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Otovo AS (OTOVO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Otovo AS stock NOK 7.68, price NOK 8.28, that is 7.2% below the price, quality 45 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology NO · ISIN NO0013721613

OA Otovo AS logo Thin data Nov 10, 2026

Otovo AS

OTOVO · OL
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Fair value kr 7.68 · Fairly valued
Quality 45/100
Mixed vs. peers (4/10)
Revenue last quarter 38% below a year ago.
Weak Growth (revenue 3y −4.5 %/yr in NOK)
Loss-making · -97.9% net margin (TTM)
Negative free cash flow
Narrow moat 10/100 · thin data
Thin data
Estimate
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What runs behind every stock

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

Price vs Fair Value

kr 298.17 kr 6.38 Fair Value kr 7.68 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 6.38 – kr 298.17 · fair‑value band kr 5.76 – kr 9.60 · the kr 8.28 price screens above the kr 7.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Otovo ASA, together with its subsidiaries, engages in the sale and installation of solar panels and related home energy products in Norway, Sweden, Poland, Italy, Germany, Switzerland, Austria, France, the Netherlands, Belgium, Spain, Portugal, and the United Kingdom.

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It operates through three segments: Newbuild, Recurring Services, and Field Services.

The company offers solar, battery, generator, and electricity plans; and various services, including system inspection, pro cleaning, critter guard, generator tune-up, and removal and reinstall, as well as maintenance, grid, electricity, home energy products renting, and subscription services.

It also provides Endurance, an AI-built software and online sales platform that automates workflows across intake, diagnostics, dispatch, procurement, billing, and customer support. The company serves residential and commercial customers.

Otovo ASA was incorporated in 2015 and is headquartered in Oslo, Norway.

Stock analysis

Otovo AS (OTOVO) currently trades at kr 8.28, while our estimate is kr 7.68, so the stock looks roughly fairly valued today (gap 7.8%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 5.76 (bear) to kr 9.60 (bull), the price of kr 8.28 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 45/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Otovo AS reported revenue of 567M NOK in FY2025 versus 289M NOK in FY2021, a compound +18.3%/yr. Reported net income was −395M NOK in FY2025.

Key figures

Market cap 679M NOK (≈ $71.5M) Micro · P/S ratio 1.46 · EPS (TTM) kr −9.80 · Net margin −97.9% · Return on equity −129% · Return on assets (EBIT) −40.7% (5-year average) · Operating margin −74.0% · Revenue (TTM) 470M NOK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 16% fair-value upside, at −7%, OTOVO screens richer than that median.

Fair Value

Bear kr 5.76 Fair Value kr 7.68 Bull kr 9.60
Price kr 8.28 · Downside -7.2%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 27
How much profit the company makes from its sales and capital
Quality Growth 24
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 55
Debt, balance sheet and risk of trouble
Investment 90
Does it invest with discipline instead of growing at any price?
Low Volatility 28
How calm the share price moves, does not count
Price momentum 24
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 27
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

Open the full quality analysis →

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. 38/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−12.6%
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.
−4.5%
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.
+30.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
+38.4%
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.
−67.6% (2020) → −69.2% (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

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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.Solar · 105 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Above median
Fair Value upside −7.2% · Above median
Profitability
Return on assets −81.2% · Bottom 25%
Net margin (12 months) −97.9% · Bottom 25%
Operating margin (12 months) −74.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −38.2% · Bottom 25%
Balance sheet
Debt / equity 0.08× · Below median

Valuation Multiplesvs Solar median · lower = cheaper

P/B 2.44× · Pricier than median
P/S (12 months) 1.44× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)24 · sector 18
FUTURE (revenue growth)0 · sector 5
PAST (return on equity)0 · sector 0
HEALTH (low debt)96 · sector 82
DIVIDEND (yield)0 · sector 26

