Bouvet (BOUV) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bouvet stock NOK 78.51, price NOK 49.00, upside +60.2%, quality 76 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 42.10 – kr 75.31 · fair‑value band kr 54.95 – kr 116.88 · the kr 49.00 price screens below the kr 78.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Bouvet ASA provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.
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The company also provides spanning from strategy and management to system development, design, insight and analysis, artificial intelligence, data, and architecture.
It serves sectors such as oil, gas and renewables, power supply, public administration and defence, industry, service provision, health, information and communication, transportation, and retail. The company was incorporated in 1995 and is headquartered in Oslo, Norway.
Stock analysis
Bouvet (BOUV) currently trades at kr 49.00, while our model-based Fair Value estimate is kr 78.51, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 88.98 per share, and 19 of the 26 models we run sit above the kr 49.00 price.
Bear case: the Economic Profit group reads lowest at kr 31.02, and 7 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 54.95 (bear) to kr 116.88 (bull), the price of kr 49.00 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 76/100 (high quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bouvet reported revenue of 3.9B NOK in FY2025 versus 2.7B NOK in FY2021, a compound +9.8%/yr. Reported net income was 359M NOK in FY2025, compounding +7.8%/yr from FY2021.
Key figures
Market cap 5.1B NOK (≈ $536M) Small · P/E ratio 15.5 · P/S ratio 1.31 · EPS (TTM) kr 3.16 · Dividend yield 6.1% · Net margin 8.3% · Return on equity 89.0% · Return on assets (EBIT) 26.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 28% fair-value upside, at 60%, BOUV screens cheaper than that median.
Fair Value models
Bearkr 54.95Fair Value kr 78.51Bullkr 116.88
Price kr 49.00 · Upside +60.2%
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 0.1368 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.2%
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.
+8.2%
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.
+10.2%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 17 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.
+12.1%
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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.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.3%
Dividend (yield on the price)6.1%
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.8.3% vs 17.2%, slowing
Profit margin 2020 to 2025 ⓘ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.13% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about −0.2% a year for the price.
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.Information Technology Services · 479 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+60.2% · Top 25%
Profitability
Return on equity (12 months)89.0% · Top 25%
Return on assets20.8% · Top 25%
Net margin (12 months)8.3% · Above median
Operating margin (12 months)9.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)−0.6% · Below median
Dividend yield (12 months)6.1% · Top 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)15.5× · Cheaper than median
P/B11.95× · Priciest 25%
P/S (12 months)1.31× · Pricier than median
Price / free cash flow (fiscal year)15.8× · Pricier than median
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). "Bouvet Fair Value". https://www.fairvalue-calculator.com/stock/BOUV
Frequently asked questions
Is Bouvet (BOUV) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 78.51 versus a price of kr 49.00, about +60% upside (undervalued).
What is the fair value of BOUV?
Our model-based fair value for Bouvet is kr 78.51 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 49.00.
What is the quality score of BOUV?
Bouvet has a Quality Score of 76/100. 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 Bouvet (BOUV)?
Our model-based price target is the fair value of kr 78.51 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario kr 54.95, optimistic scenario kr 116.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Bouvet stock forecast for 2026?
Our models put fair value at kr 78.51, about +60% upside versus a price of kr 49.00 (undervalued). Cautious scenario kr 54.95, optimistic scenario kr 116.88. The calculation is refreshed regularly with new filings.
What is the revenue of Bouvet (BOUV)?
Bouvet reported trailing-twelve-month revenue of about 3.9B NOK (latest available figure, as of Nov 8, 2026).
Does Bouvet pay a dividend?
Bouvet currently shows a dividend yield of 6.12% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Bouvet (BOUV) and when is the ex-dividend date?
Bouvet pays a dividend of kr 3.00 per share a year, a dividend yield of 6.1%. The last ex-dividend date was Nov 6, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 94.9% of earnings. Free cash flow covers the dividend 1.04 times. 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 growth is priced into Bouvet (BOUV)?
