Epiroc AB (EPI-A) Fair Value & Analysis
Industrials · SE · Market cap 302B SEK (≈ $31.7B) · ISIN SE0015658109
What is Epiroc AB really worth?
A solid business, but trading 82% above our fair value of kr 144.14.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 8 days ago
Share price +3.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (kr 186.63). The favourable scenario is already priced in.
- A fairly wide model range (kr 88.01 to kr 186.63) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 139.03 – kr 278.20 · fair‑value band kr 88.01 – kr 186.63 · the kr 262.30 price screens above the kr 144.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Epiroc AB (EPI-A) currently trades at kr 262.30, while our model-based Fair Value estimate is kr 144.14, implying the stock looks roughly 82.0% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 149.56 per share, and 0 of the 24 models we run sit above the kr 262.30 price. Bear case: the Asset-Based group reads lowest at kr 23.40, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Epiroc AB generated revenue of 60.8B SEK at a net margin of 14.0%. Revenue declined 7.6% year over year. It earns a return on equity of 19.3%. Net debt stands at 11.4B SEK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 88.01 (bear case) to kr 186.63 (bull case); at kr 262.30, 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 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 4% fair-value upside, at −45%, EPI-A screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 2.19 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (kr 149.56) versus Asset-Based (kr 23.40). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 58
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India. It operates in two segments, Equipment & Service, and Tools & Attachments.
Full company description
Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India. It operates in two segments, Equipment & Service, and Tools & Attachments. The Equipment & Service segment offers equipment and solutions for rock drilling, rock excavation, rock reinforcement, loading and haulage, and ventilation systems; drilling equipment for exploration, and water and energy; and related spare parts and services for the mining and infrastructure industries. This segment also provides digital solutions, such as connectivity, collision avoidance systems, automation, and mine planning, as well as electrification. Its Tools & Attachments segment offers rock drilling tools, including tophammer, COPROD, down-the hole, rotary and raiseboring; drill string components comprising bits, rods, pipes, shanks, hammers, and other products; rock reinforcement tools, such as rock bolts, mesh, and accessories; and exploration drilling tools. This segment also provides hydraulic breakers, shears and pulverizers, concrete cutters and busters, quick couplers and thumbs, drum cutters, excavator grapples, excavator magnets, and crusher and screening buckets; ground engaging tools, including teeth, lip shrouds, and protective shrouds; and digital solutions for monitoring, optimization, loss detection and analytics. In addition, the company offers aftermarket services, such as replacement parts and kits, service agreements and audits, circular services, and custom-engineered solutions, as well as component remanufacturing, midlife upgrades, cost-per-meter contracts, and conversion kits. The company has a strategic collaboration with Sany Group Company Limited for the development of equipment and technology for mining applications. Epiroc AB (publ) was founded in 1873 and is headquartered in Nacka, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Epiroc AB reported revenue of 62.0B SEK in FY2025 versus 39.6B SEK in FY2021, a compound +11.8%/yr. Reported net income was 8.6B SEK in FY2025, compounding +5.1%/yr from FY2021.
of which total revenue +9.9 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
EPI-A screens 82% overvalued. Compare with Caterpillar Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Epiroc secures underground equipment order from MMG
- Rajant and Epiroc Mexico Announce Strategic Partnership to Advance Connected Mining Operations Across Mexico
- Epiroc AB (EPIAF) Q2 2026 Earnings Call Highlights: Strong Organic Growth and Strategic Advancements
- Epiroc and Ericsson team up to boost 5G connectivity in mining
Peer Group
Farm & Heavy Construction Machinery · 150 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.
Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper
Strength profile in five axes (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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CAT | $800.25 | $307.83 | −62% |
| Deere & Company DE | $622.66 | $182.29 | −71% |
| AB Volvo (publ), VOLVA | kr 351.40 | kr 288.08 | −18% |
| PACCAR Inc PCAR | $122.45 | $94.80 | −23% |
| Daimler Truck Holding DTG | €45.73 | €47.70 | +4% |
| Exor N.V EXO | €72.10 | €123.44 | +71% |
| Sany Heavy Industry Co 600031 | ¥19.06 | ¥20.84 | +9% |
| Traton SE 8TRA | €37.78 | €52.60 | +39% |
| Metso Oyj METSO | €16.75 | €10.73 | −36% |
| XCMG Construction Machinery Co 000425 | ¥8.11 | ¥11.79 | +45% |
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