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Arctic Bioscience AS (ABS) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Arctic Bioscience AS stock NOK 2.69, price NOK 2.50, upside +7.6%, quality 32 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Healthcare NO

AB Arctic Bioscience AS logo Thin data Nov 10, 2026

Arctic Bioscience AS

ABS · OL
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Revenue last quarter +34% vs. a year ago.
Fair value kr 2.69 · Fairly valued
Expensive Growth (revenue 5y +14.4 %/yr in NOK)
Mixed vs. peers (5/9)
Quality 32/100
Loss-making · -81.9% net margin (TTM)
Negative free cash flow
Narrow moat 10/100 · thin data
Thin data
Estimate
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Price vs Fair Value

kr 20.30 kr 1.65 Fair Value kr 2.69 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 1.65 – kr 20.30 · fair‑value band kr 2.02 – kr 3.36 · the kr 2.50 price screens below the kr 2.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Arctic Bioscience AS, a clinical-stage biotechnology company, engages in developing and commercializing pharmaceutical and nutraceutical ingredients based on bioactive marine compounds in Norway, the United States, Europe, and Asia Pacific.

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The company is developing HRO350, a novel oral drug which is in phase IIb for the treatment of mild-to-moderate psoriasis; and the HeROPA study, an international phase IIb clinical trial. It also sells nutraceuticals as an intermediary and finished goods products under the ROMEGA brand name.

Arctic Bioscience AS was incorporated in 2011 and is headquartered in Ørsta, Norway.

Stock analysis

Arctic Bioscience AS (ABS) currently trades at kr 2.50, while our estimate is kr 2.69, so the stock looks roughly fairly valued today (gap 7.1%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 2.02 (bear) to kr 3.36 (bull), the price of kr 2.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 32/100 (below-average quality), in the Healthcare sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Arctic Bioscience AS reported revenue of 40.1M NOK in FY2025 versus 21.5M NOK in FY2021, a compound +16.8%/yr. Reported net income was −41.0M NOK in FY2025.

Key figures

Market cap 67.4M NOK (≈ $7.2M) Micro · P/S ratio 1.32 · EPS (TTM) kr −1.58 · Net margin −81.9% · Return on equity −22.9% · Return on assets (EBIT) −8.9% (5-year average) · Operating margin −57.4% · Revenue (TTM) 49.0M NOK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 36% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −6% fair-value upside, at 8%, ABS screens cheaper than that median.

Fair Value

Bear kr 2.02 Fair Value kr 2.69 Bull kr 3.36
Price kr 2.50 · Upside +7.6%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 54
Are margins and returns getting better?
Cashflow 1
Do the profits arrive as real cash?
Financial strength 58
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 27
How calm the share price moves, does not count
Price momentum 15
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 12
Distance to the 52-week high, does not count
New shares 34
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.4%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−105.7% (2020) → −83.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Biotechnology · 847 stocks

Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 32 · Below median
Fair Value upside +7.6% · Top 25%
Profitability
Return on assets −14.4% · Above median
Net margin (12 months) −81.9% · Bottom 25%
Operating margin (12 months) −57.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 33.9% · Top 25%
Balance sheet
Debt / equity 0.16× · Above median

Valuation Multiplesvs Biotechnology median · lower = cheaper

P/B 0.39× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 1.38× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)43 · sector 0
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)92 · sector 96
DIVIDEND (yield)0 · sector 20

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Regeneron Pharmaceuticals, Inc REGN $919.96 $1,275 +39% vs ABS
Samsung Biologics Co 207940 1,468,000 KRW 1,661,000 KRW +13% vs ABS
Vertex Pharmaceuticals Incorporated VRTX $550.87 $601.80 +9% vs ABS
Genmab A/S GMAB kr 3,581 kr 3,880 +8% vs ABS
argenx SE ARGX $962.27 $908.40 −6% vs ABS
CSL Limited CSL A$200.73 A$181.40 −10% vs ABS
BeOne Medicines AG 6160 HK$252.20 HK$152.80 −39% vs ABS
Moderna, Inc MRNA $269.00 $158.70 −41% vs ABS
Celltrion, Inc 068270 203,000 KRW 74,945 KRW −63% vs ABS
Royalty Pharma plc RPRX $68.77 $19.01 −72% vs ABS

