Y

Yubico AB
STO:YUBICO

Watchlist Manager
Yubico AB
STO:YUBICO
Watchlist
Price: 41.88 SEK -2.79% Market Closed
Market Cap: kr3.6B

EV/EBIT

13.9
Current
68%
Cheaper
vs 3-y average of 42.9

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

EV/EBIT
13.9
=
Enterprise Value
kr3.6B
/
EBIT
kr199.9m

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

EV/EBIT
13.9
=
Enterprise Value
kr3.6B
/
EBIT
kr199.9m

Valuation Scenarios

Yubico AB is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (42.9), the stock would be worth kr129.23 (209% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+209%
Average Upside
121%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 13.9 kr41.88
0%
3-Year Average 42.9 kr129.23
+209%
5-Year Average 42.9 kr129.23
+209%
Industry Average 19.3 kr58.11
+39%
Country Average 17.8 kr53.57
+28%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
kr3.6B
/
Jan 2026
kr199.9m
=
13.9
Current
kr3.6B
/
Dec 2026
kr318.9m
=
11.2
Forward
kr3.6B
/
Dec 2027
kr465.6m
=
7.7
Forward
kr3.6B
/
Dec 2028
kr602.4m
=
5.9
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
SE
Yubico AB
STO:YUBICO
3.7B SEK 13.9 28.5
US
Microsoft Corp
NASDAQ:MSFT
3.2T USD 22.1 26.5
US
Oracle Corp
NYSE:ORCL
498.2B USD 28.6 30.8
US
Palo Alto Networks Inc
NASDAQ:PANW
145.7B USD 100.2 97.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
113.5B USD -438.8 -698.7
US
ServiceNow Inc
NYSE:NOW
93.4B USD 47.8 53.2
US
VMware Inc
XETRA:BZF1
58B EUR 37.2 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.7B USD 28.7 33.8
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
452.6B HKD -103.3 -83.9
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 274.8 491.7
CN
MiniMax Group Inc
HKEX:100
262.2B HKD -19.3 -17.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Y
Yubico AB
STO:YUBICO
Average EV/EBIT: 69.2
13.9
44%
0.3
US
Microsoft Corp
NASDAQ:MSFT
22.1
18%
1.2
US
Oracle Corp
NYSE:ORCL
28.6
38%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
100.2
57%
1.8
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -438.8 N/A N/A
US
ServiceNow Inc
NYSE:NOW
47.8
61%
0.8
US
V
VMware Inc
XETRA:BZF1
37.2
30%
1.2
US
Fortinet Inc
NASDAQ:FTNT
28.7
16%
1.8
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -103.3 N/A N/A
US
Xperi Holding Corp
LSE:0M2A
274.8
N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -19.3 N/A N/A
P/E Multiple
Earnings Growth PEG
SE
Y
Yubico AB
STO:YUBICO
Average P/E: 101.3
28.5
50%
0.6
US
Microsoft Corp
NASDAQ:MSFT
26.5
18%
1.5
US
Oracle Corp
NYSE:ORCL
30.8
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
97.9
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -698.7 N/A N/A
US
ServiceNow Inc
NYSE:NOW
53.2
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -83.9 N/A N/A
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -17.9 N/A N/A

Market Distribution

Lower than 71% of companies in Sweden
Percentile
29th
Based on 1 191 companies
29th percentile
13.9
Low
0.2 — 14
Typical Range
14 — 23.3
High
23.3 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 14
Median 17.8
70th Percentile 23.3
Max 4 325.3

Yubico AB
Glance View

Yubico AB, a pioneering force in the cybersecurity landscape, was founded in Sweden in 2007 by Stina Ehrensvärd. The company carved a niche for itself by fortifying digital identities, driven by its commitment to making secure login easy and accessible for everyone. Yubico's flagship product, the YubiKey, embodies this vision. It’s a small hardware device that provides two-factor, multi-factor, and passwordless authentication. Users merely need to insert the device into a USB port or tap it for NFC, offering a level of security that far surpasses traditional passwords. With its robust design and ease of use, YubiKey has become a trusted tool for individuals and enterprises alike, protecting sensitive data from unauthorized access and cyber threats. Underpinning its success, Yubico has built a revenue model focused on selling these innovative security keys to a broad spectrum of customers, ranging from individual consumers to corporations and government agencies. The company's market is geared toward organizations seeking enhanced security measures that comply with growing cybersecurity regulations. Yubico also collaborates with leading technology companies, ensuring its YubiKey devices are compatible with major platforms and applications. This strategic move to integrate widely across the digital ecosystem has not only escalated its product adoption but also reinforced its role as a linchpin in modern cybersecurity solutions. The company's revenue streams thus flourish from both direct sales and partnerships, crafting a sustainable business model that reflects its foundational aim: pioneering safer digital environments globally.

YUBICO Intrinsic Value
119.21 SEK
Undervaluation 65%
Intrinsic Value
Price kr41.88
Y
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