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Swedish construction company building residential, commercial and infrastructure projects across the Nordic region.
Swedish construction company building residential, commercial and infrastructure projects across the Nordic region.
Earns from construction contracts recognised as work progresses, plus homes it develops itself and sells to buyers, a line that moves with housing demand. The Paulsson family, who founded it, hold the controlling votes through Class A shares.
In one line: A Swedish construction firm like a smaller Skanska/PulteGroup hybrid.
Moat: none (scale, installed base). Large Nordic construction footprint, but construction margins are thin and cyclical with intense competition.
Headquarters: Forslov, Sweden · Founded: 1959 · Employees: 12,962
Size Peab (PEAB-B.ST) is a Sweden Industrials company (Engineering & Construction) with a market value of $2.80B, the 62nd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 94.60 on 6 Nov 2026.
Performance Over six months the shares gained 4.7%, against -7.8% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +10.2%); the operating margin is 4.1% (peer median 5.8%).
Valuation It trades at 11.4× forward earnings against a peer median of 13.5× (6th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.7 points below its cost of capital (7.9% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 60.6B | SEK 58.6B | SEK 61.3B | SEK 61.6B | SEK 61.9B |
| Revenue growth | — | -4% | -1% | -1% | — |
| Gross profit | SEK 5.73B | SEK 5.47B | SEK 5.84B | SEK 5.49B | SEK 5.57B |
| EBITDA | SEK 4.24B | SEK 4.02B | SEK 4.48B | SEK 4.12B | SEK 3.99B |
| Net income | SEK 2.22B | SEK 1.36B | SEK 2.39B | SEK 1.99B | SEK 1.83B |
| Free cash flow | SEK 1.75B | SEK 3.03B | SEK 4.92B | SEK 2.66B | -SEK 2.94B |
| Capital expenditure | SEK 1.01B | SEK 900M | SEK 596M | SEK 1.32B | SEK 1.45B |
| Total debt | SEK 14.2B | SEK 11.6B | SEK 14.4B | SEK 18.4B | SEK 19.8B |
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 | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Peab PEAB-B.ST | $2.80B | +5% | +4% | 4% | 11.4× | 6.6% |
| Skanska SKA-B.ST | $12.1B | +16% | -6% | 4% | 17.1× | 8.3% |
| NCC NCC-A.ST | $1.69B | -3% | -17% | 3% | 22.2× | -1.6% |
| Veidekke VEI.OL | $3.13B | +25% | +8% | 5% | 17.1× | -3.5% |
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 | PEAB-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | -2.2% | 5th highest of 21 |
| 6-month return | +4.7% | -7.8% | 6th highest of 21 |
| Distance from 52-week high | -11.5% | -25.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +3.8% | +10.2% | 4th lowest of 21 |
| Operating margin | 4.1% | 5.8% | 7th lowest of 21 |
| Forward P/E | 11.4× | 13.5× | 6th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 6.6% | 2.8% | 4th most demanding of 18 |
| Growth delivered (Del g) | -0.4% | +9.4% | 2nd lowest of 18 |
| Hurdle (Req g minus delivered) | +7.0 pp | -8.1 pp | 2nd most demanding of 18 |
| ROIC minus cost of capital | -0.7 pp | +7.7 pp | 4th lowest of 20 |
| EV / EBITDA | 9.0× | 9.2× | 7th cheapest of 14 |
| Net debt / EBITDA | 2.5× | 0.0× | 4th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Peab PEAB-B.ST | Sweden | $2.80B | +5% | +4% | 4% | 11.4× | 6.6% | -0.4% |
| Morgan Sindall MGNS.L | United Kingdom | $2.77B | -7% | +11% | 5% | 11.7× | -4.7% | +10.6% |
| EXEO 1951.T | Japan | $2.84B | -22% | +18% | 7% | 12.2× | -5.0% | +6.6% |
| Elecnor ENO.MC | Spain | $2.76B | -30% | +7% | 4% | 17.0× | -4.9% | +12.3% |
| Shanghai Construction 600170.SS | China | $2.89B | -20% | -22% | 1% | 16.7× | -10.4% | -2.3% |
| Bird Construction BDT.TO | Canada | $2.70B | +28% | +7% | 4% | 21.5× | 6.1% | +17.7% |
| Jgc 1963.T | Japan | $2.94B | -18% | -15% | 6% | 10.0× | n/a | n/a |
| ACME Solar ACMESOLAR.NS | India | $2.95B | +32% | +54% | 66% | 29.6× | n/a | n/a |
| Keller KLR.L | United Kingdom | $2.63B | +24% | +10% | 7% | 11.8× | 4.4% | +8.4% |
| L&K Engineering (Suzhou) 603929.SS | China | $2.99B | -50% | +43% | 25% | 14.8× | 7.5% | +39.5% |
| Bravida BRAV.ST | Sweden | $3.00B | +30% | +4% | 6% | 19.0× | 5.3% | +5.9% |
| Legence LGN | United States | $3.02B | -72% | +69% | 3% | 12.2× | 29.7% | +69.2% |
| Aecon ARE.TO | Canada | $2.59B | -4% | +23% | 2% | 26.3× | 5.1% | +8.3% |
| Cemindia Projects CEMPRO.NS | India | $2.58B | +36% | +10% | 9% | 32.8× | 42.2% | +29.9% |
| Toda 1860.T | Japan | $2.58B | -3% | +10% | 6% | 11.1× | -0.8% | +5.0% |
| SINOPEC Engineering (Group) 2386.HK | Hong Kong | $3.05B | -13% | +14% | 2% | 9.0× | n/a | n/a |
| Tecnicas Reunidas TRE.MC | Spain | $2.57B | -5% | +33% | 4% | 13.5× | -2.5% | +12.9% |
| Bilfinger GBF.DE | Germany | $2.57B | -31% | +6% | 5% | 15.5× | -6.7% | +9.4% |
| Shanghai Tunnel Engineering 600820.SS | China | $2.56B | -9% | -9% | 6% | 8.0× | -0.6% | +1.4% |
| Koninklijke Heijmans HEIJM.AS | Netherlands | $2.55B | -7% | +11% | 6% | 13.5× | 3.9% | +9.7% |
| Kraftia 1959.T | Japan | $3.10B | -29% | +5% | 12% | 10.8× | 2.8% | +4.0% |