Eidesvik Offshore ASA (EIOF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Eidesvik Offshore ASA stock NOK 7.76, price NOK 17.35, that is 55.3% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 9, 2026.
How to read this chart
60‑month range kr 3.22 – kr 18.72 · fair‑value band kr 7.76 – kr 9.70 · the kr 17.35 price screens above the kr 7.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Eidesvik Offshore ASA provides services to the offshore supply, subsea, and offshore wind market in Norway. The company operates through Supply, Subsea/Offshore Renewables, and Other segments. It offers services to the offshore oil industry.
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The company also provides shipping services for subsea work for the oil industry, as well as various services for the offshore renewable market.
In addition, it is involved in the provision of cargo supply of pipes between onshore bases and offshore oilfields; owns and operates a fleet of subsea construction vessels; and construction and module handling, inspections, and maintenance and repair of subsea installation.
The company was founded in 2004 and is headquartered in Bømlo, Norway. Eidesvik Offshore ASA is a subsidiary of Eidesvik Invest AS.
Stock analysis
Eidesvik Offshore ASA (EIOF) currently trades at kr 17.35, while our model-based Fair Value estimate is kr 7.76, 55% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of kr 14.81 per share, and 0 of the 14 models we run sit above the kr 17.35 price.
Bear case: the Dividend Discount group reads lowest at kr 1.82, and 14 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 7.76 (bear) to kr 9.70 (bull), the price of kr 17.35 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 37/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Eidesvik Offshore ASA reported revenue of 785M NOK in FY2025 versus 569M NOK in FY2021, a compound +8.4%/yr. Reported net income was 68.2M NOK in FY2025, compounding +22.1%/yr from FY2021.
Key figures
Market cap 1.3B NOK (≈ $134M) Micro · P/E ratio 22.2 · P/S ratio 1.62 · EPS (TTM) kr 0.7800 · Dividend yield 1.2% · Net margin 7.0% · Return on equity 5.7% · Return on assets (EBIT) 11.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −55%, EIOF screens richer than that median.
Fair Value models
Bearkr 7.76Fair Value kr 7.76Bullkr 9.70
Price kr 17.35 · Downside -55.3%
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 0.4974 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.40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.4%
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.
+7.3%
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.
+9.0%
Start year 2020 (pandemic). Over 10 years: −3.5% a year
Revenue growth 23 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.
+1.9%
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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.
+14.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.6%
Dividend (yield on the price)1.2%
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.−40% → 13%
⚠ Revenue per share shrinking 8.7%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−55.3% · Bottom 25%
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets3.1% · Above median
Net margin (12 months)11.7% · Above median
Operating margin (12 months)12.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.0% · Below median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.70× · Highest 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)22.2× · Pricier than median
P/B0.78× · Cheaper than median
P/S (12 months)2.71× · Priciest 25%
EV/EBITDA12.9× · Priciest 25%
PEG1.42× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)15· sector 36
PAST (return on equity)23· sector 28
HEALTH (low debt)65· sector 92
DIVIDEND (yield)23· sector 44
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.
Is Eidesvik Offshore ASA (EIOF) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 7.76 versus a price of kr 17.35, about 55% lower (overvalued).
What is the fair value of EIOF?
Our model-based fair value for Eidesvik Offshore ASA is kr 7.76 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 17.35.
What is the quality score of EIOF?
Eidesvik Offshore ASA has a Quality Score of 37/100. 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 Eidesvik Offshore ASA (EIOF)?
Our model-based price target is the fair value of kr 7.76 (as of Nov 9, 2026) from 14 valuation models. Cautious scenario kr 7.76, optimistic scenario kr 9.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Eidesvik Offshore ASA stock forecast for 2026?
Our models put fair value at kr 7.76, about 55% lower versus a price of kr 17.35 (overvalued). Cautious scenario kr 7.76, optimistic scenario kr 9.70. The calculation is refreshed regularly with new filings.
What is the revenue of Eidesvik Offshore ASA (EIOF)?
Eidesvik Offshore ASA reported trailing-twelve-month revenue of about 778M NOK (latest available figure, as of Nov 9, 2026).
Does Eidesvik Offshore ASA pay a dividend?
Eidesvik Offshore ASA currently shows a dividend yield of 1.15% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Eidesvik Offshore ASA (EIOF) and when is the ex-dividend date?
