White line = price, green steps = our fair value per fiscal year. As of Oct 5, 2026.
TORM plc (TRMD-A) currently trades at kr 238.60, while our model-based Fair Value estimate is kr 222.67, so the stock looks roughly fairly valued today (gap 7.2%).
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 29.83 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. 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.
Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF
kr 151.23
kr 244.03
kr 376.20
79
Growth DCF
kr 153.94
kr 235.96
kr 345.87
78
Residual Income
kr 140.52
kr 165.70
kr 215.02
76
All 26 models by family
DCF Models
FCF DCF
kr 151.23
kr 244.03
kr 376.20
79
Owner Earnings
kr 127.30
kr 208.34
kr 323.68
75
5Y Revenue Exit
kr 79.72
kr 128.00
kr 186.85
72
5Y EBITDA Exit
kr 130.78
kr 222.67
kr 327.85
74
5Y P/E Exit
kr 149.91
kr 258.15
kr 370.14
70
10Y Revenue Exit
kr 103.09
kr 152.34
kr 213.77
67
10Y EBITDA Exit
kr 136.69
kr 215.57
kr 317.07
68
10Y P/E Exit
kr 148.45
kr 239.30
kr 348.02
63
Earnings-Based
Graham-Dodd
kr 136.34
kr 407.36
kr 539.53
65
Lynch FV
kr 168.13
kr 240.20
kr 312.27
61
PEG = 1.0
kr 168.13
kr 240.20
kr 312.27
57
EPV
kr 155.68
kr 185.45
kr 210.91
74
Dividend Discount
Gordon GGM
kr 122.50
kr 239.71
kr 356.44
67
DDM Multi-Stage
kr 122.50
kr 194.08
kr 253.63
66
Multiples
P/E Multiple
kr 210.50
kr 280.69
kr 350.87
63
P/S Multiple
kr 84.73
kr 112.97
kr 141.21
58
P/B Multiple
kr 94.19
kr 125.63
kr 157.00
55
EV/EBIT
kr 123.13
kr 183.37
kr 243.54
65
EV/EBITDA
kr 118.74
kr 177.45
kr 236.23
66
EV/Revenue
kr 21.63
kr 55.51
kr 89.39
50
Asset-Based
NCAV (Graham)
kr 74.22
kr 99.47
kr 148.45
54
Growth DCF
Growth DCF
kr 153.94
kr 235.96
kr 345.87
78
Rev-Margin DCF
kr 79.72
kr 130.50
kr 189.28
72
Economic Profit
Residual Income
kr 140.52
kr 165.70
kr 215.02
76
ROIC Compounder
kr 157.28
kr 202.29
kr 256.83
72
Growth Earnings
Growth-Adj P/E
kr 180.24
kr 257.52
kr 334.81
67
Models of TRMD.US, converted to this listing with the same factor as the fair value.
Open the full fair value analysis →
Overall quality
44/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability
50
How much profit the company makes from its sales and capital
Quality Growth
6
Are margins and returns getting better?
Cashflow
63
Do the profits arrive as real cash?
Financial strength
66
Debt, balance sheet and risk of trouble
Investment
30
Does it invest with discipline instead of growing at any price?
Low Volatility
71
How calm the share price moves, does not count
Price momentum
78
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high
83
Distance to the 52-week high, does not count
New shares
28
Buys back shares or issues new ones?
Open the full quality analysis →
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate.
Pick a strategy and jump into the live analysis with that exact screen applied.
Is TORM plc (TRMD-A) overvalued or undervalued?
As of Oct 5, 2026, our model estimates a fair value of kr 222.67 versus a price of kr 238.60, about 7% lower (fairly valued).
What is the fair value of TRMD-A?
Our model-based fair value for TORM plc is kr 222.67 (as of Oct 5, 2026), built from audited fundamentals. The current price: kr 238.60.
What is the quality score of TRMD-A?
TORM plc has a Quality Score of 44/100. 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 TORM plc (TRMD-A)?
Our model-based price target is the fair value of kr 222.67 (as of Oct 5, 2026) from 26 valuation models. Cautious scenario kr 136.69, optimistic scenario kr 327.85. It is a calculation from audited fundamentals, not an analyst target.
What is the TORM plc stock forecast for 2026?
Our models put fair value at kr 222.67, about 7% lower versus a price of kr 238.60 (fairly valued). Cautious scenario kr 136.69, optimistic scenario kr 327.85. The calculation is refreshed regularly with new filings.
