Aurskog Sparebank (AURG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Aurskog Sparebank NOK 499, price NOK 259, upside +92.6%, quality 40 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 117.11 – kr 262.80 · fair‑value band kr 458.23 – kr 618.67 · the kr 258.95 price screens below the kr 498.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Aurskog Sparebank provides various banking products and services for individuals and corporate customers in Norway. The company offers business, investment, deposit, agricultural, and client, as well as group accounts systems.
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Aurskog Sparebank provides various banking products and services for individuals and corporate customers in Norway. The company offers business, investment, deposit, agricultural, and client, as well as group accounts systems. It also provides green business, bank guarantee, business, and construction loans, as well as factoring, overdraft, and leasing services; green agricultural loans; mortgages; refinancing consumer debt, car, motorcycle, motorhomes, boats and ATVs; and consumer loans. In addition, it offers payment solutions, such as AgreementGiro, corporate connect, eInvoice, pay with KID, in-store cash services, and payment terminal, as well as business card and credit cards. Further, it offers agriculture, vehicle, staff and employee's, and business and value insurances; contents, dog, travel, child, valuables, home, car and other vehicles, house and belongings, life and health, and animal insurances; online banking and mobile banking; and pension and savings products. Aurskog Sparebank was founded in 1846 and is headquartered in Aurskog, Norway.
Stock analysis
Aurskog Sparebank (AURG) currently trades at kr 258.95, while our model-based Fair Value estimate is kr 498.80, implying the stock looks roughly 48.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 730.80 per share, and 4 of the 6 models we run sit above the kr 258.95 price.
Bear case: the Dividend Discount group reads lowest at kr 149.26, and 2 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 458.23 (bear) to kr 618.67 (bull), the price of kr 258.95 sits below 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 40/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Aurskog Sparebank reported revenue of 524M NOK in FY2025 versus 374M NOK in FY2021, a compound +8.8%/yr. Reported net income was 260M NOK in FY2025, compounding +19.5%/yr from FY2021.
Key figures
Market cap 1.2B NOK (≈ $126M) · P/E ratio 4.7 · P/S ratio 2.31 · EPS (TTM) kr 55.58 · Dividend yield 6.6% · Net margin 49.6% · Return on equity 10.7% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 93%, AURG screens cheaper than that median.
Fair Value models
Bear kr 458.23Fair Value kr 498.80Bull kr 618.67
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 28.33 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−55.4%
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.
−2.3%
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.
+6.8%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 22 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.
+4.7%
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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.
+20.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)6.6%
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.14% vs 7%, picking up
Profit margin 2019 to 2024 ⓘ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.36% → 26%
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.Banks - Regional · 1076 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+93% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets1% · Above median
Net margin (TTM)50% · Top 25%
Operating margin (TTM)57% · Top 25%
Growth and dividend
Revenue growth3% · Below median
Dividend yield (TTM)6.6% · Top 25%
Balance sheet
Debt / equity2.43× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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). "Aurskog Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/AURG
Frequently asked questions
Is Aurskog Sparebank (AURG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 498.80 versus a price of kr 258.95, about +93% upside (undervalued).
What is the fair value of AURG?
Our model-based fair value for Aurskog Sparebank is kr 498.80 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 258.95.
What is the quality score of AURG?
Aurskog Sparebank has a Quality Score of 40/100. 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 Aurskog Sparebank (AURG)?
Our model-based price target is the fair value of kr 498.80 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario kr 458.23, optimistic scenario kr 618.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Aurskog Sparebank stock forecast for 2026?
Our models put fair value at kr 498.80, about +93% upside versus a price of kr 258.95 (undervalued). Cautious scenario kr 458.23, optimistic scenario kr 618.67. The calculation is refreshed regularly with new filings.
What is the revenue of Aurskog Sparebank (AURG)?
Aurskog Sparebank reported trailing-twelve-month revenue of about 520M NOK (latest available figure, as of Sep 24, 2026).
