Vår Energi ASA (VAR) Fair Value & Analysis
Energy · NO · Market cap 114B NOK
Fair value as of: Jun 24, 2026
From 25 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from kr 6.82 to kr 4.75 (−30.4%) since Jun 23, 2026. Share price −8.6% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 29.66 – kr 52.14 · fair‑value band kr 3.56 – kr 5.93 · the kr 42.63 price screens above the kr 4.75 fair value. As of Jun 24, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
Vår Energi ASA (VAR) currently trades at kr 42.63, while our model-based Fair Value estimate is kr 4.75 — implying the stock looks roughly 88.9% overvalued today. We read business quality at 95/100 (high quality), in the Energy 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, Vår Energi ASA generated revenue of 8.8B NOK at a net margin of 8.7%. Revenue grew 45.0% year over year. It earns a return on equity of 97.5%. Net debt stands at 5.3B NOK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. The company produces crude oil and natural gas liquids. It also engages in the production, development, and exploration assets on the Norwegian Continental Shelf (NCS). The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi ASA is a subsidiary of Eni International B.V.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Vår Energi ASA reported revenue of kr 8.1B in FY2025 versus kr 6.0B in FY2021, a compound +7.6%/yr. Reported net income was kr 846M in FY2025, compounding +6.6%/yr from FY2021.
Open the full interactive analysis →
Similar stocks
6 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CNOOC Limited 0883 | HK$25.56 | HK$34.50 | +35% |
| COP COP | $109.70 | $91.79 | -16% |
| COPH34 COPH34 | R$51.65 | R$38.40 | -26% |
| YCP YCP | €95.32 | €91.80 | -4% |
| Canadian Natural Resources Limited CNQ | $47.21 | $70.51 | +49% |
| EOG Resources, Inc EOG | $132.83 | $162.51 | +22% |
Explore undervalued stocks
More undervalued Energy stocks →
Frequently asked questions
Is Vår Energi ASA (VAR) undervalued?
What is the fair value of VAR?
What is the quality score of VAR?
What is the revenue of Vår Energi ASA (VAR)?
What is the net profit margin of VAR?
Does Vår Energi ASA pay a dividend?
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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.