Nordic Semiconductor ASA (NOD) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Nordic Semiconductor ASA NOK 21.98, price NOK 189, upside -88.4%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Nordic Semiconductor ASA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 77.44 – kr 315.40 · fair‑value band kr 16.49 – kr 27.48 · the kr 188.90 price screens above the kr 21.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Nordic Semiconductor in your weekly email
Every Wednesday you see whether Nordic Semiconductor is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Nordic Semiconductor ASA, a fabless semiconductor company, provides low power wireless connectivity solutions in Europe, the Americas, and the Asia Pacific.
Show more
Nordic Semiconductor ASA, a fabless semiconductor company, provides low power wireless connectivity solutions in Europe, the Americas, and the Asia Pacific. The company offers cellular IoT that comprises NB-IoT and LTE-M; non-terrestrial networks; Wi-Fi solutions; Bluetooth low energy System-on-Chip (SoC); Bluetooth direction finding solution; DECT NR+, a non-cellular radio standard; Thread, an IP-based wireless networking protocol solution; nRF52 and nRF51 wireless SoCs; and range extenders, as well as Bluetooth LE audio, Bluetooth mesh, and Zigbee products. It also provides Matter, a Connected Home over IP solution; Amazon sidewalk; multiprotocol SoCs; Bluetooth wireless technology; security solution; Edge AI; ANT solutions, including wireless multiprotocol SoCs supporting the ANT wireless protocol; and KNX IoT. In addition, the company offers power management integrated circuits (PMIC) comprising nPM1100 PMIC, nPM1300 PMIC, nPM2100, and nPM6001 PMIC; cloud services, such as location, security, and device management services; nRF Cloud solution; and application specific integrated circuits and related consulting services. Its products are used for consumer devices, including asset tracking, audio, education, HID, smart home and remotes, gaming, virtual reality and augmented reality products, and wearables; for industrial automation, such as automotive, beacons, building automation, professional lighting, transportation, retail, and smart agriculture and metering; and healthcare devices that include connected health and sports and fitness. Nordic Semiconductor ASA was founded in 1983 and is headquartered in Trondheim, Norway.
Stock analysis
Nordic Semiconductor ASA (NOD) currently trades at kr 188.90, while our model-based Fair Value estimate is kr 21.98, 88.4% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of kr 49.53 per share, and 0 of the 24 models we run sit above the kr 188.90 price.
Bear case: the Earnings-Based group reads lowest at kr 12.49, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 16.49 (bear) to kr 27.48 (bull), the price of kr 188.90 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 65/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Nordic Semiconductor ASA reported revenue of $668M in FY2025 versus $611M in FY2021, a compound +2.3%/yr. Reported net income was $16.4M in FY2025, compounding −30.7%/yr from FY2021.
Key figures
Market cap 37.4B NOK (≈ $3.9B) · P/E ratio 147.6 · P/S ratio 3.62 · EPS (TTM) kr 1.28 · Net margin 2.5% · Return on equity 4.2% · Return on assets (EBIT) 6.5% · Operating margin 5.2%.
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 9% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −88%, NOD screens richer than that median.
Fair Value models
Bear kr 16.49Fair Value kr 21.98Bull kr 27.48
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 0.9679 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+30.5%
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.
−4.9%
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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +13.2% a year
Revenue growth 25 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.
+8.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.0%
Dividend (yield on the price)0.0%
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.−16.0% vs −3.1%, 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.11% → 4%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+30.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +27.6% a year for the price.
News mood ⓘNews mood, the average tone of recent news (50 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
Compare Nordic Semiconductor ASA with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Semiconductors · 329 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside−88.4% · Bottom 25%
Profitability
Return on equity (TTM)4.2% · Below median
Return on assets2.0% · Below median
Net margin (TTM)3.7% · Below median
Operating margin (TTM)5.2% · Below median
Growth and dividend
Revenue growth24.1% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)147.6× · Priciest 25%
P/B5.73× · Pricier than median
P/S (TTM)5.52× · Pricier than median
P/FCF65.7× · Pricier than median
EV/EBITDA84.4× · Priciest 25%
PEG1.20× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 88
PAST (return on equity)17· sector 29
HEALTH (low debt)93· sector 95
DIVIDEND (yield)0· sector 19
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.
Is Nordic Semiconductor ASA (NOD) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 21.98 versus a price of kr 188.90, about −88% upside (overvalued).
What is the fair value of NOD?
Our model-based fair value for Nordic Semiconductor ASA is kr 21.98 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 188.90.
What is the quality score of NOD?
Nordic Semiconductor ASA has a Quality Score of 65/100. 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 Nordic Semiconductor ASA (NOD)?
Our model-based price target is the fair value of kr 21.98 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 16.49, optimistic scenario kr 27.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic Semiconductor ASA stock forecast for 2026?
Our models put fair value at kr 21.98, about −88% upside versus a price of kr 188.90 (overvalued). Cautious scenario kr 16.49, optimistic scenario kr 27.48. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic Semiconductor ASA (NOD)?
