Trelleborg AB (publ)

OM:TREL B Stock Report

Market Cap: SEK 87.4b

Trelleborg Valuation

Is TREL 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 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 TREL B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 423.98
Fair Value
8.8% undervalued intrinsic discount
7
Number of Analysts

Below Fair Value: TREL B (SEK386.8) is trading below our estimate of fair value (SEK423.98)

Significantly Below Fair Value: TREL B is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TREL B. This is calculated by dividing TREL B's market cap by their current earnings.
What is TREL B's PE Ratio?
PE Ratio23.7x
EarningsSEK 3.69b
Market CapSEK 87.45b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TREL B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
INDT Indutrade
32x14.08%SEK 85.5b
SKF B AB SKF
22.4x20.08%SEK 109.0b
ALFA Alfa Laval
22.4x4.66%SEK 186.5b
SAND Sandvik
24.4x9.17%SEK 361.5b
TREL B Trelleborg
23.7x10.90%SEK 87.4b

Price-To-Earnings vs Peers: TREL B is good value based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

How does TREL 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
TREL B 23.7xIndustry Avg. 24.1xNo. of Companies6PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TREL B is good value based on its Price-To-Earnings Ratio (23.7x) compared to the Swedish Machinery industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is TREL 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.

TREL B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.7x
Fair PE Ratio24.1x

Price-To-Earnings vs Fair Ratio: TREL B is good value based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).

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 TREL B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 386.80
SEK 405.71
+4.89%
9.11%SEK 450.00SEK 340.00n/a7
Nov ’26SEK 397.50
SEK 405.71
+2.07%
9.11%SEK 450.00SEK 340.00n/a7
Oct ’26SEK 348.00
SEK 380.00
+9.20%
9.30%SEK 430.00SEK 330.00n/a7
Sep ’26SEK 368.20
SEK 389.67
+5.83%
8.22%SEK 430.00SEK 350.00n/a6
Aug ’26SEK 346.30
SEK 389.67
+12.52%
8.22%SEK 430.00SEK 350.00n/a6
Jul ’26SEK 358.10
SEK 379.43
+5.96%
8.60%SEK 430.00SEK 350.00n/a7
Jun ’26SEK 351.20
SEK 378.86
+7.88%
8.54%SEK 430.00SEK 350.00n/a7
May ’26SEK 332.80
SEK 378.86
+13.84%
8.54%SEK 430.00SEK 350.00n/a7
Apr ’26SEK 367.00
SEK 425.00
+15.80%
7.88%SEK 475.00SEK 380.00n/a7
Mar ’26SEK 417.60
SEK 439.57
+5.26%
8.40%SEK 482.00SEK 380.00n/a7
Feb ’26SEK 419.00
SEK 439.57
+4.91%
8.40%SEK 482.00SEK 380.00n/a7
Jan ’26SEK 378.60
SEK 412.86
+9.05%
6.69%SEK 460.00SEK 380.00n/a7
Dec ’25SEK 360.60
SEK 404.67
+12.22%
5.12%SEK 448.00SEK 380.00n/a6
Nov ’25SEK 354.40
SEK 404.67
+14.18%
5.12%SEK 448.00SEK 380.00SEK 397.506
Oct ’25SEK 375.00
SEK 425.83
+13.56%
4.42%SEK 460.00SEK 400.00SEK 348.006
Sep ’25SEK 400.20
SEK 422.67
+5.61%
3.24%SEK 441.00SEK 400.00SEK 368.206
Aug ’25SEK 384.20
SEK 422.67
+10.01%
3.24%SEK 441.00SEK 400.00SEK 346.306
Jul ’25SEK 422.00
SEK 395.17
-6.36%
5.62%SEK 430.00SEK 360.00SEK 358.106
Jun ’25SEK 409.00
SEK 386.00
-5.62%
5.84%SEK 405.00SEK 340.00SEK 351.206
May ’25SEK 393.20
SEK 381.83
-2.89%
5.47%SEK 400.00SEK 340.00SEK 332.806
Apr ’25SEK 382.90
SEK 347.71
-9.19%
5.21%SEK 376.00SEK 323.00SEK 367.007
Mar ’25SEK 382.60
SEK 347.71
-9.12%
5.21%SEK 376.00SEK 323.00SEK 417.607
Feb ’25SEK 322.40
SEK 347.17
+7.68%
4.93%SEK 370.00SEK 328.00SEK 419.006
Jan ’25SEK 337.60
SEK 327.14
-3.10%
9.38%SEK 370.00SEK 280.00SEK 378.607
Dec ’24SEK 328.40
SEK 318.14
-3.12%
7.58%SEK 350.00SEK 280.00SEK 360.607
Nov ’24SEK 281.90
SEK 302.43
+7.28%
10.78%SEK 340.00SEK 240.00SEK 354.407
SEK 405.71
Fair Value
4.7% undervalued intrinsic discount
7
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 Analysis2025/11/15 08:40
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
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

Trelleborg AB (publ) is covered by 19 analysts. 5 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
Timothy LeeBarclays
William MackieBerenberg