Is BNOR 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of BNOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Discounted Cash Flow
Simply Wall St
NOK 1.03k
Fair Value
33.4% undervalued intrinsic discount
4
Number of Analysts
Below Fair Value: BNOR (NOK688) is trading below our estimate of fair value (NOK1032.8)
Significantly Below Fair Value: BNOR is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BNOR?
Key metric: As BNOR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
The above table shows the Price to Sales ratio for BNOR. This is calculated by dividing BNOR's market cap by their current
revenue.
What is BNOR's PS Ratio?
PS Ratio
2.3x
Sales
US$702.30m
Market Cap
US$1.64b
BNOR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Price-To-Sales vs Industry: BNOR is expensive based on its Price-To-Sales Ratio (2.3x) compared to the Norwegian Oil and Gas industry average (0.8x).
Price to Sales Ratio vs Fair Ratio
What is BNOR's PS Ratio
compared to its
Fair PS Ratio?
This is the expected PS Ratio taking into
account the company's forecast earnings growth, profit margins
and other risk factors.
BNOR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio
2.3x
Fair PS Ratio
0.9x
Price-To-Sales vs Fair Ratio: BNOR is expensive based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).
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 BNOR forecast and predictions for the stock price in 12 month’s time.
Date
Share Price
Average 1Y Price Target
Dispersion
High
Low
1Y Actual price
Analysts
Current
NOK 688.00
NOK 720.00
+4.7%
8.9%
NOK 830.00
NOK 670.00
n/a
4
Feb ’26
NOK 672.00
NOK 720.00
+7.1%
8.9%
NOK 830.00
NOK 670.00
n/a
4
Jan ’26
NOK 657.00
NOK 720.00
+9.6%
8.9%
NOK 830.00
NOK 670.00
n/a
4
Dec ’25
NOK 590.00
NOK 720.00
+22.0%
8.9%
NOK 830.00
NOK 670.00
n/a
4
Nov ’25
NOK 534.00
NOK 686.67
+28.6%
11.9%
NOK 800.00
NOK 610.00
n/a
3
Oct ’25
NOK 478.00
NOK 678.33
+41.9%
13.3%
NOK 800.00
NOK 585.00
n/a
3
Sep ’25
NOK 478.50
NOK 686.67
+43.5%
11.9%
NOK 800.00
NOK 610.00
n/a
3
Aug ’25
NOK 508.00
NOK 686.67
+35.2%
11.9%
NOK 800.00
NOK 610.00
n/a
3
Jul ’25
NOK 563.00
NOK 707.50
+25.7%
13.1%
NOK 800.00
NOK 615.00
n/a
2
Jun ’25
NOK 550.00
NOK 681.67
+23.9%
12.3%
NOK 800.00
NOK 615.00
n/a
3
May ’25
NOK 569.00
NOK 640.67
+12.6%
1.3%
NOK 650.00
NOK 630.00
n/a
3
Apr ’25
NOK 573.00
NOK 644.00
+12.4%
1.9%
NOK 660.00
NOK 630.00
n/a
3
Mar ’25
NOK 552.00
NOK 650.67
+17.9%
1.1%
NOK 660.00
NOK 642.00
n/a
3
Feb ’25
NOK 502.00
NOK 649.33
+29.3%
1.4%
NOK 660.00
NOK 638.00
NOK 672.00
3
Jan ’25
NOK 497.50
NOK 619.00
+24.4%
3.1%
NOK 638.00
NOK 600.00
NOK 657.00
2
Dec ’24
NOK 496.00
NOK 619.00
+24.8%
3.1%
NOK 638.00
NOK 600.00
NOK 590.00
2
Nov ’24
NOK 591.00
NOK 619.00
+4.7%
3.1%
NOK 638.00
NOK 600.00
NOK 534.00
2
Oct ’24
NOK 519.00
NOK 573.00
+10.4%
4.7%
NOK 600.00
NOK 546.00
NOK 478.00
2
Sep ’24
NOK 494.50
NOK 573.00
+15.9%
4.7%
NOK 600.00
NOK 546.00
NOK 478.50
2
Aug ’24
NOK 437.50
NOK 573.00
+31.0%
4.7%
NOK 600.00
NOK 546.00
NOK 508.00
2
Jul ’24
NOK 409.00
NOK 572.50
+40.0%
4.8%
NOK 600.00
NOK 545.00
NOK 563.00
2
Jun ’24
NOK 383.00
NOK 546.50
+42.7%
9.8%
NOK 600.00
NOK 493.00
NOK 550.00
2
May ’24
NOK 362.50
NOK 546.50
+50.8%
9.8%
NOK 600.00
NOK 493.00
NOK 569.00
2
Apr ’24
NOK 350.00
NOK 546.50
+56.1%
9.8%
NOK 600.00
NOK 493.00
NOK 573.00
2
Mar ’24
NOK 403.50
NOK 546.50
+35.4%
9.8%
NOK 600.00
NOK 493.00
NOK 552.00
2
Analyst Price Target
Consensus Narrative from 4 Analysts
NOK 720.00
Fair Value
4.4% undervalued intrinsic discount
4
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
Data
Last Updated (UTC time)
Company Analysis
2025/02/23 05:22
End of Day Share Price
2025/02/21 00:00
Earnings
2024/12/31
Annual Earnings
2024/12/31
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.
* 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
BlueNord ASA is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.