IAR Systems Group AB
STO:IAR B

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IAR Systems Group AB Logo
IAR Systems Group AB
STO:IAR B
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Price: 180 SEK 0.78% Market Closed
Market Cap: kr2.4B

EV/EBIT

21.1
Current
34%
More Expensive
vs 3-y average of 15.8

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
21.1
=
Enterprise Value
kr2.2B
/
EBIT
kr103.4m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
21.1
=
Enterprise Value
kr2.2B
/
EBIT
kr103.4m

Valuation Scenarios

IAR Systems Group AB is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (15.8), the stock would be worth kr134.8 (25% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-25%
Maximum Upside
No Upside Scenarios
Average Downside
16%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 21.1 kr180
0%
3-Year Average 15.8 kr134.8
-25%
5-Year Average 17.9 kr152.98
-15%
Industry Average 19.3 kr165.03
-8%
Country Average 17.8 kr152.15
-15%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
kr2.2B
/
Jul 2025
kr103.4m
=
21.1
Current
kr2.2B
/
Dec 2025
kr89.6m
=
24.3
Forward
kr2.2B
/
Dec 2026
kr91.7m
=
23.8
Forward
kr2.2B
/
Dec 2027
kr92.7m
=
23.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
SE
IAR Systems Group AB
STO:IAR B
2.3B SEK 21.1 32.1
US
Ezenia! Inc
OTC:EZEN
567B USD -177 298 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
337.4B USD 235.9 209.4
DE
SAP SE
XETRA:SAP
171.8B EUR 16.2 23.4
US
Salesforce Inc
NYSE:CRM
162.4B USD 18.8 22.4
US
Applovin Corp
NASDAQ:APP
153.7B USD 37 45.8
US
Intuit Inc
NASDAQ:INTU
106.4B USD 20.4 25.2
US
Adobe Inc
NASDAQ:ADBE
97B USD 10.8 13.8
US
Synopsys Inc
NASDAQ:SNPS
87.5B USD 105.4 87.1
US
NCR Corp
LSE:0K45
86.7B USD 604.2 2 065.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
85.4B USD 54.1 81.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
IAR Systems Group AB
STO:IAR B
Average EV/EBIT: 112.4
21.1
-11%
N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
235.9
82%
2.9
DE
SAP SE
XETRA:SAP
16.2
15%
1.1
US
Salesforce Inc
NYSE:CRM
18.8
29%
0.6
US
Applovin Corp
NASDAQ:APP
37
37%
1
US
Intuit Inc
NASDAQ:INTU
20.4
31%
0.7
US
Adobe Inc
NASDAQ:ADBE
10.8
17%
0.6
US
Synopsys Inc
NASDAQ:SNPS
105.4
79%
1.3
US
N
NCR Corp
LSE:0K45
604.2
23%
26.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
54.1
28%
1.9
P/E Multiple
Earnings Growth PEG
SE
IAR Systems Group AB
STO:IAR B
Average P/E: 260.6
32.1
-19%
N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
209.4
58%
3.6
DE
SAP SE
XETRA:SAP
23.4
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.4
29%
0.8
US
Applovin Corp
NASDAQ:APP
45.8
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.2
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
13.8
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
87.1
44%
2
US
N
NCR Corp
LSE:0K45
2 065.2
52%
39.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
81.5
39%
2.1

Market Distribution

In line with most companies in Sweden
Percentile
65th
Based on 1 191 companies
65th percentile
21.1
Low
0.2 — 14
Typical Range
14 — 23.3
High
23.3 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 14
Median 17.8
70th Percentile 23.3
Max 4 325.3

IAR Systems Group AB
Glance View

Market Cap
2.4B SEK
Industry
Technology

IAR Systems Group AB engages in the provision of software for programming of processors in embedded systems. The company is headquartered in Uppsala, Uppsala and currently employs 214 full-time employees. Its activities comprise one business segment: IAR Systems. The firm specializes in the development of tools for embedded systems. Its software solutions are implemented to products based on 8-, 16-, and 32-bit microcontrollers, which are used in a range of areas, such as industrial automation, medical devices, consumer electronics, telecommunication and automotive products. Furthermore, its partners network comprises Freescale Semiconductor, Fujitsu, Texas Instruments, Samsung, NXP Semiconductors, Toshiba, Seiko Epson Corporation, and Infineon Technologies, among others. The firm operates through a number of subsidiaries located in the United States, England, Norway, China, Japan, and Finland, among others.

IAR B Intrinsic Value
140.73 SEK
Overvaluation 22%
Intrinsic Value
Price kr180
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