C

CombinedX AB (publ)
STO:CX

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CombinedX AB (publ)
STO:CX
Watchlist
Price: 35.6 SEK 3.79%
Market Cap: kr693.5m

P/S

0.7
Current
2%
Cheaper
vs 3-y average of 0.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.7
=
Market Cap
kr637m
/
Revenue
kr947.7m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.7
=
Market Cap
kr637m
/
Revenue
kr947.7m

Valuation Scenarios

CombinedX AB (publ) is trading below its 3-year average

If P/S returns to its 3-Year Average (0.7), the stock would be worth kr36.21 (2% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+241%
Average Upside
104%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.7 kr35.6
0%
3-Year Average 0.7 kr36.21
+2%
5-Year Average 0.8 kr36.94
+4%
Industry Average 2.5 kr121.45
+241%
Country Average 2 kr96.13
+170%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
kr637m
/
Jan 2026
kr947.7m
=
0.7
Current
kr637m
/
Dec 2026
kr877.6m
=
0.7
Forward
kr637m
/
Dec 2027
kr845.6m
=
0.8
Forward
kr637m
/
Dec 2028
kr879.6m
=
0.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
SE
CombinedX AB (publ)
STO:CX
693.4m SEK 0.7 18.4
US
International Business Machines Corp
NYSE:IBM
213.9B USD 3.1 19.9
JP
BrainPad Inc
TSE:3655
20.9T JPY 4.8 551.4
IE
Accenture PLC
NYSE:ACN
108.9B USD 1.5 14.2
IN
Tata Consultancy Services Ltd
NSE:TCS
8.9T INR 3.4 18.4
IN
Infosys Ltd
NSE:INFY
4.7T INR 2.8 16.9
JP
Fujitsu Ltd
TSE:6702
6.5T JPY 1.9 13.6
JP
NEC Corp
TSE:6701
5.9T JPY 1.7 24.1
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 1.2 38.8
IN
HCL Technologies Ltd
NSE:HCLTECH
3.3T INR 2.6 20
JP
NTT Data Corp
TSE:9613
5.6T JPY 1.2 39.1

Market Distribution

Lower than 81% of companies in Sweden
Percentile
19th
Based on 1 386 companies
19th percentile
0.7
Low
0.1 — 1.2
Typical Range
1.2 — 4.4
High
4.4 —
Distribution Statistics
Sweden
Min 0.1
30th Percentile 1.2
Median 2
70th Percentile 4.4
Max 13 940.4

CombinedX AB (publ)
Glance View

Market Cap
693.5m SEK
Industry
Technology

CombinedX AB engages in the provision of digitalization consulting services. The company is headquartered in Karlstad, Varmland. The company went IPO on 2022-03-28. The offering consists of digital business development & transformation, service design & customer experience, business systems & business processes, data analysis & decision support, automation & robotization, application development & life cycle management, the digital workplace & identity management, managed infrastructure services & security and Internet of Things.

CX Intrinsic Value
68.41 SEK
Undervaluation 48%
Intrinsic Value
Price kr35.6
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