Cibus Nordic Real Estate AB (publ)

OM:CIBUS Stock Report

Market Cap: SEK 13.9b

Cibus Nordic Real Estate Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 CIBUS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 135.98
Fair Value
24.2% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: CIBUS (SEK168.9) is trading above our estimate of fair value (SEK135.98)

Significantly Below Fair Value: CIBUS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CIBUS. This is calculated by dividing CIBUS's market cap by their current earnings.
What is CIBUS's PE Ratio?
PE Ratio32.1x
Earnings€39.35m
Market Cap€1.26b

Price to Earnings Ratio vs Peers

How does CIBUS's PE Ratio compare to its peers?

The above table shows the PE ratio for CIBUS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.9x
NP3 NP3 Fastigheter
15.3x6.74%SEK 15.9b
NYF Nyfosa
127.4x57.10%SEK 17.8b
INTEA B Intea Fastigheter
27.2x8.01%SEK 17.2b
FPAR A FastPartner
17.9x22.20%SEK 10.3b
CIBUS Cibus Nordic Real Estate
32.1x23.23%SEK 13.9b

Price-To-Earnings vs Peers: CIBUS is good value based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (46.9x).

Price to Earnings Ratio vs Industry

How does CIBUS's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.6xn/aUS$392.15m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1x-32.36%US$60.05m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
CIBUS 32.1xIndustry Avg. 16.4xNo. of Companies9PE01020304050+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CIBUS is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the Swedish Real Estate industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is CIBUS'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.

CIBUS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.1x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: CIBUS is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

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 CIBUS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 168.90
SEK 196.00
+16.05%
11.22%SEK 210.23SEK 158.04n/a4
Oct ’26SEK 167.35
SEK 196.00
+17.12%
11.22%SEK 210.23SEK 158.04n/a4
Sep ’26SEK 168.95
SEK 197.27
+16.76%
10.98%SEK 212.67SEK 159.89n/a4
Aug ’26SEK 173.90
SEK 194.28
+11.72%
14.89%SEK 213.90SEK 144.26n/a4
Jul ’26SEK 189.75
SEK 195.81
+3.20%
14.06%SEK 214.69SEK 148.24n/a4
Jun ’26SEK 180.05
SEK 178.21
-1.02%
14.89%SEK 209.67SEK 144.77n/a3
May ’26SEK 167.05
SEK 178.21
+6.68%
14.89%SEK 209.67SEK 144.77n/a3
Apr ’26SEK 148.95
SEK 186.37
+25.12%
15.66%SEK 207.26SEK 145.11n/a3
Mar ’26SEK 162.35
SEK 191.32
+17.85%
13.58%SEK 209.96SEK 154.58n/a3
Feb ’26SEK 180.05
SEK 189.87
+5.45%
13.13%SEK 211.36SEK 154.93n/a3
Jan ’26SEK 176.20
SEK 187.90
+6.64%
13.76%SEK 210.03SEK 151.64n/a3
Dec ’25SEK 174.60
SEK 185.32
+6.14%
11.76%SEK 201.33SEK 154.49n/a3
Nov ’25SEK 171.85
SEK 180.04
+4.77%
13.03%SEK 203.50SEK 156.58n/a2
Oct ’25SEK 179.70
SEK 177.14
-1.42%
13.03%SEK 200.22SEK 154.06SEK 167.352
SEK 196
Fair Value
13.8% undervalued intrinsic discount
4
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 Analysis2025/10/20 17:42
End of Day Share Price 2025/10/20 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

Cibus Nordic Real Estate AB (publ) is covered by 6 analysts. 4 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
Erik GranströmDNB Carnegie
Stéphanie DossmannJefferies LLC