SSAB AB (SSAB-B) Fair Value & Analysis
Basic Materials · SE · Market cap 95.6B SEK (≈ $10.0B) · ISIN SE0000120669
What is SSAB AB really worth?
A solid business, but trading 46% above our fair value of kr 72.43.
As of Aug 27, 2026, the fair value of SSAB AB is kr 72.43 per share against a price of kr 106.10, so the fair value sits 32% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Risks
For context
Fair value as of: Aug 27, 2026
From 14 valuation models · updated 9 days ago
Share price +1.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 94.15). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 24.72 – kr 108.40 · fair‑value band kr 54.56 – kr 94.15 · the kr 106.10 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 Aug 27, 2026.
Analysis
SSAB AB (SSAB-B) currently trades at kr 106.10, while our model-based Fair Value estimate is kr 72.43, implying the stock looks roughly 46.5% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of kr 83.62 per share, and 1 of the 14 models we run sit above the kr 106.10 price. Bear case: the Earnings-Based group reads lowest at kr 25.82, and 13 of the 14 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, SSAB AB generated revenue of 96.0B SEK at a net margin of 5.6%. Revenue declined 0.7% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of 11.4B SEK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 54.56 (bear case) to kr 94.15 (bull case); at kr 106.10, the current price sits above 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 near its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −32%, SSAB-B screens richer 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 2.31 per share, which is 3.2 % 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 14 models by family
Widest divergence: Multiples (kr 83.62) versus Earnings-Based (kr 25.82). Highest evidence: Residual Income (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 78
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
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.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SSAB AB 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.
SSAB-B screens 46% overvalued. Compare with Nucor Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Is SSAB (SSAAY) Stock Undervalued Right Now?
- SSAB (OM:SSAB A) Stock May Trade Below Fair Value On Earnings Strength
- Should Value Investors Buy SSAB (SSAAY) Stock?
- Despite Fast-paced Momentum, SSAB (SSAAY) Is Still a Bargain Stock
Peer Group
Steel · 400 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 Steel 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.
VALUE 0: the price sits above our fair-value range.
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 (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $250.50 | $116.05 | −54% |
| ArcelorMittal S.A MT | €64.60 | €46.04 | −29% |
| JSW Steel Limited JSWSTEEL | ₹1,296 | ₹1,119 | −14% |
| Steel Dynamics, Inc STLD | $234.67 | $127.14 | −46% |
| 500228 500228 | ₹1,292 | ₹1,079 | −16% |
| Tata Steel Limited TATASTEEL | ₹186.80 | ₹145.39 | −22% |
| Reliance, Inc RS | $387.59 | $217.81 | −44% |
| Baoshan Iron & Steel Co 600019 | ¥5.91 | ¥8.07 | +37% |
| POSCO Holdings PKX | $63.13 | $85.21 | +35% |
| Jindal Steel & Power Limited JINDALSTEL | ₹1,114 | ₹429.44 | −61% |
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