Trelleborg AB (publ) (TREL-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Trelleborg AB (publ) stock SEK 312, price SEK 466, upside -32.9%, quality 70 out of 100. Rating: overvalued. 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 150.86 – kr 469.80 · fair‑value band kr 225.28 – kr 446.18 · the kr 465.80 price screens above the kr 312.41 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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Trelleborg AB (publ) provides engineered polymer solutions for seal, damp, and protect critical applications worldwide.
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It offers antivibration solutions; automotive boots and noise damping; bearings and bushings; bridge expansion joints; cable and rubber compounds; electrical protection; embedded rail systems; and engineered coated fabrics and molded parts.
The company also provides fenders, docking, and mooring; flat gaskets; floatover solutions; fluid handling solutions; grout seals; inflatable products; medical solutions; hoses for milking equipment; and noise and vibration damping.
In addition, it offers oil sand applications; pipe repair and seals; rubber flooring and sheeting; sealing profiles and solutions; ship fenders; squeegees; truck and diesel solutions; tunnel seals; and wear protection solutions.
The company offers its solutions to aerospace; agriculture; automotive; building, construction, mining, and marine equipment; healthcare and medical; manufacturing; oil and gas; and rail and mass transit industry. Trelleborg AB (publ) was founded in 1905 and is headquartered in Trelleborg, Sweden.
Stock analysis
Trelleborg AB (publ) (TREL-B) currently trades at kr 465.80, while our model-based Fair Value estimate is kr 312.41, 32.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 316.15 per share, and 3 of the 22 models we run sit above the kr 465.80 price.
Bear case: the Economic Profit group reads lowest at kr 185.95, and 19 of the 22 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 225.28 (bear) to kr 446.18 (bull), the price of kr 465.80 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 70/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Trelleborg AB (publ) reported revenue of 34.3B SEK in FY2025 versus 33.9B SEK in FY2021, a compound +0.3%/yr. Reported net income was 3.6B SEK in FY2025, compounding −0.8%/yr from FY2021.
Key figures
Market cap 104B SEK (≈ $10.5B) Large · P/E ratio 27.6 · P/S ratio 3.00 · EPS (TTM) kr 16.87 · Dividend yield 1.7% · Net margin 10.9% · Return on equity 10.2% · Return on assets (EBIT) 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −48% fair-value upside, at −33%, TREL-B screens cheaper than that median.
Fair Value models
Bearkr 225.28Fair Value kr 312.41Bullkr 446.18
Price kr 465.80 · Upside -32.9%
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 7.12 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: less than 2 % a year.
Revenue growth 1 year
+0.1%
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.
+4.5%
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.
+0.9%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 23 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.
+2.9%
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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.
+7.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.9%
Dividend (yield on the price)1.7%
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.5.9% vs 5.1%, steady
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.13% → 18%
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 and more than analysts expect.
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).
+13.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +11.7% a year for the price and +3.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Trelleborg shows an average moat through expansion into higher-value polymer applications via acquisitions, but modest margins and cash conversion give only weak evidence of durability.
Main risk: Integration costs from the Producta acquisition could fail to lift returns and further pressure the already modest margins and cash conversion.
Trelleborg has just acquired Producta, an Italian maker of advanced sealing profiles for building and construction in Southern Europe. The deal adds innovative solutions that fit its focus on higher-value polymer applications and resource efficiency. Our models currently see the stock as overvalued. Will this expansion into new geographic and product areas drive meaningful growth, or will it mainly add integration costs without lifting returns?
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.Specialty Industrial Machinery · 802 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−32.9% · Below median
Profitability
Return on equity (12 months)10.2% · Above median
Return on assets6.5% · Above median
Net margin (12 months)10.9% · Above median
Operating margin (12 months)17.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)7.1% · Above median
Dividend yield (12 months)1.7% · Above median
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)27.6× · Pricier than median
P/B2.85× · Pricier than median
P/S (12 months)3.00× · Pricier than median
Price / free cash flow28.0× · Pricier than median
EV/EBITDA14.0× · Cheaper than median
PEG1.44× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)36· sector 31
PAST (return on equity)41· sector 27
HEALTH (low debt)95· sector 96
DIVIDEND (yield)34· sector 27
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). "Trelleborg AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/TREL-B
Frequently asked questions
Is Trelleborg AB (publ) (TREL-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 312.41 versus a price of kr 465.80, about −33% upside (overvalued).
What is the fair value of TREL-B?
Our model-based fair value for Trelleborg AB (publ) is kr 312.41 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 465.80.
What is the quality score of TREL-B?
Trelleborg AB (publ) 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 Trelleborg AB (publ) (TREL-B)?
Our model-based price target is the fair value of kr 312.41 (as of Oct 13, 2026) from 22 valuation models. Cautious scenario kr 225.28, optimistic scenario kr 446.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Trelleborg AB (publ) stock forecast for 2026?
Our models put fair value at kr 312.41, about −33% upside versus a price of kr 465.80 (overvalued). Cautious scenario kr 225.28, optimistic scenario kr 446.18. The calculation is refreshed regularly with new filings.
What is the revenue of Trelleborg AB (publ) (TREL-B)?
