Troax Group AB (TROAX) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Troax Group AB SEK 144, price SEK 152, upside -5.3%, quality 46 out of 100. 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 1, 2026.
How to read this chart
60‑month range kr 89.83 – kr 423.00 · fair‑value band kr 96.15 – kr 180.23 · the kr 152.20 price screens above the kr 144.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Troax Group AB (publ), through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Europe, and internationally.
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The company offers machine guarding systems, including fixings, posts, panels, accessories, barrier protection, locks and switches, doors, quickguard aluminum, blueguard stainless steel, and belt conveyor guarding products, as well as smart fix, rapid fix, and strong fix systems; warehouse partitioning products, such as partition walls, anti-collapse systems, data centers, shelves, mezzanine, cage storages, single and double locker systems, and art storages; and warehouse partitioning system accessories that include raising and end raising foot UR/UX, corner bracket, cut profiles UR/UX, smart splice, tubes, extension bracket, power door, door closer partitioning, espagnolette, bracket double post, horizontal top panels, and secure fasteners.
It also provides lock options comprising padlocks, cylinder locks electric strike, electromagnetic locks, panic bars, knobs and handles, Abloy EL460, and safe escape locks; Troax Classic mesh partitions; Troax Medium mesh partition systems; Troax Safe storage systems; vehicle and bicycle storage systems; and property protection accessories, including chipboard shelf, store room numbering, door system holder numberplate, door system kit silence, spare parts securing plates, door reinforcement, and door closers.
In addition, the company offers active safety solutions that include pedestrian alert, visual alert, and narrow aisle systems; forklift safety systems comprising collision avoidance, low-speed area, blind spot, and crossing guard systems; traffic control and pedestrian crossing systems; and docking safety solutions, such as truck docking and visual alert systems.
Troax Group AB (publ) was founded in 1955 and is headquartered in Hillerstorp, Sweden.
Stock analysis
Troax Group AB (TROAX) currently trades at kr 152.20, while our model-based Fair Value estimate is kr 144.19, so the stock looks roughly fairly valued today (gap 5.6%).
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 58.80 per share, and 0 of the 26 models we run sit above the kr 152.20 price.
Bear case: the Economic Profit group reads lowest at kr 18.04, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 96.15 (bear) to kr 180.23 (bull), the price of kr 152.20 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 46/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Troax Group AB reported revenue of €267M in FY2025 versus €252M in FY2021, a compound +1.5%/yr. Reported net income was €13.8M in FY2025, compounding −23.3%/yr from FY2021.
Key figures
Market cap 9.1B SEK (≈ $915M) · P/E ratio 338.2 · P/S ratio 17.4 · EPS (TTM) kr 0.4500 · Dividend yield 0.2% · Net margin 5.1% · Return on equity 1.5% · Return on assets (EBIT) 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −57% fair-value upside, at −5%, TROAX screens cheaper than that median.
Fair Value models
Bearkr 96.15Fair Value kr 144.19Bullkr 180.23
Price kr 152.20 · Upside -5.3%
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.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.
Best data coverage
FCF DCFkr 47.53kr 78.85kr 122.3979
Growth DCFkr 47.53kr 76.82kr 115.9377
Residual Incomekr 26.06kr 27.46kr 29.9276
All 26 models by family
DCF Models
FCF DCFkr 47.53kr 78.85kr 122.3979
Owner Earningskr 11.53kr 24.56kr 42.6873
5Y Revenue Exitkr 33.16kr 57.86kr 89.1771
5Y EBITDA Exitkr 59.64kr 108.81kr 167.2474
5Y P/E Exitkr 31.96kr 55.55kr 80.4270
10Y Revenue Exitkr 37.23kr 60.29kr 91.2666
10Y EBITDA Exitkr 53.89kr 93.12kr 147.1567
10Y P/E Exitkr 37.57kr 58.80kr 85.0063
Earnings-Based
Graham-Doddkr 17.47kr 62.29kr 83.8964
Lynch FVkr 14.66kr 20.94kr 27.2261
PEG = 1.0kr 14.66kr 20.94kr 27.2257
EPVkr 14.18kr 18.04kr 21.2674
Dividend Discount
Gordon GGMkr 29.53kr 53.21kr 73.2468
DDM Multi-Stagekr 29.53kr 48.60kr 56.8467
Multiples
P/E Multiplekr 40.46kr 53.94kr 67.4363
P/S Multiplekr 32.75kr 43.67kr 54.5958
P/B Multiplekr 32.75kr 43.67kr 54.5955
EV/EBITkr 41.67kr 60.27kr 78.8765
EV/EBITDAkr 77.33kr 107.82kr 138.3067
EV/Revenuekr 25.69kr 42.76kr 59.8352
Asset-Based
NCAV (Graham)kr 16.51kr 22.12kr 33.0254
Growth DCF
Growth DCFkr 47.53kr 76.82kr 115.9377
Rev-Margin DCFkr 33.16kr 58.27kr 88.4171
Economic Profit
Residual Incomekr 26.06kr 27.46kr 29.9276
ROIC Compounderkr 14.18kr 18.04kr 21.2672
Growth Earnings
Growth-Adj P/Ekr 28.12kr 40.17kr 52.2267
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.0%
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.
−2.0%
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.
+10.3%
Start year 2020 (pandemic). Over 10 years: +9.9% a year
Revenue growth 14 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.
+11.1%
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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.
−10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.8%
Dividend (yield on the price)0.2%
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.−10.8% vs −0.6%, 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.19% → 9%
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).
+23.3%
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.
+9.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +20.7% a year for the price and +7.5% for the forecasts.
