Ratos AB (publ) (RTOBF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Ratos AB (publ) (RTOBF) trades at $3.42 with AI Score 48/100 (Grade C). Ratos AB (publ) is a private equity firm based in Stockholm, Sweden, specializing in management buyouts and mid-market transactions. Market cap: $1.12B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Jun 14, 2026Analyst Coverage for RTOBF: RTOBF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates RTOBF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
RTOBF: 1/3 scored disciplines lean bearish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Ratos AB (publ) (RTOBF) Financial Services Profile
Ratos AB (publ) is a Stockholm-based private equity firm that specializes in management buyouts and mid-market investments, focusing on unlisted companies in the Nordic region while maintaining a commitment to sustainable and responsible investing.
What Is the Investment Thesis for RTOBF?
Ratos AB (publ) presents a compelling investment thesis driven by its strategic focus on mid-market private equity investments in the Nordic region. The firm’s P/E ratio of 5.31 indicates potential undervaluation compared to industry peers, such as BDO Unibank, Inc. (BDOUY). Ratos's commitment to investing in companies with strong EBITDA margins and significant revenue potential positions it well for growth. The firm’s emphasis on sustainable investments aligns with increasing market demand for responsible business practices, potentially enhancing its appeal to investors. Additionally, Ratos's ability to leverage its proprietary balance sheet for investments provides a competitive edge in securing favorable deals. The ongoing economic recovery in the Nordic region may further catalyze growth opportunities for Ratos's portfolio companies, supporting revenue and profitability expansion over the next several years.
Based on FMP financials and quantitative analysis
RTOBF Key Highlights
Market Cap of $1.12B reflects Ratos's significant presence in the private equity sector.
- P/E ratio of 5.31 indicates potential undervaluation compared to industry standards.
- Profit margin of 11.0% demonstrates effective operational management and profitability.
- Dividend yield of 4.07% provides attractive returns to shareholders.
- Employee base of 10,900 showcases Ratos's capacity for managing extensive investment portfolios.
Who Are RTOBF's Competitors?
RTOBF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BDOUY BDO Unibank, Inc. | $19.66 | -1.68% | $10.5B | 60 |
| AOD Abrdn Total Dynamic Dividend Fund | $10.68 | +0.56% | $1.13B | 68 |
| GSBD Goldman Sachs BDC, Inc. | $9.88 | +0.82% | $1.11B | 91 |
| ASA ASA Gold and Precious Metals Limited | $62.31 | +0.10% | $1.17B | 70 |
| FSCO FS Credit Opportunities Corp. | $5.14 | -0.58% | $1.04B | 93 |
| MUC BlackRock MuniHoldings California Quality Fund, Inc. | $10.60 | -0.75% | $998M | 67 |
| HQH Abrdn Healthcare Investors | $23.84 | -3.33% | $1.36B | 71 |
| CGBD Carlyle Secured Lending, Inc. | $11.33 | +0.00% | $787M | 88 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are RTOBF's Key Strengths?
Established history and reputation in the private equity market.
- Strong focus on mid-market investments with significant growth potential.
- Diverse portfolio across various sectors enhances risk management.
- Expertise in operational improvements and value creation.
What Are RTOBF's Weaknesses?
Limited geographic focus primarily on the Nordic region.
- Dependence on specific financial metrics for investment decisions may limit opportunities.
- Potential challenges in sourcing high-quality investment targets.
What Could Drive RTOBF Stock Higher?
RTOBF catalyst: Continued investment in mid-sized companies in the Nordic region is expected to drive portfolio growth.
- Ratos's focus on sustainable investing aligns with increasing investor demand for ESG-compliant companies.
- The firm's strategic bolt-on acquisitions are enhancing its market presence and competitive positioning.
- Economic recovery in the Nordic region may lead to improved performance of portfolio companies.
- Ratos's operational improvements in portfolio companies are expected to yield higher returns.
What Are the Key Risks for RTOBF?
Negative return on equity (-0.8%) — the business is not currently generating profit on shareholder capital.
- Economic downturns may negatively impact the performance of portfolio companies.
- Intense competition in the private equity sector could limit investment opportunities.
- Regulatory changes affecting investment strategies may pose risks.
- Dependence on specific financial metrics for investments may restrict growth potential.
What Are the Growth Opportunities for RTOBF?
- Growth opportunity 1: The Nordic private equity market is projected to grow at a CAGR of 8% over the next five years, driven by increasing demand for mid-market investments. Ratos AB (publ) can capitalize on this trend by targeting companies with strong growth potential in sectors such as technology and consumer goods, which are expected to see significant investment inflows during this period.
- Growth opportunity 2: Ratos's focus on corporate turnarounds presents a unique opportunity to acquire undervalued companies and enhance their operational efficiency. With the ongoing economic recovery, many businesses are seeking strategic partners to navigate challenges, allowing Ratos to leverage its expertise in improving profitability and driving value creation.
- Growth opportunity 3: The trend towards sustainable investing is gaining traction, with investors increasingly prioritizing companies that adhere to environmental, social, and governance (ESG) criteria. Ratos's commitment to responsible investing aligns with this shift, enabling the firm to attract capital from socially conscious investors and enhance its portfolio's appeal.
