Clas Ohlson CLAS-B.ST
SwedenConsumer Cyclical · Specialty RetailNasdaq Estocolmo · SEK
488.33 SEK (+11.7%)
3 analysts
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Clas Ohlson is a Swedish retailer of home, DIY, electronics and hardware products, with physical stores and online sales in the Nordic countries and the UK.
Listed on Nasdaq Estocolmo · Symbol CLAS-B.ST · STO: CLAS-B · Currency SEK
Key points
from its scores- ✓High-quality business8.7
- ✓Strong growth8.4
- ✓Good share-price trend7.4
- !Somewhat demanding valuation5.4
AI analysis
bottom line, main risk, context and newsExcellent quality and growth, but the valuation already discounts much of the good news.
Clas Ohlson combines outstanding profitability (ROE 41.3%, ROIC 29.03%) with a net cash balance sheet (ND/EBITDA -0.19) and solid growth (revenue +16.5%, earnings +44.9%), although its demanding valuation (P/E 22.63, PEG 3.14) limits upside.
The demanding valuation (P/E 22.63, PEG 3.14) leaves little room for error if the 44.9% earnings growth decelerates or discretionary spending weakens.
Context and risks
Clas Ohlson is a Swedish home improvement and DIY retailer with a clean balance sheet (net debt negative) and no material exposure to commodities, interest rates, or conflict-affected shipping routes.
Is Clas Ohlson stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 31% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 22.6 | 17.8 | +27% |
| EV / EBITDA | 15.2 | 11.2 | +36% |
| Price / book | 8.0 | 2.9 | +177% |
| Price / sales | 2.1 | 1.3 | +71% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.4 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 488.33 SEK, +11.7% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 8.7 (sector 5.7), Growth 8.4 (sector 5.9).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 22.6
- Forward P/E
- 34.3
- EV / EBITDA
- 15.2
- Price / book
- 8.0
- Price / sales
- 2.1
- PEG
- 3.14
- Market cap
- 27.8B SEK
- Enterprise value
- 27.5B SEK
Profitability
- ROE
- 41.3%
- ROA
- 13.2%
- ROIC (approx.)
- 29.0%
- Gross margin
- 48.1%
- Operating margin
- 12.0%
- Net margin
- 9.7%
- Free cash flow
- 1.7B SEK
- FCF yield
- 6.0%
- Cash conversion
- 93%
Solvency
- Total debt
- 1.9B SEK
- Net debt
- −336.5M SEK
- Cash
- 2.2B SEK
- EBITDA
- 1.8B SEK
- Net debt / EBITDA
- −0.19
- Debt / equity
- 53.38
- Current ratio
- 1.52
- Quick ratio
- 0.68
Growth
- Revenue growth
- +16.5%
- Earnings growth
- +44.9%
- EPS (TTM)
- 19.32 SEK
- EPS (forward)
- 12.76 SEK
Dividend
- Dividend yield
- 2.1%
- Payout
- 35.4%
Risk and market
- Beta
- 0.92
- Analyst consensus
- Buy (3)
- Target price
- 488.33 SEK
- 52-week range
- 279.40 – 479.20
Recent news
All CLAS-B.ST news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Clas Ohlson
Is Clas Ohlson stock cheap or expensive?
On P/E and EV / EBITDA, it trades 31% above the Consumer Cyclical median on average. Valuation score: 5.4 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 488.33 SEK, +11.7% versus the price. This is not investment advice.
What score does Clas Ohlson get on MeridIAn Screener?
It scores 7.2 out of 10, rank 125 of 2,130 (better than 93% of the companies analysed). Its strongest category is Quality / Moat (8.7) and its weakest, Valuation (5.4). Analysis of 08/10/2026.
What is Clas Ohlson's P/E ratio?
Its P/E is 22.6: the share price equals 22.6 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 34.3.
How much is Clas Ohlson worth on the stock market?
Its market capitalisation is 27.8B SEK and its enterprise value, debt included, is 27.5B SEK.
How much debt does Clas Ohlson have?
It has more cash than debt: net cash of 336.5M SEK.
Does Clas Ohlson pay a dividend?
Yes: its dividend yield is 2.12% and it pays out 35% of its earnings.
How has Clas Ohlson stock performed over the last year?
It has risen 27.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 279.40 and 479.20 SEK. Past performance does not guarantee future results.
What do analysts think of Clas Ohlson?
3 analysts cover it; their average recommendation is “Buy” and their average target is 488.33 SEK (+11.7% versus the price). It is an estimate, not market data.