--- title: "Is EQT (OM:EQT) Expensive Or Undervalued After Strong Half Year Results?" type: "News" locale: "en" url: "https://longbridge.com/en/news/293832174.md" description: "EQT reported strong H1 2026 results with revenue of €1.61 billion and net income of €663 million, up significantly from the prior year. Despite a mixed stock performance, analyst narratives suggest EQT is undervalued at SEK 370 based on DCF models, driven by global private capital expansion. However, P/E ratios indicate a premium compared to peers, creating a divergence between valuation methods." datetime: "2026-07-26T01:18:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293832174.md) - [en](https://longbridge.com/en/news/293832174.md) - [zh-HK](https://longbridge.com/zh-HK/news/293832174.md) generator: "portal-rs" --- # Is EQT (OM:EQT) Expensive Or Undervalued After Strong Half Year Results? EQT (OM:EQT) is in focus after reporting half year 2026 results, with revenue of €1,610 million and net income of €663 million, compared with €1,273 million and €346 million a year earlier. See our latest analysis for EQT. The latest half year figures land after a mixed period for EQT, with a 20.27% 1 month share price return contrasting with a decline of 12.06% for the year to date and a 3 year total shareholder return of 30.78%. This suggests shorter term momentum has recently picked up against a weaker longer term share price path. If this earnings move has you thinking about where else capital could work, it may be worth scanning opportunities in AI infrastructure through the 55 AI infrastructure stocks Given EQT's stronger recent share move against a weaker year to date record, the real test now is whether the current price still offers a skewed payoff for new money or mainly suits existing holders locking in gains. ## Most Popular Narrative: 14.9% Undervalued EQT last closed at SEK315, while the most followed narrative points to a fair value of around SEK370, using a 6.1% discount rate as its anchor. > *EQT is positioned to capture substantial long term growth from the ongoing expansion of private capital allocations by both institutional and private wealth clients globally. These are described as secular shifts that are expected to drive significant step ups in fundraising volumes and recurring management fee revenues over the coming years.* > > *The firm's global diversification, especially its push into fast growing Asian markets (for example, India and Japan) and the U.S., is presented as a way to benefit as more capital is funneled into private assets in these regions, supporting sustained AUM growth and higher future earnings.* Read the complete narrative. The narrative explores why EQT is seen as having the potential to compound earnings quickly, with higher margins and a richer profit multiple reflected in the analysis. The full narrative lays out the revenue build, margin shift and valuation bridge step by step, so you can assess how those assumptions compare with your own expectations. **Result: Fair Value of SEK370 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, EQT's story could look very different if fundraising momentum slows or if exit markets stay weak, which would put pressure on fee and performance income. Find out about the key risks to this EQT narrative. ## Another View on EQT’s Valuation The earlier fair value of SEK370 for EQT came from a future cash flow approach, which points to the shares trading at about a 20.4% discount. Looking at the P/E ratio instead, the picture is more cautious, with EQT on 31.9x compared with a peer average of 18.9x and a fair ratio of 30.3x. That gap suggests investors are already paying up on earnings, so the question is whether the quality and growth profile justify holding a premium while the DCF still signals undervaluation. See what the numbers say about this price — find out in our valuation breakdown. OM:EQT P/E Ratio as at Jul 2026 ## Next Steps If the mix of optimism and caution around EQT leaves you unsure, act quickly to examine the numbers yourself and rigorously test the assumptions. To see what investors are most focused on, review the 3 key rewards ## Looking for more investment ideas beyond EQT? Do not stop your research with EQT; broaden your watchlist with fresh ideas that match your return goals, risk comfort and income needs. Use these Simply Wall St screeners to quickly surface stocks that deserve a closer look: - Target potential mispricings by reviewing the 247 high quality undervalued stocks that combine quality metrics with attractive valuations. - Strengthen portfolio resilience by focusing on the solid balance sheet and fundamentals stocks screener (419 results) for companies with healthier financial foundations. - Boost income potential by scanning the 458 dividend fortresses that highlight higher yielding dividend opportunities. *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.* ### Valuation is complex, but we're here to simplify it. Discover if EQT might be undervalued or overvalued with our detailed analysis, featuring **fair value estimates, potential risks, dividends, insider trades, and its financial condition.** Access Free Analysis ### Related Stocks - [EQT.US](https://longbridge.com/en/quote/EQT.US.md) ## Related News & Research - [Should EQT’s Mixed Q2 Versus Peers Require Action From EQT (EQT) Investors?](https://longbridge.com/en/news/296263438.md) - [Rep. Thomas H. Kean, Jr. Acquires Shares of EQT Corporation (NYSE:EQT)](https://longbridge.com/en/news/296671719.md) - [EQT Mid-Market Opportunities takes majority stake in Melbourne Storm](https://longbridge.com/en/news/296293702.md) - [EQT CEO Toby Z. Rice sells 175,328 shares for $9.65 million](https://longbridge.com/en/news/296265860.md) - [12:08 ETRepurchases of shares by EQT AB during week 33, 2026](https://longbridge.com/en/news/296129122.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**