Instabank ASA (INSTA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Instabank ASA stock NOK 2.15, price NOK 4.90, that is 56.1% below the price, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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 6, 2026.
How to read this chart
60‑month range kr 1.40 – kr 5.12 · fair‑value band kr 1.98 – kr 2.42 · the kr 4.90 price screens above the kr 2.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Instabank in your weekly email
Every Wednesday you see whether Instabank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Instabank ASA provides various banking products and services in Norway. It accepts deposits and saving and investment accounts; offers consumer and secured loans, refinance, and credit cards, as well as loans for vehicles and boats; and provides credit cards.
Show moreShow less
The company also provides payment, car, travel, contents, and dental health insurance products. Instabank ASA was incorporated in 2016 and is based in Oslo, Norway.
Stock analysis
Instabank ASA (INSTA) currently trades at kr 4.90, while our model-based Fair Value estimate is kr 2.15, 56% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of kr 3.10 per share, and 0 of the 6 models we run sit above the kr 4.90 price.
Bear case: the Dividend Discount group reads lowest at kr 0.8700, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 1.98 (bear) to kr 2.42 (bull), the price of kr 4.90 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 27/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Instabank ASA reported revenue of 610M NOK in FY2025 versus 359M NOK in FY2021, a compound +14.2%/yr. Reported net income was 123M NOK in FY2025, compounding +10.1%/yr from FY2021.
Key figures
Market cap 2.2B NOK (≈ $235M) Micro · P/E ratio 14.0 · P/S ratio 4.55 · EPS (TTM) kr 0.3500 · Dividend yield 1.8% · Net margin 32.3% · Return on equity 12.4% · Return on assets (EBIT) 1.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −56%, INSTA screens richer than that median.
Fair Value models
Bearkr 1.98Fair Value kr 2.15Bullkr 2.42
Price kr 4.90 · Downside -56.1%
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 0.2230 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
Residual Incomekr 2.39kr 2.53kr 2.8576
Gordon GGMkr 0.5100kr 0.9100kr 1.2568
DDM Multi-Stagekr 0.5100kr 0.8300kr 0.970067
All 6 models by family
Dividend Discount
Gordon GGMkr 0.5100kr 0.9100kr 1.2568
DDM Multi-Stagekr 0.5100kr 0.8300kr 0.970067
Multiples
P/E Multiplekr 2.58kr 3.43kr 4.2963
P/B Multiplekr 2.08kr 2.77kr 3.4655
Asset-Based
NCAV (Graham)kr 1.46kr 1.95kr 2.9154
Economic Profit
Residual Incomekr 2.39kr 2.53kr 2.8576
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−22.5%
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.
+12.3%
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.
+14.2%
Start year 2020 (pandemic)
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.
+64.4%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 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 5 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.
+18.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.0%
Dividend (yield on the price)1.8%
Profit margin 2019 to 2024 ⓘ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.19% → 16%
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Banks - Regional · 997 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−56.1% · Bottom 25%
Profitability
Return on equity (12 months)12.4% · Above median
Return on assets1.2% · Above median
Net margin (12 months)32.3% · Above median
Operating margin (12 months)43.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)53.0% · Top 25%
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)14.0× · Pricier than median
P/B1.60× · Priciest 25%
P/S (12 months)4.55× · Priciest 25%
EV/EBITDA17.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)100· sector 47
PAST (return on equity)50· sector 43
HEALTH (low debt)–
DIVIDEND (yield)37· sector 53
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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). "Instabank ASA Fair Value". https://www.fairvalue-calculator.com/stock/INSTA
Frequently asked questions
Is Instabank ASA (INSTA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 2.15 versus a price of kr 4.90, about 56% lower (overvalued).
What is the fair value of INSTA?
Our model-based fair value for Instabank ASA is kr 2.15 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 4.90.
What is the quality score of INSTA?
Instabank ASA has a Quality Score of 27/100. 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 Instabank ASA (INSTA)?
Our model-based price target is the fair value of kr 2.15 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario kr 1.98, optimistic scenario kr 2.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Instabank ASA stock forecast for 2026?
