DOF Group ASA

OB:DOFG Stock Report

Market Cap: NOK 32.8b

DOF Group Valuation

Is DOFG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DOFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: DOFG (NOK133) is trading below our estimate of future cash flow value (NOK274.24)

Significantly Below Future Cash Flow Value: DOFG is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DOFG?

Key metric: As DOFG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DOFG. This is calculated by dividing DOFG's market cap by their current earnings.
What is DOFG's PE Ratio?
PE Ratio7.5x
EarningsUS$471.00m
Market CapUS$3.52b

Price to Earnings Ratio vs Peers

How does DOFG's PE Ratio compare to its peers?

The above table shows the PE ratio for DOFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15x
TGS TGS
30.1x32.63%NOK 27.3b
AKSO Aker Solutions
6.5x-27.57%NOK 21.2b
SUBC Subsea 7
17.6x7.32%NOK 100.1b
SOMA Solstad Maritime
5.8x-7.88%NOK 13.4b
DOFG DOF Group
7.5x-2.35%NOK 32.8b

Price-To-Earnings vs Peers: DOFG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (15x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DOFG's PE Ratio compare vs other companies in the NO Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PRS Prosafe
1.3x-65.61%US$210.36m
AWDR Awilco Drilling
0.01xn/aUS$2.46m
No more companies available in this PE range
DOFG 7.5xIndustry Avg. 8.1xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DOFG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the Norwegian Energy Services industry average (8.1x).

Price to Earnings Ratio vs Fair Ratio

What is DOFG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DOFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: DOFG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (10x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DOFG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 133.00
NOK 145.66
+9.52%
4.03%NOK 150.19NOK 134.10n/a5
Aug ’27NOK 124.50
NOK 145.87
+17.17%
4.85%NOK 155.48NOK 136.29n/a5
Jul ’27NOK 114.70
NOK 142.48
+24.22%
5.49%NOK 152.02NOK 132.28n/a5
Jun ’27NOK 119.20
NOK 141.64
+18.83%
5.49%NOK 151.12NOK 131.49n/a5
May ’27NOK 137.40
NOK 143.12
+4.16%
8.15%NOK 155.82NOK 126.56n/a5
Apr ’27NOK 137.30
NOK 141.14
+2.80%
7.52%NOK 160.01NOK 129.96n/a5
Mar ’27NOK 126.60
NOK 141.14
+11.49%
7.52%NOK 160.01NOK 129.96n/a5
Feb ’27NOK 112.80
NOK 130.15
+15.38%
10.20%NOK 149.91NOK 108.58n/a5
Jan ’27NOK 95.25
NOK 124.71
+30.93%
7.91%NOK 134.20NOK 108.14n/a4
Dec ’26NOK 94.05
NOK 125.38
+33.32%
7.51%NOK 133.11NOK 109.27n/a4
Nov ’26NOK 90.90
NOK 121.60
+33.78%
6.86%NOK 130.89NOK 108.31n/a4
Oct ’26NOK 98.65
NOK 124.17
+25.86%
7.49%NOK 132.16NOK 108.55n/a4
Sep ’26NOK 97.60
NOK 118.43
+21.34%
8.52%NOK 130.04NOK 107.43n/a4
Aug ’26NOK 93.25
NOK 117.83
+26.36%
7.70%NOK 127.52NOK 107.72NOK 124.504
Jul ’26NOK 88.45
NOK 117.83
+33.22%
7.70%NOK 127.52NOK 107.72NOK 114.704
Jun ’26NOK 88.95
NOK 118.20
+32.89%
8.38%NOK 128.51NOK 107.02NOK 119.204
May ’26NOK 80.85
NOK 123.13
+52.30%
12.61%NOK 140.96NOK 100.83NOK 137.405
Apr ’26NOK 92.70
NOK 132.06
+42.46%
4.45%NOK 141.99NOK 127.68NOK 137.304
Mar ’26NOK 88.40
NOK 133.21
+50.69%
1.29%NOK 134.89NOK 130.99NOK 126.604
Feb ’26NOK 95.40
NOK 136.68
+43.27%
3.61%NOK 144.40NOK 130.76NOK 112.804
Jan ’26NOK 84.50
NOK 142.33
+68.44%
5.47%NOK 154.03NOK 134.09NOK 95.254
Dec ’25NOK 85.00
NOK 140.05
+64.76%
4.99%NOK 150.30NOK 130.84NOK 94.054
Nov ’25NOK 87.65
NOK 141.03
+60.90%
6.18%NOK 151.96NOK 127.61NOK 90.904
Oct ’25NOK 89.70
NOK 139.01
+54.97%
6.46%NOK 149.81NOK 127.84NOK 98.653
Sep ’25NOK 98.70
NOK 136.50
+38.30%
5.41%NOK 146.14NOK 128.18NOK 97.603
Aug ’25NOK 113.10
NOK 118.95
+5.17%
0.99%NOK 120.26NOK 117.40NOK 93.253
NOK 145.66
Fair Value
8.7% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/23 02:21
End of Day Share Price 2026/08/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DOF Group ASA is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Salman AlamCarnegie Investment Bank AB
Jørgen LandeDanske Bank
Kristian AarliDNB Carnegie