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Lokotech Group AS (LOKO) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Lokotech Group AS stock NOK 0.13, price NOK 0.53, that is 76.0% below the price, quality 32 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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Technology NO · ISIN NO0010921299

LG Lokotech Group AS logo Thin data Nov 5, 2026

Lokotech Group AS

LOKO · OL
Very expensive, weak quality

Our calculation puts a fair price 76% below what the stock costs today.

Mixed Growth (revenue 3y +331.7 %/yr in NOK)
Revenue last quarter 27% below a year ago.
Fair value kr 0.1275 · Strongly overvalued
Quality 32/100
Negative free cash flow
Trails peers (0/8)
Narrow moat 12/100 · thin data
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 1.46 kr 0.2586 Fair Value kr 0.1275 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 0.2586 – kr 1.46 · fair‑value band kr 0.0850 – kr 0.1615 · the kr 0.5310 price screens above the kr 0.1275 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

Lokotech Group AS, a management and holding company, builds intergrade blockchain mining infrastructure and computing hardware.

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The company is involved in ASIC mining hardware through its Hashblade platform and data center operations, as well as in the provision of mining pool and blockchain services, and artificial intelligence and computing services.

The company was formerly known as Harmonychain AS and changed its name to Lokotech Group AS in October 2023. Lokotech Group AS was incorporated in 2017 and is based in Oslo, Norway.

Stock analysis

Lokotech Group AS (LOKO) currently trades at kr 0.5310, while our model-based Fair Value estimate is kr 0.1275, 76% 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 88/100, which puts the data coverage at low.

Scenario range: kr 0.0850 (bear) to kr 0.1615 (bull), the price of kr 0.5310 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 32/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Lokotech Group AS reported revenue of 10.3M NOK in FY2025 versus −168K NOK in FY2021. Reported net income was −38.4M NOK in FY2025.

Key figures

Market cap 375M NOK (≈ $39.8M) Micro · P/S ratio 47.3 · EPS (TTM) kr −0.0500 · Dividend yield 0.5% · Return on equity −22.0% · Return on assets (EBIT) −35.8% (5-year average) · Operating margin −346% · Revenue (TTM) 8.9M NOK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 42% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −76%, LOKO screens richer than that median.

Fair Value models

Bear kr 0.0850 Fair Value kr 0.1275 Bull kr 0.1615
Price kr 0.5310 · Downside -76.0%
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 0.1000 kr 0.1500 kr 0.1900 52
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.1000 kr 0.1500 kr 0.1900 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 32/100

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

Profitability 3
How much profit the company makes from its sales and capital
Quality Growth 80
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 97
Debt, balance sheet and risk of trouble
Investment 0
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 24
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
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. 25/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+178.0%
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.
+331.7%
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

LOKO screens overvalued: fair value 76% below the price. Compare with Microsoft Corporation →

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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.Software - Infrastructure · 346 stocks

Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −76.0% · Bottom 25%
Profitability
Return on assets −27.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −27.0% · Bottom 25%
Dividend yield (12 months) 0.5% · Bottom 25%

Valuation Multiplesvs Software - Infrastructure median · lower = cheaper

P/B 2.91× · Pricier than median
P/S (12 months) 42.18× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 25
FUTURE (revenue growth)0 · sector 60
PAST (return on equity)0 · sector 23
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)9 · sector 31

VALUE 0: the price sits above our fair-value range.

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Fortinet, Inc FTNT $118.84 $134.76 +13% vs LOKO
Microsoft Corporation MSFT $530.61 $583.67 +10% vs LOKO
Oracle Corporation ORCL $116.10 $111.97 −4% vs LOKO
NetApp, Inc NTAP $169.19 $156.80 −7% vs LOKO
Block, Inc XYZ $85.48 $76.43 −11% vs LOKO
Synopsys, Inc SNPS $450.46 $288.23 −36% vs LOKO
Zscaler, Inc ZS $197.66 $101.45 −49% vs LOKO
Palantir Technologies Inc PLTR $160.38 $42.20 −74% vs LOKO
CrowdStrike Holdings CRWD $216.90 $37.97 −82% vs LOKO
Palo Alto Networks, Inc PANW $313.84 $39.54 −87% vs LOKO

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Lokotech Group AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Lokotech Group AS Fair Value". https://www.fairvalue-calculator.com/stock/LOKO