- Growth opportunity 4: Strategic bolt-on acquisitions within Ratos's existing portfolio can drive growth by expanding market share and enhancing competitive positioning. By identifying complementary businesses that align with its investment thesis, Ratos can create synergies and improve overall portfolio performance.
- Growth opportunity 5: The increasing digitization of industries presents an opportunity for Ratos to invest in technology-driven companies. As businesses adopt digital solutions to enhance efficiency, Ratos can target firms that are at the forefront of innovation, positioning itself for long-term growth in a rapidly evolving market.
What Are RTOBF's Competitive Advantages?
- Strong brand reputation built over nearly nine decades in private equity.
- Expertise in management buyouts and corporate turnarounds.
- Commitment to sustainable investing differentiates Ratos in the market.
- Established relationships with key stakeholders in the Nordic region.
What Does RTOBF Do?
Founded in 1934, Ratos AB (publ) has established itself as a prominent player in the private equity sector, with a specialized focus on management buyouts, corporate turnarounds, and strategic bolt-on acquisitions. The firm deliberately avoids early-stage funding and does not support companies involved in arms manufacturing, pornography, or environmentally harmful activities. Ratos targets unlisted mid-sized companies across diverse sectors, including industry, construction and services, consumer goods, and technology. Its investment strategy is concentrated in the Nordic region, particularly Sweden, Finland, Denmark, and Norway. Ratos seeks portfolio companies requiring equity investments between SEK250 million ($29.66 million) and SEK5000 million ($762.77 million), with sales revenues ranging from SEK300 million ($45.77 million) to SEK5000 million ($762.77 million) and an EBITDA exceeding SEK50 million ($5.15 million). The firm typically prefers to acquire a minimum of a 20% stake in its investments and often seeks a board seat to influence strategic decisions. Investments are generally held for a period of five to ten years, utilizing capital from its proprietary balance sheet and external bank loans. With a workforce of approximately 10,900 employees, Ratos continues to leverage its extensive experience and industry knowledge to drive growth and value creation in its portfolio companies.
What Products and Services Does RTOBF Offer?
- Specializes in private equity investments focused on mid-sized companies.
- Engages in management buyouts and corporate turnarounds.
- Invests in unlisted companies across various sectors.
- Targets companies with specific financial metrics for investment.
- Maintains a commitment to responsible and sustainable investing.
- Operates primarily in the Nordic region, particularly Sweden, Finland, Denmark, and Norway.
How Does RTOBF Make Money?
- Generates returns through equity investments in portfolio companies.
- Utilizes a combination of proprietary capital and bank loans for investments.
- Seeks to enhance portfolio company value through operational improvements.
- Prefers to hold investments for five to ten years to maximize returns.
- Engages in strategic acquisitions to expand market presence and capabilities.
What Industry Does RTOBF Operate In?
The asset management industry is experiencing robust growth, driven by increasing investor interest in private equity and alternative investments. The Nordic region, in particular, is witnessing a surge in mid-market transactions as companies seek strategic partnerships for growth. Ratos AB (publ) is well-positioned within this landscape, focusing on unlisted companies that meet specific financial criteria. As the demand for responsible investing rises, Ratos's commitment to sustainable practices differentiates it from competitors, enhancing its market positioning. The overall market for private equity in the Nordic region is expected to expand, providing ample opportunities for Ratos to capitalize on its investment strategy.
Who Are RTOBF's Key Customers?
- Mid-sized companies seeking capital for growth or turnaround.
- Investors looking for exposure to private equity and alternative investments.
- Financial institutions providing capital for acquisitions.
- Stakeholders interested in responsible and sustainable investment practices.
Ratos AB (publ) Financial Trajectory
Ratos AB (publ) (RTOBF) reported $5.70B in revenue for Q2 2026, reflecting 27.2% growth compared to the prior quarter. The company recorded net income of $1.04B, with diluted EPS of $3.15. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Financial Services. Across the four most recent quarters, RTOBF averaged $-0.10 in diluted EPS.
Company Profile
Ratos AB (publ) operates in the Asset Management industry within the Financial Services sector. It is headquartered in Stockholm, SE. The company is led by CEO Gustaf Salford. RTOBF has traded publicly since 2013.
How Ratos AB (publ) Is Valued
Ratos AB (publ) carries a market capitalization of $1.12B, placing it in the small-cap category. Relative to its peer group, RTOBF's quantitative score of 48/100 is below the peer average of 76/100.
Key Financial Metrics
Return on equity for Ratos AB (publ) stands at -0.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.4%, showing how much profit it generates from its asset base. Its free cash flow yield is 21.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.44 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -0.9%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Ratos AB (publ)'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 13.31 places it in the safe zone, indicating low near-term bankruptcy risk.
Earnings Track Record
Ratos AB (publ) has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 3.7% below estimates on average.
Forward Outlook
Wall Street analysts project Ratos AB (publ) revenue of about $19.41B for fiscal 2026, with EPS near $4.24. The estimate reflects 4 contributing analysts.
