Who are Lagercrantz's main competitors?

Named competitors: Indutrade (INDT.ST), Addtech (ADDT-B.ST), Lifco (LIFCO-B.ST). The cockpit's measured peer set (industry) also includes Quectel Wireless Solutions (603236.SS), MDA Space (MDA.TO), LG Innotek (011070.KS), Shenzhen Sunlord Electronics (002138.SZ), JoulWatt Technology (688141.SS), Asmpt (0522.HK).

How has Lagercrantz stock performed?

Over six months to 6 Nov 2026 the shares returned -6.4% against -19.7% for the median peer; over one year -1.1%.

← CockpitCompetitor Analysis › LAGR-B.ST Lagercrantz Group AB Class BOpen in the cockpit ↗

Lagercrantz Group AB Class BLAGR-B.STCompetitor analysis, valuation and peers

Sweden · SEK·Information Technology›Electronic Production Equipment

Swedish industrial technology group that acquires and grows niche electronics, communications and automation businesses.

≈ A smaller Nordic serial acquirer like Roper Technologies/IndutradeMomentum weak 34

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.72B

US dollars, full cap

Free float

96%

of shares outstanding

$/day

$4.38M

20-day average traded

Fwd P/E

30.8×

forward earnings

ROIC−WACC

+4.7 pp

WACC 9.5%

Hurdle

-0 pp

Req g minus delivered

Next earnings

89 days

3 Feb 2027

Close · SEKSEK 226.20

1D-1.6%

1W-1.1%

1M+1.1%

3M-1.8%

6M-6.4%

YTD+6.3%

1Y-1.1%

ATR %2.8%

52w lowhigh15.2% off high

What Lagercrantz does

Swedish industrial technology group that acquires and grows niche electronics, communications and automation businesses.

Runs as a holding group of dozens of small companies, each keeping its own management, customers and product niche, and buys more of them largely with cash the group already generates. Many design or distribute specialist electronics and communications equipment, so earnings come from many small positions rather than one large product line.

In one line: A smaller Nordic serial acquirer like Roper Technologies/Indutrade.

Products and services

Electronics division products
Communications equipment
Niche automation/mechatronics products

Customers

Industrial and infrastructure customers across nic

Where it sits in the supply chain

Industrials
Diversified industrial technology
Serial acquisition of niche…

What could go right

Steady bolt-on M&A pipeline
Diversified end-market exposure

What could go wrong

Acquisition integration/valuation risk
Cyclical industrial end-markets

Moat: narrow (scale, installed base, distribution). Decentralized model with many niche market-leading subsidiaries; each has narrow moats, aggregated into a resilient group.

Headquarters: Stockholm, Sweden · Founded: 1992 · Employees: 3,627

Named competitors

Indutrade INDT.ST
Addtech ADDT-B.ST
Lifco LIFCO-B.ST

Lagercrantz at a glance

Size Lagercrantz (LAGR-B.ST) is a Sweden Information Technology company (Electronic Production Equipment) with a market value of $4.72B, the 49th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 226.20 on 6 Nov 2026.

Performance Over six months the shares fell 6.4%, against -19.7% for the median peer and +8.2% for the Sweden market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 17.0% over the last twelve months (peer median +21.1%); the operating margin is 15.2% (peer median 7.3%).

Valuation It trades at 30.8× forward earnings against a peer median of 20.8× (5th most expensive of 19).

Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -0 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.7 points above its cost of capital (9.5% WACC).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Lagercrantz against the median of its 20 peers (local-currency closes).

Lagercrantz financials

Reported figures in SEK; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	SEK 11.6B	SEK 10.6B	SEK 9.39B	SEK 8.13B	SEK 7.25B
Revenue growth	—	+13%	+16%	+12%	—
Gross profit	SEK 4.52B	SEK 3.76B	SEK 3.30B	SEK 2.88B	SEK 2.47B
EBITDA	SEK 2.01B	SEK 2.24B	SEK 1.95B	SEK 1.69B	SEK 1.45B
Net income	SEK 1.33B	SEK 1.20B	SEK 1.02B	SEK 877M	SEK 758M
Free cash flow	SEK 1.35B	SEK 1.34B	SEK 1.20B	SEK 1.24B	SEK 931M
Capital expenditure	SEK 202M	SEK 214M	SEK 169M	SEK 125M	SEK 178M
Total debt	SEK 5.61B	SEK 4.49B	SEK 4.04B	SEK 3.25B	SEK 2.63B

Quarterly statements and history in the cockpit →

Lagercrantz competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Lagercrantz is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Lagercrantz is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Lagercrantz is the large dot.

