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AB Volvo (publ)OM:VOLV B Stock Report

Market Cap SEK 639.9b
Share Price
SEK 314.60
SEK 270
16.5% overvalued intrinsic discount
1Y21.7%
7D-2.3%
1D
Portfolio Value
View

AB Volvo (publ)

OM:VOLV B Stock Report

Market Cap: SEK 639.9b

AB Volvo (VOLV B) Stock Overview

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. More details

VOLV B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends4/6

VOLV B Community Fair Values

Create Narrative

See what 111 others think this stock is worth. Follow their fair value or set your own to get alerts.

AB Volvo (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for AB Volvo
Historical stock prices
Current Share PriceSEK 314.60
52 Week HighSEK 354.00
52 Week LowSEK 244.90
Beta0.98
1 Month Change-1.41%
3 Month Change-5.53%
1 Year Change21.66%
3 Year Change50.17%
5 Year Change38.65%
Change since IPO2,689.01%

Recent News & Updates

Narrative Update May 27

VOLV B: Elevated Hopes For Truck Margins Will Likely Pressure Future Returns

Analysts have lifted the fair value estimate for AB Volvo from SEK 262 to SEK 270, citing updated assumptions for slightly higher revenue growth, profit margins, and future P/E multiples, along with recent Street research that includes higher price targets and mixed but generally constructive coverage. Analyst Commentary Recent Street research on AB Volvo paints a mixed picture, with some firms raising price targets and others turning more cautious.
Narrative Update May 04

VOLV B: Hydrogen Partnerships And Mixed Sentiment Will Shape Future Returns

The updated analyst price target for AB Volvo has increased to SEK 339.60 from SEK 331.56, reflecting recent Street research that includes several target increases alongside a mix of neutral and more cautious views from analysts. Analyst Commentary Recent research on AB Volvo reflects a mix of optimism around valuation support and execution, alongside more cautious views on the stock's risk and reward balance.
Narrative Update Apr 20

VOLV B: Hydrogen Zero Emission Progress Will Support Stronger Long Term Earnings Power

The analyst fair value estimate for AB Volvo has been adjusted slightly higher to SEK 385 from SEK 380, as analysts balance recent target cuts with ongoing target increases and updated assumptions on revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research on AB Volvo shows a mix of caution and optimism, with the revised fair value estimate sitting slightly above many of the latest price targets cited in Street research.

Recent updates

Narrative Update May 27

VOLV B: Elevated Hopes For Truck Margins Will Likely Pressure Future Returns

Analysts have lifted the fair value estimate for AB Volvo from SEK 262 to SEK 270, citing updated assumptions for slightly higher revenue growth, profit margins, and future P/E multiples, along with recent Street research that includes higher price targets and mixed but generally constructive coverage. Analyst Commentary Recent Street research on AB Volvo paints a mixed picture, with some firms raising price targets and others turning more cautious.
Narrative Update May 04

VOLV B: Hydrogen Partnerships And Mixed Sentiment Will Shape Future Returns

The updated analyst price target for AB Volvo has increased to SEK 339.60 from SEK 331.56, reflecting recent Street research that includes several target increases alongside a mix of neutral and more cautious views from analysts. Analyst Commentary Recent research on AB Volvo reflects a mix of optimism around valuation support and execution, alongside more cautious views on the stock's risk and reward balance.
Narrative Update Apr 20

VOLV B: Hydrogen Zero Emission Progress Will Support Stronger Long Term Earnings Power

The analyst fair value estimate for AB Volvo has been adjusted slightly higher to SEK 385 from SEK 380, as analysts balance recent target cuts with ongoing target increases and updated assumptions on revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research on AB Volvo shows a mix of caution and optimism, with the revised fair value estimate sitting slightly above many of the latest price targets cited in Street research.
Narrative Update Apr 05

VOLV B: Prolonged Truck Weakness Will Likely Pressure Future Earnings Expectations

Analysts have adjusted the AB Volvo fair value estimate to SEK 262 from SEK 250, reflecting updated assumptions for slightly higher revenue growth, modestly stronger profit margins, a small change in discount rate, and an updated future P/E multiple, along with a mixed set of recent price target moves and rating changes across major banks. Analyst Commentary Recent Street research around AB Volvo reflects a split view, with several firms lifting price targets and others turning more cautious.
Narrative Update Mar 22

