Aker BP ASA

OB:AKRBP Stock Report

Market Cap: NOK 135.8b

Aker BP Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: AKRBP (NOK214.7) is trading below our estimate of fair value (NOK1657.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AKRBP. This is calculated by dividing AKRBP's market cap by their current earnings.
What is AKRBP's PE Ratio?
PE Ratio8.3x
EarningsUS$1.43b
Market CapUS$11.92b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKRBP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
VAR Vår Energi
12.9x16.7%NOK 84.9b
BNOR BlueNord
36.3x50.9%NOK 16.5b
BWE BW Energy
3x7.2%NOK 6.6b
DNO DNO
11.3x15.3%NOK 9.7b
AKRBP Aker BP
8.3x0.7%NOK 135.8b

Price-To-Earnings vs Peers: AKRBP is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does AKRBP's PE Ratio compare vs other companies in the European Oil and Gas Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AKRBP 8.3xIndustry Avg. 8.3xNo. of Companies17PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKRBP is expensive based on its Price-To-Earnings Ratio (8.3x) compared to the European Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is AKRBP'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.

AKRBP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio10.6x

Price-To-Earnings vs Fair Ratio: AKRBP is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.6x).

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 AKRBP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 214.70
NOK 280.11
+30.5%
14.0%NOK 370.00NOK 220.00n/a19
Dec ’25NOK 226.40
NOK 281.16
+24.2%
13.8%NOK 370.00NOK 220.00n/a19
Nov ’25NOK 233.70
NOK 286.47
+22.6%
15.5%NOK 370.00NOK 220.00n/a19
Oct ’25NOK 232.30
NOK 302.05
+30.0%
17.3%NOK 415.00NOK 220.00n/a19
Sep ’25NOK 253.90
NOK 316.11
+24.5%
14.3%NOK 415.00NOK 230.00n/a19
Aug ’25NOK 262.10
NOK 317.16
+21.0%
14.2%NOK 415.00NOK 230.00n/a19
Jul ’25NOK 275.40
NOK 319.26
+15.9%
13.6%NOK 415.00NOK 230.00n/a19
Jun ’25NOK 268.90
NOK 318.53
+18.5%
13.4%NOK 415.00NOK 230.00n/a19
May ’25NOK 272.00
NOK 321.68
+18.3%
13.2%NOK 415.00NOK 230.00n/a19
Apr ’25NOK 269.80
NOK 321.06
+19.0%
12.9%NOK 415.00NOK 230.00n/a18
Mar ’25NOK 262.40
NOK 320.74
+22.2%
14.1%NOK 415.00NOK 230.00n/a19
Feb ’25NOK 281.00
NOK 340.63
+21.2%
11.4%NOK 415.00NOK 275.00n/a19
Jan ’25NOK 295.50
NOK 352.50
+19.3%
11.0%NOK 420.00NOK 275.00n/a18
Dec ’24NOK 307.40
NOK 352.50
+14.7%
11.0%NOK 420.00NOK 275.00NOK 226.4018
Nov ’24NOK 315.70
NOK 351.17
+11.2%
11.4%NOK 420.00NOK 275.00NOK 233.7018
Oct ’24NOK 296.00
NOK 330.65
+11.7%
13.1%NOK 425.00NOK 240.00NOK 232.3017
Sep ’24NOK 295.60
NOK 327.83
+10.9%
13.7%NOK 425.00NOK 240.00NOK 253.9018
Aug ’24NOK 278.60
NOK 327.28
+17.5%
13.7%NOK 425.00NOK 240.00NOK 262.1018
Jul ’24NOK 251.80
NOK 333.76
+32.6%
12.4%NOK 420.00NOK 240.00NOK 275.4017
Jun ’24NOK 242.90
NOK 337.44
+38.9%
12.7%NOK 420.00NOK 240.00NOK 268.9016
May ’24NOK 254.50
NOK 340.94
+34.0%
13.8%NOK 420.00NOK 240.00NOK 272.0016
Apr ’24NOK 256.30
NOK 354.00
+38.1%
11.0%NOK 435.00NOK 275.00NOK 269.8016
Mar ’24NOK 282.20
NOK 357.13
+26.6%
11.2%NOK 435.00NOK 275.00NOK 262.4016
Feb ’24NOK 302.40
NOK 371.44
+22.8%
12.6%NOK 455.00NOK 270.00NOK 281.0016
Jan ’24NOK 304.10
NOK 382.75
+25.9%
13.5%NOK 455.00NOK 270.00NOK 295.5016
Dec ’23NOK 335.30
NOK 377.27
+12.5%
15.1%NOK 465.00NOK 275.00NOK 307.4015

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 08:50
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Aker BP ASA is covered by 44 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert Jan VosABN AMRO Bank N.V.
Christian YggesethArctic Securities ASA
Lydia RainforthBarclays