# Fram Skandinavien September NAV Drops 16% to SEK 6 as Carmudi Drags Holdings

- URL: https://stocks.freetheai.org/news/fram-skandinavien-september-nav-drops-16-to-sek-6-as-carmudi-drags-holdings-21da72
- Published: 2026-10-13T06:00:00Z
- Category: company_news; sentiment: bearish; impact: high
- Symbols: [OMXSTO:FRAM_B](https://stocks.freetheai.org/symbols/OMXSTO-FRAM_B)
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Fram Skandinavien AB (OMXSTO:FRAM_B) reported a 16% month-over-month drop in its net asset value to SEK 6 per share for September 2026. The decline was primarily caused by the ongoing wind-down of Carmudi's lending operations. The company's Class B shares were trading down 0.32% at 3.15 SEK following the update.

The portfolio contraction was heavily driven by Carmudi, whose net asset value fell 27% month-over-month while generating approximately $2,000 in pre-tax profit. Additionally, EveHR recorded a 6% decline in net asset value as valuation multiple compression negated gains in trailing twelve-month gross profit. Growth from Liven Tech, which posted a 20% net asset value rise behind higher trailing revenues, was insufficient to cushion the overall drop.

Looking ahead, portfolio stability depends on Carmudi's ability to normalize earnings during its transition. Investors will also monitor peer valuation multiples, as firmer market comps could help stem further net asset value erosion across the group's holdings.

## Key points

- Fram Skandinavien AB net asset value fell 16% month-over-month to SEK 6 per share in September 2026.
- Carmudi net asset value dropped 27% month-over-month due to its lending business wind-down and modest $2,000 pre-tax profit.
- EveHR net asset value slipped 6% month-over-month as lower market multiples offset gross profit growth.
- Liven Tech net asset value rose 20% month-over-month on stronger revenue, but failed to offset overall losses.

## Questions and answers

### What was Fram Skandinavien net asset value in September 2026?

Fram Skandinavien AB reported a September 2026 net asset value of SEK 6 per share, representing a 16% drop month-over-month.

### Why did Fram Skandinavien net asset value decline in September 2026?

The decrease was primarily driven by a 27% monthly drop in Carmudi valuation amid its lending wind-down, alongside lower market multiples for EveHR.

### Which Fram Skandinavien holding performed positively in September 2026?

Liven Tech recorded a 20% month-over-month gain in net asset value, supported by growing trailing twelve-month revenues.