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Orkla ASA (ORK) Fair Value & Analysis

Consumer Defensive · NO · Market cap 103B NOK

OA Orkla ASA ORK · OL
Pricekr 105.10
Fair Valuekr 126.68
Upside+20.5%
Quality64/100
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Healthy Growth
Solidly profitable · 15.8% net margin
Low debt · generates free cash flow
3.77% dividend yield
Ranks above peers (10/15)
Moderate moat 58/100
Evidence: Medium Range kr 91.79 – kr 197.73 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from kr 124.58 to kr 126.68 (+1.7%) since Jun 24, 2026. Share price −3.4% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (kr 91.79 to kr 197.73) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 126.13 kr 55.07 Fair Value kr 126.68 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 55.07 – kr 126.13 · fair‑value band kr 91.79 – kr 197.73 · the kr 105.10 price screens below the kr 126.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Orkla ASA (ORK) currently trades at kr 105.10, while our model-based Fair Value estimate is kr 126.68, implying the stock looks roughly 20.5% undervalued today. We read business quality at 64/100 (solid quality), in the Consumer Defensive 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: medium), always confirm before acting.

Over the trailing twelve months, Orkla ASA generated revenue of 71.8B NOK at a net margin of 15.8%. Revenue grew 1.3% year over year. It earns a return on equity of 13.6%. Net debt stands at 12.4B NOK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 91.79 (bear case) to kr 197.73 (bull case); at kr 105.10, the current price sits within 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 17% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 21%, ORK screens cheaper 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 BearBaseBull Evidence
Highest evidence
Growth DCF kr 67.09 kr 102.36 kr 151.87 80
Residual Income kr 71.46 kr 85.62 kr 219.44 76
Rev-Margin DCF kr 56.53 kr 93.87 kr 135.65 74
All 26 models by family
DCF Models
FCF DCF kr 65.36 kr 104.40 kr 162.28 38
Owner Earnings kr 127.98 kr 198.78 kr 303.73 31
5Y Revenue Exit kr 56.53 kr 93.34 kr 139.33 39
5Y EBITDA Exit kr 75.34 kr 127.79 kr 187.73 41
5Y P/E Exit kr 117.46 kr 204.88 kr 294.98 38
10Y Revenue Exit kr 57.07 kr 91.06 kr 134.75 36
10Y EBITDA Exit kr 70.95 kr 114.71 kr 170.96 37
10Y P/E Exit kr 97.56 kr 167.62 kr 251.20 35
Earnings-Based
Graham-Dodd kr 80.93 kr 225.05 kr 295.75 54
Lynch FV kr 45.15 kr 64.50 kr 83.85 50
PEG = 1.0 kr 45.15 kr 64.50 kr 83.85 46
EPV kr 41.28 kr 50.10 kr 57.82 59
Dividend Discount
Gordon GGM kr 96.70 kr 201.06 kr 318.96 70
DDM Multi-Stage kr 96.70 kr 152.47 kr 211.02 61
Multiples
P/E Multiple kr 178.51 kr 238.02 kr 297.52 63
P/S Multiple kr 139.15 kr 185.54 kr 231.92 58
P/B Multiple kr 113.58 kr 151.44 kr 189.30 55
EV/EBIT kr 87.58 kr 120.66 kr 153.74 53
EV/EBITDA kr 93.02 kr 127.91 kr 162.80 54
EV/Revenue kr 55.24 kr 83.91 kr 112.58 43
Asset-Based
NCAV (Graham) kr 25.24 kr 33.82 kr 50.48 50
Growth DCF
Growth DCF kr 67.09 kr 102.36 kr 151.87 80
Rev-Margin DCF kr 56.53 kr 93.87 kr 135.65 74
Economic Profit
Residual Income kr 71.46 kr 85.62 kr 219.44 76
ROIC Compounder kr 41.28 kr 50.10 kr 64.28 72
Growth Earnings
Growth-Adj P/E kr 142.82 kr 204.02 kr 265.23 68

