Kongsberg Gruppen ASA

OB:KOG Stock Report

Market Cap: NOK 211.1b

Kongsberg Gruppen Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: KOG (NOK1200) is trading above our estimate of fair value (NOK626.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KOG. This is calculated by dividing KOG's market cap by their current earnings.
What is KOG's PE Ratio?
PE Ratio43.7x
EarningsNOK 4.83b
Market CapNOK 211.09b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.1x
AUTO AutoStore Holdings
26x11.1%NOK 39.6b
AKER Aker
13.5xn/aNOK 42.6b
MTX MTU Aero Engines
23.3x10.3%€16.5b
TOM Tomra Systems
73.6x44.2%NOK 44.2b
KOG Kongsberg Gruppen
43.7x15.7%NOK 211.1b

Price-To-Earnings vs Peers: KOG is expensive based on its Price-To-Earnings Ratio (43.7x) compared to the peer average (34.1x).

Price to Earnings Ratio vs Industry

How does KOG's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KOG 43.7xIndustry Avg. 22.7xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KOG is expensive based on its Price-To-Earnings Ratio (43.7x) compared to the European Aerospace & Defense industry average (24x).

Price to Earnings Ratio vs Fair Ratio

What is KOG'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.

KOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.7x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: KOG is expensive based on its Price-To-Earnings Ratio (43.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).

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 KOG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 1,200.00
NOK 1,163.14
-3.1%
20.5%NOK 1,500.00NOK 806.00n/a7
Nov ’25NOK 1,152.00
NOK 1,145.00
-0.6%
20.1%NOK 1,500.00NOK 806.00n/a7
Oct ’25NOK 1,064.00
NOK 1,078.43
+1.4%
21.0%NOK 1,500.00NOK 770.00n/a7
Sep ’25NOK 1,122.00
NOK 1,062.71
-5.3%
23.5%NOK 1,500.00NOK 660.00n/a7
Aug ’25NOK 1,084.00
NOK 1,062.71
-2.0%
23.5%NOK 1,500.00NOK 660.00n/a7
Jul ’25NOK 901.50
NOK 949.86
+5.4%
26.8%NOK 1,500.00NOK 600.00n/a7
Jun ’25NOK 901.50
NOK 801.14
-11.1%
12.3%NOK 875.00NOK 570.00n/a7
May ’25NOK 786.00
NOK 797.57
+1.5%
13.4%NOK 875.00NOK 545.00n/a7
Apr ’25NOK 749.50
NOK 619.57
-17.3%
12.2%NOK 685.00NOK 467.00n/a7
Mar ’25NOK 681.50
NOK 619.57
-9.1%
12.2%NOK 685.00NOK 467.00n/a7
Feb ’25NOK 540.00
NOK 490.83
-9.1%
23.9%NOK 600.00NOK 250.00n/a6
Jan ’25NOK 465.40
NOK 486.67
+4.6%
23.3%NOK 575.00NOK 250.00n/a6
Dec ’24NOK 473.20
NOK 495.17
+4.6%
22.8%NOK 575.00NOK 250.00n/a6
Nov ’24NOK 462.40
NOK 495.17
+7.1%
22.8%NOK 575.00NOK 250.00NOK 1,152.006
Oct ’24NOK 441.20
NOK 483.33
+9.5%
22.2%NOK 550.00NOK 250.00NOK 1,064.006
Sep ’24NOK 446.60
NOK 480.83
+7.7%
22.4%NOK 550.00NOK 250.00NOK 1,122.006
Aug ’24NOK 438.60
NOK 480.83
+9.6%
22.4%NOK 550.00NOK 250.00NOK 1,084.006
Jul ’24NOK 488.20
NOK 484.17
-0.8%
22.2%NOK 550.00NOK 250.00NOK 901.506
Jun ’24NOK 453.40
NOK 456.00
+0.6%
23.3%NOK 550.00NOK 250.00NOK 901.505
May ’24NOK 477.80
NOK 455.00
-4.8%
23.3%NOK 550.00NOK 250.00NOK 786.005
Apr ’24NOK 422.80
NOK 376.25
-11.0%
19.5%NOK 425.00NOK 250.00NOK 749.504
Mar ’24NOK 433.20
NOK 376.25
-13.1%
19.5%NOK 425.00NOK 250.00NOK 681.504
Feb ’24NOK 392.60
NOK 375.75
-4.3%
19.5%NOK 425.00NOK 250.00NOK 540.004
Jan ’24NOK 415.60
NOK 369.50
-11.1%
18.9%NOK 425.00NOK 250.00NOK 465.404
Dec ’23NOK 404.00
NOK 369.50
-8.5%
18.9%NOK 425.00NOK 250.00NOK 473.204
Nov ’23NOK 391.20
NOK 366.25
-6.4%
18.7%NOK 425.00NOK 250.00NOK 462.404

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

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