Kongsberg Gruppen ASA

OB:KOG Stock Report

Market Cap: NOK 301.1b

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.

Discounted Cash Flow
Simply Wall St
NOK 818.20
Fair Value
106.0% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: KOG (NOK1685.5) is trading above our estimate of fair value (NOK818.2)

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 Ratio47.2x
EarningsNOK 6.28b
Market CapNOK 301.14b

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 Average46.8x
A012450 Hanwha Aerospace
16.1x-1.10%₩38.5t
SAAB B Saab
52.1x18.88%SEK 246.0b
500049 Bharat Electronics
50x11.82%₹2.7t
HEI HEICO
68.8x11.59%US$33.8b
KOG Kongsberg Gruppen
47.2x12.13%NOK 301.1b

Price-To-Earnings vs Peers: KOG is expensive based on its Price-To-Earnings Ratio (47.2x) compared to the peer average (46.9x).

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 47.2xIndustry Avg. 32.6xNo. of Companies10PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KOG is expensive based on its Price-To-Earnings Ratio (47.2x) compared to the European Aerospace & Defense industry average (32.6x).

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 Ratio47.2x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: KOG is expensive based on its Price-To-Earnings Ratio (47.2x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).

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 KOG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 1,685.50
NOK 1,469.50
-12.82%
12.87%NOK 1,800.00NOK 1,250.00n/a6
May ’26NOK 1,668.00
NOK 1,339.00
-19.72%
7.35%NOK 1,500.00NOK 1,250.00n/a6
Apr ’26NOK 1,565.00
NOK 1,314.00
-16.04%
6.49%NOK 1,500.00NOK 1,250.00n/a6
Mar ’26NOK 1,365.00
NOK 1,306.57
-4.28%
7.72%NOK 1,500.00NOK 1,150.00n/a7
Feb ’26NOK 1,346.00
NOK 1,282.29
-4.73%
9.51%NOK 1,500.00NOK 1,060.00n/a7
Jan ’26NOK 1,280.00
NOK 1,199.43
-6.29%
16.47%NOK 1,500.00NOK 850.00n/a7
Dec ’25NOK 1,299.00
NOK 1,163.14
-10.46%
20.53%NOK 1,500.00NOK 806.00n/a7
Nov ’25NOK 1,152.00
NOK 1,145.00
-0.61%
20.06%NOK 1,500.00NOK 806.00n/a7
Oct ’25NOK 1,064.00
NOK 1,078.43
+1.36%
21.01%NOK 1,500.00NOK 770.00n/a7
Sep ’25NOK 1,122.00
NOK 1,062.71
-5.28%
23.53%NOK 1,500.00NOK 660.00n/a7
Aug ’25NOK 1,084.00
NOK 1,062.71
-1.96%
23.53%NOK 1,500.00NOK 660.00n/a7
Jul ’25NOK 901.50
NOK 949.86
+5.36%
26.81%NOK 1,500.00NOK 600.00n/a7
Jun ’25NOK 901.50
NOK 801.14
-11.13%
12.33%NOK 875.00NOK 570.00n/a7
May ’25NOK 786.00
NOK 797.57
+1.47%
13.44%NOK 875.00NOK 545.00NOK 1,668.007
Apr ’25NOK 749.50
NOK 619.57
-17.34%
12.22%NOK 685.00NOK 467.00NOK 1,565.007
Mar ’25NOK 681.50
NOK 619.57
-9.09%
12.22%NOK 685.00NOK 467.00NOK 1,365.007
Feb ’25NOK 540.00
NOK 490.83
-9.10%
23.87%NOK 600.00NOK 250.00NOK 1,346.006
Jan ’25NOK 465.40
NOK 486.67
+4.57%
23.34%NOK 575.00NOK 250.00NOK 1,280.006
Dec ’24NOK 473.20
NOK 495.17
+4.64%
22.78%NOK 575.00NOK 250.00NOK 1,299.006
Nov ’24NOK 462.40
NOK 495.17
+7.09%
22.78%NOK 575.00NOK 250.00NOK 1,152.006
Oct ’24NOK 441.20
NOK 483.33
+9.55%
22.21%NOK 550.00NOK 250.00NOK 1,064.006
Sep ’24NOK 446.60
NOK 480.83
+7.67%
22.37%NOK 550.00NOK 250.00NOK 1,122.006
Aug ’24NOK 438.60
NOK 480.83
+9.63%
22.37%NOK 550.00NOK 250.00NOK 1,084.006
Jul ’24NOK 488.20
NOK 484.17
-0.83%
22.17%NOK 550.00NOK 250.00NOK 901.506
Jun ’24NOK 453.40
NOK 456.00
+0.57%
23.33%NOK 550.00NOK 250.00NOK 901.505
May ’24NOK 477.80
NOK 455.00
-4.77%
23.32%NOK 550.00NOK 250.00NOK 786.005
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
NOK 1.47k
Fair Value
14.7% overvalued intrinsic discount
6
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 Analysis2025/05/20 16:56
End of Day Share Price 2025/05/20 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

Kongsberg Gruppen ASA is covered by 13 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
Kenneth SivertsenArctic Securities ASA
Ivar Lemmechen GjulBeringer Finance AB