Tobii Dynavox AB (publ) (TDVXF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tobii Dynavox AB (publ) $3.27, price $7.82, upside -58.2%, quality 48 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 23, 2026.
How to read this chart
57‑month range $0.0010 – $13.47 · fair‑value band $2.23 – $4.30 · the $7.82 price screens above the $3.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Dynavox Group AB (publ), through its subsidiaries, engages in the development and sale of assistive technology products for customers with communication disabilities.
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Dynavox Group AB (publ), through its subsidiaries, engages in the development and sale of assistive technology products for customers with communication disabilities. The company offers custom designed augmentative and alternative communication (AAC) solutions that enable people with disabilities, such as cerebral palsy, ALS, autism, and spinal cord injury, to communicate on their own. Its communication solutions include language, software, hardware, funding, support, and training. The company operates in Sweden, Norway, Denmark, Belgium, the United States, Germany, France, China, the United Kingdom, Ireland, Australia, and New Zealand. The company was formerly known as Tobii Dynavox AB (publ) and changed its name to Dynavox Group AB (publ) in July 2024. Dynavox Group AB (publ) was incorporated in 2012 and is headquartered in Stockholm, Sweden.
Stock analysis
Tobii Dynavox AB (publ) (TDVXF) currently trades at $7.82, while our model-based Fair Value estimate is $3.27, implying the stock looks roughly 139.1% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $26.74 per share, and 14 of the 15 models we run sit above the $7.82 price.
Bear case: the Asset-Based group reads lowest at $3.83, and 1 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: $2.23 (bear) to $4.30 (bull), the price of $7.82 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 48/100 (below-average quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tobii Dynavox AB (publ) reported revenue of 2.5B SEK in FY2025 versus 871M SEK in FY2021, a compound +29.7%/yr. Reported net income was 166M SEK in FY2025, compounding +53.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $833M · P/E ratio 43.4 · P/S ratio 2.92 · EPS (TTM) $0.1800 · Net margin 6.7% · Return on equity 32.5% · Return on assets (EBIT) 8.5% · Revenue (TTM) $2.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −12% fair-value upside, at −58%, TDVXF screens richer than that median.
Fair Value models
Bear $2.23Fair Value $3.27Bull $4.30
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 ($0.1317 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.1%
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.
+26.6%
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.
+22.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+18.1%
’19
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’21
’22
’23
’24
’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.
+41.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+41.8%
Dividend (yield on the price)0.0%
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.14% → 10%
2025 sits 60% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Tobii Dynavox AB (publ) with another stock
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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.Medical Instruments & Supplies · 204 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−58% · Bottom 25%
Profitability
Return on equity (TTM)32% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity1.38× · Highest 25%
Valuation Multiplesvs Medical Instruments & Supplies median · lower = cheaper
P/E (TTM)43.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)6· sector 28
PAST (return on equity)100· sector 25
HEALTH (low debt)31· sector 96
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
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). "Tobii Dynavox AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/TDVXF
Frequently asked questions
Is Tobii Dynavox AB (publ) (TDVXF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $3.27 versus a price of $7.82, about −58% upside (overvalued).
What is the fair value of TDVXF?
Our model-based fair value for Tobii Dynavox AB (publ) is $3.27 (as of Sep 23, 2026), built from audited fundamentals. The current price: $7.82.
What is the quality score of TDVXF?
Tobii Dynavox AB (publ) has a Quality Score of 48/100. 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 Tobii Dynavox AB (publ) (TDVXF)?
Our model-based price target is the fair value of $3.27 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario $2.23, optimistic scenario $4.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Tobii Dynavox AB (publ) stock forecast for 2026?
Our models put fair value at $3.27, about −58% upside versus a price of $7.82 (overvalued). Cautious scenario $2.23, optimistic scenario $4.30. The calculation is refreshed regularly with new filings.
What is the revenue of Tobii Dynavox AB (publ) (TDVXF)?
