Akva Group (AKVA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Akva Group NOK 105, price NOK 138, upside -24.2%, quality 64 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 45.63 – kr 146.50 · fair‑value band kr 73.20 – kr 135.94 · the kr 138.00 price screens above the kr 104.57 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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AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry. The company operates in three segments: Sea Based Technology (SBT), Digital, and Land Based Technology (LBT).
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AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry. The company operates in three segments: Sea Based Technology (SBT), Digital, and Land Based Technology (LBT). The SBT segment offers nets, plastic pens, steel pens, mooring, special nets, remotely operating vehicles systems, net cleaning, marine engineering, lab services, boats, additional equipment, pipes, feed barges, feed systems, lights, camera, sensors, and deep farming and lice control solutions. This segment also provides PE-boats for the fish-farming, diving, and the oil and gas service industries, as well as precision feeding solutions. The Digital segment provides monitoring and reporting solutions under the AKVA Fishtalk, AKVA connect, AKVA Submerged, and AKVA observe brand names. The LBT segment includes design, engineering, tanks, piping, feeding systems, software, cameras, and sensors, as well as provides water quality conditions for fresh and seawater operations. In addition, the company provides professional and preventive maintenance support services. It operates in Norway, Europe, Canada, China, Chile, Iceland, and internationally. The company was incorporated in 1982 and is headquartered in Klepp Stasjon, Norway. AKVA group ASA is a subsidiary of Egersund Group AS.
Stock analysis
Akva Group (AKVA) currently trades at kr 138.00, while our model-based Fair Value estimate is kr 104.57, implying the stock looks roughly 32.0% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 148.22 per share, and 9 of the 26 models we run sit above the kr 138.00 price.
Bear case: the Asset-Based group reads lowest at kr 25.28, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 73.20 (bear) to kr 135.94 (bull), the price of kr 138.00 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 64/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Akva Group reported revenue of 4.4B NOK in FY2025 versus 3.1B NOK in FY2021, a compound +9.1%/yr. Reported net income was 180M NOK in FY2025, compounding +99.1%/yr from FY2021.
Key figures
Market cap 5.0B NOK (≈ $527M) · P/E ratio 25.4 · P/S ratio 1.04 · EPS (TTM) kr 5.44 · Dividend yield 1.4% · Net margin 4.1% · Return on equity 14.5% · Return on assets (EBIT) 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 74% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at −24%, AKVA screens richer than that median.
Fair Value models
Bear kr 73.20Fair Value kr 104.57Bull kr 135.94
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 2.53 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.78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+25.2%
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.
+9.9%
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.
+6.9%
Start year 2020 (pandemic). Over 10 years: +12.0% a year
Revenue growth 25 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.
+15.8%
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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.
+63.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+62.3%
Dividend (yield on the price)1.4%
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.62% vs 9%, 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.4% → 6%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less 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).
+5.5%
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.
+9.4%
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 +3.0% a year for the price and +6.8% for the forecasts.
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.Farm & Heavy Construction Machinery · 154 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−27% · Below median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets4% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)8% · Below median
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.81× · Highest 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (TTM)25.4× · Pricier than median
P/B3.78× · 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.
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). "Akva Group Fair Value". https://www.fairvalue-calculator.com/stock/AKVA
Frequently asked questions
Is Akva Group (AKVA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 104.57 versus a price of kr 138.00, about −24% upside (overvalued).
What is the fair value of AKVA?
Our model-based fair value for Akva Group is kr 104.57 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 138.00.
What is the quality score of AKVA?
Akva Group has a Quality Score of 64/100. 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 Akva Group (AKVA)?
Our model-based price target is the fair value of kr 104.57 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 73.20, optimistic scenario kr 135.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Akva Group stock forecast for 2026?
Our models put fair value at kr 104.57, about −24% upside versus a price of kr 138.00 (overvalued). Cautious scenario kr 73.20, optimistic scenario kr 135.94. The calculation is refreshed regularly with new filings.
What is the revenue of Akva Group (AKVA)?
Akva Group reported trailing-twelve-month revenue of about 4.5B NOK (latest available figure, as of Sep 24, 2026).