For today's price to be fair in a discounted-cash-flow model, Bouvet would have to grow free cash flow by +2.2 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BOUV use?
Our models discount Bouvet at 9.6 %: a base by market capitalisation (small), damped by beta 0.38, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bouvet that is +2.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Bouvet (BOUV) delivered so far?
Over the past 5 years revenue at Bouvet grew +10.3 % a year. The price currently implies free-cash-flow growth of +2.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bouvet (BOUV) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Bouvet (+2.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bouvet (BOUV)?
The free-cash-flow yield on the price is 6.33 %: that much free cash flow Bouvet produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bouvet (BOUV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bouvet it is kr 78.51 per share (as of Nov 8, 2026), against a price of kr 49.00. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Bouvet stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BOUV trades below its calculated fair value: price kr 49.00, fair value kr 78.51, a gap of about +60% (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 BOUV?
No. The price is what the market pays today (kr 49.00); the fair value is what the company's own numbers justify (kr 78.51). For Bouvet the two are kr 29.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bouvet worth?
The market values Bouvet at about 5.1B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 49.00; our models calculate a fair value of kr 78.51 per share.
What do the bullish and bearish scenarios say about BOUV?
Our models span a range for Bouvet: cautious scenario kr 54.95, base kr 78.51, optimistic kr 116.88 per share (as of Nov 8, 2026, price kr 49.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BOUV?
Bouvet trades at a price-to-earnings ratio of 15.5 (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 78.51 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 19.7. Other multiples: P/B 12.0, P/S 1.3, EV/EBITDA 9.8.
How solid is the balance sheet of Bouvet (BOUV)?
Balance-sheet figures for Bouvet (as of Nov 8, 2026): return on equity 89.0%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is BOUV from its 52-week high?
Bouvet trades at kr 49.00, about 19% below its 52-week high of kr 60.25 and 15% above the low of kr 42.55 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 78.51 is for.
Which stocks are comparable to Bouvet?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Bouvet stock attractive at the current price?
The data as of Nov 8, 2026: price kr 49.00, calculated fair value kr 78.51 (+60%), Quality Score 76/100, from 26 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 BOUV calculated?
We run Bouvet through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 78.51 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 13.0% above its aggregate fair value. Bouvet currently trades 38% 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 Bouvet (BOUV)?
The closing price on Nov 6, 2026 was kr 49.00. Our model-based fair value is kr 78.51, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bouvet right now?
The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (kr 54.95). The market is more pessimistic than our downside scenario. A fairly wide model range (kr 54.95 to kr 116.88) leaves room in how you read the outcome.
Where does the earnings growth of Bouvet (BOUV) come from?
Earnings per share at Bouvet grew +17.8 % a year from 2011 to 2022. Broken into its drivers: revenue per share +11.6 %, EBIT margin +4.6 %, tax rate +1.1 %, residual (interest, one-offs) −0.3 %. 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 Bouvet
How large is the market capitalisation of Bouvet (BOUV)?
The market capitalisation of Bouvet is 5.1B NOK (≈ $536M). 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 Bouvet (BOUV)?
The price-to-sales ratio of Bouvet is 1.31 (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 Bouvet (BOUV)?
Earnings per share at Bouvet are kr 3.16 (price ÷ EPS = P/E 15.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bouvet (BOUV)?
The dividend yield of Bouvet is 6.1% (payout 94.9%). 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 Bouvet (BOUV)?
The net margin of Bouvet is 8.3% (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 Bouvet (BOUV)?
The return on equity (ROE) of Bouvet is 89.0% (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 Bouvet (BOUV)?
On an EBIT basis the return on assets of Bouvet is 26.2% (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 Bouvet (BOUV)?
The operating margin of Bouvet is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bouvet (BOUV)?
Revenue at Bouvet is growing −0.6% versus a year earlier (3y avg +8.2%). 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 Bouvet (BOUV)?
Earnings per share at Bouvet are growing −14.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bouvet (BOUV) hold?
Bouvet holds more cash than debt, 265M NOK net (fiscal year 2021). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026