Norbit ASA (NORBT) Fair Value & Analysis
Technology · NO · Market cap 10.9B NOK
Fair value as of: Jul 19, 2026
From 26 valuation models · updated 21 days ago
Share price −3.8% over the past month.
A solid business, but screening 27% overvalued on our models.
What matters now
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (kr 92.97 to kr 192.19) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range kr 16.18 – kr 231.34 · fair‑value band kr 92.97 – kr 192.19 · the kr 174.00 price screens above the kr 126.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Norbit ASA (NORBT) currently trades at kr 174.00, while our model-based Fair Value estimate is kr 126.26, implying the stock looks roughly 27.4% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Norbit ASA generated revenue of 2.5B NOK at a net margin of 16.2%. Revenue grew 42.2% year over year. It earns a return on equity of 34.1%. Net debt stands at 365M NOK. Fundamentals as of Jul 19, 2026
Our scenario range runs from kr 92.97 (bear case) to kr 192.19 (bull case); at kr 174.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -27%, NORBT screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (kr 219.81) versus Asset-Based (kr 12.67). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Norbit ASA reported revenue of kr 2.5B in FY2025 versus kr 788M in FY2021, a compound +33.5%/yr. Reported net income was kr 404M in FY2025, compounding +70.4%/yr from FY2021.
NORBT screens 27% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 161 stocks
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.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $315.90 | $84.16 | -73% |
| Garmin Ltd GRMN | $241.76 | $146.67 | -39% |
| Teledyne Technologies Incorporated TDY | $635.52 | $367.58 | -42% |
| Chroma ATE Inc 2360 | 1,905 TWD | 286.15 TWD | -85% |
| Hexagon AB HEXAB | kr 80.10 | kr 52.93 | -34% |
| MKS Inc MKSI | $324.69 | $77.46 | -76% |
| AVIC Chengdu Aircraft Company 302132 | ¥52.91 | ¥34.47 | -35% |
| Fortive Corporation FTV | $61.78 | $33.84 | -45% |
| Trimble Inc TRMB | $52.72 | $24.47 | -54% |
| Cognex Corporation CGNX | $64.07 | $13.75 | -79% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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