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NRC Group (NRC) Fair Value & Analysis

Industrials · NO · Market cap 1.4B NOK

NG NRC Group NRC · OL
Pricekr 7.90
Fair Valuekr 8.64
Upside+9.4%
Quality95/100
Evidence: High Range kr 5.16 – kr 11.83

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 6.31 to kr 8.64 (+36.9%) since Jun 23, 2026. Share price +2.8% over the past month.

Price vs Fair Value (12 months)

kr 9.33 kr 5.82 Fair Value kr 8.64 Jun 2025 Jun 2026

12‑month range kr 5.82 – kr 9.33 · fair‑value band kr 5.16 – kr 11.83 · the kr 7.90 price screens below the kr 8.64 fair value. As of Jun 24, 2026.

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Analysis

NRC Group (NRC) currently trades at kr 7.90, while our model-based Fair Value estimate is kr 8.64 — implying the stock looks roughly 9.4% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, NRC Group generated revenue of 6.4B NOK at a net margin of 0.5%. Revenue declined 10.0% year over year. It earns a return on equity of 1.9%. Net debt stands at 341M NOK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 6.4B NOK
Revenue growth (YoY) -10.0%
Net margin 0.5%
Return on equity 1.9%
Free cash flow 68.0M NOK FY2025
P/E ratio 45.0
More key figures
Operating margin -2.6%
EPS (TTM) kr 0.1800
EPS growth (YoY) +4.8%
Net debt 341M NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

NRC Group ASA, together with its subsidiaries, operates as a rail infrastructure company in Norway, Sweden, and Finland. It offers groundwork services, including excavations, transport, masses sorting, and ditching, as well as water and drainage systems; and signaling systems, digital telecom systems, electro, tracks, and station buildings and terminals, as well as catenary systems comprising wires, masts, switches, and return current systems. The company also provides concrete work, recycling, demolition, and mass transport services; steel structures; and specialized trackwork services. In addition, it engages in constructing, upgrading, and maintaining track systems, including structures, such as stations, tunnels, and bridges. The company was formerly known as Blom ASA and changed its name to NRC Group ASA in May 2015. NRC Group ASA was founded in 1966 and is headquartered in Lysaker, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NRC Group reported revenue of kr 6.6B in FY2025 versus kr 6.0B in FY2021, a compound +2.4%/yr. Reported net income was kr 24.0M in FY2025.

Revenue +2.4%/yr
FY21 kr 6.0B
FY22 kr 7.0B
FY23 kr 6.7B
FY24 kr 6.9B
FY25 kr 6.6B
Net income
FY21 −kr 27.0M
FY22 −kr 364M
FY23 kr 38.0M
FY24 −kr 1.0B
FY25 kr 24.0M

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Similar stocks

6 more Railroads stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP 4,617 MXN 2,048 MXN -56%
CSX Corporation CSX $46.20 $11.13 -76%
Canadian Pacific Kansas City Limited CP $85.67 $49.10 -43%
Canadian National Railway Company CNI $114.90 $92.95 -19%
Norfolk Southern Corporation NSC $308.93 $102.07 -67%
Westinghouse Air Brake Technologies Corporation WAB $256.52 $132.12 -48%

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Frequently asked questions

Is NRC Group (NRC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 8.64 versus a price of kr 7.90 — about +9% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NRC?
Our 21-model fair value for NRC Group is kr 8.64 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 7.90.
What is the quality score of NRC?
NRC Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NRC Group (NRC)?
NRC Group reported trailing-twelve-month revenue of about 6.4B NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NRC?
The net profit margin of NRC Group is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.