AB Volvo (publ)

OM:VOLV B Stock Report

Market Cap: SEK 542.8b

AB Volvo Valuation

Is VOLV B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VOLV B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 408.34
Fair Value
32.4% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: VOLV B (SEK276) is trading below our estimate of fair value (SEK408.34)

Significantly Below Fair Value: VOLV B is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VOLV B?

Key metric: As VOLV B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VOLV B. This is calculated by dividing VOLV B's market cap by their current earnings.
What is VOLV B's PE Ratio?
PE Ratio14.7x
EarningsSEK 38.06b
Market CapSEK 542.75b

Price to Earnings Ratio vs Peers

How does VOLV B's PE Ratio compare to its peers?

The above table shows the PE ratio for VOLV B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.3x
EPI A Epiroc
26.5x7.61%SEK 229.2b
ATCO A Atlas Copco
27.1x6.94%SEK 745.0b
ENGCON B engcon
48.9x29.90%SEK 11.5b
SAND Sandvik
22.6x8.12%SEK 323.8b
VOLV B AB Volvo
14.7x11.04%SEK 542.8b

Price-To-Earnings vs Peers: VOLV B is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (31.3x).

Price to Earnings Ratio vs Industry

How does VOLV B's PE Ratio compare vs other companies in the SE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
VOLV B 14.7xIndustry Avg. 22.2xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VOLV B is good value based on its Price-To-Earnings Ratio (14.7x) compared to the Swedish Machinery industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is VOLV B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VOLV B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: VOLV B is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VOLV B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 276.00
SEK 300.19
+8.76%
12.35%SEK 350.00SEK 240.00n/a16
Sep ’26SEK 288.50
SEK 300.32
+4.10%
11.66%SEK 350.00SEK 240.00n/a18
Aug ’26SEK 273.30
SEK 298.93
+9.38%
11.61%SEK 350.00SEK 240.00n/a18
Jul ’26SEK 266.00
SEK 303.63
+14.15%
11.70%SEK 355.00SEK 240.00n/a20
Jun ’26SEK 265.90
SEK 307.73
+15.73%
12.21%SEK 370.00SEK 240.00n/a20
May ’26SEK 262.60
SEK 312.51
+19.01%
12.52%SEK 370.00SEK 240.00n/a20
Apr ’26SEK 291.90
SEK 332.63
+13.95%
10.71%SEK 378.00SEK 270.00n/a19
Mar ’26SEK 333.00
SEK 335.32
+0.70%
9.21%SEK 391.00SEK 280.00n/a19
Feb ’26SEK 306.70
SEK 323.58
+5.50%
8.24%SEK 375.00SEK 280.00n/a19
Jan ’26SEK 268.60
SEK 307.63
+14.53%
8.10%SEK 345.00SEK 271.00n/a19
Dec ’25SEK 271.60
SEK 310.47
+14.31%
9.50%SEK 380.00SEK 271.00n/a19
Nov ’25SEK 274.90
SEK 310.21
+12.84%
10.07%SEK 380.00SEK 271.00n/a19
Oct ’25SEK 265.90
SEK 307.95
+15.81%
11.22%SEK 380.00SEK 249.00n/a20
Sep ’25SEK 272.60
SEK 313.80
+15.11%
10.93%SEK 380.00SEK 255.00SEK 288.5020
Aug ’25SEK 266.30
SEK 316.85
+18.98%
11.45%SEK 382.00SEK 263.00SEK 273.3020
Jul ’25SEK 273.40
SEK 313.53
+14.68%
11.32%SEK 383.00SEK 251.00SEK 266.0019
Jun ’25SEK 282.00
SEK 313.53
+11.18%
11.08%SEK 383.00SEK 251.00SEK 265.9019
May ’25SEK 283.40
SEK 312.58
+10.30%
10.63%SEK 360.00SEK 251.00SEK 262.6019
Apr ’25SEK 290.10
SEK 298.53
+2.91%
12.57%SEK 359.00SEK 240.00SEK 291.9017
Mar ’25SEK 289.95
SEK 275.22
-5.08%
14.96%SEK 359.00SEK 201.00SEK 333.0018
Feb ’25SEK 253.25
SEK 270.11
+6.66%
13.78%SEK 341.00SEK 201.00SEK 306.7018
Jan ’25SEK 261.70
SEK 260.83
-0.33%
13.69%SEK 315.00SEK 201.00SEK 268.6018
Dec ’24SEK 245.05
SEK 259.28
+5.81%
14.17%SEK 315.00SEK 201.00SEK 271.6018
Nov ’24SEK 217.35
SEK 251.68
+15.80%
14.31%SEK 315.00SEK 201.00SEK 274.9019
Oct ’24SEK 225.60
SEK 246.74
+9.37%
13.14%SEK 295.00SEK 201.00SEK 265.9019
Sep ’24SEK 220.00
SEK 243.28
+10.58%
12.86%SEK 295.00SEK 201.00SEK 272.6018
SEK 300.19
Fair Value
8.1% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/26 17:49
End of Day Share Price 2025/09/26 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 52 analysts. 16 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
Hans-Peter WodniokAlphaValue
David LeikerBaird