Endur ASA (ENDUR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Endur ASA stock NOK 118, price NOK 127, that is 6.5% below the price, quality 43 out of 100. Rating: fairly valued. Calculated from audited financials with 22 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 19.87 – kr 130.00 · fair‑value band kr 88.52 – kr 152.71 · the kr 126.60 price screens above the kr 118.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Endúr ASA operates as a Scandinavian infrastructure contractor headquartered in Lysaker and listed on the Oslo Stock Exchange. The company focuses on critical infrastructure projects, including bridges, quays, tunnels, and dams.
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The company follows an acquisition-driven growth strategy supported by a decentralized operating model that allows subsidiaries to retain operational autonomy, technical expertise, and strong local market positions.
It also aims to create long-term value through strategic platform acquisitions and targeted bolt-on investments in fragmented niche markets. Endúr ASA is headquartered in Lysaker, Norway.
Stock analysis
Endur ASA (ENDUR) currently trades at kr 126.60, while our model-based Fair Value estimate is kr 118.37, so the stock looks roughly fairly valued today (gap 7.0%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 332.33 per share, and 11 of the 22 models we run sit above the kr 126.60 price.
Bear case: the Earnings-Based group reads lowest at kr 50.01, and 11 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 88.52 (bear) to kr 152.71 (bull), the price of kr 126.60 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 43/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Endur ASA reported revenue of 6.4B NOK in FY2025 versus 2.0B NOK in FY2021, a compound +33.7%/yr. Reported net income was 134M NOK in FY2025.
Key figures
Market cap 6.4B NOK (≈ $674M) Small · P/E ratio 32.2 · P/S ratio 0.83 · EPS (TTM) kr 3.93 · Dividend yield 0.6% · Net margin 2.6% · Return on equity 8.6% · Return on assets (EBIT) 3.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −7%, ENDUR screens cheaper than that median.
Fair Value models
Bearkr 88.52Fair Value kr 118.37Bullkr 152.71
Price kr 126.60 · Downside -6.5%
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 2.68 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
FCF DCFkr 272.51kr 505.20kr 911.7277
Growth DCFkr 267.03kr 469.90kr 805.1276
5Y EBITDA Exitkr 170.31kr 278.89kr 414.2074
All 22 models by family
DCF Models
FCF DCFkr 272.51kr 505.20kr 911.7277
Owner Earningskr 188.19kr 347.79kr 626.6073
5Y Revenue Exitkr 130.27kr 193.16kr 273.1973
5Y EBITDA Exitkr 170.31kr 278.89kr 414.2074
5Y P/E Exitkr 117.53kr 165.90kr 217.9371
10Y Revenue Exitkr 174.80kr 252.67kr 364.5067
10Y EBITDA Exitkr 202.97kr 315.08kr 483.5567
10Y P/E Exitkr 168.40kr 232.83kr 317.8564
Earnings-Based
Graham-Doddkr 17.84kr 93.84kr 129.8963
Lynch FVkr 25.79kr 36.84kr 47.8961
PEG = 1.0kr 25.79kr 36.84kr 47.8957
EPVkr 55.22kr 63.18kr 70.0374
Multiples
P/E Multiplekr 41.32kr 55.10kr 68.8763
P/S Multiplekr 33.45kr 44.60kr 55.7558
EV/EBITkr 71.37kr 98.22kr 125.0666
EV/EBITDAkr 116.13kr 157.89kr 199.6667
EV/Revenuekr 48.32kr 72.95kr 97.5953
Growth DCF
Growth DCFkr 267.03kr 469.90kr 805.1276
Rev-Margin DCFkr 130.27kr 194.76kr 281.6872
Economic Profit
Residual Incomekr 35.30kr 35.91kr 38.4071
ROIC Compounderkr 59.77kr 79.93kr 103.1272
Growth Earnings
Growth-Adj P/Ekr 38.33kr 54.75kr 71.1867
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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+131.9%
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.
+36.7%
Revenue growth 9 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.
+43.7%
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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.
−3,132.7% (2020) → 5.0% (2025)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−8.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about −10.2% a year for the price and +8.4% for the forecasts.
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.Engineering & Construction · 791 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−6.5% · Below median
Profitability
Return on equity (12 months)8.6% · Above median
Return on assets2.1% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)5.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)20.6% · Above median
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.46× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)32.2× · Priciest 25%
P/B2.71× · 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.
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). "Endur ASA Fair Value". https://www.fairvalue-calculator.com/stock/ENDUR
Frequently asked questions
Is Endur ASA (ENDUR) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 118.37 versus a price of kr 126.60, about 7% lower (fairly valued).
What is the fair value of ENDUR?
Our model-based fair value for Endur ASA is kr 118.37 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 126.60.
What is the quality score of ENDUR?
Endur ASA has a Quality Score of 43/100. 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 Endur ASA (ENDUR)?
