General Oceans ASA (GENO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of General Oceans ASA stock NOK 24.31, price NOK 17.74, upside +37.0%, quality 80 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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
7‑month range kr 17.10 – kr 32.78 · fair‑value band kr 13.77 – kr 36.21 · the kr 17.74 price screens below the kr 24.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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General Oceans ASA engages in developing and manufacturing oceanographic sensors, underwater vehicle systems, robotic manipulators, and software in Norway and Internationally. The company operates through two segments: Sensors and Robotics.
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The Sensors segment includes the design, manufacture, integration and sale of acoustic and environmental subsea sensors used for underwater perception, navigation, seabed mapping, and oceanographic measurement.
The Robotics segment includes integrated underwater robotic vehicles and manipulators used for unmanned subsea operations, inspection, intervention, and defence applications.
The company develops and supplies instrumentation technology for measuring and understanding the ocean and its dynamics, imaging and navigation systems, and remotely operated and autonomous vehicle solutions with associated manipulators and control systems.
It offers its sensors, systems and robotic solutions for application in marine environments and subsea operations. The company sells its products through direct sales and distributors. General Oceans ASA was founded in 1996 and is headquartered in Rud, Norway.
Stock analysis
General Oceans ASA (GENO) currently trades at kr 17.74, while our model-based Fair Value estimate is kr 24.31, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 39.28 per share, and 17 of the 26 models we run sit above the kr 17.74 price.
Bear case: the Dividend Discount group reads lowest at kr 2.82, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 13.77 (bear) to kr 36.21 (bull), the price of kr 17.74 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 80/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
General Oceans ASA reported revenue of 1.3B NOK in FY2025 versus 809M NOK in FY2023, a compound +25.8%/yr. Reported net income was 165M NOK in FY2025.
Key figures
Market cap 3.3B NOK (≈ $354M) Small · P/E ratio 21.9 · P/S ratio 2.82 · EPS (TTM) kr 0.8100 · Dividend yield 1.0% · Net margin 12.9% · Return on equity 5.8% · Return on assets (EBIT) 8.3% (3-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 37%, GENO screens cheaper than that median.
Fair Value models
Bearkr 13.77Fair Value kr 24.31Bullkr 36.21
Price kr 17.74 · Upside +37.0%
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 0.6946 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
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).
+11.0%
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 +8.4% 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.Scientific & Technical Instruments · 160 stocks
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.
Is General Oceans ASA (GENO) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 24.31 versus a price of kr 17.74, about +37% upside (undervalued).
What is the fair value of GENO?
Our model-based fair value for General Oceans ASA is kr 24.31 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 17.74.
What is the quality score of GENO?
General Oceans ASA has a Quality Score of 80/100. 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 General Oceans ASA (GENO)?
Our model-based price target is the fair value of kr 24.31 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario kr 13.77, optimistic scenario kr 36.21. It is a calculation from audited fundamentals, not an analyst target.
What is the General Oceans ASA stock forecast for 2026?
Our models put fair value at kr 24.31, about +37% upside versus a price of kr 17.74 (undervalued). Cautious scenario kr 13.77, optimistic scenario kr 36.21. The calculation is refreshed regularly with new filings.
What is the revenue of General Oceans ASA (GENO)?
General Oceans ASA reported trailing-twelve-month revenue of about 1.3B NOK (latest available figure, as of Nov 8, 2026).
Does General Oceans ASA pay a dividend?
General Oceans ASA currently shows a dividend yield of 0.99% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of General Oceans ASA (GENO)?
General Oceans ASA has a dividend yield of 1.0%.
What growth is priced into General Oceans ASA (GENO)?
For today's price to be fair in a discounted-cash-flow model, General Oceans ASA would have to grow free cash flow by +11.0 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +25.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of GENO use?
Our models discount General Oceans ASA at 11.0 %: a base by market capitalisation (small), 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 General Oceans ASA that is +11.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has General Oceans ASA (GENO) delivered so far?
Over the past 2 years revenue at General Oceans ASA grew +25.8 % a year. The price currently implies free-cash-flow growth of +11.0 % 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 General Oceans ASA (GENO) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into General Oceans ASA (+11.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of General Oceans ASA (GENO)?
The free-cash-flow yield on the price is 5.04 %: that much free cash flow General Oceans ASA produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of General Oceans ASA (GENO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For General Oceans ASA it is kr 24.31 per share (as of Nov 8, 2026), against a price of kr 17.74. 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 General Oceans ASA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, GENO trades below its calculated fair value: price kr 17.74, fair value kr 24.31, a gap of about +37% (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 GENO?
No. The price is what the market pays today (kr 17.74); the fair value is what the company's own numbers justify (kr 24.31). For General Oceans ASA the two are kr 6.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is General Oceans ASA worth?
The market values General Oceans ASA at about 3.3B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 17.74; our models calculate a fair value of kr 24.31 per share.
What do the bullish and bearish scenarios say about GENO?
Our models span a range for General Oceans ASA: cautious scenario kr 13.77, base kr 24.31, optimistic kr 36.21 per share (as of Nov 8, 2026, price kr 17.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GENO?
General Oceans ASA trades at a price-to-earnings ratio of 21.9 (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 24.31 is built from several models across several years. Other multiples: P/B 4.7, P/S 2.5, EV/EBITDA 14.4.
How solid is the balance sheet of General Oceans ASA (GENO)?
Balance-sheet figures for General Oceans ASA (as of Nov 8, 2026): return on equity 5.8%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
Which stocks are comparable to General Oceans ASA?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 General Oceans ASA stock attractive at the current price?
The data as of Nov 8, 2026: price kr 17.74, calculated fair value kr 24.31 (+37%), Quality Score 80/100, 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 GENO calculated?
We run General Oceans ASA 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 24.31 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. General Oceans ASA currently trades 27% 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 General Oceans ASA (GENO)?
The closing price on Nov 6, 2026 was kr 17.74. Our model-based fair value is kr 24.31, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with General Oceans ASA right now?
The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (kr 13.77 to kr 36.21). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of General Oceans ASA
How large is the market capitalisation of General Oceans ASA (GENO)?
The market capitalisation of General Oceans ASA is 3.3B NOK (≈ $354M). 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 General Oceans ASA (GENO)?
The price-to-sales ratio of General Oceans ASA is 2.82 (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 General Oceans ASA (GENO)?
Earnings per share at General Oceans ASA are kr 0.8100 (price ÷ EPS = P/E 21.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of General Oceans ASA (GENO)?
The dividend yield of General Oceans ASA is 1.0% (payout 21.6%). 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 General Oceans ASA (GENO)?
The net margin of General Oceans ASA is 12.9% (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 General Oceans ASA (GENO)?
The return on equity (ROE) of General Oceans ASA is 5.8% (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 General Oceans ASA (GENO)?
On an EBIT basis the return on assets of General Oceans ASA is 8.3% (avg 3y). 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 General Oceans ASA (GENO)?
The operating margin of General Oceans ASA is 17.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at General Oceans ASA (GENO)?
Revenue at General Oceans ASA is growing +21.8% versus a year earlier. 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 General Oceans ASA (GENO)?
Earnings per share at General Oceans ASA are growing +44.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 8, 2026