Aker Solutions ASA (AKSO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Aker Solutions ASA NOK 27.85, price NOK 42.10, upside -33.8%, quality 65 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 24, 2026.
How to read this chart
60‑month range kr 6.50 – kr 46.32 · fair‑value band kr 19.50 – kr 41.13 · the kr 42.10 price screens above the kr 27.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Aker Solutions ASA provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally. The company operates in two segments, Renewables and Field Development; and Life Cycle.
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Aker Solutions ASA provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally. The company operates in two segments, Renewables and Field Development; and Life Cycle. It offers field planning, feasibility, and concept studies; specialist engineering, project management, and procurement services; floater designs, offshore wind, as well as engages in design, delivery, and construction of oil and gas production, and receiving and processing facilities. The company provides carbon capture, utilization and storage, hydropower, and offshore wind solutions. Further, it designs and constructs jackets for construction services and offers electrification services; and designs and constructs offshore oil and gas production facilities and onshore receiving and processing facilities. Additionally, the company provides maintenance, modifications, decommissioning, asset integrity management, hook-up, and completion solutions. The company was founded in 1841 and is headquartered in Fornebu, Norway.
Stock analysis
Aker Solutions ASA (AKSO) currently trades at kr 42.10, while our model-based Fair Value estimate is kr 27.85, implying the stock looks roughly 51.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 94.37 per share, and 24 of the 26 models we run sit above the kr 42.10 price.
Bear case: the Asset-Based group reads lowest at kr 15.70, and 2 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 19.50 (bear) to kr 41.13 (bull), the price of kr 42.10 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 Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Aker Solutions ASA reported revenue of 62.2B NOK in FY2025 versus 29.2B NOK in FY2021, a compound +20.8%/yr. Reported net income was 2.5B NOK in FY2025, compounding +78.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 22.2B NOK (≈ $2.3B) · P/E ratio 8.0 · P/S ratio 0.33 · EPS (TTM) kr 5.28 · Dividend yield 8.6% · Net margin 4.1% · Return on equity 24.9% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 75% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −34%, AKSO screens richer than that median.
Fair Value models
Bear kr 19.50Fair Value kr 27.85Bull kr 41.13
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 1.23 per share) are deliberately not added.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 ⓘ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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.7%
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.
+31.6%
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.
+16.9%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 15 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.
+4.3%
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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.
+68.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+59.7%
Dividend (yield on the price)8.6%
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.60% vs 14%, picking up
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.−3% → 4%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−16.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about −11.4% a year for the price and −18.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically 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 Equipment & Services · 190 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−34% · Below median
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets5% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)8.6% · Top 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (TTM)8.0× · Cheapest 25%
P/B1.95× · Pricier than median
P/S (TTM)0.36× · Cheapest 25%
P/FCF1.1× · Cheapest 25%
EV/EBITDA5.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)0· sector 4
PAST (return on equity)100· sector 28
HEALTH (low debt)100· sector 91
DIVIDEND (yield)100· sector 34
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.
Is Aker Solutions ASA (AKSO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 27.85 versus a price of kr 42.10, about −34% upside (overvalued).
What is the fair value of AKSO?
Our model-based fair value for Aker Solutions ASA is kr 27.85 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 42.10.
What is the quality score of AKSO?
Aker Solutions 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 Aker Solutions ASA (AKSO)?
Our model-based price target is the fair value of kr 27.85 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 19.50, optimistic scenario kr 41.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Aker Solutions ASA stock forecast for 2026?
Our models put fair value at kr 27.85, about −34% upside versus a price of kr 42.10 (overvalued). Cautious scenario kr 19.50, optimistic scenario kr 41.13. The calculation is refreshed regularly with new filings.
What is the revenue of Aker Solutions ASA (AKSO)?
Aker Solutions ASA reported trailing-twelve-month revenue of about 61.3B NOK (latest available figure, as of Sep 24, 2026).
Does Aker Solutions ASA pay a dividend?
Aker Solutions ASA currently shows a dividend yield of about 8.55% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Aker Solutions ASA (AKSO)?
For today's price to be fair in a discounted-cash-flow model, Aker Solutions ASA would have to grow free cash flow by -9.3 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AKSO use?
Our models discount Aker Solutions ASA at 9.5 %: a base by market capitalisation (mid), country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Aker Solutions ASA that is -9.3 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Aker Solutions ASA (AKSO) delivered so far?