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Arctic Bioscience AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Arctic Bioscience AS Fair Value". https://www.fairvalue-calculator.com/stock/ABS.OL

Frequently asked questions

Is Arctic Bioscience AS (ABS) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 2.69 versus a price of kr 2.50, about +8% upside (fairly valued).
What is the fair value of ABS?
Our estimate for Arctic Bioscience AS is kr 2.69 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 2.50.
What is the quality score of ABS?
Arctic Bioscience AS has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Arctic Bioscience AS (ABS)?
Our calculated price target is the estimate of kr 2.69 (as of Nov 10, 2026). Cautious scenario kr 2.02, optimistic scenario kr 3.36. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Arctic Bioscience AS stock forecast for 2026?
Our estimate puts fair value at kr 2.69, about +8% upside versus a price of kr 2.50 (fairly valued). Cautious scenario kr 2.02, optimistic scenario kr 3.36. The calculation is refreshed regularly with new filings.
What is the revenue of Arctic Bioscience AS (ABS)?
Arctic Bioscience AS reported trailing-twelve-month revenue of about 49.0M NOK (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Arctic Bioscience AS (ABS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Arctic Bioscience AS it is kr 2.69 per share (as of Nov 10, 2026), against a price of kr 2.50.
Is Arctic Bioscience AS stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ABS trades below its calculated fair value: price kr 2.50, fair value kr 2.69, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ABS?
No. The price is what the market pays today (kr 2.50); the fair value is what the company's own numbers justify (kr 2.69). For Arctic Bioscience AS the two are kr 0.1900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Arctic Bioscience AS worth?
The market values Arctic Bioscience AS at about 67.4M NOK (market capitalisation, as of Nov 10, 2026). Per share that is kr 2.50; our models calculate a fair value of kr 2.69 per share.
What do the bullish and bearish scenarios say about ABS?
Our models span a range for Arctic Bioscience AS: cautious scenario kr 2.02, base kr 2.69, optimistic kr 3.36 per share (as of Nov 10, 2026, price kr 2.50). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Arctic Bioscience AS (ABS)?
Balance-sheet figures for Arctic Bioscience AS (as of Nov 10, 2026): return on equity −22.9%, debt of 0.16 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is ABS from its 52-week high?
Arctic Bioscience AS trades at kr 2.50, about 36% below its 52-week high of kr 3.88 and 19% above the low of kr 2.10 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.69 is for.
Which stocks are comparable to Arctic Bioscience AS?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Moderna, Inc, Regeneron Pharmaceuticals, Inc, CSL Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Arctic Bioscience AS stock attractive at the current price?
The data as of Nov 10, 2026: price kr 2.50, calculated fair value kr 2.69 (+8%), Quality Score 32/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Arctic Bioscience AS currently trades 7% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Arctic Bioscience AS (ABS)?
The closing price on Nov 10, 2026 was kr 2.50. Our estimate is kr 2.69, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Arctic Bioscience AS right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Arctic Bioscience AS

How large is the market capitalisation of Arctic Bioscience AS (ABS)?
The market capitalisation of Arctic Bioscience AS is 67.4M NOK (≈ $7.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Arctic Bioscience AS (ABS)?
The price-to-sales ratio of Arctic Bioscience AS is 1.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Arctic Bioscience AS (ABS)?
Earnings per share at Arctic Bioscience AS are kr −1.58. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Arctic Bioscience AS (ABS)?
The net margin of Arctic Bioscience AS is −81.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Arctic Bioscience AS (ABS)?
The return on equity (ROE) of Arctic Bioscience AS is −22.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Arctic Bioscience AS (ABS)?
On an EBIT basis the return on assets of Arctic Bioscience AS is −8.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Arctic Bioscience AS (ABS)?
The operating margin of Arctic Bioscience AS is −57.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Arctic Bioscience AS (ABS)?
Revenue at Arctic Bioscience AS is growing +33.9% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Arctic Bioscience AS (ABS) generate?
The free cash flow of Arctic Bioscience AS is −45.4M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Arctic Bioscience AS (ABS) carry?
The net debt of Arctic Bioscience AS is 63.1M NOK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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