Crayon Group Holding ASA

OB:CRAYN Stock Report

Market Cap: NOK 10.0b

Crayon Group Holding Valuation

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

Below Fair Value: CRAYN (NOK113.1) is trading below our estimate of fair value (NOK282.96)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CRAYN. This is calculated by dividing CRAYN's market cap by their current earnings.
What is CRAYN's PE Ratio?
PE Ratio72.4x
EarningsNOK 138.00m
Market CapNOK 9.97b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CRAYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
LINK LINK Mobility Group Holding
16.8x-3.7%NOK 6.5b
SMCRT SmartCraft
46.3x26.0%NOK 4.7b
BOUV Bouvet
19.9x7.7%NOK 7.5b
ATEA Atea
18.9x19.8%NOK 14.4b
CRAYN Crayon Group Holding
72.4x60.0%NOK 10.0b

Price-To-Earnings vs Peers: CRAYN is expensive based on its Price-To-Earnings Ratio (72.4x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does CRAYN's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CRAYN 72.4xIndustry Avg. 28.8xNo. of Companies17PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRAYN is expensive based on its Price-To-Earnings Ratio (72.4x) compared to the European Software industry average (28.8x).

Price to Earnings Ratio vs Fair Ratio

What is CRAYN'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.

CRAYN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio72.4x
Fair PE Ratio38.3x

Price-To-Earnings vs Fair Ratio: CRAYN is expensive based on its Price-To-Earnings Ratio (72.4x) compared to the estimated Fair Price-To-Earnings Ratio (38.3x).

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 CRAYN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 113.10
NOK 149.00
+31.7%
21.3%NOK 190.00NOK 90.00n/a6
Nov ’25NOK 105.10
NOK 146.83
+39.7%
20.3%NOK 179.00NOK 90.00n/a6
Oct ’25NOK 121.50
NOK 146.83
+20.9%
20.3%NOK 179.00NOK 90.00n/a6
Sep ’25NOK 127.90
NOK 146.00
+14.2%
19.8%NOK 174.00NOK 90.00n/a6
Aug ’25NOK 130.10
NOK 132.50
+1.8%
25.6%NOK 174.00NOK 75.00n/a6
Jul ’25NOK 123.50
NOK 126.67
+2.6%
22.5%NOK 150.00NOK 75.00n/a6
Jun ’25NOK 112.60
NOK 124.33
+10.4%
21.8%NOK 150.00NOK 75.00n/a6
May ’25NOK 82.55
NOK 116.67
+41.3%
23.6%NOK 150.00NOK 75.00n/a6
Apr ’25NOK 79.90
NOK 116.67
+46.0%
23.6%NOK 150.00NOK 75.00n/a6
Mar ’25NOK 75.45
NOK 113.83
+50.9%
23.1%NOK 150.00NOK 75.00n/a6
Feb ’25NOK 87.30
NOK 111.83
+28.1%
25.7%NOK 150.00NOK 73.00n/a6
Jan ’25NOK 84.70
NOK 107.17
+26.5%
27.7%NOK 150.00NOK 73.00n/a6
Dec ’24NOK 83.70
NOK 107.17
+28.0%
27.7%NOK 150.00NOK 73.00n/a6
Nov ’24NOK 63.90
NOK 116.50
+82.3%
25.2%NOK 150.00NOK 75.00NOK 105.106
Oct ’24NOK 66.30
NOK 123.83
+86.8%
19.7%NOK 150.00NOK 75.00NOK 121.506
Sep ’24NOK 84.20
NOK 129.17
+53.4%
13.0%NOK 150.00NOK 100.00NOK 127.906
Aug ’24NOK 108.00
NOK 139.17
+28.9%
16.8%NOK 175.00NOK 100.00NOK 130.106
Jul ’24NOK 105.00
NOK 140.33
+33.7%
16.7%NOK 175.00NOK 100.00NOK 123.506
Jun ’24NOK 115.00
NOK 136.83
+19.0%
18.8%NOK 175.00NOK 99.00NOK 112.606
May ’24NOK 82.15
NOK 135.00
+64.3%
18.6%NOK 175.00NOK 99.00NOK 82.556
Apr ’24NOK 85.70
NOK 135.00
+57.5%
18.6%NOK 175.00NOK 99.00NOK 79.906
Mar ’24NOK 95.00
NOK 133.67
+40.7%
18.9%NOK 175.00NOK 99.00NOK 75.456
Feb ’24NOK 98.40
NOK 142.17
+44.5%
18.2%NOK 175.00NOK 92.00NOK 87.306
Jan ’24NOK 100.10
NOK 152.20
+52.0%
9.3%NOK 175.00NOK 136.00NOK 84.705
Dec ’23NOK 105.20
NOK 152.20
+44.7%
9.3%NOK 175.00NOK 136.00NOK 83.705
Nov ’23NOK 87.35
NOK 152.20
+74.2%
9.3%NOK 175.00NOK 136.00NOK 63.905

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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