Itera ASA (ITERA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Itera ASA NOK 7.92, price NOK 6.08, upside +30.3%, quality 70 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 5.84 – kr 13.72 · fair‑value band kr 5.94 – kr 9.91 · the kr 6.08 price screens below the kr 7.92 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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Itera ASA, together with its subsidiaries, develops digital solutions for businesses and organizations in Norway, Sweden, Denmark, Iceland, and internationally.
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Itera ASA, together with its subsidiaries, develops digital solutions for businesses and organizations in Norway, Sweden, Denmark, Iceland, and internationally. It offers data, artificial intelligence and analytics; business consulting; design; agile technology management; development and architecture; and test and quality assurance solutions, as well as cloud and application services. The company also provides various services in the digital strategy and consulting, customer experience, technology, and cloud operations. It serves banking and insurance, energy and utilities, industry and manufacturing, defense, health and public services, technology and communication, and products and retail industries. Itera ASA was founded in 1989 and is headquartered in Oslo, Norway.
Stock analysis
Itera ASA (ITERA) currently trades at kr 6.08, while our model-based Fair Value estimate is kr 7.92, implying the stock looks roughly 23.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 8.08 per share, and 15 of the 26 models we run sit above the kr 6.08 price.
Bear case: the Economic Profit group reads lowest at kr 1.56, and 11 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 5.94 (bear) to kr 9.91 (bull), the price of kr 6.08 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 70/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Itera ASA reported revenue of 844M NOK in FY2025 versus 593M NOK in FY2021, a compound +9.2%/yr. Reported net income was 23.0M NOK in FY2025, compounding −15.1%/yr from FY2021.
Key figures
Market cap 497M NOK (≈ $52.1M) · P/E ratio 23.4 · P/S ratio 0.64 · EPS (TTM) kr 0.2600 · Dividend yield 3.3% · Net margin 2.7% · Return on equity 37.9% · Return on assets (EBIT) 25.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 30%, ITERA screens richer than that median.
Fair Value models
Bear kr 5.94Fair Value kr 7.92Bull kr 9.91
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 0.0441 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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.6%
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.
+4.7%
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.
+6.5%
Start year 2020 (pandemic)
Revenue growth 9 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.
+7.9%
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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.
−9.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.4%
Dividend (yield on the price)3.3%
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.−12% vs −1%, slowing
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.10% → 4%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−2.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about −4.7% a year for the price.
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.Information Technology Services · 498 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+30% · Above median
Profitability
Return on equity (TTM)38% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)3% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−4% · Bottom 25%
Dividend yield (TTM)3.3% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Information Technology Services 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). "Itera ASA Fair Value". https://www.fairvalue-calculator.com/stock/ITERA
Frequently asked questions
Is Itera ASA (ITERA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 7.92 versus a price of kr 6.08, about +30% upside (undervalued).
What is the fair value of ITERA?
Our model-based fair value for Itera ASA is kr 7.92 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 6.08.
What is the quality score of ITERA?
Itera ASA has a Quality Score of 70/100. 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 Itera ASA (ITERA)?
Our model-based price target is the fair value of kr 7.92 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 5.94, optimistic scenario kr 9.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Itera ASA stock forecast for 2026?
Our models put fair value at kr 7.92, about +30% upside versus a price of kr 6.08 (undervalued). Cautious scenario kr 5.94, optimistic scenario kr 9.91. The calculation is refreshed regularly with new filings.
What is the revenue of Itera ASA (ITERA)?
Itera ASA reported trailing-twelve-month revenue of about 836M NOK (latest available figure, as of Sep 24, 2026).
Does Itera ASA pay a dividend?
Itera ASA currently shows a dividend yield of about 3.29% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Itera ASA (ITERA)?
For today's price to be fair in a discounted-cash-flow model, Itera ASA would have to grow free cash flow by -2.4 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ITERA use?
Our models discount Itera ASA at 11.0 %: a base by market capitalisation (micro), damped by beta 0.17, 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 Itera ASA that is -2.4 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Itera ASA (ITERA) delivered so far?
Over the past 5 years revenue at Itera ASA grew +6.5 % a year. The price currently implies -2.4 % per year free-cash-flow growth a 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 Itera ASA (ITERA) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Itera ASA (-2.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Itera ASA (ITERA)?
The free-cash-flow yield on the price is 9.93 %: that much free cash flow Itera ASA produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Itera ASA (ITERA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Itera ASA it is kr 7.92 per share (as of Sep 24, 2026), against a price of kr 6.08. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Itera ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ITERA trades below its calculated fair value: price kr 6.08, fair value kr 7.92, a gap of about +30% (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 ITERA?
No. The price is what the market pays today (kr 6.08); the fair value is what the company's own numbers justify (kr 7.92). For Itera ASA the two are kr 1.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Itera ASA worth?
The market values Itera ASA at about 497M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 6.08; our models calculate a fair value of kr 7.92 per share.
What do the bullish and bearish scenarios say about ITERA?
Our models span a range for Itera ASA: cautious scenario kr 5.94, base kr 7.92, optimistic kr 9.91 per share (as of Sep 24, 2026, price kr 6.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITERA?
Itera ASA trades at a price-to-earnings ratio of 23.4 (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 7.92 is built from several models across several years. Other multiples: PEG 0.4, P/B 10.9, P/S 0.6, EV/EBITDA 11.6.
What is the PEG ratio of ITERA?
The PEG ratio of Itera ASA is 0.36 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Itera ASA (ITERA)?
Balance-sheet figures for Itera ASA (as of Sep 24, 2026): return on equity 37.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ITERA from its 52-week high?
Itera ASA trades at kr 6.08, about 27% below its 52-week high of kr 8.35 and 4% above the low of kr 5.84 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 7.92 is for.
Which stocks are comparable to Itera ASA?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Itera ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 6.08, calculated fair value kr 7.92 (+30%), Quality Score 70/100, from 26 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 ITERA calculated?
We run Itera ASA through 26 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 7.92, 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 14.0 % above its aggregate fair value. Itera ASA currently trades 30 % 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 Itera ASA (ITERA)?
The closing price on Sep 24, 2026 was kr 6.08. Our model-based fair value is kr 7.92, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Itera ASA right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Itera ASA
How large is the market capitalisation of Itera ASA (ITERA)?
The market capitalisation of Itera ASA is 497M NOK (≈ $52.1M). 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 Itera ASA (ITERA)?
The price-to-sales ratio of Itera ASA is 0.64 (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 Itera ASA (ITERA)?
Earnings per share at Itera ASA are kr 0.2600 (price ÷ EPS = P/E 23.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Itera ASA (ITERA)?
The dividend yield of Itera ASA is 3.3% (payout 76.9%). 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 Itera ASA (ITERA)?
The net margin of Itera ASA is 2.7% (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 Itera ASA (ITERA)?
The return on equity (ROE) of Itera ASA is 37.9% (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 Itera ASA (ITERA)?
On an EBIT basis the return on assets of Itera ASA is 25.0% (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 Itera ASA (ITERA)?
The operating margin of Itera ASA is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Itera ASA (ITERA)?
Revenue at Itera ASA is growing −3.8% versus a year earlier (3y avg +4.7%). 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 Itera ASA (ITERA)?
Earnings per share at Itera ASA are growing −12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Itera ASA (ITERA) carry?
The net debt of Itera ASA is 15.3M NOK (fiscal year 2024, ≈ 0.3 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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