Okeanis Eco Tankers Corp.

OB:OET Stock Report

Market Cap: NOK 8.7b

Okeanis Eco Tankers Valuation

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

Below Fair Value: OET (NOK270) is trading below our estimate of fair value (NOK634.51)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OET. This is calculated by dividing OET's market cap by their current earnings.
What is OET's PE Ratio?
PE Ratio6.7x
EarningsUS$116.93m
Market CapUS$785.73m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.7x
AGAS Avance Gas Holding
2.5x-81.6%NOK 8.4b
BWEK BW Epic Kosan
11.1x1.3%NOK 3.9b
CLCO Cool
4.6x-13.2%NOK 6.3b
BWLPG BWG
4.4x-26.6%NOK 23.1b
OET Okeanis Eco Tankers
6.7x10.3%NOK 8.7b

Price-To-Earnings vs Peers: OET is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (5.7x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OET 6.7xIndustry Avg. 8.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OET is good value based on its Price-To-Earnings Ratio (6.7x) compared to the European Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is OET'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.

OET PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: OET is good value based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).

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 OET forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 270.00
NOK 398.90
+47.7%
12.5%NOK 476.81NOK 352.56n/a4
Nov ’25NOK 294.50
NOK 423.07
+43.7%
9.5%NOK 475.50NOK 364.12n/a4
Oct ’25NOK 346.50
NOK 413.23
+19.3%
9.2%NOK 457.21NOK 357.30n/a4
Sep ’25NOK 332.00
NOK 416.07
+25.3%
7.6%NOK 447.99NOK 373.17n/a4
Aug ’25NOK 348.00
NOK 435.98
+25.3%
7.0%NOK 468.96NOK 389.42n/a4
Jul ’25NOK 331.00
NOK 420.80
+27.1%
7.1%NOK 449.97NOK 375.47n/a4
Jun ’25NOK 372.00
NOK 407.68
+9.6%
7.9%NOK 449.98NOK 372.99n/a4
May ’25NOK 345.00
NOK 412.00
+19.4%
5.8%NOK 452.50NOK 391.68n/a4
Apr ’25NOK 320.50
NOK 393.11
+22.7%
8.5%NOK 447.67NOK 359.47n/a4
Mar ’25NOK 306.00
NOK 379.38
+24.0%
9.9%NOK 441.92NOK 349.65n/a4
Feb ’25NOK 314.00
NOK 368.29
+17.3%
10.8%NOK 436.53NOK 339.13n/a4
Jan ’25NOK 269.50
NOK 351.82
+30.5%
11.5%NOK 418.96NOK 310.56n/a4
Dec ’24NOK 269.50
NOK 358.04
+32.9%
12.5%NOK 428.89NOK 305.35n/a4
Nov ’24NOK 324.50
NOK 318.98
-1.7%
0.1%NOK 319.35NOK 318.61NOK 294.502
Sep ’24NOK 243.00
NOK 329.42
+35.6%
3.5%NOK 341.07NOK 317.76NOK 332.002
Aug ’24NOK 243.00
NOK 303.52
+24.9%
1.3%NOK 307.58NOK 299.47NOK 348.002
Jul ’24NOK 231.00
NOK 315.93
+36.8%
2.2%NOK 322.77NOK 309.09NOK 331.002
Jun ’24NOK 232.00
NOK 325.10
+40.1%
3.1%NOK 335.04NOK 315.15NOK 372.002
May ’24NOK 248.00
NOK 309.62
+24.8%
5.6%NOK 326.91NOK 292.33NOK 345.002
Apr ’24NOK 257.50
NOK 302.13
+17.3%
5.8%NOK 319.60NOK 284.66NOK 320.502
Mar ’24NOK 263.00
NOK 303.80
+15.5%
4.4%NOK 317.09NOK 290.51NOK 306.002
Feb ’24NOK 182.60
NOK 230.65
+26.3%
11.8%NOK 257.88NOK 203.42NOK 314.002
Jan ’24NOK 170.20
NOK 223.69
+31.4%
8.2%NOK 241.98NOK 205.39NOK 269.502
Dec ’23NOK 182.60
NOK 219.36
+20.1%
10.6%NOK 242.57NOK 196.15NOK 269.502
Nov ’23NOK 173.80
NOK 195.24
+12.3%
4.8%NOK 204.71NOK 185.78NOK 324.502

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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