Norbit ASA (NORBT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Norbit ASA NOK 180, price NOK 164, upside +10.0%, quality 59 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 16.27 – kr 231.34 · fair‑value band kr 111.29 – kr 272.94 · the kr 163.70 price screens below the kr 180.07 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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Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments.
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Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging systems for obstacle avoidance/MCM, and above water laser products under the NORBIT WINGHEAD, NORBIT WBMS, NORBIT NORdredge, and NORBIT FLS names; and GuardPoint 70, GuardPoint 100, GuardPoint 200, and GuardPoint 400 intruder detection sonar, NORTrace sonar performance prediction software, and mine detection and classification solutions. It also provides SeaCOP, a sensor integration platform and user interface common operational picture for emergency response; Securus system, a multipurpose camera system for the maritime environment; SeaView multi-sensor systems for shore-based installations; and SeaDarQ, oil spill detection radar. In addition, the company offers Intelligent Traffic Systems, including CEN dedicated short-range communication (DSRC) based connectivity devices and solutions for smart tachographs, satellite-based truck tolling, battery-operated DSRC OBUs, and tailored solutions with GNSS and GSM antennas; iData that specializes in vehicle monitoring, tailored reporting, fleet management, and fuel control; and Connected Solutions for asset and vehicle monitoring, tracking, and management. Norbit ASA was founded in 1995 and is headquartered in Trondheim, Norway.
Stock analysis
Norbit ASA (NORBT) currently trades at kr 163.70, while our model-based Fair Value estimate is kr 180.07, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 251.54 per share, and 13 of the 26 models we run sit above the kr 163.70 price.
Bear case: the Economic Profit group reads lowest at kr 38.70, and 13 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 111.29 (bear) to kr 272.94 (bull), the price of kr 163.70 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 59/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Norbit ASA reported revenue of 2.5B NOK in FY2025 versus 788M NOK in FY2021, a compound +33.5%/yr. Reported net income was 404M NOK in FY2025, compounding +70.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 10.5B NOK (≈ $1.1B) · P/E ratio 24.6 · P/S ratio 3.98 · EPS (TTM) kr 6.65 · Dividend yield 3.1% · Net margin 16.2% · Return on equity 33.4% · Return on assets (EBIT) 15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −35% fair-value upside, at 10%, NORBT screens cheaper than that median.
Fair Value models
Bear kr 111.29Fair Value kr 180.07Bull kr 272.94
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 1.21 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
+42.9%
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.
+28.9%
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.
+32.2%
Start year 2020 (pandemic). Over 10 years: +20.7% a year
Revenue growth 10 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.
+20.7%
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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.
+70.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+67.7%
Dividend (yield on the price)3.1%
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.50% vs 41%, picking up
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.7% → 22%
2025 sits 104% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
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).
+20.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +17.5% a year for the price and +11.8% for the forecasts.
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.Scientific & Technical Instruments · 160 stocks
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). "Norbit ASA Fair Value". https://www.fairvalue-calculator.com/stock/NORBT
Frequently asked questions
Is Norbit ASA (NORBT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 180.07 versus a price of kr 163.70, about +10% upside (undervalued).
What is the fair value of NORBT?
Our model-based fair value for Norbit ASA is kr 180.07 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 163.70.
What is the quality score of NORBT?
Norbit ASA has a Quality Score of 59/100. 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 Norbit ASA (NORBT)?
Our model-based price target is the fair value of kr 180.07 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 111.29, optimistic scenario kr 272.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Norbit ASA stock forecast for 2026?
Our models put fair value at kr 180.07, about +10% upside versus a price of kr 163.70 (undervalued). Cautious scenario kr 111.29, optimistic scenario kr 272.94. The calculation is refreshed regularly with new filings.
What is the revenue of Norbit ASA (NORBT)?
Norbit ASA reported trailing-twelve-month revenue of about 2.7B NOK (latest available figure, as of Sep 24, 2026).
Does Norbit ASA pay a dividend?
Norbit ASA currently shows a dividend yield of about 3.05% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Norbit ASA (NORBT)?