Our model-based price target is the fair value of kr 118.37 (as of Nov 8, 2026) from 22 valuation models. Cautious scenario kr 88.52, optimistic scenario kr 152.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Endur ASA stock forecast for 2026?
Our models put fair value at kr 118.37, about 7% lower versus a price of kr 126.60 (fairly valued). Cautious scenario kr 88.52, optimistic scenario kr 152.71. The calculation is refreshed regularly with new filings.
What is the revenue of Endur ASA (ENDUR)?
Endur ASA reported trailing-twelve-month revenue of about 7.6B NOK (latest available figure, as of Nov 8, 2026).
Does Endur ASA pay a dividend?
Endur ASA currently shows a dividend yield of 0.63% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Endur ASA (ENDUR) and when is the ex-dividend date?
Endur ASA pays a dividend of kr 0.8 per share a year, a dividend yield of 0.6%. The last ex-dividend date was May 21, 2026. The payout ratio is 20.4% of earnings. Free cash flow covers the dividend 23.83 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Endur ASA (ENDUR)?
For today's price to be fair in a discounted-cash-flow model, Endur ASA would have to grow free cash flow by -8.1 % 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 +229.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ENDUR use?
Our models discount Endur ASA at 9.6 %: a base by market capitalisation (small), damped by beta 0.34, 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 Endur ASA that is -8.1 % 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 Endur ASA (ENDUR) delivered so far?
Over the past 5 years revenue at Endur ASA grew +229.6 % a year. The price currently implies free-cash-flow growth of -8.1 % 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 Endur ASA (ENDUR) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Endur ASA (-8.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Endur ASA (ENDUR)?
The free-cash-flow yield on the price is 15.26 %: that much free cash flow Endur ASA 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 Endur ASA (ENDUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Endur ASA it is kr 118.37 per share (as of Nov 8, 2026), against a price of kr 126.60. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Endur ASA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ENDUR trades above its calculated fair value: price kr 126.60, fair value kr 118.37, a gap of about −7% (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 ENDUR?
No. The price is what the market pays today (kr 126.60); the fair value is what the company's own numbers justify (kr 118.37). For Endur ASA the two are kr 8.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Endur ASA worth?
The market values Endur ASA at about 6.4B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 126.60; our models calculate a fair value of kr 118.37 per share.
What do the bullish and bearish scenarios say about ENDUR?
Our models span a range for Endur ASA: cautious scenario kr 88.52, base kr 118.37, optimistic kr 152.71 per share (as of Nov 8, 2026, price kr 126.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENDUR?
Endur ASA trades at a price-to-earnings ratio of 32.2 (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 118.37 is built from several models across several years. Other multiples: P/B 2.7, P/S 0.8, EV/EBITDA 10.1.
How solid is the balance sheet of Endur ASA (ENDUR)?
Balance-sheet figures for Endur ASA (as of Nov 8, 2026): return on equity 8.6%, debt of 0.46 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ENDUR from its 52-week high?
Endur ASA trades at kr 126.60, about 3% below its 52-week high of kr 130.00 and 55% above the low of kr 81.87 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 118.37 is for.
Which stocks are comparable to Endur ASA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Endur ASA stock attractive at the current price?
The data as of Nov 8, 2026: price kr 126.60, calculated fair value kr 118.37 (−7%), Quality Score 43/100, from 22 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 ENDUR calculated?
We run Endur ASA through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 118.37 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. Endur ASA 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 Endur ASA (ENDUR)?
The closing price on Nov 6, 2026 was kr 126.60. Our model-based fair value is kr 118.37, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Endur ASA right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Endur ASA
How large is the market capitalisation of Endur ASA (ENDUR)?
The market capitalisation of Endur ASA is 6.4B NOK (≈ $674M). 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 Endur ASA (ENDUR)?
The price-to-sales ratio of Endur ASA is 0.83 (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 Endur ASA (ENDUR)?
Earnings per share at Endur ASA are kr 3.93 (price ÷ EPS = P/E 32.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Endur ASA (ENDUR)?
The dividend yield of Endur ASA is 0.6% (payout 20.4%). 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 Endur ASA (ENDUR)?
The net margin of Endur ASA is 2.6% (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 Endur ASA (ENDUR)?
The return on equity (ROE) of Endur ASA is 8.6% (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 Endur ASA (ENDUR)?
On an EBIT basis the return on assets of Endur ASA is 3.4% (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 Endur ASA (ENDUR)?
The operating margin of Endur ASA is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Endur ASA (ENDUR)?
Revenue at Endur ASA is growing +20.6% versus a year earlier (3y avg +36.7%). 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 Endur ASA (ENDUR)?
Earnings per share at Endur ASA are growing +52.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Endur ASA (ENDUR) carry?
The net debt of Endur ASA is 467M NOK (fiscal year 2024, ≈ 0.5 yrs of FCF). 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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Some data
Nov 8, 2026