Aker Solutions ASA (AKSO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aker Solutions ASA stock NOK 27.83, price NOK 36.00, that is 22.7% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range kr 6.50 – kr 46.32 · fair‑value band kr 19.48 – kr 36.18 · the kr 36.00 price screens above the kr 27.83 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. As of Nov 8, 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.
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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 36.00, while our model-based Fair Value estimate is kr 27.83, 23% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 87.82 per share, and 23 of the 26 models we run sit above the kr 36.00 price.
Bear case: the Asset-Based group reads lowest at kr 10.95, and 3 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 19.48 (bear) to kr 36.18 (bull), the price of kr 36.00 sits inside 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 66/100 (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 17.4B NOK (≈ $1.8B) Small · P/E ratio 5.4 · P/S ratio 0.31 · EPS (TTM) kr 6.68 · Dividend yield 10.0% · Net margin 5.5% · Return on equity 31.4% · Return on assets (EBIT) 3.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −23%, AKSO screens cheaper than that median.
Fair Value models
Bearkr 19.48Fair Value kr 27.83Bullkr 36.18
Price kr 36.00 · Downside -22.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 2.63 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. 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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCFkr 57.06kr 88.73kr 136.5079
Growth DCFkr 56.40kr 84.46kr 124.3078
Owner Earningskr 57.81kr 89.96kr 138.4675
All 26 models by family
DCF Models
FCF DCFkr 57.06kr 88.73kr 136.5079
Owner Earningskr 57.81kr 89.96kr 138.4675
5Y Revenue Exitkr 55.47kr 89.18kr 134.4072
5Y EBITDA Exitkr 47.35kr 72.65kr 103.4875
5Y P/E Exitkr 57.37kr 93.06kr 133.2570
10Y Revenue Exitkr 54.05kr 84.33kr 129.5666
10Y EBITDA Exitkr 50.51kr 73.33kr 106.1868
10Y P/E Exitkr 56.56kr 86.91kr 128.6963
Earnings-Based
Graham-Doddkr 35.60kr 159.31kr 218.3164
Lynch FVkr 41.45kr 59.22kr 76.9861
PEG = 1.0kr 41.45kr 59.22kr 76.9857
EPVkr 38.75kr 42.99kr 46.5374
Dividend Discount
Gordon GGMkr 25.41kr 45.79kr 63.0368
DDM Multi-Stagekr 25.41kr 41.83kr 48.9167
Multiples
P/E Multiplekr 54.97kr 73.30kr 91.6263
P/S Multiplekr 66.76kr 89.01kr 111.2658
P/B Multiplekr 22.06kr 29.42kr 36.7755
EV/EBITkr 38.72kr 51.96kr 65.1966
EV/EBITDAkr 36.36kr 48.81kr 61.2667
EV/Revenuekr 47.19kr 67.84kr 88.4953
Asset-Based
NCAV (Graham)kr 8.17kr 10.95kr 16.3454
Growth DCF
Growth DCFkr 56.40kr 84.46kr 124.3078
Rev-Margin DCFkr 55.47kr 88.56kr 130.8072
Economic Profit
Residual Incomekr 28.55kr 35.78kr 53.4875
ROIC Compounderkr 41.99kr 51.02kr 61.6872
Growth Earnings
Growth-Adj P/Ekr 55.01kr 78.59kr 102.1667
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.
≈ +69.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +59.7%
Dividend (yield on the price)10.0%
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.base effect: 59.7% / 13.8%
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%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.51 per share, median 1.13 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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).
−10.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
−20.0%
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 −12.5% a year for the price and −21.9% 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 · 166 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−22.7% · Below median
Profitability
Return on equity (12 months)31.4% · Top 25%
Return on assets6.6% · Top 25%
Net margin (12 months)5.5% · Above median
Operating margin (12 months)4.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−21.0% · Bottom 25%
Dividend yield (12 months)10.0% · Top 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)5.4× · Cheapest 25%
P/B1.53× · Pricier than median
P/S (12 months)0.31× · Cheapest 25%
Price / free cash flow (fiscal year)8.2× · Cheaper than median
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Is Aker Solutions ASA (AKSO) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 27.83 versus a price of kr 36.00, about 23% lower (overvalued).
What is the fair value of AKSO?
Our model-based fair value for Aker Solutions ASA is kr 27.83 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 36.00.
What is the quality score of AKSO?
Aker Solutions ASA has a Quality Score of 66/100. 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 27.83 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario kr 19.48, optimistic scenario kr 36.18. 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 27.83, about 23% lower versus a price of kr 36.00 (overvalued). Cautious scenario kr 19.48, optimistic scenario kr 36.18. 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 55.7B NOK (latest available figure, as of Nov 8, 2026).
Does Aker Solutions ASA pay a dividend?
Aker Solutions ASA currently shows a dividend yield of 10.00% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Aker Solutions ASA (AKSO) and when is the ex-dividend date?
Aker Solutions ASA pays a dividend of kr 3.60 per share a year, a dividend yield of 10.0%. The last ex-dividend date was Apr 17, 2026. A dividend has been paid every year since 2022. The payout ratio is 53.9% of earnings. Free cash flow covers the dividend 1.21 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 -10.4 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of AKSO use?
Our models discount Aker Solutions ASA at 11.0 %: a base by market capitalisation (small), 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 -10.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) 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 free-cash-flow growth of -10.4 % per 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 +14.1 % a year. That is the yardstick for the growth priced into Aker Solutions ASA (-10.4 % per 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 12.14 %: that much free cash flow Aker Solutions ASA produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), 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 27.83 per share (as of Nov 8, 2026), against a price of kr 36.00. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Aker Solutions ASA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AKSO trades above its calculated fair value: price kr 36.00, fair value kr 27.83, a gap of about −23% (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 36.00); the fair value is what the company's own numbers justify (kr 27.83). For Aker Solutions ASA the two are kr 8.17 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 17.4B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 36.00; our models calculate a fair value of kr 27.83 per share.
What do the bullish and bearish scenarios say about AKSO?
Our models span a range for Aker Solutions ASA: cautious scenario kr 19.48, base kr 27.83, optimistic kr 36.18 per share (as of Nov 8, 2026, price kr 36.00). 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 5.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 27.83 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 15.5. Other multiples: P/B 1.5, P/S 0.3, EV/EBITDA 4.4.
How solid is the balance sheet of Aker Solutions ASA (AKSO)?
Balance-sheet figures for Aker Solutions ASA (as of Nov 8, 2026): return on equity 31.4%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is AKSO from its 52-week high?
Aker Solutions ASA trades at kr 36.00, about 22% below its 52-week high of kr 46.32 and 31% above the low of kr 27.54 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 27.83 is for.
Which stocks are comparable to Aker Solutions ASA?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, Tenaris S.A, 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 Nov 8, 2026: price kr 36.00, calculated fair value kr 27.83 (−23%), Quality Score 66/100, 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 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 27.83 builds on their evidence-weighted average, 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 13.0% 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 Nov 6, 2026 was kr 36.00. Our model-based fair value is kr 27.83, about 23% lower (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?
Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 19.48 to kr 36.18) 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 17.4B NOK (≈ $1.8B). 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 0.31 (last twelve months). 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 6.68 (price ÷ EPS = P/E 5.4). 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 10.0% (payout 53.9%). 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 5.5% (last twelve months). 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 31.4% (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 4.6% (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 −21.0% 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 −20.7% 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
Nov 8, 2026