TagMaster AB Series B (TAGM-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of TagMaster AB Series B stock SEK 43.10, price SEK 27.80, upside +55.0%, quality 70 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range kr 10.00 – kr 43.20 · fair‑value band kr 32.32 – kr 55.12 · the kr 27.80 price screens below the kr 43.10 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 Oct 2, 2026.
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TagMaster AB (publ), an application driven technology company, designs and markets advanced sensor systems and solutions based on radio, radar, vision, and wireless magnetic technology under the TagMaster, Sensys Networks, Citilog, and Quercus brand names.
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The company offers traffic monitoring solutions for parking, access control and security, traffic, tolling, airports, mining & ports, and fleet operations applications.
It also provides RFID solutions for automatic train protection (ATP); automatic vehicle location (AVL); crossroad priority request (CPR); crossroad way command (CWC); and communication based train control (CBTC) systems.
Inadition, the company offers RFID readers for automatic vehicle identification applications, such as gates, barriers, high speed roll up doors, gated communities, parking, road tolls, weight scales, car washes, and others; and rail products The company exports its products primarily to Europe, the Middle East, Asia, and North America through a network of partners, systems integrators, and distributors.
TagMaster AB (publ) was incorporated in 1994 and is headquartered in Kista, Sweden.
Stock analysis
TagMaster AB Series B (TAGM-B) currently trades at kr 27.80, while our model-based Fair Value estimate is kr 43.10, implying the stock looks roughly 35.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 74.00 per share, and 16 of the 24 models we run sit above the kr 27.80 price.
Bear case: the Economic Profit group reads lowest at kr 16.31, and 8 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 32.32 (bear) to kr 55.12 (bull), the price of kr 27.80 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 70/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TagMaster AB Series B reported revenue of 483M SEK in FY2025 versus 327M SEK in FY2021, a compound +10.3%/yr. Reported net income was 22.5M SEK in FY2025, compounding +40.1%/yr from FY2021.
Key figures
Market cap 407M SEK (≈ $41.1M) Micro · P/E ratio 11.4 · P/S ratio 0.84 · EPS (TTM) kr 2.43 · Net margin 7.4% · Return on equity 13.2% · Return on assets (EBIT) 2.0% · Operating margin 9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 87% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at 55%, TAGM-B screens cheaper than that median.
Fair Value models
Bearkr 32.32Fair Value kr 43.10Bullkr 55.12
Price kr 27.80 · Upside +55.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 1.95 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.Coverage ⓘCoverage = 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.88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.9%
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.
+10.5%
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.
+11.0%
Start year 2020 (pandemic). Over 10 years: +19.9% a year
Revenue growth 17 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.
+13.9%
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.0%
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.30.9% vs 10.5%, picking up
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.−5% → 6%
2025 sits 65% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−8.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −10.4% 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.Communication Equipment · 295 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+55.0% · Top 25%
Profitability
Return on equity (12 months)13.2% · Above median
Return on assets4.7% · Above median
Net margin (12 months)7.4% · Above median
Operating margin (12 months)9.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)−8.4% · Bottom 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Communication Equipment 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). "TagMaster AB Series B Fair Value". https://www.fairvalue-calculator.com/stock/TAGM-B
Frequently asked questions
Is TagMaster AB Series B (TAGM-B) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 43.10 versus a price of kr 27.80, about +55% upside (undervalued).
What is the fair value of TAGM-B?
Our model-based fair value for TagMaster AB Series B is kr 43.10 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 27.80.
What is the quality score of TAGM-B?
TagMaster AB Series B has a Quality Score of 70/100. 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 TagMaster AB Series B (TAGM-B)?
Our model-based price target is the fair value of kr 43.10 (as of Oct 2, 2026) from 24 valuation models. Cautious scenario kr 32.32, optimistic scenario kr 55.12. It is a calculation from audited fundamentals, not an analyst target.
What is the TagMaster AB Series B stock forecast for 2026?
Our models put fair value at kr 43.10, about +55% upside versus a price of kr 27.80 (undervalued). Cautious scenario kr 32.32, optimistic scenario kr 55.12. The calculation is refreshed regularly with new filings.
What is the revenue of TagMaster AB Series B (TAGM-B)?
TagMaster AB Series B reported trailing-twelve-month revenue of about 484M SEK (latest available figure, as of Oct 2, 2026).
What growth is priced into TagMaster AB Series B (TAGM-B)?