What is the revenue of TORM plc (TRMD-A)?
TORM plc reported trailing-twelve-month revenue of about $1.8B (latest available figure, as of Oct 5, 2026).
Does TORM plc pay a dividend?
TORM plc currently shows a dividend yield of 1.85% relative to its recent price (as of Oct 5, 2026).
How much is the dividend of TORM plc (TRMD-A) and when is the ex-dividend date?
TORM plc pays a dividend of kr 4.42 per share a year, a dividend yield of 1.9%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since 2022. The payout ratio is 70.0% of earnings. Free cash flow covers the dividend 0.95 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into TORM plc (TRMD-A)?
For today's price to be fair in a discounted-cash-flow model, TORM plc would have to grow free cash flow by +11.5 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.2 % per year. As of Oct 5, 2026.
What discount rate (WACC) does the fair value of TRMD-A use?
Our models discount TORM plc at 9.5 %: a base by market capitalisation (mid), country premium for Denmark. 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 TORM plc that is +11.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has TORM plc (TRMD-A) delivered so far?
Over the past 5 years revenue at TORM plc grew +13.2 % a year. The price currently implies free-cash-flow growth of +11.5 % per 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 TORM plc (TRMD-A) growing?
The median revenue growth in the sector is +13.1 % a year. That is the yardstick for the growth priced into TORM plc (+11.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TORM plc (TRMD-A)?
The free-cash-flow yield on the price is 5.35 %: that much free cash flow TORM plc produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TORM plc (TRMD-A)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TORM plc it is kr 222.67 per share (as of Oct 5, 2026), against a price of kr 238.60. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TORM plc stock overvalued or undervalued in 2026?
As of Oct 5, 2026, TRMD-A trades above its calculated fair value: price kr 238.60, fair value kr 222.67, 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 TRMD-A?
No. The price is what the market pays today (kr 238.60); the fair value is what the company's own numbers justify (kr 222.67). For TORM plc the two are kr 15.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is TORM plc worth?
The market values TORM plc at about 24.8B DKK (market capitalisation, as of Oct 5, 2026). Per share that is kr 238.60; our models calculate a fair value of kr 222.67 per share.
What do the bullish and bearish scenarios say about TRMD-A?
Our models span a range for TORM plc: cautious scenario kr 136.69, base kr 222.67, optimistic kr 327.85 per share (as of Oct 5, 2026, price kr 238.60). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is TRMD-A from its 52-week high?
TORM plc trades at kr 238.60, about 16% below its 52-week high of kr 284.80 and 102% above the low of kr 118.21 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of kr 222.67 is for.
Which stocks are comparable to TORM plc?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, 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 TORM plc stock attractive at the current price?
The data as of Oct 5, 2026: price kr 238.60, calculated fair value kr 222.67 (−7%), Quality Score 44/100, 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 TRMD-A calculated?
We run TORM plc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 222.67 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. TORM plc 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 TORM plc (TRMD-A)?
The closing price on Nov 11, 2026 was kr 238.60. Our model-based fair value is kr 222.67, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TORM plc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 136.69 to kr 327.85) leaves room in how you read the outcome.
Key figures of TORM plc
How large is the market capitalisation of TORM plc (TRMD-A)?
The market capitalisation of TORM plc is 24.8B DKK (≈ $3.7B). 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/E ratio of TORM plc (TRMD-A)?
The price-to-earnings ratio of TORM plc is 6.1. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of TORM plc (TRMD-A)?
The price-to-sales ratio of TORM plc is 1.31 (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 TORM plc (TRMD-A)?
Earnings per share at TORM plc are kr 38.87 (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TORM plc (TRMD-A)?
The dividend yield of TORM plc is 1.9% (payout 11.4%). 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 TORM plc (TRMD-A)?
The net margin of TORM plc is 21.3% (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 TORM plc (TRMD-A)?
The return on equity (ROE) of TORM plc is 26.8% (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 TORM plc (TRMD-A)?
On an EBIT basis the return on assets of TORM plc is 15.4% (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 TORM plc (TRMD-A)?
The operating margin of TORM plc is 53.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TORM plc (TRMD-A)?
Revenue at TORM plc is growing +110% versus a year earlier (3y avg −1.3%). 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 TORM plc (TRMD-A)?
Earnings per share at TORM plc are growing +460% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TORM plc (TRMD-A) carry?
The net debt of TORM plc is $848M (fiscal year 2025, ≈ 4.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.