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Okeanis Eco Tankers Corp (OET) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Okeanis Eco Tankers Corp NOK 818, price NOK 815, upside +0.4%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Industrials · NO · ISIN MHY641771016

OE Broad data Sep 24, 2026

Okeanis Eco Tankers Corp

OET · OL

Low PriorityQuality growthFair Value upside is limited and quality is weak.

·Fair value kr 818.40 · Fairly valued (+0.4%)
!Quality 50/100
!Mixed Growth (revenue 5y +6.7 %/yr)
!Loss over the last twelve months · -8.6% net margin (TTM) · fiscal year 2025 31.4%
✓Moderate debt · generates free cash flow
✓Wide moat 65/100
!The models disagree: range kr 407.88 to kr 1,610

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 815.00 kr 36.64 Fair Value kr 818.40 Jul 2021 Oct 2026

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 36.64 – kr 815.00 · fair‑value band kr 407.88 – kr 1,610 · the kr 815.00 price screens below the kr 818.40 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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Company profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 16 tanker vessels comprising eight modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.

Stock analysis

Okeanis Eco Tankers Corp (OET) currently trades at kr 815.00, while our model-based Fair Value estimate is kr 818.40, so the stock looks roughly fairly valued today (gap 0.4%).

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Valuation

Bull case: the Growth Earnings group reads highest at a median of kr 696.83 per share, and 2 of the 24 models we run sit above the kr 815.00 price.

Bear case: the Asset-Based group reads lowest at kr 94.54, and 22 of the 24 models stay below the price. Evidence for this calculation is high.

Scenario range: kr 407.88 (bear) to kr 1,610 (bull), the price of kr 815.00 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 50/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Okeanis Eco Tankers Corp reported revenue of $392M in FY2025 versus $169M in FY2021, a compound +23.4%/yr. Reported net income was $123M in FY2025.

Key figures

Market cap 28.9B NOK (≈ $3.0B) · P/E ratio 14.3 · P/S ratio 4.49 · EPS (TTM) kr 57.01 · Net margin 31.4% · Return on equity 25.0% · Return on assets (EBIT) 11.8% · Operating margin 57.6%.

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 at its 52-week high and 254% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 57% fair-value upside, at 0%, OET screens richer than that median.

Fair Value models

Bear kr 407.88 Fair Value kr 818.40 Bull kr 1,610
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 43.11 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.
Highest evidence
FCF DCF kr 254.93 kr 542.39 kr 1,173 74
Growth DCF kr 245.96 kr 556.29 kr 1,020 74
Owner Earnings kr 428.88 kr 919.92 kr 1,814 72
All 24 models by family
DCF Models
FCF DCF kr 254.93 kr 542.39 kr 1,173 74
Owner Earnings kr 428.88 kr 919.92 kr 1,814 72
5Y Revenue Exit kr 104.79 kr 230.05 kr 399.13 69
5Y EBITDA Exit kr 336.61 kr 738.40 kr 1,269 72
5Y P/E Exit kr 328.32 kr 720.22 kr 1,194 68
10Y Revenue Exit kr 147.80 kr 288.25 kr 506.40 64
10Y EBITDA Exit kr 306.34 kr 665.70 kr 1,263 64
10Y P/E Exit kr 300.82 kr 652.20 kr 1,198 60
Earnings-Based
Graham-Dodd kr 205.86 kr 1,164 kr 1,618 63
Lynch FV kr 326.77 kr 466.81 kr 606.86 61
PEG = 1.0 kr 326.77 kr 466.81 kr 606.86 57
EPV kr 200.26 kr 245.64 kr 284.79 71
Multiples
P/E Multiple kr 476.80 kr 635.74 kr 794.67 63
P/S Multiple kr 144.61 kr 192.81 kr 241.02 58
P/B Multiple kr 385.98 kr 514.64 kr 643.31 55
EV/EBIT kr 423.09 kr 593.16 kr 763.24 66
EV/EBITDA kr 402.51 kr 565.74 kr 728.96 67
EV/Revenue kr 34.32 kr 86.38 kr 138.44 50
Asset-Based
NCAV (Graham) kr 70.55 kr 94.54 kr 141.11 54
Growth DCF
Growth DCF kr 245.96 kr 556.29 kr 1,020 74
Rev-Margin DCF kr 104.79 kr 228.81 kr 399.75 69
Economic Profit
Residual Income kr 187.41 kr 257.49 kr 473.38 72
ROIC Compounder kr 234.06 kr 365.40 kr 504.62 71
Growth Earnings
Growth-Adj P/E kr 487.78 kr 696.83 kr 905.88 67

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Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 91

Profitability 57
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 25
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.4%
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.
+13.1%
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.
+6.7%
Start year 2020 (pandemic)
Revenue growth 7 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.
+36.7%
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.
+14.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)0.0%
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.50% → 42%

Growth Forecast

A lot of optimism in the price
The price assumes more 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).
+22.5%
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.
−20.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.6% a year for the price and −22.0% for the forecasts.
Forecast 2026 (sales)+103.1%
Forecast 2027 (sales)−45.3%
Projected 2028 (sales)−39.4%
Projected 2029 (sales)−33.5%
Projected 2030 (sales)−27.5%

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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

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Ningbo Zhoushan Port Company 601018 ¥3.40 ¥5.58 +64%
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Cite: Fair Value Calculator (2026). "Okeanis Eco Tankers Corp Fair Value". https://www.fairvalue-calculator.com/stock/OET

