Both stocks run through our valuation models. Here is how Var Energi ASA (VAR) and Cnooc (0883) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Var Energi ASA trades at NOK 47.60 versus a fair value of NOK 6.82 (-86%), while Cnooc trades at HK$23.86 versus HK$26.50 (+11%).
Var Energi ASA
VAR.OL · NOK · Energy
-86%
upside to fair value
overvalued
PriceNOK 47.60
Fair ValueNOK 6.82
Quality58/100
Cnooc
0883.HK · HKD · Energy
+11%
upside to fair value
undervalued
PriceHK$23.86
Fair ValueHK$26.50
Quality63/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Var Energi ASACnooc
Valuation
16.0×P/E (TTM)7.7×
1.30×P/S (TTM)2.67×
20.32×P/B1.35×
2.3×EV/EBITDA4.3×
—PEG0.16×
0.9%Dividend yield5.0%
NOK 0.37Dividend per shareHK$1.15
Profitability
9%Net margin31%
49%Operating margin45%
97%Return on equity15%
11%Return on assets9%
Growth
45%Revenue growth (YoY)9%
-6.1%Avg. growth/yr (3Y)-3.7%
23.1%Avg. growth/yr (5Y)20.0%
Balance & size
10.43×Debt / equity0.07×
$11BMarket cap$139B
expensiveGrowth qualityexpensive
Var Energi ASA leads: 7 to 6 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.
Var Energi ASAof which business quality 55 · market factors 82Cnoocof which business quality 64 · market factors 63
ProfitabilityMargins and returns on capital today
49
55
Quality GrowthAre margins and returns improving?
60
36
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
47
40
Low VolatilityCalm price path (market factor)
75
83
MomentumPrice trend over the last 3–12 months (market factor)
79
50
52W MomentumDistance to the 52-week high (market factor)
94
62
Net IssuanceBuybacks instead of dilution
82
79
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.
Var Energi ASA
DCF ModelsNOK 8.14
Earnings-BasedNOK 6.39
Dividend DiscountNOK 8.25
MultiplesNOK 4.32
Asset-BasedNOK 0.15
Growth DCFNOK 11.39
Economic ProfitNOK 5.78
Growth EarningsNOK 6.82
26 of 26 models see the stock below the current price.
Cnooc
DCF ModelsHK$41.36
Earnings-BasedHK$27.87
Dividend DiscountHK$25.25
MultiplesHK$33.44
Asset-BasedHK$12.08
Growth DCFHK$33.29
Economic ProfitHK$32.53
Growth EarningsHK$33.61
9 of 26 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.
Var Energi ASA
Bear NOK 3.86Fair Value NOK 6.82Bull NOK 8.41
NOK 47.60 = current price (white tick)
Cnooc
Bear HK$19.91Fair Value HK$26.50Bull HK$33.92
HK$23.86 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Free, no sign-up
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Var Energi ASA · Energy
Quality score58 · above median
Fair value upside-86% · bottom 25%
Cnooc · Energy
Quality score63 · Top 25%
Fair value upside+11% · above median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Var Energi ASA trades at NOK 47.60 versus a fair value of NOK 6.82 (-86%), while Cnooc trades at HK$23.86 versus HK$26.50 (+11%).
Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.
A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
