AB Volvo (Nasdaq Stockholm: VOLV-B) traded at approximately SEK 240 per share in early 2026, equivalent to roughly $22 USD. The stock has pulled back from its 2023 peak near SEK 300 as truck order volumes normalized following the post-pandemic fleet replacement cycle, though the valuation remains well above the historical averages seen before 2020.
Stock Price of Volvo
Nasdaq Stockholm share price (SEK) — VOLV-B. Data from 1975 listing through early 2026. The 2009 trough reflects the global freight collapse; the 2021–2023 surge reflects post-pandemic truck pricing power.
Volvo Stock Forecast
Analyst views on VOLV-B are mixed for 2026. Most 12-month price targets range from SEK 220 to SEK 290, with the debate centring on the pace of truck order normalization in North America and Europe. The bull case rests on electric truck adoption generating a new replacement cycle, while bears point to rising fleet inventories and softening freight rates. Volvo's strong balance sheet and dividend yield of roughly 5–6% provide some downside support.
Volvo Valuation
Timeline of Volvo Funding
-
1927
SKF Seed CapitalAB SKF, the Swedish ball-bearing manufacturer, provides initial funding to Assar Gabrielsson and Gustaf Larson to launch Volvo in Gothenburg, with SKF retaining ownership of the new company through its early years.
-
1935
Independence from SKFVolvo buys back the majority of its shares from SKF, becoming an independent publicly traded company on the Stockholm Stock Exchange and funding its own expansion from retained earnings and equity markets.
-
1999
Volvo Cars Sale to FordVolvo sells its passenger car division to Ford Motor Company for $6.45 billion, generating significant capital that Volvo uses to strengthen its commercial vehicles business and pursue truck industry consolidation.
-
2001
Mack Trucks AcquisitionVolvo acquires Mack Trucks from Renault for approximately $1.5 billion, establishing Volvo as the second-largest truck manufacturer in North America and completing its transformation into a global commercial vehicle group.
-
2021
Electric Vehicle Investment ProgramAB Volvo announces a multi-billion SEK investment plan for electric trucks and charging infrastructure, funded from operating cash flow and green bond issuances, as it targets full electrification across its truck range by 2040.