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Tomra Systems ASA (0KV7) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Tomra Systems ASA NOK 52.40, price NOK 91.50, upside -42.7%, quality 65 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
  3. Add to watchlist

Industrials · GB · Home Norway · ISIN NO0012470089

TS Thin data Sep 23, 2026

Tomra Systems ASA

0KV7 · LSE

Stretched ValuationQuality growthStrong overvaluation with only moderate quality.

!Fair value kr 52.40 · Strongly overvalued (−42.7%)
✓Quality 65/100
!Mixed Growth (revenue 3y +10.2 %/yr)
!Thin margins · 5.8% net margin (TTM)
✓Low debt
·8.9% dividend yield · Safety not assessed
!Moderate moat 55/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

kr 296.82 kr 79.56 Fair Value kr 52.40 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range kr 79.56 – kr 296.82 · fair‑value band kr 35.04 – kr 65.52 · the kr 91.50 price screens above the kr 52.40 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through four segments: TOMRA Collection, TOMRA Recycling, TOMRA Food, and TOMRA Horizon.

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Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through four segments: TOMRA Collection, TOMRA Recycling, TOMRA Food, and TOMRA Horizon. The company provides reverse vending machines and related data management systems; and provides pick-up, transportation, and processing services of empty beverage containers on behalf of beverage producers/fillers. It also develops, produces, sale, and service sorting and processing technology for waste management companies or plant builders; and provides sorting systems for waste and metal material streams, as well as ore sorting sensors for mining companies. In addition, the company provides post-harvest food solutions for fresh and processed food industries. The company was founded in 1972 and is headquartered in Asker, Norway.

Stock analysis

Tomra Systems ASA (0KV7) currently trades at kr 91.50, while our model-based Fair Value estimate is kr 52.40, 42.7% 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 27.58 per share, and 0 of the 25 models we run sit above the kr 91.50 price.

Bear case: the Asset-Based group reads lowest at kr 5.25, and 25 of the 25 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 35.04 (bear) to kr 65.52 (bull), the price of kr 91.50 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 65/100 (solid quality), in the Industrials sector.

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

Tomra Systems ASA reported revenue of 9.9B NOK in FY2020 versus 6.6B NOK in FY2016, a compound +10.7%/yr. Reported net income was 775M NOK in FY2020, compounding +2.9%/yr from FY2016.

Key figures

Market cap 63.3B NOK (≈ $6.6B) · P/S ratio 44.4 · Dividend yield 8.9% · Net margin 7.8% · Return on equity 14.8% · Return on assets (EBIT) 11.7% · Operating margin 12.1% · Revenue growth (YoY) +24.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).

What moves the price

The share trades about 39% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −43%, 0KV7 screens richer than that median.

Fair Value models

Bear kr 35.04 Fair Value kr 52.40 Bull kr 65.52
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 17.81 kr 30.07 kr 49.30 75
EPV kr 11.41 kr 13.41 kr 15.14 74
Growth DCF kr 17.85 kr 29.48 kr 47.30 73
All 25 models by family
DCF Models
FCF DCF kr 17.81 kr 30.07 kr 49.30 75
5Y Revenue Exit kr 16.15 kr 27.58 kr 42.58 68
5Y EBITDA Exit kr 22.58 kr 40.23 kr 61.64 70
5Y P/E Exit kr 15.75 kr 26.80 kr 38.83 67
10Y Revenue Exit kr 16.03 kr 26.70 kr 41.94 62
10Y EBITDA Exit kr 20.65 kr 35.52 kr 56.83 64
10Y P/E Exit kr 16.30 kr 26.16 kr 39.01 60
Earnings-Based
Graham-Dodd kr 7.61 kr 29.56 kr 40.09 61
Lynch FV kr 7.25 kr 10.36 kr 13.46 58
PEG = 1.0 kr 7.25 kr 10.36 kr 13.46 55
EPV kr 11.41 kr 13.41 kr 15.14 74
Dividend Discount
Gordon GGM kr 6.19 kr 12.33 kr 18.66 64
DDM Multi-Stage kr 6.19 kr 10.65 kr 13.01 64
Multiples
P/E Multiple kr 17.64 kr 23.51 kr 29.39 63
P/S Multiple kr 14.28 kr 19.04 kr 23.79 58
P/B Multiple kr 14.28 kr 19.04 kr 23.79 55
EV/EBIT kr 22.66 kr 30.65 kr 38.63 66
EV/EBITDA kr 27.93 kr 37.68 kr 47.42 67
EV/Revenue kr 15.81 kr 23.13 kr 30.46 53
Asset-Based
NCAV (Graham) kr 3.92 kr 5.25 kr 7.84 54
Growth DCF
Growth DCF kr 17.85 kr 29.48 kr 47.30 73
Rev-Margin DCF kr 16.15 kr 27.47 kr 41.33 68
Economic Profit
Residual Income kr 7.60 kr 9.24 kr 12.56 73
ROIC Compounder kr 12.44 kr 16.61 kr 21.96 69
Growth Earnings
Growth-Adj P/E kr 13.02 kr 18.60 kr 24.18 65

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Quality Score breakdown

Overall quality 65/100

Of which business quality 63 · Market factors (momentum, volatility) 23

Profitability 62
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 1
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. 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.4%
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.
+10.2%
Profit margin (trend) ⓘ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.
14.9% (2016) → 13.1% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0KV7 screens overvalued: fair value 43% below the price. Compare with Waste Management, Inc →

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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.Waste Management · 157 stocks

Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 65 · Top 25%
Profitability
Return on equity (TTM) 14.8% · Top 25%
Return on assets 5.6% · Top 25%
Net margin (TTM) 5.8% · Below median
Operating margin (TTM) 12.1% · Above median
Growth and dividend
Revenue growth 24.6% · Top 25%
Dividend yield (TTM) 8.9% · Top 25%
Balance sheet
Debt / equity 0.26× · Below median

Valuation Multiplesvs Waste Management median · lower = cheaper

P/B 1.25× · Cheaper than median
P/S (TTM) 4.77× · Priciest 25%
EV/EBITDA 34.7× · Priciest 25%

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

10 more Waste Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $203.92 $224.31 +10%
Republic Services, Inc RSG $211.92 $128.63 −39%
Waste Connections, Inc WCN $150.66 $165.73 +10%
Veolia Environnement SA VIE €30.73 €20.32 −34%
Clean Harbors, Inc CLH $313.04 $155.54 −50%
GFL Environmental Inc GFL $40.43 $34.29 −15%
Umicore SA UMI €21.40 €25.28 +18%
Fomento de Construcciones y Contratas, S.A FCC €10.72 €7.30 −32%
Casella Waste Systems, Inc CWST $82.24 $14.82 −82%
GEM Co 002340 ¥6.12 ¥5.27 −14%

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Tomra Systems ASA · Fair Value
kr 52.40 −43%Fair Value
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Cite: Fair Value Calculator (2026). "Tomra Systems ASA Fair Value". https://www.fairvalue-calculator.com/stock/0KV7

Frequently asked questions

Is Tomra Systems ASA (0KV7) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 52.40 versus a price of kr 91.50, about −43% upside (overvalued).
What is the fair value of 0KV7?
Our model-based fair value for Tomra Systems ASA is kr 52.40 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 91.50.
What is the quality score of 0KV7?
Tomra Systems ASA has a Quality Score of 65/100. 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 Tomra Systems ASA (0KV7)?
Our model-based price target is the fair value of kr 52.40 (as of Sep 23, 2026) from 25 valuation models. Cautious scenario kr 35.04, optimistic scenario kr 65.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Tomra Systems ASA stock forecast for 2026?
Our models put fair value at kr 52.40, about −43% upside versus a price of kr 91.50 (overvalued). Cautious scenario kr 35.04, optimistic scenario kr 65.52. The calculation is refreshed regularly with new filings.
Does Tomra Systems ASA pay a dividend?
Tomra Systems ASA currently shows a dividend yield of about 8.85% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Tomra Systems ASA (0KV7)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tomra Systems ASA it is kr 52.40 per share (as of Sep 23, 2026), against a price of kr 91.50. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Tomra Systems ASA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0KV7 trades above its calculated fair value: price kr 91.50, fair value kr 52.40, a gap of about −43% (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 0KV7?
No. The price is what the market pays today (kr 91.50); the fair value is what the company's own numbers justify (kr 52.40). For Tomra Systems ASA the two are kr 39.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tomra Systems ASA worth?
The market values Tomra Systems ASA at about 63.3B NOK (market capitalisation, as of Sep 23, 2026). Per share that is kr 91.50; our models calculate a fair value of kr 52.40 per share.
What do the bullish and bearish scenarios say about 0KV7?
Our models span a range for Tomra Systems ASA: cautious scenario kr 35.04, base kr 52.40, optimistic kr 65.52 per share (as of Sep 23, 2026, price kr 91.50). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tomra Systems ASA (0KV7)?
Balance-sheet figures for Tomra Systems ASA (as of Sep 23, 2026): return on equity 14.8%, debt of 0.26 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 0KV7 from its 52-week high?
Tomra Systems ASA trades at kr 91.50, about 39% below its 52-week high of kr 150.76 and 1% above the low of kr 90.74 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 52.40 is for.
Which stocks are comparable to Tomra Systems ASA?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Tomra Systems ASA stock attractive at the current price?
The data as of Sep 23, 2026: price kr 91.50, calculated fair value kr 52.40 (−43%), Quality Score 65/100, from 25 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 0KV7 calculated?
We run Tomra Systems ASA through 25 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 52.40, 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. Tomra Systems 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 Tomra Systems ASA (0KV7)?
The closing price on Oct 2, 2026 was kr 91.50. Our model-based fair value is kr 52.40, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tomra Systems ASA right now?
The price sits above even our optimistic bull case (kr 65.52). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 35.04 to kr 65.52) leaves room in how you read the outcome.

Key figures of Tomra Systems ASA

How large is the market capitalisation of Tomra Systems ASA (0KV7)?
The market capitalisation of Tomra Systems ASA is 63.3B NOK (≈ $6.6B). 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 Tomra Systems ASA (0KV7)?
The price-to-sales ratio of Tomra Systems ASA is 44.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Tomra Systems ASA (0KV7)?
The dividend yield of Tomra Systems ASA is 8.9%. 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 Tomra Systems ASA (0KV7)?
The net margin of Tomra Systems ASA is 7.8% (fiscal year 2020). 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 Tomra Systems ASA (0KV7)?
The return on equity (ROE) of Tomra Systems ASA is 14.8% (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 Tomra Systems ASA (0KV7)?
On an EBIT basis the return on assets of Tomra Systems ASA is 11.7% (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 Tomra Systems ASA (0KV7)?
The operating margin of Tomra Systems ASA is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tomra Systems ASA (0KV7)?
Revenue at Tomra Systems ASA is growing +24.6% versus a year earlier (3y avg +10.2%). 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 Tomra Systems ASA (0KV7)?
Earnings per share at Tomra Systems ASA are growing −0.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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