Rejlers AB (REJL-B) Fair Value & Analysis
Industrials · SE · Market cap 3.6B SEK (≈ $374M) · ISIN SE0000123671
What is Rejlers AB really worth?
Below-average quality, trading 19% below our fair value of kr 196.59.
Strengths
Risks
For context
Fair value as of: Aug 21, 2026
From 26 valuation models · updated 15 days ago
Share price −0.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (47/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range kr 96.80 – kr 200.08 · fair‑value band kr 143.33 – kr 245.74 · the kr 158.80 price screens below the kr 196.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Rejlers AB (REJL-B) currently trades at kr 158.80, while our model-based Fair Value estimate is kr 196.59, implying the stock looks roughly 19.2% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 256.46 per share, and 17 of the 26 models we run sit above the kr 158.80 price. Bear case: the Asset-Based group reads lowest at kr 66.59, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Rejlers AB generated revenue of 4.8B SEK at a net margin of 3.8%. Revenue grew 3.4% year over year. It earns a return on equity of 8.9%. Net debt stands at 790M SEK. Fundamentals as of Aug 21, 2026
Our scenario range runs from kr 143.33 (bear case) to kr 245.74 (bull case); at kr 158.80, 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 21% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −21% fair-value upside, at 24%, REJL-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 1.85 per share, which is 0.9 % 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 26 models by family
Widest divergence: DCF Models (kr 256.46) versus Asset-Based (kr 66.59). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 49
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
Rejlers AB (publ), together with its subsidiaries, engages in the provision of engineering consultancy services in Sweden, Finland, Norway, and Abu Dhabi.
Full company description
Rejlers AB (publ), together with its subsidiaries, engages in the provision of engineering consultancy services in Sweden, Finland, Norway, and Abu Dhabi. The company provides its services in various areas, including road and rail networks, water utilities, telecom and IT networks, city planning and building construction and structural systems such as heating, ventilation, fire safety and electrical engineering. It serves energy, industry, infrastructure and environment, buildings and properties, communication and security, and technical management consulting. The company was formerly known as Rejlerkoncernen AB and changed its name to Rejlers AB (publ) in July 2013. Rejlers AB (publ) was founded in 1942 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Rejlers AB reported revenue of 4.7B SEK in FY2025 versus 2.9B SEK in FY2021, a compound +13.1%/yr. Reported net income was 197M SEK in FY2025, compounding +15.7%/yr from FY2021.
of which total revenue +9.4 % · buybacks/dilution −5.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Consulting 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 Consulting 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 Consulting Services stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Verisk Analytics, Inc VRSK | $191.77 | $145.58 | −24% |
| SGS SA SGSN | CHF 94.20 | CHF 68.96 | −27% |
| Equifax Inc EFX | $192.41 | $100.04 | −48% |
| Bureau Veritas SA BVI | €27.74 | €27.81 | +0% |
| ALS Limited ALQ | A$21.94 | A$10.93 | −50% |
| Booz Allen Hamilton Holding BAH | $75.38 | $146.45 | +94% |
| DKSH Holding DKSH | CHF 66.30 | CHF 64.81 | −2% |
| FTI Consulting, Inc FCN | $151.36 | $168.44 | +11% |
| Centre Testing International Group 300012 | ¥14.98 | ¥11.90 | −21% |
| GRG Metrology & Test Group 002967 | ¥17.23 | ¥11.69 | −32% |
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