Rankings Financial data & insurance broking Investor AB
Investor AB
78
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Premium to net asset value vs own history−7
- Unlisted holdings (Mölnlycke)−2
- Capital allocation (Electrolux)−2
Strengths
- Strong balance sheet+2
- Return above index+2
How the score is built
From 100 to 78, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 418.60 SEK
- Median analyst target
- 443.00 SEK
- Upside to median
- +5.8%
- Analysts
- 3
- Target range
- 419.00 – 460.00 SEK
- 52-week change
- +34%
- P/E (trailing)
- 6.0
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−4 of −30
- −2Unlisted holdings (Mölnlycke)Mölnlycke, the largest unlisted investment, grew only 2% organically in H1 2026 (wound care 2%), and Patricia Industries delivered −3% in total return vs +14% for the listed holdings. Portfolio companies' EBITA rose 13%, though.
- −2Capital allocation (Electrolux)Investor is subscribing for its share (about SEK 1.7bn) and guaranteeing a further 1.7bn in Electrolux's SEK 9bn rights issue. Investor owns 17.9% of the capital and 30.4% of the votes in a company that has had to strengthen its balance sheet and hand parts of North American production to Midea; more money is being sent after a weak holding.
Price
Today's multiples against the company's own history and its peers. · 2 findings−9 of −35
- −7Premium to net asset value vs own historyThe B share trades at a 3.0% premium to net asset value (24 Sep 2026) vs an average discount of about 8% over the last five years (Placera); P/B 1.14 vs 0.96–1.09 in 2021–2025. The discount that historically gave a margin of safety is gone.
- −2PeersThe 3.0% premium is higher than Industrivärden C (+1.4%) and Latour (+2.8%) and far from Lundbergs (−10.6%) and Kinnevik (−43.9%). Among the large Swedish investment companies, only Öresund is more expensive.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 2 findings−2 of −35
- −1GovernanceThe Wallenberg sphere controls Investor via the A shares (the B share has 1/10 of a vote); insiders own only 0.17% economically.
- −1Unlisted valuationPatricia Industries and the EQT investments are valued by Investor itself or by models; EQT Investments fell 2% and Patricia 3% in H1. The premium is also paid for self-valued assets.
Plus
Only documented strengths. · 2 findings+4 of +15
- +2Strong balance sheetLoan-to-value only 1.9% (2.1% at the end of 2025), SEK 28.8bn of gross cash and an average debt maturity of 8.7 years.
- +2Return above indexTotal return of 15% in H1 2026 vs 9% for SIXRX; adjusted net asset value rose to SEK 1,214.7bn (SEK 397 per share from 355 at the end of 2025).
Caveats
What the score does not capture, or where the data is weak.
Investment company: assessed on premium/discount to net asset value; EPS, P/E (4.7 due to unrealised value gains) and PEG are meaningless, so the PEG formula may give a skewed result. Stockanalysis only has the A share (quote/sto/INVE.A); the B share is the liquid one but trades close to the same price. Only 3 analysts. Net asset value is as of 30 June (SEK 397); Q3 report in October. Portfolio concentration (ABB, Atlas Copco, AstraZeneca and others) has not been examined separately. Industry: closest match is 'Financial data & insurance broking'.
Also in Financial data & insurance broking
The highest scores in the same industry.
