Plejd earnings jump puts recent share performance in focus
Plejd (NGM:PLEJD) just reported second quarter and half year 2026 results, with higher sales, revenue, net income, and earnings per share compared with the same periods a year earlier.
See our latest analysis for Plejd.
The strong second quarter results follow a period of very rapid share price momentum for Plejd, with a 90 day share price return of 43.35% and a three year total shareholder return of 150.37%.
If Plejd's recent gains have you considering where else growth stories could emerge, it may be worth scanning the market using the 108 top founder-led companies
Plejd now trades at SEK 668, above the SEK 610 analyst price target and at a substantial premium to some intrinsic value estimates. Where does a reasonable view of fair value actually sit after this sharp move?
Price-to-earnings of 58.8x for Plejd: Is it justified?
Against the backdrop of Plejd's recent share price surge to SEK 668, the stock is currently trading on a P/E of 58.8x. This sits well above several reference points and suggests the market is pricing in a strong earnings outlook.
The P/E multiple compares Plejd's current share price to its earnings per share and is a quick way to see how much investors are willing to pay for each unit of current earnings. For Plejd, this high multiple sits alongside annual earnings growth of 130.1% over the past year, a 5 year earnings growth rate of 36.3% per year as the company moved into profitability, and a high current return on equity of 21.4%.
Compared with the European Electrical industry average P/E of 18x, Plejd's 58.8x is more than three times higher. It is also well above the peer group average of 21.8x. The estimated fair P/E for Plejd is 28x, which is materially lower than where the stock currently trades and suggests the market could shift closer to that level if expectations change.
Explore the SWS fair ratio for Plejd
Result: Price-to-earnings of 58.8x (OVERVALUED)
However, if Plejd's earnings growth, currently priced at a 58.8x P/E, slows or if competition pressures margins in key markets like Sweden and Norway, sentiment could shift quickly.
Find out about the key risks to this Plejd narrative.
Another view on Plejd using our DCF model
The P/E ratio presents Plejd as expensive, and the SWS DCF model points in the same direction. With the stock at SEK 668 and a DCF fair value of SEK 513.35, Plejd trades at roughly a 30% premium. Is that additional price simply the cost of a strong growth story?
Look into how the SWS DCF model arrives at its fair value.
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Plejd for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 238 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Next Steps
Given the mix of enthusiasm and concern around Plejd, it makes sense to look at the numbers yourself and not rely on a single perspective. To see how the balance of positives and risks currently stacks up, review the 2 key rewards and 1 important warning sign
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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.
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