Gjensidige Forsikring ASA

BATS-CHIXE:GJFO Stock Report

Market Cap: NOK 101.4b

Gjensidige Forsikring Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: GJFO (NOK203) is trading below our estimate of fair value (NOK336.99)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GJFO. This is calculated by dividing GJFO's market cap by their current earnings.
What is GJFO's PE Ratio?
PE Ratio20.7x
EarningsNOK 4.91b
Market CapNOK 101.39b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GJFO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.3x
AV. Aviva
9.9x5.0%UK£12.6b
BEZ Beazley
4.8x-17.8%UK£5.1b
ADM Admiral Group
20x11.2%UK£8.0b
HSX Hiscox
6.4x-2.3%UK£3.7b
GJFO Gjensidige Forsikring
20.7x13.5%NOK 101.4b

Price-To-Earnings vs Peers: GJFO is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

How does GJFO's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies12PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GJFO is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the European Insurance industry average (12x).

Price to Earnings Ratio vs Fair Ratio

What is GJFO'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.

GJFO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GJFO's Price-To-Earnings Fair Ratio for valuation analysis.

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 GJFO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 203.00
NOK 197.35
-2.8%
12.4%NOK 235.00NOK 155.50n/a13
Dec ’25n/a
NOK 197.35
0%
12.4%NOK 235.00NOK 155.50n/a13
Nov ’25NOK 199.10
NOK 195.28
-1.9%
12.0%NOK 235.00NOK 155.50n/a13
Oct ’25n/a
NOK 190.91
0%
11.7%NOK 233.00NOK 155.50n/a14
Sep ’25n/a
NOK 190.70
0%
11.6%NOK 233.00NOK 155.50n/a14
Aug ’25NOK 185.50
NOK 190.70
+2.8%
11.6%NOK 233.00NOK 155.50n/a14
Jul ’25NOK 190.90
NOK 191.78
+0.5%
7.7%NOK 220.00NOK 170.90n/a14
Jun ’25n/a
NOK 188.35
0%
10.0%NOK 220.00NOK 154.00n/a14
May ’25NOK 178.60
NOK 187.64
+5.1%
10.1%NOK 220.00NOK 154.00n/a14
Apr ’25n/a
NOK 190.16
0%
11.8%NOK 245.00NOK 155.00n/a14
Mar ’25NOK 169.40
NOK 190.16
+12.3%
11.8%NOK 245.00NOK 155.00n/a14
Feb ’25n/a
NOK 194.38
0%
10.0%NOK 245.00NOK 165.30n/a14
Jan ’25n/a
NOK 192.54
0%
12.8%NOK 245.00NOK 140.50n/a14
Dec ’24NOK 181.40
NOK 191.61
+5.6%
13.1%NOK 245.00NOK 140.50n/a14
Nov ’24n/a
NOK 186.04
0%
12.8%NOK 240.00NOK 140.50NOK 199.1014
Oct ’24n/a
NOK 187.94
0%
12.4%NOK 240.00NOK 156.00n/a14
Sep ’24n/a
NOK 189.02
0%
14.3%NOK 256.00NOK 156.00n/a13
Aug ’24n/a
NOK 189.02
0%
14.3%NOK 256.00NOK 156.00NOK 185.5013
Jul ’24n/a
NOK 200.19
0%
11.7%NOK 257.00NOK 159.00NOK 190.9014
Jun ’24NOK 185.30
NOK 200.98
+8.5%
11.0%NOK 257.00NOK 162.70n/a14
May ’24NOK 185.80
NOK 202.16
+8.8%
10.9%NOK 257.00NOK 168.10NOK 178.6013
Apr ’24NOK 168.50
NOK 201.36
+19.5%
13.0%NOK 260.00NOK 150.00n/a14
Mar ’24NOK 182.70
NOK 203.78
+11.5%
12.6%NOK 260.00NOK 150.00NOK 169.4013
Feb ’24NOK 181.50
NOK 205.08
+13.0%
13.0%NOK 260.00NOK 150.00n/a13
Jan ’24NOK 192.15
NOK 207.45
+8.0%
12.2%NOK 260.00NOK 158.00n/a13

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 20:16
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gjensidige Forsikring ASA is covered by 30 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fridtjof BerentsArctic Securities ASA
Claudia GaspariBarclays
Robert BateBarclays