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ASSA ABLOY AB (ASSA-B) Fair Value & Analysis

Industrials · SE · Market cap 387B SEK

AA ASSA ABLOY AB ASSA-B · ST
Pricekr 360.50
Fair Valuekr 269.97
Upside-25.1%
Quality64/100
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Healthy Growth
Solidly profitable · 10.8% net margin
Low debt · generates free cash flow
1.93% dividend yield
Mixed vs. peers (6/15)
Wide moat 67/100
Evidence: High Range kr 180.23 – kr 353.80 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Share price +9.6% over the past month.

A solid business, but screening 25% overvalued on our models.

What matters now

  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 180.23 to kr 353.80) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 391.10 kr 189.30 Fair Value kr 269.97 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 189.30 – kr 391.10 · fair‑value band kr 180.23 – kr 353.80 · the kr 360.50 price screens above the kr 269.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ASSA ABLOY AB (ASSA-B) currently trades at kr 360.50, while our model-based Fair Value estimate is kr 269.97, implying the stock looks roughly 25.1% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ASSA ABLOY AB generated revenue of 150B SEK at a net margin of 10.5%. Revenue declined 5.8% year over year. It earns a return on equity of 15.1%. Net debt stands at 68.9B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 180.23 (bear case) to kr 353.80 (bull case); at kr 360.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at -25%, ASSA-B screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF kr 188.04 kr 351.68 kr 634.59 80
Residual Income kr 97.02 kr 127.76 kr 359.76 76
Rev-Margin DCF kr 110.94 kr 200.99 kr 311.98 74
All 24 models by family
DCF Models
FCF DCF kr 186.27 kr 353.74 kr 641.22 38
Owner Earnings kr 178.59 kr 340.46 kr 618.32 31
5Y Revenue Exit kr 110.94 kr 200.63 kr 316.65 39
5Y EBITDA Exit kr 185.93 kr 348.51 kr 545.44 41
5Y P/E Exit kr 172.82 kr 322.66 kr 487.03 38
10Y Revenue Exit kr 130.18 kr 222.44 kr 351.83 36
10Y EBITDA Exit kr 184.25 kr 330.56 kr 539.60 37
10Y P/E Exit kr 175.51 kr 311.66 kr 491.66 35
Earnings-Based
Graham-Dodd kr 94.91 kr 372.58 kr 505.74 54
Lynch FV kr 91.84 kr 131.20 kr 170.56 50
PEG = 1.0 kr 91.84 kr 131.20 kr 170.56 46
EPV kr 130.28 kr 160.83 kr 187.99 59
Multiples
P/E Multiple kr 230.30 kr 307.07 kr 383.84 63
P/S Multiple kr 130.23 kr 173.64 kr 217.06 58
P/B Multiple kr 177.96 kr 237.28 kr 296.60 55
EV/EBIT kr 256.44 kr 356.21 kr 455.98 53
EV/EBITDA kr 208.63 kr 292.47 kr 376.30 54
EV/Revenue kr 78.68 kr 130.77 kr 182.87 43
Asset-Based
NCAV (Graham) kr 48.23 kr 64.63 kr 96.46 50
Growth DCF
Growth DCF kr 188.04 kr 351.68 kr 634.59 80
Rev-Margin DCF kr 110.94 kr 200.99 kr 311.98 74
Economic Profit
Residual Income kr 97.02 kr 127.76 kr 359.76 76
ROIC Compounder kr 143.07 kr 209.75 kr 303.39 72
Growth Earnings
Growth-Adj P/E kr 168.27 kr 240.39 kr 312.50 68

Widest divergence: DCF Models (kr 322.66) versus Asset-Based (kr 64.63). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 151B SEK
Revenue growth (YoY) +3.3%
Net margin 10.8%
Return on equity 15.6%
Free cash flow 18.8B SEK FY2025
P/E ratio 24.5 as of Jul 20, 2026
More key figures
Operating margin 16.9%
EPS (TTM) kr 14.21
Dividend yield 1.9%
EPS growth (YoY) +15.9%
Net debt 68.9B SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 56

Profitability 52
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ASSA ABLOY AB (publ) provides door opening and access products for the institutional, commercial, and residential markets. It operates through Europe, the Middle East, India, and Africa (EMEIA); North and South America (Americas); Asia and Oceania (Asia Pacific); Global Technologies; and Entrance Systems divisions.

