Entra Valuation

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

Below Fair Value: ENTRA (NOK115) is trading above our estimate of fair value (NOK47.7)

Significantly Below Fair Value: ENTRA is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As ENTRA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ENTRA. This is calculated by dividing ENTRA's market cap by their current revenue.
What is ENTRA's PS Ratio?
PS Ratio	6.1x
Sales	NOK 3.43b
Market Cap	NOK 20.95b

ENTRA 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.
Key Statistics
Enterprise Value/Revenue	15.8x
Enterprise Value/EBITDA	18.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ENTRA's PS Ratio compare to its peers?

The above table shows the PS ratio for ENTRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	7.3x
OLT Olav Thon Eiendomsselskap	4.6x	1.9%	NOK 22.5b
EISP Eiendomsspar	12.3x	n/a	NOK 14.3b
VIEI Victoria Eiendom	6.8x	n/a	NOK 9.3b
PUBLI Public Property Invest	5.6x	3.9%	NOK 3.5b
ENTRA Entra	6.1x	-1.5%	NOK 20.9b

Price-To-Sales vs Peers: ENTRA is good value based on its Price-To-Sales Ratio (6.1x) compared to the peer average (7.3x).

Price to Sales Ratio vs Industry

How does ENTRA's PS Ratio compare vs other companies in the European Real Estate Industry?

64 Companies	Price / Sales	Estimated Growth	Market Cap

64 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ENTRA is expensive based on its Price-To-Sales Ratio (6.1x) compared to the European Real Estate industry average (4.9x).

Price to Sales Ratio vs Fair Ratio

What is ENTRA'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.

ENTRA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.1x
Fair PS Ratio	8x

Price-To-Sales vs Fair Ratio: ENTRA is good value based on its Price-To-Sales Ratio (6.1x) compared to the estimated Fair Price-To-Sales Ratio (8x).

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 ENTRA 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 115.00	NOK 133.83 +16.4%	9.1%	NOK 147.00	NOK 111.00	n/a	6
Nov ’25	NOK 118.00	NOK 133.83 +13.4%	9.1%	NOK 147.00	NOK 111.00	n/a	6
Oct ’25	NOK 139.80	NOK 128.83 -7.8%	11.8%	NOK 140.00	NOK 105.00	n/a	6
Sep ’25	NOK 132.00	NOK 127.50 -3.4%	13.3%	NOK 140.00	NOK 102.00	n/a	6
Aug ’25	NOK 123.40	NOK 127.50 +3.3%	13.3%	NOK 140.00	NOK 102.00	n/a	6
Jul ’25	NOK 113.60	NOK 112.00 -1.4%	13.1%	NOK 130.00	NOK 92.00	n/a	5
Jun ’25	NOK 112.80	NOK 111.20 -1.4%	14.2%	NOK 130.00	NOK 88.00	n/a	5
May ’25	NOK 102.60	NOK 104.50 +1.9%	16.1%	NOK 130.00	NOK 83.00	n/a	4
Apr ’25	NOK 112.20	NOK 107.00 -4.6%	16.3%	NOK 130.00	NOK 83.00	n/a	4
Mar ’25	NOK 106.50	NOK 111.25 +4.5%	11.2%	NOK 130.00	NOK 100.00	n/a	4
Feb ’25	NOK 117.60	NOK 109.50 -6.9%	15.0%	NOK 130.00	NOK 88.00	n/a	4
Jan ’25	NOK 115.40	NOK 98.25 -14.9%	15.2%	NOK 120.00	NOK 78.00	n/a	4
Dec ’24	NOK 104.20	NOK 94.75 -9.1%	21.2%	NOK 120.00	NOK 64.00	n/a	4
Nov ’24	NOK 87.70	NOK 94.75 +8.0%	21.2%	NOK 120.00	NOK 64.00	NOK 118.00	4
Oct ’24	NOK 91.60	NOK 100.00 +9.2%	16.2%	NOK 120.00	NOK 75.00	NOK 139.80	4
Sep ’24	NOK 98.95	NOK 100.00 +1.1%	16.2%	NOK 120.00	NOK 75.00	NOK 132.00	4
Aug ’24	NOK 98.05	NOK 102.50 +4.5%	12.2%	NOK 120.00	NOK 85.00	NOK 123.40	4
Jul ’24	NOK 97.30	NOK 102.25 +5.1%	16.0%	NOK 125.00	NOK 79.00	NOK 113.60	4
Jun ’24	NOK 95.55	NOK 109.33 +14.4%	10.5%	NOK 125.00	NOK 98.00	NOK 112.80	3
May ’24	NOK 108.20	NOK 112.67 +4.1%	14.2%	NOK 135.00	NOK 98.00	NOK 102.60	3
Apr ’24	NOK 101.10	NOK 116.00 +14.7%	13.0%	NOK 135.00	NOK 98.00	NOK 112.20	3
Mar ’24	NOK 116.00	NOK 114.00 -1.7%	11.6%	NOK 135.00	NOK 100.00	NOK 106.50	4
Feb ’24	NOK 119.00	NOK 105.00 -11.8%	14.3%	NOK 130.00	NOK 90.00	NOK 117.60	4
Jan ’24	NOK 105.80	NOK 100.25 -5.2%	18.4%	NOK 130.00	NOK 81.00	NOK 115.40	4
Dec ’23	NOK 103.40	NOK 99.25 -4.0%	19.7%	NOK 130.00	NOK 77.00	NOK 104.20	4
Nov ’23	NOK 99.90	NOK 98.00 -1.9%	21.5%	NOK 130.00	NOK 72.00	NOK 87.70	4

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