Peab PEAB-B.ST
SwedenIndustrials · Engineering & ConstructionNasdaq Estocolmo · SEK
106.67 SEK (+15.0%)
3 analysts
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Peab AB is one of Sweden's leading construction and infrastructure development companies, with an integrated business model spanning from construction to property development.
Listed on Nasdaq Estocolmo · Symbol PEAB-B.ST · STO: PEAB-B · Currency SEK
Key points
from its scores- ✓Good share-price trend8.2
- ✓Attractive valuation7.6
- ✓Attractive dividend7.4
- ✕Fragile balance sheet4.7
- ✕Little competitive advantage4.8
AI analysis
bottom line, main risk, context and newsHold, given the attractive valuation and dividend, but watch leverage and the sustainability of growth in a rising rate environment.
Peab AB shows moderate financial health with high leverage (Net Debt/EBITDA of 3.16), but its valuation is attractive (P/E 12.76, FCF yield 10.10%) and its 737% earnings growth reflects a cyclical peak that is not sustainable. Quality is average (ROIC 10.10%) and the dividend is stable (yield 2.80%).
The main risk is the high sensitivity of the construction business to interest rates and economic activity, which could reduce demand for new housing and infrastructure projects, impacting margins and cash generation.
Context and risks
Peab AB, a Swedish construction company, operates in a country with solid governance, but its sector is exposed to regulatory and safety reviews. The main risk is the cyclical nature of construction and its sensitivity to interest rates, which affect demand for new housing.
Is Peab stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 40% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.8 | 25.4 | −50% |
| EV / EBITDA | 10.1 | 14.5 | −30% |
| Price / book | 1.6 | 4.1 | −60% |
| Price / sales | 0.4 | 2.1 | −79% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.6 out of 10 (median for Industrials: 5.0).
Average analyst target: 106.67 SEK, +15.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.7 (sector 6.4), Growth 7.2 (sector 6.6).
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 Industrials medianValuation
- P/E
- 12.8
- Forward P/E
- 15.4
- EV / EBITDA
- 10.1
- Price / book
- 1.6
- Price / sales
- 0.4
- PEG
- 4.06
- Market cap
- 25.9B SEK
- Enterprise value
- 37.7B SEK
Profitability
- ROE
- 13.2%
- ROA
- 3.4%
- ROIC (approx.)
- 10.1%
- Gross margin
- 9.3%
- Operating margin
- 5.0%
- Net margin
- 3.5%
- Free cash flow
- 2.6B SEK
- FCF yield
- 10.1%
- Cash conversion
- 70%
Solvency
- Total debt
- 13.9B SEK
- Net debt
- 11.7B SEK
- Cash
- 2.2B SEK
- EBITDA
- 3.7B SEK
- Net debt / EBITDA
- 3.16
- Debt / equity
- 87.34
- Current ratio
- 1.53
- Quick ratio
- 0.64
Growth
- Revenue growth
- +9.9%
- Earnings growth
- +737.0%
- EPS (TTM)
- 7.27 SEK
- EPS (forward)
- 6.01 SEK
Dividend
- Dividend yield
- 3.3%
- Payout
- 41.9%
Risk and market
- Beta
- 1.28
- Analyst consensus
- Buy (3)
- Target price
- 106.67 SEK
- 52-week range
- 73.15 – 106.90
Recent news
All PEAB-B.ST news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Peab
Is Peab stock cheap or expensive?
On P/E and EV / EBITDA, it trades 40% below the Industrials median on average. Valuation score: 7.6 out of 10 (median for Industrials: 5.0). Average analyst target: 106.67 SEK, +15.0% versus the price. This is not investment advice.
What score does Peab get on MeridIAn Screener?
It scores 6.1 out of 10, rank 924 of 2,130 (better than 55% of the companies analysed). Its strongest category is Momentum (8.2) and its weakest, Financial health (4.7). Analysis of 08/10/2026.
What is Peab's P/E ratio?
Its P/E is 12.8: the share price equals 12.8 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 15.4.
How much is Peab worth on the stock market?
Its market capitalisation is 25.9B SEK and its enterprise value, debt included, is 37.7B SEK.
How much debt does Peab have?
Its net debt (debt minus cash) is 11.7B SEK. That is 3.16 times its EBITDA; the Industrials median is 1.58.
Does Peab pay a dividend?
Yes: its dividend yield is 3.29% and it pays out 42% of its earnings.
How has Peab stock performed over the last year?
It has risen 27.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 73.15 and 106.90 SEK. Past performance does not guarantee future results.
What do analysts think of Peab?
3 analysts cover it; their average recommendation is “Buy” and their average target is 106.67 SEK (+15.0% versus the price). It is an estimate, not market data.