Aurskog Sparebank (AURG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aurskog Sparebank stock NOK 502, price NOK 264, upside +90.3%, quality 42 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range kr 118.24 – kr 267.95 · fair‑value band kr 463.36 – kr 582.21 · the kr 263.95 price screens below the kr 502.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Aurskog Sparebank provides various banking products and services for individuals and corporate customers in Norway. The company offers business, investment, deposit, agricultural, and client, as well as group accounts systems.
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It also provides green business, bank guarantee, business, and construction loans, as well as factoring, overdraft, and leasing services; green agricultural loans; mortgages; refinancing consumer debt, car, motorcycle, motorhomes, boats and ATVs; and consumer loans.
In addition, it offers payment solutions, such as AgreementGiro, corporate connect, eInvoice, pay with KID, in-store cash services, and payment terminal, as well as business card and credit cards.
Further, it offers agriculture, vehicle, staff and employee's, and business and value insurances; contents, dog, travel, child, valuables, home, car and other vehicles, house and belongings, life and health, and animal insurances; online banking and mobile banking; and pension and savings products.
Aurskog Sparebank was founded in 1846 and is headquartered in Aurskog, Norway.
Stock analysis
Aurskog Sparebank (AURG) currently trades at kr 263.95, while our model-based Fair Value estimate is kr 502.42, implying the stock looks roughly 47% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 751.97 per share, and 4 of the 6 models we run sit above the kr 263.95 price.
Bear case: the Dividend Discount group reads lowest at kr 191.05, and 2 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 463.36 (bear) to kr 582.21 (bull), the price of kr 263.95 sits below 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 42/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Aurskog Sparebank reported revenue of 524M NOK in FY2025 versus 374M NOK in FY2021, a compound +8.8%/yr. Reported net income was 260M NOK in FY2025, compounding +19.5%/yr from FY2021.
Key figures
Market cap 1.2B NOK (≈ $129M) Micro · P/E ratio 14.3 · P/S ratio 7.08 · EPS (TTM) kr 18.50 · Dividend yield 6.4% · Net margin 49.6% · Return on equity 10.5% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 90%, AURG screens cheaper than that median.
Fair Value models
Bearkr 463.36Fair Value kr 502.42Bullkr 582.21
Price kr 263.95 · Upside +90.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 1.29 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−55.4%
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.
−2.3%
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.
+6.8%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 22 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.
+4.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)6.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.7% vs 6.6%, picking up
Profit margin 2019 to 2024 ⓘ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.36% → 26%
Price, fair value, quality and upside side by side.
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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.Banks - Regional · 996 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+90.3% · Top 25%
Profitability
Return on equity (12 months)10.5% · Below median
Return on assets1.2% · Above median
Net margin (12 months)49.6% · Top 25%
Operating margin (12 months)68.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)2.6% · Below median
Dividend yield (12 months)6.4% · Top 25%
Balance sheet
Debt / equity2.43× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)14.3× · Priciest 25%
P/B0.48× · Cheapest 25%
P/S (12 months)2.33× · Cheapest 25%
EV/EBITDA23.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 8
FUTURE (revenue growth)13· sector 47
PAST (return on equity)42· sector 43
HEALTH (low debt)–
DIVIDEND (yield)100· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Aurskog Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/AURG
Frequently asked questions
Is Aurskog Sparebank (AURG) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 502.42 versus a price of kr 263.95, about +90% upside (undervalued).
What is the fair value of AURG?
Our model-based fair value for Aurskog Sparebank is kr 502.42 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 263.95.
What is the quality score of AURG?
Aurskog Sparebank has a Quality Score of 42/100. 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 Aurskog Sparebank (AURG)?
Our model-based price target is the fair value of kr 502.42 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario kr 463.36, optimistic scenario kr 582.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Aurskog Sparebank stock forecast for 2026?
Our models put fair value at kr 502.42, about +90% upside versus a price of kr 263.95 (undervalued). Cautious scenario kr 463.36, optimistic scenario kr 582.21. The calculation is refreshed regularly with new filings.
What is the revenue of Aurskog Sparebank (AURG)?
