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Veidekke ASA (0GF6) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Veidekke ASA NOK 67.04, price NOK 214, upside -68.6%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Industrials · GB · Home Norway · ISIN NO0005806802

VA Some data Sep 24, 2026

Veidekke ASA

0GF6 · LSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value kr 67.04 · Strongly overvalued (−68.6%)
✓Quality 61/100
!Mixed Growth (revenue YoY +9.0 %/yr)
!Thin margins · 3.6% net margin (TTM)
✓Low debt
!5.3% dividend yield · Payout strained
!Moderate moat 45/100
!Evidence only medium, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 217.25 kr 63.25 Fair Value kr 67.04 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 63.25 – kr 217.25 · fair‑value band kr 46.93 – kr 87.15 · the kr 213.75 price screens above the kr 67.04 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. It operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann segments.

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Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. It operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann segments. The company engages in construction of commercial buildings such as offices, hotels, warehouses and other logistics buildings for the private sector, as well as schools, healthcare facilities and other public buildings; infrastructure operations of public transport projects such as roads, railways and airports, power generation facilities, water supply and sewerage, foundations, road maintenance, asphalting, deliveries of aggregates, and landfill services; and renovation of public, commercial and residential buildings. It also offers asphalt products, including environmental, low-temperature, and colored asphalt. The company was founded in 1936 and is headquartered in Oslo, Norway.

Stock analysis

Veidekke ASA (0GF6) currently trades at kr 213.75, while our model-based Fair Value estimate is kr 67.04, 68.6% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of kr 103.03 per share, and 0 of the 23 models we run sit above the kr 213.75 price.

Bear case: the Asset-Based group reads lowest at kr 20.12, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.

Scenario range: kr 46.93 (bear) to kr 87.15 (bull), the price of kr 213.75 sits above 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 Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Veidekke ASA reported revenue of 34.0B NOK in FY2018 versus 28.6B NOK in FY2016, a compound +9.0%/yr. Reported net income was 540M NOK in FY2018, compounding −22.0%/yr from FY2016.

Key figures

Market cap 12.7B NOK (≈ $1.3B) · P/E ratio 0.1 · EPS (TTM) kr 6.69 · Dividend yield 5.3% · Net margin 1.6% · Return on equity 47.5% · Return on assets (EBIT) 4.9% · Operating margin 0.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 2% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −69%, 0GF6 screens richer than that median.

Fair Value models

Bear kr 46.93 Fair Value kr 67.04 Bull kr 87.15
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF kr 92.35 kr 149.32 kr 230.24 71
Growth DCF kr 91.99 kr 144.48 kr 215.72 70
Residual Income kr 27.49 kr 31.56 kr 39.30 69
All 23 models by family
DCF Models
FCF DCF kr 92.35 kr 149.32 kr 230.24 71
5Y Revenue Exit kr 34.04 kr 45.95 kr 58.89 67
5Y EBITDA Exit kr 58.18 kr 93.08 kr 133.62 67
5Y P/E Exit kr 63.27 kr 103.03 kr 145.43 63
10Y Revenue Exit kr 56.10 kr 73.18 kr 93.37 61
10Y EBITDA Exit kr 70.70 kr 103.80 kr 147.63 62
10Y P/E Exit kr 73.72 kr 110.26 kr 156.21 58
Earnings-Based
Graham-Dodd kr 27.86 kr 105.91 kr 143.40 58
Lynch FV kr 25.72 kr 36.75 kr 47.77 55
PEG = 1.0 kr 25.72 kr 36.75 kr 47.77 52
Dividend Discount
Gordon GGM kr 39.37 kr 70.95 kr 97.67 61
DDM Multi-Stage kr 39.37 kr 64.81 kr 75.79 61
Multiples
P/E Multiple kr 64.52 kr 86.03 kr 107.53 63
P/S Multiple kr 52.23 kr 69.64 kr 87.05 58
P/B Multiple kr 52.23 kr 69.64 kr 87.05 55
EV/EBIT kr 1.90 kr 6.84 kr 11.77 60
EV/EBITDA kr 42.36 kr 60.77 kr 79.19 67
EV/Revenue n/a kr 2.19 kr 6.72 50
Asset-Based
NCAV (Graham) kr 15.01 kr 20.12 kr 30.03 54
Growth DCF
Growth DCF kr 91.99 kr 144.48 kr 215.72 70
Rev-Margin DCF kr 34.04 kr 47.80 kr 65.14 66
Economic Profit
Residual Income kr 27.49 kr 31.56 kr 39.30 69
Growth Earnings
Growth-Adj P/E kr 46.93 kr 67.04 kr 87.15 61

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Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 79

Profitability 61
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)

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Revenue & earnings trend

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. 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0GF6 screens overvalued: fair value 69% below the price. Compare with BAJAJST →

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Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

