VBG Group makes and sells Swedish-listed automotive aftermarket and vehicle-related products, and the numbers here are those of a company converting a thin margin structure into steady growth. Revenue is growing 8.7%, with a 30.7% gross margin and a 9.1% operating margin, which leaves room for operating leverage if volumes keep rising. The stock trades at 18.8 times trailing earnings but only 12.1 times forward earnings, a gap of about a third that implies the market expects a meaningful step up in profit. ROE of 10.2% is respectable rather than exceptional for a company of this size, so the case rests on whether that forward earnings gap is credible. It is small (7.7 billion SEK) and sits in no major index, so the work to do is on the order book, cost base and cash conversion, not on a broad re-rating story.
Plain-English pros, cons, and what to watch. Pro feature.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | kr 331 | first publication | kr 309 |
| 22 Oct 2026, 12:04 CEST | Rating | Overvalued | first publication | kr 312 |
| 22 Oct 2026, 12:04 CEST | Fair value | kr 266 | first publication | kr 312 |
Answered from VBG Group AB (publ) fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| VBG-B.ST VBG Group AB (publ) | kr 306.00 | kr 266 | 15% above | 18.6x | 10.2% | 59 | 48 |
| 2025.HK Ruifeng Power Group Company Limited | HK$12.20 | - | - | 414.3x | 2.2% | 35 | 34 |
| EXIDEIND.NS Exide Industries Limited | ₹331.95 | - | - | 30.3x | - | 67 | 60 |
| 6471.T NSK Ltd. | ¥988.80 | ¥756 | 31% above | 15.5x | 4.9% | 43 | 67 |
| 5110.T Sumitomo Rubber Industries, Ltd. | ¥1943.50 | - | - | 8.3x | 9.0% | 52 | 62 |
| ENDURANCE.NS Endurance Technologies Limited | ₹2237.40 | - | - | 33.8x | - | 71 | 53 |
| 5991.T NHK Spring Co., Ltd. | ¥3088.00 | - | - | 18.1x | 8.1% | 48 | 64 |
Where VBG-B.ST ranks against its sector peers on each metric.