Aker BP ASA (AKRBP) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Aker BP ASA NOK 128, price NOK 338, upside -62.2%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range kr 147.33 – kr 374.10 · fair‑value band kr 64.15 – kr 135.18 · the kr 338.40 price screens above the kr 128.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Aker BP ASA engages in the exploration, field development, and production of oil and gas on the Norwegian Continental Shelf. It operates field centers, including Valhall, Ula, Edvard Grieg/Ivar Aasen, Alvheim, and Skarv. The company was formerly known as Det norske oljeselskap ASA and changed its name to Aker BP ASA in October 2016.
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Aker BP ASA engages in the exploration, field development, and production of oil and gas on the Norwegian Continental Shelf. It operates field centers, including Valhall, Ula, Edvard Grieg/Ivar Aasen, Alvheim, and Skarv. The company was formerly known as Det norske oljeselskap ASA and changed its name to Aker BP ASA in October 2016. Aker BP ASA was founded in 2001 and is headquartered in Lysaker, Norway.
Stock analysis
Aker BP ASA (AKRBP) currently trades at kr 338.40, while our model-based Fair Value estimate is kr 128.08, 62.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of kr 391.86 per share, and 5 of the 16 models we run sit above the kr 338.40 price.
Bear case: the Multiples group reads lowest at kr 34.37, and 11 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 64.15 (bear) to kr 135.18 (bull), the price of kr 338.40 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 47/100 (below-average quality), in the Energy sector.
Mixed Growth: Spin-off in 2014: revenue and profit before it include the divested business. Growth is measured afresh from 2014.
Aker BP ASA reported revenue of $10.9B in FY2025 versus $5.6B in FY2021, a compound +18.0%/yr. Reported net income was $132M in FY2025, compounding −36.8%/yr from FY2021.
Key figures
Market cap 214B NOK (≈ $22.2B) · P/E ratio 16.0 · P/S ratio 0.19 · EPS (TTM) kr 21.16 · Dividend yield 7.8% · Net margin 1.2% · Return on equity 12.1% · Return on assets (EBIT) 19.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −62%, AKRBP screens richer than that median.
Fair Value models
Bear kr 64.15Fair Value kr 128.08Bull kr 135.18
Price kr 338.40 · Upside -62.2%
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.55/100
Spin-off in 2014: revenue and profit before it include the divested business. Growth is measured afresh from 2014.
Revenue growth 1 year
−10.6%
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.
−5.3%
Revenue growth 5 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.
+30.7%
Start year 2020 (pandemic). Over 10 years: +25.2% a year
Revenue growth 11 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.
+34.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.8%
Dividend (yield on the price)7.8%
Per share before 2014divided by the spin-off factor 1.1063
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.8% vs 3.5%, slowing
Profit margin 2020 to 2025 ⓘ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.15% → 44%
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
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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.Oil & Gas E&P · 272 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Above median
Fair Value upside−62.2% · Bottom 25%
Profitability
Return on equity (TTM)12.1% · Above median
Return on assets10.8% · Top 25%
Net margin (TTM)11.9% · Below median
Operating margin (TTM)75.8% · Top 25%
Growth and dividend
Revenue growth42.0% · Above median
Dividend yield (TTM)7.8% · Top 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (TTM)16.0× · Pricier than median
P/B1.98× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)1.87× · Cheaper than median
EV/EBITDA2.8× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 92
PAST (return on equity)48· sector 23
HEALTH (low debt)63· sector 85
DIVIDEND (yield)100· sector 70
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Aker BP ASA Fair Value". https://www.fairvalue-calculator.com/stock/AKRBP
Frequently asked questions
Is Aker BP ASA (AKRBP) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 128.08 versus a price of kr 338.40, about −62% upside (overvalued).
What is the fair value of AKRBP?
Our model-based fair value for Aker BP ASA is kr 128.08 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 338.40.
What is the quality score of AKRBP?
Aker BP ASA has a Quality Score of 47/100. 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 Aker BP ASA (AKRBP)?
Our model-based price target is the fair value of kr 128.08 (as of Sep 27, 2026) from 16 valuation models. Cautious scenario kr 64.15, optimistic scenario kr 135.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Aker BP ASA stock forecast for 2026?
