Afry AB
STO:AFRY

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Afry AB
STO:AFRY
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Price: 129.3 SEK -0.23% Market Closed
Market Cap: kr14.1B

EV/EBITDA

8.2
Current
11%
Cheaper
vs 3-y average of 9.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.2
=
Enterprise Value
kr18B
/
EBITDA
kr2.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.2
=
Enterprise Value
kr18B
/
EBITDA
kr2.2B

Valuation Scenarios

Afry AB is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (9.3), the stock would be worth kr146.08 (13% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+80%
Average Upside
38%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.2 kr129.3
0%
3-Year Average 9.3 kr146.08
+13%
5-Year Average 10.6 kr166.1
+28%
Industry Average 10.6 kr167.03
+29%
Country Average 14.9 kr233.06
+80%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr18B
/
Jan 2026
kr2.2B
=
8.2
Current
kr18B
/
Dec 2026
kr2.8B
=
6.4
Forward
kr18B
/
Dec 2027
kr3.2B
=
5.6
Forward
kr18B
/
Dec 2028
kr3.5B
=
5.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
Afry AB
STO:AFRY
14.7B SEK 8.2 18.3
UK
Relx PLC
LSE:REL
48.8B GBP 14.6 23.6
UK
IHS Markit Ltd
F:0M3
37.9B EUR 26.9 36.5
CA
Thomson Reuters Corp
TSX:TRI
56.5B CAD 13.9 26.4
IE
Experian PLC
LSE:EXPN
25.4B GBP 13.5 24.9
US
Verisk Analytics Inc
NASDAQ:VRSK
24.5B USD 15.1 27
US
Equifax Inc
NYSE:EFX
21.1B USD 13.7 31.9
CH
SGS SA
SIX:SGSN
16.7B CHF 12.5 25.1
US
Leidos Holdings Inc
NYSE:LDOS
18.7B USD 9.2 12.9
NL
Wolters Kluwer NV
AEX:WKL
14.9B EUR 9.1 11.4
US
UL Solutions Inc
NYSE:ULS
18B USD 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Afry AB
STO:AFRY
Average EV/EBITDA: 13.7
8.2
16%
0.5
UK
Relx PLC
LSE:REL
14.6
9%
1.6
UK
I
IHS Markit Ltd
F:0M3
26.9
N/A N/A
CA
Thomson Reuters Corp
TSX:TRI
13.9
11%
1.3
IE
Experian PLC
LSE:EXPN
13.5
10%
1.4
US
Verisk Analytics Inc
NASDAQ:VRSK
15.1
8%
1.9
US
Equifax Inc
NYSE:EFX
13.7
14%
1
CH
SGS SA
SIX:SGSN
12.5
10%
1.2
US
Leidos Holdings Inc
NYSE:LDOS
9.2
3%
3.1
NL
Wolters Kluwer NV
AEX:WKL
9.1
6%
1.5
US
U
UL Solutions Inc
NYSE:ULS
Not Available
11%
N/A
P/E Multiple
Earnings Growth PEG
SE
Afry AB
STO:AFRY
Average P/E: 23.8
18.3
31%
0.6
UK
Relx PLC
LSE:REL
23.6
16%
1.5
UK
I
IHS Markit Ltd
F:0M3
36.5
N/A N/A
CA
Thomson Reuters Corp
TSX:TRI
26.4
20%
1.3
IE
Experian PLC
LSE:EXPN
24.9
20%
1.2
US
Verisk Analytics Inc
NASDAQ:VRSK
27
12%
2.3
US
Equifax Inc
NYSE:EFX
31.9
32%
1
CH
SGS SA
SIX:SGSN
25.1
12%
2.1
US
Leidos Holdings Inc
NYSE:LDOS
12.9
7%
1.8
NL
Wolters Kluwer NV
AEX:WKL
11.4
7%
1.6
US
U
UL Solutions Inc
NYSE:ULS
Not Available
20%
N/A

Market Distribution

Lower than 80% of companies in Sweden
Percentile
20th
Based on 1 230 companies
20th percentile
8.2
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

Afry AB
Glance View

Afry AB, a Nordic powerhouse in engineering, design, and advisory services, has roots reaching back to the early 20th century. This Stockholm-based firm emerged from the 2019 merger of two prominent Swedish entities: ÅF and Pöyry. With this union, Afry crafted a synergistic blend, merging industrial engineering expertise with a strong focus on sustainability and innovation. This dual emphasis places Afry in a unique position, equipping them to tackle complex modern challenges in energy, infrastructure, and industry, with a keen eye on sustainability. Operating globally across numerous sectors, Afry provides a vast array of services that start at the drawing board and follow through to practical implementation. The firm capitalizes on its robust expertise by offering consultancy on intricate, large-scale projects, ranging from clean energy solutions to cutting-edge infrastructure development. Revenue streams are predominantly generated through project engagements with public and private sector clients seeking innovative yet practical solutions that are future proof. By aligning their operations with pressing global trends like sustainable development and digital transformation, Afry continues to expand its footprint and influence, dramatically shaping the landscapes of tomorrow.

AFRY Intrinsic Value
275.97 SEK
Undervaluation 53%
Intrinsic Value
Price kr129.3
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