Lagercrantz competitors and peer comparison

Head to head with its named competitors (LAGR-B.ST vs INDT.ST vs ADDT-B.ST vs LIFCO-B.ST)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Lagercrantz LAGR-B.ST	$4.72B	-6%	+17%	15%	30.8×	20.6%
Indutrade INDT.ST	$9.94B	+39%	+6%	12%	28.6×	18.4%
Addtech ADDT-B.ST	$8.66B	-2%	+4%	13%	30.7×	19.3%
Lifco LIFCO-B.ST	$13.1B	+1%	+7%	19%	29.3×	15.2%

How Lagercrantz compares with its peers

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.

Lagercrantz against its 20 peers (data as of 6 Nov 2026)
Measure	LAGR-B.ST	Peer median	Rank in peer set
1-month return	+1.1%	-21.4%	3rd highest of 21
6-month return	-6.4%	-19.7%	9th highest of 21
Distance from 52-week high	-15.2%	-46.8%	2nd highest of 21
Revenue growth (TTM)	+17.0%	+21.1%	7th lowest of 21
Operating margin	15.2%	7.3%	6th highest of 21
Forward P/E	30.8×	20.8×	5th most expensive of 19
Growth the price implies (Req g, 7 yrs)	20.6%	14.6%	5th most demanding of 13
Growth delivered (Del g)	+21.0%	+11.1%	3rd highest of 13
Hurdle (Req g minus delivered)	-0.4 pp	+9.5 pp	5th least demanding of 13
ROIC minus cost of capital	+4.7 pp	+0.6 pp	4th highest of 21
EV / EBITDA	25.5×	13.2×	most expensive of 8
Net debt / EBITDA	2.6×	-0.6×	most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Lagercrantz LAGR-B.ST	Sweden	$4.72B	-6%	+17%	15%	30.8×	20.6%	+21.0%
Quectel Wireless Solutions 603236.SS	China	$4.71B	+50%	+30%	5%	21.1×	n/a	n/a
MDA Space MDA.TO	Canada	$4.65B	-14%	+38%	5%	28.1×	n/a	n/a
LG Innotek 011070.KS	South Korea	$4.62B	-54%	+20%	4%	9.6×	-0.3%	+18.1%
Shenzhen Sunlord Electronics 002138.SZ	China	$4.55B	+11%	+20%	16%	24.4×	14.5%	+14.2%
JoulWatt Technology 688141.SS	China	$4.44B	-30%	+50%	-28%	n/a	n/a	n/a
Asmpt 0522.HK	Hong Kong	$5.02B	-47%	+21%	9%	20.4×	12.1%	-1.3%
Plexus PLXS	United States	$5.12B	-28%	+23%	5%	17.9×	n/a	n/a
3Peak 688536.SS	China	$5.26B	-5%	+74%	16%	50.7×	46.0%	+30.6%
Guangdong Fenghua Advanced Technology (Holding) 000636.SZ	China	$5.42B	+26%	+36%	8%	45.0×	28.6%	+5.9%
Universal Display OLED	United States	$3.98B	-4%	-2%	35%	19.6×	14.3%	+8.7%
AAC Technologies 2018.HK	Hong Kong	$5.60B	-4%	+16%	8%	13.8×	1.2%	+12.4%
Guobo Electronics 688375.SS	China	$5.61B	-49%	-12%	13%	83.0×	39.7%	+1.4%
Jones Tech 300684.SZ	China	$3.83B	+20%	+15%	20%	45.3×	42.9%	+9.8%
BYD Electronic 0285.HK	Hong Kong	$6.15B	-24%	+4%	1%	19.5×	-0.8%	+18.8%
Changsha Jingjia Microelectronics 300474.SZ	China	$3.59B	-30%	+50%	-77%	n/a	n/a	n/a
Vishay Intertechnology VSH	United States	$3.57B	-32%	+18%	5%	13.2×	18.8%	+4.2%
Fositek 6805.TW	Taiwan	$3.50B	-15%	+46%	27%	20.0×	14.7%	+41.1%
Universal Scientific Industrial (Shanghai) 601231.SS	China	$6.50B	-52%	+4%	3%	19.6×	n/a	n/a
Olympic Circuit Technology 603920.SS	China	$3.29B	-42%	+21%	6%	30.1×	n/a	n/a
Guangdong Create Century Intelligent Equipment 300083.SZ	China	$3.13B	+7%	+35%	11%	24.4×	n/a	n/a

Questions

Who are Lagercrantz's main competitors?: Named competitors: Indutrade (INDT.ST), Addtech (ADDT-B.ST), Lifco (LIFCO-B.ST). The cockpit's measured peer set (industry) also includes Quectel Wireless Solutions (603236.SS), MDA Space (MDA.TO), LG Innotek (011070.KS), Shenzhen Sunlord Electronics (002138.SZ), JoulWatt Technology (688141.SS), Asmpt (0522.HK).
Is Lagercrantz expensive compared with its peers?: On forward p/e it trades at 30.8× against a peer median of 20.8×, 5th most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -0 pp: the price already allows for a slowdown.
How has Lagercrantz stock performed?: Over six months to 6 Nov 2026 the shares returned -6.4% against -19.7% for the median peer; over one year -1.1%.