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ValuationDiscount to HistoryExpectations (Reverse-DCF)Holdco NAV Tracker
← Holdco NAV tracker

Industrivärden

Look-through NAV vs. the share price — the "basket" (sum of its stakes + private assets − net debt) against what the market pays for the holdco. The gap is the discount/premium; watch it widen and narrow. S&P 500 · INDU-C.ST.

Discount
+3.3%
NAV / share
kr 509.86
Price
kr 526.6
z-score
2.3
Mark-to-mkt
100%
Cheap vs own history:100ᵗʰ percentile of its 3yr discount rangez +1.7 6mz +2.3 1yz +3.0 3y
NAV / share (basket) Share pricekr per share
kr 553kr 373kr 193Aug '22Aug '23Jul '24Jul '25Jun '26
Discount / premium to NAV over time
+6%+0%-25%Aug '22Aug '23Jul '24Jul '25Jun '26±1σ normal range (mean -10%)
Look-through basket · kr 220.2B NAV
Volvo VOLV-B.STkr 63.5B
29%
Sandvik SAND.STkr 74.5B
34%
Handelsbanken SHB-A.STkr 33.1B
15%
Essity ESSITY-B.STkr 20.2B
9%
SCA SCA-B.STkr 8.2B
4%
Skanska SKA-B.STkr 8.2B
4%
Alleima ALLEI.STkr 4.5B
2%
Ericsson ERIC-B.STkr 9.3B
4%
Other / private / cash (static, 2026-06)kr 482Mnet debt kr 1.9B

Swedish industrial holdco — ~99.7% listed (Volvo, Sandvik, Handelsbanken, Essity, SCA, Ericsson, Skanska, Alleima). Publishes NAV monthly; discount has compressed to ~flat/slight-premium in mid-2026 (NAV ≈ SEK 392/sh).

Stake prices + FX live; net debt / private NAV / share counts are estimates — verify against the holdco's NAV statement. Not investment advice.