For today's price to be fair in a discounted-cash-flow model, Norbit ASA would have to grow free cash flow by +20.4 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +32.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NORBT use?
Our models discount Norbit ASA at 9.6 %: a base by market capitalisation (small), damped by beta 0.45, 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 Norbit ASA that is +20.4 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Norbit ASA (NORBT) delivered so far?
Over the past 5 years revenue at Norbit ASA grew +32.2 % a year. The price currently implies +20.4 % 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 Norbit ASA (NORBT) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Norbit ASA (+20.4 % 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 Norbit ASA (NORBT)?
The free-cash-flow yield on the price is 2.87 %: that much free cash flow Norbit ASA produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Norbit ASA (NORBT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norbit ASA it is kr 180.07 per share (as of Sep 24, 2026), against a price of kr 163.70. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Norbit ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NORBT trades below its calculated fair value: price kr 163.70, fair value kr 180.07, a gap of about +10% (undervalued). 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 NORBT?
No. The price is what the market pays today (kr 163.70); the fair value is what the company's own numbers justify (kr 180.07). For Norbit ASA the two are kr 16.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norbit ASA worth?
The market values Norbit ASA at about 10.5B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 163.70; our models calculate a fair value of kr 180.07 per share.
What do the bullish and bearish scenarios say about NORBT?
Our models span a range for Norbit ASA: cautious scenario kr 111.29, base kr 180.07, optimistic kr 272.94 per share (as of Sep 24, 2026, price kr 163.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NORBT?
Norbit ASA trades at a price-to-earnings ratio of 24.6 (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 180.07 is built from several models across several years. Other multiples: P/B 8.6, P/S 3.9, EV/EBITDA 16.7.
How solid is the balance sheet of Norbit ASA (NORBT)?
Balance-sheet figures for Norbit ASA (as of Sep 24, 2026): return on equity 33.4%, debt of 0.37 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is NORBT from its 52-week high?
Norbit ASA trades at kr 163.70, about 29% below its 52-week high of kr 231.34 and 5% above the low of kr 156.60 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 180.07 is for.
Which stocks are comparable to Norbit ASA?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, Chroma ATE 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 Norbit ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 163.70, calculated fair value kr 180.07 (+10%), Quality Score 59/100, from 26 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 NORBT calculated?
We run Norbit ASA through 26 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 180.07, 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 14.1 % above its aggregate fair value. Norbit ASA currently trades 10 % below its own fair value, and the market average says nothing about that. 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 Norbit ASA (NORBT)?
The closing price on Sep 23, 2026 was kr 163.70. Our model-based fair value is kr 180.07, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norbit ASA right now?
A fairly wide model range (kr 111.29 to kr 272.94) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Norbit ASA
How large is the market capitalisation of Norbit ASA (NORBT)?
The market capitalisation of Norbit ASA is 10.5B NOK (≈ $1.1B). 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 Norbit ASA (NORBT)?
The price-to-sales ratio of Norbit ASA is 3.98 (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 Norbit ASA (NORBT)?
Earnings per share at Norbit ASA are kr 6.65 (price ÷ EPS = P/E 24.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Norbit ASA (NORBT)?
The dividend yield of Norbit ASA is 3.1% (payout 75.2%). 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 Norbit ASA (NORBT)?
The net margin of Norbit ASA is 16.2% (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 Norbit ASA (NORBT)?
The return on equity (ROE) of Norbit ASA is 33.4% (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 Norbit ASA (NORBT)?
On an EBIT basis the return on assets of Norbit ASA is 15.1% (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 Norbit ASA (NORBT)?
The operating margin of Norbit ASA is 21.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norbit ASA (NORBT)?
Revenue at Norbit ASA is growing +40.3% versus a year earlier (3y avg +28.9%). 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 Norbit ASA (NORBT)?
Earnings per share at Norbit ASA are growing +23.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Norbit ASA (NORBT) carry?
The net debt of Norbit ASA is 365M NOK (fiscal year 2025, ≈ 1.2 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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