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Aker BP ASA (AKRBP) Fair Value & Analysis

Energy · NO · Market cap 207B NOK

AB Aker BP ASA AKRBP · OL
Pricekr 351.90
Fair Valuekr 139.40
Upside-60.4%
Quality47/100
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Expensive Growth
Solidly profitable · 11.9% net margin
Moderate debt · negative free cash flow
0.80% dividend yield
Ranks above peers (8/13)
Wide moat 65/100
Evidence: Medium Range kr 139.40 – kr 139.40 Share as image

Fair value as of: Aug 20, 2026

From 16 valuation models · updated today

Fair value updated Aug 20, 2026, revised from kr 10.73 to kr 139.40 (+1,199.2%) since Aug 13, 2026. Share price +8.5% over the past month.

Below-average quality, and screening another 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 139.40). 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.
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Price vs Fair Value (5 years)

kr 362.00 kr 147.33 Fair Value kr 139.40 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range kr 147.33 – kr 362.00 · the kr 351.90 price screens above the kr 139.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

Aker BP ASA (AKRBP) currently trades at kr 351.90, while our model-based Fair Value estimate is kr 139.40, implying the stock looks roughly 60.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Aker BP ASA generated revenue of 10.8B NOK at a net margin of 5.3%. Revenue declined 4.7% year over year. It earns a return on equity of 4.8%. Net debt stands at 6.4B NOK. Fundamentals as of Aug 20, 2026

The share trades about 4% below its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at -60%, AKRBP screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income kr 180.90 kr 172.20 kr 130.89 76
ROIC Compounder kr 588.49 kr 922.16 kr 1,229 72
Gordon GGM kr 351.50 kr 767.35 kr 1,291 70
All 16 models by family
Earnings-Based
Graham-Dodd kr 20.58 kr 143.93 kr 202.06 54
Lynch FV kr 65.23 kr 93.20 kr 121.18 50
PEG = 1.0 kr 65.23 kr 93.20 kr 121.18 46
EPV kr 407.30 kr 503.69 kr 589.36 59
Dividend Discount
Gordon GGM kr 351.50 kr 767.35 kr 1,291 70
DDM Multi-Stage kr 351.50 kr 628.64 kr 799.82 61
Multiples
P/E Multiple kr 31.89 kr 42.47 kr 53.05 63
P/S Multiple kr 38.70 kr 51.60 kr 64.50 58
P/B Multiple kr 38.70 kr 51.60 kr 64.50 55
EV/EBIT kr 680.39 kr 953.47 kr 1,226 53
EV/EBITDA kr 598.63 kr 844.47 kr 1,090 54
EV/Revenue kr 72.18 kr 162.63 kr 252.93 43
Asset-Based
NCAV (Graham) kr 128.86 kr 172.63 kr 257.57 50
Economic Profit
Residual Income kr 180.90 kr 172.20 kr 130.89 76
ROIC Compounder kr 588.49 kr 922.16 kr 1,229 72
Growth Earnings
Growth-Adj P/E kr 77.98 kr 111.32 kr 144.66 68

Widest divergence: Dividend Discount (kr 628.64) versus Multiples (kr 51.60). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 11.9B NOK
Revenue growth (YoY) +42.0%
Net margin 11.9%
Return on equity 12.1%
Free cash flow −217M NOK FY2025
P/E ratio 15.7
More key figures
Operating margin 75.8%
EPS (TTM) kr 22.45
Dividend yield 0.8%
EPS growth (YoY) +140%
Net debt 6.4B NOK FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 79

Profitability 21
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aker BP ASA reported revenue of kr 10.9B in FY2025 versus kr 5.6B in FY2021, a compound +18.0%/yr. Reported net income was kr 132M in FY2025, compounding −36.8%/yr from FY2021.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.9B NOK
Latest YoY
−10.6%
Avg. growth/yr (3Y) 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.
−5.3%
Avg. growth/yr (5Y) 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.
+30.7%
Avg. growth/yr (20Y) 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.
+39.6%
Revenue +18.0%/yr
FY21 kr 5.6B
FY22 kr 12.9B
FY23 kr 13.6B
FY24 kr 12.2B
FY25 kr 10.9B
Net income −36.8%/yr
FY21 kr 828M
FY22 kr 1.6B
FY23 kr 1.3B
FY24 kr 1.8B
FY25 kr 132M

AKRBP screens 60% overvalued. Compare with CNOOC Limited →

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Cite: Fair Value Calculator (2026). "Aker BP ASA Fair Value". https://www.fairvalue-calculator.com/stock/AKRBP

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Oil & Gas E&P · 324 stocks

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.

Quality Score 47 · Above median
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 76% · Top 25%
Revenue growth 42% · Top 25%
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.75× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/E (TTM) 15.7× · Pricier than median
P/B 1.98× · Pricier than median
P/S (TTM) 1.87× · Cheaper than median
EV/EBITDA 2.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 13
FUTURE100 · sector 0
PAST48 · sector 0
HEALTH63 · sector 87
DIVIDEND15 · sector 61

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

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

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥32.85 ¥32.55 -1%
ConocoPhillips explores for, COP $126.78 $90.15 -29%
Canadian Natural Resources Limited CNQ $47.57 $31.14 -35%
EOG Resources, Inc EOG $143.14 $130.19 -9%
Occidental Petroleum Corporation OXY $58.55 $30.06 -49%
Diamondback Energy, Inc FANG $210.02 $105.24 -50%
Devon Energy Corporation DVN $44.86 $27.06 -40%
Woodside Energy Group WDS A$32.55 A$20.71 -36%
EQT Corporation EQT $54.06 $42.85 -21%
Texas Pacific Land Corporation TPL $342.77 $77.26 -77%

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Frequently asked questions

Is Aker BP ASA (AKRBP) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of kr 139.40 versus a price of kr 351.90, about −60% (overvalued).
What is the fair value of AKRBP?
Our model-based fair value for Aker BP ASA is kr 139.40 (as of Aug 20, 2026), built from audited fundamentals. The current price: kr 351.90.
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 revenue of Aker BP ASA (AKRBP)?
Aker BP ASA reported trailing-twelve-month revenue of about 10.8B NOK (latest available figure, as of Aug 20, 2026).
What is the net profit margin of AKRBP?
The net profit margin of Aker BP ASA is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Aker BP ASA pay a dividend?
Aker BP ASA currently shows a dividend yield of about 0.76% relative to its recent price (as of Aug 20, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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