North Energy ASA (NORTH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of North Energy ASA stock NOK 2.25, price NOK 2.49, that is 9.6% below the price, quality 47 out of 100. Rating: overvalued. Calculated from audited financials with 2 of our 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 4, 2026.
How to read this chart
60‑month range kr 1.69 – kr 2.86 · fair‑value band kr 1.68 – kr 2.81 · the kr 2.49 price screens above the kr 2.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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North Energy ASA, an industrial investment company, owns, manages, and provides financing for activities within the energy and other industries in Norway. It operates through two segments, Industrial Holdings and Financial Investments.
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It holds a portfolio of independent investments in listed and unlisted companies. The company was incorporated in 2007 and is headquartered in Oslo, Norway.
Stock analysis
North Energy ASA (NORTH) currently trades at kr 2.49, while our model-based Fair Value estimate is kr 2.25, 10% 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 1.68 (bear) to kr 2.81 (bull), the price of kr 2.49 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 47/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
North Energy ASA reported revenue of 90.0K NOK in FY2025 versus 178K NOK in FY2021, a compound −15.7%/yr. Reported net income was −40.2M NOK in FY2025.
Key figures
Market cap 292M NOK (≈ $30.9M) Micro · EPS (TTM) kr −0.4900 · Dividend yield 5.2% · Return on equity −17.9% · Return on assets (EBIT) −0.6% (5-year average) · Operating margin −9,653% · Revenue (TTM) 90.0K NOK · EPS growth (YoY) +28.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −10%, NORTH screens cheaper than that median.
Fair Value models
Bearkr 1.68Fair Value kr 2.25Bullkr 2.81
Price kr 2.49 · Downside -9.6%
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.0/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.0%
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.
−4.3%
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.
−42.9%
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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.
97,409.8% (2020) → −51,262.2% (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 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside−9.6% · Below median
Profitability
Return on assets−10.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)5.2% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "North Energy ASA Fair Value". https://www.fairvalue-calculator.com/stock/NORTH
Frequently asked questions
Is North Energy ASA (NORTH) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of kr 2.25 versus a price of kr 2.49, about 10% lower (overvalued).
What is the fair value of NORTH?
Our model-based fair value for North Energy ASA is kr 2.25 (as of Nov 4, 2026), built from audited fundamentals. The current price: kr 2.49.
What is the quality score of NORTH?
North Energy ASA has a Quality Score of 47/100. 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 North Energy ASA (NORTH)?
Our model-based price target is the fair value of kr 2.25 (as of Nov 4, 2026) from 2 valuation models. Cautious scenario kr 1.68, optimistic scenario kr 2.81. It is a calculation from audited fundamentals, not an analyst target.
What is the North Energy ASA stock forecast for 2026?
Our models put fair value at kr 2.25, about 10% lower versus a price of kr 2.49 (overvalued). Cautious scenario kr 1.68, optimistic scenario kr 2.81. The calculation is refreshed regularly with new filings.
What is the revenue of North Energy ASA (NORTH)?
North Energy ASA reported trailing-twelve-month revenue of about 90.0K NOK (latest available figure, as of Nov 4, 2026).
Does North Energy ASA pay a dividend?
North Energy ASA currently shows a dividend yield of 5.22% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of North Energy ASA (NORTH) and when is the ex-dividend date?
North Energy ASA pays a dividend of kr 0.13 per share a year, a dividend yield of 5.2%. The last ex-dividend date was Apr 15, 2026. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of North Energy ASA (NORTH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For North Energy ASA it is kr 2.25 per share (as of Nov 4, 2026), against a price of kr 2.49. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is North Energy ASA stock overvalued or undervalued in 2026?
As of Nov 4, 2026, NORTH trades above its calculated fair value: price kr 2.49, fair value kr 2.25, a gap of about −10% (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 NORTH?
No. The price is what the market pays today (kr 2.49); the fair value is what the company's own numbers justify (kr 2.25). For North Energy ASA the two are kr 0.2400 per share apart. That gap is exactly why we show both numbers side by side.
How much is North Energy ASA worth?
The market values North Energy ASA at about 292M NOK (market capitalisation, as of Nov 4, 2026). Per share that is kr 2.49; our models calculate a fair value of kr 2.25 per share.
What do the bullish and bearish scenarios say about NORTH?
Our models span a range for North Energy ASA: cautious scenario kr 1.68, base kr 2.25, optimistic kr 2.81 per share (as of Nov 4, 2026, price kr 2.49). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of North Energy ASA (NORTH)?
Balance-sheet figures for North Energy ASA (as of Nov 4, 2026): return on equity −17.9%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is NORTH from its 52-week high?
North Energy ASA trades at kr 2.49, about 12% below its 52-week high of kr 2.84 and 11% above the low of kr 2.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.25 is for.
Which stocks are comparable to North Energy 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 North Energy ASA stock attractive at the current price?
The data as of Nov 4, 2026: price kr 2.49, calculated fair value kr 2.25 (−10%), Quality Score 47/100, 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 NORTH calculated?
We run North Energy ASA through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 2.25 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. North Energy 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 North Energy ASA (NORTH)?
The closing price on Nov 6, 2026 was kr 2.49. Our model-based fair value is kr 2.25, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with North Energy ASA right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 North Energy ASA
How large is the market capitalisation of North Energy ASA (NORTH)?
The market capitalisation of North Energy ASA is 292M NOK (≈ $30.9M). 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 North Energy ASA (NORTH)?
Earnings per share at North Energy ASA are kr −0.4900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of North Energy ASA (NORTH)?
The dividend yield of North Energy ASA is 5.2%. 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 return on equity of North Energy ASA (NORTH)?
The return on equity (ROE) of North Energy ASA is −17.9% (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 North Energy ASA (NORTH)?
On an EBIT basis the return on assets of North Energy ASA is −0.6% (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 North Energy ASA (NORTH)?
The operating margin of North Energy ASA is −9,653% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at North Energy ASA (NORTH)?
Earnings per share at North Energy ASA are growing +28.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does North Energy ASA (NORTH) generate?
The free cash flow of North Energy ASA is −21.7M 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 North Energy ASA (NORTH) carry?
The net debt of North Energy ASA is 8.1M NOK (fiscal year 2023). 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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Thin data
Nov 4, 2026