Aker BP ASA

OB:AKRBP Stock Report

Market Cap: NOK 214.8b

Aker BP Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of AKRBP 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: AKRBP (NOK340.2) is trading below our estimate of future cash flow value (NOK1759.58)

Significantly Below Future Cash Flow Value: AKRBP 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 AKRBP?

Key metric: As AKRBP is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AKRBP. This is calculated by dividing AKRBP's market cap by their current revenue.
What is AKRBP's PS Ratio?
PS Ratio2x
SalesUS$10.95b
Market CapUS$22.21b

Price to Sales Ratio vs Peers

How does AKRBP's PS Ratio compare to its peers?

The above table shows the PS ratio for AKRBP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
VAR Vår Energi
1.6x2.21%NOK 120.2b
DNO DNO
1.4x15.21%NOK 20.2b
BNOR BlueNord
1.4x0.63%NOK 13.6b
BWE BW Energy
2x29.16%NOK 15.0b
AKRBP Aker BP
2x5.26%NOK 214.8b

Price-To-Sales vs Peers: AKRBP is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1.6x).

Historical Price to Sales Ratio

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

Fetching historical data

Price to Sales Ratio vs Industry

How does AKRBP's PS Ratio compare vs other companies in the NO Oil and Gas Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
SEAPT Seacrest Petroleo Bermuda
0.04xn/aUS$7.55m
AGAS Avance Gas Holding
0.01x-165.62%US$1.83m
No more companies available in this PS range
AKRBP 2.0xIndustry Avg. 1.9xNo. of Companies4PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AKRBP is expensive based on its Price-To-Sales Ratio (2x) compared to the European Oil and Gas industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

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

AKRBP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio6.6x

Price-To-Sales vs Fair Ratio: AKRBP is good value based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (6.6x).

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 AKRBP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 340.20
NOK 292.72
-13.96%
17.62%NOK 400.00NOK 175.00n/a18
Mar ’27NOK 286.20
NOK 260.44
-9.00%
16.24%NOK 330.00NOK 170.00n/a18
Feb ’27NOK 281.40
NOK 259.22
-7.88%
17.62%NOK 320.00NOK 150.00n/a18
Jan ’27NOK 256.90
NOK 263.65
+2.63%
14.07%NOK 320.00NOK 175.00n/a17
Dec ’26NOK 247.30
NOK 262.00
+5.94%
11.78%NOK 315.00NOK 195.00n/a17
Nov ’26NOK 262.90
NOK 262.00
-0.34%
11.78%NOK 315.00NOK 195.00n/a17
Oct ’26NOK 254.60
NOK 255.35
+0.30%
12.30%NOK 300.00NOK 190.00n/a17
Sep ’26NOK 255.30
NOK 256.82
+0.60%
12.75%NOK 300.00NOK 190.00n/a17
Aug ’26NOK 246.20
NOK 256.50
+4.18%
13.31%NOK 300.00NOK 190.00n/a16
Jul ’26NOK 258.00
NOK 264.33
+2.45%
13.79%NOK 325.00NOK 190.00n/a18
Jun ’26NOK 235.00
NOK 258.29
+9.91%
16.08%NOK 325.00NOK 190.00n/a17
May ’26NOK 223.20
NOK 268.33
+20.22%
14.22%NOK 325.00NOK 205.00n/a18
Apr ’26NOK 248.90
NOK 270.26
+8.58%
13.48%NOK 325.00NOK 220.00NOK 340.2019
Mar ’26NOK 232.50
NOK 274.74
+18.17%
13.90%NOK 350.00NOK 220.00NOK 286.2019
Feb ’26NOK 236.70
NOK 279.21
+17.96%
13.40%NOK 360.00NOK 210.00NOK 281.4019
Jan ’26NOK 221.70
NOK 280.11
+26.34%
13.98%NOK 370.00NOK 220.00NOK 256.9019
Dec ’25NOK 226.40
NOK 281.16
+24.19%
13.82%NOK 370.00NOK 220.00NOK 247.3019
Nov ’25NOK 233.70
NOK 286.47
+22.58%
15.46%NOK 370.00NOK 220.00NOK 262.9019
Oct ’25NOK 232.30
NOK 302.05
+30.03%
17.28%NOK 415.00NOK 220.00NOK 254.6019
Sep ’25NOK 253.90
NOK 316.11
+24.50%
14.28%NOK 415.00NOK 230.00NOK 255.3019
Aug ’25NOK 262.10
NOK 317.16
+21.01%
14.19%NOK 415.00NOK 230.00NOK 246.2019
Jul ’25NOK 275.40
NOK 319.26
+15.93%
13.55%NOK 415.00NOK 230.00NOK 258.0019
Jun ’25NOK 268.90
NOK 318.53
+18.46%
13.45%NOK 415.00NOK 230.00NOK 235.0019
May ’25NOK 272.00
NOK 321.68
+18.27%
13.18%NOK 415.00NOK 230.00NOK 223.2019
Apr ’25NOK 269.80
NOK 321.06
+19.00%
12.90%NOK 415.00NOK 230.00NOK 248.9018
NOK 292.72
Fair Value
16.2% overvalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/01 23:39
End of Day Share Price 2026/04/01 00:00
Earnings2025/12/31
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

Aker BP ASA is covered by 29 analysts. 17 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
James HosieBarclays
Naisheng CuiBarclays