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Observe Medical ASA (OBSRV) Fair Value & Analysis

Healthcare · NO · Market cap 140M NOK

OM Observe Medical ASA OBSRV · OL
Pricekr 0.9780
Fair Valuekr 0.1275
Upside-87.0%
Quality26/100
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Expensive Growth
Moderate debt · negative free cash flow
Trails peers (3/8)
Narrow moat 10/100
Evidence: Low Range kr 0.0935 – kr 0.1870 Share as image

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 23 days ago

Share price −9.4% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.1870). The favourable scenario is already priced in.
  • Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (kr 0.0935 to kr 0.1870) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 276.37 kr 0.5550 Fair Value kr 0.1275 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 0.5550 – kr 276.37 · fair‑value band kr 0.0935 – kr 0.1870 · the kr 0.9780 price screens above the kr 0.1275 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Observe Medical ASA (OBSRV) currently trades at kr 0.9780, while our model-based Fair Value estimate is kr 0.1275, implying the stock looks roughly 87.0% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Healthcare 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: low).

Trailing-twelve-month revenue stands at 18.8M NOK. Revenue grew 37.9% year over year. Net debt stands at 19.2M NOK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 0.0935 (bear case) to kr 0.1870 (bull case); at kr 0.9780, the current price sits above 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 44% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -87%, OBSRV screens richer 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.

Model 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
Highest evidence
NCAV (Graham) kr 0.1100 kr 0.1500 kr 0.2200 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.1100 kr 0.1500 kr 0.2200 50

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Key figures & financial health

Revenue (TTM) 18.8M NOK
Revenue growth (YoY) +42.6%
Net margin -259%
Return on equity -190%
Free cash flow −26.0M NOK FY2025
Operating margin -319%
More key figures
EPS (TTM) kr -0.7300
Net debt 19.2M NOK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 25 · Market factors (momentum, volatility) 49

Profitability 2
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Observe Medical ASA develops and commercialize medical technology products for patients, healthcare professionals, and hospitals in Europe, Asia, and the Americas.

Full company description

Observe Medical ASA develops and commercialize medical technology products for patients, healthcare professionals, and hospitals in Europe, Asia, and the Americas. The company offers UnoMeter portfolio comprising Unometer, Safeti Plus, Unometer 500, and UnoMeter AbdoPressure products used for manual urine output measurement and for measuring intra-abdominal pressure. It also provides Sippi, a digital and automated urine measurement system for urine monitoring and biofilm control. Observe Medical ASA was founded in 2009 and is headquartered in Oslo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Observe Medical ASA reported revenue of kr 18.8M in FY2025 versus kr 24.0M in FY2021, a compound −5.9%/yr. Reported net income was −kr 48.6M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
18.8M NOK
Latest YoY
+1.8%
Avg. growth/yr (3Y) 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.
−1.2%
Avg. growth/yr (5Y) 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.
+44.7%
Avg. growth/yr (9Y) 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.
+46.3%
Revenue −5.9%/yr
FY21 kr 24.0M
FY22 kr 19.5M
FY23 kr 27.9M
FY24 kr 18.5M
FY25 kr 18.8M
Net income
FY21 −kr 26.3M
FY22 −kr 50.8M
FY23 −kr 63.9M
FY24 −kr 127M
FY25 −kr 48.6M

OBSRV screens 87% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Observe Medical ASA Fair Value". https://www.fairvalue-calculator.com/stock/OBSRV

Peer Group

Medical Devices · 352 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.

Quality Score 25 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on assets -20% · Bottom 25%
Revenue growth 43% · Top 25%
Debt / equity 0.67× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 0.78× · Cheaper than median

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 · sector 0
FUTURE 100 · sector 29
PAST 0 · sector 8
HEALTH 67 · sector 97
DIVIDEND 0 · sector 38

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Observe Medical ASA (OBSRV) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 0.1275 versus a price of kr 0.9780, about −87% (overvalued).
What is the fair value of OBSRV?
Our model-based fair value for Observe Medical ASA is kr 0.1275 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 0.9780.
What is the quality score of OBSRV?
Observe Medical ASA has a Quality Score of 26/100. 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 revenue of Observe Medical ASA (OBSRV)?
Observe Medical ASA reported trailing-twelve-month revenue of about 18.8M NOK (latest available figure, as of Jul 18, 2026).

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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