Skanska AB (publ)

OM:SKA B Stock Report

Market Cap: SEK 105.0b

Skanska Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SKA B (SEK252.6) is trading below our estimate of future cash flow value (SEK415.72)

Significantly Below Future Cash Flow Value: SKA B is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SKA B. This is calculated by dividing SKA B's market cap by their current earnings.
What is SKA B's PE Ratio?
PE Ratio18.3x
EarningsSEK 5.70b
Market CapSEK 105.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SKA B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.1x
SWEC B Sweco
24.1x11.57%SEK 52.8b
PEAB B Peab
20.7x18.75%SEK 28.0b
NCC B NCC
155.1x43.39%SEK 21.8b
INSTAL Instalco
28.6x24.60%SEK 9.6b
SKA B Skanska
18.3x14.39%SEK 105.0b

Price-To-Earnings vs Peers: SKA B is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (57.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SKA B's PE Ratio compare vs other companies in the European Construction Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SKA B 18.3xIndustry Avg. 15.4xNo. of Companies20PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SKA B is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the European Construction industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is SKA 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.

SKA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.3x
Fair PE Ratio29x

Price-To-Earnings vs Fair Ratio: SKA B is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (29x).

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 SKA B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 252.60
SEK 272.67
+7.94%
7.61%SEK 296.00SEK 240.00n/a6
Apr ’27SEK 243.30
SEK 273.33
+12.34%
7.88%SEK 300.00SEK 240.00n/a6
Mar ’27SEK 278.00
SEK 273.33
-1.68%
7.88%SEK 300.00SEK 240.00n/a6
Feb ’27SEK 270.90
SEK 270.67
-0.086%
9.47%SEK 300.00SEK 225.00n/a6
Jan ’27SEK 252.30
SEK 265.00
+5.03%
9.47%SEK 295.00SEK 225.00n/a5
Dec ’26SEK 240.20
SEK 265.00
+10.32%
9.47%SEK 295.00SEK 225.00n/a5
Nov ’26SEK 259.60
SEK 270.50
+4.20%
7.33%SEK 295.00SEK 250.00n/a4
Oct ’26SEK 244.10
SEK 254.25
+4.16%
7.24%SEK 285.00SEK 240.00n/a4
Sep ’26SEK 234.50
SEK 254.25
+8.42%
7.24%SEK 285.00SEK 240.00n/a4
Aug ’26SEK 224.90
SEK 254.25
+13.05%
7.24%SEK 285.00SEK 240.00n/a4
Jul ’26SEK 220.80
SEK 220.83
+0.015%
17.01%SEK 285.00SEK 160.00n/a6
Jun ’26SEK 227.90
SEK 225.00
-1.27%
17.64%SEK 285.00SEK 160.00n/a6
May ’26SEK 223.90
SEK 229.17
+2.35%
18.49%SEK 285.00SEK 160.00n/a6
Apr ’26SEK 223.40
SEK 236.14
+5.70%
18.39%SEK 285.00SEK 160.00SEK 243.307
Mar ’26SEK 254.80
SEK 241.79
-5.11%
17.87%SEK 285.00SEK 160.00SEK 278.008
Feb ’26SEK 238.00
SEK 228.67
-3.92%
17.87%SEK 275.00SEK 160.00SEK 270.908
Jan ’26SEK 232.70
SEK 223.00
-4.17%
16.97%SEK 260.00SEK 160.00SEK 252.308
Dec ’25SEK 227.50
SEK 223.00
-1.98%
16.97%SEK 260.00SEK 160.00SEK 240.208
Nov ’25SEK 217.50
SEK 223.00
+2.53%
16.97%SEK 260.00SEK 160.00SEK 259.608
Oct ’25SEK 211.70
SEK 218.25
+3.09%
16.66%SEK 252.00SEK 160.00SEK 244.108
Sep ’25SEK 207.30
SEK 218.25
+5.28%
16.66%SEK 252.00SEK 160.00SEK 234.508
Aug ’25SEK 203.10
SEK 218.25
+7.46%
16.66%SEK 252.00SEK 160.00SEK 224.908
Jul ’25SEK 189.40
SEK 200.75
+5.99%
14.42%SEK 230.00SEK 155.00SEK 220.808
Jun ’25SEK 185.25
SEK 200.75
+8.37%
14.42%SEK 230.00SEK 155.00SEK 227.908
May ’25SEK 191.85
SEK 200.75
+4.64%
14.41%SEK 229.00SEK 155.00SEK 223.908
Apr ’25SEK 190.50
SEK 200.63
+5.31%
14.36%SEK 228.00SEK 155.00SEK 223.408
SEK 272.67
Fair Value
7.4% undervalued intrinsic discount
6
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 Analysis2026/04/16 18:18
End of Day Share Price 2026/04/16 00:00
Earnings2025/12/31
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

Skanska AB (publ) is covered by 18 analysts. 7 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
Christopher MooreBerenberg
Arnaud LehmannBofA Global Research