Opera Ltd (OPRA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Opera Ltd stock $26.40, price $14.72, upside +79.3%, quality 75 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 $2.98 – $23.98 · fair‑value band $18.09 – $43.20 · the $14.72 price screens below the $26.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Ireland, Singapore, the United States, and internationally.
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The company offers specialized browsers, including Opera One browser, Opera AI, Opera GX; Opera Neon, a subscription-based agentic AI browser designed for productivity-oriented users; and offers Web3 and e-commerce services.
It also operates Opera Ads, an online advertising platform; GameMaker, a 2D gaming development platform; and Opera News, an AI-powered personalized news discovery and aggregation service. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway.
Opera Limited is a subsidiary of Kunlun Tech Co., Ltd.
Stock analysis
Opera Ltd (OPRA) currently trades at $14.72, while our model-based Fair Value estimate is $26.40, implying the stock looks roughly 44% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $41.62 per share, and 19 of the 26 models we run sit above the $14.72 price.
Bear case: the Economic Profit group reads lowest at $9.61, and 7 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $18.09 (bear) to $43.20 (bull), the price of $14.72 sits below 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 75/100 (high quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Opera Ltd reported revenue of $617M in FY2025 versus $251M in FY2021, a compound +25.2%/yr. Reported net income was $109M in FY2025.
Key figures
Market cap $1.6B Small · P/E ratio 10.6 · P/S ratio 2.30 · EPS (TTM) $1.39 · Dividend yield 8.2% · Net margin 18.6% · Return on equity 12.9% · Return on assets (EBIT) 5.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 13% fair-value upside, at 79%, OPRA screens cheaper than that median.
Fair Value models
Bear$18.09Fair Value $26.40Bull$43.20
Price $14.72 · Upside +79.3%
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 ($0.1624 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.
In the last 6 months, 2 officers or directors sold shares worth $2.6M and none bought.
SaleLin SongChief Executive Officer, Director70,000 shares at $18.65$1.3MJun 18, 2026
SaleFrode JacobsenChief Financial Officer70,000 shares at $18.65$1.3MJun 18, 2026
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+28.3%
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.
+23.0%
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.
+30.2%
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.
+21.4%
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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. Basis: adjusted.
+34.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.6%
Dividend (yield on the price)8.2%
Profit margin 2020 to 2025 ⓘ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.−2% → 15%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
+1.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −0.5% a year for the price and +11.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (92 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
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.Internet Content & Information · 123 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+79.3% · Top 25%
Profitability
Return on equity (12 months)12.9% · Above median
Return on assets9.5% · Above median
Net margin (12 months)18.6% · Top 25%
Operating margin (12 months)16.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)24.6% · Top 25%
Dividend yield (12 months)8.2% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
P/E (12 months)10.6× · Cheaper than median
P/B1.56× · Cheaper than median
P/S (12 months)2.30× · Pricier than median
Price / free cash flow (fiscal year)13.7× · Cheaper than median
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). "Opera Ltd Fair Value". https://www.fairvalue-calculator.com/stock/OPRA
Frequently asked questions
Is Opera Ltd (OPRA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $26.40 versus a price of $14.72, about +79% upside (undervalued).
What is the fair value of OPRA?
Our model-based fair value for Opera Ltd is $26.40 (as of Nov 6, 2026), built from audited fundamentals. The current price: $14.72.
What is the quality score of OPRA?
Opera Ltd has a Quality Score of 75/100. 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 Opera Ltd (OPRA)?
Our model-based price target is the fair value of $26.40 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario $18.09, optimistic scenario $43.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Opera Ltd stock forecast for 2026?
Our models put fair value at $26.40, about +79% upside versus a price of $14.72 (undervalued). Cautious scenario $18.09, optimistic scenario $43.20. The calculation is refreshed regularly with new filings.
What is the revenue of Opera Ltd (OPRA)?
Opera Ltd reported trailing-twelve-month revenue of about $683M (latest available figure, as of Nov 6, 2026).
Does Opera Ltd pay a dividend?
Opera Ltd currently shows a dividend yield of 8.15% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Opera Ltd (OPRA) and when is the ex-dividend date?
