Fagerhult makes professional lighting fixtures, from office and retail luminaires to outdoor and industrial lighting, sold under brands such as Fagerhult, Ledvance-style LED fittings and its Swedish and UK product lines. The structural case rests on the gross margin of 37.7%, which is high for a fixture maker and points to product and specification-driven pricing rather than commodity hardware. Growth is the near-term driver, with revenue up 6.8%, and the gap between that and a 4.6% operating margin suggests cost absorption and mix are the levers to watch. The stock looks inexpensive on forward earnings, at a forward P/E of 5.0 against a trailing 16.4, but that spread is wide enough that the forward estimate needs checking before it is trusted. ROE of 2.6% is weak, so this is a balance sheet and margin-recovery question, not a quality compounder, and it is worth a deeper look only if the margin bridge holds up.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | kr 19.00 | first publication | kr 17.10 |
| 22 Oct 2026, 13:04 CEST | Rating | Undervalued | first publication | kr 17.30 |
| 22 Oct 2026, 13:04 CEST | Fair value | kr 31.76 | first publication | kr 17.30 |
Answered from Fagerhult Group AB fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| FAG.ST Fagerhult Group AB | kr 17.60 | kr 32 | 45% below | 16.9x | 2.6% | 47 | 45 |
| 1979.HK Ten Pao Group Holdings Limited | HK$1.31 | HK$2 | 31% below | 5.0x | 12.7% | 53 | 35 |
| ENR Energizer Holdings Inc. Common Stock | $22.57 | $9 | 147% above | 19.7x | 42.2% | 57 | 56 |
| PLPC Preformed Line Products Company Common Stock | $329.37 | $146 | 126% above | 37.1x | 9.0% | 60 | 68 |
| LAND.SW Landis+Gyr Group AG | CHF 51.60 | CHF 38 | 37% above | 44.9x | 3.4% | 47 | 58 |
| PLUG Plug Power Inc. Common Stock | $1.38 | - | - | - | -145.0% | 22 | 17 |
| 6526.T Socionext Inc. | ¥1755.50 | - | - | 40.5x | 6.0% | 44 | 43 |
Where FAG.ST ranks against its sector peers on each metric.