Nordic Semiconductor ASA reported trailing-twelve-month revenue of about $705M (latest available figure, as of Sep 24, 2026).
What growth is priced into Nordic Semiconductor ASA (NOD)?
For today's price to be fair in a discounted-cash-flow model, Nordic Semiconductor ASA would have to grow free cash flow by +30.7 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NOD use?
Our models discount Nordic Semiconductor ASA at 9.5 %: a base by market capitalisation (mid), damped by beta 0.99, 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 Nordic Semiconductor ASA that is +30.7 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Nordic Semiconductor ASA (NOD) delivered so far?
Over the past 5 years revenue at Nordic Semiconductor ASA grew +10.5 % a year. The price currently implies +30.7 % 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 Nordic Semiconductor ASA (NOD) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into Nordic Semiconductor ASA (+30.7 % 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 Nordic Semiconductor ASA (NOD)?
The free-cash-flow yield on the price is 1.52 %: that much free cash flow Nordic Semiconductor ASA produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nordic Semiconductor ASA (NOD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic Semiconductor ASA it is kr 21.98 per share (as of Sep 24, 2026), against a price of kr 188.90. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Nordic Semiconductor ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NOD trades above its calculated fair value: price kr 188.90, fair value kr 21.98, a gap of about −88% (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 NOD?
No. The price is what the market pays today (kr 188.90); the fair value is what the company's own numbers justify (kr 21.98). For Nordic Semiconductor ASA the two are kr 166.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic Semiconductor ASA worth?
The market values Nordic Semiconductor ASA at about 37.4B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 188.90; our models calculate a fair value of kr 21.98 per share.
What do the bullish and bearish scenarios say about NOD?
Our models span a range for Nordic Semiconductor ASA: cautious scenario kr 16.49, base kr 21.98, optimistic kr 27.48 per share (as of Sep 24, 2026, price kr 188.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NOD?
Nordic Semiconductor ASA trades at a price-to-earnings ratio of 147.6 (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 21.98 is built from several models across several years. Other multiples: PEG 1.2, P/B 5.7, P/S 5.5, EV/EBITDA 84.4.
What is the PEG ratio of NOD?
The PEG ratio of Nordic Semiconductor ASA is 1.20 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nordic Semiconductor ASA (NOD)?
Balance-sheet figures for Nordic Semiconductor ASA (as of Sep 24, 2026): return on equity 4.2%, debt of 0.15 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is NOD from its 52-week high?
Nordic Semiconductor ASA trades at kr 188.90, about 9% below its 52-week high of kr 207.60 and 51% above the low of kr 125.00 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 21.98 is for.
Which stocks are comparable to Nordic Semiconductor ASA?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Nordic Semiconductor ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 188.90, calculated fair value kr 21.98 (−88%), Quality Score 65/100, from 24 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 NOD calculated?
We run Nordic Semiconductor ASA through 24 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 21.98, 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. Nordic Semiconductor 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 Nordic Semiconductor ASA (NOD)?
The closing price on Oct 2, 2026 was kr 188.90. Our model-based fair value is kr 21.98, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic Semiconductor ASA right now?
The price sits above even our optimistic bull case (kr 27.48). 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 (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Nordic Semiconductor ASA (NOD) come from?
Earnings per share at Nordic Semiconductor ASA grew +17.6 % a year from 2011 to 2022. Broken into its drivers: revenue per share +16.2 %, EBIT margin +0.2 %, tax rate +0.9 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Nordic Semiconductor ASA
How large is the market capitalisation of Nordic Semiconductor ASA (NOD)?
The market capitalisation of Nordic Semiconductor ASA is 37.4B NOK (≈ $3.9B). 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 Nordic Semiconductor ASA (NOD)?
The price-to-sales ratio of Nordic Semiconductor ASA is 3.62 (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 Nordic Semiconductor ASA (NOD)?
Earnings per share at Nordic Semiconductor ASA are kr 1.28 (price ÷ EPS = P/E 147.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nordic Semiconductor ASA (NOD)?
The net margin of Nordic Semiconductor ASA is 2.5% (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 Nordic Semiconductor ASA (NOD)?
The return on equity (ROE) of Nordic Semiconductor ASA is 4.2% (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 Nordic Semiconductor ASA (NOD)?
On an EBIT basis the return on assets of Nordic Semiconductor ASA is 6.5% (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 Nordic Semiconductor ASA (NOD)?
The operating margin of Nordic Semiconductor ASA is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordic Semiconductor ASA (NOD)?
Revenue at Nordic Semiconductor ASA is growing +24.1% versus a year earlier (3y avg −4.9%). 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 Nordic Semiconductor ASA (NOD)?
Earnings per share at Nordic Semiconductor ASA are growing +785% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nordic Semiconductor ASA (NOD) hold?
Nordic Semiconductor ASA holds more cash than debt, $257M net (fiscal year 2021). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Nordic Semiconductor ASA in the live analysis
One click puts Nordic Semiconductor ASA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
