BW Offshore Ltd. (0RKH) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of BW Offshore Ltd. NOK 31.38, price NOK 39.35, upside -20.3%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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BW Offshore Limited engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific. It operates through Floating Production, Storage, and Offloading (FPSO); and Floating Wind segments. The company is involved in the construction, lease, and operation of FPSOs, as well as floating offshore wind.
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BW Offshore Limited engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific. It operates through Floating Production, Storage, and Offloading (FPSO); and Floating Wind segments. The company is involved in the construction, lease, and operation of FPSOs, as well as floating offshore wind. BW Offshore Limited was founded in 1982 and is based in Hamilton, Bermuda.
Stock analysis
BW Offshore Ltd. (0RKH) currently trades at kr 39.35, while our model-based Fair Value estimate is kr 31.38, 20.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 45.43 per share, and 2 of the 10 models we run sit above the kr 39.35 price.
Bear case: the Asset-Based group reads lowest at kr 3.70, and 8 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 27.73 (bear) to kr 34.61 (bull), the price of kr 39.35 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BW Offshore Ltd. reported revenue of 886M NOK in FY2020 versus 845M NOK in FY2016, a compound +1.2%/yr. Reported net income was −273M NOK in FY2020.
Key figures
Market cap 5.3B NOK (≈ $554M) · P/S ratio 10.4 · Net margin −30.8% · Return on equity 10.6% · Return on assets (EBIT) 1.1% · Operating margin 21.6% · Revenue (TTM) 510M NOK · Revenue growth (YoY) −6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −20%, 0RKH screens cheaper than that median.
Fair Value models
Bear kr 27.73Fair Value kr 31.38Bull kr 34.61
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.
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.68/100
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.
+12.3%
’16
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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.
−4.1% (2016) → −17.6% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Marine Transportation” was too small, so the broader sector is used.)Industrials · 5321 stocks
Beats the sector median on 6/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score52 · Below median
Fair Value upside−20.3% · Below median
Profitability
Return on equity (TTM)10.6% · Above median
Return on assets2.2% · Below median
Net margin (TTM)26.4% · Top 25%
Operating margin (TTM)21.6% · Top 25%
Growth and dividend
Revenue growth−6.1% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity1.28× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
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Is BW Offshore Ltd. (0RKH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 31.38 versus a price of kr 39.35, about −20% upside (overvalued).
What is the fair value of 0RKH?
Our model-based fair value for BW Offshore Ltd. is kr 31.38 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 39.35.
What is the quality score of 0RKH?
BW Offshore Ltd. has a Quality Score of 52/100. 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 BW Offshore Ltd. (0RKH)?
Our model-based price target is the fair value of kr 31.38 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario kr 27.73, optimistic scenario kr 34.61. It is a calculation from audited fundamentals, not an analyst target.
What is the BW Offshore Ltd. stock forecast for 2026?
Our models put fair value at kr 31.38, about −20% upside versus a price of kr 39.35 (overvalued). Cautious scenario kr 27.73, optimistic scenario kr 34.61. The calculation is refreshed regularly with new filings.
What is the revenue of BW Offshore Ltd. (0RKH)?
BW Offshore Ltd. reported trailing-twelve-month revenue of about 510M NOK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of BW Offshore Ltd. (0RKH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BW Offshore Ltd. it is kr 31.38 per share (as of Sep 24, 2026), against a price of kr 39.35. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is BW Offshore Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0RKH trades above its calculated fair value: price kr 39.35, fair value kr 31.38, a gap of about −20% (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 0RKH?
No. The price is what the market pays today (kr 39.35); the fair value is what the company's own numbers justify (kr 31.38). For BW Offshore Ltd. the two are kr 7.97 per share apart. That gap is exactly why we show both numbers side by side.
How much is BW Offshore Ltd. worth?
The market values BW Offshore Ltd. at about 5.3B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 39.35; our models calculate a fair value of kr 31.38 per share.
What do the bullish and bearish scenarios say about 0RKH?
Our models span a range for BW Offshore Ltd.: cautious scenario kr 27.73, base kr 31.38, optimistic kr 34.61 per share (as of Sep 24, 2026, price kr 39.35). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BW Offshore Ltd. (0RKH)?
Balance-sheet figures for BW Offshore Ltd. (as of Sep 24, 2026): return on equity 10.6%, debt of 1.28 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 0RKH from its 52-week high?
BW Offshore Ltd. trades at kr 39.35, about 24% below its 52-week high of kr 52.08 and 21% above the low of kr 32.44 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 31.38 is for.
Which stocks are comparable to BW Offshore Ltd.?
From the same area (Industrials) we also value CARGOTRANS, SHAHISHIP, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, 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 BW Offshore Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price kr 39.35, calculated fair value kr 31.38 (−20%), Quality Score 52/100, from 10 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 0RKH calculated?
We run BW Offshore Ltd. through 10 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 31.38, 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. BW Offshore Ltd. 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 BW Offshore Ltd. (0RKH)?
The closing price on Oct 2, 2026 was kr 39.35. Our model-based fair value is kr 31.38, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BW Offshore Ltd. right now?
The price sits above even our optimistic bull case (kr 34.61). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of BW Offshore Ltd.
How large is the market capitalisation of BW Offshore Ltd. (0RKH)?
The market capitalisation of BW Offshore Ltd. is 5.3B NOK (≈ $554M). 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 BW Offshore Ltd. (0RKH)?
The price-to-sales ratio of BW Offshore Ltd. is 10.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of BW Offshore Ltd. (0RKH)?
The net margin of BW Offshore Ltd. is −30.8% (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 BW Offshore Ltd. (0RKH)?
The return on equity (ROE) of BW Offshore Ltd. is 10.6% (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 BW Offshore Ltd. (0RKH)?
On an EBIT basis the return on assets of BW Offshore Ltd. is 1.1% (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 BW Offshore Ltd. (0RKH)?
The operating margin of BW Offshore Ltd. is 21.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BW Offshore Ltd. (0RKH)?
Revenue at BW Offshore Ltd. is growing −6.1% versus a year earlier (3y avg +12.3%). 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 BW Offshore Ltd. (0RKH)?
Earnings per share at BW Offshore Ltd. are growing −34.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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