ScandBook Holding AB (SBOK) fair value: what the stock is really worth
As of Aug 17, 2026: fair value of ScandBook Holding AB SEK 84.18, price SEK 49.30, upside +70.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 28, 2026.
How to read this chart
60‑month range kr 20.90 – kr 61.16 · fair‑value band kr 50.97 – kr 117.79 · the kr 49.30 price screens below the kr 84.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 28, 2026.
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ScandBook Holding AB (publ) manufactures and sells hard/soft cover books for book publishers in Sweden. It offers case-bound hardback books covered with colored or printed paper wrapped with a dust jacket; case-bound hardback books covered with printed paper glued to the cover board; and books with softcovers and paperbacks.
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ScandBook Holding AB (publ) manufactures and sells hard/soft cover books for book publishers in Sweden. It offers case-bound hardback books covered with colored or printed paper wrapped with a dust jacket; case-bound hardback books covered with printed paper glued to the cover board; and books with softcovers and paperbacks. The company also provides composition/positioning of inlay, design of the book cover, stocks of covers, interposer of folders, and wrapping services; prepress; and logistics services. The company was incorporated in 2006 and is based in Falun, Sweden.
Stock analysis
ScandBook Holding AB (SBOK) currently trades at kr 49.30, while our model-based Fair Value estimate is kr 84.18, implying the stock looks roughly 41.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 113.78 per share, and 18 of the 24 models we run sit above the kr 49.30 price.
Bear case: the Asset-Based group reads lowest at kr 28.39, and 6 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 50.97 (bear) to kr 117.79 (bull), the price of kr 49.30 sits below 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 56/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ScandBook Holding AB reported revenue of 489M SEK in FY2025 versus 335M SEK in FY2021, a compound +9.9%/yr. Reported net income was 40.7M SEK in FY2025, compounding +11.5%/yr from FY2021.
Key figures
Market cap 333M SEK (≈ $33.1M) · P/E ratio 8.6 · P/S ratio 0.72 · EPS (TTM) kr 6.03 · Dividend yield 5.6% · Net margin 8.3% · Return on equity 14.0% · Return on assets (EBIT) 8.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at 71%, SBOK screens cheaper than that median.
Fair Value models
Bear kr 50.97Fair Value kr 84.18Bull kr 117.79
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 2.48 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.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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.4%
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.
+8.1%
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.
+10.1%
Start year 2020 (pandemic). Over 10 years: +8.1% a year
Revenue growth 18 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.
+4.5%
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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. Basis: EBIT basis.
≈ +4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)5.6%
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.14.4% vs 24.9%, 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.6% → 6%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 56% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+0.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −1.1% a year for the price.
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.Specialty Business Services · 231 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+70.8% · Top 25%
Profitability
Return on equity (TTM)14.0% · Above median
Return on assets6.0% · Above median
Net margin (TTM)7.6% · Above median
Operating margin (TTM)5.7% · Below median
Growth and dividend
Revenue growth30.5% · Top 25%
Dividend yield (TTM)5.6% · Top 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Specialty Business Services 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). "ScandBook Holding AB Fair Value". https://www.fairvalue-calculator.com/stock/SBOK
Frequently asked questions
Is ScandBook Holding AB (SBOK) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of kr 84.18 versus the last price from Aug 17, 2026 of kr 49.30, about +71% upside (undervalued).
What is the fair value of SBOK?
Our model-based fair value for ScandBook Holding AB is kr 84.18 (as of Sep 28, 2026), built from audited fundamentals. Last price (from Aug 17, 2026): kr 49.30.
What is the quality score of SBOK?
ScandBook Holding AB has a Quality Score of 56/100. 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 ScandBook Holding AB (SBOK)?
Our model-based price target is the fair value of kr 84.18 (as of Sep 28, 2026) from 24 valuation models. Cautious scenario kr 50.97, optimistic scenario kr 117.79. It is a calculation from audited fundamentals, not an analyst target.
What is the ScandBook Holding AB stock forecast for 2026?
Our models put fair value at kr 84.18, about +71% upside versus the last price from Aug 17, 2026 of kr 49.30 (undervalued). Cautious scenario kr 50.97, optimistic scenario kr 117.79. The calculation is refreshed regularly with new filings.
What is the revenue of ScandBook Holding AB (SBOK)?
ScandBook Holding AB reported trailing-twelve-month revenue of about 525M SEK (latest available figure, as of Sep 28, 2026).
Does ScandBook Holding AB pay a dividend?
ScandBook Holding AB currently shows a dividend yield of about 5.58% relative to its recent price (as of Sep 28, 2026).
What growth is priced into ScandBook Holding AB (SBOK)?
For today's price to be fair in a discounted-cash-flow model, ScandBook Holding AB would have to grow free cash flow by +0.9 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.1 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of SBOK use?
