Addtech AB (publ.) (OM:ADDT B) Posted Stronger Q2 Results, Is The Stock Still A Bargain?

Why Addtech AB (publ.) Stock Is Back in Focus After Q2 Results

Addtech AB (publ.) (OM:ADDT B) moved into the spotlight after releasing second quarter and half year figures to September 30, 2026, giving investors fresh numbers on profitability and revenue trends.

At a share price of SEK310.6, Addtech AB (publ.) has seen a 7 day share price return of 3.46% despite a 30 day share price decline of 9.66%. The 3 year total shareholder return of 91.75% contrasts with the 1 year total shareholder return, which is slightly negative, indicating that long term holders have still been rewarded even as shorter term momentum has faded around the latest earnings release.

Scan how Addtech AB (publ.) compares with other industrial and capital goods plays by reviewing our hand picked list of solid balance sheet and fundamentals (199 results).

After a solid Q2 and a pullback over the past three months, Addtech AB (publ.) now sits at an interesting crossroads for new capital. The key question is whether the current valuation still leaves enough potential upside to justify the associated risk.

Most Popular Narrative: 18.9% Undervalued

On the most followed view of Addtech AB (publ.), the fair value sits at SEK382.86 against a last close of SEK310.6. This frames the current debate around whether the recent share price weakness has gone too far.

The focus on products for electrical transmission, distribution and related energy infrastructure is supported by a very strong quotation backlog and high order intake in Energy. This can feed into sales, margins around 19% and earnings as grid and power projects move from order to delivery.

See why 14 investors see Addtech AB (publ.) as 19% undervalued.

Result: Fair Value of SEK382.86 (UNDERVALUED)

Still, if customer hesitancy on larger projects drags on or weak end markets like forestry and building installation persist, the Addtech AB (publ.) story could look fragile.

Find out about the key risks to this Addtech AB (publ.) narrative.

Another View: What Addtech AB (publ.)’s P/E Ratio Is Telling You

The earlier fair value work points to Addtech AB (publ.) trading below its estimated worth, yet the P/E of 36.3x tells a different story. It sits well above both the peer average at 31x and a fair ratio of 25.7x, which suggests valuation risk if sentiment cools. Which signal do you trust more?

To see how that valuation gap looks when you line it up against detailed earnings expectations and peer data, take a closer look at See what the numbers say about this price — find out in our valuation breakdown.

Next Steps

If the mixed signals around Addtech AB (publ.) leave you torn, let the data do the heavy lifting and test the thesis yourself. You can weigh the concerns against the potential upside in one place by reviewing the 4 key rewards and 1 important warning sign

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