Undervalued Stocks in Sweden (October 2026)

ATLAS compares every company's price with its estimated fair value. Of 292 listed companies in Sweden, 71 trade between 10% and 70% below that estimate, with medium or high confidence in it and positive earnings. The median gap among them is 39% below fair value. Here are the 25 with the widest gap.

Data as of Oct 30, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.

#CompanyPriceBelow fair valueP/EConfidenceChance up (1 month)
1DIOS.STDios FastigheterSEK 57.2059%7.0medium54%
2PACT.STProact ITSEK 151.8059%16.3medium52%
3HUSQ-B.STHusqvarna AB (publ)SEK 32.0358%18.6medium51%
4JOMA.STJohn Mattson FastighetsforetagenSEK 52.1058%7.6medium53%
5ATRLJ-B.STAtrium Ljungberg AB (publ)SEK 21.4057%22.2medium52%
6VIT-B.STVitec Software Group AB (publ)SEK 302.6057%24.3medium50%
7ASKER.STAsker HealthcareSEK 71.2556%39.3medium49%
8ALIV-SDB.STAutolivSEK 1,16056%14.0medium52%
9ASMDEE-B.STAsmodee Group AB, B sharesSEK 171.0054%82.6medium52%
10BHG.STBHG Group AB (publ)SEK 24.4854%29.4medium49%
11EPRO-B.STElectrolux Professional AB (publ)SEK 51.2054%18.1medium51%
12TEL2-B.STTele2 AB (publ)SEK 158.6552%10.8medium53%
13HOFI.STHoist FinanceSEK 195.1052%10.8medium51%
14RAY-B.STRaySearch Laboratories AB (publ)SEK 202.4051%31.2medium50%
15SOBI.STSwedish Orphan Biovitrum AB (publ)SEK 488.0050%25.3medium52%
16REJL-B.STRejlers AB (publ)SEK 149.4049%19.5medium52%
17AXFO.STAxfoodSEK 272.5046%24.4medium54%
18NOLA-B.STNolato AB (publ)SEK 53.7046%21.5medium52%
19CLA-B.STCloetta AB (publ)SEK 56.3545%19.8medium52%
20ERIC-B.STTelefonaktiebolaget LM Ericsson (publ)SEK 109.1544%17.9medium52%
21FPAR-A.STFastPartner AB (publ)SEK 36.6544%24.1medium52%
22TRUE-B.STTruecaller AB (publ)SEK 23.8143%33.1medium49%
23HANZA.STHanzaSEK 164.0043%25.7medium50%
24COOR.STCOOR Service ManagementSEK 49.2643%17.7medium53%
25MMGR-B.STMomentum Group AB (publ)SEK 129.2043%30.4medium52%

Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.

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The top 10 in a sentence

  • Dios Fastigheter (DIOS.ST) trades 59% below ATLAS fair value, at a P/E of 7.0. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 54% chance of closing higher in a month.
  • Proact IT (PACT.ST) trades 59% below ATLAS fair value, at a P/E of 16.3. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 52% chance of closing higher in a month.
  • Husqvarna AB (publ) (HUSQ-B.ST) trades 58% below ATLAS fair value, at a P/E of 18.6. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 51% chance of closing higher in a month.
  • John Mattson Fastighetsforetagen (JOMA.ST) trades 58% below ATLAS fair value, at a P/E of 7.6. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 53% chance of closing higher in a month.
  • Atrium Ljungberg AB (publ) (ATRLJ-B.ST) trades 57% below ATLAS fair value, at a P/E of 22.2. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 52% chance of closing higher in a month.
  • Vitec Software Group AB (publ) (VIT-B.ST) trades 57% below ATLAS fair value, at a P/E of 24.3. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 50% chance of closing higher in a month.
  • Asker Healthcare (ASKER.ST) trades 56% below ATLAS fair value, at a P/E of 39.3. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 49% chance of closing higher in a month.
  • Autoliv (ALIV-SDB.ST) trades 56% below ATLAS fair value, at a P/E of 14.0. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 52% chance of closing higher in a month.
  • Asmodee Group AB, B shares (ASMDEE-B.ST) trades 54% below ATLAS fair value, at a P/E of 82.6. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 52% chance of closing higher in a month.
  • BHG Group AB (publ) (BHG.ST) trades 54% below ATLAS fair value, at a P/E of 29.4. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 49% chance of closing higher in a month.

How ATLAS finds undervalued stocks in Sweden

Fair value is ATLAS estimate of what a share is worth given the company's cash flows and the multiples of comparable companies, refreshed every night. The gap is price divided by fair value, minus 1. We keep gaps between 10% and 70% below fair value: deeper gaps usually signal bad inputs or a business in trouble rather than a bargain.

Only estimates with medium or high confidence count. The company must also have positive earnings (positive P/E or margin), a market value above USD 300 million and enough trading volume. The list is sorted by the size of the gap.

Limits: a share can stay below its estimated value for years, and the model can be wrong, especially for banks, cyclical businesses and companies with one-off items. Being below fair value is not a recommendation to buy. The probability of a higher close is shown for context. This is information, not investment advice.

Frequently asked questions

Which stocks in Sweden are the most undervalued?

In October 2026, the widest gaps below ATLAS fair value among 71 qualifying companies belong to Dios Fastigheter, Proact IT, and Husqvarna AB (publ). Dios Fastigheter leads at 59% below its estimate.

What does "undervalued" mean here?

That the share price is at least 10% below ATLAS estimate of what the company is worth, using cash flows and comparable multiples. It is a model output, not a judgement on the business.

Does undervalued mean the stock will go up?

No. Prices can stay below estimated value for years, and estimates change when results change. The one-month probability in the table is separate and is close to a coin flip for most stocks.

How much of the market in Sweden looks undervalued?

71 of 292 listed companies pass the filter. The median gap among them is 39% below fair value, and 20 of them are in Industrials, the most represented sector.

How often is this list updated?

Fair values are refreshed every night and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.

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Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer

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