Pexip Holding ASA (PEXIP) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Pexip Holding ASA NOK 82.83, price NOK 75.30, upside +10.0%, quality 83 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 6.96 – kr 84.60 · fair‑value band kr 57.85 – kr 107.25 · the kr 75.30 price screens below the kr 82.83 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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Pexip Holding ASA, a video technology company, offers end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It provides self-hosted software application and as-a-service deployment options for enterprise video conferencing, built on its proprietary Infinity technology.
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Pexip Holding ASA, a video technology company, offers end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It provides self-hosted software application and as-a-service deployment options for enterprise video conferencing, built on its proprietary Infinity technology. The company also offers Pexip Secure and Custom Spaces platform, a video meetings that are self-hosted on-premises or in a private cloud, such as Pexip Secure Meetings for national security and defense, government, justice, and healthcare; Pexip Private AI platform, an AI powered captions and translations in secure and custom meetings; Pexip Secure Scheduler which offers secure scheduling for secure meetings; and Pexip Video Platform, a video platform designed for secure and custom environments demanding for strict control and regulatory compliance. In addition, the company provides Pexip Connected Spaces platform that connects any video meeting room device to any meeting platform, including Connect for Microsoft Teams and Teams Rooms; Connect for Google Meet and Google Meet Rooms; Connect for U.S. Government; and Connect for Zoom Rooms. Pexip Holding ASA was founded in 2011 and is headquartered in Oslo, Norway.
Stock analysis
Pexip Holding ASA (PEXIP) currently trades at kr 75.30, while our model-based Fair Value estimate is kr 82.83, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 72.53 per share, and 4 of the 26 models we run sit above the kr 75.30 price.
Bear case: the Asset-Based group reads lowest at kr 9.96, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 57.85 (bear) to kr 107.25 (bull), the price of kr 75.30 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 83/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Pexip Holding ASA reported revenue of 1.2B NOK in FY2025 versus 806M NOK in FY2021, a compound +11.1%/yr. Reported net income was 208M NOK in FY2025.
Key figures
Market cap 8.6B NOK (≈ $903M) · P/E ratio 29.5 · P/S ratio 4.99 · EPS (TTM) kr 2.55 · Dividend yield 0.4% · Net margin 16.9% · Return on equity 17.5% · Return on assets (EBIT) −2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 10%, PEXIP screens cheaper than that median.
Fair Value models
Bear kr 57.85Fair Value kr 82.83Bull kr 107.25
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 1.64 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.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.
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.97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.8%
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.
+12.3%
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.
+12.6%
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.
+28.3%
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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.
+68.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+68.0%
Dividend (yield on the price)0.4%
Profit margin 2019 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.9% → 21%
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as 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).
+15.3%
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.
+10.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +12.6% a year for the price and +7.7% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Software - Application · 710 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score83 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)21% · Top 25%
Operating margin (TTM)42% · Top 25%
Growth and dividend
Revenue growth30% · Top 25%
Dividend yield (TTM)0.4% · Bottom 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
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Is Pexip Holding ASA (PEXIP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 82.83 versus a price of kr 75.30, about +10% upside (undervalued).
What is the fair value of PEXIP?
Our model-based fair value for Pexip Holding ASA is kr 82.83 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 75.30.
What is the quality score of PEXIP?
Pexip Holding ASA has a Quality Score of 83/100. 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 Pexip Holding ASA (PEXIP)?
Our model-based price target is the fair value of kr 82.83 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 57.85, optimistic scenario kr 107.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Pexip Holding ASA stock forecast for 2026?
Our models put fair value at kr 82.83, about +10% upside versus a price of kr 75.30 (undervalued). Cautious scenario kr 57.85, optimistic scenario kr 107.25. The calculation is refreshed regularly with new filings.
Does Pexip Holding ASA pay a dividend?
Pexip Holding ASA currently shows a dividend yield of about 0.41% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Pexip Holding ASA (PEXIP)?
For today's price to be fair in a discounted-cash-flow model, Pexip Holding ASA would have to grow free cash flow by +15.3 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PEXIP use?
