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Wallenberg family's listed holding company, owning large stakes in Swedish industrial and healthcare leaders like Atlas Copco, AstraZeneca, and ABB.
Wallenberg family's listed holding company, owning large stakes in Swedish industrial and healthcare leaders like Atlas Copco, AstraZeneca, and ABB.
Not an operating company: it earns dividends from large stakes in listed companies and gains when their share prices rise, and owns smaller private businesses outright through Patricia Industries. The Wallenberg family foundations control it through shares with extra votes. It has held many of these companies for decades.
In one line: A Swedish Berkshire Hathaway focused on Nordic industrials.
Moat: narrow (scale, brand). Century-old Wallenberg governance and capital gives patient, influential ownership stakes, not an operating moat.
Headquarters: Stockholm, Sweden · Founded: 1916 · Employees: 19,351
Size Investor (INVE-A.ST) is a Sweden Financials company (Financial Conglomerates) with a market value of $133B, the largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 420.20 on 6 Nov 2026.
Performance Over six months the shares gained 16.1%, against +1.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 1.5% over the last twelve months (peer median +2.4%); the operating margin is 157.7% (peer median 35.0%).
Valuation It trades at 1.17× book value against a peer median of 1.15× (11th cheapest of 21).
Price implies The share price implies a return on equity of about 9.0%; Investor delivers 21.5%, so the price asks less than the business earns today.
Credit Investor has 8 bonds outstanding ($4.43B), rated AA- by the agencies and trading like AA+ at a weighted spread of 85 bp.
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 141B | SEK 83.7B | SEK 79.3B | SEK 69.9B | SEK 70.7B |
| Revenue growth | — | +6% | +13% | -1% | — |
| Gross profit | SEK 105B | SEK 45.6B | SEK 41.0B | SEK 32.1B | SEK 37.2B |
| EBITDA | n/a | SEK 168B | SEK 124B | SEK 136B | -SEK 62.3B |
| Net income | SEK 215B | SEK 157B | SEK 113B | SEK 127B | -SEK 74.7B |
| Free cash flow | SEK 23.1B | SEK 19.0B | SEK 19.2B | SEK 17.2B | SEK 12.2B |
| Capital expenditure | SEK 3.39B | SEK 3.18B | SEK 4.42B | SEK 3.72B | SEK 4.37B |
| Total debt | SEK 127B | SEK 116B | SEK 99.0B | SEK 89.1B | SEK 91.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Investor INVE-A.ST | $133B | +16% | +2% | 21% | 1.17× | 9.0% |
| Berkshire Hathaway BRK-B | $1.22T | +20% | +4% | 12% | 1.64× | 10.8% |
| Eqt EQT.ST | $39.2B | +1% | -18% | 14% | 4.20× | 33.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | INVE-A.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | +4.3% | 8th highest of 21 |
| 6-month return | +16.1% | +1.4% | 3rd highest of 20 |
| Return on equity | 21.5% | 11.1% | 5th highest of 21 |
| Price / book | 1.17× | 1.15× | 11th cheapest of 21 |
| Trailing P/E | 6.0× | 12.0× | 4th cheapest of 17 |
| ROE the price implies | 9.0% | 8.9% | 10th most demanding of 21 |
| ROE delivered | 21.5% | 13.1% | 5th highest of 20 |
| Bond spread | 85 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Investor INVE-A.ST | Sweden | $133B | +16% | +2% | 21% | 1.17× | 9.0% | 21.5% |
| Ts Financial 2887.TW | Taiwan | $29.2B | +62% | +200% | 15% | 1.38× | 5.9% | 15.3% |
| Exor EXO.AS | Netherlands | $26.2B | +10% | +59% | -13% | 0.46× | 4.6% | -12.6% |
| Industrivarden INDU-A.ST | Sweden | $23.4B | +9% | -1% | 27% | 1.03× | 9.4% | 27.2% |
| China Resources New Energy 001248.SZ | China | $21.5B | n/a | 0% | 7% | 1.20× | 3.7% | n/a |
| HAL Trust HAL.AS | Netherlands | $17.2B | +1% | -5% | 9% | 0.94× | 6.4% | 9.1% |
| Julius Baer Gruppe BAER.SW | Switzerland | $17.1B | +2% | 0% | 16% | 1.89× | 8.8% | 16.2% |
| Jio Financial Services JIOFIN.NS | India | $16.2B | -8% | +117% | 1% | 1.18× | 19.7% | 1.3% |
| L E Lundbergforetagen LUND-B.ST | Sweden | $15.3B | +16% | -4% | 14% | 1.04× | 8.4% | 14.2% |
| Investment AB Latour LATO-B.ST | Sweden | $14.2B | +19% | +3% | 17% | 3.22× | 27.0% | 16.8% |
| Ares Capital ARCC | United States | $13.8B | +1% | -8% | 6% | 0.99× | 8.1% | 6.2% |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | India | $13.0B | +4% | -14% | 13% | 1.67× | 20.7% | 13.1% |
| Washington H. Soul Pattinson and SOL.AX | Australia | $12.5B | +12% | +143% | 20% | 1.42× | 8.9% | 19.8% |
| BitMine Immersion Technologies BMNR | United States | $11.3B | -15% | +1,022% | -151% | 0.94× | 15.1% | -151.2% |
| SBI 8473.T | Japan | $11.2B | -13% | +20% | 28% | 0.91× | 8.0% | 28.4% |
| M&G MNG.L | United Kingdom | $10.3B | +7% | +68% | -4% | 2.91× | 32.8% | -3.8% |
| Aker AKER.OL | Norway | $8.60B | -7% | -17% | 50% | 1.18× | 11.7% | 50.3% |
| Brookfield Business BBUC.TO | Canada | $6.15B | -9% | +106% | -24% | 1.11× | 11.6% | -23.5% |
| Onex ONEX.TO | Canada | $5.91B | -7% | +2% | 5% | 0.60× | 6.5% | 5.2% |
| Azimut AZM.MI | Italy | $5.70B | -1% | +17% | 28% | 2.62× | 24.8% | 28.5% |
| Blue Owl Capital OBDC | United States | $5.39B | -4% | +1% | 4% | 0.77× | 7.1% | 3.9% |
Investor has 8 bonds outstanding with $4.43B face value. The agencies rate it AA-; its bonds trade like AA+. Weighted yield 4.18%, a spread of 85 bp over government bonds.