BW LPG Limited

OB:BWLPG Stock Report

Market Cap: NOK 35.5b

BWG Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 BWLPG 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: BWLPG (NOK233.8) is trading above our estimate of future cash flow value (NOK155.87)

Significantly Below Future Cash Flow Value: BWLPG is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BWLPG. This is calculated by dividing BWLPG's market cap by their current earnings.
What is BWLPG's PE Ratio?
PE Ratio8.6x
EarningsUS$445.72m
Market CapUS$3.82b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BWLPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
OET Okeanis Eco Tankers
7.3x-34.21%NOK 27.3b
HAFNI Hafnia
7.2x-37.64%NOK 44.3b
BNOR BlueNord
32.2x32.62%NOK 15.0b
BWE BW Energy
15.9x44.92%NOK 14.8b
BWLPG BWG
8.6x-37.82%NOK 35.5b

Price-To-Earnings vs Peers: BWLPG is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (15.7x).

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 BWLPG's PE Ratio compare vs other companies in the NO Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AGAS Avance Gas Holding
0.005x-147.24%US$1.83m
No more companies available in this PE range
BWLPG 8.6xIndustry Avg. 14.3xNo. of Companies3PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BWLPG is good value based on its Price-To-Earnings Ratio (8.6x) compared to the European Oil and Gas industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is BWLPG'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.

BWLPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio4.5x

Price-To-Earnings vs Fair Ratio: BWLPG is expensive based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (4.5x).

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 BWLPG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 233.80
NOK 239.26
+2.34%
10.62%NOK 264.57NOK 208.53n/a4
Sep ’27NOK 229.60
NOK 223.46
-2.67%
9.86%NOK 266.36NOK 205.88n/a5
Aug ’27NOK 215.20
NOK 212.37
-1.32%
6.54%NOK 234.76NOK 191.84n/a5
Jul ’27NOK 175.20
NOK 215.92
+23.24%
5.11%NOK 235.49NOK 202.67n/a5
Jun ’27NOK 186.00
NOK 203.44
+9.38%
9.07%NOK 237.49NOK 186.58n/a5
May ’27NOK 185.10
NOK 176.79
-4.49%
13.98%NOK 205.87NOK 138.09n/a4
Apr ’27NOK 168.90
NOK 169.51
+0.36%
14.67%NOK 200.80NOK 136.58n/a4
Mar ’27NOK 171.70
NOK 168.65
-1.78%
14.57%NOK 199.94NOK 143.36n/a4
Feb ’27NOK 151.80
NOK 157.17
+3.54%
11.84%NOK 189.23NOK 143.80n/a4
Jan ’27NOK 132.00
NOK 147.82
+11.99%
6.68%NOK 157.23NOK 134.19n/a3
Dec ’26NOK 126.90
NOK 163.71
+29.01%
13.56%NOK 184.74NOK 133.00n/a3
Nov ’26NOK 134.40
NOK 162.61
+20.99%
14.05%NOK 185.26NOK 131.34n/a3
Oct ’26NOK 139.20
NOK 171.36
+23.10%
6.76%NOK 185.14NOK 156.79n/a3
Sep ’26NOK 154.10
NOK 169.16
+9.77%
6.43%NOK 182.69NOK 156.08NOK 229.603
Aug ’26NOK 135.40
NOK 167.80
+23.93%
7.28%NOK 185.02NOK 158.03NOK 215.203
Jul ’26NOK 117.00
NOK 166.79
+42.56%
7.15%NOK 183.56NOK 156.79NOK 175.203
Jun ’26NOK 104.40
NOK 168.00
+60.92%
7.28%NOK 185.24NOK 158.22NOK 186.003
May ’26NOK 103.40
NOK 170.49
+64.88%
8.12%NOK 190.03NOK 159.82NOK 185.103
Apr ’26NOK 113.90
NOK 167.17
+46.77%
4.49%NOK 177.74NOK 160.98NOK 168.903
Mar ’26NOK 130.30
NOK 178.25
+36.80%
4.87%NOK 190.31NOK 170.18NOK 171.703
Feb ’26NOK 143.70
NOK 182.19
+26.79%
6.88%NOK 199.75NOK 171.25NOK 151.803
Jan ’26NOK 125.30
NOK 173.08
+38.13%
11.84%NOK 199.64NOK 149.73NOK 132.003
Dec ’25NOK 133.90
NOK 192.72
+43.93%
12.60%NOK 214.68NOK 158.88NOK 126.903
Nov ’25NOK 141.00
NOK 192.80
+36.74%
9.13%NOK 205.97NOK 167.91NOK 134.403
Oct ’25NOK 158.30
NOK 192.80
+21.80%
9.13%NOK 205.97NOK 167.91NOK 139.203
Sep ’25NOK 166.50
NOK 206.10
+23.78%
16.67%NOK 249.85NOK 165.95NOK 154.103
NOK 239.26
Fair Value
2.3% undervalued intrinsic discount
4
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 Analysis2026/09/11 23:24
End of Day Share Price 2026/09/11 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 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

BW LPG Limited is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Mark Andrew Falzon ManducaBofA Global Research
Anders-Redigh KarlsenDanske Bank