Paradox Interactive AB (publ)

OM:PDX Stock Report

Market Cap: SEK 14.3b

Paradox Interactive Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 Fair Value

What is the Fair Price of PDX 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: PDX (SEK135.6) is trading below our estimate of future cash flow value (SEK162.5)

Significantly Below Future Cash Flow Value: PDX is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PDX. This is calculated by dividing PDX's market cap by their current earnings.
What is PDX's PE Ratio?
PE Ratio113.3x
EarningsSEK 126.46m
Market CapSEK 14.32b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PDX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.2x
HACK Hacksaw
11.5x19.07%SEK 21.7b
MTG B Modern Times Group MTG
87.4x52.27%SEK 14.9b
ENVAR Envar Holding
58xn/aSEK 687.5m
G5EN G5 Entertainment
20.1x33.71%SEK 538.5m
PDX Paradox Interactive
113.3x48.12%SEK 14.3b

Price-To-Earnings vs Peers: PDX is expensive based on its Price-To-Earnings Ratio (113.3x) compared to the peer average (44.2x).

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 PDX's PE Ratio compare vs other companies in the European Entertainment Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PDX 113.3xIndustry Avg. 14.9xNo. of Companies20PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PDX is expensive based on its Price-To-Earnings Ratio (113.3x) compared to the European Entertainment industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is PDX'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.

PDX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio113.3x
Fair PE Ratio42.9x

Price-To-Earnings vs Fair Ratio: PDX is expensive based on its Price-To-Earnings Ratio (113.3x) compared to the estimated Fair Price-To-Earnings Ratio (42.9x).

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 PDX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 135.60
SEK 155.40
+14.60%
7.18%SEK 170.00SEK 137.00n/a5
Aug ’27SEK 139.90
SEK 154.40
+10.36%
8.33%SEK 170.00SEK 132.00n/a5
Jul ’27SEK 132.20
SEK 154.40
+16.79%
8.33%SEK 170.00SEK 132.00n/a5
Jun ’27SEK 123.80
SEK 154.40
+24.72%
8.33%SEK 170.00SEK 132.00n/a5
May ’27SEK 134.80
SEK 148.80
+10.39%
10.23%SEK 170.00SEK 129.00n/a5
Apr ’27SEK 124.20
SEK 157.00
+26.41%
14.82%SEK 180.00SEK 129.00n/a4
Mar ’27SEK 123.50
SEK 157.88
+27.83%
14.09%SEK 180.00SEK 132.50n/a4
Feb ’27SEK 129.50
SEK 164.00
+26.64%
10.50%SEK 180.00SEK 139.00n/a4
Jan ’27SEK 162.60
SEK 211.67
+30.18%
1.11%SEK 215.00SEK 210.00n/a3
Dec ’26SEK 177.80
SEK 211.67
+19.05%
1.11%SEK 215.00SEK 210.00n/a3
Nov ’26SEK 165.60
SEK 186.25
+12.47%
16.04%SEK 215.00SEK 140.00n/a4
Oct ’26SEK 170.40
SEK 191.25
+12.24%
14.48%SEK 225.00SEK 150.00n/a4
Sep ’26SEK 172.80
SEK 191.25
+10.68%
14.48%SEK 225.00SEK 150.00n/a4
Aug ’26SEK 163.40
SEK 187.25
+14.60%
12.56%SEK 215.00SEK 150.00SEK 139.904
Jul ’26SEK 191.00
SEK 211.00
+10.47%
15.60%SEK 250.00SEK 160.00SEK 132.205
Jun ’26SEK 192.00
SEK 213.00
+10.94%
14.96%SEK 250.00SEK 160.00SEK 123.805
May ’26SEK 189.50
SEK 214.00
+12.93%
14.95%SEK 250.00SEK 160.00SEK 134.805
Apr ’26SEK 181.20
SEK 231.00
+27.48%
17.66%SEK 280.00SEK 160.00SEK 124.205
Mar ’26SEK 208.20
SEK 231.00
+10.95%
17.66%SEK 280.00SEK 160.00SEK 123.505
Feb ’26SEK 217.00
SEK 230.00
+5.99%
18.08%SEK 280.00SEK 155.00SEK 129.505
Jan ’26SEK 205.40
SEK 219.17
+6.70%
20.17%SEK 280.00SEK 140.00SEK 162.606
Dec ’25SEK 185.80
SEK 219.17
+17.96%
20.17%SEK 280.00SEK 140.00SEK 177.806
Nov ’25SEK 200.00
SEK 211.67
+5.83%
23.84%SEK 280.00SEK 140.00SEK 165.606
Oct ’25SEK 181.70
SEK 190.00
+4.57%
23.36%SEK 240.00SEK 125.00SEK 170.405
Sep ’25SEK 144.80
SEK 190.00
+31.22%
23.36%SEK 240.00SEK 125.00SEK 172.805
Aug ’25SEK 151.10
SEK 191.00
+26.41%
22.48%SEK 240.00SEK 130.00SEK 163.405
SEK 155.4
Fair Value
12.7% undervalued intrinsic discount
5
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/09 13:05
End of Day Share Price 2026/08/07 00:00
Earnings2026/06/30
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

Paradox Interactive AB (publ) is covered by 10 analysts. 6 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
Edward JamesBerenberg
Mikael LaséenCarnegie Investment Bank AB