Tobii AB (TOBII) Fair Value & Analysis
Technology · SE · Market cap 433M SEK
Fair value as of: Aug 14, 2026
From 11 valuation models · updated yesterday
Share price +14.7% over the past month.
Below-average quality, and screening another 48% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 1.23). The favourable scenario is already priced in.
- Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (kr 0.6692 to kr 1.23) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range kr 1.41 – kr 69.20 · fair‑value band kr 0.6692 – kr 1.23 · the kr 1.84 price screens above the kr 0.9520 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.
Analysis
Tobii AB (TOBII) currently trades at kr 1.84, while our model-based Fair Value estimate is kr 0.9520, implying the stock looks roughly 48.4% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Tobii AB generated revenue of 800M SEK at a net margin of -36.9%. Revenue declined 17.2% year over year. It earns a return on equity of -58.7%. Net debt stands at 481M SEK. Fundamentals as of Aug 14, 2026
Our scenario range runs from kr 0.6692 (bear case) to kr 1.23 (bull case); at kr 1.84, 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 about 75% below its 52-week high and 42% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -48%, TOBII screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 11 models by family
Widest divergence: Multiples (kr 3.38) versus Asset-Based (kr 1.12). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 26
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.
About the company
Tobii AB (publ) develops and sells eye-tracking technology and solutions in Sweden, Europe, Middle East, Africa, the United States, and internationally.
Full company description
Tobii AB (publ) develops and sells eye-tracking technology and solutions in Sweden, Europe, Middle East, Africa, the United States, and internationally. The company offers Tobii Pro Glasses 3, a wearable eye tracker; screen based eye trackers, including Tobii Pro spectrum, Tobii Pro fusion, and Tobii Pro Spark; and motion capture, protective and corrective lenses, mobile testing accessories, tripod stands, shimmers, stim trackers, and chin rest accessories. It also provides Tobii Pro Lab, an eye tracking software for multimodal research solutions; Sticky by Tobii, an online eye tracking and survey tool; Tobii UX Explore for UX design; Tobii Pro SDK for building analytical applications; Tobii Ocumen, an eye-tracking solution for analytical application in VR; Tobii Pro Eye Tracker Manager, a software to manage screen-based eye tracker; Tobii Pro Glasses 3 API, an application programming interface for the creation of solutions; and Tobii Aware, a software that understands human attention. In addition, the company offers XR developer, PC gaming, and product integration services; and open source software for research. Further, the company provides insight, training and education, customer integration, and funding support services; autosense, drive monitoring, XR headsets, and PC and screen based integration services; Tobii Eye Tracker 5 for head and tracking; Tobii Horizon, a gearless head tracking solution; Tobii IS5 Integration platform; and attention exchange, lens casting, and IP licensing services. Tobii AB (publ) was incorporated in 2001 and is headquartered in Danderyd, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tobii AB reported revenue of kr 834M in FY2025 versus kr 616M in FY2021, a compound +7.9%/yr. Reported net income was −kr 217M in FY2025.
TOBII screens 48% overvalued. Compare with Dell Technologies Inc →
Peer Group
Computer Hardware · 222 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 Computer Hardware median · lower = cheaper
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Dell Technologies Inc DELL | $484.50 | $187.75 | -61% |
| Arista Networks, Inc ANET | $210.50 | $57.72 | -73% |
| Western Digital Corporation WDC | $454.10 | $90.94 | -80% |
| Hygon Information Technology Co 688041 | ¥287.66 | ¥30.66 | -89% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥36.47 | ¥40.44 | +11% |
| Shenzhen Longsys Electronics Co 301308 | ¥414.30 | ¥91.67 | -78% |
| Lenovo Group 0992 | HK$29.04 | HK$4.30 | -85% |
| Dawning Information Industry Co 603019 | ¥86.42 | ¥39.38 | -54% |
| Inspur Electronic Information Industry Co 000977 | ¥75.02 | ¥44.02 | -41% |
| Lite-On Technology Corporation 2301 | 269.50 TWD | 121.96 TWD | -55% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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