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STOCK COMPARISON

Equinor ASA vs Exxon Mobil: Fair Value & Quality

Both stocks run through our valuation models. Here is how Equinor ASA (EQNR) and Exxon Mobil (XOM) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees Equinor ASA as the less overvalued of the two: Equinor ASA trades at $40.54 versus a fair value of $34.53 (-15%), while Exxon Mobil trades at $159 versus $88.98 (-44%).
Equinor ASA
EQNR · USD · Energy
-15%
upside to fair value
overvalued
Price$40.54
Fair Value$34.53
Quality61/100
Exxon Mobil
XOM · USD · Energy
-44%
upside to fair value
overvalued
Price$159
Fair Value$88.98
Quality56/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Equinor ASAExxon Mobil
Valuation
18.3×P/E (TTM)24.6×
0.77×P/S (TTM)1.86×
1.99×P/B2.34×
2.8×EV/EBITDA11.3×
0.72×PEG1.20×
4.4%Dividend yield2.8%
$1.52Dividend per share$4.04
Profitability
5%Net margin8%
31%Operating margin6%
12%Return on equity10%
12%Return on assets4%
Growth
-5%Revenue growth (YoY)3%
-10.7%Avg. growth/yr (3Y)-6.7%
18.3%Avg. growth/yr (5Y)12.6%
Balance & size
0.59×Debt / equity0.13×
$81BMarket cap$606B
healthyGrowth qualitymixed

Equinor ASA leads: 10 to 4 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Equinor ASAof which business quality 57 · market factors 84 Exxon Mobilof which business quality 57 · market factors 75
ProfitabilityMargins and returns on capital today
43
43
Quality GrowthAre margins and returns improving?
22
33
CashflowEarnings quality: real cash, not paper profit
51
51
Fin. StrengthBalance sheet, leverage, solvency risk
59
77
InvestmentDisciplined investing over empire-building
79
60
Low VolatilityCalm price path (market factor)
74
89
MomentumPrice trend over the last 3–12 months (market factor)
84
60
52W MomentumDistance to the 52-week high (market factor)
94
85
Net IssuanceBuybacks instead of dilution
100
77

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Equinor ASA

DCF Models$38.01
Earnings-Based$25.26
Dividend Discount$32.40
Multiples$39.08
Asset-Based$10.88
Growth DCF$37.68
Economic Profit$39.67
Growth Earnings$25.55

16 of 25 models see the stock below the current price.

Exxon Mobil

DCF Models$83.38
Earnings-Based$76.97
Multiples$90.93
Asset-Based$41.93
Growth DCF$86.16
Economic Profit$62.60
Growth Earnings$77.86

22 of 22 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Equinor ASA
Bear $20.41Fair Value $34.53Bull $43.17
$40.54 = current price (white tick)
Exxon Mobil
Bear $59.15Fair Value $88.98Bull $117
$159 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Equinor ASA · Energy

Quality score61 · Top 25%
Fair value upside-15% · above median

Exxon Mobil · Energy

Quality score56 · above median
Fair value upside-44% · below median

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees Equinor ASA as the less overvalued of the two: Equinor ASA trades at $40.54 versus a fair value of $34.53 (-15%), while Exxon Mobil trades at $159 versus $88.98 (-44%).

Equinor ASA has the higher quality score (61/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.