Widest divergence: Growth Earnings (kr 204.02) versus Asset-Based (kr 33.82). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 71.8B NOK
Revenue growth (YoY) +1.3%
Net margin 15.8%
Return on equity 13.6%
Free cash flow 6.7B NOK FY2025
P/E ratio 15.2
More key figures
Operating margin 9.9%
EPS (TTM) kr 6.43
Dividend yield 3.9%
EPS growth (YoY) -4.5%
Net debt 12.4B NOK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 52

Profitability 71
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 88
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

Orkla ASA operates as an industrial investment company within brands and consumer-oriented businesses worldwide. It offers decorative paints, marine coatings, protective coatings, and powder coatings; frozen pizza, condiments, bread toppings, and ready-to-eat meals; bakery, ice cream, and plant-based products; and confectionery, biscuits, and salty snacks.

Full company description

Orkla ASA operates as an industrial investment company within brands and consumer-oriented businesses worldwide. It offers decorative paints, marine coatings, protective coatings, and powder coatings; frozen pizza, condiments, bread toppings, and ready-to-eat meals; bakery, ice cream, and plant-based products; and confectionery, biscuits, and salty snacks. The company also provides branded consumer health products, such as daily nutrition and oral health, wound care, and functional personal care under the Möller's, Jordan, and Salvequick brand names; spices and spice blends, ready-to-eat sweets, breakfast mixes, and other; and cleaning and personal hygiene products, such as detergents, cleaning equipment, and personal care products. In addition, it operates a franchised pizza business; offers paintbrushes, rollers, and other painting project consumables comprising sanding equipment, tape, protective gear, and cleaning products; and health and sports nutrition products. The company was founded in 1654 and is headquartered in Oslo, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Orkla ASA reported revenue of kr 71.5B in FY2025 versus kr 50.4B in FY2021, a compound +9.1%/yr. Reported net income was kr 11.5B in FY2025, compounding +24.3%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
71.5B NOK
Latest YoY
+1.3%
Avg. growth/yr (3Y)
+7.0%
Avg. growth/yr (5Y)
+8.7%
Avg. growth/yr (28Y)
+3.1%
Revenue +9.1%/yr
FY21 kr 50.4B
FY22 kr 58.4B
FY23 kr 67.8B
FY24 kr 70.7B
FY25 kr 71.5B
Net income +24.3%/yr
FY21 kr 4.8B
FY22 kr 5.0B
FY23 kr 5.2B
FY24 kr 6.1B
FY25 kr 11.5B

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Cite: Fair Value Calculator (2026). "Orkla ASA Fair Value". https://www.fairvalue-calculator.com/stock/ORK

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Packaged Foods · 650 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 64 · Top 25%
Fair Value upside +21% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth 1% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 16.7× · Cheaper than median
P/B 2.12× · Pricier than median
P/S (TTM) 1.44× · Pricier than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 12.3× · Pricier than median
PEG 1.14× · 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 61 · sector 30
FUTURE 7 · sector 20
PAST 54 · sector 27
HEALTH 86 · sector 96
DIVIDEND 75 · sector 47

Insider activity: 40/100

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Orkla ASA (ORK) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 126.68 versus a price of kr 105.10, about +21% (undervalued).
What is the fair value of ORK?
Our model-based fair value for Orkla ASA is kr 126.68 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 105.10.
What is the quality score of ORK?
Orkla ASA has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Orkla ASA (ORK)?
Orkla ASA reported trailing-twelve-month revenue of about 71.8B NOK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ORK?
The net profit margin of Orkla ASA is about 15.8%, meaning it keeps roughly 15.8% of revenue as net income. Based on the latest reported figures.
Does Orkla ASA pay a dividend?
Orkla ASA currently shows a dividend yield of about 3.88% relative to its recent price (as of Jul 19, 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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