Wallenstam AB (publ) (WALL-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Wallenstam AB (publ) stock SEK 45.50, price SEK 37.74, upside +20.6%, quality 65 out of 100. Rating: undervalued. 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 32.65 – kr 79.24 · fair‑value band kr 30.74 – kr 56.23 · the kr 37.74 price screens below the kr 45.50 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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Wallenstam AB (publ) operates as a property company in Sweden. The company acquires, develops, builds, manages, rents, and sells residential and commercial properties. It's portfolio includes commercial properties and apartments in Stockholm, Gothenburg, and Uppsala.
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The company also owns and operates 53 wind turbines with a total installed output of 112 megawatts. The company was founded in 1944 and is headquartered in Gothenburg, Sweden.
Stock analysis
Wallenstam AB (publ) (WALL-B) currently trades at kr 37.74, while our model-based Fair Value estimate is kr 45.50, implying the stock looks roughly 17.1% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 48.11 per share, and 9 of the 13 models we run sit above the kr 37.74 price.
Bear case: the Multiples group reads lowest at kr 14.67, and 4 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 30.74 (bear) to kr 56.23 (bull), the price of kr 37.74 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 65/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wallenstam AB (publ) reported revenue of 3.3B SEK in FY2025 versus 2.3B SEK in FY2021, a compound +8.9%/yr. Reported net income was 2.6B SEK in FY2025, compounding −14.1%/yr from FY2021.
Key figures
Market cap 24.0B SEK (≈ $2.4B) Mid · P/E ratio 8.8 · P/S ratio 7.29 · EPS (TTM) kr 4.13 · Dividend yield 1.5% · Net margin 80.8% · Return on equity 8.4% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 21%, WALL-B screens cheaper than that median.
Fair Value models
Bearkr 30.74Fair Value kr 45.50Bullkr 56.23
Price kr 37.74 · Upside +20.6%
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 2.87 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.74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.1%
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.
+9.5%
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.
+8.9%
Start year 2020 (pandemic). Over 10 years: +7.7% a year
Revenue growth 21 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.
+5.3%
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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. Basis: EBIT basis.
≈ −11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.3%
Dividend (yield on the price)1.5%
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.−1.3% vs −0.4%, 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.133% → 59%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 179% 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).
+25.3%
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.
+2.8%
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 +22.9% a year for the price and +0.8% 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.Real Estate Services · 524 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+20.6% · Above median
Profitability
Return on equity (12 months)8.4% · Above median
Return on assets3.4% · Above median
Net margin (12 months)80.8% · Top 25%
Operating margin (12 months)57.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.9% · Below median
Dividend yield (12 months)1.5% · Bottom 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Real Estate Services 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). "Wallenstam AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/WALL-B
Frequently asked questions
Is Wallenstam AB (publ) (WALL-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 45.50 versus a price of kr 37.74, about +21% upside (undervalued).
What is the fair value of WALL-B?
Our model-based fair value for Wallenstam AB (publ) is kr 45.50 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 37.74.
What is the quality score of WALL-B?
Wallenstam AB (publ) has a Quality Score of 65/100. 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 Wallenstam AB (publ) (WALL-B)?
Our model-based price target is the fair value of kr 45.50 (as of Oct 13, 2026) from 13 valuation models. Cautious scenario kr 30.74, optimistic scenario kr 56.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Wallenstam AB (publ) stock forecast for 2026?
Our models put fair value at kr 45.50, about +21% upside versus a price of kr 37.74 (undervalued). Cautious scenario kr 30.74, optimistic scenario kr 56.23. The calculation is refreshed regularly with new filings.
What is the revenue of Wallenstam AB (publ) (WALL-B)?
Wallenstam AB (publ) reported trailing-twelve-month revenue of about 3.3B SEK (latest available figure, as of Oct 13, 2026).
Does Wallenstam AB (publ) pay a dividend?
Wallenstam AB (publ) currently shows a dividend yield of 1.46% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Wallenstam AB (publ) (WALL-B)?
For today's price to be fair in a discounted-cash-flow model, Wallenstam AB (publ) would have to grow free cash flow by +25.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.9 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of WALL-B use?
Our models discount Wallenstam AB (publ) at 10.4 %: a base by market capitalisation (mid), damped by beta 1.39, 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 Wallenstam AB (publ) that is +25.3 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Wallenstam AB (publ) (WALL-B) delivered so far?
