Qben Infra AB (publ) (QBEN) fair value: what the stock is really worth
We calculate from audited financials what Qben Infra AB (publ) is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Jul 12, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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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 Jul 12, 2026.
How to read this chart
22‑month range kr 5.42 – kr 16.50 · fair‑value band kr 1.63 – kr 3.26 · the kr 6.32 price screens above the kr 2.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
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Qben Infra AB (publ) engages in the infrastructure business in the Nordics. The company undertakes railway, energy infrastructure, telecommunication, electrification, construction and civil engineering, industrial building, and real estate projects. It provides testing, inspection, and certification services for infrastructure and industrial assets.
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Qben Infra AB (publ) engages in the infrastructure business in the Nordics. The company undertakes railway, energy infrastructure, telecommunication, electrification, construction and civil engineering, industrial building, and real estate projects. It provides testing, inspection, and certification services for infrastructure and industrial assets. Qben Infra AB (publ) has strategic cooperation agreement with Byhmgard AB (publ) to identify, develop, and execute Battery Energy Storage Systems (BESS) projects in Northern Europe. The company was incorporated in 2001 and is based in Hägersten, Sweden. Qben Infra AB (publ) operates as a subsidiary of Rsg Stockholm Ab.
Stock analysis
Qben Infra AB (publ) (QBEN) currently trades at kr 6.32, while our model-based Fair Value estimate is kr 2.18, implying the stock looks roughly 189.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 82/100, which puts the evidence level at low.
Scenario range: kr 1.63 (bear) to kr 3.26 (bull), the price of kr 6.32 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 24/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Qben Infra AB (publ) reported revenue of 1.0B SEK in FY2025 versus 583M SEK in FY2022, a compound +21.0%/yr. Reported net income was −377M SEK in FY2025.
Key figures
Market cap 631M SEK (≈ $63.5M) · EPS (TTM) kr −4.06 · Net margin −36.5% · Return on assets (EBIT) −0.1% · Free cash flow −256M SEK · Net debt 690M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −66%, QBEN screens richer than that median.
Fair Value models
Bear kr 1.63Fair Value kr 2.18Bull kr 3.26
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.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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Profit margin (trend) ⓘ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.
3.5% (2022) → −17.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside−66% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−36% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B0.24× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)0· sector 11
PAST (return on equity)0· sector 29
HEALTH (low debt)100· sector 94
DIVIDEND (yield)0· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Qben Infra AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/QBEN
Frequently asked questions
Is Qben Infra AB (publ) (QBEN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 2.18 versus a price of kr 6.32, about −66% upside (overvalued).
What is the fair value of QBEN?
Our model-based fair value for Qben Infra AB (publ) is kr 2.18 (as of Jul 12, 2026), built from audited fundamentals. The current price: kr 6.32.
What is the quality score of QBEN?
Qben Infra AB (publ) has a Quality Score of 24/100. 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 Qben Infra AB (publ) (QBEN)?
Our model-based price target is the fair value of kr 2.18 (as of Jul 12, 2026) from 1 valuation models. Cautious scenario kr 1.63, optimistic scenario kr 3.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Qben Infra AB (publ) stock forecast for 2026?
Our models put fair value at kr 2.18, about −66% upside versus a price of kr 6.32 (overvalued). Cautious scenario kr 1.63, optimistic scenario kr 3.26. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Qben Infra AB (publ) (QBEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qben Infra AB (publ) it is kr 2.18 per share (as of Jul 12, 2026), against a price of kr 6.32. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Qben Infra AB (publ) stock overvalued or undervalued in 2026?
As of Jul 12, 2026, QBEN trades above its calculated fair value: price kr 6.32, fair value kr 2.18, a gap of about −66% (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 QBEN?
No. The price is what the market pays today (kr 6.32); the fair value is what the company's own numbers justify (kr 2.18). For Qben Infra AB (publ) the two are kr 4.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qben Infra AB (publ) worth?
The market values Qben Infra AB (publ) at about 631M SEK (market capitalisation, as of Jul 12, 2026). Per share that is kr 6.32; our models calculate a fair value of kr 2.18 per share.
What do the bullish and bearish scenarios say about QBEN?
Our models span a range for Qben Infra AB (publ): cautious scenario kr 1.63, base kr 2.18, optimistic kr 3.26 per share (as of Jul 12, 2026, price kr 6.32). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Qben Infra AB (publ) (QBEN)?
Balance-sheet figures for Qben Infra AB (publ) (as of Jul 12, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is QBEN from its 52-week high?
Qben Infra AB (publ) trades at kr 6.32, about 50% below its 52-week high of kr 12.65 and 17% above the low of kr 5.42 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.18 is for.
Which stocks are comparable to Qben Infra 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 Qben Infra AB (publ) stock attractive at the current price?
The data as of Jul 12, 2026: price kr 6.32, calculated fair value kr 2.18 (−66%), Quality Score 24/100, from 1 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 QBEN calculated?
We run Qben Infra AB (publ) through 1 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 2.18, 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. Qben Infra AB (publ) 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 Qben Infra AB (publ) (QBEN)?
The closing price on Sep 24, 2026 was kr 6.32. Our model-based fair value is kr 2.18, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qben Infra AB (publ) right now?
The price sits above even our optimistic bull case (kr 3.26). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 1.63 to kr 3.26) leaves room in how you read the outcome.
Key figures of Qben Infra AB (publ)
How large is the market capitalisation of Qben Infra AB (publ) (QBEN)?
The market capitalisation of Qben Infra AB (publ) is 631M SEK (≈ $63.5M). 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 are the earnings per share of Qben Infra AB (publ) (QBEN)?
Earnings per share at Qben Infra AB (publ) are kr −4.06. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Qben Infra AB (publ) (QBEN)?
The net margin of Qben Infra AB (publ) is −36.5% (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 EBIT return on assets of Qben Infra AB (publ) (QBEN)?
On an EBIT basis the return on assets of Qben Infra AB (publ) is −0.1% (avg 4y). 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.
How much free cash flow does Qben Infra AB (publ) (QBEN) generate?
The free cash flow of Qben Infra AB (publ) is −256M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Qben Infra AB (publ) (QBEN) carry?
The net debt of Qben Infra AB (publ) is 690M SEK (fiscal year 2025). 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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