Norwegian Undervalued Small Caps

Austevoll Seafood

Market Cap: NOK 18.0b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

BW Energy

Market Cap: NOK 9.8b

Engages in the exploration and production of oil and gas properties.

Cadeler

Market Cap: NOK 16.0b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

AKVA group

Market Cap: NOK 3.2b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

SpareBank 1 Nordmøre

Market Cap: NOK 1.6b

Provides various banking products and services in Norway.

Cambi

Market Cap: NOK 2.7b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Multiconsult

Market Cap: NOK 4.3b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Rana Gruber

Market Cap: NOK 2.5b

Engages in the mining, processing, and sale of iron ore concentrate in Norway, the United Kingdom, Sweden, the United States, and internationally.

Sparebanken Norge

Market Cap: NOK 19.8b

Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway.

Atea

Market Cap: NOK 17.0b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Sats

Market Cap: NOK 7.7b

Provides fitness and training services in Norway, Sweden, Denmark, and Finland.

Bouvet

Market Cap: NOK 6.3b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

Photocure

Market Cap: NOK 1.7b

Engages in the research, development, production, distribution, marketing, and sale of pharmaceutical products.

Kitron

Market Cap: NOK 13.4b

Operates as an electronics manufacturing services provider in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States.