RTOBF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Ratos' recent insider buying suggests confidence from those closest to the company, hinting at undervalued potential.
- The community sentiment leans towards optimism, possibly driven by Ratos' diverse portfolio and perceived stability in various sectors.
- Market perception seems to view Ratos as a steady, long-term investment, attracting those seeking a less volatile holding.
- Ratos' active approach to developing its portfolio companies resonates with investors looking for growth through operational improvements.
Bear Case
- Recent community discussions reveal concerns about Ratos' exposure to cyclical industries, potentially impacting performance during economic downturns.
- Market perception reflects some apprehension regarding the complexity of Ratos' holdings, making it harder for investors to fully grasp the overall risk profile.
- Despite insider buying, some community members express uncertainty about the long-term growth prospects of certain portfolio companies.
- The overall market sentiment indicates some wariness due to the illiquidity of Ratos' shares compared to larger, more actively traded companies.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $5.70B | $1.04B | $3.15 |
| Q1 2026 | $4.48B | $192M | $0.59 |
| Q4 2025 | $8.84B | -$1.74B | -$5.35 |
| Q3 2025 | $4.14B | $392M | $1.22 |
Based on FMP financials and quantitative analysis
RTOBF Latest News
No recent news available for RTOBF.
RTOBF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for RTOBF.
Price Targets
Wall Street price target analysis for RTOBF.
RTOBF MoonshotScore
What does this score mean?
The MoonshotScore rates RTOBF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Gustaf Salford
CEO
Gustaf Salford has a robust background in finance and investment, having held various leadership roles in the private equity sector. He graduated with a degree in Business Administration and has extensive experience in managing large teams and driving strategic initiatives. Prior to joining Ratos AB, Salford worked with several prominent investment firms, where he honed his skills in deal-making and portfolio management.
Track Record: Under Gustaf Salford's leadership, Ratos has successfully executed multiple management buyouts and strategic acquisitions, enhancing the firm's portfolio and overall market position. His strategic vision has led to improved operational efficiencies and increased profitability across various investments.
RTOBF OTC Market Information
The OTC Other tier represents stocks that trade on the over-the-counter market but do not meet the requirements for higher tiers like NYSE or NASDAQ. This tier typically includes smaller companies that may have less stringent reporting requirements, making them accessible to a broader range of investors.
- OTC Tier: OTC Other
- Lower liquidity compared to stocks listed on major exchanges can lead to challenges in executing trades.
- Potential lack of transparency in financial reporting may pose risks for investors.
- Market volatility can significantly affect stock prices in the OTC market.
- Review Ratos AB's financial statements and performance metrics.
- Assess the company's investment strategy and portfolio composition.
- Evaluate management's track record and strategic vision.
- Investigate the competitive landscape and market positioning.
- Consider the potential impact of economic conditions on portfolio companies.
- Established history since 1934, indicating stability and experience.
- Presence of a qualified leadership team with extensive industry experience.
- Commitment to responsible investing practices aligns with market trends.
Ratos AB (publ) Financial Services Stock: Key Questions Answered
What does the AI Score mean for RTOBF?
RTOBF holds an AI Score of 48/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Ratos AB (publ) is a private equity firm based in Stockholm, Sweden, specializing in management buyouts and mid-market transactions. With a focus on unlisted companies in the Nordic region, Ratos …
What does Ratos AB (publ) do?
Ratos AB (publ) is a private equity firm that specializes in investing in mid-sized, unlisted companies primarily in the Nordic region. The firm focuses on management buyouts, corporate turnarounds, and strategic bolt-on acquisitions across various sectors, including industry, construction, consumer goods, and technology. Ratos aims to create value through operational improvements and strategic guidance, typically holding investments for five to ten years.
What do analysts say about RTOBF stock?
Analysts recognize Ratos AB (publ) as a significant player in the private equity sector, noting its strong focus on mid-market investments and operational efficiencies. The firm's P/E ratio of 5.31 suggests potential undervaluation compared to industry peers, while its profit margin of 11.0% reflects effective management practices.
What are the main risks for RTOBF?
Ratos AB (publ) faces several risks, including economic downturns that could adversely affect its portfolio companies' performance. Intense competition from other private equity firms may limit investment opportunities, while regulatory changes could impact investment strategies. Additionally, the firm's reliance on specific financial metrics for investment decisions may restrict its growth potential, making it essential for investors to consider these factors when evaluating the company's prospects.
What are the key factors to evaluate for RTOBF?
Ratos AB (publ) (RTOBF) holds an AI score of 48/100 (low). Ratos AB (publ) presents a compelling investment thesis driven by its strategic focus on mid-market private equity investments in the Nordic region. Not financial advice.
How frequently does RTOBF data refresh on this page?
RTOBF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven RTOBF's recent stock price performance?
Ratos AB (publ) (RTOBF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established history and reputation in the private equity market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider RTOBF overvalued or undervalued right now?
Ratos AB (publ) (RTOBF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research RTOBF before investing?
Before investing in Ratos AB (publ) (RTOBF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited financial disclosures available; further due diligence recommended.