AB Industrivärden (publ) stock
INDU-A.STSTOFinancial ServicesISIN SE0000190126
78Score 78 out of 100, Strong
Price and trend
71 / 100
Price history
+34% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 7.1% above it.
Since September 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Overheated: the price has risen very quickly lately (RSI 86).
The price is 3.3% below its 52-week high. Largest decline in 20 years: 72% (July 2007 to February 2009).
Chart figures for advanced users
- SMA 50$52.98
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$51.36
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)86
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$38.79
- The lowest closing price of the last twelve months.
- Resistance$56.85
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- AB Industrivärden (publ) belongs to the Asset Management industry (Sweden) and, with a market value of $23.75B, is number 15 of 131 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $955.79M (down 26.2% year on year) and earnings of $3.55B (up 179.8%).
- MEQIRI Score 78 out of 100 (Strong): rank 131 of 975 in Financial Services, median 68.
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- The P/E is 4.4 (Asset Management median 14, own median of recent years 5.2).
- Our model puts fair value at $113.07, with the price 51% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Modestly valuedP/E 4.4, Asset Management median 14, own median 5.2.Valuation 100
- Earnings per share growingUp 33.4% a year since 2020.Growth 67
- High return on equityReturn on equity 18.5% over the last 12 months.Profitability 77
Weaknesses
- Margin may fall backOperating margin 374.1%, average of the prior years 99.2%, which ranged from 0% to 99.8%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.
Its standout strengths are valuation and stability.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 9 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- price near its 52-week high
- calm price action
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $80.76 and expensive above $188.44 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $51.57 (cash-flow model) and $174.56 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.2%. At 8.2% the fair value would be $108.71, at 6.2% it would be $119.60.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (14).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In fiscal 2025, revenue fell 26.2% on the prior year. Revenue swung sharply, with 3 of 16 years negative. From 2010 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 374%, net 371%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out. Last 12 months: net 100%. From 2010 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 5 Feb 2027in 84 days
- Last reported
- 7 Oct 2026EPS reported −$0.38
Analyst estimates
Earnings estimates have barely changed since 7 Nov 2026.
- Earnings per share
- $5.550.0%
- Revenue
- $907.28M0.0%
- Earnings per share
- $5.000.0%
- Revenue
- $871M0.0%
MEQIRI has stored the estimates since 7 Nov 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at AB Industrivärden (publ)
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
975 rated companies in Financial Services
- This company
- 78
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Asset Management
The next larger and next smaller companies by market value
- EQTEQT.ST $39.58B67
- Northern TrustNTRS $32.18B80
- Raymond James FinancialRJF $32.14B78
- Principal Financial GroupPFG $23.99B73
- T. Rowe Price GroupTROW $23.09B75
- AmundiAMUN.PA $21.81B74
- Partners Group HoldingPGHN.SW $20.48B78
- TPGTPG $18.44B72
ETFs that hold AB Industrivärden (publ)
Held by 84 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares OMX Stockholm Capped UCITS ETFOM3X | 0.75% | 0.10% | €198.93M |
| Xtrackers MSCI Nordic UCITS ETF 1DXDN0 | 0.38% | 0.30% | €1.19B |
| Deka MSCI Europe MC UCITS ETFEL43 | 0.23% | 0.36% | €67.53M |
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| iShares MSCI Europe Mid-Cap Equal Weight UCITS ETFCEMT | 0.20% | 0.25% | €36.34M |
| State Street SPDR MSCI Europe Value UCITS ETFZPRW | 0.18% | 0.20% | €92.01M |
| State Street SPDR MSCI Europe Financials UCITS ETFSPYZ | 0.17% | 0.18% | €829.48M |
| iShares MSCI Europe Financials Sector UCITS ETFESIF | 0.17% | 0.18% | €664.36M |
| iShares Edge MSCI Europe Momentum Factor UCITS ETFCEMR | 0.13% | 0.25% | €776.65M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 1 May 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.