Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Okea ASA (OKEA) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of Okea ASA NOK 10.13, price NOK 46.00, upside -78.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
OA
Thin data
Oct 7, 2026
Okea ASA
OKEA · OLWeakest SetupStrongly overvalued and low quality.
Insider activity 40/100
Fair value kr 10.13 · Strongly overvalued (−78.0%)
Quality 38/100
Weak Growth (revenue 5y −13.9 %/yr in NOK)
Loss-making · -5.1% net margin (TTM)
High debt
Negative free cash flow
Trails peers (2/10)
Narrow moat 28/100 · thin data
Thin data
⟳ Cyclical
Watch Okea ASA for free: we tell you when fair value or trend changes.
Watch for free
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 7, 2026.
How to read this chart
60‑month range kr 11.96 – kr 50.35 · fair‑value band kr 7.45 – kr 12.80 · the kr 46.00 price screens above the kr 10.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 7, 2026.
Follow Okea in your weekly email
Every Wednesday you see whether Okea is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway.
Stock analysis
Okea ASA (OKEA) currently trades at kr 46.00, while our model-based Fair Value estimate is kr 10.13, 78.0% below the price, so the stock looks overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 7.45 (bear) to kr 12.80 (bull), the price of kr 46.00 sits above 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 38/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Okea ASA reported revenue of $784M in FY2025 versus $3.8B in FY2021, a compound −32.5%/yr. Reported net income was −$54.7M in FY2025.
Key figures
Market cap 4.8B NOK (≈ $500M) · P/S ratio 4.16 · EPS (TTM) kr −3.91 · Net margin −7.0% · Return on equity −35.5% · Return on assets (EBIT) 14.2% · Operating margin 24.8% · Revenue (TTM) 781M NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 165% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −78%, OKEA screens richer than that median.
Fair Value models
Bear kr 7.45
Fair Value kr 10.13
Bull kr 12.80
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.
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
EV/EBITDA
kr 7.45
kr 10.13
kr 12.80
67
NCAV (Graham)
kr 0.2800
kr 0.3700
kr 0.5500
54
All 2 models by family
Multiples
EV/EBITDA
kr 7.45
kr 10.13
kr 12.80
67
Asset-Based
NCAV (Graham)
kr 0.2800
kr 0.3700
kr 0.5500
54
Quality Score breakdown
Overall quality
38/100
Of which business quality 38 · Market factors (momentum, volatility) 84
Profitability
16
Margins and returns on capital today
Quality Growth
40
Are margins and returns improving?
Cashflow
33
Earnings quality: real cash, not paper profit
Fin. Strength
17
Balance sheet, leverage, solvency risk
Investment
67
Disciplined investing over empire-building
Low Volatility
67
Calm price path (market factor)
Momentum
86
Price trend over the last 3–12 months (market factor)
52W Momentum
100
Distance to the 52-week high (market factor)
Net Issuance
82
Share count: buybacks or dilution?
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.
0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−92.9%
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.
−50.3%
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.
−13.9%
Start year 2020 (pandemic). Over 10 years: +262.5% 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.
+262.5%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
20.3% (2020) → −5.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
OKEA screens overvalued: fair value 78% below the price. Compare with ConocoPhillips explores for, →
Compare Okea ASA with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Oil & Gas E&P · 271 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Valuation of the Norway market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Oil & gas
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| CNOOC Limited 0883 | HK$24.14 | HK$40.05 | +66% | vs OKEA |
| Diamondback Energy, Inc FANG | $192.13 | $243.76 | +27% | vs OKEA |
| EOG Resources, Inc EOG | $144.28 | $165.02 | +14% | vs OKEA |
| Canadian Natural Resources Limited CNQ | $49.65 | $54.62 | +10% | vs OKEA |
| Devon Energy Corporation DVN | $48.26 | $53.09 | +10% | vs OKEA |
| EQT Corporation EQT | $52.94 | $58.23 | +10% | vs OKEA |
| Texas Pacific Land Corporation TPL | $357.78 | $317.06 | −11% | vs OKEA |
| Woodside Energy Group WDS | $22.57 | $16.61 | −26% | vs OKEA |
| ConocoPhillips explores for, COP | $129.35 | $91.42 | −29% | vs OKEA |
| Occidental Petroleum Corporation OXY | $58.21 | $33.18 | −43% | vs OKEA |
Explore undervalued stocks
More undervalued Energy stocks →
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Okea ASA (OKEA) overvalued or undervalued?
