Akva Group (AKVA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Akva Group stock NOK 104, price NOK 158, that is 34.0% below the price, quality 67 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 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 45.63 – kr 158.50 · fair‑value band kr 73.03 – kr 135.62 · the kr 158.00 price screens above the kr 104.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 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.
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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 158.00, while our model-based Fair Value estimate is kr 104.32, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 195.42 per share, and 8 of the 24 models we run sit above the kr 158.00 price.
Bear case: the Dividend Discount group reads lowest at kr 31.94, and 16 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 73.03 (bear) to kr 135.62 (bull), the price of kr 158.00 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 67/100 (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 5.8B NOK (≈ $609M) Small · P/E ratio 26.9 · P/S ratio 1.27 · EPS (TTM) kr 5.87 · Dividend yield 1.3% · Net margin 4.8% · Return on equity 15.7% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 99% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −34%, AKVA screens richer than that median.
Fair Value models
Bearkr 73.03Fair Value kr 104.32Bullkr 135.62
Price kr 158.00 · Downside -34.0%
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 3.32 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.
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.
≈ +63.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +62.3%
Dividend (yield on the price)1.3%
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: 62.3% / 8.8%
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.4% → 6%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.44 per share, median 2.68 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+7.6%
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.
+8.6%
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 +5.1% a year for the price and +6.0% 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 · 146 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−34.0% · Below median
Profitability
Return on equity (12 months)15.7% · Above median
Return on assets4.3% · Below median
Net margin (12 months)4.8% · Below median
Operating margin (12 months)9.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.9% · Below median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.81× · Highest 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (12 months)26.9× · Priciest 25%
P/B4.19× · 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 (12 months)1.27× · Pricier than median
Price / free cash flow (fiscal year)15.6× · Cheaper than median
EV/EBITDA16.4× · Priciest 25%
PEG2.62× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)10· sector 45
PAST (return on equity)63· sector 37
HEALTH (low debt)59· sector 94
DIVIDEND (yield)25· sector 38
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). "Akva Group Fair Value". https://www.fairvalue-calculator.com/stock/AKVA
Frequently asked questions
Is Akva Group (AKVA) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 104.32 versus a price of kr 158.00, about 34% lower (overvalued).
What is the fair value of AKVA?
Our model-based fair value for Akva Group is kr 104.32 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 158.00.
What is the quality score of AKVA?
Akva Group has a Quality Score of 67/100. 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 104.32 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario kr 73.03, optimistic scenario kr 135.62. 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 104.32, about 34% lower versus a price of kr 158.00 (overvalued). Cautious scenario kr 73.03, optimistic scenario kr 135.62. 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 Nov 8, 2026).
Does Akva Group pay a dividend?
Akva Group currently shows a dividend yield of 1.27% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Akva Group (AKVA) and when is the ex-dividend date?
Akva Group pays a dividend of kr 2.00 per share a year, a dividend yield of 1.3%. The last ex-dividend date was Sep 15, 2026. The payout ratio is 34.1% of earnings. Free cash flow covers the dividend 5.04 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 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 +7.6 % 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 Nov 8, 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 0.10, 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 +7.6 % per year for five years, then slowing evenly to 2 % by year ten, 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 free-cash-flow growth of +7.6 % 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 Akva Group (AKVA) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Akva Group (+7.6 % per 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 6.40 %: 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 104.32 per share (as of Nov 8, 2026), against a price of kr 158.00. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Akva Group stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AKVA trades above its calculated fair value: price kr 158.00, fair value kr 104.32, 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 AKVA?
No. The price is what the market pays today (kr 158.00); the fair value is what the company's own numbers justify (kr 104.32). For Akva Group the two are kr 53.68 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 5.8B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 158.00; our models calculate a fair value of kr 104.32 per share.
What do the bullish and bearish scenarios say about AKVA?
Our models span a range for Akva Group: cautious scenario kr 73.03, base kr 104.32, optimistic kr 135.62 per share (as of Nov 8, 2026, price kr 158.00). 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 26.9 (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 104.32 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 29.9. Other multiples: PEG 2.6, P/B 4.2, P/S 1.3, EV/EBITDA 16.4.
What is the PEG ratio of AKVA?
The PEG ratio of Akva Group is 2.62 (P/E divided by earnings growth, as of Nov 8, 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 Nov 8, 2026): return on equity 15.7%, debt of 0.81 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is AKVA from its 52-week high?
Akva Group trades at kr 158.00, at its 52-week high of kr 158.50 and 99% above the low of kr 79.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 104.32 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 Nov 8, 2026: price kr 158.00, calculated fair value kr 104.32 (−34%), Quality Score 67/100, from 24 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 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 104.32 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 13.3% 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 Nov 6, 2026 was kr 158.00. Our model-based fair value is kr 104.32, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Akva Group right now?
The price sits above even our optimistic bull case (kr 135.62). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 73.03 to kr 135.62) 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 5.8B NOK (≈ $609M). 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 1.27 (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 Akva Group (AKVA)?
Earnings per share at Akva Group are kr 5.87 (price ÷ EPS = P/E 26.9). 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 1.3% (payout 34.1%). 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 4.8% (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 Akva Group (AKVA)?
The return on equity (ROE) of Akva Group is 15.7% (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 9.4% (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 +1.9% 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 +40.6% 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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Broad data
Nov 8, 2026