SEK (market capitalisation, as of Nov 8, 2026). Per share that is kr 833.00; our models calculate a fair value of kr 334.04 per share.
What do the bullish and bearish scenarios say about PLEJD?
Our models span a range for Plejd AB: cautious scenario kr 200.71, base kr 334.04, optimistic kr 417.55 per share (as of Nov 8, 2026, price kr 833.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PLEJD?
Plejd AB trades at a price-to-earnings ratio of 37.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 334.04 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 43.3. Other multiples: P/B 14.6, P/S 9.2, EV/EBITDA 27.7.
How solid is the balance sheet of Plejd AB (PLEJD)?
Balance-sheet figures for Plejd AB (as of Nov 8, 2026): return on equity 30.6%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is PLEJD from its 52-week high?
Plejd AB trades at kr 833.00, about 27% below its 52-week high of kr 1,140 and 20% above the low of kr 692.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 334.04 is for.
Which stocks are comparable to Plejd AB?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Plejd AB stock attractive at the current price?
The data as of Nov 8, 2026: price kr 833.00, calculated fair value kr 334.04 (−60%), Quality Score 66/100, from 24 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 PLEJD calculated?
We run Plejd AB through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 334.04 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Plejd AB 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 Plejd AB (PLEJD)?
The closing price on Nov 6, 2026 was kr 833.00. Our model-based fair value is kr 334.04, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Plejd AB right now?
The price sits above even our optimistic bull case (kr 417.55). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 200.71 to kr 417.55) leaves room in how you read the outcome.
Key figures of Plejd AB
How large is the market capitalisation of Plejd AB (PLEJD)?
The market capitalisation of Plejd AB is 10.6B SEK (≈ $1.1B). 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 Plejd AB (PLEJD)?
The price-to-sales ratio of Plejd AB is 9.18 (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 Plejd AB (PLEJD)?
Earnings per share at Plejd AB are kr 22.32 (price ÷ EPS = P/E 37.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Plejd AB (PLEJD)?
The net margin of Plejd AB is 21.8% (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 Plejd AB (PLEJD)?
The return on equity (ROE) of Plejd AB is 30.6% (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 Plejd AB (PLEJD)?
On an EBIT basis the return on assets of Plejd AB is 15.6% (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 Plejd AB (PLEJD)?
The operating margin of Plejd AB is 25.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Plejd AB (PLEJD)?
Revenue at Plejd AB is growing +31.3% versus a year earlier (3y avg +29.5%). 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 Plejd AB (PLEJD)?
Earnings per share at Plejd AB are growing +59.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Plejd AB (PLEJD) carry?
The net debt of Plejd AB is 383K SEK (fiscal year 2025, ≈ 0.0 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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Some data
Nov 8, 2026