Kinnevik reports SEK 29.8 billion NAV: Kinnevik B stock trades at 0.6x book
Published on 10/18/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBalance sheet and valuation
- Kinnevik's net asset value reached SEK 29.8 billion on September 30, 2026.
- Pareto Securities had forecast SEK 118 per share on October 15, 2026, against reported NAV of SEK 108.
- Kinnevik B stock last closed at SEK 63.76 on Nasdaq Stockholm on October 16, 2026.
Kinnevik (SE0022060521) reported net asset value of SEK 29.8 billion for the third quarter on October 15, 2026, up 1.00 percent from the previous quarter. The report puts valuation discipline and portfolio growth at the center of the next phase for the Swedish investment company.
NAV growth meets valuation pressure
According to Kinnevik, net asset value per share reached SEK 107.75 at September 30, 2026, compared with SEK 106.96 at June 30. Net asset value had still fallen 17.00 percent during the first nine months of 2026, showing why the quarterly increase does not yet reverse the longer decline.
The portfolio produced mixed signals. Health and Bio companies delivered 33.00 percent revenue growth during the first nine months of 2026, while Software companies grew revenue by 30.00 percent. Their EBITDA margins improved by 4.00 and 11.00 percentage points, respectively, according to the same report.
What does the valuation imply?
Placera reported on October 15, 2026, that Pareto Securities had forecast NAV of SEK 118 per share, above the reported SEK 108 figure. The same report cited a prior Pareto target of SEK 81, while the quarter's valuation discussion centered on lower growth expectations and weaker multiples.
A separate valuation analysis placed Kinnevik at 0.60 times book value after the report, compared with about 1.00 times for its peer group. That comparison makes the discount visible, but it also leaves the stock exposed to changes in private-market marks. Kinnevik said lower multiples partly offset financing rounds and operating growth in the quarter.
Three dates shape the picture
On August 1, 2026, Helena Saxon assumed the chief executive role. At September 30, 2026, NAV stood at SEK 29.8 billion and net cash at SEK 7.4 billion. On October 15, 2026, Kinnevik published its third-quarter report with net profit of SEK 218 million, compared with a net loss of SEK 6.034 billion for the first nine months, according to Kinnevik.
Upcoming reporting dates
Kinnevik's next scheduled reporting date is February 4, 2027, for the year-end release. The company also lists April 15, 2027, for its interim report covering January through March, both dates appearing in the published financial calendar.
Stock stays tied to portfolio marks
Kinnevik B stock last closed at SEK 63.76 on Nasdaq Stockholm on October 16, 2026 at 5:29 p.m. CEST. The finance company operates as a venture capital and investment holding group, so NAV changes, cash reserves and private-company valuations remain the clearest market reference points.
The further course of trading is shown by the continuously updated real-time quote of Kinnevik B stock.
Kinnevik B stock facts
- Company: Kinnevik AB
- ISIN: SE0022060521
- Ticker: KINV B
- Primary exchange: Nasdaq Stockholm
- Market capitalization: SEK 15.5 billion (as of October 16, 2026)
- 52-week range: SEK 46.78-91.26 (as of October 16, 2026)
- Sector / Industry: Financial Services / Financial - Conglomerates
Market context: Market report OMXS30.
