Fastighets AB Trianon (publ) (TRIAN-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Fastighets AB Trianon (publ) stock SEK 15.62, price SEK 15.85, upside -1.5%, quality 61 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 13.12 – kr 68.14 · fair‑value band kr 3.12 – kr 23.22 · the kr 15.85 price screens above the kr 15.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
Follow Fastighets AB Trianon (publ) in your weekly email
Every Wednesday you see whether Fastighets AB Trianon (publ) is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Fastighets AB Trianon (publ), a real estate company, owns, builds, develops, and manages residential and commercial properties in Sweden. The company operates through two segments: Residential and Community/Commercial.
Show moreShow less
It offers housing, retail, office, and public sector/community properties, as well as garage and parking spaces. The company was incorporated in 1973 and is based in Malmö, Sweden.
Stock analysis
Fastighets AB Trianon (publ) (TRIAN-B) currently trades at kr 15.85, while our model-based Fair Value estimate is kr 15.62, so the stock looks roughly fairly valued today (gap 1.5%).
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of kr 18.38 per share, and 4 of the 13 models we run sit above the kr 15.85 price.
Bear case: the Growth DCF group reads lowest at kr 9.87, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 3.12 (bear) to kr 23.22 (bull), the price of kr 15.85 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 61/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Fastighets AB Trianon (publ) reported revenue of 793M SEK in FY2025 versus 618M SEK in FY2021, a compound +6.4%/yr. Reported net income was 309M SEK in FY2025, compounding −30.3%/yr from FY2021.
Key figures
Market cap 2.9B SEK (≈ $295M) Micro · P/E ratio 9.9 · P/S ratio 3.60 · EPS (TTM) kr 1.60 · Dividend yield 1.6% · Net margin 36.9% · Return on equity 5.7% · Return on assets (EBIT) 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −50% fair-value upside, at −1%, TRIAN-B screens cheaper than that median.
Fair Value models
Bearkr 3.12Fair Value kr 15.62Bullkr 23.22
Price kr 15.85 · Upside -1.5%
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 1.08 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.6%
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.
+0.6%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +19.2% a year
Revenue growth 12 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.
+18.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis.
≈ −13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.1%
Dividend (yield on the price)1.6%
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.−14.1% vs 3.0%, slowing
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.147% → 57%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 65% above its own trend.
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).
+36.4%
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.
+5.0%
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 +33.7% a year for the price and +2.9% for the forecasts.
Compare Fastighets AB Trianon (publ) with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Real Estate - Diversified · 132 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−1.5% · Below median
Profitability
Return on equity (12 months)5.7% · Above median
Return on assets2.3% · Above median
Net margin (12 months)36.9% · Top 25%
Operating margin (12 months)61.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.6% · Above median
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity0.70× · Above median
Valuation Multiplesvs Real Estate - Diversified 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). "Fastighets AB Trianon (publ) Fair Value". https://www.fairvalue-calculator.com/stock/TRIAN-B
Frequently asked questions
Is Fastighets AB Trianon (publ) (TRIAN-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 15.62 versus a price of kr 15.85, about −1% upside (fairly valued).
What is the fair value of TRIAN-B?
Our model-based fair value for Fastighets AB Trianon (publ) is kr 15.62 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 15.85.
What is the quality score of TRIAN-B?
Fastighets AB Trianon (publ) has a Quality Score of 61/100. 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 Fastighets AB Trianon (publ) (TRIAN-B)?
Our model-based price target is the fair value of kr 15.62 (as of Oct 13, 2026) from 14 valuation models. Cautious scenario kr 3.12, optimistic scenario kr 23.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Fastighets AB Trianon (publ) stock forecast for 2026?
Our models put fair value at kr 15.62, about −1% upside versus a price of kr 15.85 (fairly valued). Cautious scenario kr 3.12, optimistic scenario kr 23.22. The calculation is refreshed regularly with new filings.
What is the revenue of Fastighets AB Trianon (publ) (TRIAN-B)?
Fastighets AB Trianon (publ) reported trailing-twelve-month revenue of about 813M SEK (latest available figure, as of Oct 13, 2026).
Does Fastighets AB Trianon (publ) pay a dividend?
Fastighets AB Trianon (publ) currently shows a dividend yield of 1.58% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Fastighets AB Trianon (publ) (TRIAN-B)?
For today's price to be fair in a discounted-cash-flow model, Fastighets AB Trianon (publ) would have to grow free cash flow by +36.4 % per year for five years (discount rate 13.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.5 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of TRIAN-B use?
Our models discount Fastighets AB Trianon (publ) at 13.8 %: a base by market capitalisation (micro), damped by beta 1.41, 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 Fastighets AB Trianon (publ) that is +36.4 % per year a year over ten years, using the same discount rate (13.8 %) and the same formula as our fair value.
How much growth has Fastighets AB Trianon (publ) (TRIAN-B) delivered so far?
Over the past 5 years revenue at Fastighets AB Trianon (publ) grew +7.5 % a year. The price currently implies +36.4 % 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 Fastighets AB Trianon (publ) (TRIAN-B) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Fastighets AB Trianon (publ) (+36.4 % 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 Fastighets AB Trianon (publ) (TRIAN-B)?
