KONE Oyj (HLSE:KNEBV) has opened a Digital Experience Centre in Pune, India, giving customers a live view of how its AI, connectivity, and data tools shape elevator and smart building solutions.
The Digital Experience Centre launch lands at a time when KONE Oyj's short-term share price momentum is picking up, with a 30-day share price return of 6.39% and a 90-day gain of 6.93%. However, the year-to-date share price is still down 13.09%, and the 1-year total shareholder return has declined 3.44%, compared with a much stronger 3-year total shareholder return of 48.95%. This points to a longer-run recovery story still in play.
Scan 92 AI infrastructure stocks to find more businesses using AI and connected hardware to shape how people move through buildings and cities.
KONE Oyj looks like a solid elevator and smart building powerhouse, yet the recent bounce in the share price raises a sharper question: Are you paying a fair price for that quality today?
Most Popular Narrative: 33% Undervalued
The most followed narrative on KONE Oyj pegs fair value at €79.30, well above the last close of €52.96. The story hinges on whether service led growth and a bigger installed base can support that gap over time.
Share gains outside China, evidenced by 10.9% year on year order growth in Q2 2026 with double digit increases in three regions and strong contributions from both New Building Solutions and modernization, give KONE Oyj scope to convert a larger installed base into higher long term revenue and service driven earnings.
See why 1 investors see KONE Oyj as 33% undervalued .
Result: Fair Value of €79.30 (UNDERVALUED)
Still, the KONE Oyj story can break if the planned TK Elevator tie up loads too much debt or if China pricing pressure keeps squeezing group level profitability.
Find out about the key risks to this KONE Oyj narrative .
Another View: What KONE Oyj's P/E Is Telling You
There is a very different story once the focus shifts from fair value narratives to the plain P/E number. KONE Oyj trades on 29.1x earnings, above the European Machinery group at 20.6x, the peer average at 18.7x, and its own fair ratio of 28.4x. That premium suggests less room for error if the bullish case on margins and growth stumbles, so it is worth considering whether you are comfortable paying a higher multiple for this quality.
See what the numbers say about this price in our valuation breakdown, starting with See what the numbers say about this price — find out in our valuation breakdown. .
Next Steps
Feeling torn between the bullish fair value story and that punchy P/E multiple? Act while the data is fresh and weigh both sides using 2 key rewards and 1 important warning sign .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include KNEBV.HE .
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