Does Akva Group pay a dividend?
Akva Group currently shows a dividend yield of about 1.45% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Akva Group (AKVA)?
For today's price to be fair in a discounted-cash-flow model, Akva Group would have to grow free cash flow by +5.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AKVA use?
Our models discount Akva Group at 9.6 %: a base by market capitalisation (small), damped by beta 0.02, 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 Akva Group that is +5.5 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Akva Group (AKVA) delivered so far?
Over the past 5 years revenue at Akva Group grew +6.9 % a year. The price currently implies +5.5 % 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 Akva Group (AKVA) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Akva Group (+5.5 % 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 Akva Group (AKVA)?
The free-cash-flow yield on the price is 7.32 %: that much free cash flow Akva Group produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Akva Group (AKVA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Akva Group it is kr 104.57 per share (as of Sep 24, 2026), against a price of kr 138.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Akva Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AKVA trades above its calculated fair value: price kr 138.00, fair value kr 104.57, a gap of about −24% (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 AKVA?
No. The price is what the market pays today (kr 138.00); the fair value is what the company's own numbers justify (kr 104.57). For Akva Group the two are kr 33.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Akva Group worth?
The market values Akva Group at about 5.0B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 138.00; our models calculate a fair value of kr 104.57 per share.
What do the bullish and bearish scenarios say about AKVA?
Our models span a range for Akva Group: cautious scenario kr 73.20, base kr 104.57, optimistic kr 135.94 per share (as of Sep 24, 2026, price kr 138.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKVA?
Akva Group trades at a price-to-earnings ratio of 25.4 (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 104.57 is built from several models across several years. Other multiples: PEG 2.6, P/B 3.8, P/S 1.1, EV/EBITDA 16.0.
What is the PEG ratio of AKVA?
The PEG ratio of Akva Group is 2.62 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Akva Group (AKVA)?
Balance-sheet figures for Akva Group (as of Sep 24, 2026): return on equity 14.5%, debt of 0.81 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is AKVA from its 52-week high?
Akva Group trades at kr 138.00, about 6% below its 52-week high of kr 146.50 and 74% above the low of kr 79.34 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 104.57 is for.
Which stocks are comparable to Akva Group?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Akva Group stock attractive at the current price?
The data as of Sep 24, 2026: price kr 138.00, calculated fair value kr 104.57 (−24%), Quality Score 64/100, 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 AKVA calculated?
We run Akva Group 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 104.57, 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. Akva Group 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 Akva Group (AKVA)?
The closing price on Sep 24, 2026 was kr 138.00. Our model-based fair value is kr 104.57, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Akva Group right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 73.20 to kr 135.94) leaves room in how you read the outcome.
Where does the earnings growth of Akva Group (AKVA) come from?
Earnings per share at Akva Group grew +21.1 % a year from 2011 to 2022. Broken into its drivers: revenue per share +11.2 %, EBIT margin +2.9 %, tax rate +1.2 %, residual (interest, one-offs) +4.5 %. 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 Akva Group
How large is the market capitalisation of Akva Group (AKVA)?
The market capitalisation of Akva Group is 5.0B NOK (≈ $527M). 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 Akva Group (AKVA)?
The price-to-sales ratio of Akva Group is 1.04 (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 Akva Group (AKVA)?
Earnings per share at Akva Group are kr 5.44 (price ÷ EPS = P/E 25.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Akva Group (AKVA)?
The dividend yield of Akva Group is 1.4% (payout 36.8%). 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 Akva Group (AKVA)?
The net margin of Akva Group 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 Akva Group (AKVA)?
The return on equity (ROE) of Akva Group is 14.5% (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 Akva Group (AKVA)?
On an EBIT basis the return on assets of Akva Group is 2.9% (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 Akva Group (AKVA)?
The operating margin of Akva Group is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Akva Group (AKVA)?
Revenue at Akva Group is growing +12.6% versus a year earlier (3y avg +9.9%). 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 Akva Group (AKVA)?
Earnings per share at Akva Group are growing +31.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Akva Group (AKVA) carry?
The net debt of Akva Group is 951M NOK (fiscal year 2025, ≈ 2.6 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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