Tomra Systems ASA

OB:TOM Stock Report

Market Cap: NOK 32.9b

Tomra Systems Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of TOM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TOM (NOK111.3) is trading below our estimate of future cash flow value (NOK262.54)

Significantly Below Future Cash Flow Value: TOM is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TOM. This is calculated by dividing TOM's market cap by their current earnings.
What is TOM's PE Ratio?
PE Ratio31.2x
Earnings€93.00m
Market Cap€2.91b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
AUTO AutoStore Holdings
43.1x27.24%NOK 34.3b
CAMBI Cambi
18x26.34%NOK 2.9b
GOD Goodtech
10.1x3.08%NOK 301.3m
VEI Veidekke
16.7x2.10%NOK 25.9b
TOM Tomra Systems
31.2x30.28%NOK 32.9b

Price-To-Earnings vs Peers: TOM is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the peer average (22x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does TOM's PE Ratio compare vs other companies in the European Machinery Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOM 31.2xIndustry Avg. 19.3xNo. of Companies35PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOM is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the European Machinery industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

What is TOM'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.

TOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.2x
Fair PE Ratio37.9x

Price-To-Earnings vs Fair Ratio: TOM is good value based on its Price-To-Earnings Ratio (31.2x) compared to the estimated Fair Price-To-Earnings Ratio (37.9x).

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 TOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 111.30
NOK 148.34
+33.28%
15.04%NOK 195.70NOK 108.41n/a9
Mar ’27NOK 117.60
NOK 150.31
+27.81%
15.88%NOK 198.67NOK 110.06n/a8
Feb ’27NOK 128.10
NOK 148.70
+16.08%
15.07%NOK 193.54NOK 109.88n/a8
Jan ’27NOK 136.00
NOK 154.41
+13.53%
17.42%NOK 199.00NOK 109.82n/a7
Dec ’26NOK 129.50
NOK 149.73
+15.62%
14.44%NOK 178.61NOK 109.15n/a7
Nov ’26NOK 124.00
NOK 155.44
+25.36%
16.86%NOK 191.86NOK 109.55n/a7
Oct ’26NOK 151.60
NOK 174.22
+14.92%
16.11%NOK 209.09NOK 127.02n/a6
Sep ’26NOK 149.50
NOK 174.89
+16.98%
16.30%NOK 210.97NOK 128.16n/a6
Aug ’26NOK 141.70
NOK 174.78
+23.35%
16.12%NOK 211.40NOK 128.42n/a6
Jul ’26NOK 153.80
NOK 178.02
+15.75%
15.74%NOK 213.38NOK 131.27n/a6
Jun ’26NOK 152.40
NOK 170.58
+11.93%
15.23%NOK 207.89NOK 128.69n/a7
May ’26NOK 162.50
NOK 175.53
+8.02%
16.59%NOK 207.90NOK 120.17n/a7
Apr ’26NOK 149.40
NOK 176.56
+18.18%
18.90%NOK 214.66NOK 116.80n/a7
Mar ’26NOK 168.30
NOK 173.10
+2.85%
18.47%NOK 221.25NOK 120.39NOK 117.608
Feb ’26NOK 167.70
NOK 158.28
-5.62%
17.19%NOK 190.04NOK 98.88NOK 128.107
Jan ’26NOK 146.60
NOK 153.04
+4.39%
14.64%NOK 169.58NOK 99.50NOK 136.007
Dec ’25NOK 155.60
NOK 144.34
-7.23%
16.25%NOK 163.87NOK 98.59NOK 129.507
Nov ’25NOK 156.30
NOK 145.33
-7.02%
16.12%NOK 165.96NOK 99.85NOK 124.007
Oct ’25NOK 153.20
NOK 141.11
-7.89%
16.71%NOK 160.07NOK 93.06NOK 151.607
Sep ’25NOK 164.10
NOK 132.31
-19.37%
15.76%NOK 152.87NOK 94.58NOK 149.506
Aug ’25NOK 176.00
NOK 128.67
-26.89%
15.64%NOK 154.89NOK 95.83NOK 141.706
Jul ’25NOK 131.60
NOK 115.47
-12.26%
9.50%NOK 127.30NOK 95.22NOK 153.806
Jun ’25NOK 137.80
NOK 114.13
-17.18%
9.97%NOK 126.84NOK 94.99NOK 152.406
May ’25NOK 137.70
NOK 117.29
-14.82%
10.68%NOK 131.27NOK 94.95NOK 162.506
Apr ’25NOK 169.55
NOK 105.56
-37.74%
20.22%NOK 133.84NOK 77.33NOK 149.407
Mar ’25NOK 132.45
NOK 101.07
-23.69%
22.49%NOK 130.18NOK 75.21NOK 168.308
NOK 148.34
Fair Value
25.0% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/23 05:21
End of Day Share Price 2026/03/23 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Tomra Systems ASA is covered by 18 analysts. 8 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
Pallav MittalBarclays
Gaurav JainBarclays