AB Traction (TRAC-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of AB Traction stock SEK 255, price SEK 255, upside -0.2%, quality 64 out of 100. Rating: fairly valued. 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 13, 2026.
How to read this chart
60‑month range kr 168.31 – kr 284.15 · fair‑value band kr 190.88 – kr 318.13 · the kr 255.00 price screens above the kr 254.51 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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AB Traction is a private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments. It invests in public and private companies.
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In private companies, the firm invests in turnaround projects, reconstructions, management buy-outs, and buy-ins. In public companies, it underwrites new share issues in companies. It does not focus on any specific industry and invests across all sectors. The firm typically invests in Sweden.
The firm exits its investments through sale of equity. The firm makes balance sheet investments. AB Traction was founded in 1974 and is based in Stockholm, Sweden.
Stock analysis
AB Traction (TRAC-B) currently trades at kr 255.00, while our model-based Fair Value estimate is kr 254.51, so the stock looks roughly fairly valued today (gap 0.2%).
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Valuation
How firm this estimate is: it rests on 22 models at a data quality of 95/100, which puts the data coverage at high.
Scenario range: kr 190.88 (bear) to kr 318.13 (bull), the price of kr 255.00 sits inside 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 64/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
AB Traction reported revenue of 149M SEK in FY2025 versus 1.4B SEK in FY2021, a compound −42.4%/yr. Reported net income was 195M SEK in FY2025, compounding −38.3%/yr from FY2021.
Key figures
Market cap 3.8B SEK (≈ $380M) Small · P/E ratio 11.7 · P/S ratio 10.6 · EPS (TTM) kr 22.74 · Dividend yield 3.3% · Net margin 94.7% · Return on equity 7.8% · Return on assets (EBIT) 8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at 0%, TRAC-B screens cheaper than that median.
Fair Value models
Bearkr 190.88Fair Value kr 254.51Bullkr 318.13
Price kr 255.00 · Upside -0.2%
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 11.59 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.40/100
Revenue growth is weak, negative or inconsistent.
Revenue growth 1 year
−69.7%
Revenue growth 24 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.
−4.1%
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What shareholders gained per year (last 5 years) ⓘ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.
−22.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.0%
Dividend (yield on the price)3.3%
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.−26.0% vs 1.2%, slowing
Profit margin 2019 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.97% → 132%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
−12.1%
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 −13.8% 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.Asset Management · 662 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside−0.2% · Below median
Profitability
Return on equity (12 months)7.8% · Above median
Return on assets4.5% · Above median
Net margin (12 months)94.7% · Top 25%
Operating margin (12 months)98.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)680.0% · Top 25%
Dividend yield (12 months)3.3% · Below median
Valuation Multiplesvs Asset Management 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). "AB Traction Fair Value". https://www.fairvalue-calculator.com/stock/TRAC-B
Frequently asked questions
Is AB Traction (TRAC-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 254.51 versus a price of kr 255.00, about −0% upside (fairly valued).
What is the fair value of TRAC-B?
Our model-based fair value for AB Traction is kr 254.51 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 255.00.
What is the quality score of TRAC-B?
AB Traction has a Quality Score of 64/100. 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 AB Traction (TRAC-B)?
Our model-based price target is the fair value of kr 254.51 (as of Oct 13, 2026) from 2 valuation models. Cautious scenario kr 190.88, optimistic scenario kr 318.13. It is a calculation from audited fundamentals, not an analyst target.
What is the AB Traction stock forecast for 2026?
Our models put fair value at kr 254.51, about −0% upside versus a price of kr 255.00 (fairly valued). Cautious scenario kr 190.88, optimistic scenario kr 318.13. The calculation is refreshed regularly with new filings.
What is the revenue of AB Traction (TRAC-B)?
AB Traction reported trailing-twelve-month revenue of about 356M SEK (latest available figure, as of Oct 13, 2026).
Does AB Traction pay a dividend?
AB Traction currently shows a dividend yield of 3.25% relative to its recent price (as of Oct 13, 2026).
What growth is priced into AB Traction (TRAC-B)?
