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Ørsted A/S (0RHE) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Ørsted A/S DKK 80.63, price DKK 137, upside -41.3%, quality 48 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? No
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Industrials · GB · Home Denmark · ISIN DK0060094928

ØA Some data Sep 28, 2026

Ørsted A/S

0RHE · LSE

Weakest SetupStrongly overvalued and low quality.

!Fair value kr 80.63 · Strongly overvalued (−41.3%)
!Quality 48/100
!Mixed Growth (revenue YoY +54.9 %/yr)
!Thin margins · 0.2% net margin (TTM)
✓Low debt
!Narrow moat 44/100
!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 560.42 kr 104.28 Fair Value kr 80.63 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.

How to read this chart

60‑month range kr 104.28 – kr 560.42 · fair‑value band kr 50.63 – kr 111.35 · the kr 137.40 price screens above the kr 80.63 fair value. Dashed = 300-day average. As of Sep 28, 2026.

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Company profile

Ørsted A/S, together with its subsidiaries, owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.

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Ørsted A/S, together with its subsidiaries, owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants. It operates through Offshore, Onshore, and Bioenergy & Other segments. The Offshore segment owns, develops, constructs, and operates offshore wind farms in Europe, the United States, and the Asia-Pacific region. The Onshore segment owns, develops, constructs, and operates onshore wind and solar farms in the United States, including integrated storage. The Bioenergy & Other segment generates heat and power and offers ancillary services from CHP plants in Denmark; and optimizes its gas portfolio, as well as manages its Danish and Swedish B2B business. The company was formerly known as DONG Energy A/S and changed its name to Ørsted A/S in November 2017. Ørsted A/S was incorporated in 1972 and is based in Fredericia, Denmark.

Stock analysis

Ørsted A/S (0RHE) currently trades at kr 137.40, while our model-based Fair Value estimate is kr 80.63, 41.3% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of kr 80.63 per share, and 0 of the 25 models we run sit above the kr 137.40 price.

Bear case: the Asset-Based group reads lowest at kr 22.52, and 25 of the 25 models stay below the price. Evidence for this calculation is medium.

Scenario range: kr 50.63 (bear) to kr 111.35 (bull), the price of kr 137.40 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 48/100 (below-average quality), in the Industrials sector.

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

Ørsted A/S reported revenue of 77.7B DKK in FY2021 versus 59.7B DKK in FY2017, a compound +6.8%/yr. Reported net income was 11.0B DKK in FY2021, compounding −13.3%/yr from FY2017.

Key figures

Market cap 336B DKK (≈ $50.6B) · P/E ratio 0.2 · P/S ratio 0.03 · EPS (TTM) kr 34.74 · Net margin 14.1% · Return on equity 0.7% · Return on assets (EBIT) 9.0% · Operating margin 25.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 19% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at −41%, 0RHE screens richer than that median.

Fair Value models

Bear kr 50.63 Fair Value kr 80.63 Bull kr 111.35
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 47.21 kr 74.75 kr 115.63 75
EPV kr 43.27 kr 51.62 kr 58.92 74
Growth DCF kr 48.41 kr 73.26 kr 108.18 74
All 25 models by family
DCF Models
FCF DCF kr 47.21 kr 74.75 kr 115.63 75
5Y Revenue Exit kr 36.83 kr 59.27 kr 87.19 69
5Y EBITDA Exit kr 69.78 kr 119.65 kr 176.98 71
5Y P/E Exit kr 52.68 kr 88.32 kr 124.88 67
10Y Revenue Exit kr 38.95 kr 60.08 kr 87.07 63
10Y EBITDA Exit kr 60.97 kr 101.54 kr 154.32 64
10Y P/E Exit kr 50.16 kr 80.03 kr 115.30 60
Earnings-Based
Graham-Dodd kr 30.54 kr 85.44 kr 112.37 62
Lynch FV kr 17.23 kr 24.61 kr 31.99 58
PEG = 1.0 kr 17.23 kr 24.61 kr 31.99 55
EPV kr 43.27 kr 51.62 kr 58.92 74
Dividend Discount
Gordon GGM kr 21.74 kr 45.21 kr 71.72 63
DDM Multi-Stage kr 21.74 kr 34.37 kr 47.45 63
Multiples
P/E Multiple kr 70.73 kr 94.30 kr 117.88 63
P/S Multiple kr 47.73 kr 63.64 kr 79.55 58
P/B Multiple kr 57.25 kr 76.34 kr 95.42 55
EV/EBIT kr 73.88 kr 100.79 kr 127.69 66
EV/EBITDA kr 93.85 kr 127.41 kr 160.97 67
EV/Revenue kr 33.26 kr 50.45 kr 67.63 53
Asset-Based
NCAV (Graham) kr 16.81 kr 22.52 kr 33.61 54
Growth DCF
Growth DCF kr 48.41 kr 73.26 kr 108.18 74
Rev-Margin DCF kr 36.83 kr 59.73 kr 85.46 69
Economic Profit
Residual Income kr 32.34 kr 39.13 kr 53.81 73
ROIC Compounder kr 45.13 kr 58.44 kr 74.43 69
Growth Earnings
Growth-Adj P/E kr 56.44 kr 80.63 kr 104.82 65

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Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 49

Profitability 36
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 46
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. 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
27.0% (2017) → 19.9% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0RHE screens overvalued: fair value 41% below the price. Compare with General Electric Company →

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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.

