Okea ASA (OKEA) Fair Value & Analysis
Energy · NO · Market cap 3.3B NOK (≈ $347M) · ISIN NO0010816895
Risks
Fair value as of: Aug 27, 2026
From 2 valuation models · updated yesterday
Share price +11.7% over the past month.
Below-average quality, and trading another 277% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 12.80). The favourable scenario is already priced in.
- Weak quality (39/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 11.50 – kr 50.35 · fair‑value band kr 7.45 – kr 12.80 · the kr 38.15 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 Aug 27, 2026.
Analysis
Okea ASA (OKEA) currently trades at kr 38.15, while our model-based Fair Value estimate is kr 10.13, implying the stock looks roughly 73.5% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Energy 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).
Over the trailing twelve months, Okea ASA generated revenue of 781M NOK at a net margin of -5.1%. Revenue declined 1.0% year over year. It earns a return on equity of -35.5%. Net debt stands at 60.5M NOK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 7.45 (bear case) to kr 12.80 (bull case); at kr 38.15, 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 13% below its 52-week high and 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at -73%, OKEA 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.
All 2 models by family
Widest divergence: Multiples (kr 10.13) versus Asset-Based (kr 0.3700). Highest evidence: EV/EBITDA (54).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 77
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
OKEA screens 73% overvalued. Compare with CNOOC Limited →
Peer Group
Oil & Gas E&P · 328 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 Oil & Gas E&P median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CNOOC Limited 600938 | ¥32.85 | ¥32.55 | -1% |
| ConocoPhillips explores for, COP | $130.61 | $90.15 | -31% |
| Canadian Natural Resources Limited CNQ | C$69.03 | C$44.78 | -35% |
| EOG Resources, Inc EOG | $144.50 | $132.20 | -9% |
| Occidental Petroleum Corporation OXY | $59.17 | $30.06 | -49% |
| Diamondback Energy, Inc FANG | $200.52 | $105.24 | -48% |
| Devon Energy Corporation DVN | $46.83 | $27.06 | -42% |
| Woodside Energy Group WDS | A$32.55 | A$20.71 | -36% |
| EQT Corporation EQT | $54.79 | $42.85 | -22% |
| Texas Pacific Land Corporation TPL | $369.40 | $77.26 | -79% |
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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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