Saga Pure ASA (SAGA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Saga Pure ASA stock NOK 1.27, price NOK 1.49, that is 15.0% below the price, quality 61 out of 100. Rating: 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 6, 2026.
How to read this chart
60‑month range kr 1.18 – kr 3.26 · fair‑value band kr 0.9520 – kr 1.59 · the kr 1.49 price screens above the kr 1.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Saga Pure in your weekly email
Every Wednesday you see whether Saga Pure 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.
Saga Pure ASA, an investment company, engages in the investment and management related to industry, energy, and real estate. The company offers business activities, such as investment, management, operation, consultancy, ownership, and other services in other businesses.
Show moreShow less
The company was formerly known as Saga Tankers ASA and changed its name to Saga Pure ASA in November 2020. Saga Pure ASA was incorporated in 2010 and is headquartered in Oslo, Norway.
Stock analysis
Saga Pure ASA (SAGA) currently trades at kr 1.49, while our model-based Fair Value estimate is kr 1.27, 15% below the price, so the stock looks overvalued today.
Show more
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 0.9520 (bear) to kr 1.59 (bull), the price of kr 1.49 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 61/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Saga Pure ASA reported revenue of 9.3M NOK in FY2025 versus 136M NOK in FY2021, a compound −48.9%/yr. Reported net income was 8.3M NOK in FY2025, compounding −56.6%/yr from FY2021.
Key figures
Market cap 1.0B NOK (≈ $107M) Micro · P/E ratio 13.5 · P/S ratio 12.5 · EPS (TTM) kr 0.1100 · Net margin 82.1% · Return on equity 6.7% · Return on assets (EBIT) −1.2% (5-year average) · Operating margin 88.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 12% 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 −15%, SAGA screens cheaper than that median.
Fair Value models
Bearkr 0.9520Fair Value kr 1.27Bullkr 1.59
Price kr 1.49 · Downside -15.0%
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 0.0943 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
P/B Multiplekr 1.12kr 1.49kr 1.8755
NCAV (Graham)kr 0.2900kr 0.4300kr 0.540055
All 2 models by family
Multiples
P/B Multiplekr 1.12kr 1.49kr 1.8755
Asset-Based
NCAV (Graham)kr 0.2900kr 0.4300kr 0.540055
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.40/100
Revenue growth is weak, negative or inconsistent.
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.
−44.4%
Start year 2020 (pandemic). Over 10 years: −7.4% a year
Revenue growth 15 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.
−19.5%
’10
’11
’12
’13
’14
’15
’16
’17
’19
’20
’21
’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.
−51.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−51.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−51.7% vs −14.4%, slowing
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.89% → −130%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Asset Management · 587 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−15.0% · Below median
Profitability
Return on equity (12 months)6.7% · Below median
Return on assets0.7% · Below median
Net margin (12 months)82.1% · Top 25%
Operating margin (12 months)88.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−13.8% · Bottom 25%
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). "Saga Pure ASA Fair Value". https://www.fairvalue-calculator.com/stock/SAGA
Frequently asked questions
Is Saga Pure ASA (SAGA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 1.27 versus a price of kr 1.49, about 15% lower (overvalued).
What is the fair value of SAGA?
Our model-based fair value for Saga Pure ASA is kr 1.27 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 1.49.
What is the quality score of SAGA?
Saga Pure ASA has a Quality Score of 61/100. 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 Saga Pure ASA (SAGA)?
Our model-based price target is the fair value of kr 1.27 (as of Nov 6, 2026) from 2 valuation models. Cautious scenario kr 0.9520, optimistic scenario kr 1.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Saga Pure ASA stock forecast for 2026?
Our models put fair value at kr 1.27, about 15% lower versus a price of kr 1.49 (overvalued). Cautious scenario kr 0.9520, optimistic scenario kr 1.59. The calculation is refreshed regularly with new filings.
What growth is priced into Saga Pure ASA (SAGA)?