Does Aurskog Sparebank pay a dividend?
Aurskog Sparebank currently shows a dividend yield of about 6.56% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Aurskog Sparebank (AURG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aurskog Sparebank it is kr 498.80 per share (as of Sep 24, 2026), against a price of kr 258.95. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Aurskog Sparebank stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AURG trades below its calculated fair value: price kr 258.95, fair value kr 498.80, a gap of about +93% (undervalued). 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 AURG?
No. The price is what the market pays today (kr 258.95); the fair value is what the company's own numbers justify (kr 498.80). For Aurskog Sparebank the two are kr 239.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aurskog Sparebank worth?
The market values Aurskog Sparebank at about 1.2B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 258.95; our models calculate a fair value of kr 498.80 per share.
What do the bullish and bearish scenarios say about AURG?
Our models span a range for Aurskog Sparebank: cautious scenario kr 458.23, base kr 498.80, optimistic kr 618.67 per share (as of Sep 24, 2026, price kr 258.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AURG?
Aurskog Sparebank trades at a price-to-earnings ratio of 4.7 (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 498.80 is built from several models across several years. Other multiples: P/B 0.5, P/S 2.3, EV/EBITDA 23.4.
How solid is the balance sheet of Aurskog Sparebank (AURG)?
Balance-sheet figures for Aurskog Sparebank (as of Sep 24, 2026): return on equity 10.7%, debt of 2.43 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is AURG from its 52-week high?
Aurskog Sparebank trades at kr 258.95, about 1% below its 52-week high of kr 262.80 and 17% above the low of kr 221.74 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 498.80 is for.
Which stocks are comparable to Aurskog Sparebank?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Aurskog Sparebank stock attractive at the current price?
The data as of Sep 24, 2026: price kr 258.95, calculated fair value kr 498.80 (+93%), Quality Score 40/100, from 6 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 AURG calculated?
We run Aurskog Sparebank through 6 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 498.80, 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. Aurskog Sparebank currently trades 93 % below its own fair value, and the market average says nothing about that. 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 Aurskog Sparebank (AURG)?
The closing price on Sep 24, 2026 was kr 258.95. Our model-based fair value is kr 498.80, about +93% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aurskog Sparebank right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 458.23). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Aurskog Sparebank (AURG) come from?
Earnings per share at Aurskog Sparebank grew +5.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.9 %, EBIT margin +3.3 %, tax rate +0.2 %, residual (interest, one-offs) +0.0 %. 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 Aurskog Sparebank
How large is the market capitalisation of Aurskog Sparebank (AURG)?
The market capitalisation of Aurskog Sparebank is 1.2B NOK (≈ $126M). 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 Aurskog Sparebank (AURG)?
The price-to-sales ratio of Aurskog Sparebank is 2.31 (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 Aurskog Sparebank (AURG)?
Earnings per share at Aurskog Sparebank are kr 55.58 (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aurskog Sparebank (AURG)?
The dividend yield of Aurskog Sparebank is 6.6% (payout 30.6%). 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 Aurskog Sparebank (AURG)?
The net margin of Aurskog Sparebank is 49.6% (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 Aurskog Sparebank (AURG)?
The return on equity (ROE) of Aurskog Sparebank is 10.7% (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 Aurskog Sparebank (AURG)?
On an EBIT basis the return on assets of Aurskog Sparebank is 1.4% (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 Aurskog Sparebank (AURG)?
The operating margin of Aurskog Sparebank is 56.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aurskog Sparebank (AURG)?
Revenue at Aurskog Sparebank is growing +2.8% versus a year earlier (3y avg −2.3%). 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 Aurskog Sparebank (AURG)?
Earnings per share at Aurskog Sparebank are growing −15.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aurskog Sparebank (AURG) generate?
The free cash flow of Aurskog Sparebank is −525M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Aurskog Sparebank (AURG) carry?
The net debt of Aurskog Sparebank is 6.2B NOK (fiscal year 2025). 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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