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Data-driven stock valuation

Green Minerals AS (GEM) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Green Minerals AS stock NOK 0.15, price NOK 1.13, that is 86.5% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials NO · ISIN NO0010907744

GM Green Minerals AS logo Thin data Nov 5, 2026

Green Minerals AS

GEM · OL
Very expensive, weak quality

Our calculation puts a fair price 86% below what the stock costs today.

Quality 49/100
Fair value kr 0.1530 · Strongly overvalued
Weak Growth (revenue YoY +0.0 %/yr in NOK)
Negative free cash flow
Trails peers (1/7)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 16.90 kr 1.01 Fair Value kr 0.1530 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range kr 1.01 – kr 16.90 · fair‑value band kr 0.1020 – kr 0.1955 · the kr 1.13 price screens above the kr 0.1530 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Green Minerals AS engages in the offshore mining and marine mineral businesses in Norway. It is involved in the deep sea mining of minerals and rare earth elements. The company was incorporated in 2020 and is headquartered in Oslo, Norway.

Stock analysis

Green Minerals AS (GEM) currently trades at kr 1.13, while our model-based Fair Value estimate is kr 0.1530, 86% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: kr 0.1020 (bear) to kr 0.1955 (bull), the price of kr 1.13 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 49/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Green Minerals AS reported revenue of 0 NOK in FY2025 versus 0 NOK in FY2021. Reported net income was −4.7M NOK in FY2025.

Key figures

Market cap 22.7M NOK (≈ $2.4M) Micro · EPS (TTM) kr −0.2200 · Return on equity −63.1% · Return on assets (EBIT) −150% (5-year average) · Revenue (TTM) 6.0K NOK · Free cash flow −9.4M NOK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −86%, GEM screens richer than that median.

Fair Value models

Bear kr 0.1020 Fair Value kr 0.1530 Bull kr 0.1955
Price kr 1.13 · Downside -86.5%
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. 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.
Best data coverage
NCAV (Graham) kr 0.1200 kr 0.1800 kr 0.2300 52
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.1200 kr 0.1800 kr 0.2300 52

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 49/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 54
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 16
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

GEM screens overvalued: fair value 86% below the price. Compare with BHP Group →

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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.Other Industrial Metals & Mining · 372 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Above median
Fair Value upside −86.5% · Bottom 25%
Profitability
Return on assets −60.2% · Bottom 25%
Operating margin (12 months) 0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 3.13× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹261.75 ₹334.17 +28% vs GEM
Saudi Arabian Mining Company 1211 58.25 SAR 64.96 SAR +12% vs GEM
Hindustan Zinc Limited HINDZINC ₹568.10 ₹624.91 +10% vs GEM
Western Mining Co 601168 ¥27.56 ¥30.32 +10% vs GEM
Boliden AB BOL kr 503.40 kr 464.45 −8% vs GEM
BHP Group BHP A$59.20 A$47.85 −19% vs GEM
Zhejiang Huayou Cobalt Co 603799 ¥33.04 ¥25.57 −23% vs GEM
Korea Zinc Company 010130 960,000 KRW 649,125 KRW −32% vs GEM
CMOC Group 603993 ¥13.29 ¥6.82 −49% vs GEM
China Tungsten And Hightech Materials Co 000657 ¥38.65 ¥4.44 −89% vs GEM

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Green Minerals AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Green Minerals AS Fair Value". https://www.fairvalue-calculator.com/stock/GEM

Frequently asked questions

Is Green Minerals AS (GEM) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of kr 0.1530 versus a price of kr 1.13, about 86% lower (overvalued).
What is the fair value of GEM?
Our model-based fair value for Green Minerals AS is kr 0.1530 (as of Nov 5, 2026), built from audited fundamentals. The current price: kr 1.13.
What is the quality score of GEM?
Green Minerals AS has a Quality Score of 49/100. 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 Green Minerals AS (GEM)?
Our model-based price target is the fair value of kr 0.1530 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario kr 0.1020, optimistic scenario kr 0.1955. It is a calculation from audited fundamentals, not an analyst target.
What is the Green Minerals AS stock forecast for 2026?
Our models put fair value at kr 0.1530, about 86% lower versus a price of kr 1.13 (overvalued). Cautious scenario kr 0.1020, optimistic scenario kr 0.1955. The calculation is refreshed regularly with new filings.
What is the revenue of Green Minerals AS (GEM)?
Green Minerals AS reported trailing-twelve-month revenue of about 6.0K NOK (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Green Minerals AS (GEM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Green Minerals AS it is kr 0.1530 per share (as of Nov 5, 2026), against a price of kr 1.13. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Green Minerals AS stock overvalued or undervalued in 2026?
As of Nov 5, 2026, GEM trades above its calculated fair value: price kr 1.13, fair value kr 0.1530, a gap of about −86% (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 GEM?
No. The price is what the market pays today (kr 1.13); the fair value is what the company's own numbers justify (kr 0.1530). For Green Minerals AS the two are kr 0.9770 per share apart. That gap is exactly why we show both numbers side by side.
How much is Green Minerals AS worth?
The market values Green Minerals AS at about 22.7M NOK (market capitalisation, as of Nov 5, 2026). Per share that is kr 1.13; our models calculate a fair value of kr 0.1530 per share.
What do the bullish and bearish scenarios say about GEM?
Our models span a range for Green Minerals AS: cautious scenario kr 0.1020, base kr 0.1530, optimistic kr 0.1955 per share (as of Nov 5, 2026, price kr 1.13). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Green Minerals AS (GEM)?
Balance-sheet figures for Green Minerals AS (as of Nov 5, 2026): return on equity −63.1%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is GEM from its 52-week high?
Green Minerals AS trades at kr 1.13, about 46% below its 52-week high of kr 2.08 and 12% above the low of kr 1.01 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.1530 is for.
Which stocks are comparable to Green Minerals AS?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc 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 Green Minerals AS stock attractive at the current price?
The data as of Nov 5, 2026: price kr 1.13, calculated fair value kr 0.1530 (−86%), Quality Score 49/100, from 1 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 GEM calculated?
We run Green Minerals AS through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 0.1530 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. Green Minerals AS 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 Green Minerals AS (GEM)?
The closing price on Nov 6, 2026 was kr 1.13. Our model-based fair value is kr 0.1530, about 86% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Green Minerals AS right now?
The price sits above even our optimistic bull case (kr 0.1955). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.1020 to kr 0.1955) leaves room in how you read the outcome.

Key figures of Green Minerals AS

How large is the market capitalisation of Green Minerals AS (GEM)?
The market capitalisation of Green Minerals AS is 22.7M NOK (≈ $2.4M). 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 are the earnings per share of Green Minerals AS (GEM)?
Earnings per share at Green Minerals AS are kr −0.2200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Green Minerals AS (GEM)?
The return on equity (ROE) of Green Minerals AS is −63.1% (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 Green Minerals AS (GEM)?
On an EBIT basis the return on assets of Green Minerals AS is −150% (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.
How much free cash flow does Green Minerals AS (GEM) generate?
The free cash flow of Green Minerals AS is −9.4M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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