Kraft Bank Asa (KRAB) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kraft Bank Asa NOK 12.65, price NOK 12.60, upside +0.4%, quality 72 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 6.74 – kr 14.50 · fair‑value band kr 11.02 – kr 22.93 · the kr 12.60 price screens below the kr 12.65 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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Kraft Bank ASA provides refinancing of mortgages on loans and unsecured loans with and without collateral to individuals in Norway. It also offers deposit and saving products, investment, and advisory services. The company was founded in 2016 and is based in Sandnes, Norway.
Stock analysis
Kraft Bank Asa (KRAB) currently trades at kr 12.60, while our model-based Fair Value estimate is kr 12.65, implying the stock looks roughly 0.4% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 17.36 per share, and 2 of the 6 models we run sit above the kr 12.60 price.
Bear case: the Dividend Discount group reads lowest at kr 4.21, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 11.02 (bear) to kr 22.93 (bull), the price of kr 12.60 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 72/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kraft Bank Asa reported revenue of 214M NOK in FY2025 versus 131M NOK in FY2021, a compound +13.1%/yr. Reported net income was 65.0M NOK in FY2025, compounding +8.9%/yr from FY2021.
Key figures
Market cap 529M NOK (≈ $55.5M) · P/E ratio 7.9 · P/S ratio 2.40 · EPS (TTM) kr 1.60 · Dividend yield 6.0% · Net margin 30.4% · Return on equity 14.3% · Return on assets 1.5%.
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 13% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 0%, KRAB screens cheaper than that median.
Fair Value models
Bear kr 11.02Fair Value kr 12.65Bull kr 22.93
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 0.6168 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+42.4%
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.
+13.4%
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.
+19.6%
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.
+60.5%
’18
’19
’20
’21
’22
’23
’24
’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.
+14.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.9%
Dividend (yield on the price)6.0%
2025 sits 54% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
−26.4%
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 −28.2% 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.Banks - Regional · 1076 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+0% · Above median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets1% · Top 25%
Net margin (TTM)35% · Above median
Operating margin (TTM)45% · Above median
Growth and dividend
Revenue growth32% · Top 25%
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.08× · Lowest 25%
Valuation Multiplesvs Banks - Regional 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). "Kraft Bank Asa Fair Value". https://www.fairvalue-calculator.com/stock/KRAB
Frequently asked questions
Is Kraft Bank Asa (KRAB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 12.65 versus a price of kr 12.60, about +0% upside (fairly valued).
What is the fair value of KRAB?
Our model-based fair value for Kraft Bank Asa is kr 12.65 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 12.60.
What is the quality score of KRAB?
Kraft Bank Asa has a Quality Score of 72/100. 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 Kraft Bank Asa (KRAB)?
Our model-based price target is the fair value of kr 12.65 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario kr 11.02, optimistic scenario kr 22.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Kraft Bank Asa stock forecast for 2026?
Our models put fair value at kr 12.65, about +0% upside versus a price of kr 12.60 (fairly valued). Cautious scenario kr 11.02, optimistic scenario kr 22.93. The calculation is refreshed regularly with new filings.
What is the revenue of Kraft Bank Asa (KRAB)?
Kraft Bank Asa reported trailing-twelve-month revenue of about 203M NOK (latest available figure, as of Sep 24, 2026).
Does Kraft Bank Asa pay a dividend?
Kraft Bank Asa currently shows a dividend yield of about 6.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kraft Bank Asa (KRAB)?
For today's price to be fair in a discounted-cash-flow model, Kraft Bank Asa would have to grow free cash flow by -26.4 % 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 +19.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KRAB use?
Our models discount Kraft Bank Asa at 11.0 %: a base by market capitalisation (micro), damped by beta 0.46, 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 Kraft Bank Asa that is -26.4 % 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 Kraft Bank Asa (KRAB) delivered so far?
Over the past 5 years revenue at Kraft Bank Asa grew +19.6 % a year. The price currently implies -26.4 % 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 Kraft Bank Asa (KRAB) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Kraft Bank Asa (-26.4 % 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 Kraft Bank Asa (KRAB)?
The free-cash-flow yield on the price is 42.27 %: that much free cash flow Kraft Bank 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 Kraft Bank Asa (KRAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kraft Bank Asa it is kr 12.65 per share (as of Sep 24, 2026), against a price of kr 12.60. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Kraft Bank Asa stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KRAB trades below its calculated fair value: price kr 12.60, fair value kr 12.65, a gap of about +0% (fairly valued). 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 KRAB?
No. The price is what the market pays today (kr 12.60); the fair value is what the company's own numbers justify (kr 12.65). For Kraft Bank Asa the two are kr 0.0500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kraft Bank Asa worth?
The market values Kraft Bank Asa at about 529M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 12.60; our models calculate a fair value of kr 12.65 per share.
What do the bullish and bearish scenarios say about KRAB?
Our models span a range for Kraft Bank Asa: cautious scenario kr 11.02, base kr 12.65, optimistic kr 22.93 per share (as of Sep 24, 2026, price kr 12.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KRAB?
Kraft Bank Asa trades at a price-to-earnings ratio of 7.9 (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 12.65 is built from several models across several years. Other multiples: P/B 1.0, P/S 2.6.
How solid is the balance sheet of Kraft Bank Asa (KRAB)?
Balance-sheet figures for Kraft Bank Asa (as of Sep 24, 2026): return on equity 14.3%, debt of 0.08 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is KRAB from its 52-week high?
Kraft Bank Asa trades at kr 12.60, about 13% below its 52-week high of kr 14.50 and 23% above the low of kr 10.23 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 12.65 is for.
Which stocks are comparable to Kraft Bank Asa?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Kraft Bank Asa stock attractive at the current price?
The data as of Sep 24, 2026: price kr 12.60, calculated fair value kr 12.65 (+0%), Quality Score 72/100, from 6 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 KRAB calculated?
We run Kraft Bank Asa through 6 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 12.65, 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. Kraft Bank 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 Kraft Bank Asa (KRAB)?
The closing price on Sep 24, 2026 was kr 12.60. Our model-based fair value is kr 12.65, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kraft Bank Asa right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 11.02 to kr 22.93) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Kraft Bank Asa
How large is the market capitalisation of Kraft Bank Asa (KRAB)?
The market capitalisation of Kraft Bank Asa is 529M NOK (≈ $55.5M). 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 Kraft Bank Asa (KRAB)?
The price-to-sales ratio of Kraft Bank Asa is 2.40 (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 Kraft Bank Asa (KRAB)?
Earnings per share at Kraft Bank Asa are kr 1.60 (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kraft Bank Asa (KRAB)?
The dividend yield of Kraft Bank Asa is 6.0% (payout 47.5%). 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 Kraft Bank Asa (KRAB)?
The net margin of Kraft Bank Asa is 30.4% (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 Kraft Bank Asa (KRAB)?
The return on equity (ROE) of Kraft Bank Asa is 14.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Kraft Bank Asa (KRAB)?
The return on assets (ROA) of Kraft Bank Asa is 1.5% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Kraft Bank Asa (KRAB)?
The operating margin of Kraft Bank Asa is 44.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kraft Bank Asa (KRAB)?
Revenue at Kraft Bank Asa is growing +31.6% versus a year earlier (3y avg +13.4%). 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 Kraft Bank Asa (KRAB)?
Earnings per share at Kraft Bank Asa are growing +47.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kraft Bank Asa (KRAB) carry?
The net debt of Kraft Bank Asa is 40.4M NOK (fiscal year 2025, ≈ 0.2 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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