Our models discount Pexip Holding ASA at 12.2 %: a base by market capitalisation (small), damped by beta 1.45, 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 Pexip Holding ASA that is +15.3 % per year a year over ten years, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Pexip Holding ASA (PEXIP) delivered so far?
Over the past 5 years revenue at Pexip Holding ASA grew +12.6 % a year. The price currently implies +15.3 % 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 Pexip Holding ASA (PEXIP) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Pexip Holding ASA (+15.3 % 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 Pexip Holding ASA (PEXIP)?
The free-cash-flow yield on the price is 4.65 %: that much free cash flow Pexip Holding ASA produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pexip Holding ASA (PEXIP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pexip Holding ASA it is kr 82.83 per share (as of Sep 24, 2026), against a price of kr 75.30. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Pexip Holding ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PEXIP trades below its calculated fair value: price kr 75.30, fair value kr 82.83, a gap of about +10% (undervalued). 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 PEXIP?
No. The price is what the market pays today (kr 75.30); the fair value is what the company's own numbers justify (kr 82.83). For Pexip Holding ASA the two are kr 7.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pexip Holding ASA worth?
The market values Pexip Holding ASA at about 8.6B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 75.30; our models calculate a fair value of kr 82.83 per share.
What do the bullish and bearish scenarios say about PEXIP?
Our models span a range for Pexip Holding ASA: cautious scenario kr 57.85, base kr 82.83, optimistic kr 107.25 per share (as of Sep 24, 2026, price kr 75.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PEXIP?
Pexip Holding ASA trades at a price-to-earnings ratio of 29.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 82.83 is built from several models across several years. Other multiples: P/B 0.6, P/S 6.7, EV/EBITDA 14.1.
How solid is the balance sheet of Pexip Holding ASA (PEXIP)?
Balance-sheet figures for Pexip Holding ASA (as of Sep 24, 2026): return on equity 17.5%. They feed the Quality Score of 83/100, which measures business quality independently of the share price.
How far is PEXIP from its 52-week high?
Pexip Holding ASA trades at kr 75.30, about 11% below its 52-week high of kr 84.60 and 44% above the low of kr 52.15 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 82.83 is for.
Which stocks are comparable to Pexip Holding ASA?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Pexip Holding ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 75.30, calculated fair value kr 82.83 (+10%), Quality Score 83/100, from 26 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 PEXIP calculated?
We run Pexip Holding ASA through 26 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 82.83, 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 14.1 % above its aggregate fair value. Pexip Holding ASA currently trades 10 % below its own fair value, and the market average says nothing about that. 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 Pexip Holding ASA (PEXIP)?
The closing price on Sep 23, 2026 was kr 75.30. Our model-based fair value is kr 82.83, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pexip Holding ASA right now?
A fairly wide model range (kr 57.85 to kr 107.25) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Pexip Holding ASA
How large is the market capitalisation of Pexip Holding ASA (PEXIP)?
The market capitalisation of Pexip Holding ASA is 8.6B NOK (≈ $903M). 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 Pexip Holding ASA (PEXIP)?
The price-to-sales ratio of Pexip Holding ASA is 4.99 (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 Pexip Holding ASA (PEXIP)?
Earnings per share at Pexip Holding ASA are kr 2.55 (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pexip Holding ASA (PEXIP)?
The dividend yield of Pexip Holding ASA is 0.4% (payout 12.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Pexip Holding ASA (PEXIP)?
The net margin of Pexip Holding ASA is 16.9% (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 Pexip Holding ASA (PEXIP)?
The return on equity (ROE) of Pexip Holding ASA is 17.5% (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 Pexip Holding ASA (PEXIP)?
On an EBIT basis the return on assets of Pexip Holding ASA is −2.7% (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 Pexip Holding ASA (PEXIP)?
The operating margin of Pexip Holding ASA is 42.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pexip Holding ASA (PEXIP)?
Revenue at Pexip Holding ASA is growing +29.6% versus a year earlier (3y avg +12.3%). 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 Pexip Holding ASA (PEXIP)?
Earnings per share at Pexip Holding ASA are growing +110% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Pexip Holding ASA (PEXIP) hold?
Pexip Holding ASA holds more cash than debt, 677M NOK net (fiscal year 2021). The company holds more cash than debt, a safety cushion.
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