Tobii Dynavox AB (publ) reported trailing-twelve-month revenue of about $2.4B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Tobii Dynavox AB (publ) (TDVXF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tobii Dynavox AB (publ) it is $3.27 per share (as of Sep 23, 2026), against a price of $7.82. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Tobii Dynavox AB (publ) stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TDVXF trades above its calculated fair value: price $7.82, fair value $3.27, a gap of about −58% (overvalued). 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 TDVXF?
No. The price is what the market pays today ($7.82); the fair value is what the company's own numbers justify ($3.27). For Tobii Dynavox AB (publ) the two are $4.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tobii Dynavox AB (publ) worth?
The market values Tobii Dynavox AB (publ) at about $833M (market capitalisation, as of Sep 23, 2026). Per share that is $7.82; our models calculate a fair value of $3.27 per share.
What do the bullish and bearish scenarios say about TDVXF?
Our models span a range for Tobii Dynavox AB (publ): cautious scenario $2.23, base $3.27, optimistic $4.30 per share (as of Sep 23, 2026, price $7.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TDVXF?
Tobii Dynavox AB (publ) trades at a price-to-earnings ratio of 43.4 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $3.27 is built from several models across several years.
How solid is the balance sheet of Tobii Dynavox AB (publ) (TDVXF)?
Balance-sheet figures for Tobii Dynavox AB (publ) (as of Sep 23, 2026): return on equity 32.5%, debt of 1.38 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is TDVXF from its 52-week high?
Tobii Dynavox AB (publ) trades at $7.82, about 39% below its 52-week high of $12.72 and 42% above the low of $5.51 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $3.27 is for.
Which stocks are comparable to Tobii Dynavox AB (publ)?
From the same area (Healthcare) we also value Intuitive Surgical, Inc, EssilorLuxottica Société anonyme, Medline Inc, Becton, Dickinson and Company, 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 Tobii Dynavox AB (publ) stock attractive at the current price?
The data as of Sep 23, 2026: price $7.82, calculated fair value $3.27 (−58%), Quality Score 48/100, from 15 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 TDVXF calculated?
We run Tobii Dynavox AB (publ) through 15 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 $3.27, 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 14.1 % above its aggregate fair value. Tobii Dynavox AB (publ) itself currently trades above fair value. 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 Tobii Dynavox AB (publ) (TDVXF)?
The closing price on Sep 23, 2026 was $7.82. Our model-based fair value is $3.27, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tobii Dynavox AB (publ) right now?
The price sits above even our optimistic bull case ($4.30). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($2.23 to $4.30) leaves room in how you read the outcome.
Key figures of Tobii Dynavox AB (publ)
How large is the market capitalisation of Tobii Dynavox AB (publ) (TDVXF)?
The market capitalisation of Tobii Dynavox AB (publ) is $833M. 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 Tobii Dynavox AB (publ) (TDVXF)?
The price-to-sales ratio of Tobii Dynavox AB (publ) is 2.92 (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 Tobii Dynavox AB (publ) (TDVXF)?
Earnings per share at Tobii Dynavox AB (publ) are $0.1800 (price ÷ EPS = P/E 43.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tobii Dynavox AB (publ) (TDVXF)?
The net margin of Tobii Dynavox AB (publ) is 6.7% (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 Tobii Dynavox AB (publ) (TDVXF)?
The return on equity (ROE) of Tobii Dynavox AB (publ) is 32.5% (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 Tobii Dynavox AB (publ) (TDVXF)?
On an EBIT basis the return on assets of Tobii Dynavox AB (publ) is 8.5% (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.
How fast is revenue growing at Tobii Dynavox AB (publ) (TDVXF)?
Revenue at Tobii Dynavox AB (publ) is growing +1.2% versus a year earlier (3y avg +26.6%). 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 Tobii Dynavox AB (publ) (TDVXF)?
Earnings per share at Tobii Dynavox AB (publ) are growing +59.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tobii Dynavox AB (publ) (TDVXF) generate?
The free cash flow of Tobii Dynavox AB (publ) is −$8.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tobii Dynavox AB (publ) (TDVXF) carry?
The net debt of Tobii Dynavox AB (publ) is $909M (fiscal year 2025). 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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