Context: sector, industry, market

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

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
First Solar, Inc FSLR $180.98 $392.02 +117% vs OTOVO
Hengdian Group 002056 ¥17.22 ¥31.86 +85% vs OTOVO
Jinko Solar Co 688223 ¥4.22 ¥6.49 +54% vs OTOVO
Waaree Energies Limited WAAREEENER ₹2,444 ₹3,613 +48% vs OTOVO
Nextpower Inc NXT $99.82 $115.38 +16% vs OTOVO
Hanwha Solutions Corporation 009830 24,400 KRW 26,751 KRW +10% vs OTOVO
Tongwei Co 600438 ¥11.97 ¥12.13 +1% vs OTOVO
Premier Energies Limited PREMIERENE ₹886.00 ₹646.51 −27% vs OTOVO
Shanghai Aiko Solar Energy Co 600732 ¥12.96 ¥7.22 −44% vs OTOVO
CSI Solar Co 688472 ¥8.97 ¥4.87 −46% vs OTOVO

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Otovo AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Otovo AS Fair Value". https://www.fairvalue-calculator.com/stock/OTOVO

Frequently asked questions

Is Otovo AS (OTOVO) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 7.68 versus a price of kr 8.28, about 7% lower (fairly valued).
What is the fair value of OTOVO?
Our estimate for Otovo AS is kr 7.68 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 8.28.
What is the quality score of OTOVO?
Otovo AS has a Quality Score of 45/100. 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 Otovo AS (OTOVO)?
Our calculated price target is the estimate of kr 7.68 (as of Nov 10, 2026). Cautious scenario kr 5.76, optimistic scenario kr 9.60. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Otovo AS stock forecast for 2026?
Our estimate puts fair value at kr 7.68, about 7% lower versus a price of kr 8.28 (fairly valued). Cautious scenario kr 5.76, optimistic scenario kr 9.60. The calculation is refreshed regularly with new filings.
What is the revenue of Otovo AS (OTOVO)?
Otovo AS reported trailing-twelve-month revenue of about 470M NOK (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Otovo AS (OTOVO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Otovo AS it is kr 7.68 per share (as of Nov 10, 2026), against a price of kr 8.28.
Is Otovo AS stock overvalued or undervalued in 2026?
As of Nov 10, 2026, OTOVO trades above its calculated fair value: price kr 8.28, fair value kr 7.68, a gap of about −7% (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 OTOVO?
No. The price is what the market pays today (kr 8.28); the fair value is what the company's own numbers justify (kr 7.68). For Otovo AS the two are kr 0.6000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Otovo AS worth?
The market values Otovo AS at about 679M NOK (market capitalisation, as of Nov 10, 2026). Per share that is kr 8.28; our models calculate a fair value of kr 7.68 per share.
What do the bullish and bearish scenarios say about OTOVO?
Our models span a range for Otovo AS: cautious scenario kr 5.76, base kr 7.68, optimistic kr 9.60 per share (as of Nov 10, 2026, price kr 8.28). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Otovo AS (OTOVO)?
Balance-sheet figures for Otovo AS (as of Nov 10, 2026): return on equity −128.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is OTOVO from its 52-week high?
Otovo AS trades at kr 8.28, about 52% below its 52-week high of kr 17.26 and 30% above the low of kr 6.38 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 7.68 is for.
Which stocks are comparable to Otovo AS?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Otovo AS stock attractive at the current price?
The data as of Nov 10, 2026: price kr 8.28, calculated fair value kr 7.68 (−7%), Quality Score 45/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Otovo AS 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 Otovo AS (OTOVO)?
The closing price on Nov 10, 2026 was kr 8.28. Our estimate is kr 7.68, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Otovo AS right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Otovo AS

How large is the market capitalisation of Otovo AS (OTOVO)?
The market capitalisation of Otovo AS is 679M NOK (≈ $71.5M). 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 Otovo AS (OTOVO)?
The price-to-sales ratio of Otovo AS is 1.46 (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 Otovo AS (OTOVO)?
Earnings per share at Otovo AS are kr −9.80. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Otovo AS (OTOVO)?
The net margin of Otovo AS is −97.9% (last twelve months). 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 Otovo AS (OTOVO)?
The return on equity (ROE) of Otovo AS is −129% (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 Otovo AS (OTOVO)?
On an EBIT basis the return on assets of Otovo AS is −40.7% (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 Otovo AS (OTOVO)?
The operating margin of Otovo AS is −74.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Otovo AS (OTOVO)?
Revenue at Otovo AS is growing −38.2% versus a year earlier (3y avg −4.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Otovo AS (OTOVO) generate?
The free cash flow of Otovo AS is −309M 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 Otovo AS (OTOVO) carry?
The net debt of Otovo AS is 282M NOK (fiscal year 2024). 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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