Fortnox AB
Fortnox AB (publ) provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden. The company offers accounting products comprising bookkeeping, bookkeeping approval and review, supplier invoice approval, invoice data capture, fixed assets register, read, and … Read more
Market Cap & Net Worth: Fortnox AB (FNOX)
Fortnox AB (ST:FNOX) has a market capitalization of $4.86 Billion (Skr54.51 Billion) as of March 19, 2026. Listed on the ST stock exchange, this Sweden-based company holds position #16091 globally and #150 in its home market, demonstrating a -0.20% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Fortnox AB's stock price Skr89.40 by its total outstanding shares 609678976 (609.68 Million).
Fortnox AB Market Cap History: 2015 to 2025
Fortnox AB's market capitalization history from 2015 to 2025. Data shows growth from $87.92 Million to $4.86 Billion (54.45% CAGR).
Fortnox AB Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Fortnox AB's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
1.92x
Fortnox AB's market cap is 1.92 times its annual revenue
1.97x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
5.52x
Fortnox AB's market cap is 5.52 times its annual earnings
19.85x
Lower than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2015 | $87.92 Million | $129.68 Million | $19.43 Million | 0.68x | 4.53x |
| 2016 | $159.08 Million | $189.30 Million | $32.55 Million | 0.84x | 4.89x |
| 2017 | $230.77 Million | $268.25 Million | $48.68 Million | 0.86x | 4.74x |
| 2018 | $357.67 Million | $374.38 Million | $78.88 Million | 0.96x | 4.53x |
| 2019 | $902.92 Million | $532.08 Million | $134.94 Million | 1.70x | 6.69x |
| 2020 | $2.49 Billion | $693.72 Million | $205.38 Million | 3.59x | 12.14x |
| 2021 | $3.16 Billion | $931.98 Million | $241.10 Million | 3.39x | 13.10x |
| 2022 | $2.56 Billion | $1.28 Billion | $347.00 Million | 2.00x | 7.37x |
| 2023 | $3.27 Billion | $1.64 Billion | $570.00 Million | 1.99x | 5.73x |
| 2024 | $3.92 Billion | $2.04 Billion | $710.00 Million | 1.92x | 5.52x |
Competitor Companies of FNOX by Market Capitalization
Companies near Fortnox AB in the global market cap rankings as of March 19, 2026.
Key companies related to Fortnox AB by market ranking:
- SAP SE (PINK:SAPGF): Ranked #60 globally with a market cap of $238.59 Billion USD.
- Shopify Inc (NYSE:SHOP): Ranked #73 globally with a market cap of $196.50 Billion USD.
- Salesforce.com Inc (NYSE:CRM): Ranked #88 globally with a market cap of $178.05 Billion USD.
- Uber Technologies Inc (NYSE:UBER): Ranked #117 globally with a market cap of $150.35 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #60 | SAP SE | PINK:SAPGF | $238.59 Billion | $246.20 |
| #73 | Shopify Inc | NYSE:SHOP | $196.50 Billion | $161.08 |
| #88 | Salesforce.com Inc | NYSE:CRM | $178.05 Billion | $195.31 |
| #117 | Uber Technologies Inc | NYSE:UBER | $150.35 Billion | $77.79 |
Fortnox AB Historical Marketcap From 2015 to 2025
Between 2015 and today, Fortnox AB's market cap moved from $87.92 Million to $ 4.86 Billion, with a yearly change of 54.45%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2025 | Skr4.86 Billion | +23.99% |
| 2024 | Skr3.92 Billion | +19.98% |
| 2023 | Skr3.27 Billion | +27.69% |
| 2022 | Skr2.56 Billion | -19.04% |
| 2021 | Skr3.16 Billion | +26.72% |
| 2020 | Skr2.49 Billion | +176.11% |
| 2019 | Skr902.92 Million | +152.45% |
| 2018 | Skr357.67 Million | +54.99% |
| 2017 | Skr230.77 Million | +45.07% |
| 2016 | Skr159.08 Million | +80.92% |
| 2015 | Skr87.92 Million | -- |
End of Day Market Cap According to Different Sources
On Mar 18th, 2026 the market cap of Fortnox AB was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $4.86 Billion USD |
| MoneyControl | $4.86 Billion USD |
| MarketWatch | $4.86 Billion USD |
| marketcap.company | $4.86 Billion USD |
| Reuters | $4.86 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.