Over the past 5 years revenue at Wallenstam AB (publ) grew +8.9 % a year. The price currently implies +25.3 % 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 Wallenstam AB (publ) (WALL-B) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Wallenstam AB (publ) (+25.3 % 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 Wallenstam AB (publ) (WALL-B)?
The free-cash-flow yield on the price is 5.75 %: that much free cash flow Wallenstam AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wallenstam AB (publ) (WALL-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wallenstam AB (publ) it is kr 45.50 per share (as of Oct 13, 2026), against a price of kr 37.74. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Wallenstam AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, WALL-B trades below its calculated fair value: price kr 37.74, fair value kr 45.50, a gap of about +21% (undervalued). 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 WALL-B?
No. The price is what the market pays today (kr 37.74); the fair value is what the company's own numbers justify (kr 45.50). For Wallenstam AB (publ) the two are kr 7.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wallenstam AB (publ) worth?
The market values Wallenstam AB (publ) at about 24.0B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 37.74; our models calculate a fair value of kr 45.50 per share.
What do the bullish and bearish scenarios say about WALL-B?
Our models span a range for Wallenstam AB (publ): cautious scenario kr 30.74, base kr 45.50, optimistic kr 56.23 per share (as of Oct 13, 2026, price kr 37.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WALL-B?
Wallenstam AB (publ) trades at a price-to-earnings ratio of 8.8 (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 45.50 is built from several models across several years. Other multiples: PEG 4.2, P/B 0.7, P/S 7.3, EV/EBITDA 13.5.
What is the PEG ratio of WALL-B?
The PEG ratio of Wallenstam AB (publ) is 4.16 (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 Wallenstam AB (publ) (WALL-B)?
Balance-sheet figures for Wallenstam AB (publ) (as of Oct 13, 2026): return on equity 8.4%, debt of 0.09 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is WALL-B from its 52-week high?
Wallenstam AB (publ) trades at kr 37.74, about 17% below its 52-week high of kr 45.43 and 10% above the low of kr 34.24 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 45.50 is for.
Which stocks are comparable to Wallenstam AB (publ)?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, 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 Wallenstam AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 37.74, calculated fair value kr 45.50 (+21%), Quality Score 65/100, from 13 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 WALL-B calculated?
We run Wallenstam AB (publ) through 13 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 45.50, 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. Wallenstam AB (publ) currently trades 17 % below its own fair value, and the market average says nothing about that. 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 Wallenstam AB (publ) (WALL-B)?
The closing price on Oct 20, 2026 was kr 37.74. Our model-based fair value is kr 45.50, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wallenstam AB (publ) right now?
Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 30.74 to kr 56.23) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Wallenstam AB (publ) (WALL-B) come from?
Earnings per share at Wallenstam AB (publ) grew −2.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.1 %, EBIT margin +4.1 %, tax rate +0.5 %, residual (interest, one-offs) −14.0 %. 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 Wallenstam AB (publ)
How large is the market capitalisation of Wallenstam AB (publ) (WALL-B)?
The market capitalisation of Wallenstam AB (publ) is 24.0B SEK (≈ $2.4B). 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 Wallenstam AB (publ) (WALL-B)?
The price-to-sales ratio of Wallenstam AB (publ) is 7.29 (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 Wallenstam AB (publ) (WALL-B)?
Earnings per share at Wallenstam AB (publ) are kr 4.13 (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wallenstam AB (publ) (WALL-B)?
The dividend yield of Wallenstam AB (publ) is 1.5% (payout 13.3%). 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 Wallenstam AB (publ) (WALL-B)?
The net margin of Wallenstam AB (publ) is 80.8% (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 Wallenstam AB (publ) (WALL-B)?
The return on equity (ROE) of Wallenstam AB (publ) is 8.4% (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 Wallenstam AB (publ) (WALL-B)?
On an EBIT basis the return on assets of Wallenstam AB (publ) is 1.7% (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 Wallenstam AB (publ) (WALL-B)?
The operating margin of Wallenstam AB (publ) is 57.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wallenstam AB (publ) (WALL-B)?
Revenue at Wallenstam AB (publ) is growing +0.9% versus a year earlier (3y avg +9.5%). 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 Wallenstam AB (publ) (WALL-B)?
Earnings per share at Wallenstam AB (publ) are growing −20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wallenstam AB (publ) (WALL-B) carry?
The net debt of Wallenstam AB (publ) is 34.4B SEK (fiscal year 2025, ≈ 24.9 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