Storebrand ASA (STB) Fair Value & Analysis
Financial Services · NO · Market cap 82.6B NOK
Fair value as of: Jul 16, 2026
From 2 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from kr 110.65 to kr 111.06 (+0.4%) since Jun 26, 2026. Share price +10.8% over the past month.
A solid business, but screening 46% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 138.83). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range kr 57.15 – kr 206.00 · fair‑value band kr 83.30 – kr 138.83 · the kr 206.00 price screens above the kr 111.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Storebrand ASA (STB) currently trades at kr 206.00, while our model-based Fair Value estimate is kr 111.06, implying the stock looks roughly 46.1% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Storebrand ASA generated revenue of 73.1B NOK at a net margin of 6.4%. Revenue grew 35.0% year over year. It earns a return on equity of 13.9%. Net debt stands at 46.4B NOK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 83.30 (bear case) to kr 138.83 (bull case); at kr 206.00, 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 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at -46%, STB screens richer 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.
All 2 models by family
Widest divergence: Multiples (kr 67.43) versus Asset-Based (kr 53.15). Highest evidence: P/B Multiple (55).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 83
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Storebrand ASA reported revenue of kr 207M in FY2025 versus kr 118B in FY2021, a compound −79.6%/yr. Reported net income was kr 5.0B in FY2025, compounding +12.7%/yr from FY2021.
STB screens 46% overvalued. Compare with ORIX Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Storebrand ASA (SREDF) Q2 2026 Earnings Call Highlights: Record Growth and Strategic Buybacks ...
- Storebrand ASA (SREDF) Q1 2026 Earnings Call Highlights: Strong Growth in Operational Results ...
- A Look At Storebrand (OB:STB) Valuation After Profit Jump Dividend Hike And Planned Share Buyback
- Storebrand ASA (SREDF) Q4 2025 Earnings Call Highlights: Record Profits and Strategic Growth ...
Peer Group
Financial Conglomerates · 56 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.
Valuation Multiples vs Financial Conglomerates median · lower = cheaper
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 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $40.31 | $35.05 | -13% |
| Bajaj Finserv Ltd BAJAJFINSV | ₹2,065 | ₹682.29 | -67% |
| Yuanta Financial Holding 2885 | 66.70 TWD | 35.75 TWD | -46% |
| China Galaxy Securities Co 601881 | ¥12.94 | ¥18.92 | +46% |
| Guosen Securities Co 002736 | ¥10.34 | ¥17.96 | +74% |
| CNPC Capital Company 000617 | ¥6.80 | ¥5.78 | -15% |
| Aditya Birla Capital Limited ABCAPITAL | ₹399.25 | ₹176.15 | -56% |
| Freedom Holding FRHC | $152.69 | $32.75 | -79% |
| Voya Financial, Inc VOYA | $98.49 | $76.48 | -22% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.77 | ¥9.27 | +19% |
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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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