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Gigante Salmon AS (GIGA) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Gigante Salmon AS stock NOK 0.96, price NOK 4.74, that is 79.7% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Defensive NO · ISIN NO0011013765

GS Gigante Salmon AS logo Thin data Nov 8, 2026

Gigante Salmon AS

GIGA · OL
Very expensive, weak quality

Our calculation puts a fair price 80% below what the stock costs today.

Mixed Growth
Moderate debt
Revenue last quarter 9% below a year ago.
Fair value kr 0.9600 · Strongly overvalued
Quality 29/100
Loss-making · -20.2% net margin (TTM)
Negative free cash flow
Trails peers (0/10)
Narrow moat 19/100
Thin data
⟳ Cyclical
Watch Gigante Salmon AS for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 11.87 kr 3.87 Fair Value kr 0.9600 Aug 2021 Nov 2026

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 3.87 – kr 11.87 · fair‑value band kr 0.7200 – kr 1.43 · the kr 4.74 price screens above the kr 0.9600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Gigante Salmon AS engages in the land-based salmon farming business in Norway. The company was incorporated in 2001 and is headquartered in Bodø, Norway.

Stock analysis

Gigante Salmon AS (GIGA) currently trades at kr 4.74, while our model-based Fair Value estimate is kr 0.9600, 80% below the price, so the stock looks overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: kr 0.7200 (bear) to kr 1.43 (bull), the price of kr 4.74 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 29/100 (below-average quality), in the Consumer Defensive sector.

Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.

Gigante Salmon AS reported revenue of 71.6M NOK in FY2025 versus 0 NOK in FY2021. Reported net income was −469K NOK in FY2025.

Key figures

Market cap 1.0B NOK (≈ $111M) Micro · P/S ratio 8.01 · EPS (TTM) kr −0.1300 · Net margin −20.2% · Return on equity −3.2% · Return on assets (EBIT) −0.5% (5-year average) · Operating margin −2.3% · Revenue (TTM) 140M NOK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).

What moves the price

The share trades about 54% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −80%, GIGA screens richer than that median.

Fair Value models

Bear kr 0.7200 Fair Value kr 0.9600 Bull kr 1.43
Price kr 4.74 · Downside -79.7%
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. 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
NCAV (Graham) kr 0.7200 kr 0.9600 kr 1.43 54
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.7200 kr 0.9600 kr 1.43 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 14
How much profit the company makes from its sales and capital
Quality Growth 63
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 45
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 68
How calm the share price moves, does not count
Price momentum 4
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 55/100
Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

GIGA screens overvalued: fair value 80% below the price. Compare with Muyuan Foods Group →

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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.Farm Products · 291 stocks

Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −79.7% · Bottom 25%
Profitability
Return on assets 0.0% · Below median
Net margin (12 months) −20.2% · Bottom 25%
Operating margin (12 months) −2.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −8.9% · Bottom 25%
Balance sheet
Debt / equity 0.70× · Highest 25%

Valuation Multiplesvs Farm Products median · lower = cheaper

P/B 1.46× · Pricier than median
P/S (12 months) 7.48× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)0 · sector 15
PAST (return on equity)0 · sector 17
HEALTH (low debt)65 · sector 94
DIVIDEND (yield)0 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Charoen Pokphand Foods Public Company CPF 20.10 THB 40.78 THB +103% vs GIGA
Mowi ASA MOWI kr 218.00 kr 273.41 +25% vs GIGA
Tyson Foods, Inc TSN $59.68 $73.24 +23% vs GIGA
Muyuan Foods Group 002714 ¥44.40 ¥53.02 +19% vs GIGA
United Plantations Berhad 2089 30.38 MYR 33.42 MYR +10% vs GIGA
Archer-Daniels-Midland Company ADM $69.97 $61.55 −12% vs GIGA
Wens Foodstuff Group 300498 ¥16.82 ¥12.08 −28% vs GIGA
Fujian Wanchen Food Group 300972 ¥129.60 ¥88.62 −32% vs GIGA
Bunge Global SA BG $99.10 $56.81 −43% vs GIGA
SalMar ASA SALM kr 572.50 kr 260.28 −55% vs GIGA

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Gigante Salmon AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Gigante Salmon AS Fair Value". https://www.fairvalue-calculator.com/stock/GIGA

