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    Skanska (OM:SKA B) Could Be 5% Undervalued On New York And Norway Wins

    Simply Wall St·10/26/2026 19:27:30
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    New York waterfront win puts Skanska in focus

    Skanska (OM:SKA B) just secured a US$163 million contract to build the East Side Greenway 14th Street Connector in New York City, a waterfront infrastructure project booked into fourth quarter 2026 US orders.

    Skanska shares trade at SEK273.6, with a 7 day share price return of 2.01% and a year to date share price gain of 6.13%. This sits alongside a 1 year total shareholder return of 8.61% and a 3 year total shareholder return of 89.62%, suggesting momentum has been resilient as fresh contracts in New York and Norway shape how investors view both growth potential and project risk.

    Scan beyond Skanska's latest wins and line up other construction and infrastructure stocks showing similar contract momentum with our curated list of solid balance sheet and fundamentals (207 results).

    Fresh contracts in New York and Norway are on the table, and Skanska shares have already moved. Does it make more sense to commit at today’s price or wait for a cheaper entry before the next stage of the story?

    Most Popular Narrative: 4.5% Undervalued

    Skanska's most followed narrative pegs fair value at SEK286.5, which is slightly above the SEK273.6 last close. This frames the current contract wins as part of a broader earnings story rather than a short term trading spike.

    Skanska's record high Construction order backlog close to SEK 300 billion, equal to around 21 months of production and supported by a 114% rolling 12 month book to bill ratio, points to a sizeable volume of work that is yet to be delivered and that could support future revenue and earnings.

    What is behind 19 investors see Skanska as 5% undervalued.

    Result: Fair Value of SEK286.5 (UNDERVALUED)

    Still, the Skanska narrative can be challenged if Nordic housing restructuring drags on or if further US commercial property impairments reduce earnings power.

    Find out about the key risks to this Skanska narrative.

    Next Steps

    Mixed feelings on Skanska after these contract wins are fair, so move quickly, review the numbers in detail, and pressure test both sides of the story using the 2 key rewards and 1 important warning sign.

    Looking for more Skanska-sized investment ideas?

    If Skanska has your attention, do not stop with one ticker. Cast the net wider now, or you risk missing other solid opportunities lining up today.