SSAB AB (publ) (SSAB-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of SSAB AB (publ) stock SEK 72.43, price SEK 103, upside -29.6%, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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SSAB AB (publ)
SSAB-B · STOvervalued / MonitorQuality is not strong enough to offset the price risk.
Our calculation puts a fair price 30% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range kr 24.91 – kr 109.40 · fair‑value band kr 54.91 – kr 94.15 · the kr 102.85 price screens above the kr 72.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Company profile
SSAB AB (publ) engages in the production and sale of steel products in Sweden, Finland, Germany, Poland, Denmark, Asia, the Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction.
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The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products. The SSAB Europe segment provides strip, heavy plate, and tubular products. The SSAB Americas segment is involved in the sale of heavy plates.
The Tibnor segment distributes a range of steel and non-ferrous metals in the Nordics and Baltics. The Ruukki Construction segment produces and sells building solutions. It also offers fossil free steel products.
The company markets its steel products under the Strenx, Hardox, Docol, GreenCoat, Toolox, Armox, Duroxite, Cor-Ten, SSAB AM, SSAB Boron, SSAB Domex, SSAB Form, SSAB Laser, SSAB Weathering, and SSAB Multisteel brands.
It serves heavy transport, automotive, material handling, construction machinery, energy, construction, protection, and tooling customers through its sales channels, service centers, and distributors. SSAB AB (publ) was founded in 1878 and is headquartered in Stockholm, Sweden.
Stock analysis
SSAB AB (publ) (SSAB-B) currently trades at kr 102.85, while our model-based Fair Value estimate is kr 72.43, 29.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 89.08 per share, and 2 of the 14 models we run sit above the kr 102.85 price.
Bear case: the Asset-Based group reads lowest at kr 25.74, and 12 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 54.91 (bear) to kr 94.15 (bull), the price of kr 102.85 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 54/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
SSAB AB (publ) reported revenue of 96.2B SEK in FY2025 versus 95.9B SEK in FY2021, a compound +0.1%/yr. Reported net income was 4.9B SEK in FY2025, compounding −24.0%/yr from FY2021.
Key figures
Market cap 103B SEK (≈ $10.3B) Large · P/E ratio 18.7 · P/S ratio 1.05 · EPS (TTM) kr 5.58 · Dividend yield 1.9% · Net margin 5.7% · Return on equity 8.1% · Return on assets (EBIT) 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 83% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −30%, SSAB-B screens cheaper than that median.
Fair Value models
All 14 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
SSAB-B screens overvalued: fair value 30% below the price. Compare with Nucor Corporation →
Earlier news
- SSAB (OM:SSAB A) Stock Sees Modest Fair Value Lift As Analyst Targets Move Higher
- Steel Supply Shock Puts SSAB Stock In Focus
- Wear-Resistant Materials Market Forecasts Growth from $10.9B (2026) to $17.6B by 2033, Profiling SSAB, Saint-Gobain, ArcelorMittal, Kennamet
- SSAB (SSAAY) Upgraded to Buy: What Does It Mean for the Stock?
Compare SSAB AB (publ) with another stock
Price, fair value, quality and upside side by side.
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.Steel · 398 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Sweden market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Baoshan Iron & Steel Co 600019 | ¥5.90 | ¥8.07 | +37% | vs SSAB-B |
| JSW Steel Limited JSWSTEEL | ₹1,216 | ₹1,095 | −10% | vs SSAB-B |
| Tata Steel Limited TATASTEEL | ₹175.50 | ₹148.06 | −16% | vs SSAB-B |
| ArcelorMittal S.A MT | €56.52 | €35.56 | −37% | vs SSAB-B |
| Steel Dynamics, Inc STLD | $245.17 | $140.62 | −43% | vs SSAB-B |
| POSCO Holdings 005490 | 296,500 KRW | 155,270 KRW | −48% | vs SSAB-B |
| Reliance, Inc RS | $411.17 | $211.55 | −49% | vs SSAB-B |
| Jindal Steel Limited JINDALSTEL | ₹1,013 | ₹516.27 | −49% | vs SSAB-B |
| Nucor Corporation NUE | $251.83 | $116.49 | −54% | vs SSAB-B |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.09 | ¥0.5300 | −75% | vs SSAB-B |
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