Storebrand ASA (SREDY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Storebrand ASA $66.02, price $40.81, upside +61.8%, quality 50 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 $8.22 – $44.50 · fair‑value band $23.22 – $132.91 · the $40.81 price screens below the $66.02 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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Storebrand ASA provides insurance products and services in Norway, the United States, Germany, Sweden, the United Kingdom, and internationally. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.
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Storebrand ASA provides insurance products and services in Norway, the United States, Germany, Sweden, the United Kingdom, and internationally. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products. The Insurance segment provides personal insurance, non-life insurance, personal risk, and pension-related insurance products. The Guaranteed Pensions segment offers long-term pension savings products, such as defined contribution pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products. The company serves private individuals, businesses, public enterprises, and corporate and retail markets. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.
Stock analysis
Storebrand ASA ADR (SREDY) currently trades at $40.81, while our model-based Fair Value estimate is $66.02, implying the stock looks roughly 38.2% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $87.74 per share, and 7 of the 13 models we run sit above the $40.81 price.
Bear case: the Asset-Based group reads lowest at $11.05, and 6 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: $23.22 (bear) to $132.91 (bull), the price of $40.81 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 50/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Storebrand ASA ADR reported revenue of 77.3B NOK in FY2025 versus 1.0M NOK in FY2021, a compound +1,567.5%/yr. Reported net income was 5.0B NOK in FY2025, compounding +12.7%/yr from FY2021.
Key figures
Market cap $8.7B · P/E ratio 18.4 · P/S ratio 1.20 · EPS (TTM) $2.22 · Dividend yield 2.9% · Net margin 6.5% · Return on equity 13.9% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 62%, SREDY screens cheaper than that median.
Fair Value models
Bear $23.22Fair Value $66.02Bull $132.91
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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+436.5%
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.
+94.8%
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.
+50.0%
Start year 2020 (pandemic). Over 10 years: +70.1% a year
Revenue growth 24 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.
+15.1%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+25.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.9%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.6% vs 9.9%, picking up
Profit margin 2020 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.22% → 8%
2025 sits 60% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (29 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
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.Financial Conglomerates · 53 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−64.8% · Bottom 25%
Profitability
Return on equity (TTM)13.9% · Top 25%
Return on assets3.6% · Above median
Net margin (TTM)6.4% · Bottom 25%
Growth and dividend
Revenue growth35.0% · Top 25%
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity1.82× · Highest 25%
Valuation Multiplesvs Financial Conglomerates median · lower = cheaper
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Is Storebrand ASA (SREDY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $66.02 versus the last price from Sep 25, 2026 of $40.81, about +62% upside (undervalued).
What is the fair value of SREDY?
Our model-based fair value for Storebrand ASA ADR is $66.02 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $40.81.
What is the quality score of SREDY?
Storebrand ASA ADR has a Quality Score of 50/100. 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 Storebrand ASA (SREDY)?
Our model-based price target is the fair value of $66.02 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario $23.22, optimistic scenario $132.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Storebrand ASA ADR stock forecast for 2026?
Our models put fair value at $66.02, about +62% upside versus the last price from Sep 25, 2026 of $40.81 (undervalued). Cautious scenario $23.22, optimistic scenario $132.91. The calculation is refreshed regularly with new filings.
What is the revenue of Storebrand ASA (SREDY)?
Storebrand ASA ADR reported trailing-twelve-month revenue of about $73.1B (latest available figure, as of Sep 24, 2026).
Does Storebrand ASA ADR pay a dividend?
Storebrand ASA ADR currently shows a dividend yield of about 2.85% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Storebrand ASA (SREDY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Storebrand ASA ADR it is $66.02 per share (as of Sep 24, 2026), against a price of $40.81. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Storebrand ASA ADR stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SREDY trades below its calculated fair value: price $40.81, fair value $66.02, a gap of about +62% (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 SREDY?
No. The price is what the market pays today ($40.81); the fair value is what the company's own numbers justify ($66.02). For Storebrand ASA ADR the two are $25.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Storebrand ASA ADR worth?
The market values Storebrand ASA ADR at about $8.7B (market capitalisation, as of Sep 24, 2026). Per share that is $40.81; our models calculate a fair value of $66.02 per share.
What do the bullish and bearish scenarios say about SREDY?
Our models span a range for Storebrand ASA ADR: cautious scenario $23.22, base $66.02, optimistic $132.91 per share (as of Sep 24, 2026, price $40.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SREDY?
Storebrand ASA ADR trades at a price-to-earnings ratio of 18.4 (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 $66.02 is built from several models across several years.
How solid is the balance sheet of Storebrand ASA (SREDY)?
Balance-sheet figures for Storebrand ASA ADR (as of Sep 24, 2026): return on equity 13.9%, debt of 1.82 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is SREDY from its 52-week high?
Storebrand ASA ADR trades at $40.81, about 8% below its 52-week high of $44.50 and 34% above the low of $30.54 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $66.02 is for.
Which stocks are comparable to Storebrand ASA ADR?
From the same area (Financial Services) we also value ORIX Corporation, Yuanta Financial Holding, Bajaj Finserv Ltd, China Galaxy Securities Co, 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 Storebrand ASA ADR stock attractive at the current price?
The data as of Sep 24, 2026: price $40.81, calculated fair value $66.02 (+62%), Quality Score 50/100, from 13 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 SREDY calculated?
We run Storebrand ASA ADR through 13 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 $66.02, 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 14.5 % above its aggregate fair value. Storebrand ASA ADR currently trades 38 % 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 Storebrand ASA (SREDY)?
The latest price we hold is from Sep 25, 2026 and stands at $40.81. Our model-based fair value is $66.02, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Storebrand ASA ADR right now?
The model range is unusually wide ($23.22 to $132.91). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Storebrand ASA (SREDY) come from?
Earnings per share at Storebrand ASA ADR grew +9.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +53.1 %, EBIT margin −29.0 %, tax rate +0.6 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Storebrand ASA ADR
How large is the market capitalisation of Storebrand ASA (SREDY)?
The market capitalisation of Storebrand ASA ADR is $8.7B. 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 Storebrand ASA (SREDY)?
The price-to-sales ratio of Storebrand ASA ADR is 1.20 (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 Storebrand ASA (SREDY)?
Earnings per share at Storebrand ASA ADR are $2.22 (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Storebrand ASA (SREDY)?
The dividend yield of Storebrand ASA ADR is 2.9% (payout 52.4%). 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 Storebrand ASA (SREDY)?
The net margin of Storebrand ASA ADR is 6.5% (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 Storebrand ASA (SREDY)?
The return on equity (ROE) of Storebrand ASA ADR is 13.9% (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 Storebrand ASA (SREDY)?
On an EBIT basis the return on assets of Storebrand ASA ADR is 0.5% (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 Storebrand ASA (SREDY)?
The operating margin of Storebrand ASA ADR is −242% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Storebrand ASA (SREDY)?
Revenue at Storebrand ASA ADR is growing +35.0% versus a year earlier (3y avg +94.8%). 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 Storebrand ASA (SREDY)?
Earnings per share at Storebrand ASA ADR are growing −38.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Storebrand ASA (SREDY) generate?
The free cash flow of Storebrand ASA ADR is $4.6B (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 Storebrand ASA (SREDY) carry?
The net debt of Storebrand ASA ADR is $46.4B (fiscal year 2025, ≈ 10.1 yrs of FCF). 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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Sep 24, 2026