Cmb.Tech NV

OB:CMBTO Stock Report

Market Cap: NOK 36.3b

Cmb.Tech Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 CMBTO 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: CMBTO (NOK123) is trading below our estimate of future cash flow value (NOK1080.98)

Significantly Below Future Cash Flow Value: CMBTO 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 CMBTO?

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

The above table shows the Price to Earnings ratio for CMBTO. This is calculated by dividing CMBTO's market cap by their current earnings.
What is CMBTO's PE Ratio?
PE Ratio23x
EarningsUS$164.77m
Market CapUS$3.80b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CMBTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
HAFNI Hafnia
10.7x1.19%NOK 31.7b
BWLPG BWG
14.9x-6.82%NOK 24.0b
OET Okeanis Eco Tankers
21.5x26.68%NOK 15.8b
VAR Vår Energi
11x2.47%NOK 82.2b
CMBTO Cmb.Tech
23x23.55%NOK 3.2b

Price-To-Earnings vs Peers: CMBTO is expensive based on its Price-To-Earnings Ratio (23x) compared to the peer average (14.5x).

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

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CMBTO 23.0xIndustry Avg. 15.2xNo. of Companies13PE0816243240+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CMBTO is expensive based on its Price-To-Earnings Ratio (23x) compared to the European Oil and Gas industry average (15.5x).

Price to Earnings Ratio vs Fair Ratio

What is CMBTO'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.

CMBTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: CMBTO is expensive based on its Price-To-Earnings Ratio (23x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).

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 CMBTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 123.00
NOK 127.29
+3.48%
1.89%NOK 130.48NOK 124.65n/a3
Feb ’27NOK 125.60
NOK 127.51
+1.52%
6.13%NOK 135.78NOK 117.02n/a3
Jan ’27NOK 98.20
NOK 125.05
+27.34%
5.52%NOK 131.96NOK 118.14n/a2
Dec ’26NOK 109.60
NOK 124.23
+13.35%
4.76%NOK 130.15NOK 118.32n/a2
Nov ’26NOK 95.00
NOK 123.14
+29.62%
4.77%NOK 129.01NOK 117.28n/a2
Oct ’26NOK 92.50
NOK 121.02
+30.84%
5.01%NOK 127.08NOK 114.97n/a2
Aug ’26n/a
NOK 156.17
0%
18.70%NOK 185.37NOK 126.97n/a2
Jul ’26n/a
NOK 156.17
0%
18.70%NOK 185.37NOK 126.97n/a2
Jun ’26n/a
NOK 156.17
0%
18.70%NOK 185.37NOK 126.97n/a2
May ’26n/a
NOK 161.66
0%
18.58%NOK 191.70NOK 131.63n/a2
Apr ’26n/a
NOK 146.31
0%
29.58%NOK 191.42NOK 79.89n/a4
Mar ’26n/a
NOK 161.76
0%
21.79%NOK 205.09NOK 112.63n/a4
Feb ’26n/a
NOK 186.94
0%
11.13%NOK 212.50NOK 156.03NOK 125.604
Jan ’26n/a
NOK 186.94
0%
11.13%NOK 212.50NOK 156.03NOK 98.204
Dec ’25n/a
NOK 186.94
0%
11.13%NOK 212.50NOK 156.03NOK 109.604
Nov ’25n/a
NOK 196.08
0%
6.68%NOK 211.12NOK 179.21NOK 95.003
Oct ’25n/a
NOK 189.45
0%
6.37%NOK 206.47NOK 176.68NOK 92.504
Sep ’25n/a
NOK 193.33
0%
5.37%NOK 206.55NOK 177.46NOK 85.504
Aug ’25n/a
NOK 185.57
0%
8.55%NOK 207.80NOK 171.78n/a3
Jul ’25n/a
NOK 175.08
0%
5.31%NOK 187.89NOK 166.09n/a3
Jun ’25n/a
NOK 175.08
0%
5.31%NOK 187.89NOK 166.09n/a3
May ’25n/a
NOK 198.05
0%
9.40%NOK 225.55NOK 173.06n/a4
Apr ’25n/a
NOK 203.52
0%
11.39%NOK 236.12NOK 170.98n/a5
Mar ’25n/a
NOK 196.23
0%
8.38%NOK 229.05NOK 186.44n/a5
Feb ’25n/a
NOK 186.21
0%
0.61%NOK 187.96NOK 184.84n/a5
NOK 123.84
Fair Value
0.7% undervalued intrinsic discount
3
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/17 11:12
End of Day Share Price 2026/02/17 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

Cmb.Tech NV is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David VagmanBNP Paribas
Lars KalbakkenCarnegie Investment Bank AB
Christian WetherbeeCitigroup Inc