Our models put fair value at kr 128.08, about −62% upside versus a price of kr 338.40 (overvalued). Cautious scenario kr 64.15, optimistic scenario kr 135.18. The calculation is refreshed regularly with new filings.
What is the revenue of Aker BP ASA (AKRBP)?
Aker BP ASA reported trailing-twelve-month revenue of about $11.9B (latest available figure, as of Sep 27, 2026).
Does Aker BP ASA pay a dividend?
Aker BP ASA currently shows a dividend yield of about 7.76% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Aker BP ASA (AKRBP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aker BP ASA it is kr 128.08 per share (as of Sep 27, 2026), against a price of kr 338.40. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Aker BP ASA stock overvalued or undervalued in 2026?
As of Sep 27, 2026, AKRBP trades above its calculated fair value: price kr 338.40, fair value kr 128.08, a gap of about −62% (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 AKRBP?
No. The price is what the market pays today (kr 338.40); the fair value is what the company's own numbers justify (kr 128.08). For Aker BP ASA the two are kr 210.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aker BP ASA worth?
The market values Aker BP ASA at about 214B NOK (market capitalisation, as of Sep 27, 2026). Per share that is kr 338.40; our models calculate a fair value of kr 128.08 per share.
What do the bullish and bearish scenarios say about AKRBP?
Our models span a range for Aker BP ASA: cautious scenario kr 64.15, base kr 128.08, optimistic kr 135.18 per share (as of Sep 27, 2026, price kr 338.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKRBP?
Aker BP ASA trades at a price-to-earnings ratio of 16.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 128.08 is built from several models across several years. Other multiples: P/B 2.0, P/S 1.9, EV/EBITDA 2.8.
How solid is the balance sheet of Aker BP ASA (AKRBP)?
Balance-sheet figures for Aker BP ASA (as of Sep 27, 2026): return on equity 12.1%, debt of 0.75 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is AKRBP from its 52-week high?
Aker BP ASA trades at kr 338.40, about 10% below its 52-week high of kr 374.10 and 47% above the low of kr 230.23 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 128.08 is for.
Which stocks are comparable to Aker BP ASA?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, 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 Aker BP ASA stock attractive at the current price?
The data as of Sep 27, 2026: price kr 338.40, calculated fair value kr 128.08 (−62%), Quality Score 47/100, from 16 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 AKRBP calculated?
We run Aker BP ASA through 16 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 128.08, 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 14.9 % above its aggregate fair value. Aker BP 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 Aker BP ASA (AKRBP)?
The closing price on Oct 2, 2026 was kr 338.40. Our model-based fair value is kr 128.08, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aker BP ASA right now?
The price sits above even our optimistic bull case (kr 135.18). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 64.15 to kr 135.18) leaves room in how you read the outcome.
Key figures of Aker BP ASA
How large is the market capitalisation of Aker BP ASA (AKRBP)?
The market capitalisation of Aker BP ASA is 214B NOK (≈ $22.2B). 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 Aker BP ASA (AKRBP)?
The price-to-sales ratio of Aker BP ASA is 0.19 (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 Aker BP ASA (AKRBP)?
Earnings per share at Aker BP ASA are kr 21.16 (price ÷ EPS = P/E 16.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aker BP ASA (AKRBP)?
The dividend yield of Aker BP ASA is 7.8% (payout 124%). 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 Aker BP ASA (AKRBP)?
The net margin of Aker BP ASA is 1.2% (fiscal year 2025). 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 Aker BP ASA (AKRBP)?
The return on equity (ROE) of Aker BP ASA is 12.1% (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 Aker BP ASA (AKRBP)?
On an EBIT basis the return on assets of Aker BP ASA is 19.7% (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 Aker BP ASA (AKRBP)?
The operating margin of Aker BP ASA is 75.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aker BP ASA (AKRBP)?
Revenue at Aker BP ASA is growing +42.0% versus a year earlier (3y avg −5.3%). 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 Aker BP ASA (AKRBP)?
Earnings per share at Aker BP ASA are growing +140% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aker BP ASA (AKRBP) generate?
The free cash flow of Aker BP ASA is −$217M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Aker BP ASA (AKRBP) carry?
The net debt of Aker BP ASA is $6.4B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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