Frequently asked questions

Is Gigante Salmon AS (GIGA) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 0.9600 versus a price of kr 4.74, about 80% lower (overvalued).
What is the fair value of GIGA?
Our model-based fair value for Gigante Salmon AS is kr 0.9600 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 4.74.
What is the quality score of GIGA?
Gigante Salmon AS has a Quality Score of 29/100. 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 Gigante Salmon AS (GIGA)?
Our model-based price target is the fair value of kr 0.9600 (as of Nov 8, 2026) from 1 valuation models. Cautious scenario kr 0.7200, optimistic scenario kr 1.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Gigante Salmon AS stock forecast for 2026?
Our models put fair value at kr 0.9600, about 80% lower versus a price of kr 4.74 (overvalued). Cautious scenario kr 0.7200, optimistic scenario kr 1.43. The calculation is refreshed regularly with new filings.
What is the revenue of Gigante Salmon AS (GIGA)?
Gigante Salmon AS reported trailing-twelve-month revenue of about 140M NOK (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Gigante Salmon AS (GIGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gigante Salmon AS it is kr 0.9600 per share (as of Nov 8, 2026), against a price of kr 4.74. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Gigante Salmon AS stock overvalued or undervalued in 2026?
As of Nov 8, 2026, GIGA trades above its calculated fair value: price kr 4.74, fair value kr 0.9600, a gap of about −80% (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 GIGA?
No. The price is what the market pays today (kr 4.74); the fair value is what the company's own numbers justify (kr 0.9600). For Gigante Salmon AS the two are kr 3.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gigante Salmon AS worth?
The market values Gigante Salmon AS at about 1.0B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 4.74; our models calculate a fair value of kr 0.9600 per share.
What do the bullish and bearish scenarios say about GIGA?
Our models span a range for Gigante Salmon AS: cautious scenario kr 0.7200, base kr 0.9600, optimistic kr 1.43 per share (as of Nov 8, 2026, price kr 4.74). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Gigante Salmon AS (GIGA)?
Balance-sheet figures for Gigante Salmon AS (as of Nov 8, 2026): return on equity −3.2%, debt of 0.70 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is GIGA from its 52-week high?
Gigante Salmon AS trades at kr 4.74, about 54% below its 52-week high of kr 10.35 and 2% above the low of kr 4.64 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.9600 is for.
Which stocks are comparable to Gigante Salmon AS?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, 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 Gigante Salmon AS stock attractive at the current price?
The data as of Nov 8, 2026: price kr 4.74, calculated fair value kr 0.9600 (−80%), Quality Score 29/100, from 1 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 GIGA calculated?
We run Gigante Salmon AS through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 0.9600 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. Gigante Salmon 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 Gigante Salmon AS (GIGA)?
The closing price on Nov 6, 2026 was kr 4.74. Our model-based fair value is kr 0.9600, about 80% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gigante Salmon AS right now?
The price sits above even our optimistic bull case (kr 1.43). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.7200 to kr 1.43) leaves room in how you read the outcome.

Key figures of Gigante Salmon AS

How large is the market capitalisation of Gigante Salmon AS (GIGA)?
The market capitalisation of Gigante Salmon AS is 1.0B NOK (≈ $111M). 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 Gigante Salmon AS (GIGA)?
The price-to-sales ratio of Gigante Salmon AS is 8.01 (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 Gigante Salmon AS (GIGA)?
Earnings per share at Gigante Salmon AS are kr −0.1300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gigante Salmon AS (GIGA)?
The net margin of Gigante Salmon AS is −20.2% (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 Gigante Salmon AS (GIGA)?
The return on equity (ROE) of Gigante Salmon 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 Gigante Salmon AS (GIGA)?
On an EBIT basis the return on assets of Gigante Salmon AS is −0.5% (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 Gigante Salmon AS (GIGA)?
The operating margin of Gigante Salmon AS is −2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gigante Salmon AS (GIGA)?
Revenue at Gigante Salmon AS is growing −8.9% 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 Gigante Salmon AS (GIGA)?
Earnings per share at Gigante Salmon AS are growing +18.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Gigante Salmon AS (GIGA) generate?
The free cash flow of Gigante Salmon AS is −391M 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 Gigante Salmon AS (GIGA) carry?
The net debt of Gigante Salmon AS is 624M 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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