Neobo Fastigheter just released its Q3 2026 scorecard and the share closed yesterday at SEK16.93, after a weak few months that left the 30 day return down about 10%. The headline is simple. Property management earnings per share returned to solid profit territory and basic EPS was SEK0.36 for the quarter, while net income was SEK50m.

That level of earnings recovery sits alongside a stock that currently trades on a P/E of 36.5x and at a price above an internal value estimate of SEK12.92. Investor sentiment appears optimistic, while the numerical picture highlights balance sheet and valuation pressure that now frame the situation for Neobo Fastigheter.

Love the earnings rebound at Neobo Fastigheter but concerned about paying up at a 36.5x…