Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
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Price: 89.4 SEK 1.52% Market Closed
Market Cap: kr54.5B

P/B

21.2
Current
No historical data
Comparison unavailable

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
21.2
=
Market Cap
kr54.5B
/
Total Equity
kr2.6B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
21.2
=
Market Cap
kr54.5B
/
Total Equity
kr2.6B

Valuation Scenarios

Fortnox AB is trading above its 3-year average

If P/B returns to its 3-Year Average (21.2), the stock would be worth kr89.4 (0% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-90%
Maximum Upside
+5%
Average Downside
41%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 21.2 kr89.4
0%
3-Year Average 21.2 kr89.4
0%
5-Year Average 22.3 kr94.14
+5%
Industry Average 4 kr16.87
-81%
Country Average 2.2 kr9.19
-90%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
SE
Fortnox AB
STO:FNOX
54.5B SEK 21.2 70.7
US
Ezenia! Inc
OTC:EZEN
567B USD -503 105.6 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
336.5B USD 45.4 206.6
DE
SAP SE
XETRA:SAP
173.8B EUR 3.9 24.3
US
Salesforce Inc
NYSE:CRM
169.9B USD 2.9 22.8
US
Applovin Corp
NASDAQ:APP
151.9B USD 71.2 45.6
US
Intuit Inc
NASDAQ:INTU
111.1B USD 5.8 25.5
US
Adobe Inc
NASDAQ:ADBE
98.7B USD 8.6 13.7
US
Synopsys Inc
NASDAQ:SNPS
95.4B USD 3 84.1
US
NCR Corp
LSE:0K45
92B USD 79.7 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.4B USD 16.2 79.7
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 276.4
70.7
26%
2.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
206.6
58%
3.6
DE
SAP SE
XETRA:SAP
24.3
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.8
31%
0.7
US
Applovin Corp
NASDAQ:APP
45.6
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.5
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
13.7
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
84.1
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.7
39%
2

Market Distribution

Higher than 96% of companies in Sweden
Percentile
96th
Based on 1 382 companies
96th percentile
21.2
Low
0 — 1.2
Typical Range
1.2 — 3.7
High
3.7 —
Distribution Statistics
Sweden
Min 0
30th Percentile 1.2
Median 2.2
70th Percentile 3.7
Max 283.3

Fortnox AB
Glance View

Market Cap
54.5B SEK
Industry
Technology

Fortnox AB, nestled in the heart of Sweden, has carved a remarkable niche in the realm of cloud-based solutions, catering predominantly to small and medium-sized enterprises (SMEs). Born out of the necessity to simplify and streamline cumbersome business processes, Fortnox offers a spectrum of software services that facilitate accounting, invoicing, payroll, and much more. At its core, the company operates on a subscription-based model, which not only ensures a steady stream of recurring revenue but also allows its customers to customize their usage based on unique business needs. This adaptability and the convenience of cloud services provide Fortnox’s clients with the freedom to manage their business affairs with unparalleled ease and efficiency, from anywhere at any time. Emphasizing integration and user-friendliness, Fortnox thrives on the principle of connectivity—partnering seamlessly with various banks and financial institutions. This interconnectedness enhances the company’s appeal as it transforms financial data management into a more streamlined, automated process, fostering greater agility for its customers. By continuously evolving its product offerings and incorporating cutting-edge technological advancements, Fortnox ensures it remains at the forefront of innovation within the crowded financial technology sector. As businesses increasingly migrate to digital platforms, Fortnox cleverly positions itself as more than just a service provider; it becomes an indispensable partner in the digital transformation journey, effectively creating an ecosystem that encourages growth and innovation for SMEs across Sweden and beyond.

FNOX Intrinsic Value
34.79 SEK
Overvaluation 61%
Intrinsic Value
Price kr89.4
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