ABL Group ASA

OB:ABL Stock Report

Market Cap: NOK 1.1b

ABL Group Valuation

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

NOK 36.57
Fair Value
77.5% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: ABL (NOK8.24) is trading below our estimate of fair value (NOK36.57)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ABL. This is calculated by dividing ABL's market cap by their current earnings.
What is ABL's PE Ratio?
PE Ratio20.8x
EarningsUS$5.16m
Market CapUS$107.55m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ABL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.6x
JACK Jacktel
10xn/aNOK 853.1m
EIOF Eidesvik Offshore
12xn/aNOK 930.5m
REACH Reach Subsea
10.4xn/aNOK 2.0b
NORAM NorAm Drilling
10x21.30%NOK 1.3b
ABL ABL Group
20.8x47.87%NOK 1.1b

Price-To-Earnings vs Peers: ABL is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does ABL's PE Ratio compare vs other companies in the NO Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EMGS Electromagnetic Geoservices
1.3xn/aUS$3.49m
AWDR Awilco Drilling
0.01xn/aUS$2.46m
No more companies available in this PE range
ABL 20.8xIndustry Avg. 6.4xNo. of Companies4PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ABL is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the Norwegian Energy Services industry average (6.4x).

Price to Earnings Ratio vs Fair Ratio

What is ABL'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.

ABL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.8x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: ABL is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

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 ABL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 8.24
NOK 11.60
+40.82%
0.83%NOK 11.70NOK 11.51n/a2
Nov ’26NOK 8.76
NOK 11.60
+32.46%
0.83%NOK 11.70NOK 11.51n/a2
Oct ’26NOK 8.76
NOK 11.56
+31.97%
0.43%NOK 11.61NOK 11.51n/a2
Sep ’26NOK 9.06
NOK 11.56
+27.60%
0.43%NOK 11.61NOK 11.51n/a2
Aug ’26NOK 9.40
NOK 11.80
+25.55%
2.08%NOK 12.05NOK 11.56n/a2
Jul ’26NOK 9.18
NOK 11.80
+28.56%
2.08%NOK 12.05NOK 11.56n/a2
Jun ’26NOK 9.56
NOK 11.80
+23.45%
2.08%NOK 12.05NOK 11.56n/a2
May ’26NOK 9.60
NOK 11.33
+18.02%
6.06%NOK 12.02NOK 10.64n/a2
Apr ’26NOK 9.40
NOK 12.32
+31.02%
6.45%NOK 13.11NOK 11.52n/a2
Mar ’26NOK 9.40
NOK 12.32
+31.02%
6.45%NOK 13.11NOK 11.52n/a2
Oct ’25NOK 10.25
NOK 13.07
+27.47%
0.45%NOK 13.12NOK 13.01NOK 8.762
Sep ’25NOK 10.10
NOK 12.92
+27.89%
0.61%NOK 13.00NOK 12.84NOK 9.062
Aug ’25NOK 12.50
NOK 15.62
+24.99%
1.02%NOK 15.78NOK 15.46NOK 9.402
Jul ’25NOK 12.30
NOK 15.62
+27.02%
1.02%NOK 15.78NOK 15.46NOK 9.182
Jun ’25NOK 12.50
NOK 15.62
+24.99%
1.02%NOK 15.78NOK 15.46NOK 9.562
May ’25NOK 11.80
NOK 16.01
+35.70%
0.24%NOK 16.05NOK 15.97NOK 9.602
Apr ’25NOK 12.15
NOK 18.01
+48.24%
5.44%NOK 18.99NOK 17.03NOK 9.402
Mar ’25NOK 11.90
NOK 18.01
+51.36%
5.44%NOK 18.99NOK 17.03NOK 9.402
Feb ’25NOK 12.55
NOK 17.81
+41.91%
4.55%NOK 18.62NOK 17.00NOK 9.902
Jan ’25NOK 13.10
NOK 17.81
+35.96%
4.55%NOK 18.62NOK 17.00NOK 9.602
NOK 11.6
Fair Value
29.0% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 01:42
End of Day Share Price 2025/11/26 00:00
Earnings2025/09/30
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

ABL Group ASA is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karl ØyehaugCarnegie Investment Bank AB
Martine Emelie KverneNordea Markets
Jorgen OpheimPareto Securities