For today's price to be fair in a discounted-cash-flow model, Saga Pure ASA would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -44.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of SAGA use?
Our models discount Saga Pure ASA at 11.1 %: a base by market capitalisation (micro), damped by beta 0.56, country premium for Norway. 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 Saga Pure ASA that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Saga Pure ASA (SAGA) delivered so far?
Over the past 5 years revenue at Saga Pure ASA grew -44.4 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Saga Pure ASA (SAGA) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Saga Pure ASA (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Saga Pure ASA (SAGA)?
The free-cash-flow yield on the price is 16.16 %: that much free cash flow Saga Pure ASA produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Saga Pure ASA (SAGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saga Pure ASA it is kr 1.27 per share (as of Nov 6, 2026), against a price of kr 1.49. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Saga Pure ASA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SAGA trades above its calculated fair value: price kr 1.49, fair value kr 1.27, a gap of about −15% (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 SAGA?
No. The price is what the market pays today (kr 1.49); the fair value is what the company's own numbers justify (kr 1.27). For Saga Pure ASA the two are kr 0.2235 per share apart. That gap is exactly why we show both numbers side by side.
How much is Saga Pure ASA worth?
The market values Saga Pure ASA at about 1.0B NOK (market capitalisation, as of Nov 6, 2026). Per share that is kr 1.49; our models calculate a fair value of kr 1.27 per share.
What do the bullish and bearish scenarios say about SAGA?
Our models span a range for Saga Pure ASA: cautious scenario kr 0.9520, base kr 1.27, optimistic kr 1.59 per share (as of Nov 6, 2026, price kr 1.49). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAGA?
Saga Pure ASA trades at a price-to-earnings ratio of 13.5 (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 1.27 is built from several models across several years. Other multiples: P/B 0.9, P/S 12.5, EV/EBITDA 11.4.
How solid is the balance sheet of Saga Pure ASA (SAGA)?
Balance-sheet figures for Saga Pure ASA (as of Nov 6, 2026): return on equity 6.7%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is SAGA from its 52-week high?
Saga Pure ASA trades at kr 1.49, about 12% below its 52-week high of kr 1.70 and 12% above the low of kr 1.33 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.27 is for.
Which stocks are comparable to Saga Pure 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 Saga Pure ASA stock attractive at the current price?
The data as of Nov 6, 2026: price kr 1.49, calculated fair value kr 1.27 (−15%), Quality Score 61/100, 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 SAGA calculated?
We run Saga Pure ASA through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 1.27 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. Saga Pure 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 Saga Pure ASA (SAGA)?
The closing price on Nov 6, 2026 was kr 1.49. Our model-based fair value is kr 1.27, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saga Pure ASA right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. 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 Saga Pure ASA
How large is the market capitalisation of Saga Pure ASA (SAGA)?
The market capitalisation of Saga Pure ASA is 1.0B NOK (≈ $107M). 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 Saga Pure ASA (SAGA)?
The price-to-sales ratio of Saga Pure ASA is 12.5 (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 Saga Pure ASA (SAGA)?
Earnings per share at Saga Pure ASA are kr 0.1100 (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Saga Pure ASA (SAGA)?
The net margin of Saga Pure ASA is 82.1% (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 Saga Pure ASA (SAGA)?
The return on equity (ROE) of Saga Pure ASA is 6.7% (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 Saga Pure ASA (SAGA)?
On an EBIT basis the return on assets of Saga Pure ASA is −1.2% (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 Saga Pure ASA (SAGA)?
The operating margin of Saga Pure ASA is 88.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saga Pure ASA (SAGA)?
Revenue at Saga Pure ASA is growing −13.8% 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 Saga Pure ASA (SAGA)?
Earnings per share at Saga Pure ASA are growing −44.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Saga Pure ASA (SAGA) hold?
Saga Pure ASA holds more cash than debt, 644M NOK net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Saga Pure ASA in the live analysis
One click puts Saga Pure 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