Cloudberry Clean Energy As (CLOUD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cloudberry Clean Energy As stock NOK 4.33, price NOK 13.00, that is 66.7% below the price, quality 32 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 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 8.73 – kr 19.66 · fair‑value band kr 3.79 – kr 5.89 · the kr 13.00 price screens above the kr 4.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Cloudberry Clean Energy ASA operates as a renewable energy company in Norway, Denmark, Switzerland, and Sweden. It operates through Projects, Commercial, and Asset Management segments.
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The company engages in the development, production, and operation of renewable assets, such as hydro, wind, solar, and storage, as well as solar power and energy storage projects. Cloudberry Clean Energy ASA was founded in 2017 and is based in Oslo, Norway.
Stock analysis
Cloudberry Clean Energy As (CLOUD) currently trades at kr 13.00, while our model-based Fair Value estimate is kr 4.33, 67% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 6.41 per share, and 0 of the 11 models we run sit above the kr 13.00 price.
Bear case: the Multiples group reads lowest at kr 2.55, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 3.79 (bear) to kr 5.89 (bull), the price of kr 13.00 sits above 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 Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cloudberry Clean Energy As reported revenue of 512M NOK in FY2025 versus 35.2M NOK in FY2021, a compound +95.4%/yr. Reported net income was 67.0M NOK in FY2025.
Key figures
Market cap 6.0B NOK (≈ $634M) Small · P/E ratio 38.2 · P/S ratio 6.93 · EPS (TTM) kr 0.3400 · Net margin 15.3% · Return on equity 3.2% · Return on assets (EBIT) 0.9% (5-year average) · Operating margin 28.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at −67%, CLOUD screens richer than that median.
Fair Value models
Bearkr 3.79Fair Value kr 4.33Bullkr 5.89
Price kr 13.00 · Downside -66.7%
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 0.2916 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.
Best data coverage
Owner Earningsn/akr 4.13kr 13.8371
Residual Incomekr 6.21kr 6.41kr 6.9368
Growth-Adj P/Ekr 4.46kr 6.36kr 8.2765
All 11 models by family
DCF Models
Owner Earningsn/akr 4.13kr 13.8371
Earnings-Based
Graham-Doddkr 0.9900kr 6.90kr 9.6861
Lynch FVkr 3.56kr 5.09kr 6.6259
PEG = 1.0kr 3.56kr 5.09kr 6.6255
Multiples
P/E Multiplekr 1.96kr 2.62kr 3.2763
P/S Multiplekr 1.86kr 2.47kr 3.0958
P/B Multiplekr 6.39kr 8.52kr 10.6555
EV/EBITDAkr 0.1400kr 1.92kr 3.7058
Asset-Based
NCAV (Graham)kr 4.77kr 6.39kr 9.5354
Economic Profit
Residual Incomekr 6.21kr 6.41kr 6.9368
Growth Earnings
Growth-Adj P/Ekr 4.46kr 6.36kr 8.2765
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+34.0%
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.
+35.0%
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.
+169.0%
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.
+203.8%
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What shareholders gained per year (last 3 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 3 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. Basis: EBIT basis.
+10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.7%
Dividend (yield on the price)0.0%
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.−814% → 25%
Compare Cloudberry Clean Energy As with another stock
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.Utilities - Renewable · 196 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−66.7% · Bottom 25%
Profitability
Return on equity (12 months)3.2% · Above median
Return on assets0.7% · Below median
Net margin (12 months)15.3% · Above median
Operating margin (12 months)28.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)158.1% · Top 25%
Balance sheet
Debt / equity0.67× · Above median
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (12 months)38.2× · Pricier than median
P/B1.26× · Cheaper than median
P/S (12 months)6.93× · Priciest 25%
EV/EBITDA19.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)100· sector 15
PAST (return on equity)13· sector 12
HEALTH (low debt)66· sector 70
DIVIDEND (yield)0· sector 47
VALUE 0: the price sits above our fair-value range.
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). "Cloudberry Clean Energy As Fair Value". https://www.fairvalue-calculator.com/stock/CLOUD
Frequently asked questions
Is Cloudberry Clean Energy As (CLOUD) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 4.33 versus a price of kr 13.00, about 67% lower (overvalued).
What is the fair value of CLOUD?
Our model-based fair value for Cloudberry Clean Energy As is kr 4.33 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 13.00.
What is the quality score of CLOUD?
Cloudberry Clean Energy 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 Cloudberry Clean Energy As (CLOUD)?
