Storebrand ASA

BATS-CHIXE:STBo Stock Report

Market Cap: NOK 55.8b

Storebrand Valuation

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

Discounted Cash Flow
Simply Wall St
NOK 212.60
Fair Value
56.7% undervalued intrinsic discount
9
Number of Analysts

Below Fair Value: STBo (NOK126.55) is trading below our estimate of fair value (NOK252.09)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for STBo. This is calculated by dividing STBo's market cap by their current earnings.
What is STBo's PE Ratio?
PE Ratio10x
EarningsNOK 5.58b
Market CapNOK 55.80b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STBo vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.5x
JUST Just Group
21.8x19.73%UK£1.5b
LGEN Legal & General Group
81x28.23%UK£13.8b
PRU Prudential
13.2x11.30%UK£22.6b
CSN Chesnara
106.1x24.52%UK£413.7m
STBO Storebrand
14.2x9.55%NOK 41.4b

Price-To-Earnings vs Peers: STBo is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (35.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies13PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: STBo is good value based on its Price-To-Earnings Ratio (10x) compared to the European Insurance industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is STBo'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.

STBo PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate STBo'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 STBo forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 126.55
NOK 129.50
+2.33%
13.37%NOK 150.00NOK 99.00n/a8
May ’26NOK 122.85
NOK 127.00
+3.38%
13.86%NOK 150.00NOK 99.00n/a7
Apr ’26NOK 133.15
NOK 126.13
-5.28%
13.19%NOK 150.00NOK 99.00n/a8
Mar ’26NOK 124.35
NOK 122.13
-1.79%
11.02%NOK 140.00NOK 99.00n/a8
Feb ’26NOK 133.25
NOK 122.00
-8.44%
12.30%NOK 140.00NOK 99.00n/a7
Jan ’26n/a
NOK 121.13
0%
11.62%NOK 140.00NOK 99.00n/a8
Dec ’25NOK 124.05
NOK 121.13
-2.36%
11.62%NOK 140.00NOK 99.00n/a8
Nov ’25NOK 125.30
NOK 118.88
-5.13%
14.60%NOK 140.00NOK 85.00n/a8
Oct ’25NOK 116.00
NOK 114.89
-0.96%
11.13%NOK 131.00NOK 85.00n/a9
Sep ’25n/a
NOK 114.67
0%
10.92%NOK 129.00NOK 85.00n/a9
Aug ’25NOK 109.70
NOK 114.67
+4.53%
10.92%NOK 129.00NOK 85.00n/a9
Jul ’25n/a
NOK 113.56
0%
10.64%NOK 127.00NOK 85.00n/a9
Jun ’25n/a
NOK 111.44
0%
10.52%NOK 125.00NOK 85.00n/a9
May ’25n/a
NOK 111.44
0%
10.52%NOK 125.00NOK 85.00NOK 122.859
Apr ’25n/a
NOK 104.83
0%
9.03%NOK 118.00NOK 85.00NOK 133.159
Mar ’25n/a
NOK 104.83
0%
9.03%NOK 118.00NOK 85.00NOK 124.359
Feb ’25NOK 97.15
NOK 105.11
+8.19%
9.28%NOK 120.00NOK 85.00NOK 133.259
Jan ’25NOK 89.80
NOK 103.56
+15.32%
9.24%NOK 119.00NOK 85.00n/a9
Dec ’24NOK 93.97
NOK 101.56
+8.07%
8.47%NOK 119.00NOK 85.00NOK 124.059
Nov ’24NOK 90.62
NOK 100.00
+10.35%
10.28%NOK 115.00NOK 75.00NOK 125.309
Oct ’24n/a
NOK 98.38
0%
10.00%NOK 109.00NOK 75.00NOK 116.008
Sep ’24n/a
NOK 98.38
0%
10.00%NOK 109.00NOK 75.00n/a8
Aug ’24n/a
NOK 99.00
0%
9.86%NOK 109.00NOK 75.00NOK 109.708
Jul ’24NOK 80.92
NOK 99.00
+22.34%
9.86%NOK 109.00NOK 75.00n/a8
Jun ’24NOK 80.45
NOK 98.78
+22.78%
9.34%NOK 109.00NOK 75.00n/a9
May ’24NOK 79.84
NOK 98.89
+23.86%
9.46%NOK 110.00NOK 75.00n/a9
AnalystConsensusTarget
Consensus Narrative from 9 Analysts
NOK 102.98
Fair Value
10.6% undervalued intrinsic discount
9
Number of Analysts

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 Analysis2025/05/14 12:51
End of Day Share Price 2025/05/09 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Storebrand ASA is covered by 27 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Bassem NeiferAlphaValue
Fridtjof BerentsArctic Securities ASA