Golar LNG Limited

DB:G2O Stock Report

Market Cap: €3.7b

Golar LNG Valuation

Is G2O undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of G2O when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: G2O (€37.62) is trading above our estimate of fair value (€11.12)

Significantly Below Fair Value: G2O is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for G2O?

Key metric: As G2O is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for G2O. This is calculated by dividing G2O's market cap by their current revenue.
What is G2O's PS Ratio?
PS Ratio14.1x
SalesUS$274.13m
Market CapUS$3.85b

Price to Sales Ratio vs Peers

How does G2O's PS Ratio compare to its peers?

The above table shows the PS ratio for G2O vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
VH2 Friedrich Vorwerk Group
1.2x10.2%€538.0m
CE2 CropEnergies
0.8x-14.0%€1.0b
VBK Verbio
0.5x7.7%€710.2m
PAGP Plains GP Holdings
0.07x-3.6%US$3.8b
G2O Golar LNG
14.1x26.6%€3.9b

Price-To-Sales vs Peers: G2O is expensive based on its Price-To-Sales Ratio (14.1x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does G2O's PS Ratio compare vs other companies in the European Oil and Gas Industry?

28 CompaniesPrice / SalesEstimated GrowthMarket Cap
G2O 14.1xIndustry Avg. 1.2xNo. of Companies28PS012345+
28 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: G2O is expensive based on its Price-To-Sales Ratio (14.1x) compared to the European Oil and Gas industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is G2O's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

G2O PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio14.1x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: G2O is expensive based on its Price-To-Sales Ratio (14.1x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst G2O forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€37.62
€44.11
+17.3%
11.8%€53.45€39.13n/a7
Nov ’25€33.15
€41.60
+25.5%
13.6%€51.20€34.74n/a7
Oct ’25€33.37
€40.97
+22.8%
13.6%€50.42€34.22n/a7
Sep ’25€29.57
€40.97
+38.5%
13.6%€50.42€34.22n/a7
Aug ’25€31.99
€38.41
+20.1%
16.9%€50.56€29.42n/a7
Jul ’25€28.87
€36.72
+27.2%
20.7%€51.32€27.99n/a7
Jun ’25€23.68
€31.93
+34.9%
8.5%€36.87€27.65n/a7
May ’25€23.13
€28.12
+21.6%
9.2%€32.43€24.66n/a7
Apr ’25€21.66
€28.12
+29.8%
9.2%€32.43€24.66n/a7
Mar ’25€18.67
€27.81
+49.0%
10.9%€32.84€23.13n/a8
Feb ’25€19.90
€27.96
+40.5%
11.0%€32.88€23.15n/a8
Jan ’25€20.80
€27.96
+34.4%
11.0%€32.88€23.15n/a8
Dec ’24€19.70
€27.51
+39.7%
11.0%€32.35€22.79n/a8
Nov ’24€21.18
€30.69
+44.9%
10.1%€33.59€25.55€33.158
Oct ’24€22.44
€30.69
+36.8%
10.1%€33.59€25.55€33.378
Sep ’24€20.26
€30.54
+50.8%
8.3%€32.65€25.75€29.577
Aug ’24€21.86
€31.64
+44.7%
13.0%€41.40€25.76€31.999
Jul ’24€18.27
€31.64
+73.2%
13.0%€41.40€25.76€28.879
Jun ’24€19.23
€31.58
+64.3%
14.1%€42.11€24.33€23.6810
May ’24€20.53
€30.72
+49.6%
14.1%€40.84€23.60€23.1310
Apr ’24€19.90
€31.83
+59.9%
12.7%€41.94€27.03€21.6610
Mar ’24€21.40
€32.31
+51.0%
12.0%€42.21€27.20€18.6710
Feb ’24€21.60
€31.53
+46.0%
7.9%€35.40€27.02€19.9010
Jan ’24€20.60
€32.85
+59.5%
6.9%€36.66€28.94€20.8010
Dec ’23€23.80
€32.85
+38.0%
6.9%€36.66€28.94€19.7010
Nov ’23€27.60
€33.58
+21.7%
18.0%€39.63€17.27€21.1810

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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