VOLV B: Prolonged Truck Downturn Will Likely Undermine Elevated Future Earnings Expectations

Analysts have nudged the fair value estimate for AB Volvo up to SEK 250 from SEK 245, reflecting recent target increases across several firms while still accounting for mixed views on truck cycle strength and valuation, including higher assumed future P/E multiples and modest adjustments to growth, margins and discount rates. Analyst Commentary Recent Street research on AB Volvo shows a mix of optimism on valuation and caution on the truck cycle and execution risk.
Narrative Update Mar 08

VOLV B: Truck Cycle Weakness And Tariff Effects Will Shape Future Returns

Analysts have lifted the AB Volvo price target by SEK 8 to reflect slightly higher modeled fair value, supported by a series of recent SEK 10 to SEK 30 target increases and mixed rating changes that point to adjusted assumptions for revenue growth and margins despite ongoing truck market headwinds. Analyst Commentary Recent Street research on AB Volvo reflects a mix of optimism on valuation upside and caution around the truck cycle, with several firms adjusting price targets while fine tuning ratings.
Narrative Update Feb 22

VOLV B: Fairly Valued Outlook Balances Tariff Benefits And Truck Market Risks

Analysts have raised their fair value estimate for AB Volvo by SEK 30, from SEK 350 to SEK 380. This reflects updated assumptions on revenue growth, margins and future P/E, alongside a recent series of higher price targets from major banks, even as some ratings have shifted to more neutral stances.
Narrative Update Feb 07

VOLV B: Truck Cycle Uncertainty And Tariff Support Will Shape Medium-Term Returns

Analysts have lifted their price targets on AB Volvo, with the updated fair value estimate moving from SEK 288.51 to about SEK 323.56. This change reflects higher assumed revenue growth, a slightly lower discount rate, and a higher future P/E multiple, broadly in line with recent target increases from major banks.
Narrative Update Jan 23

VOLV B: Truck Downturn And Execution Challenges Will Likely Restrain Future Earnings

Analysts have raised their AB Volvo price targets, revising them from SEK 305 to SEK 323 and from SEK 267 to SEK 333. These changes reflect differing views on near term truck demand, as well as potential benefits from tariffs, lower interest rates, and new product launches.
Narrative Update Jan 09

VOLV B: Future Earnings May Be Constrained By Truck Cycle Execution Risk

Analysts have lifted their AB Volvo price expectations into a higher SEK 290 to SEK 333 range, pointing to tariff advantages, new truck launches, and potential benefits to construction equipment from lower rates and German stimulus as key support for the updated targets. Analyst Commentary Recent Street research on AB Volvo reflects a mixed backdrop, with some firms lifting targets into the SEK 290 to SEK 333 range while others trim estimates and stay more cautious.
Analysis Article Dec 28

Investors Will Want AB Volvo's (STO:VOLV B) Growth In ROCE To Persist

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Narrative Update Dec 19

VOLV B: Future Earnings Durability Will Face Rising Margin And Cycle Risks

We are nudging our fair value estimate for AB Volvo higher to SEK 245 from SEK 240 as analysts, despite trimming near term growth and margin expectations and slightly increasing the discount rate, continue to see support from resilient profitability and valuation metrics that justify a modestly higher future earnings multiple. Analyst Commentary Recent Street research on AB Volvo reflects a mixed but increasingly cautious stance, with several bearish analysts trimming price targets despite the company’s resilient fundamentals.
Analysis Article Dec 16

Are Investors Undervaluing AB Volvo (publ) (STO:VOLV B) By 36%?

Key Insights AB Volvo's estimated fair value is kr461 based on 2 Stage Free Cash Flow to Equity Current share price of...
Narrative Update Dec 05

VOLV B: Margin Resilience And Tariff Headwinds Will Shape Medium-Term Outlook

Analysts have nudged their blended fair value estimate for AB Volvo slightly lower, trimming the target by about SEK 1 to roughly SEK 289 per share. Modestly softer long term revenue growth assumptions and recent Street target cuts offset improving margin expectations and a still constructive rating mix.
Analysis Article Dec 02

Why Investors Shouldn't Be Surprised By AB Volvo (publ)'s (STO:VOLV B) Low P/E

AB Volvo (publ)'s ( STO:VOLV B ) price-to-earnings (or "P/E") ratio of 16.2x might make it look like a buy right now...
Narrative Update Nov 21

