Matvareexpressen As (MVE) fair value: what the stock is really worth
As of Jul 28, 2026: fair value of Matvareexpressen As NOK 66.80, price NOK 262, upside -74.5%, quality 60 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
34‑month range kr 61.00 – kr 270.00 · fair‑value band kr 45.23 – kr 86.02 · the kr 262.00 price screens above the kr 66.80 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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Matvareexpressen AS engages in the online sale of groceries and household products in Norway. The company was founded in 2007 and is headquartered in Haugesund, Norway.
Stock analysis
Matvareexpressen As (MVE) currently trades at kr 262.00, while our model-based Fair Value estimate is kr 66.80, 74.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 296.88 per share, and 1 of the 15 models we run sit above the kr 262.00 price.
Bear case: the Asset-Based group reads lowest at kr 28.79, and 14 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 45.23 (bear) to kr 86.02 (bull), the price of kr 262.00 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 60/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Matvareexpressen As reported revenue of 502M NOK in FY2025 versus 102M NOK in FY2021, a compound +48.9%/yr. Reported net income was 5.1M NOK in FY2025.
Key figures
Market cap 321M NOK (≈ $33.5M) · P/E ratio 92.3 · P/S ratio 0.93 · EPS (TTM) kr 2.84 · Net margin 1.0% · Return on assets (EBIT) 3.2% · Free cash flow −1.3M NOK · Net debt 51.7M NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −75%, MVE screens richer than that median.
Fair Value models
Bear kr 45.23Fair Value kr 66.80Bull kr 86.02
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 2.15 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. 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.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.7%
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.
+35.8%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+32.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.5%
Dividend (yield on the price)0.0%
Profit margin 2021 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.−1% → 3%
2025 sits 113% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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.Internet Retail · 101 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−74.5% · Bottom 25%
Profitability
Return on assets0.0% · Below median
Net margin (TTM)1.0% · Below median
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth0.0% · Bottom 25%
Balance sheet
Debt / equity1.04× · Highest 25%
Valuation Multiplesvs Internet Retail median · lower = cheaper
P/E (TTM)92.3× · Priciest 25%
P/B0.64× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)0· sector 64
PAST (return on equity)0· sector 20
HEALTH (low debt)48· sector 92
DIVIDEND (yield)0· sector 42
VALUE 0: the price sits above our fair-value range.
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). "Matvareexpressen As Fair Value". https://www.fairvalue-calculator.com/stock/MVE
Frequently asked questions
Is Matvareexpressen As (MVE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 66.80 versus the last price from Jul 28, 2026 of kr 262.00, about −75% upside (overvalued).
What is the fair value of MVE?
Our model-based fair value for Matvareexpressen As is kr 66.80 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 28, 2026): kr 262.00.
What is the quality score of MVE?
Matvareexpressen As has a Quality Score of 60/100. 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 Matvareexpressen As (MVE)?
Our model-based price target is the fair value of kr 66.80 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario kr 45.23, optimistic scenario kr 86.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Matvareexpressen As stock forecast for 2026?
Our models put fair value at kr 66.80, about −75% upside versus the last price from Jul 28, 2026 of kr 262.00 (overvalued). Cautious scenario kr 45.23, optimistic scenario kr 86.02. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Matvareexpressen As (MVE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Matvareexpressen As it is kr 66.80 per share (as of Sep 24, 2026), against a price of kr 262.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Matvareexpressen As stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MVE trades above its calculated fair value: price kr 262.00, fair value kr 66.80, a gap of about −75% (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 MVE?
No. The price is what the market pays today (kr 262.00); the fair value is what the company's own numbers justify (kr 66.80). For Matvareexpressen As the two are kr 195.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Matvareexpressen As worth?
The market values Matvareexpressen As at about 321M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 262.00; our models calculate a fair value of kr 66.80 per share.
What do the bullish and bearish scenarios say about MVE?
Our models span a range for Matvareexpressen As: cautious scenario kr 45.23, base kr 66.80, optimistic kr 86.02 per share (as of Sep 24, 2026, price kr 262.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MVE?
Matvareexpressen As trades at a price-to-earnings ratio of 92.3 (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 66.80 is built from several models across several years. Other multiples: P/B 0.6.
How solid is the balance sheet of Matvareexpressen As (MVE)?
Balance-sheet figures for Matvareexpressen As (as of Sep 24, 2026): debt of 1.04 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is MVE from its 52-week high?
Matvareexpressen As trades at kr 262.00, about 3% below its 52-week high of kr 270.00 and 59% above the low of kr 165.00 (as of Jul 28, 2026). Distance from the high says nothing about value: that is what the fair value of kr 66.80 is for.
Which stocks are comparable to Matvareexpressen As?
From the same area (Consumer Cyclical) we also value Amazon.com, Inc, Alibaba Group, MercadoLibre, Inc, DoorDash, 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 Matvareexpressen As stock attractive at the current price?
The data as of Sep 24, 2026: price kr 262.00, calculated fair value kr 66.80 (−75%), Quality Score 60/100, from 15 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 MVE calculated?
We run Matvareexpressen As through 15 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 66.80, 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 14.5 % above its aggregate fair value. Matvareexpressen 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 Matvareexpressen As (MVE)?
The latest price we hold is from Jul 28, 2026 and stands at kr 262.00. Our model-based fair value is kr 66.80, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Matvareexpressen As right now?
The price sits above even our optimistic bull case (kr 86.02). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 45.23 to kr 86.02) leaves room in how you read the outcome.
Key figures of Matvareexpressen As
How large is the market capitalisation of Matvareexpressen As (MVE)?
The market capitalisation of Matvareexpressen As is 321M NOK (≈ $33.5M). 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 Matvareexpressen As (MVE)?
The price-to-sales ratio of Matvareexpressen As is 0.93 (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 Matvareexpressen As (MVE)?
Earnings per share at Matvareexpressen As are kr 2.84 (price ÷ EPS = P/E 92.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Matvareexpressen As (MVE)?
The net margin of Matvareexpressen As is 1.0% (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 EBIT return on assets of Matvareexpressen As (MVE)?
On an EBIT basis the return on assets of Matvareexpressen As is 3.2% (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 Matvareexpressen As (MVE) generate?
The free cash flow of Matvareexpressen As is −1.3M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Matvareexpressen As (MVE) carry?
The net debt of Matvareexpressen As is 51.7M NOK (fiscal year 2025). 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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