Full company description

ASSA ABLOY AB (publ) provides door opening and access products for the institutional, commercial, and residential markets. It operates through Europe, the Middle East, India, and Africa (EMEIA); North and South America (Americas); Asia and Oceania (Asia Pacific); Global Technologies; and Entrance Systems divisions. The company offers digital access solutions, such as electronic access control ecosystem, wireless and keyed access solutions, and standalone access and electrochemical solutions; swing, revolving, and sliding doors; hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor springs, pull handles, and general hardware; wooden and steel doors; and security entrance control and loading dock equipment. It also provides repair and maintenance, and digital services; building specification; and educational program and training services. In addition, the company's technology platforms for hi-tech door and entrance environments include Aperio, CLIQ, Hi-O, Incedo, and Seos. Further, it provides Openings Studio, a building information modeling software that integrates with design software to create and visualize openings for door, frame, and hardware specifications. The company offers its products under the ASSA ABLOY, Yale, ABLOY, Vachette, TESA, Kwikset, Baldwin, Weiser, Sargent, Curries, Norton Rixson, Papaiz, Odis, Philips, PanPan, Gateman, Lockwood, and HID brands. It sells its products through distributors and wholesalers. The company serves aviation, education, distribution and logistics, entertainment and public facilities, finance and banking, government and military, healthcare, hospitality, industry and manufacturing, mining, office and enterprise, residential, retail, shipyards, and transportation, hospitality, heavy, construction, critical infrastructure, key and asset management, marine, self-storage, and senior care industries. ASSA ABLOY AB (publ) was founded in 1881 and is based in Stockholm, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASSA ABLOY AB reported revenue of kr 152B in FY2025 versus kr 95.0B in FY2021, a compound +12.5%/yr. Reported net income was kr 14.7B in FY2025, compounding +7.8%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
152B SEK
Latest YoY
+1.5%
Avg. growth/yr (3Y) 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.
+8.1%
Avg. growth/yr (5Y) 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.
+11.7%
Avg. growth/yr (29Y) 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.
+12.5%
Revenue +12.5%/yr
FY21 kr 95.0B
FY22 kr 121B
FY23 kr 141B
FY24 kr 150B
FY25 kr 152B
Net income +7.8%/yr
FY21 kr 10.9B
FY22 kr 13.3B
FY23 kr 13.6B
FY24 kr 15.6B
FY25 kr 14.7B
Character of growth · EPS growth decomposed (2014-2025) +8.7 % p.a.
Revenue per share +9.5 pp

of which total revenue +9.5 pp · buybacks/dilution +0.0 pp

EBIT margin +0.3 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ASSA-B screens 25% overvalued. Compare with Verisure plc →

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Cite: Fair Value Calculator (2026). "ASSA ABLOY AB Fair Value". https://www.fairvalue-calculator.com/stock/ASSA-B

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Security & Protection Services · 113 stocks

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.

Quality Score 64 · Above median
Fair Value upside −25% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 24.5× · Pricier than median
P/B 3.81× · Pricier than 75% of peers
P/S (TTM) 2.56× · Pricier than 75% of peers
P/FCF 2.2× · Cheaper than median
EV/EBITDA 14.9× · Pricier than median
PEG 1.57× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 30
FUTURE 17 · sector 38
PAST 62 · sector 19
HEALTH 77 · sector 99
DIVIDEND 39 · sector 49

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Verisure plc VSURE €9.33 €12.40 +33%
Allegion plc ALLE $166.11 $127.80 -23%
Securitas AB SECUB kr 147.90 kr 186.34 +26%
Zhejiang Dahua Technology Co 002236 ¥16.46 ¥31.47 +91%
MSA Safety Incorporated MSA $192.04 $116.42 -39%
ADT Inc ADT $7.31 $16.68 +128%
The Brink's Company BCO $113.96 $121.18 +6%
Brady Corporation BRC $95.12 $72.32 -24%
The GEO Group GEO $31.45 $25.50 -19%
Loomis AB LOOMIS kr 512.00 kr 496.43 -3%

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Frequently asked questions

Is ASSA ABLOY AB (ASSA-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 269.97 versus a price of kr 360.50, about −25% (overvalued).
What is the fair value of ASSA-B?
Our model-based fair value for ASSA ABLOY AB is kr 269.97 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 360.50.
What is the quality score of ASSA-B?
ASSA ABLOY AB has a Quality Score of 64/100. 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 revenue of ASSA ABLOY AB (ASSA-B)?
ASSA ABLOY AB reported trailing-twelve-month revenue of about 150B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ASSA-B?
The net profit margin of ASSA ABLOY AB is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does ASSA ABLOY AB pay a dividend?
ASSA ABLOY AB currently shows a dividend yield of about 1.96% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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