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Polight ASA (PLT) Fair Value & Analysis

Technology · NO · Market cap 2.4B NOK (≈ $259M) · ISIN NO0012535832

What is Polight ASA really worth?

PA Polight ASA PLT · OL
Pricekr 13.60
Fair Valuekr 1.49
Upside−89.0%
Quality32/100

Below-average quality, and trading another 812% above our fair value of kr 1.49.

As of Aug 21, 2026, the fair value of Polight ASA is kr 1.49 per share against a price of kr 13.60, so the fair value sits 89% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +46.7 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (3/9)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.9800 – kr 1.86

Fair value as of: Aug 21, 2026

From 1 valuation models · updated 16 days ago

Share price +32.8% over the past month.

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 1.86). The favourable scenario is already priced in.
  • Weak quality (32/100) 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.
  • A fairly wide model range (kr 0.9800 to kr 1.86) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 36.49 kr 2.36 Fair Value kr 1.49 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range kr 2.36 – kr 36.49 · fair‑value band kr 0.9800 – kr 1.86 · the kr 13.60 price screens above the kr 1.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Polight ASA (PLT) currently trades at kr 13.60, while our model-based Fair Value estimate is kr 1.49, implying the stock looks roughly 812.4% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Technology sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 28.1M NOK. Revenue grew 197.2% year over year. It earns a return on equity of −43.1%. The balance sheet holds a net cash position of 156M NOK. Fundamentals as of Aug 21, 2026

Our scenario range runs from kr 0.9800 (bear case) to kr 1.86 (bull case); at kr 13.60, 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 near its 52-week high and 305% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −89%, PLT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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. Evidence
Highest evidence
NCAV (Graham) best evidence kr 0.8000 kr 1.07 kr 1.59 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 0.8000 kr 1.07 kr 1.59 54

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Key figures & financial health

P/S ratio 85.8 TTM
EPS (TTM) kr −0.5700
Return on equity −43.1% TTM
Return on assets (EBIT) −35.1% avg 5y
Operating margin −214% TTM
Revenue (TTM) 28.1M NOK TTM
More key figures
Growth
Revenue growth (YoY) +197% 3y avg +15.3%
Balance sheet & cash flow
Free cash flow −92.5M NOK FY2025
Net cash 156M NOK FY2024

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 37 · Market factors (momentum, volatility) 75

Profitability 1
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 0
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.

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

poLight ASA develops optical lens for consumer devices and professional applications in Europe, Asia, and the United States. The company's lens replicates the lens of the human eye enabling the implementation of autofocus functions for various applications.

Full company description

poLight ASA develops optical lens for consumer devices and professional applications in Europe, Asia, and the United States. The company's lens replicates the lens of the human eye enabling the implementation of autofocus functions for various applications. It offers TLens, a tuneable optical lens for autofocus camera applications; Packaged TLens that facilitates integration of a TLens on a fixed-focus camera module; driver ASIC is designed to drive capacitive loads, such as the TLens autofocus actuators; and evaluation kits that allows to test and evaluate the optical and electrical performance of the TLens in new products and/or applications. It serves smartphones and wearables, industrial, augmented reality, healthcare, and webcams markets. poLight ASA was founded in 2005 and is headquartered in Tønsberg, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Polight ASA reported revenue of 20.5M NOK in FY2025 versus 10.0M NOK in FY2021, a compound +19.5%/yr. Reported net income was −118M NOK in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
20.5M NOK
Latest YoY
+112.8%
Avg. revenue growth/yr (3Y) 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.
+15.3%
Avg. revenue growth/yr (5Y) 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.
+46.7%
Avg. revenue growth/yr (10Y) 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.
+62.3%
EBIT 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.
−1,701.5% (2020) → −620.7% (2025)
Value creation/yr 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
Revenue +19.5%/yr
FY21 10.0M NOK
FY22 13.4M NOK
FY23 22.5M NOK
FY24 9.6M NOK
FY25 20.5M NOK
Net income
FY21 −53.5M NOK
FY22 −67.9M NOK
FY23 −85.5M NOK
FY24 −98.8M NOK
FY25 −118M NOK

PLT screens 812% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Polight ASA Fair Value". https://www.fairvalue-calculator.com/stock/PLT.OL

Peer Group

Electronic Components · 638 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 37 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on assets −27% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 197% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.76× · Cheaper than 75% of peers
P/S (TTM) 9.23× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 40
PAST0 · sector 25
HEALTH100 · sector 95
DIVIDEND0 · sector 24

VALUE 0: the price sits above our fair-value range.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Polight ASA (PLT) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of kr 1.49 versus a price of kr 13.60, about −89% upside (overvalued).
What is the fair value of PLT?
Our model-based fair value for Polight ASA is kr 1.49 (as of Aug 21, 2026), built from audited fundamentals. The current price: kr 13.60.
What is the quality score of PLT?
Polight ASA has a Quality Score of 32/100. 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 Polight ASA (PLT)?
Our model-based price target is the fair value of kr 1.49 (as of Aug 21, 2026) from 1 valuation models. Cautious scenario kr 0.9800, optimistic scenario kr 1.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Polight ASA stock forecast for 2026?
Our models put fair value at kr 1.49, about −89% upside versus a price of kr 13.60 (overvalued). Cautious scenario kr 0.9800, optimistic scenario kr 1.86. The calculation is refreshed regularly with new filings.
What is the revenue of Polight ASA (PLT)?
Polight ASA reported trailing-twelve-month revenue of about 28.1M NOK (latest available figure, as of Aug 21, 2026).
What is the net profit margin of PLT?
The net profit margin of Polight ASA is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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