Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
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Price: 89.4 SEK 1.52% Market Closed
Market Cap: kr54.5B

P/E

70.7
Current
No historical data
Comparison unavailable

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
70.7
=
Market Cap
kr54.5B
/
Net Income
kr771m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
70.7
=
Market Cap
kr54.5B
/
Net Income
kr771m

Valuation Scenarios

Fortnox AB is trading above its 3-year average

If P/E returns to its 3-Year Average (70.7), the stock would be worth kr89.4 (0% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-66%
Maximum Upside
No Upside Scenarios
Average Downside
32%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 70.7 kr89.4
0%
3-Year Average 70.7 kr89.4
0%
5-Year Average 70.7 kr89.4
0%
Industry Average 26.7 kr33.72
-62%
Country Average 23.9 kr30.21
-66%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
kr54.5B
/
Apr 2025
kr771m
=
70.7
Current
kr54.5B
/
Dec 2025
kr910.9m
=
59.9
Forward
kr54.5B
/
Dec 2026
kr1.2B
=
46.9
Forward
kr54.5B
/
Dec 2027
kr1.4B
=
38.7
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
Close
Market Cap P/E
SE
Fortnox AB
STO:FNOX
54.5B SEK 70.7
US
Ezenia! Inc
OTC:EZEN
567B USD -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
331.6B USD 210.9
DE
SAP SE
XETRA:SAP
169.9B EUR 23.7
US
Salesforce Inc
NYSE:CRM
165.4B USD 22.9
US
Applovin Corp
NASDAQ:APP
151B USD 46.5
US
Intuit Inc
NASDAQ:INTU
107.8B USD 25.4
US
Adobe Inc
NASDAQ:ADBE
99.9B USD 14.1
US
Synopsys Inc
NASDAQ:SNPS
92.4B USD 85.1
US
NCR Corp
LSE:0K45
92B USD 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
89.6B USD 83
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 277.3
70.7
26%
2.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
210.9
58%
3.6
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.9
31%
0.7
US
Applovin Corp
NASDAQ:APP
46.5
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.4
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
14.1
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
85.1
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
83
39%
2.1

Market Distribution

Higher than 89% of companies in Sweden
Percentile
89th
Based on 1 178 companies
89th percentile
70.7
Low
0 — 17.4
Typical Range
17.4 — 32.1
High
32.1 —
Distribution Statistics
Sweden
Min 0
30th Percentile 17.4
Median 23.9
70th Percentile 32.1
Max 8 163.4

Fortnox AB
Glance View

Market Cap
54.5B SEK
Industry
Technology

Fortnox AB, nestled in the heart of Sweden, has carved a remarkable niche in the realm of cloud-based solutions, catering predominantly to small and medium-sized enterprises (SMEs). Born out of the necessity to simplify and streamline cumbersome business processes, Fortnox offers a spectrum of software services that facilitate accounting, invoicing, payroll, and much more. At its core, the company operates on a subscription-based model, which not only ensures a steady stream of recurring revenue but also allows its customers to customize their usage based on unique business needs. This adaptability and the convenience of cloud services provide Fortnox’s clients with the freedom to manage their business affairs with unparalleled ease and efficiency, from anywhere at any time. Emphasizing integration and user-friendliness, Fortnox thrives on the principle of connectivity—partnering seamlessly with various banks and financial institutions. This interconnectedness enhances the company’s appeal as it transforms financial data management into a more streamlined, automated process, fostering greater agility for its customers. By continuously evolving its product offerings and incorporating cutting-edge technological advancements, Fortnox ensures it remains at the forefront of innovation within the crowded financial technology sector. As businesses increasingly migrate to digital platforms, Fortnox cleverly positions itself as more than just a service provider; it becomes an indispensable partner in the digital transformation journey, effectively creating an ecosystem that encourages growth and innovation for SMEs across Sweden and beyond.

FNOX Intrinsic Value
34.79 SEK
Overvaluation 61%
Intrinsic Value
Price kr89.4
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