For today's price to be fair in a discounted-cash-flow model, TagMaster AB Series B would have to grow free cash flow by -8.6 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of TAGM-B use?
Our models discount TagMaster AB Series B at 9.3 %: a base by market capitalisation (nano), damped by beta 0.90, 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 TagMaster AB Series B that is -8.6 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has TagMaster AB Series B (TAGM-B) delivered so far?
Over the past 5 years revenue at TagMaster AB Series B grew +11.0 % a year. The price currently implies -8.6 % 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 TagMaster AB Series B (TAGM-B) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into TagMaster AB Series B (-8.6 % 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 TagMaster AB Series B (TAGM-B)?
The free-cash-flow yield on the price is 14.00 %: that much free cash flow TagMaster AB Series B produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TagMaster AB Series B (TAGM-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TagMaster AB Series B it is kr 43.10 per share (as of Oct 2, 2026), against a price of kr 27.80. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TagMaster AB Series B stock overvalued or undervalued in 2026?
As of Oct 2, 2026, TAGM-B trades below its calculated fair value: price kr 27.80, fair value kr 43.10, a gap of about +55% (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 TAGM-B?
No. The price is what the market pays today (kr 27.80); the fair value is what the company's own numbers justify (kr 43.10). For TagMaster AB Series B the two are kr 15.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is TagMaster AB Series B worth?
The market values TagMaster AB Series B at about 407M SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 27.80; our models calculate a fair value of kr 43.10 per share.
What do the bullish and bearish scenarios say about TAGM-B?
Our models span a range for TagMaster AB Series B: cautious scenario kr 32.32, base kr 43.10, optimistic kr 55.12 per share (as of Oct 2, 2026, price kr 27.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TAGM-B?
TagMaster AB Series B trades at a price-to-earnings ratio of 11.4 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 43.10 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 15.9 (reported for FY2025: 18.1). Other multiples: P/B 1.5, P/S 0.8, EV/EBITDA 5.9.
How solid is the balance sheet of TagMaster AB Series B (TAGM-B)?
Balance-sheet figures for TagMaster AB Series B (as of Oct 2, 2026): return on equity 13.2%, debt of 0.14 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is TAGM-B from its 52-week high?
TagMaster AB Series B trades at kr 27.80, about 36% below its 52-week high of kr 43.20 and 87% above the low of kr 14.85 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 43.10 is for.
Which stocks are comparable to TagMaster AB Series B?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology 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 TagMaster AB Series B stock attractive at the current price?
The data as of Oct 2, 2026: price kr 27.80, calculated fair value kr 43.10 (+55%), Quality Score 70/100, 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 TAGM-B calculated?
We run TagMaster AB Series B 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 43.10, 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 13.9 % above its aggregate fair value. TagMaster AB Series B currently trades 35 % 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 TagMaster AB Series B (TAGM-B)?
The closing price on Oct 19, 2026 was kr 27.80. Our model-based fair value is kr 43.10, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TagMaster AB Series B right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (kr 32.32). The market is more pessimistic than our downside scenario.
Key figures of TagMaster AB Series B
How large is the market capitalisation of TagMaster AB Series B (TAGM-B)?
The market capitalisation of TagMaster AB Series B is 407M SEK (≈ $41.1M). 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 TagMaster AB Series B (TAGM-B)?
The price-to-sales ratio of TagMaster AB Series B is 0.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TagMaster AB Series B (TAGM-B)?
Earnings per share at TagMaster AB Series B are kr 2.43 (price ÷ EPS = P/E 11.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TagMaster AB Series B (TAGM-B)?
The net margin of TagMaster AB Series B is 7.4% (last twelve months). 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 TagMaster AB Series B (TAGM-B)?
The return on equity (ROE) of TagMaster AB Series B is 13.2% (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 TagMaster AB Series B (TAGM-B)?
On an EBIT basis the return on assets of TagMaster AB Series B is 2.0% (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 TagMaster AB Series B (TAGM-B)?
The operating margin of TagMaster AB Series B is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TagMaster AB Series B (TAGM-B)?
Revenue at TagMaster AB Series B is growing −8.4% versus a year earlier (3y avg +10.5%). 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 TagMaster AB Series B (TAGM-B)?
Earnings per share at TagMaster AB Series B are growing +19.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TagMaster AB Series B (TAGM-B) carry?
The net debt of TagMaster AB Series B is 69.8M SEK (fiscal year 2025, ≈ 1.2 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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Broad data
Oct 2, 2026