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SEALMATIC SEALMATIC ₹400.00 ₹86.20 −78%
BIRLAPREC BIRLAPREC ₹56.22 ₹20.03 −64%
Stovec Industries Limited 504959 ₹1,602 ₹431.70 −73%
DHINDIA DHINDIA ₹208.90 ₹247.77 +19%
UVDRHOR UVDRHOR ₹36.50 ₹15.93 −56%
BRADYM BRADYM ₹656.50 ₹331.28 −50%
EXPOGAS EXPOGAS ₹89.50 ₹37.65 −58%
CENLUB CENLUB ₹177.75 ₹288.04 +62%
ITL ITL ₹359.80 ₹221.94 −38%

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Cite: Fair Value Calculator (2026). "Veidekke ASA Fair Value". https://www.fairvalue-calculator.com/stock/0GF6

Frequently asked questions

Is Veidekke ASA (0GF6) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 67.04 versus a price of kr 213.75, about −69% upside (overvalued).
What is the fair value of 0GF6?
Our model-based fair value for Veidekke ASA is kr 67.04 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 213.75.
What is the quality score of 0GF6?
Veidekke 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 Veidekke ASA (0GF6)?
Our model-based price target is the fair value of kr 67.04 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario kr 46.93, optimistic scenario kr 87.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Veidekke ASA stock forecast for 2026?
Our models put fair value at kr 67.04, about −69% upside versus a price of kr 213.75 (overvalued). Cautious scenario kr 46.93, optimistic scenario kr 87.15. The calculation is refreshed regularly with new filings.
What is the revenue of Veidekke ASA (0GF6)?
Veidekke ASA reported trailing-twelve-month revenue of about 43.8B NOK (latest available figure, as of Sep 24, 2026).
Does Veidekke ASA pay a dividend?
Veidekke ASA currently shows a dividend yield of about 5.26% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Veidekke ASA (0GF6)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Veidekke ASA it is kr 67.04 per share (as of Sep 24, 2026), against a price of kr 213.75. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Veidekke ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0GF6 trades above its calculated fair value: price kr 213.75, fair value kr 67.04, a gap of about −69% (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 0GF6?
No. The price is what the market pays today (kr 213.75); the fair value is what the company's own numbers justify (kr 67.04). For Veidekke ASA the two are kr 146.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Veidekke ASA worth?
The market values Veidekke ASA at about 12.7B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 213.75; our models calculate a fair value of kr 67.04 per share.
What do the bullish and bearish scenarios say about 0GF6?
Our models span a range for Veidekke ASA: cautious scenario kr 46.93, base kr 67.04, optimistic kr 87.15 per share (as of Sep 24, 2026, price kr 213.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0GF6 from its 52-week high?
Veidekke ASA trades at kr 213.75, about 2% below its 52-week high of kr 217.25 and 48% above the low of kr 144.08 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 67.04 is for.
Which stocks are comparable to Veidekke ASA?
From the same area (Industrials) we also value BAJAJST, SEALMATIC, BIRLAPREC, Stovec Industries Limited, 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 Veidekke ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 213.75, calculated fair value kr 67.04 (−69%), Quality Score 61/100, from 23 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 0GF6 calculated?
We run Veidekke ASA through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 67.04, 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 14.5 % above its aggregate fair value. Veidekke 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 Veidekke ASA (0GF6)?
The closing price on Oct 2, 2026 was kr 213.75. Our model-based fair value is kr 67.04, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veidekke ASA right now?
The price sits above even our optimistic bull case (kr 87.15). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 46.93 to kr 87.15) leaves room in how you read the outcome.

Key figures of Veidekke ASA

How large is the market capitalisation of Veidekke ASA (0GF6)?
The market capitalisation of Veidekke ASA is 12.7B NOK (≈ $1.3B). 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/E ratio of Veidekke ASA (0GF6)?
The price-to-earnings ratio of Veidekke ASA is 0.1 (as of Jul 24, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What are the earnings per share of Veidekke ASA (0GF6)?
Earnings per share at Veidekke ASA are kr 6.69 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Veidekke ASA (0GF6)?
The dividend yield of Veidekke ASA is 5.3% (payout 168%). 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 Veidekke ASA (0GF6)?
The net margin of Veidekke ASA is 1.6% (fiscal year 2018). 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 Veidekke ASA (0GF6)?
The return on equity (ROE) of Veidekke ASA is 47.5% (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 Veidekke ASA (0GF6)?
On an EBIT basis the return on assets of Veidekke ASA is 4.9% (avg 3y). 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 Veidekke ASA (0GF6)?
The operating margin of Veidekke ASA is 0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Veidekke ASA (0GF6)?
Revenue at Veidekke ASA is growing +6.8% 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 Veidekke ASA (0GF6)?
Earnings per share at Veidekke ASA are growing +48.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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