PGS ASA

DB:PGS1 Stock Report

Market Cap: €752.1m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

PGS Valuation

Is PGS1 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 PGS1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PGS1 (€0.78) is trading below our estimate of fair value (€1.25)

Significantly Below Fair Value: PGS1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PGS1?

Key metric: As PGS1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PGS1. This is calculated by dividing PGS1's market cap by their current earnings.
What is PGS1's PE Ratio?
PE Ratio19.1x
EarningsUS$42.20m
Market CapUS$805.98m

Price to Earnings Ratio vs Peers

How does PGS1's PE Ratio compare to its peers?

The above table shows the PE ratio for PGS1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.8x
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
81.8xn/a€1.2b
VBK Verbio
n/a55.1%€734.4m
VH2 Friedrich Vorwerk Group
19.2x12.9%€540.0m
PGS1 PGS
19.1x38.7%€8.6b

Price-To-Earnings vs Peers: PGS1 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (46.2x).

Price to Earnings Ratio vs Industry

How does PGS1's PE Ratio compare vs other companies in the European Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PGS1 19.1xIndustry Avg. 9.2xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PGS1 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the European Energy Services industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is PGS1'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.

PGS1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.1x
Fair PE Ratio31.3x

Price-To-Earnings vs Fair Ratio: PGS1 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (31.3x).

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 PGS1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€0.79
0%
23.2%€1.00€0.52n/a4
Nov ’25n/a
€0.79
0%
23.2%€1.00€0.52n/a4
Oct ’25n/a
€0.79
0%
23.2%€1.00€0.52n/a4
Sep ’25n/a
€0.79
0%
23.2%€1.00€0.52n/a4
Aug ’25n/a
€0.79
0%
23.2%€1.00€0.52n/a4
Jul ’25€0.78
€0.79
+1.0%
23.2%€1.00€0.52n/a4
Jun ’25€0.81
€0.83
+2.3%
22.9%€1.10€0.51n/a6
May ’25€0.73
€0.81
+11.6%
21.0%€1.12€0.54n/a6
Apr ’25€0.66
€0.75
+12.5%
28.8%€1.14€0.52n/a6
Mar ’25€0.59
€0.77
+30.1%
27.4%€1.15€0.53n/a6
Feb ’25€0.57
€0.89
+55.6%
20.7%€1.13€0.66n/a6
Jan ’25€0.76
€0.92
+21.2%
17.0%€1.11€0.67n/a6
Dec ’24€0.77
€0.92
+19.8%
17.0%€1.11€0.67n/a6
Nov ’24€0.85
€1.00
+17.2%
17.1%€1.14€0.69n/a6
Oct ’24€0.83
€0.91
+10.4%
26.4%€1.22€0.57n/a5
Sep ’24€0.63
€0.84
+34.5%
32.2%€1.18€0.51n/a7
Aug ’24€0.63
€0.83
+31.3%
32.4%€1.16€0.50n/a7
Jul ’24€0.50
€0.78
+53.7%
39.4%€1.11€0.40€0.787
Jun ’24€0.59
€0.83
+40.7%
39.1%€1.13€0.44€0.817
May ’24€0.66
€0.84
+27.7%
41.6%€1.25€0.43€0.737
Apr ’24€0.86
€0.89
+3.3%
41.9%€1.29€0.43€0.667
Mar ’24€0.94
€0.92
-2.4%
46.0%€1.37€0.32€0.597
Feb ’24€0.86
€0.79
-7.9%
46.6%€1.28€0.32€0.576
Jan ’24€0.66
€0.73
+11.0%
45.8%€1.13€0.29€0.766
Dec ’23€0.58
€0.76
+31.6%
42.7%€1.16€0.38€0.776
Nov ’23€0.64
€0.75
+17.7%
40.4%€1.16€0.39€0.857

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

Cosmo Energy Holdings

JP¥557.1b

Through its subsidiaries, engages in the oil business in Japan and internationally.

2LW

JP¥41.00

7D

2.0%

1Y

20.6%

Rubellite Energy

CA$202.6m

An energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta.

6L00

CA$1.31

7D

0%

1Y

-12.7%

International Seaways

US$1.9b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

IS5

US$37.23

7D

-5.3%

1Y

-8.2%