Aurskog Sparebank reported trailing-twelve-month revenue of about 523M NOK (latest available figure, as of Nov 8, 2026).
Does Aurskog Sparebank pay a dividend?
Aurskog Sparebank currently shows a dividend yield of 6.44% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Aurskog Sparebank (AURG) and when is the ex-dividend date?
Aurskog Sparebank pays a dividend of kr 17.00 per share a year, a dividend yield of 6.4%. The last ex-dividend date was Mar 26, 2026. A dividend has been paid every year since at least 1999. The payout ratio is 91.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Aurskog Sparebank (AURG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aurskog Sparebank it is kr 502.42 per share (as of Nov 8, 2026), against a price of kr 263.95. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Aurskog Sparebank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AURG trades below its calculated fair value: price kr 263.95, fair value kr 502.42, a gap of about +90% (undervalued). 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 AURG?
No. The price is what the market pays today (kr 263.95); the fair value is what the company's own numbers justify (kr 502.42). For Aurskog Sparebank the two are kr 238.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aurskog Sparebank worth?
The market values Aurskog Sparebank at about 1.2B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 263.95; our models calculate a fair value of kr 502.42 per share.
What do the bullish and bearish scenarios say about AURG?
Our models span a range for Aurskog Sparebank: cautious scenario kr 463.36, base kr 502.42, optimistic kr 582.21 per share (as of Nov 8, 2026, price kr 263.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AURG?
Aurskog Sparebank trades at a price-to-earnings ratio of 14.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 502.42 is built from several models across several years. Other multiples: P/B 0.5, P/S 2.3, EV/EBITDA 23.5.
How solid is the balance sheet of Aurskog Sparebank (AURG)?
Balance-sheet figures for Aurskog Sparebank (as of Nov 8, 2026): return on equity 10.5%, debt of 2.43 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is AURG from its 52-week high?
Aurskog Sparebank trades at kr 263.95, about 1% below its 52-week high of kr 267.95 and 16% above the low of kr 228.29 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 502.42 is for.
Which stocks are comparable to Aurskog Sparebank?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Aurskog Sparebank stock attractive at the current price?
The data as of Nov 8, 2026: price kr 263.95, calculated fair value kr 502.42 (+90%), Quality Score 42/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AURG calculated?
We run Aurskog Sparebank through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 502.42 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Aurskog Sparebank currently trades 47% 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 Aurskog Sparebank (AURG)?
The closing price on Nov 6, 2026 was kr 263.95. Our model-based fair value is kr 502.42, about +90% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aurskog Sparebank right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 463.36). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Aurskog Sparebank (AURG) come from?
Earnings per share at Aurskog Sparebank grew +5.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.9 %, EBIT margin +3.3 %, tax rate +0.2 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Aurskog Sparebank
How large is the market capitalisation of Aurskog Sparebank (AURG)?
The market capitalisation of Aurskog Sparebank is 1.2B NOK (≈ $129M). 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 Aurskog Sparebank (AURG)?
The price-to-sales ratio of Aurskog Sparebank is 7.08 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aurskog Sparebank (AURG)?
Earnings per share at Aurskog Sparebank are kr 18.50 (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aurskog Sparebank (AURG)?
The dividend yield of Aurskog Sparebank is 6.4% (payout 91.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Aurskog Sparebank (AURG)?
The net margin of Aurskog Sparebank is 49.6% (fiscal year 2025). 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 Aurskog Sparebank (AURG)?
The return on equity (ROE) of Aurskog Sparebank is 10.5% (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 Aurskog Sparebank (AURG)?
On an EBIT basis the return on assets of Aurskog Sparebank is 1.4% (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 Aurskog Sparebank (AURG)?
The operating margin of Aurskog Sparebank is 68.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aurskog Sparebank (AURG)?
Revenue at Aurskog Sparebank is growing +2.6% versus a year earlier (3y avg −2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Aurskog Sparebank (AURG)?
Earnings per share at Aurskog Sparebank are growing −3.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aurskog Sparebank (AURG) generate?
The free cash flow of Aurskog Sparebank is −525M 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 Aurskog Sparebank (AURG) carry?
The net debt of Aurskog Sparebank is 6.2B 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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Broad data
Nov 8, 2026