Hermana Holding ASA (HERMA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hermana Holding ASA stock NOK 6.93, price NOK 15.00, that is 53.8% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 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 3, 2026.
How to read this chart
29‑month range kr 9.30 – kr 22.26 · fair‑value band kr 5.20 – kr 8.67 · the kr 15.00 price screens above the kr 6.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Hermana Holding ASA was incorporated in 2023 and is headquartered in Oslo, Norway. Hermana Holding ASA operates as a subsidiary of Magnora ASA.
Stock analysis
Hermana Holding ASA (HERMA) currently trades at kr 15.00, while our model-based Fair Value estimate is kr 6.93, 54% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the data coverage at low.
Scenario range: kr 5.20 (bear) to kr 8.67 (bull), the price of kr 15.00 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 46/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Hermana Holding ASA reported revenue of 1.2M NOK in FY2025 versus 13.8M NOK in FY2021, a compound −45.7%/yr. Reported net income was −13.5M NOK in FY2025.
Key figures
Market cap 206M NOK (≈ $21.8M) Micro · EPS (TTM) kr −0.2100 · Dividend yield 0.5% · Return on assets (EBIT) 163% (4-year average) · Free cash flow −4.5M NOK · Net cash 16.6M NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −54%, HERMA screens richer than that median.
Fair Value models
Bearkr 5.20Fair Value kr 6.93Bullkr 8.67
Price kr 15.00 · Downside -53.8%
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.
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 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
68.1% (2021) → −441.7% (2025)
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
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.Asset Management · 587 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−53.8% · Bottom 25%
Profitability
Return on assets−12.0% · Bottom 25%
Operating margin (12 months)0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)0.5% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/B0.19× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 60
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 29
HEALTH (low debt)100· sector 96
DIVIDEND (yield)10· sector 80
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.
Is Hermana Holding ASA (HERMA) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of kr 6.93 versus a price of kr 15.00, about 54% lower (overvalued).
What is the fair value of HERMA?
Our model-based fair value for Hermana Holding ASA is kr 6.93 (as of Nov 3, 2026), built from audited fundamentals. The current price: kr 15.00.
What is the quality score of HERMA?
Hermana Holding ASA has a Quality Score of 46/100. 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 Hermana Holding ASA (HERMA)?
Our model-based price target is the fair value of kr 6.93 (as of Nov 3, 2026) from 2 valuation models. Cautious scenario kr 5.20, optimistic scenario kr 8.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Hermana Holding ASA stock forecast for 2026?
Our models put fair value at kr 6.93, about 54% lower versus a price of kr 15.00 (overvalued). Cautious scenario kr 5.20, optimistic scenario kr 8.67. The calculation is refreshed regularly with new filings.
Does Hermana Holding ASA pay a dividend?
Hermana Holding ASA currently shows a dividend yield of 0.49% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Hermana Holding ASA (HERMA)?
Hermana Holding ASA has a dividend yield of 0.5%.
What is the intrinsic value of Hermana Holding ASA (HERMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hermana Holding ASA it is kr 6.93 per share (as of Nov 3, 2026), against a price of kr 15.00. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Hermana Holding ASA stock overvalued or undervalued in 2026?
As of Nov 3, 2026, HERMA trades above its calculated fair value: price kr 15.00, fair value kr 6.93, a gap of about −54% (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 HERMA?
No. The price is what the market pays today (kr 15.00); the fair value is what the company's own numbers justify (kr 6.93). For Hermana Holding ASA the two are kr 8.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hermana Holding ASA worth?
The market values Hermana Holding ASA at about 206M NOK (market capitalisation, as of Nov 3, 2026). Per share that is kr 15.00; our models calculate a fair value of kr 6.93 per share.
What do the bullish and bearish scenarios say about HERMA?
Our models span a range for Hermana Holding ASA: cautious scenario kr 5.20, base kr 6.93, optimistic kr 8.67 per share (as of Nov 3, 2026, price kr 15.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is HERMA from its 52-week high?
Hermana Holding ASA trades at kr 15.00, about 17% below its 52-week high of kr 18.10 and 12% above the low of kr 13.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 6.93 is for.
Which stocks are comparable to Hermana Holding ASA?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 Hermana Holding ASA stock attractive at the current price?
The data as of Nov 3, 2026: price kr 15.00, calculated fair value kr 6.93 (−54%), Quality Score 46/100, from 2 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 HERMA calculated?
We run Hermana Holding ASA through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 6.93 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. Hermana Holding 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 Hermana Holding ASA (HERMA)?
The closing price on Nov 6, 2026 was kr 15.00. Our model-based fair value is kr 6.93, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hermana Holding ASA right now?
The price sits above even our optimistic bull case (kr 8.67). The favourable scenario is already priced in. Weak quality (46/100) 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Hermana Holding ASA
How large is the market capitalisation of Hermana Holding ASA (HERMA)?
The market capitalisation of Hermana Holding ASA is 206M NOK (≈ $21.8M). 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 are the earnings per share of Hermana Holding ASA (HERMA)?
Earnings per share at Hermana Holding ASA are kr −0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hermana Holding ASA (HERMA)?
The dividend yield of Hermana Holding ASA is 0.5%. 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 EBIT return on assets of Hermana Holding ASA (HERMA)?
On an EBIT basis the return on assets of Hermana Holding ASA is 163% (avg 4y). 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.
How much free cash flow does Hermana Holding ASA (HERMA) generate?
The free cash flow of Hermana Holding ASA is −4.5M 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 cash does Hermana Holding ASA (HERMA) hold?
Hermana Holding ASA holds more cash than debt, 16.6M NOK net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026