Our models discount ScandBook Holding AB at 8.3 %: a base by market capitalisation (nano), damped by beta 0.43, 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 ScandBook Holding AB that is +0.9 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has ScandBook Holding AB (SBOK) delivered so far?
Over the past 5 years revenue at ScandBook Holding AB grew +10.1 % a year. The price currently implies +0.9 % 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 ScandBook Holding AB (SBOK) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into ScandBook Holding AB (+0.9 % 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 ScandBook Holding AB (SBOK)?
The free-cash-flow yield on the price is 7.58 %: that much free cash flow ScandBook Holding AB produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ScandBook Holding AB (SBOK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ScandBook Holding AB it is kr 84.18 per share (as of Sep 28, 2026), against a price of kr 49.30. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is ScandBook Holding AB stock overvalued or undervalued in 2026?
As of Sep 28, 2026, SBOK trades below its calculated fair value: price kr 49.30, fair value kr 84.18, a gap of about +71% (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 SBOK?
No. The price is what the market pays today (kr 49.30); the fair value is what the company's own numbers justify (kr 84.18). For ScandBook Holding AB the two are kr 34.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is ScandBook Holding AB worth?
The market values ScandBook Holding AB at about 333M SEK (market capitalisation, as of Sep 28, 2026). Per share that is kr 49.30; our models calculate a fair value of kr 84.18 per share.
What do the bullish and bearish scenarios say about SBOK?
Our models span a range for ScandBook Holding AB: cautious scenario kr 50.97, base kr 84.18, optimistic kr 117.79 per share (as of Sep 28, 2026, price kr 49.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SBOK?
ScandBook Holding AB trades at a price-to-earnings ratio of 8.6 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 84.18 is built from several models across several years. Other multiples: P/B 1.2, P/S 0.6, EV/EBITDA 6.0.
How solid is the balance sheet of ScandBook Holding AB (SBOK)?
Balance-sheet figures for ScandBook Holding AB (as of Sep 28, 2026): return on equity 14.0%, debt of 0.24 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is SBOK from its 52-week high?
ScandBook Holding AB trades at kr 49.30, about 19% below its 52-week high of kr 61.16 and 24% above the low of kr 39.66 (as of Aug 17, 2026). Distance from the high says nothing about value: that is what the fair value of kr 84.18 is for.
Which stocks are comparable to ScandBook Holding AB?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 ScandBook Holding AB stock attractive at the current price?
The data as of Sep 28, 2026: price kr 49.30, calculated fair value kr 84.18 (+71%), Quality Score 56/100, 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 SBOK calculated?
We run ScandBook Holding AB through 24 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 84.18, 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 14.5 % above its aggregate fair value. ScandBook Holding AB currently trades 41 % 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 ScandBook Holding AB (SBOK)?
The latest price we hold is from Aug 17, 2026 and stands at kr 49.30. Our model-based fair value is kr 84.18, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ScandBook Holding AB right now?
The price is below even our cautious bear case (kr 50.97). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 50.97 to kr 117.79) leaves room in how you read the outcome.
Where does the earnings growth of ScandBook Holding AB (SBOK) come from?
Earnings per share at ScandBook Holding AB grew +16.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.4 %, EBIT margin +11.1 %, tax rate −0.8 %, residual (interest, one-offs) +3.9 %. 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 ScandBook Holding AB
How large is the market capitalisation of ScandBook Holding AB (SBOK)?
The market capitalisation of ScandBook Holding AB is 333M SEK (≈ $33.1M). 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 ScandBook Holding AB (SBOK)?
The price-to-sales ratio of ScandBook Holding AB is 0.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ScandBook Holding AB (SBOK)?
Earnings per share at ScandBook Holding AB are kr 6.03 (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ScandBook Holding AB (SBOK)?
The dividend yield of ScandBook Holding AB is 5.6% (payout 45.6%). 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 ScandBook Holding AB (SBOK)?
The net margin of ScandBook Holding AB is 8.3% (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 return on equity of ScandBook Holding AB (SBOK)?
The return on equity (ROE) of ScandBook Holding AB is 14.0% (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 ScandBook Holding AB (SBOK)?
On an EBIT basis the return on assets of ScandBook Holding AB is 8.6% (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 ScandBook Holding AB (SBOK)?
The operating margin of ScandBook Holding AB is 5.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ScandBook Holding AB (SBOK)?
Revenue at ScandBook Holding AB is growing +30.5% versus a year earlier (3y avg +8.1%). 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 ScandBook Holding AB (SBOK)?
Earnings per share at ScandBook Holding AB are growing −12.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ScandBook Holding AB (SBOK) carry?
The net debt of ScandBook Holding AB is 77.9M SEK (fiscal year 2025, ≈ 3.1 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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