Weapons Defense

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RTX Corporation RTX $185.01 $88.30 −52%
Airbus SE AIR €185.60 €112.14 −40%
Lockheed Martin Corporation LMT $509.25 $439.62 −14%
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General Dynamics Corporation GD $334.16 $274.19 −18%
Northrop Grumman Corporation NOC $504.61 $382.98 −24%
TransDigm Group TDG $1,116 $1,228 +10%
Thales S.A HO €222.70 €170.99 −23%
Rheinmetall AG RHM €956.90 €313.19 −67%

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Cite: Fair Value Calculator (2026). "Ørsted A/S Fair Value". https://www.fairvalue-calculator.com/stock/0RHE

Frequently asked questions

Is Ørsted A/S (0RHE) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of kr 80.63 versus a price of kr 137.40, about −41% upside (overvalued).
What is the fair value of 0RHE?
Our model-based fair value for Ørsted A/S is kr 80.63 (as of Sep 28, 2026), built from audited fundamentals. The current price: kr 137.40.
What is the quality score of 0RHE?
Ørsted A/S has a Quality Score of 48/100. 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 Ørsted A/S (0RHE)?
Our model-based price target is the fair value of kr 80.63 (as of Sep 28, 2026) from 25 valuation models. Cautious scenario kr 50.63, optimistic scenario kr 111.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Ørsted A/S stock forecast for 2026?
Our models put fair value at kr 80.63, about −41% upside versus a price of kr 137.40 (overvalued). Cautious scenario kr 50.63, optimistic scenario kr 111.35. The calculation is refreshed regularly with new filings.
What is the revenue of Ørsted A/S (0RHE)?
Ørsted A/S reported trailing-twelve-month revenue of about 80.2B DKK (latest available figure, as of Sep 28, 2026).
What is the intrinsic value of Ørsted A/S (0RHE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ørsted A/S it is kr 80.63 per share (as of Sep 28, 2026), against a price of kr 137.40. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Ørsted A/S stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 0RHE trades above its calculated fair value: price kr 137.40, fair value kr 80.63, a gap of about −41% (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 0RHE?
No. The price is what the market pays today (kr 137.40); the fair value is what the company's own numbers justify (kr 80.63). For Ørsted A/S the two are kr 56.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ørsted A/S worth?
The market values Ørsted A/S at about 336B DKK (market capitalisation, as of Sep 28, 2026). Per share that is kr 137.40; our models calculate a fair value of kr 80.63 per share.
What do the bullish and bearish scenarios say about 0RHE?
Our models span a range for Ørsted A/S: cautious scenario kr 50.63, base kr 80.63, optimistic kr 111.35 per share (as of Sep 28, 2026, price kr 137.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0RHE from its 52-week high?
Ørsted A/S trades at kr 137.40, about 19% below its 52-week high of kr 170.30 and 20% above the low of kr 114.35 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 80.63 is for.
Which stocks are comparable to Ørsted A/S?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 Ørsted A/S stock attractive at the current price?
The data as of Sep 28, 2026: price kr 137.40, calculated fair value kr 80.63 (−41%), Quality Score 48/100, 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 0RHE calculated?
We run Ørsted A/S 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 80.63, 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. Ørsted A/S 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 Ørsted A/S (0RHE)?
The closing price on Oct 2, 2026 was kr 137.40. Our model-based fair value is kr 80.63, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ørsted A/S right now?
The price sits above even our optimistic bull case (kr 111.35). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 50.63 to kr 111.35) leaves room in how you read the outcome.

Key figures of Ørsted A/S

How large is the market capitalisation of Ørsted A/S (0RHE)?
The market capitalisation of Ørsted A/S is 336B DKK (≈ $50.6B). 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/E ratio of Ørsted A/S (0RHE)?
The price-to-earnings ratio of Ørsted A/S is 0.2 (as of Aug 5, 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 is the P/S ratio of Ørsted A/S (0RHE)?
The price-to-sales ratio of Ørsted A/S is 0.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ørsted A/S (0RHE)?
Earnings per share at Ørsted A/S are kr 34.74 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ørsted A/S (0RHE)?
The net margin of Ørsted A/S is 14.1% (fiscal year 2021). 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 Ørsted A/S (0RHE)?
The return on equity (ROE) of Ørsted A/S is 0.7% (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 Ørsted A/S (0RHE)?
On an EBIT basis the return on assets of Ørsted A/S is 9.0% (avg 4y). 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 Ørsted A/S (0RHE)?
The operating margin of Ørsted A/S is 25.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ørsted A/S (0RHE)?
Revenue at Ørsted A/S is growing +33.4% versus a year earlier (3y avg +0.9%). 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 Ørsted A/S (0RHE)?
Earnings per share at Ørsted A/S are growing −84.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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