Opera Ltd pays a dividend of $1.20 per share a year, a dividend yield of 8.2%. The last ex-dividend date was Jul 7, 2026. The payout ratio is 92.0% of earnings (on adjusted earnings, reported 86.3%). Free cash flow covers the dividend 1.08 times. 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 growth is priced into Opera Ltd (OPRA)?
For today's price to be fair in a discounted-cash-flow model, Opera Ltd would have to grow free cash flow by +1.9 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +30.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of OPRA use?
Our models discount Opera Ltd at 11.8 %: a base by market capitalisation (small), damped by beta 1.20, country premium for USA. 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 Opera Ltd that is +1.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Opera Ltd (OPRA) delivered so far?
Over the past 5 years revenue at Opera Ltd grew +30.2 % a year. The price currently implies free-cash-flow growth of +1.9 % 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 Opera Ltd (OPRA) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Opera Ltd (+1.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Opera Ltd (OPRA)?
The free-cash-flow yield on the price is 8.59 %: that much free cash flow Opera Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Opera Ltd (OPRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Opera Ltd it is $26.40 per share (as of Nov 6, 2026), against a price of $14.72. 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 Opera Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, OPRA trades below its calculated fair value: price $14.72, fair value $26.40, a gap of about +79% (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 OPRA?
No. The price is what the market pays today ($14.72); the fair value is what the company's own numbers justify ($26.40). For Opera Ltd the two are $11.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Opera Ltd worth?
The market values Opera Ltd at about $1.6B (market capitalisation, as of Nov 6, 2026). Per share that is $14.72; our models calculate a fair value of $26.40 per share.
What do the bullish and bearish scenarios say about OPRA?
Our models span a range for Opera Ltd: cautious scenario $18.09, base $26.40, optimistic $43.20 per share (as of Nov 6, 2026, price $14.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OPRA?
Opera Ltd trades at a price-to-earnings ratio of 10.6 (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 $26.40 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 13.1 (reported for FY2025: 12.3). Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings, FY2020, FY2023, FY2025 ex one-offs: 18.0. Other multiples: P/B 1.6, P/S 2.3, EV/EBITDA 11.7.
How solid is the balance sheet of Opera Ltd (OPRA)?
Balance-sheet figures for Opera Ltd (as of Nov 6, 2026): return on equity 12.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is OPRA from its 52-week high?
Opera Ltd trades at $14.72, about 28% below its 52-week high of $20.51 and 27% above the low of $11.56 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $26.40 is for.
Which stocks are comparable to Opera Ltd?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, 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 Opera Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price $14.72, calculated fair value $26.40 (+79%), Quality Score 75/100, 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 OPRA calculated?
We run Opera Ltd 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 $26.40 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 13.0% above its aggregate fair value. Opera Ltd currently trades 44% 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 Opera Ltd (OPRA)?
The closing price on Nov 6, 2026 was $14.72. Our model-based fair value is $26.40, about +79% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Opera Ltd right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($18.09). The market is more pessimistic than our downside scenario. A fairly wide model range ($18.09 to $43.20) leaves room in how you read the outcome.
Key figures of Opera Ltd
How large is the market capitalisation of Opera Ltd (OPRA)?
The market capitalisation of Opera Ltd is $1.6B. 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 Opera Ltd (OPRA)?
The price-to-sales ratio of Opera Ltd is 2.30 (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 Opera Ltd (OPRA)?
Earnings per share at Opera Ltd are $1.39 (price ÷ EPS = P/E 10.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Opera Ltd (OPRA)?
The dividend yield of Opera Ltd is 8.2% (payout 92.0%, on adjusted earnings, reported 86.3%). 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 Opera Ltd (OPRA)?
The net margin of Opera Ltd is 18.6% (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 Opera Ltd (OPRA)?
The return on equity (ROE) of Opera Ltd is 12.9% (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 Opera Ltd (OPRA)?
On an EBIT basis the return on assets of Opera Ltd is 5.9% (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 Opera Ltd (OPRA)?
The operating margin of Opera Ltd is 16.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Opera Ltd (OPRA)?
Revenue at Opera Ltd is growing +24.6% versus a year earlier (3y avg +23.0%). 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 Opera Ltd (OPRA)?
Earnings per share at Opera Ltd are growing +76.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Opera Ltd (OPRA) hold?
Opera Ltd holds more cash than debt, $143M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026