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.Metal Fabrication · 255 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−5.3% · Above median
Profitability
Return on equity (12 months)1.5% · Below median
Return on assets3.5% · Above median
Net margin (12 months)0.9% · Below median
Operating margin (12 months)9.2% · Above median
Growth and dividend
Revenue growth22.6% · Above median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Metal Fabrication 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). "Troax Group AB Fair Value". https://www.fairvalue-calculator.com/stock/TROAX
Frequently asked questions
Is Troax Group AB (TROAX) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of kr 144.19 versus a price of kr 152.20, about −5% upside (fairly valued).
What is the fair value of TROAX?
Our model-based fair value for Troax Group AB is kr 144.19 (as of Oct 1, 2026), built from audited fundamentals. The current price: kr 152.20.
What is the quality score of TROAX?
Troax Group AB has a Quality Score of 46/100. 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 Troax Group AB (TROAX)?
Our model-based price target is the fair value of kr 144.19 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario kr 96.15, optimistic scenario kr 180.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Troax Group AB stock forecast for 2026?
Our models put fair value at kr 144.19, about −5% upside versus a price of kr 152.20 (fairly valued). Cautious scenario kr 96.15, optimistic scenario kr 180.23. The calculation is refreshed regularly with new filings.
What is the revenue of Troax Group AB (TROAX)?
Troax Group AB reported trailing-twelve-month revenue of about €281M (latest available figure, as of Oct 1, 2026).
Does Troax Group AB pay a dividend?
Troax Group AB currently shows a dividend yield of about 0.16% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Troax Group AB (TROAX)?
For today's price to be fair in a discounted-cash-flow model, Troax Group AB would have to grow free cash flow by +23.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.3 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of TROAX use?
Our models discount Troax Group AB at 11.6 %: a base by market capitalisation (small), damped by beta 1.22, 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 Troax Group AB that is +23.3 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Troax Group AB (TROAX) delivered so far?
Over the past 5 years revenue at Troax Group AB grew +10.3 % a year. The price currently implies +23.3 % 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 Troax Group AB (TROAX) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Troax Group AB (+23.3 % 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 Troax Group AB (TROAX)?
The free-cash-flow yield on the price is 3.69 %: that much free cash flow Troax Group AB produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Troax Group AB (TROAX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Troax Group AB it is kr 144.19 per share (as of Oct 1, 2026), against a price of kr 152.20. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Troax Group AB stock overvalued or undervalued in 2026?
As of Oct 1, 2026, TROAX trades above its calculated fair value: price kr 152.20, fair value kr 144.19, a gap of about −5% (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 TROAX?
No. The price is what the market pays today (kr 152.20); the fair value is what the company's own numbers justify (kr 144.19). For Troax Group AB the two are kr 8.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Troax Group AB worth?
The market values Troax Group AB at about 9.1B SEK (market capitalisation, as of Oct 1, 2026). Per share that is kr 152.20; our models calculate a fair value of kr 144.19 per share.
What do the bullish and bearish scenarios say about TROAX?
Our models span a range for Troax Group AB: cautious scenario kr 96.15, base kr 144.19, optimistic kr 180.23 per share (as of Oct 1, 2026, price kr 152.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TROAX?
Troax Group AB trades at a price-to-earnings ratio of 338.2 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 144.19 is built from several models across several years. Other multiples: P/B 4.6, P/S 2.9, EV/EBITDA 19.9.
How solid is the balance sheet of Troax Group AB (TROAX)?
Balance-sheet figures for Troax Group AB (as of Oct 1, 2026): return on equity 1.5%, debt of 0.65 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is TROAX from its 52-week high?
Troax Group AB trades at kr 152.20, about 4% below its 52-week high of kr 158.20 and 69% above the low of kr 89.83 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of kr 144.19 is for.
Which stocks are comparable to Troax Group AB?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 Troax Group AB stock attractive at the current price?
The data as of Oct 1, 2026: price kr 152.20, calculated fair value kr 144.19 (−5%), Quality Score 46/100, from 26 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 TROAX calculated?
We run Troax Group AB through 26 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 144.19, 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 14.7 % above its aggregate fair value. Troax Group AB 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 Troax Group AB (TROAX)?
The closing price on Oct 14, 2026 was kr 152.20. Our model-based fair value is kr 144.19, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Troax Group AB right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 96.15 to kr 180.23) leaves room in how you read the outcome.
Where does the earnings growth of Troax Group AB (TROAX) come from?
Earnings per share at Troax Group AB grew +8.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.0 %, EBIT margin −3.5 %, tax rate −0.2 %, residual (interest, one-offs) +1.3 %. 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 Troax Group AB
How large is the market capitalisation of Troax Group AB (TROAX)?
The market capitalisation of Troax Group AB is 9.1B SEK (≈ $915M). 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 Troax Group AB (TROAX)?
The price-to-sales ratio of Troax Group AB is 17.4 (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 Troax Group AB (TROAX)?
Earnings per share at Troax Group AB are kr 0.4500 (price ÷ EPS = P/E 338.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Troax Group AB (TROAX)?
The dividend yield of Troax Group AB is 0.2% (payout 53.3%). 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 Troax Group AB (TROAX)?
The net margin of Troax Group AB is 5.1% (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 Troax Group AB (TROAX)?
The return on equity (ROE) of Troax Group AB is 1.5% (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 Troax Group AB (TROAX)?
On an EBIT basis the return on assets of Troax Group AB is 14.0% (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 Troax Group AB (TROAX)?
The operating margin of Troax Group AB is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Troax Group AB (TROAX)?
Revenue at Troax Group AB is growing +22.6% versus a year earlier (3y avg −2.0%). 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 Troax Group AB (TROAX)?
Earnings per share at Troax Group AB are growing −66.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Troax Group AB (TROAX) carry?
The net debt of Troax Group AB is €103M (fiscal year 2025, ≈ 3.5 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 1, 2026