Entra ASA

DB:2EN Stock Report

Market Cap: €1.9b

Entra Valuation

Is 2EN 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 2EN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2EN (€9.56) is trading above our estimate of fair value (€4.01)

Significantly Below Fair Value: 2EN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2EN?

Key metric: As 2EN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2EN. This is calculated by dividing 2EN's market cap by their current revenue.
What is 2EN's PS Ratio?
PS Ratio6.2x
SalesNOK 3.43b
Market CapNOK 21.35b

Price to Sales Ratio vs Peers

How does 2EN's PS Ratio compare to its peers?

The above table shows the PS ratio for 2EN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
GYC Grand City Properties
3.5x1.5%€2.1b
DEQ Deutsche EuroShop
5.2x-0.2%€1.5b
ADL Adler Real Estate
2.1xn/a€980.4m
AT1 Aroundtown
2.2x2.8%€3.1b
2EN Entra
6.2x-1.4%€21.3b

Price-To-Sales vs Peers: 2EN is expensive based on its Price-To-Sales Ratio (6.2x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

How does 2EN's PS Ratio compare vs other companies in the DE Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DIC Branicks Group
0.7x-21.8%US$194.06m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$85.70m
ADJ Adler Group
0.1xn/aUS$48.82m
NUVA Noratis
0.3x16.6%US$15.84m
2EN 6.2xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2EN is expensive based on its Price-To-Sales Ratio (6.2x) compared to the German Real Estate industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is 2EN'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.

2EN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ratio7.7x

Price-To-Sales vs Fair Ratio: 2EN is good value based on its Price-To-Sales Ratio (6.2x) compared to the estimated Fair Price-To-Sales Ratio (7.7x).

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 2EN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.56
€11.52
+20.6%
9.4%€12.58€9.50n/a6
Nov ’25€9.31
€11.27
+21.1%
9.1%€12.38€9.35n/a6
Oct ’25€11.24
€10.77
-4.2%
11.8%€11.70€8.78n/a6
Sep ’25€10.64
€10.73
+0.8%
13.3%€11.78€8.58n/a6
Aug ’25€10.06
€10.73
+6.7%
13.3%€11.78€8.58n/a6
Jul ’25€9.43
€9.82
+4.1%
13.1%€11.40€8.07n/a5
Jun ’25€9.41
€9.74
+3.5%
14.2%€11.38€7.70n/a5
May ’25€8.21
€8.94
+8.9%
16.1%€11.12€7.10n/a4
Apr ’25€9.02
€9.21
+2.2%
16.3%€11.20€7.15n/a4
Mar ’25€9.14
€9.83
+7.5%
11.2%€11.48€8.83n/a4
Feb ’25€10.16
€9.65
-5.0%
15.0%€11.45€7.75n/a4
Jan ’25€9.99
€8.36
-16.3%
15.2%€10.21€6.64n/a4
Dec ’24€8.63
€8.09
-6.3%
21.2%€10.24€5.46n/a4
Nov ’24€7.21
€8.14
+12.9%
21.2%€10.30€5.50€9.314
Oct ’24€8.07
€8.69
+7.7%
16.2%€10.42€6.52€11.244
Sep ’24€8.32
€8.69
+4.5%
16.2%€10.42€6.52€10.644
Aug ’24€8.58
€9.21
+7.3%
12.2%€10.78€7.63€10.064
Jul ’24€8.26
€8.76
+6.1%
16.0%€10.71€6.77€9.434
Jun ’24€8.03
€9.19
+14.5%
10.5%€10.51€8.24€9.413
May ’24€8.80
€9.61
+9.2%
14.2%€11.51€8.36€8.213
Apr ’24€8.67
€10.22
+17.9%
13.0%€11.89€8.63€9.023
Mar ’24€10.46
€10.38
-0.8%
11.6%€12.29€9.10€9.144
Feb ’24€10.76
€9.78
-9.1%
14.3%€12.11€8.38€10.164
Jan ’24€10.41
€9.63
-7.4%
18.4%€12.49€7.78€9.994
Dec ’23€10.20
€9.47
-7.2%
19.7%€12.40€7.34€8.634
Nov ’23€9.34
€9.46
+1.3%
21.5%€12.55€6.95€7.214

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

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