For today's price to be fair in a discounted-cash-flow model, AB Traction would have to grow free cash flow by -12.1 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 6 years revenue grew -16.2 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of TRAC-B use?
Our models discount AB Traction at 9.7 %: a base by market capitalisation (small), damped by beta 0.53, 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 AB Traction that is -12.1 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has AB Traction (TRAC-B) delivered so far?
Over the past 6 years revenue at AB Traction grew -16.2 % a year. The price currently implies -12.1 % 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 AB Traction (TRAC-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into AB Traction (-12.1 % 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 AB Traction (TRAC-B)?
The free-cash-flow yield on the price is 3.46 %: that much free cash flow AB Traction produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AB Traction (TRAC-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AB Traction it is kr 254.51 per share (as of Oct 13, 2026), against a price of kr 255.00. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is AB Traction stock overvalued or undervalued in 2026?
As of Oct 13, 2026, TRAC-B trades above its calculated fair value: price kr 255.00, fair value kr 254.51, a gap of about −0% (fairly valued). 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 TRAC-B?
No. The price is what the market pays today (kr 255.00); the fair value is what the company's own numbers justify (kr 254.51). For AB Traction the two are kr 0.4900 per share apart. That gap is exactly why we show both numbers side by side.
How much is AB Traction worth?
The market values AB Traction at about 3.8B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 255.00; our models calculate a fair value of kr 254.51 per share.
What do the bullish and bearish scenarios say about TRAC-B?
Our models span a range for AB Traction: cautious scenario kr 190.88, base kr 254.51, optimistic kr 318.13 per share (as of Oct 13, 2026, price kr 255.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRAC-B?
AB Traction trades at a price-to-earnings ratio of 11.7 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 254.51 is built from several models across several years. Other multiples: PEG 2.2, P/B 0.9, P/S 10.6, EV/EBITDA 15.4.
What is the PEG ratio of TRAC-B?
The PEG ratio of AB Traction is 2.20 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of AB Traction (TRAC-B)?
Balance-sheet figures for AB Traction (as of Oct 13, 2026): return on equity 7.8%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is TRAC-B from its 52-week high?
AB Traction trades at kr 255.00, about 4% below its 52-week high of kr 265.00 and 15% above the low of kr 222.45 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 254.51 is for.
Which stocks are comparable to AB Traction?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 AB Traction stock attractive at the current price?
The data as of Oct 13, 2026: price kr 255.00, calculated fair value kr 254.51 (−0%), Quality Score 64/100, from 2 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 TRAC-B calculated?
We run AB Traction through 2 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 254.51, 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. AB Traction 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 AB Traction (TRAC-B)?
The closing price on Oct 19, 2026 was kr 255.00. Our model-based fair value is kr 254.51, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AB Traction right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of AB Traction (TRAC-B) come from?
Earnings per share at AB Traction grew +3.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.4 %, EBIT margin +0.8 %, tax rate +0.2 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of AB Traction
How large is the market capitalisation of AB Traction (TRAC-B)?
The market capitalisation of AB Traction is 3.8B SEK (≈ $380M). 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 AB Traction (TRAC-B)?
The price-to-sales ratio of AB Traction is 10.6 (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 AB Traction (TRAC-B)?
Earnings per share at AB Traction are kr 22.74 (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AB Traction (TRAC-B)?
The dividend yield of AB Traction is 3.3% (payout 36.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AB Traction (TRAC-B)?
The net margin of AB Traction is 94.7% (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 AB Traction (TRAC-B)?
The return on equity (ROE) of AB Traction is 7.8% (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 AB Traction (TRAC-B)?
On an EBIT basis the return on assets of AB Traction is 8.9% (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 AB Traction (TRAC-B)?
The operating margin of AB Traction is 98.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AB Traction (TRAC-B)?
Revenue at AB Traction is growing +680% versus a year earlier. 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 AB Traction (TRAC-B)?
Earnings per share at AB Traction are growing +730% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AB Traction (TRAC-B) hold?
AB Traction holds more cash than debt, 753M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 13, 2026