Frequently asked questions

Is Lokotech Group AS (LOKO) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of kr 0.1275 versus a price of kr 0.5310, about 76% lower (overvalued).
What is the fair value of LOKO?
Our model-based fair value for Lokotech Group AS is kr 0.1275 (as of Nov 5, 2026), built from audited fundamentals. The current price: kr 0.5310.
What is the quality score of LOKO?
Lokotech Group AS has a Quality Score of 32/100. 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 Lokotech Group AS (LOKO)?
Our model-based price target is the fair value of kr 0.1275 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario kr 0.0850, optimistic scenario kr 0.1615. It is a calculation from audited fundamentals, not an analyst target.
What is the Lokotech Group AS stock forecast for 2026?
Our models put fair value at kr 0.1275, about 76% lower versus a price of kr 0.5310 (overvalued). Cautious scenario kr 0.0850, optimistic scenario kr 0.1615. The calculation is refreshed regularly with new filings.
What is the revenue of Lokotech Group AS (LOKO)?
Lokotech Group AS reported trailing-twelve-month revenue of about 8.9M NOK (latest available figure, as of Nov 5, 2026).
Does Lokotech Group AS pay a dividend?
Lokotech Group AS currently shows a dividend yield of 0.47% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Lokotech Group AS (LOKO)?
Lokotech Group AS has a dividend yield of 0.5%.
What is the intrinsic value of Lokotech Group AS (LOKO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lokotech Group AS it is kr 0.1275 per share (as of Nov 5, 2026), against a price of kr 0.5310. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Lokotech Group AS stock overvalued or undervalued in 2026?
As of Nov 5, 2026, LOKO trades above its calculated fair value: price kr 0.5310, fair value kr 0.1275, a gap of about −76% (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 LOKO?
No. The price is what the market pays today (kr 0.5310); the fair value is what the company's own numbers justify (kr 0.1275). For Lokotech Group AS the two are kr 0.4035 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lokotech Group AS worth?
The market values Lokotech Group AS at about 375M NOK (market capitalisation, as of Nov 5, 2026). Per share that is kr 0.5310; our models calculate a fair value of kr 0.1275 per share.
What do the bullish and bearish scenarios say about LOKO?
Our models span a range for Lokotech Group AS: cautious scenario kr 0.0850, base kr 0.1275, optimistic kr 0.1615 per share (as of Nov 5, 2026, price kr 0.5310). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lokotech Group AS (LOKO)?
Balance-sheet figures for Lokotech Group AS (as of Nov 5, 2026): return on equity −22.0%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is LOKO from its 52-week high?
Lokotech Group AS trades at kr 0.5310, about 42% below its 52-week high of kr 0.9180 and at the low of kr 0.5310 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.1275 is for.
Which stocks are comparable to Lokotech Group AS?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Lokotech Group AS stock attractive at the current price?
The data as of Nov 5, 2026: price kr 0.5310, calculated fair value kr 0.1275 (−76%), Quality Score 32/100, 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 LOKO calculated?
We run Lokotech Group AS through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 0.1275 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. Lokotech Group 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 Lokotech Group AS (LOKO)?
The closing price on Nov 6, 2026 was kr 0.5310. Our model-based fair value is kr 0.1275, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lokotech Group AS right now?
The price sits above even our optimistic bull case (kr 0.1615). The favourable scenario is already priced in. Weak quality (32/100) 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 0.0850 to kr 0.1615) leaves room in how you read the outcome.

Key figures of Lokotech Group AS

How large is the market capitalisation of Lokotech Group AS (LOKO)?
The market capitalisation of Lokotech Group AS is 375M NOK (≈ $39.8M). 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 Lokotech Group AS (LOKO)?
The price-to-sales ratio of Lokotech Group AS is 47.3 (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 Lokotech Group AS (LOKO)?
Earnings per share at Lokotech Group AS are kr −0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lokotech Group AS (LOKO)?
The dividend yield of Lokotech Group AS is 0.5%. 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 return on equity of Lokotech Group AS (LOKO)?
The return on equity (ROE) of Lokotech Group AS is −22.0% (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 Lokotech Group AS (LOKO)?
On an EBIT basis the return on assets of Lokotech Group AS is −35.8% (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 Lokotech Group AS (LOKO)?
The operating margin of Lokotech Group AS is −346% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lokotech Group AS (LOKO)?
Revenue at Lokotech Group AS is growing −27.0% versus a year earlier (3y avg +332%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Lokotech Group AS (LOKO) generate?
The free cash flow of Lokotech Group AS is −104M 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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