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Itera ASA (ITERA) Fair Value & Analysis

Technology · NO · Market cap 495M NOK

IA Itera ASA ITERA · OL
Pricekr 6.88
Fair Valuekr 5.66
Upside-17.7%
Quality70/100
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Mixed Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
3.19% dividend yield
Ranks above peers (9/15)
Moderate moat 56/100
Evidence: High Range kr 4.25 – kr 7.08 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 30 days ago

Share price +12.8% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from kr 4.25 (bear) to kr 7.08 (bull), base kr 5.66. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 13.72 kr 5.84 Fair Value kr 5.66 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range kr 5.84 – kr 13.72 · fair‑value band kr 4.25 – kr 7.08 · the kr 6.88 price screens above the kr 5.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Itera ASA (ITERA) currently trades at kr 6.88, while our model-based Fair Value estimate is kr 5.66, implying the stock looks roughly 17.7% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Itera ASA generated revenue of 836M NOK at a net margin of 2.5%. Revenue declined 3.8% year over year. It earns a return on equity of 37.9%. Net debt stands at 15.3M NOK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 4.25 (bear case) to kr 7.08 (bull case); at kr 6.88, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -18%, ITERA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF kr 6.42 kr 8.60 kr 11.32 80
Residual Income kr 1.41 kr 1.70 kr 6.30 76
Rev-Margin DCF kr 5.32 kr 7.65 kr 10.35 74
All 26 models by family
DCF Models
FCF DCF kr 6.38 kr 8.89 kr 12.21 38
Owner Earnings kr 5.44 kr 7.53 kr 10.31 31
5Y Revenue Exit kr 5.32 kr 7.60 kr 10.44 39
5Y EBITDA Exit kr 7.36 kr 11.40 kr 16.08 41
5Y P/E Exit kr 5.23 kr 7.43 kr 9.69 38
10Y Revenue Exit kr 5.59 kr 7.65 kr 10.31 36
10Y EBITDA Exit kr 6.88 kr 10.06 kr 14.23 37
10Y P/E Exit kr 5.64 kr 7.55 kr 9.79 35
Earnings-Based
Graham-Dodd kr 1.92 kr 5.91 kr 7.84 54
Lynch FV kr 1.27 kr 1.82 kr 2.36 50
PEG = 1.0 kr 1.27 kr 1.82 kr 2.36 46
EPV kr 3.31 kr 3.67 kr 3.97 59
Dividend Discount
Gordon GGM kr 2.35 kr 4.23 kr 5.83 70
DDM Multi-Stage kr 2.35 kr 3.63 kr 4.52 61
Multiples
P/E Multiple kr 4.25 kr 5.66 kr 7.08 63
P/S Multiple kr 3.61 kr 4.81 kr 6.01 58
P/B Multiple kr 1.27 kr 1.69 kr 2.11 55
EV/EBIT kr 6.82 kr 8.86 kr 10.90 53
EV/EBITDA kr 8.97 kr 11.73 kr 14.49 54
EV/Revenue kr 4.82 kr 6.59 kr 8.36 43
Asset-Based
NCAV (Graham) kr 0.2800 kr 0.3800 kr 0.5600 50
Growth DCF
Growth DCF kr 6.42 kr 8.60 kr 11.32 80
Rev-Margin DCF kr 5.32 kr 7.65 kr 10.35 74
Economic Profit
Residual Income kr 1.41 kr 1.70 kr 6.30 76
ROIC Compounder kr 3.31 kr 3.67 kr 3.97 72
Growth Earnings
Growth-Adj P/E kr 3.51 kr 5.02 kr 6.52 68

Widest divergence: Growth DCF (kr 7.65) versus Asset-Based (kr 0.3800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 836M NOK
Revenue growth (YoY) -3.8%
Net margin 2.5%
Return on equity 37.9%
Free cash flow 49.3M NOK FY2025
P/E ratio 25.0
More key figures
Operating margin 7.5%
EPS (TTM) kr 0.2600
Dividend yield 3.1%
EPS growth (YoY) -12.5%
Net debt 15.3M NOK FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 38

Profitability 76
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Itera ASA, together with its subsidiaries, develops digital solutions for businesses and organizations in Norway, Sweden, Denmark, Iceland, and internationally.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Itera ASA reported revenue of kr 844M in FY2025 versus kr 593M in FY2021, a compound +9.2%/yr. Reported net income was kr 23.0M in FY2025, compounding −15.1%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
844M NOK
Latest YoY
−0.6%
Avg. growth/yr (3Y) 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.
+4.7%
Avg. growth/yr (5Y) 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.
+6.5%
Avg. growth/yr (9Y) 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.
+7.9%
Revenue +9.2%/yr
FY21 kr 593M
FY22 kr 736M
FY23 kr 872M
FY24 kr 849M
FY25 kr 844M
Net income −15.1%/yr
FY21 kr 44.1M
FY22 kr 51.0M
FY23 kr 56.7M
FY24 kr 34.9M
FY25 kr 23.0M

ITERA screens 18% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Itera ASA Fair Value". https://www.fairvalue-calculator.com/stock/ITERA

Peer Group

Information Technology Services · 476 stocks

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.

Quality Score 70 · Top 25%
Fair Value upside −18% · Below median
Return on equity (TTM) 38% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 23.5× · Pricier than median
P/B 10.84× · Pricier than 75% of peers
P/S (TTM) 0.59× · Cheaper than median
P/FCF 1.1× · Cheaper than median
EV/EBITDA 11.6× · Pricier than median
PEG 0.36× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 10 · sector 22
FUTURE 0 · sector 29
PAST 100 · sector 37
HEALTH 98 · sector 97
DIVIDEND 64 · sector 37

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Itera ASA (ITERA) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 5.66 versus a price of kr 6.88, about −18% (overvalued).
What is the fair value of ITERA?
Our model-based fair value for Itera ASA is kr 5.66 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 6.88.
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 revenue of Itera ASA (ITERA)?
Itera ASA reported trailing-twelve-month revenue of about 836M NOK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ITERA?
The net profit margin of Itera ASA is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Itera ASA pay a dividend?
Itera ASA currently shows a dividend yield of about 3.08% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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