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    ASSA ABLOY (OM:ASSA B) Earnings Put Its Valuation Story Back In Focus

    Simply Wall St·07/28/2026 16:25:48
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    How ASSA ABLOY’s latest earnings set the stage for investors

    ASSA ABLOY (OM:ASSA B) has drawn fresh attention after releasing second quarter 2026 results, with higher sales, net income and earnings per share compared with the same period a year earlier.

    For the quarter to June 30, 2026, the company reported sales of SEK 39,259 million versus SEK 38,015 million a year ago. Net income was SEK 4,417 million versus SEK 3,812 million, with basic earnings per share from continuing operations at SEK 3.98 versus SEK 3.43.

    See our latest analysis for ASSA ABLOY.

    The latest results have come as ASSA ABLOY’s share price sits at SEK 349.3, with a 7 day share price return of 2.10% but a 90 day share price return that has declined 3.27%. Over a longer horizon, the 1 year total shareholder return of 9.89% and 3 year total shareholder return of 45.79% point to momentum that has been building over time.

    If the earnings story has you rethinking where growth could come from next, it might be worth scanning companies tied to automation and smart access by checking out 34 robotics and automation stocks

    ASSA ABLOY now trades at a meaningful discount to both analyst targets and an estimate of fair value, even after the recent uptick. Is the market pricing in risks that the valuation numbers do not fully capture?

    Most Popular Narrative: 13% Undervalued

    ASSA ABLOY’s last close at SEK 349.3 sits below a narrative fair value of SEK 401.29, which frames the current debate about how much of its growth and acquisition story is already reflected in the price.

    Expansion in high-value service, perimeter security, and software-driven recurring revenue streams, bolstered by targeted acquisitions in technology and emerging markets (e.g., TeleAlarm, Kingspan), is supporting EBITDA margin stability and influencing long-term earnings quality through greater revenue diversification and reduced cyclicality.

    Read the complete narrative.

    Want to see what sits behind that recurring revenue focus and margin profile? The narrative emphasizes steady growth, richer profit margins and a higher future earnings multiple.

    Result: Fair Value of SEK 401.29 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, ASSA ABLOY’s story could shift if residential construction remains weak or if recent acquisitions fail to deliver the earnings uplift that analysts are assuming.

    Find out about the key risks to this ASSA ABLOY narrative.

    Another view on ASSA ABLOY’s valuation

    That 13% narrative discount is only one angle. On earnings, ASSA ABLOY trades on a P/E of 23.7x, which is higher than the European Building industry at 20.4x, yet below a peer average of 33.7x and a fair ratio of 29.8x. Is that a cushion or a value trap in the making?

    See what the numbers say about this price — find out in our valuation breakdown.

    OM:ASSA B P/E Ratio as at Jul 2026
    OM:ASSA B P/E Ratio as at Jul 2026

    Next Steps

    With both risks and rewards on the table for ASSA ABLOY, now is a good time to review the data yourself and decide where you stand. To get a clearer view of both sides of the story, take a look at the 4 key rewards and 1 important warning sign.

    Looking for more investment ideas beyond ASSA ABLOY?

    If ASSA ABLOY’s latest update has you thinking more broadly about opportunities, use this momentum and line up a few fresh ideas before the market moves on.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.