Vår Energi AS

DB:J4V Stock Report

Market Cap: €7.7b

Vår Energi Valuation

Is J4V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of J4V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: J4V (€3.02) is trading below our estimate of fair value (€3.9)

Significantly Below Fair Value: J4V is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for J4V?

Key metric: As J4V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for J4V. This is calculated by dividing J4V's market cap by their current earnings.
What is J4V's PE Ratio?
PE Ratio14x
EarningsUS$576.74m
Market CapUS$8.09b

Price to Earnings Ratio vs Peers

How does J4V's PE Ratio compare to its peers?

The above table shows the PE ratio for J4V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
DR0 Deutsche Rohstoff
2.7x-8.9%€159.7m
CE2 CropEnergies
82.4xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
APA APA
3.7x-11.7%US$8.3b
J4V Vår Energi
14x16.8%€89.7b

Price-To-Earnings vs Peers: J4V is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does J4V's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
J4V 14.0xIndustry Avg. 8.3xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: J4V is expensive based on its Price-To-Earnings Ratio (14x) compared to the European Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is J4V's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

J4V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio26x

Price-To-Earnings vs Fair Ratio: J4V is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (26x).

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 J4V forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.02
€3.65
+20.7%
8.6%€4.18€2.92n/a14
Nov ’25€2.83
€3.54
+25.3%
8.6%€4.05€2.83n/a14
Oct ’25€2.80
€3.62
+29.1%
10.7%€4.09€2.81n/a14
Sep ’25€3.10
€3.69
+19.1%
12.3%€4.52€2.79n/a14
Aug ’25€2.87
€3.70
+28.7%
11.7%€4.44€2.85n/a14
Jul ’25€3.33
€3.77
+13.1%
11.7%€4.62€2.90n/a14
Jun ’25€3.20
€3.68
+14.9%
12.3%€4.51€2.87n/a14
May ’25€3.07
€3.67
+19.3%
11.4%€4.27€2.91n/a13
Apr ’25€3.13
€3.50
+11.7%
11.1%€4.30€2.78n/a13
Mar ’25€2.93
€3.44
+17.5%
10.3%€3.97€2.78n/a11
Feb ’25€2.72
€3.41
+25.6%
10.3%€3.96€2.83n/a10
Jan ’25€2.79
€3.31
+18.9%
14.9%€3.72€2.10n/a9
Dec ’24€2.86
€3.34
+16.6%
14.8%€3.70€2.13n/a9
Nov ’24€3.21
€3.44
+7.1%
14.0%€3.81€2.18€2.8310
Oct ’24€2.76
€3.27
+18.4%
11.5%€3.56€2.28€2.809
Sep ’24€2.69
€3.25
+20.7%
12.2%€3.60€2.23€3.109
Aug ’24€2.70
€3.19
+18.1%
11.6%€3.60€2.19€2.8710
Jul ’24€2.47
€3.15
+27.5%
12.9%€3.83€2.22€3.3310
Jun ’24€2.05
€3.16
+54.6%
13.9%€3.87€2.21€3.2011
May ’24€2.49
€3.16
+26.5%
14.5%€4.01€2.22€3.0712
Apr ’24€2.27
€3.48
+53.1%
16.9%€4.29€2.25€3.1312
Mar ’24€2.62
€3.63
+38.7%
16.7%€4.36€2.28€2.9311
Feb ’24€2.73
€3.81
+39.6%
20.1%€4.99€2.22€2.7211
Jan ’24€3.12
€4.25
+36.3%
14.8%€5.13€3.26€2.7910
Dec ’23€3.55
€4.25
+19.8%
14.8%€5.13€3.26€2.8610
Nov ’23€3.50
€4.46
+27.4%
14.8%€5.38€3.42€3.2110

Analyst Forecast: Target price is less than 20% higher than the current share price.

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