Over the past 5 years revenue at Aker Solutions ASA grew +17.0 % a year. The price currently implies -9.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Aker Solutions ASA (AKSO) growing?
The median revenue growth in the sector is +1.7 % a year. That is the yardstick for the growth priced into Aker Solutions ASA (-9.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Aker Solutions ASA (AKSO)?
The free-cash-flow yield on the price is 10.38 %: that much free cash flow Aker Solutions ASA produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Aker Solutions ASA (AKSO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aker Solutions ASA it is kr 27.85 per share (as of Sep 24, 2026), against a price of kr 42.10. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Aker Solutions ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AKSO trades above its calculated fair value: price kr 42.10, fair value kr 27.85, a gap of about −34% (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 AKSO?
No. The price is what the market pays today (kr 42.10); the fair value is what the company's own numbers justify (kr 27.85). For Aker Solutions ASA the two are kr 14.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aker Solutions ASA worth?
The market values Aker Solutions ASA at about 22.2B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 42.10; our models calculate a fair value of kr 27.85 per share.
What do the bullish and bearish scenarios say about AKSO?
Our models span a range for Aker Solutions ASA: cautious scenario kr 19.50, base kr 27.85, optimistic kr 41.13 per share (as of Sep 24, 2026, price kr 42.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKSO?
Aker Solutions ASA trades at a price-to-earnings ratio of 8.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 27.85 is built from several models across several years. Other multiples: P/B 2.0, P/S 0.4, EV/EBITDA 5.1.
How solid is the balance sheet of Aker Solutions ASA (AKSO)?
Balance-sheet figures for Aker Solutions ASA (as of Sep 24, 2026): return on equity 24.9%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is AKSO from its 52-week high?
Aker Solutions ASA trades at kr 42.10, about 9% below its 52-week high of kr 46.32 and 75% above the low of kr 24.01 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 27.85 is for.
Which stocks are comparable to Aker Solutions ASA?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton 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 Aker Solutions ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 42.10, calculated fair value kr 27.85 (−34%), Quality Score 65/100, from 26 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 AKSO calculated?
We run Aker Solutions ASA through 26 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 27.85, 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 14.1 % above its aggregate fair value. Aker Solutions 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 Solutions ASA (AKSO)?
The closing price on Sep 23, 2026 was kr 42.10. Our model-based fair value is kr 27.85, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aker Solutions ASA right now?
The price sits above even our optimistic bull case (kr 41.13). The favourable scenario is already priced in. 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 19.50 to kr 41.13) leaves room in how you read the outcome.
Where does the earnings growth of Aker Solutions ASA (AKSO) come from?
Earnings per share at Aker Solutions ASA grew +13.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share −4.1 %, EBIT margin −5.3 %, tax rate +3.4 %, residual (interest, one-offs) +20.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Aker Solutions ASA
How large is the market capitalisation of Aker Solutions ASA (AKSO)?
The market capitalisation of Aker Solutions ASA is 22.2B NOK (≈ $2.3B). 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 Solutions ASA (AKSO)?
The price-to-sales ratio of Aker Solutions ASA is 0.33 (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 Solutions ASA (AKSO)?
Earnings per share at Aker Solutions ASA are kr 5.28 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aker Solutions ASA (AKSO)?
The dividend yield of Aker Solutions ASA is 8.6% (payout 68.2%). 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 Solutions ASA (AKSO)?
The net margin of Aker Solutions ASA is 4.1% (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 Solutions ASA (AKSO)?
The return on equity (ROE) of Aker Solutions ASA is 24.9% (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 Solutions ASA (AKSO)?
On an EBIT basis the return on assets of Aker Solutions ASA is 3.7% (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 Solutions ASA (AKSO)?
The operating margin of Aker Solutions ASA is 4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aker Solutions ASA (AKSO)?
Revenue at Aker Solutions ASA is growing −6.5% versus a year earlier (3y avg +31.6%). 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 Solutions ASA (AKSO)?
Earnings per share at Aker Solutions ASA are growing +51.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Aker Solutions ASA (AKSO) carry?
The net debt of Aker Solutions ASA is 485M NOK (fiscal year 2024, ≈ 0.2 yrs of FCF). 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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Broad data
Sep 24, 2026