OKEA ASA

OM:OKEAO Stock Report

Market Cap: NOK 3.5b

OKEA Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of OKEAO 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: OKEAO (NOK33.3) is trading below our estimate of future cash flow value (NOK51.4)

Significantly Below Future Cash Flow Value: OKEAO 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 OKEAO?

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

The above table shows the Price to Sales ratio for OKEAO. This is calculated by dividing OKEAO's market cap by their current revenue.
What is OKEAO's PS Ratio?
PS Ratio0.5x
SalesUS$781.07m
Market CapUS$357.42m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for OKEAO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.5x
CDEV Cohen Development Gas & Oil
14.1xn/a₪1.1b
FTW Presidio Production
1.9x7.25%US$347.6m
TAL PetroTal
1.4x10.54%CA$469.4m
VJGZ Varyoganneftegaz
0.5xn/a₽23.4b
OKEAO OKEA
0.5x5.21%NOK 3.5b

Price-To-Sales vs Peers: OKEAO is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (5.7x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

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

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
OKEAO 0.5xIndustry Avg. 1.9xNo. of Companies29PS01.22.43.64.86+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: OKEAO is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Oil and Gas industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is OKEAO'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.

OKEAO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate OKEAO's Price-To-Sales Fair Ratio for valuation analysis.

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 OKEAO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 33.30
NOK 47.40
+42.34%
9.21%NOK 52.00NOK 40.00n/a5
Jun ’27NOK 38.10
NOK 47.40
+24.41%
9.21%NOK 52.00NOK 40.00n/a5
May ’27NOK 40.25
NOK 47.40
+17.76%
9.21%NOK 52.00NOK 40.00n/a5
Apr ’27NOK 39.85
NOK 41.25
+3.51%
17.93%NOK 50.00NOK 30.00n/a4
Mar ’27NOK 28.95
NOK 28.25
-2.42%
14.89%NOK 31.00NOK 21.00n/a4
Feb ’27NOK 23.45
NOK 26.00
+10.87%
13.04%NOK 30.00NOK 21.00n/a4
Jan ’27NOK 22.20
NOK 24.00
+8.11%
13.18%NOK 28.00NOK 20.00n/a4
Dec ’26NOK 19.70
NOK 24.00
+21.83%
13.18%NOK 28.00NOK 20.00n/a4
Nov ’26NOK 17.74
NOK 22.75
+28.24%
12.58%NOK 27.00NOK 19.00n/a4
Oct ’26NOK 18.90
NOK 24.00
+26.98%
25.52%NOK 34.00NOK 19.00n/a4
Sep ’26NOK 19.12
NOK 24.00
+25.52%
25.52%NOK 34.00NOK 19.00n/a4
Aug ’26NOK 17.28
NOK 23.75
+37.44%
26.69%NOK 34.00NOK 18.00n/a4
Jul ’26NOK 16.58
NOK 31.00
+86.97%
41.86%NOK 55.00NOK 19.00n/a5
Jun ’26NOK 16.84
NOK 31.60
+87.65%
39.45%NOK 55.00NOK 22.00NOK 38.105
May ’26NOK 16.80
NOK 31.00
+84.52%
42.16%NOK 55.00NOK 18.00NOK 40.255
Apr ’26NOK 18.64
NOK 33.20
+78.11%
38.87%NOK 55.00NOK 22.00NOK 39.855
Mar ’26NOK 17.95
NOK 32.60
+81.62%
41.18%NOK 55.00NOK 20.00NOK 28.955
Feb ’26NOK 19.93
NOK 32.60
+63.57%
41.18%NOK 55.00NOK 20.00NOK 23.455
Jan ’26NOK 20.64
NOK 35.00
+69.57%
33.66%NOK 55.00NOK 22.00NOK 22.205
Dec ’25NOK 20.56
NOK 35.60
+73.15%
31.36%NOK 55.00NOK 25.00NOK 19.705
Nov ’25NOK 23.00
NOK 35.60
+54.78%
31.36%NOK 55.00NOK 25.00NOK 17.745
Oct ’25NOK 22.30
NOK 36.00
+61.43%
30.88%NOK 55.00NOK 25.00NOK 18.905
Sep ’25NOK 21.90
NOK 35.00
+59.82%
34.24%NOK 55.00NOK 23.00NOK 19.125
Aug ’25NOK 24.10
NOK 35.00
+45.23%
34.24%NOK 55.00NOK 23.00NOK 17.285
Jul ’25NOK 24.60
NOK 37.00
+50.41%
30.53%NOK 55.00NOK 25.00NOK 16.585
Jun ’25NOK 25.46
NOK 37.40
+46.90%
29.12%NOK 55.00NOK 27.00NOK 16.845
NOK 47.9
Fair Value
30.5% undervalued intrinsic discount
5
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/22 06:01
End of Day Share Price 2026/06/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

OKEA ASA is covered by 5 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
null nullABG Sundal Collier
Vidar LyngværDanske Bank
Steffen EvjenDNB Carnegie