As of Oct 7, 2026, our model estimates a fair value of kr 10.13 versus a price of kr 46.00, about −78% upside (overvalued).
What is the fair value of OKEA?
Our model-based fair value for Okea ASA is kr 10.13 (as of Oct 7, 2026), built from audited fundamentals. The current price: kr 46.00.
What is the quality score of OKEA?
Okea ASA has a Quality Score of 38/100. 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 Okea ASA (OKEA)?
Our model-based price target is the fair value of kr 10.13 (as of Oct 7, 2026) from 2 valuation models. Cautious scenario kr 7.45, optimistic scenario kr 12.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Okea ASA stock forecast for 2026?
Our models put fair value at kr 10.13, about −78% upside versus a price of kr 46.00 (overvalued). Cautious scenario kr 7.45, optimistic scenario kr 12.80. The calculation is refreshed regularly with new filings.
What is the revenue of Okea ASA (OKEA)?
Okea ASA reported trailing-twelve-month revenue of about 781M NOK (latest available figure, as of Oct 7, 2026).
What is the intrinsic value of Okea ASA (OKEA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Okea ASA it is kr 10.13 per share (as of Oct 7, 2026), against a price of kr 46.00. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Okea ASA stock overvalued or undervalued in 2026?
As of Oct 7, 2026, OKEA trades above its calculated fair value: price kr 46.00, fair value kr 10.13, a gap of about −78% (overvalued). 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 OKEA?
No. The price is what the market pays today (kr 46.00); the fair value is what the company's own numbers justify (kr 10.13). For Okea ASA the two are kr 35.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Okea ASA worth?
The market values Okea ASA at about 4.8B NOK (market capitalisation, as of Oct 7, 2026). Per share that is kr 46.00; our models calculate a fair value of kr 10.13 per share.
What do the bullish and bearish scenarios say about OKEA?
Our models span a range for Okea ASA: cautious scenario kr 7.45, base kr 10.13, optimistic kr 12.80 per share (as of Oct 7, 2026, price kr 46.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Okea ASA (OKEA)?
Balance-sheet figures for Okea ASA (as of Oct 7, 2026): return on equity −35.5%, debt of 5.16 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is OKEA from its 52-week high?
Okea ASA trades at kr 46.00, at its 52-week high of kr 46.00 and 165% above the low of kr 17.36 (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of kr 10.13 is for.
Which stocks are comparable to Okea ASA?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, 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 Okea ASA stock attractive at the current price?
The data as of Oct 7, 2026: price kr 46.00, calculated fair value kr 10.13 (−78%), Quality Score 38/100, from 2 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 OKEA calculated?
We run Okea ASA through 2 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 10.13, 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 14.8 % above its aggregate fair value. Okea ASA 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 Okea ASA (OKEA)?
The closing price on Oct 13, 2026 was kr 46.00. Our model-based fair value is kr 10.13, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Okea ASA right now?
The price sits above even our optimistic bull case (kr 12.80). The favourable scenario is already priced in. Weak quality (38/100) 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.
Key figures of Okea ASA
How large is the market capitalisation of Okea ASA (OKEA)?
The market capitalisation of Okea ASA is 4.8B NOK (≈ $500M). 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 Okea ASA (OKEA)?
The price-to-sales ratio of Okea ASA is 4.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Okea ASA (OKEA)?
Earnings per share at Okea ASA are kr −3.91. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Okea ASA (OKEA)?
The net margin of Okea ASA is −7.0% (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 Okea ASA (OKEA)?
The return on equity (ROE) of Okea ASA is −35.5% (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 Okea ASA (OKEA)?
On an EBIT basis the return on assets of Okea ASA is 14.2% (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 Okea ASA (OKEA)?
The operating margin of Okea ASA is 24.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Okea ASA (OKEA)?
Revenue at Okea ASA is growing −1.0% versus a year earlier (3y avg −50.3%). 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 Okea ASA (OKEA)?
Earnings per share at Okea ASA are growing +70.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Okea ASA (OKEA) generate?
The free cash flow of Okea ASA is −51.2M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Okea ASA (OKEA) carry?
The net debt of Okea ASA is 60.5M NOK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Okea ASA in the live analysis
One click puts Okea ASA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.