VOLV B: Margin Pressures And Tariff Risks Will Shape Near-Term Prospects

AB Volvo's average analyst price target has declined slightly, as recent updates reflect concerns among analysts about potential margin pressures and tariff headwinds. This has resulted in revised estimates ranging from SEK 242 to SEK 298.
Narrative Update Nov 03

VOLV B: Margin Improvements Will Drive Upside Despite Tariff Headwinds

AB Volvo’s analyst price target was reduced from SEK 294.88 to SEK 289.50, as analysts pointed to softer anticipated revenue growth and persistent margin concerns. Analyst Commentary Recent street research surrounding AB Volvo reflects a mix of optimistic and cautionary perspectives as analysts adjust price targets and ratings, citing evolving business dynamics.
Narrative Update Oct 20

Electric Trucks And Digitalization Will Redefine Heavy Equipment Sectors

Analysts have trimmed their price target for AB Volvo from SEK 299.75 to SEK 294.88. They cite anticipated margin pressure in the near term due to tariff headwinds and softer earnings expectations, particularly within the construction equipment segment.
Analysis Article Aug 30

There's Been No Shortage Of Growth Recently For AB Volvo's (STO:VOLV B) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 18

AB Volvo (STO:VOLV B) Takes On Some Risk With Its Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Aug 06

AB Volvo (publ)'s (STO:VOLV B) Share Price Is Matching Sentiment Around Its Earnings

OM:VOLV B 1 Year Share Price vs Fair Value Explore AB Volvo's Fair Values from the Community and select yours AB Volvo...
Analysis Article Jul 07

Should You Investigate AB Volvo (publ) (STO:VOLV B) At kr262?

Today we're going to take a look at the well-established AB Volvo (publ) ( STO:VOLV B ). The company's stock saw a...
New Narrative May 02

Volvo: A Reliable Dividend Stock with Promising Growth Ahead

Revenue Growth and Profitability: Over the next year, Volvo is expected to see a modest increase in revenue. While global automotive sales have faced challenges in recent years, Volvo has proven its a
New Narrative Feb 13

Volvo's Electric and Autonomous Trucks Will Drive Future Profits

Are there any products or services that could move sales or earnings meaningfullyVolvo Autonomous Solutions: The company is actively developing autonomous trucks, which could reduce labor costs for lo
User avatar
New Narrative Nov 07

Electrification Delays And Supply Chain Woes Threaten Volvo's Revenue Growth

Supply chain issues and production delays in North America may hurt revenue growth due to declining truck deliveries.

Shareholder Returns

VOLV BSE MachinerySE Market
7D-2.3%-1.6%-1.6%
1Y21.7%25.4%13.5%

Return vs Industry: VOLV B underperformed the Swedish Machinery industry which returned 25.4% over the past year.

Return vs Market: VOLV B exceeded the Swedish Market which returned 13.5% over the past year.

Price Volatility

Is VOLV B's price volatile compared to industry and market?
VOLV B volatility
VOLV B Average Weekly Movement4.8%
Machinery Industry Average Movement5.6%
Market Average Movement6.3%
10% most volatile stocks in SE Market13.5%
10% least volatile stocks in SE Market3.7%

Stable Share Price: VOLV B has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: VOLV B's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191589,299Martin Lundstedtwww.volvogroup.com

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company operates through Industrial Operations - Trucks, Industrial Operations - Construction Equipment, Industrial Operations - Buses, Industrial Operations - Volvo Penta, Industrial Operations - Group Functions & Other, and Financial Services segments. The company offers heavy-duty trucks for long-haulage and construction work, and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.

AB Volvo (publ) Fundamentals Summary

How do AB Volvo's earnings and revenue compare to its market cap?
VOLV B fundamental statistics
Market capSEK 639.90b
Earnings (TTM)SEK 32.88b
Revenue (TTM)SEK 468.16b
19.5x
P/E Ratio
1.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VOLV B income statement (TTM)
RevenueSEK 468.16b
Cost of RevenueSEK 335.79b
Gross ProfitSEK 110.14b
Other ExpensesSEK 77.26b
EarningsSEK 32.88b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 17, 2026

Earnings per share (EPS)16.17
Gross Margin23.53%
Net Profit Margin7.02%
Debt/Equity Ratio130.3%

How did VOLV B perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
53%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 22:41
End of Day Share Price 2026/06/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AB Volvo (publ) is covered by 45 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
David LeikerBaird
Kristina ChurchBarclays