Methodology — NAV at look-through (not P/E or EV/EBITDA on Investor AB itself):
(1) Each listed stake is valued at the equivalent of Investor's % ownership × underlying market cap.
(2) Patricia Industries (unlisted subs like Mölnlycke, Permobil, Piab, Sarnova, Vectura) is at carrying value, with editable haircut.
(3) EQT stake counted separately — listed but tied to fund-management economics.
(4) Workbook uses USD ADR/OTC tickers for live prices: ABBNY (ABB), AZN (AstraZeneca), ATLKY (Atlas Copco), ELUXY (Electrolux), ERIC (Ericsson), HUSQY (Husqvarna), NDAQ (Nasdaq), SAAB (Saab AB native), BHID (SEB), BIOVF (Sobi), WRTBF (Wärtsilä).
(5) Net debt ~SEK 50–60B at the parent level.
Valuation presets
Live SOTP per share (in SEK)
Listed core (look-through)
SEK 0
+ EQT stake
SEK 0
+ Patricia Industries
SEK 0
– Net debt
SEK 0
Gross NAV
SEK 0
× (1 – holdco discount)
×0.92
SOTP / share
IVSXF (USD)
$0
Self-disclosed NAV
SEK 367
1. Listed core (Investor's % × underlying mkt cap)
| Holding | US ticker | Mkt cap (SEK B) | Investor's % | Look-through value (SEK B) |
|---|---|---|---|---|
| Total listed core | — | |||
Refresh prices and the US-ADR price will be used to estimate underlying market cap. Edit mkt-cap field manually if you have better data — Yahoo's ADR pricing approximates but isn't exact for cross-listed equities.
2. EQT stake (listed but treated separately)
| Stake | Ticker | Value (SEK B) | Notes |
|---|---|---|---|
| Total EQT contribution | — | ||
3. Patricia Industries (unlisted)
| Subsidiary | Description | Carrying value (SEK B) | Haircut % | SOTP value (SEK B) |
|---|---|---|---|---|
| Total Patricia | — | |||
4. Parent-level net debt
| Item | Note | Value (SEK B) |
|---|
Share count, market price & FX
| Shares outstanding (M) | M (A + B combined) | |
| Holdco discount (override) | % (Base = 8%; Bear = 20%; Bull = 0%) | |
| SEK / USD FX rate | 1 USD = X SEK | |
| Current IVSXF (USD) | USD |
Not investment advice. Source: Investor AB Q1 2026 Interim Management Statement.