Saab (OM:SAAB B) Q3 Results Sharpen Focus On Its Valuation Gap

What happened: Saab reported Q3 2026 results with revenue up 29.5% and net income up 45.1%, while the stock traded at SEK646.5 on a trailing P/E of 46.3x and barely moved over the past week. Key numbers: Revenue SEK 20,553m vs SEK 15,871m. Net income SEK 1,389m vs SEK 957m. Basic EPS SEK 2.58 vs SEK 1.78. Why it matters: The content frames the key issue as the gap between the premium valuation and a discounted cash flow estimate far below the current price. Bears point to subscale programs and bid write downs that may limit the benefit of higher capacity on group EBIT. Market: +1.1% today ($641.80), +14.9% YTD, 0.3x vol — as of 07:45 UTC

Saab reported Q3 2026 results with revenue up 29.5% and net income up 45.1%, while the stock traded at SEK646.5 on a trailing P/E of 46.3x and barely moved over the past week.

The content frames the key issue as the gap between the premium valuation and a discounted cash flow estimate far below the current price. Bears point to subscale programs and bid write downs that may limit the benefit of higher capacity on group EBIT. Market: +1.1% today ($641.80), +14.9% YTD, 0.3x vol — as of 07:45 UTC