Fortnox AB Market Cap ($5.87 Billion)
Market Cap & Net Worth: Fortnox AB (FNOX)
Fortnox AB market cap. Fortnox AB (ST:FNOX) has a market capitalization of $5.87 Billion (Skr54.51 Billion) as of November 4, 2026. Listed on the ST stock exchange, this Sweden-based company holds position #3124 globally and #51 in its home market, demonstrating a 0.00% increase 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). Also see Fortnox AB (FNOX) cash flow conversion for how efficiently the company converts equity into cash flow.
Fortnox AB Market Cap History (2015–2025)
Fortnox AB market cap history from 2015 to 2025. Data shows growth from $106.15 Million to $5.87 Billion (54.45% CAGR). Check FNOX stock price for real-time trading data and today's change.
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. Explore how fast is Fortnox AB growing its equity to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
2.31x
Fortnox AB's market cap is 2.31 times its annual revenue
Latest Price to Earnings (P/E) Ratio
6.66x
Fortnox AB's market cap is 6.66 times its annual earnings
What 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 | $106.15 Million | $129.68 Million | $19.43 Million | 0.82x | 5.46x |
| 2016 | $192.04 Million | $189.30 Million | $32.55 Million | 1.01x | 5.90x |
| 2017 | $278.60 Million | $268.25 Million | $48.68 Million | 1.04x | 5.72x |
| 2018 | $431.79 Million | $374.38 Million | $78.88 Million | 1.15x | 5.47x |
| 2019 | $1.09 Billion | $532.08 Million | $134.94 Million | 2.05x | 8.08x |
| 2020 | $3.01 Billion | $693.72 Million | $205.38 Million | 4.34x | 14.65x |
| 2021 | $3.81 Billion | $931.98 Million | $241.10 Million | 4.09x | 15.82x |
| 2022 | $3.09 Billion | $1.28 Billion | $347.00 Million | 2.42x | 8.90x |
| 2023 | $3.94 Billion | $1.64 Billion | $570.00 Million | 2.40x | 6.92x |
| 2024 | $4.73 Billion | $2.04 Billion | $710.00 Million | 2.31x | 6.66x |
Competitor Companies of FNOX by Market Capitalization
Companies near Fortnox AB in the global market cap rankings as of November 4, 2026. Also see FNOX current and non-current assets for a full breakdown of the balance sheet.
Key companies related to Fortnox AB by market ranking:
- Shopify Inc (NYSE:SHOP): Ranked #105 globally with a market cap of $196.94 Billion USD.
- Shopify Inc (TO:SHOP): Ranked #109 globally with a market cap of $192.01 Billion USD ( CA$265.43 Billion CAD).
- SAP SE (F:SAPA): Ranked #129 globally with a market cap of $173.28 Billion USD ( €148.21 Billion EUR).
- SAP SE (F:SAP): Ranked #133 globally with a market cap of $168.70 Billion USD ( €144.30 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #105 | Shopify Inc | NYSE:SHOP | $196.94 Billion | $161.08 |
| #109 | Shopify Inc | TO:SHOP | $192.01 Billion | CA$217.64 |
| #129 | SAP SE | F:SAPA | $173.28 Billion | €207.00 |
| #133 | SAP SE | F:SAP | $168.70 Billion | €208.80 |
Market Capitalization of Fortnox AB (2015–2025)
Market capitalization of Fortnox AB from 2015 to today. Between 2015 and today, Fortnox AB's market cap moved from $106.15 Million to $ 5.87 Billion, with a yearly change of 54.45%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2025 | Skr5.87 Billion | +23.99% |
| 2024 | Skr4.73 Billion | +19.98% |
| 2023 | Skr3.94 Billion | +27.69% |
| 2022 | Skr3.09 Billion | -19.04% |
| 2021 | Skr3.81 Billion | +26.72% |
| 2020 | Skr3.01 Billion | +176.11% |
| 2019 | Skr1.09 Billion | +152.45% |
| 2018 | Skr431.79 Million | +54.99% |
| 2017 | Skr278.60 Million | +45.07% |
| 2016 | Skr192.04 Million | +80.92% |
| 2015 | Skr106.15 Million | -- |
End of Day Market Cap According to Different Sources
On Jul 23rd, 2026 the market cap of Fortnox AB was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $5.87 Billion USD |
| MoneyControl | $5.87 Billion USD |
| MarketWatch | $5.87 Billion USD |
| marketcap.company | $5.87 Billion USD |
| Reuters | $5.87 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About 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