Aker Solutions ASA

OB:AKSO Stock Report

Market Cap: NOK 14.9b

Aker Solutions Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: AKSO (NOK30.84) is trading below our estimate of fair value (NOK155.74)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AKSO. This is calculated by dividing AKSO's market cap by their current earnings.
What is AKSO's PE Ratio?
PE Ratio6x
EarningsNOK 2.51b
Market CapNOK 14.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKSO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.9x
DOFG DOF Group
5.7x1.60%NOK 23.6b
TGS TGS
37.1x28.43%NOK 18.5b
SOMA Solstad Maritime
3.4x1.17%NOK 8.6b
BWO BW Offshore
5.3x-6.19%NOK 8.1b
AKSO Aker Solutions
6x-19.31%NOK 14.9b

Price-To-Earnings vs Peers: AKSO is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PRS Prosafe
1.1x-63.98%US$128.01m
AWDR Awilco Drilling
0.01xn/aUS$2.46m
EMGS Electromagnetic Geoservices
0.9xn/aUS$2.44m
No more companies available in this PE range
AKSO 6.0xIndustry Avg. 6.0xNo. of Companies4PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKSO is expensive based on its Price-To-Earnings Ratio (6x) compared to the Norwegian Energy Services industry average (6x).

Price to Earnings Ratio vs Fair Ratio

What is AKSO'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.

AKSO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio5.6x

Price-To-Earnings vs Fair Ratio: AKSO is expensive based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (5.6x).

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 AKSO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 30.84
NOK 35.00
+13.49%
13.63%NOK 44.00NOK 30.00n/a8
Dec ’26NOK 30.48
NOK 35.00
+14.83%
13.63%NOK 44.00NOK 30.00n/a8
Nov ’26NOK 27.90
NOK 33.38
+19.62%
17.08%NOK 44.00NOK 25.00n/a8
Oct ’26NOK 29.96
NOK 33.88
+13.07%
13.96%NOK 44.00NOK 29.00n/a8
Sep ’26NOK 31.10
NOK 33.88
+8.92%
13.96%NOK 44.00NOK 29.00n/a8
Aug ’26NOK 30.36
NOK 34.43
+13.40%
13.96%NOK 44.00NOK 29.00n/a7
Jul ’26NOK 34.64
NOK 34.14
-1.44%
14.97%NOK 45.00NOK 30.00n/a7
Jun ’26NOK 33.34
NOK 34.13
+2.35%
14.01%NOK 45.00NOK 30.00n/a8
May ’26NOK 28.06
NOK 36.10
+28.65%
12.66%NOK 45.00NOK 30.00n/a10
Apr ’26NOK 34.22
NOK 36.70
+7.25%
12.13%NOK 46.00NOK 30.00n/a10
Mar ’26NOK 32.18
NOK 36.82
+14.41%
12.25%NOK 46.00NOK 30.00n/a11
Feb ’26NOK 32.24
NOK 38.55
+19.56%
21.72%NOK 60.00NOK 27.00n/a11
Jan ’26NOK 31.10
NOK 38.72
+24.51%
21.39%NOK 60.00NOK 27.96NOK 30.9211
Dec ’25NOK 31.46
NOK 49.72
+58.05%
21.56%NOK 63.00NOK 27.96NOK 30.4811
Nov ’25NOK 48.00
NOK 56.00
+16.67%
13.23%NOK 68.00NOK 47.00NOK 27.9011
Oct ’25NOK 40.84
NOK 55.73
+36.45%
11.09%NOK 68.00NOK 46.00NOK 29.9611
Sep ’25NOK 44.44
NOK 56.33
+26.76%
10.31%NOK 68.00NOK 46.00NOK 31.1012
Aug ’25NOK 51.70
NOK 56.25
+8.80%
10.55%NOK 68.00NOK 46.00NOK 30.3612
Jul ’25NOK 44.30
NOK 50.92
+14.94%
14.46%NOK 64.00NOK 40.00NOK 34.6412
Jun ’25NOK 45.74
NOK 50.17
+9.68%
14.55%NOK 63.00NOK 40.00NOK 33.3412
May ’25NOK 42.10
NOK 50.17
+19.16%
14.55%NOK 63.00NOK 40.00NOK 28.0612
Apr ’25NOK 38.82
NOK 49.18
+26.69%
14.68%NOK 63.00NOK 40.00NOK 34.2211
Mar ’25NOK 35.94
NOK 50.27
+39.88%
13.14%NOK 63.00NOK 40.00NOK 32.1811
Feb ’25NOK 39.12
NOK 53.25
+36.12%
9.20%NOK 63.00NOK 46.00NOK 32.2412
Jan ’25NOK 42.02
NOK 53.00
+26.13%
11.22%NOK 64.00NOK 41.00NOK 31.1012
NOK 35
Fair Value
11.9% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/03 13:37
End of Day Share Price 2026/01/02 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

Aker Solutions ASA is covered by 27 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
Michael PickupBarclays
Michael PickupBarclays