Trelleborg AB (publ) reported trailing-twelve-month revenue of about 34.7B SEK (latest available figure, as of Oct 13, 2026).
Does Trelleborg AB (publ) pay a dividend?
Trelleborg AB (publ) currently shows a dividend yield of 1.72% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Trelleborg AB (publ) (TREL-B)?
For today's price to be fair in a discounted-cash-flow model, Trelleborg AB (publ) would have to grow free cash flow by +13.9 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of TREL-B use?
Our models discount Trelleborg AB (publ) at 8.7 %: a base by market capitalisation (large), damped by beta 0.88, 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 Trelleborg AB (publ) that is +13.9 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Trelleborg AB (publ) (TREL-B) delivered so far?
Over the past 5 years revenue at Trelleborg AB (publ) grew +0.9 % a year. The price currently implies +13.9 % 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 Trelleborg AB (publ) (TREL-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Trelleborg AB (publ) (+13.9 % 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 Trelleborg AB (publ) (TREL-B)?
The free-cash-flow yield on the price is 3.57 %: that much free cash flow Trelleborg AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Trelleborg AB (publ) (TREL-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trelleborg AB (publ) it is kr 312.41 per share (as of Oct 13, 2026), against a price of kr 465.80. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Trelleborg AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, TREL-B trades above its calculated fair value: price kr 465.80, fair value kr 312.41, a gap of about −33% (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 TREL-B?
No. The price is what the market pays today (kr 465.80); the fair value is what the company's own numbers justify (kr 312.41). For Trelleborg AB (publ) the two are kr 153.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Trelleborg AB (publ) worth?
The market values Trelleborg AB (publ) at about 104B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 465.80; our models calculate a fair value of kr 312.41 per share.
What do the bullish and bearish scenarios say about TREL-B?
Our models span a range for Trelleborg AB (publ): cautious scenario kr 225.28, base kr 312.41, optimistic kr 446.18 per share (as of Oct 13, 2026, price kr 465.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TREL-B?
Trelleborg AB (publ) trades at a price-to-earnings ratio of 27.6 (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 312.41 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 27.3 (reported for FY2025: 29.3). Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 17.9. Other multiples: PEG 1.4, P/B 2.9, P/S 3.0, EV/EBITDA 14.0.
What is the PEG ratio of TREL-B?
The PEG ratio of Trelleborg AB (publ) is 1.44 (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 Trelleborg AB (publ) (TREL-B)?
Balance-sheet figures for Trelleborg AB (publ) (as of Oct 13, 2026): return on equity 10.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is TREL-B from its 52-week high?
Trelleborg AB (publ) trades at kr 465.80, about 1% below its 52-week high of kr 469.80 and 44% above the low of kr 324.44 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 312.41 is for.
Which stocks are comparable to Trelleborg AB (publ)?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Trelleborg AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 465.80, calculated fair value kr 312.41 (−33%), Quality Score 70/100, from 22 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 TREL-B calculated?
We run Trelleborg AB (publ) through 22 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 312.41, 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. Trelleborg 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 Trelleborg AB (publ) (TREL-B)?
The closing price on Oct 19, 2026 was kr 465.80. Our model-based fair value is kr 312.41, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trelleborg AB (publ) right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 446.18). The favourable scenario is already priced in. A fairly wide model range (kr 225.28 to kr 446.18) leaves room in how you read the outcome.
Where does the earnings growth of Trelleborg AB (publ) (TREL-B) come from?
Earnings per share at Trelleborg AB (publ) grew +6.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.1 %, EBIT margin +3.0 %, tax rate −0.3 %, residual (interest, one-offs) −1.5 %. 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 Trelleborg AB (publ)
How large is the market capitalisation of Trelleborg AB (publ) (TREL-B)?
The market capitalisation of Trelleborg AB (publ) is 104B SEK (≈ $10.5B). 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 Trelleborg AB (publ) (TREL-B)?
The price-to-sales ratio of Trelleborg AB (publ) is 3.00 (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 Trelleborg AB (publ) (TREL-B)?
Earnings per share at Trelleborg AB (publ) are kr 16.87 (price ÷ EPS = P/E 27.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Trelleborg AB (publ) (TREL-B)?
The dividend yield of Trelleborg AB (publ) is 1.7% (payout 44.2%, on adjusted earnings, reported 47.4%). 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 Trelleborg AB (publ) (TREL-B)?
The net margin of Trelleborg AB (publ) is 10.9% (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 Trelleborg AB (publ) (TREL-B)?
The return on equity (ROE) of Trelleborg AB (publ) is 10.2% (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 Trelleborg AB (publ) (TREL-B)?
On an EBIT basis the return on assets of Trelleborg AB (publ) is 9.2% (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 Trelleborg AB (publ) (TREL-B)?
The operating margin of Trelleborg AB (publ) is 17.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trelleborg AB (publ) (TREL-B)?
Revenue at Trelleborg AB (publ) is growing +7.1% versus a year earlier (3y avg +4.5%). 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 Trelleborg AB (publ) (TREL-B)?
Earnings per share at Trelleborg AB (publ) are growing +20.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Trelleborg AB (publ) (TREL-B) carry?
The net debt of Trelleborg AB (publ) is 7.1B SEK (fiscal year 2025, ≈ 1.9 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 13, 2026