Our models put fair value at kr 2.15, about 56% lower versus a price of kr 4.90 (overvalued). Cautious scenario kr 1.98, optimistic scenario kr 2.42. The calculation is refreshed regularly with new filings.
What is the revenue of Instabank ASA (INSTA)?
Instabank ASA reported trailing-twelve-month revenue of about 488M NOK (latest available figure, as of Nov 6, 2026).
Does Instabank ASA pay a dividend?
Instabank ASA currently shows a dividend yield of 1.84% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Instabank ASA (INSTA) and when is the ex-dividend date?
Instabank ASA pays a dividend of kr 0.09 per share a year, a dividend yield of 1.8%. The last ex-dividend date was Apr 10, 2026. The payout ratio is 25.7% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Instabank ASA (INSTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Instabank ASA it is kr 2.15 per share (as of Nov 6, 2026), against a price of kr 4.90. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Instabank ASA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, INSTA trades above its calculated fair value: price kr 4.90, fair value kr 2.15, a gap of about −56% (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 INSTA?
No. The price is what the market pays today (kr 4.90); the fair value is what the company's own numbers justify (kr 2.15). For Instabank ASA the two are kr 2.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Instabank ASA worth?
The market values Instabank ASA at about 2.2B NOK (market capitalisation, as of Nov 6, 2026). Per share that is kr 4.90; our models calculate a fair value of kr 2.15 per share.
What do the bullish and bearish scenarios say about INSTA?
Our models span a range for Instabank ASA: cautious scenario kr 1.98, base kr 2.15, optimistic kr 2.42 per share (as of Nov 6, 2026, price kr 4.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INSTA?
Instabank ASA trades at a price-to-earnings ratio of 14.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 2.15 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 8.4. Other multiples: P/B 1.6, P/S 4.5, EV/EBITDA 17.0.
How solid is the balance sheet of Instabank ASA (INSTA)?
Balance-sheet figures for Instabank ASA (as of Nov 6, 2026): return on equity 12.4%, debt of 0.14 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is INSTA from its 52-week high?
Instabank ASA trades at kr 4.90, about 4% below its 52-week high of kr 5.12 and 54% above the low of kr 3.18 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.15 is for.
Which stocks are comparable to Instabank ASA?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Instabank ASA stock attractive at the current price?
The data as of Nov 6, 2026: price kr 4.90, calculated fair value kr 2.15 (−56%), Quality Score 27/100, from 6 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 INSTA calculated?
We run Instabank ASA through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 2.15 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. Instabank 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 Instabank ASA (INSTA)?
The closing price on Nov 6, 2026 was kr 4.90. Our model-based fair value is kr 2.15, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Instabank ASA right now?
The price sits above even our optimistic bull case (kr 2.42). The favourable scenario is already priced in. Weak quality (27/100) 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 Instabank ASA
How large is the market capitalisation of Instabank ASA (INSTA)?
The market capitalisation of Instabank ASA is 2.2B NOK (≈ $235M). 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 Instabank ASA (INSTA)?
The price-to-sales ratio of Instabank ASA is 4.55 (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 Instabank ASA (INSTA)?
Earnings per share at Instabank ASA are kr 0.3500 (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Instabank ASA (INSTA)?
The dividend yield of Instabank ASA is 1.8% (payout 25.7%). 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 Instabank ASA (INSTA)?
The net margin of Instabank ASA is 32.3% (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 Instabank ASA (INSTA)?
The return on equity (ROE) of Instabank ASA is 12.4% (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 Instabank ASA (INSTA)?
On an EBIT basis the return on assets of Instabank ASA is 1.8% (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 Instabank ASA (INSTA)?
The operating margin of Instabank ASA is 43.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Instabank ASA (INSTA)?
Revenue at Instabank ASA is growing +53.0% versus a year earlier (3y avg +12.3%). 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 Instabank ASA (INSTA)?
Earnings per share at Instabank ASA are growing +100% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Instabank ASA (INSTA) generate?
The free cash flow of Instabank ASA is −404M 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 Instabank ASA (INSTA) carry?
The net debt of Instabank ASA is 271M 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.
Free · no account needed
Watch Instabank ASA in the live analysis
One click puts Instabank ASA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 6, 2026