Volue ASA

OB:VOLUE Stock Report

Market Cap: NOK 6.0b

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Volue Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: VOLUE (NOK41.7) is trading below our estimate of fair value (NOK83.51)

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

Key Valuation Metric

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

Key metric: As VOLUE is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VOLUE. This is calculated by dividing VOLUE's market cap by their current revenue.
What is VOLUE's PS Ratio?
PS Ratio3.8x
SalesNOK 1.56b
Market CapNOK 5.99b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for VOLUE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.9x
LINK LINK Mobility Group Holding
1x11.2%NOK 6.7b
SMCRT SmartCraft
10x16.2%NOK 4.8b
PEXIP Pexip Holding
4.1x11.8%NOK 4.4b
ELABS Elliptic Laboratories
12.4x65.7%NOK 1.1b
VOLUE Volue
3.8x16.2%NOK 6.0b

Price-To-Sales vs Peers: VOLUE is good value based on its Price-To-Sales Ratio (3.8x) compared to the peer average (6.9x).

Price to Sales Ratio vs Industry

How does VOLUE's PS Ratio compare vs other companies in the NO Software Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
QUEST Questback Group
0.3xn/aUS$4.30m
No more companies available in this PS range
VOLUE 3.8xIndustry Avg. 2.0xNo. of Companies2PS01.63.24.86.48+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VOLUE is expensive based on its Price-To-Sales Ratio (3.8x) compared to the European Software industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is VOLUE'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.

VOLUE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.8x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: VOLUE is expensive based on its Price-To-Sales Ratio (3.8x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

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 VOLUE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 41.15
0%
2.8%NOK 42.30NOK 40.00n/a2
Nov ’25NOK 41.70
NOK 41.15
-1.3%
2.8%NOK 42.30NOK 40.00n/a2
Oct ’25NOK 41.65
NOK 41.15
-1.2%
2.8%NOK 42.30NOK 40.00n/a2
Sep ’25NOK 41.40
NOK 41.15
-0.6%
2.8%NOK 42.30NOK 40.00n/a2
Aug ’25NOK 40.95
NOK 41.20
+0.6%
2.9%NOK 42.40NOK 40.00n/a2
Jul ’25NOK 30.10
NOK 45.00
+49.5%
11.1%NOK 50.00NOK 40.00n/a2
Jun ’25NOK 33.60
NOK 45.00
+33.9%
11.1%NOK 50.00NOK 40.00n/a2
May ’25NOK 28.75
NOK 44.00
+53.0%
13.6%NOK 50.00NOK 38.00n/a2
Nov ’24NOK 18.80
NOK 28.50
+51.6%
5.3%NOK 30.00NOK 27.00NOK 41.702
Oct ’24NOK 21.75
NOK 31.00
+42.5%
12.9%NOK 35.00NOK 27.00NOK 41.652
Sep ’24NOK 23.05
NOK 31.00
+34.5%
12.9%NOK 35.00NOK 27.00NOK 41.402
Aug ’24NOK 21.50
NOK 29.00
+34.9%
20.7%NOK 35.00NOK 23.00NOK 40.952
Jul ’24NOK 18.06
NOK 29.00
+60.6%
20.7%NOK 35.00NOK 23.00NOK 30.102
Jun ’24NOK 17.18
NOK 29.00
+68.8%
20.7%NOK 35.00NOK 23.00NOK 33.602
Feb ’24NOK 30.55
NOK 42.50
+39.1%
5.9%NOK 45.00NOK 40.00NOK 22.052
Jan ’24NOK 28.15
NOK 42.50
+51.0%
5.9%NOK 45.00NOK 40.00NOK 21.252
Dec ’23NOK 32.30
NOK 42.50
+31.6%
5.9%NOK 45.00NOK 40.00NOK 19.042
Nov ’23NOK 28.35
NOK 47.50
+67.5%
5.3%NOK 50.00NOK 45.00NOK 18.802

Analyst Forecast: Target price is lower than the current share price.

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