Our model-based price target is the fair value of kr 4.33 (as of Nov 8, 2026) from 11 valuation models. Cautious scenario kr 3.79, optimistic scenario kr 5.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Cloudberry Clean Energy As stock forecast for 2026?
Our models put fair value at kr 4.33, about 67% lower versus a price of kr 13.00 (overvalued). Cautious scenario kr 3.79, optimistic scenario kr 5.89. The calculation is refreshed regularly with new filings.
What is the revenue of Cloudberry Clean Energy As (CLOUD)?
Cloudberry Clean Energy As reported trailing-twelve-month revenue of about 864M NOK (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Cloudberry Clean Energy As (CLOUD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cloudberry Clean Energy As it is kr 4.33 per share (as of Nov 8, 2026), against a price of kr 13.00. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Cloudberry Clean Energy As stock overvalued or undervalued in 2026?
As of Nov 8, 2026, CLOUD trades above its calculated fair value: price kr 13.00, fair value kr 4.33, a gap of about −67% (overvalued). 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 CLOUD?
No. The price is what the market pays today (kr 13.00); the fair value is what the company's own numbers justify (kr 4.33). For Cloudberry Clean Energy As the two are kr 8.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cloudberry Clean Energy As worth?
The market values Cloudberry Clean Energy As at about 6.0B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 13.00; our models calculate a fair value of kr 4.33 per share.
What do the bullish and bearish scenarios say about CLOUD?
Our models span a range for Cloudberry Clean Energy As: cautious scenario kr 3.79, base kr 4.33, optimistic kr 5.89 per share (as of Nov 8, 2026, price kr 13.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CLOUD?
Cloudberry Clean Energy As trades at a price-to-earnings ratio of 38.2 (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 4.33 is built from several models across several years. Other multiples: P/B 1.3, P/S 6.9, EV/EBITDA 19.8.
How solid is the balance sheet of Cloudberry Clean Energy As (CLOUD)?
Balance-sheet figures for Cloudberry Clean Energy As (as of Nov 8, 2026): return on equity 3.2%, debt of 0.67 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is CLOUD from its 52-week high?
Cloudberry Clean Energy As trades at kr 13.00, about 5% below its 52-week high of kr 13.74 and 23% above the low of kr 10.54 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 4.33 is for.
Which stocks are comparable to Cloudberry Clean Energy As?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, 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 Cloudberry Clean Energy As stock attractive at the current price?
The data as of Nov 8, 2026: price kr 13.00, calculated fair value kr 4.33 (−67%), Quality Score 32/100, from 11 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 CLOUD calculated?
We run Cloudberry Clean Energy As through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 4.33 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. Cloudberry Clean Energy As itself currently trades above fair value. 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 Cloudberry Clean Energy As (CLOUD)?
The closing price on Nov 6, 2026 was kr 13.00. Our model-based fair value is kr 4.33, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cloudberry Clean Energy As right now?
The price sits above even our optimistic bull case (kr 5.89). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Cloudberry Clean Energy As
How large is the market capitalisation of Cloudberry Clean Energy As (CLOUD)?
The market capitalisation of Cloudberry Clean Energy As is 6.0B NOK (≈ $634M). 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 Cloudberry Clean Energy As (CLOUD)?
The price-to-sales ratio of Cloudberry Clean Energy As is 6.93 (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 Cloudberry Clean Energy As (CLOUD)?
Earnings per share at Cloudberry Clean Energy As are kr 0.3400 (price ÷ EPS = P/E 38.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cloudberry Clean Energy As (CLOUD)?
The net margin of Cloudberry Clean Energy As is 15.3% (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 Cloudberry Clean Energy As (CLOUD)?
The return on equity (ROE) of Cloudberry Clean Energy As is 3.2% (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 Cloudberry Clean Energy As (CLOUD)?
On an EBIT basis the return on assets of Cloudberry Clean Energy As is 0.9% (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 Cloudberry Clean Energy As (CLOUD)?
The operating margin of Cloudberry Clean Energy As is 28.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cloudberry Clean Energy As (CLOUD)?
Revenue at Cloudberry Clean Energy As is growing +158% versus a year earlier (3y avg +35.0%). 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 Cloudberry Clean Energy As (CLOUD)?
Earnings per share at Cloudberry Clean Energy As are growing −74.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cloudberry Clean Energy As (CLOUD) generate?
The free cash flow of Cloudberry Clean Energy As is −7.0M 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 Cloudberry Clean Energy As (CLOUD) carry?
The net debt of Cloudberry Clean Energy As is 2.4B 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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Nov 8, 2026