Eidesvik Offshore ASA pays a dividend of kr 0.2 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Apr 24, 2026. The payout ratio is 25.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Eidesvik Offshore ASA (EIOF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eidesvik Offshore ASA it is kr 7.76 per share (as of Nov 9, 2026), against a price of kr 17.35. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Eidesvik Offshore ASA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, EIOF trades above its calculated fair value: price kr 17.35, fair value kr 7.76, a gap of about −55% (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 EIOF?
No. The price is what the market pays today (kr 17.35); the fair value is what the company's own numbers justify (kr 7.76). For Eidesvik Offshore ASA the two are kr 9.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eidesvik Offshore ASA worth?
The market values Eidesvik Offshore ASA at about 1.3B NOK (market capitalisation, as of Nov 9, 2026). Per share that is kr 17.35; our models calculate a fair value of kr 7.76 per share.
What do the bullish and bearish scenarios say about EIOF?
Our models span a range for Eidesvik Offshore ASA: cautious scenario kr 7.76, base kr 7.76, optimistic kr 9.70 per share (as of Nov 9, 2026, price kr 17.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EIOF?
Eidesvik Offshore ASA trades at a price-to-earnings ratio of 22.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 7.76 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 8.2. Other multiples: PEG 1.4, P/B 0.8, P/S 2.7, EV/EBITDA 12.9.
What is the PEG ratio of EIOF?
The PEG ratio of Eidesvik Offshore ASA is 1.42 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Eidesvik Offshore ASA (EIOF)?
Balance-sheet figures for Eidesvik Offshore ASA (as of Nov 9, 2026): return on equity 5.7%, debt of 0.70 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is EIOF from its 52-week high?
Eidesvik Offshore ASA trades at kr 17.35, about 3% below its 52-week high of kr 17.90 and 43% above the low of kr 12.11 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 7.76 is for.
Which stocks are comparable to Eidesvik Offshore ASA?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Tenaris S.A, Halliburton Company, 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 Eidesvik Offshore ASA stock attractive at the current price?
The data as of Nov 9, 2026: price kr 17.35, calculated fair value kr 7.76 (−55%), Quality Score 37/100, 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 EIOF calculated?
We run Eidesvik Offshore ASA through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 7.76 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. Eidesvik Offshore 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 Eidesvik Offshore ASA (EIOF)?
The closing price on Nov 6, 2026 was kr 17.35. Our model-based fair value is kr 7.76, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eidesvik Offshore ASA right now?
The price sits above even our optimistic bull case (kr 9.70). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Eidesvik Offshore ASA (EIOF) come from?
Earnings per share at Eidesvik Offshore ASA grew −2.1 % a year from 2012 to 2023. Broken into its drivers: revenue per share −9.3 %, EBIT margin +7.2 %, tax rate +0.2 %, residual (interest, one-offs) +0.5 %. 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 Eidesvik Offshore ASA
How large is the market capitalisation of Eidesvik Offshore ASA (EIOF)?
The market capitalisation of Eidesvik Offshore ASA is 1.3B NOK (≈ $134M). 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 Eidesvik Offshore ASA (EIOF)?
The price-to-sales ratio of Eidesvik Offshore ASA is 1.62 (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 Eidesvik Offshore ASA (EIOF)?
Earnings per share at Eidesvik Offshore ASA are kr 0.7800 (price ÷ EPS = P/E 22.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eidesvik Offshore ASA (EIOF)?
The dividend yield of Eidesvik Offshore ASA is 1.2% (payout 25.6%). 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 Eidesvik Offshore ASA (EIOF)?
The net margin of Eidesvik Offshore ASA is 7.0% (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 Eidesvik Offshore ASA (EIOF)?
The return on equity (ROE) of Eidesvik Offshore ASA is 5.7% (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 Eidesvik Offshore ASA (EIOF)?
On an EBIT basis the return on assets of Eidesvik Offshore ASA is 11.2% (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 Eidesvik Offshore ASA (EIOF)?
The operating margin of Eidesvik Offshore ASA is 12.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eidesvik Offshore ASA (EIOF)?
Revenue at Eidesvik Offshore ASA is growing +3.0% versus a year earlier (3y avg +7.3%). 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 Eidesvik Offshore ASA (EIOF)?
Earnings per share at Eidesvik Offshore ASA are growing −26.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Eidesvik Offshore ASA (EIOF) generate?
The free cash flow of Eidesvik Offshore ASA is −626M 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 Eidesvik Offshore ASA (EIOF) carry?
The net debt of Eidesvik Offshore ASA is 907M 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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Some data
Nov 9, 2026