Frequently asked questions

Is Okeanis Eco Tankers Corp (OET) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 818.40 versus a price of kr 815.00, about +0% upside (fairly valued).
What is the fair value of OET?
Our model-based fair value for Okeanis Eco Tankers Corp is kr 818.40 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 815.00.
What is the quality score of OET?
Okeanis Eco Tankers Corp has a Quality Score of 50/100. 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 Okeanis Eco Tankers Corp (OET)?
Our model-based price target is the fair value of kr 818.40 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 407.88, optimistic scenario kr 1,610. It is a calculation from audited fundamentals, not an analyst target.
What is the Okeanis Eco Tankers Corp stock forecast for 2026?
Our models put fair value at kr 818.40, about +0% upside versus a price of kr 815.00 (fairly valued). Cautious scenario kr 407.88, optimistic scenario kr 1,610. The calculation is refreshed regularly with new filings.
What growth is priced into Okeanis Eco Tankers Corp (OET)?
For today's price to be fair in a discounted-cash-flow model, Okeanis Eco Tankers Corp would have to grow free cash flow by +22.5 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of OET use?
Our models discount Okeanis Eco Tankers Corp at 8.3 %: a base by market capitalisation (mid), damped by beta 0.02, 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 Okeanis Eco Tankers Corp that is +22.5 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Okeanis Eco Tankers Corp (OET) delivered so far?
Over the past 5 years revenue at Okeanis Eco Tankers Corp grew +6.7 % a year. The price currently implies +22.5 % 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 Okeanis Eco Tankers Corp (OET) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Okeanis Eco Tankers Corp (+22.5 % 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 Okeanis Eco Tankers Corp (OET)?
The free-cash-flow yield on the price is 2.37 %: that much free cash flow Okeanis Eco Tankers Corp produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Okeanis Eco Tankers Corp (OET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Okeanis Eco Tankers Corp it is kr 818.40 per share (as of Sep 24, 2026), against a price of kr 815.00. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Okeanis Eco Tankers Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, OET trades below its calculated fair value: price kr 815.00, fair value kr 818.40, a gap of about +0% (fairly valued). 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 OET?
No. The price is what the market pays today (kr 815.00); the fair value is what the company's own numbers justify (kr 818.40). For Okeanis Eco Tankers Corp the two are kr 3.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Okeanis Eco Tankers Corp worth?
The market values Okeanis Eco Tankers Corp at about 28.9B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 815.00; our models calculate a fair value of kr 818.40 per share.
What do the bullish and bearish scenarios say about OET?
Our models span a range for Okeanis Eco Tankers Corp: cautious scenario kr 407.88, base kr 818.40, optimistic kr 1,610 per share (as of Sep 24, 2026, price kr 815.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is OET from its 52-week high?
Okeanis Eco Tankers Corp trades at kr 815.00, at its 52-week high of kr 815.00 and 254% above the low of kr 230.33 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 818.40 is for.
Which stocks are comparable to Okeanis Eco Tankers Corp?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Okeanis Eco Tankers Corp stock attractive at the current price?
The data as of Sep 24, 2026: price kr 815.00, calculated fair value kr 818.40 (+0%), Quality Score 50/100, 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 OET calculated?
We run Okeanis Eco Tankers Corp 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 818.40, 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. Okeanis Eco Tankers Corp 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 Okeanis Eco Tankers Corp (OET)?
The closing price on Oct 2, 2026 was kr 815.00. Our model-based fair value is kr 818.40, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Okeanis Eco Tankers Corp right now?
The model range is unusually wide (kr 407.88 to kr 1,610). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.

Key figures of Okeanis Eco Tankers Corp

How large is the market capitalisation of Okeanis Eco Tankers Corp (OET)?
The market capitalisation of Okeanis Eco Tankers Corp is 28.9B NOK (≈ $3.0B). 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/E ratio of Okeanis Eco Tankers Corp (OET)?
The price-to-earnings ratio of Okeanis Eco Tankers Corp is 14.3. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Okeanis Eco Tankers Corp (OET)?
The price-to-sales ratio of Okeanis Eco Tankers Corp is 4.49 (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 Okeanis Eco Tankers Corp (OET)?
Earnings per share at Okeanis Eco Tankers Corp are kr 57.01 (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Okeanis Eco Tankers Corp (OET)?
The net margin of Okeanis Eco Tankers Corp is 31.4% (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 Okeanis Eco Tankers Corp (OET)?
The return on equity (ROE) of Okeanis Eco Tankers Corp is 25.0% (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 Okeanis Eco Tankers Corp (OET)?
On an EBIT basis the return on assets of Okeanis Eco Tankers Corp is 11.8% (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 Okeanis Eco Tankers Corp (OET)?
The operating margin of Okeanis Eco Tankers Corp is 57.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Okeanis Eco Tankers Corp (OET)?
Revenue at Okeanis Eco Tankers Corp is growing +112% versus a year earlier (3y avg +13.1%). 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 Okeanis Eco Tankers Corp (OET)?
Earnings per share at Okeanis Eco Tankers Corp are growing +493% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Okeanis Eco Tankers Corp (OET) carry?
The net debt of Okeanis Eco Tankers Corp is $488M (fiscal year 2025, ≈ 6.9 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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