BW Energy Ltd (BWE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of BW Energy Ltd NOK 77.40, price NOK 56.40, upside +37.2%, quality 46 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 23, 2026.
How to read this chart
60‑month range kr 19.26 – kr 62.00 · fair‑value band kr 45.47 – kr 113.49 · the kr 56.40 price screens below the kr 77.40 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 23, 2026.
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BW Energy Limited, together with its subsidiaries, engages in the exploration and production of oil and gas properties. It holds interests in various shallow- and deep-water assets located in Gabon, Brazil, and Namibia. The company was founded in 2016 and is based in Hamilton, Bermuda. BW Energy Limited is a subsidiary of Bw Group Limited.
Stock analysis
BW Energy Ltd (BWE) currently trades at kr 56.40, while our model-based Fair Value estimate is kr 77.40, implying the stock looks roughly 27.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 21.13 per share, and 0 of the 14 models we run sit above the kr 56.40 price.
Bear case: the Earnings-Based group reads lowest at kr 18.03, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 45.47 (bear) to kr 113.49 (bull), the price of kr 56.40 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 46/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BW Energy Ltd reported revenue of $778M in FY2025 versus $272M in FY2021, a compound +30.1%/yr. Reported net income was $133M in FY2025, compounding +26.5%/yr from FY2021.
Key figures
Market cap 14.6B NOK (≈ $1.5B) · P/E ratio 19.0 · P/S ratio 3.25 · EPS (TTM) kr 2.97 · Net margin 17.1% · Return on equity 8.8% · Return on assets (EBIT) 9.7% · Operating margin 36.2%.
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 9% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 37%, BWE screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 1.76 to kr 24.42). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 45.47Fair Value kr 77.40Bull kr 113.49
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 2.17 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.41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.1%
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.
+41.0%
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.
+37.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+53.3%
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+35.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.6%
Dividend (yield on the price)0.0%
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.1% → 27%
2025 sits 64% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (69 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 E&P · 306 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Above median
Fair Value upside+37% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets6% · Top 25%
Net margin (TTM)12% · Above median
Operating margin (TTM)36% · Above median
Growth and dividend
Revenue growth−39% · Bottom 25%
Balance sheet
Debt / equity0.63× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P 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). "BW Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BWE
Frequently asked questions
Is BW Energy Ltd (BWE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 77.40 versus a price of kr 56.40, about +37% upside (undervalued).
What is the fair value of BWE?
Our model-based fair value for BW Energy Ltd is kr 77.40 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 56.40.
What is the quality score of BWE?
BW Energy Ltd has a Quality Score of 46/100. 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 BW Energy Ltd (BWE)?
Our model-based price target is the fair value of kr 77.40 (as of Sep 23, 2026) from 14 valuation models. Cautious scenario kr 45.47, optimistic scenario kr 113.49. It is a calculation from audited fundamentals, not an analyst target.
What is the BW Energy Ltd stock forecast for 2026?
Our models put fair value at kr 77.40, about +37% upside versus a price of kr 56.40 (undervalued). Cautious scenario kr 45.47, optimistic scenario kr 113.49. The calculation is refreshed regularly with new filings.
What is the revenue of BW Energy Ltd (BWE)?
BW Energy Ltd reported trailing-twelve-month revenue of about 670M NOK (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of BW Energy Ltd (BWE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BW Energy Ltd it is kr 77.40 per share (as of Sep 23, 2026), against a price of kr 56.40. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is BW Energy Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BWE trades below its calculated fair value: price kr 56.40, fair value kr 77.40, a gap of about +37% (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 BWE?
No. The price is what the market pays today (kr 56.40); the fair value is what the company's own numbers justify (kr 77.40). For BW Energy Ltd the two are kr 21.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is BW Energy Ltd worth?
The market values BW Energy Ltd at about 14.6B NOK (market capitalisation, as of Sep 23, 2026). Per share that is kr 56.40; our models calculate a fair value of kr 77.40 per share.
What do the bullish and bearish scenarios say about BWE?
Our models span a range for BW Energy Ltd: cautious scenario kr 45.47, base kr 77.40, optimistic kr 113.49 per share (as of Sep 23, 2026, price kr 56.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BWE?
BW Energy Ltd trades at a price-to-earnings ratio of 19.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 77.40 is built from several models across several years. Other multiples: P/B 1.5, P/S 2.3, EV/EBITDA 6.9.
How solid is the balance sheet of BW Energy Ltd (BWE)?
Balance-sheet figures for BW Energy Ltd (as of Sep 23, 2026): return on equity 8.8%, debt of 0.63 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is BWE from its 52-week high?
BW Energy Ltd trades at kr 56.40, about 9% below its 52-week high of kr 62.00 and 60% above the low of kr 35.20 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 77.40 is for.
Which stocks are comparable to BW Energy Ltd?
From the same area (Energy) we also value CNOOC Limited, ConocoPhillips explores for,, Canadian Natural Resources Limited, EOG Resources, Inc, 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 BW Energy Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price kr 56.40, calculated fair value kr 77.40 (+37%), Quality Score 46/100, from 14 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 BWE calculated?
We run BW Energy Ltd through 14 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 77.40, 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. BW Energy Ltd currently trades 37 % 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 BW Energy Ltd (BWE)?
The closing price on Sep 23, 2026 was kr 56.40. Our model-based fair value is kr 77.40, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BW Energy Ltd right now?
Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 45.47 to kr 113.49) leaves room in how you read the outcome.
Key figures of BW Energy Ltd
How large is the market capitalisation of BW Energy Ltd (BWE)?
The market capitalisation of BW Energy Ltd is 14.6B NOK (≈ $1.5B). 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 BW Energy Ltd (BWE)?
The price-to-sales ratio of BW Energy Ltd is 3.25 (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 BW Energy Ltd (BWE)?
Earnings per share at BW Energy Ltd are kr 2.97 (price ÷ EPS = P/E 19.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BW Energy Ltd (BWE)?
The net margin of BW Energy Ltd is 17.1% (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 BW Energy Ltd (BWE)?
The return on equity (ROE) of BW Energy Ltd is 8.8% (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 BW Energy Ltd (BWE)?
On an EBIT basis the return on assets of BW Energy Ltd is 9.7% (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 BW Energy Ltd (BWE)?
The operating margin of BW Energy Ltd is 36.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BW Energy Ltd (BWE)?
Revenue at BW Energy Ltd is growing −38.6% versus a year earlier (3y avg +41.0%). 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 BW Energy Ltd (BWE)?
Earnings per share at BW Energy Ltd are growing −59.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BW Energy Ltd (BWE) generate?
The free cash flow of BW Energy Ltd is −130M 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 BW Energy Ltd (BWE) carry?
The net debt of BW Energy Ltd is 478M 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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Sep 23, 2026