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STOCK COMPARISON

Munters Group AB vs Veralto: Fair Value & Quality

Both stocks run through our valuation models. Here is how Munters Group AB (MTRS) and Veralto (VLTO) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Veralto as the less overvalued of the two: Munters Group AB trades at SEK 159 versus a fair value of SEK 48.58 (-69%), while Veralto trades at $97.88 versus $67.62 (-31%).
Munters Group AB
MTRS.ST · SEK · Industrials
-69%
upside to fair value
overvalued
PriceSEK 159
Fair ValueSEK 48.58
Quality50/100
Veralto
VLTO · USD · Industrials
-31%
upside to fair value
overvalued
Price$97.88
Fair Value$67.62
Quality71/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Munters Group ABVeralto
Valuation
63.3×P/E (TTM)23.7×
2.09×P/S (TTM)4.00×
6.26×P/B7.20×
21.7×EV/EBITDA16.2×
PEG2.70×
−69.4%Fair value upside−30.9%
1.0%Dividend yield0.5%
SEK 1.60Dividend per share$0.48
Profitability
8%Operating margin24%
0.87×EBIT margin trend (5Y)1.06×
9%Return on equity36%
4%Return on assets11%
Growth
-4%Revenue growth (YoY)7%
12.3%Avg. growth/yr (3Y)4.2%
16.0%Avg. growth/yr (5Y)4.8%
+13.6%Value creation/yr+3.6%
Balance & size
3.1×Interest coverage (EBIT/interest)13.3×
1.10×Debt / equity0.64×
$3BMarket cap$22B
mixedGrowth qualityhealthy

Veralto leads: 6 to 9 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Munters Group ABof which business quality 48 · market factors 49 Veraltoof which business quality 70 · market factors 55
ProfitabilityMargins and returns on capital today
31
75
Quality GrowthAre margins and returns improving?
25
36
CashflowEarnings quality: real cash, not paper profit
58
73
Fin. StrengthBalance sheet, leverage, solvency risk
34
78
InvestmentDisciplined investing over empire-building
82
72
Low VolatilityCalm price path (market factor)
49
80
MomentumPrice trend over the last 3–12 months (market factor)
44
46
52W MomentumDistance to the 52-week high (market factor)
59
44
Net IssuanceBuybacks instead of dilution
80
77

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyMunters Group ABPrice SEK 159VeraltoPrice $97.88
DCF Models-45%below the priceSEK 88.23-33%below the price$65.58
Earnings-Based-93%below the priceSEK 11.54-52%below the price$47.47
Dividend Discountn/a-93%below the price$6.75
Multiples-74%below the priceSEK 41.43-34%below the price$64.44
Asset-Based-89%below the priceSEK 17.83-91%below the price$8.47
Growth DCF-42%below the priceSEK 91.63-42%below the price$56.57
Economic Profit-77%below the priceSEK 36.60-52%below the price$46.75
Growth Earnings-93%below the priceSEK 10.36-33%below the price$65.88
Minimum-93%below the priceSEK 10.36-93%below the price$6.75
Maximum-42%below the priceSEK 91.63-33%below the price$65.88
Median-77%below the priceSEK 36.60-47%below the price$52.02
Geometric mean-81%below the priceSEK 30.77-65%below the price$34.48

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Munters Group AB: 24 of 24 models see the stock below the current price.

Veralto: 25 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Munters Group AB
Bear SEK 21.04Fair Value SEK 48.58Bull SEK 76.12
SEK 159 = current price (white tick)
Veralto
Bear $46.08Fair Value $67.62Bull $87.04
$97.88 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Munters Group AB · Industrials

Quality score50 · below median
Fair value upside-69% · bottom 25%

Veralto · Industrials

Quality score71 · Top 25%
Fair value upside-31% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Veralto as the less overvalued of the two: Munters Group AB trades at SEK 159 versus a fair value of SEK 48.58 (-69%), while Veralto trades at $97.88 versus $67.62 (-31%).

Veralto has the higher quality score (71/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.