NIBE Industrier AB (NIBE-B) Fair Value & Analysis
Industrials · SE · Market cap 71.7B SEK (≈ $7.5B) · ISIN SE0015988019
What is NIBE Industrier AB really worth?
A solid business, currently priced close to our fair value of kr 40.43.
Strengths
Risks
For context
Fair value as of: Aug 21, 2026
From 25 valuation models · updated 15 days ago
Fair value updated Aug 21, 2026, revised from kr 25.37 to kr 40.43 (+59.4%) since Aug 13, 2026. Share price +9.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (kr 26.52 to kr 53.42) 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 21, 2026.
How to read this chart
60‑month range kr 31.50 – kr 131.79 · fair‑value band kr 26.52 – kr 53.42 · the kr 43.96 price screens above the kr 40.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
NIBE Industrier AB (NIBE-B) currently trades at kr 43.96, while our model-based Fair Value estimate is kr 40.43, implying the stock looks roughly 8.7% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 37.40 per share, and 4 of the 25 models we run sit above the kr 43.96 price. Bear case: the Dividend Discount group reads lowest at kr 5.47, and 21 of the 25 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, NIBE Industrier AB generated revenue of 40.8B SEK at a net margin of 5.9%. Revenue declined 0.2% year over year. It earns a return on equity of 7.8%. Net debt stands at 17.0B SEK. Fundamentals as of Aug 21, 2026
Our scenario range runs from kr 26.52 (bear case) to kr 53.42 (bull case); at kr 43.96, the current price sits within 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 6% 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 −29% fair-value upside, at −8%, NIBE-B screens cheaper 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 0.5684 per share, which is 1.4 % 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 25 models by family
Widest divergence: DCF Models (kr 37.40) versus Dividend Discount (kr 5.47). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 60
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
NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control. It operates through NIBE Climate Solutions, NIBE Element, and NIBE Stoves business areas.
Full company description
NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control. It operates through NIBE Climate Solutions, NIBE Element, and NIBE Stoves business areas. The NIBE Climate Solutions business area offers indoor climate comfort products, such as heat pumps, water heaters, refrigeration systems, accumulator tanks, ventilation systems, climate control systems, and district heating products for homes, apartment blocks, and commercial properties. The NIBE Element business area provides various components and solutions for heating and control, which include tubular, aluminum, foil, thick film, PTC, high-power, and ceramic elements, as well as opena spirals and tapes, heating cables and jackets, vacuum brazing, heat pump technology, resistors, heat exchangers, temperature sensors, heating cables, flexible hoses, and control equipment to domestic and household appliances; professional kitchens and the refrigeration industry; energy; transport; and advanced technology, as well as aviation sectors. The NIBE Stoves business area offers free-standing, wood-burning, gas, and electric stoves; heat-retaining products; and chimney systems, as well as inserts, fireplace cassettes, outdoor stoves, and accessories. It operates in Nordic countries, rest of Europe, North America, and internationally. The company was founded in 1949 and is headquartered in Markaryd, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
NIBE Industrier AB reported revenue of 40.8B SEK in FY2025 versus 30.8B SEK in FY2021, a compound +7.3%/yr. Reported net income was 2.3B SEK in FY2025, compounding −9.0%/yr from FY2021.
of which total revenue +13.9 % · buybacks/dilution −0.9 %
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).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- NIBE Industrier AB (NDRBF) (Q2 2026) Earnings Call Highlights: Sixth Consecutive Quarter of ...
- NIBE Industrier AB (NDRBF) Q1 2026 Earnings Call Highlights: Strong Organic Growth Amidst ...
- Assessing NIBE Industrier (OM:NIBE B) Valuation After Its Standout OMX Stockholm 30 Share Price Move
- NIBE Industrier AB (NDRBF) Q4 2025 Earnings Call Highlights: Strong Margin Recovery and ...
Peer Group
Building Products & Equipment · 243 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 Building Products & Equipment 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Trane Technologies plc TT | $454.31 | $208.50 | −54% |
| Johnson Controls International plc JCI | $142.23 | $44.75 | −69% |
| Carrier Global Corporation CARR | $57.25 | $16.85 | −71% |
| Compagnie de Saint-Gobain S.A SGO | €81.20 | €97.97 | +21% |
| Geberit AG GEBN | CHF 577.80 | CHF 307.66 | −47% |
| Lennox International Inc LII | $377.25 | $363.09 | −4% |
| Kingspan Group KRX | €87.30 | €66.79 | −23% |
| Masco Corporation MAS | $74.64 | $53.22 | −29% |
| Carlisle Companies Incorporated CSL | $356.53 | $340.70 | −4% |
| BELIMO Holding BEAN | CHF 878.50 | CHF 227.18 | −74% |
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