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Lagercrantz Group (LAGR-B) Fair Value & Analysis

Industrials · SE · Market cap 50.0B SEK

LG Lagercrantz Group LAGR-B · ST
Pricekr 229.80
Fair Valuekr 128.32
Upside-44.2%
Quality65/100
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Healthy Growth
Solidly profitable · 11.3% net margin
Moderate debt · generates free cash flow
1.03% dividend yield
Mixed vs. peers (6/15)
Wide moat 68/100
Evidence: High Range kr 67.59 – kr 211.01 Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated today

Fair value updated Aug 13, 2026, revised from kr 101.65 to kr 128.32 (+26.2%) since Jul 16, 2026. Share price −5.2% over the past month.

A solid business, but screening 44% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 211.01). The favourable scenario is already priced in.
  • The model range is unusually wide (kr 67.59 to kr 211.01). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 265.60 kr 75.92 Fair Value kr 128.32 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 75.92 – kr 265.60 · fair‑value band kr 67.59 – kr 211.01 · the kr 229.80 price screens above the kr 128.32 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Lagercrantz Group (LAGR-B) currently trades at kr 229.80, while our model-based Fair Value estimate is kr 128.32, implying the stock looks roughly 44.2% overvalued today. The Quality Score stands at 65/100 (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, Lagercrantz Group generated revenue of 10.6B SEK at a net margin of 11.3%. Revenue grew 12.9% year over year. It earns a return on equity of 29.0%. Net debt stands at 4.2B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 67.59 (bear case) to kr 211.01 (bull case); at kr 229.80, 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 14% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at -44%, LAGR-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 65.64 kr 127.83 kr 232.87 80
Residual Income kr 41.47 kr 56.60 kr 355.53 76
Rev-Margin DCF kr 54.63 kr 106.60 kr 173.53 74
All 11 models by family
DCF Models
Owner Earnings kr 84.95 kr 167.52 kr 310.58 31
5Y P/E Exit kr 69.21 kr 137.70 kr 215.80 38
10Y P/E Exit kr 67.48 kr 129.18 kr 216.13 35
Earnings-Based
Graham-Dodd kr 41.55 kr 190.71 kr 261.78 54
Lynch FV kr 50.09 kr 71.55 kr 93.02 50
Multiples
P/E Multiple kr 96.24 kr 128.32 kr 160.40 63
P/B Multiple kr 76.24 kr 101.65 kr 127.06 55
Asset-Based
NCAV (Graham) kr 11.29 kr 15.13 kr 22.59 50
Growth DCF
Growth DCF kr 65.64 kr 127.83 kr 232.87 80
Rev-Margin DCF kr 54.63 kr 106.60 kr 173.53 74
Economic Profit
Residual Income kr 41.47 kr 56.60 kr 355.53 76

Widest divergence: DCF Models (kr 137.70) versus Asset-Based (kr 15.13). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 10.6B SEK
Revenue growth (YoY) +12.9%
Net margin 11.3%
Return on equity 29.0%
Free cash flow 1.3B SEK FY2026
P/E ratio 41.6 as of Jul 16, 2026
More key figures
Operating margin 16.0%
EPS (TTM) kr 5.82
Dividend yield 1.0%
EPS growth (YoY) +19.2%
Net debt 4.2B SEK FY2026

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 62 · Market factors (momentum, volatility) 46

Profitability 65
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 80
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

Lagercrantz Group AB (publ), together with its subsidiaries, operates as a technology company in Sweden, Denmark, Norway, Finland, Germany, the United Kingdom, Benelux, Poland, rest of Europe, North America, Asia, and internationally. The company operates through five segments: Electrify, Control, TecSec, Niche Products, and International.

Full company description

Lagercrantz Group AB (publ), together with its subsidiaries, operates as a technology company in Sweden, Denmark, Norway, Finland, Germany, the United Kingdom, Benelux, Poland, rest of Europe, North America, Asia, and internationally. The company operates through five segments: Electrify, Control, TecSec, Niche Products, and International. It offers IP-classed enclosures, cabinets, and storage solutions; cabling solutions; safety and security products and systems; infrastructure and electrical products; technical housing; and measure and control technical equipment. The company also provides technical security products, such as locking devices, fences and security doors, technical security systems, and security solutions that prevent accidents. In addition, it offers washing systems for heavy vehicles, dispenser systems for foodstuffs, sharpening systems for knives and other edge tools, and special doors for refrigeration rooms and hospitals, as well as valves for land-based fish farms; and marine products. The company provides its solutions for shipyards, railways, power distribution, and mechanical; industry, electricity distribution, transmission, renewable energy, transport infrastructure, battery and charging technologies, and communication networks, such as fibre and 5G; and public authorities, critical societal functions, companies, logistics, nursing and healthcare, building, and construction, as well as offshore sectors. Lagercrantz Group AB (publ) was founded in 1906 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Lagercrantz Group reported revenue of kr 10.6B in FY2026 versus kr 5.5B in FY2022, a compound +17.9%/yr. Reported net income was kr 1.2B in FY2026, compounding +20.4%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
10.6B SEK
Latest YoY
+13.0%
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.
+13.6%
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.
+21.0%
Avg. growth/yr (23Y) 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.
+9.0%
Revenue +17.9%/yr
FY22 kr 5.5B
FY23 kr 7.2B
FY24 kr 8.1B
FY25 kr 9.4B
FY26 kr 10.6B
Net income +20.4%/yr
FY22 kr 572M
FY23 kr 758M
FY24 kr 877M
FY25 kr 1.0B
FY26 kr 1.2B
Character of growth · EPS growth decomposed (2015-2026) +17.5 % p.a.
Revenue per share +13.4 pp

of which total revenue +13.5 pp · buybacks/dilution −0.1 pp

EBIT margin +4.2 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −0.2 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).

LAGR-B screens 44% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "Lagercrantz Group Fair Value". https://www.fairvalue-calculator.com/stock/LAGR-B

Peer Group

Conglomerates · 385 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 65 · Top 25%
Fair Value upside −44% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.87× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 41.6× · Pricier than 75% of peers
P/B 11.27× · Pricier than 75% of peers
P/S (TTM) 4.71× · Pricier than 75% of peers
P/FCF 4.1× · Pricier than median
EV/EBITDA 26.0× · Pricier than 75% of peers
PEG 3.02× · Pricier than 75% of peers

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 27
FUTURE 65 · sector 17
PAST 100 · sector 18
HEALTH 56 · sector 89
DIVIDEND 21 · sector 39

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.

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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SRF Limited SRF ₹2,585 ₹859.71 -67%
Empresas Copec S.A COPEC 6,030 CLP 10,809 CLP +79%
Posco International Corporation 047050 54,300 KRW 71,119 KRW +31%
Tube Investments of India Limited TIINDIA ₹2,839 ₹723.80 -75%
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Thermax Limited THERMAX ₹4,002 ₹1,343 -66%

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Frequently asked questions

Is Lagercrantz Group (LAGR-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 128.32 versus a price of kr 229.80, about −44% (overvalued).
What is the fair value of LAGR-B?
Our model-based fair value for Lagercrantz Group is kr 128.32 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 229.80.
What is the quality score of LAGR-B?
Lagercrantz Group 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 revenue of Lagercrantz Group (LAGR-B)?
Lagercrantz Group reported trailing-twelve-month revenue of about 10.6B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of LAGR-B?
The net profit margin of Lagercrantz Group is about 11.3%, meaning it keeps roughly 11.3% of revenue as net income. Based on the latest reported figures.
Does Lagercrantz Group pay a dividend?
Lagercrantz Group currently shows a dividend yield of about 0.98% 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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