The free-cash-flow yield on the price is 7.15 %: that much free cash flow Fastighets AB Trianon (publ) produces per unit of market value. When it exceeds the discount rate of our models (13.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fastighets AB Trianon (publ) (TRIAN-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fastighets AB Trianon (publ) it is kr 15.62 per share (as of Oct 13, 2026), against a price of kr 15.85. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Fastighets AB Trianon (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, TRIAN-B trades above its calculated fair value: price kr 15.85, fair value kr 15.62, a gap of about −1% (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 TRIAN-B?
No. The price is what the market pays today (kr 15.85); the fair value is what the company's own numbers justify (kr 15.62). For Fastighets AB Trianon (publ) the two are kr 0.2300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fastighets AB Trianon (publ) worth?
The market values Fastighets AB Trianon (publ) at about 2.9B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 15.85; our models calculate a fair value of kr 15.62 per share.
What do the bullish and bearish scenarios say about TRIAN-B?
Our models span a range for Fastighets AB Trianon (publ): cautious scenario kr 3.12, base kr 15.62, optimistic kr 23.22 per share (as of Oct 13, 2026, price kr 15.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRIAN-B?
Fastighets AB Trianon (publ) trades at a price-to-earnings ratio of 9.9 (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 15.62 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 17.4 (reported for FY2025: 9.5). Other multiples: P/B 0.6, P/S 3.6, EV/EBITDA 14.0.
How solid is the balance sheet of Fastighets AB Trianon (publ) (TRIAN-B)?
Balance-sheet figures for Fastighets AB Trianon (publ) (as of Oct 13, 2026): return on equity 5.7%, debt of 0.70 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is TRIAN-B from its 52-week high?
Fastighets AB Trianon (publ) trades at kr 15.85, about 22% below its 52-week high of kr 20.27 and 3% above the low of kr 15.35 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 15.62 is for.
Which stocks are comparable to Fastighets AB Trianon (publ)?
From the same area (Real Estate) we also value Swiss Prime Site AG, The Phoenix Mills Limited, Prestige Estates Projects Limited, Umm Al Qura for Development and Construction 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 Fastighets AB Trianon (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 15.85, calculated fair value kr 15.62 (−1%), Quality Score 61/100, from 14 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 TRIAN-B calculated?
We run Fastighets AB Trianon (publ) through 14 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 15.62, 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. Fastighets AB Trianon (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 Fastighets AB Trianon (publ) (TRIAN-B)?
The closing price on Oct 19, 2026 was kr 15.85. Our model-based fair value is kr 15.62, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fastighets AB Trianon (publ) right now?
The model range is unusually wide (kr 3.12 to kr 23.22). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Fastighets AB Trianon (publ) (TRIAN-B) come from?
Earnings per share at Fastighets AB Trianon (publ) grew −1.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.0 %, EBIT margin −0.8 %, tax rate −0.5 %, residual (interest, one-offs) −13.0 %. 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 Fastighets AB Trianon (publ)
How large is the market capitalisation of Fastighets AB Trianon (publ) (TRIAN-B)?
The market capitalisation of Fastighets AB Trianon (publ) is 2.9B SEK (≈ $295M). 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 Fastighets AB Trianon (publ) (TRIAN-B)?
The price-to-sales ratio of Fastighets AB Trianon (publ) is 3.60 (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 Fastighets AB Trianon (publ) (TRIAN-B)?
Earnings per share at Fastighets AB Trianon (publ) are kr 1.60 (price ÷ EPS = P/E 9.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fastighets AB Trianon (publ) (TRIAN-B)?
The dividend yield of Fastighets AB Trianon (publ) is 1.6% (payout 28.6%, on adjusted earnings, reported 15.6%). 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 Fastighets AB Trianon (publ) (TRIAN-B)?
The net margin of Fastighets AB Trianon (publ) is 36.9% (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 Fastighets AB Trianon (publ) (TRIAN-B)?
The return on equity (ROE) of Fastighets AB Trianon (publ) is 5.7% (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 Fastighets AB Trianon (publ) (TRIAN-B)?
On an EBIT basis the return on assets of Fastighets AB Trianon (publ) is 4.7% (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 Fastighets AB Trianon (publ) (TRIAN-B)?
The operating margin of Fastighets AB Trianon (publ) is 61.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fastighets AB Trianon (publ) (TRIAN-B)?
Revenue at Fastighets AB Trianon (publ) is growing +8.6% versus a year earlier (3y avg +0.6%). 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 Fastighets AB Trianon (publ) (TRIAN-B)?
Earnings per share at Fastighets AB Trianon (publ) are growing −5.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fastighets AB Trianon (publ) (TRIAN-B) carry?
The net debt of Fastighets AB Trianon (publ) is 7.1B SEK (fiscal year 2025, ≈ 34.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Fastighets AB Trianon (publ) in the live analysis
One click puts Fastighets AB Trianon (publ) on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Broad data
Oct 13, 2026