Kongsberg Gruppen (KOG) Stock Overview
Provides high-tech systems and solutions primarily to customers in the defense markets. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 6/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
No risks detected for KOG from our risk checks.
KOG Community Fair Values
Create NarrativeSee what 122 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
NOK 395.29
FV
29.6% undervalued intrinsic discount15.00%
Revenue growth p.a.
110
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Kongsberg Gruppen ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 278.40 |
| 52 Week High | NOK 427.00 |
| 52 Week Low | NOK 228.50 |
| Beta | 0.21 |
| 1 Month Change | -16.17% |
| 3 Month Change | -30.02% |
| 1 Year Change | -26.55% |
| 3 Year Change | 185.13% |
| 5 Year Change | 519.22% |
| Change since IPO | 17,646.67% |
Recent News & Updates
Analysis Article • Jun 20
Kongsberg Gruppen (OB:KOG) Stock Could Be 17.5% Undervalued After US Air Force Missile Deal
Kongsberg Gruppen (OB:KOG) drew fresh investor attention after announcing a NOK 2,700 million contract to supply additional Joint Strike Missiles to the US Air Force, with deliveries scheduled through the end of 2029. See our latest analysis for Kongsberg Gruppen. That new missile contract lands after a mixed stretch for Kongsberg Gruppen, with a 1-day share price return of 4.12% and a 90-day share price return down 23.53%. However, the 5-year total shareholder return is very large,...
Narrative Update • Jun 17
KOG: Record Defense Backlog And Capacity Expansion Will Support Future Upside
The analyst price target for Kongsberg Gruppen has shifted slightly, moving from NOK 500 to NOK 490, as analysts adjust their valuation framework to reflect updated assumptions on discount rates, growth and margins following recent mixed research views on the stock. Analyst Commentary Recent research on Kongsberg Gruppen has been mixed, with both more cautious and more constructive views emerging over time.
Narrative Update • Jun 02
KOG: Defence Contracts And Dividend Policy Will Support Future Upside Potential
The analyst price target for Kongsberg Gruppen has been adjusted slightly to NOK 371.11 from NOK 372.29. Analysts point to updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples as key drivers for the change.
Narrative Update • May 17
KOG: Balanced Outlook As Mixed Ratings And Execution Risks Shape Fair Value
The analyst fair value estimate for Kongsberg Gruppen has shifted from NOK 290.00 to NOK 280.00, as analysts factor in updated assumptions on growth, margins, and a higher expected future P/E multiple informed by recent rating and price target moves on the stock. Analyst Commentary Recent research on Kongsberg Gruppen points to a mixed backdrop, with some bullish rating moves sitting alongside more cautious views on valuation and execution.Recent updates
Analysis Article • Jun 20
Kongsberg Gruppen (OB:KOG) Stock Could Be 17.5% Undervalued After US Air Force Missile Deal
Kongsberg Gruppen (OB:KOG) drew fresh investor attention after announcing a NOK 2,700 million contract to supply additional Joint Strike Missiles to the US Air Force, with deliveries scheduled through the end of 2029. See our latest analysis for Kongsberg Gruppen. That new missile contract lands after a mixed stretch for Kongsberg Gruppen, with a 1-day share price return of 4.12% and a 90-day share price return down 23.53%. However, the 5-year total shareholder return is very large,...Narrative Update • Jun 17
KOG: Record Defense Backlog And Capacity Expansion Will Support Future Upside
The analyst price target for Kongsberg Gruppen has shifted slightly, moving from NOK 500 to NOK 490, as analysts adjust their valuation framework to reflect updated assumptions on discount rates, growth and margins following recent mixed research views on the stock. Analyst Commentary Recent research on Kongsberg Gruppen has been mixed, with both more cautious and more constructive views emerging over time.Narrative Update • Jun 02
KOG: Defence Contracts And Dividend Policy Will Support Future Upside Potential
The analyst price target for Kongsberg Gruppen has been adjusted slightly to NOK 371.11 from NOK 372.29. Analysts point to updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples as key drivers for the change.Narrative Update • May 17
KOG: Balanced Outlook As Mixed Ratings And Execution Risks Shape Fair Value
The analyst fair value estimate for Kongsberg Gruppen has shifted from NOK 290.00 to NOK 280.00, as analysts factor in updated assumptions on growth, margins, and a higher expected future P/E multiple informed by recent rating and price target moves on the stock. Analyst Commentary Recent research on Kongsberg Gruppen points to a mixed backdrop, with some bullish rating moves sitting alongside more cautious views on valuation and execution.Narrative Update • Apr 30
KOG: Defence Contracts And Dividend Policy Will Support Future Upside
Analysts have trimmed their price target on Kongsberg Gruppen to about NOK 372 from roughly NOK 418, citing more tempered revenue growth expectations, a slightly higher discount rate and a higher assumed future P/E multiple, partly echoed in recent downgrades, even as some targets such as NOK 360 remain in play. Analyst Commentary Recent research on Kongsberg Gruppen highlights a split between analysts who see room for further upside in the shares and those who are becoming more cautious on execution and valuation.Narrative Update • Apr 16
KOG: Fair Value View Balances Defence Contracts With Execution And Pricing Risks
Analysts have raised their fair value estimate for Kongsberg Gruppen to NOK 417.75, up from NOK 401.00, citing updated assumptions around revenue growth, profit margins, discount rates and future P/E levels in recent research. Analyst Commentary Recent Street research on Kongsberg Gruppen points to a split view, with some analysts focusing on upside potential and others calling out risks to execution and valuation.Narrative Update • Apr 02
KOG: Defence Wins And Dividend Returns Will Support Future Upside
Analysts have adjusted their view on Kongsberg Gruppen with a higher average price target of NOK 360, an increase of NOK 70 from NOK 290, citing updated assumptions on growth, profitability and a slightly lower forward P/E multiple. Analyst Commentary Recent research shows that bullish analysts are increasingly focused on Kongsberg Gruppen's execution and earnings profile, reflected in the updated price target of NOK 360.Narrative Update • Mar 19
KOG: Higher Fair Value And Defence Contract Wins Will Shape Future Returns
Analysts now see fair value for Kongsberg Gruppen at NOK 401.00, up from NOK 320.75, citing updated assumptions on revenue growth, profit margins, a lower future P/E multiple, and recent price target changes on the Street. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the higher fair value and recent price target set at NOK 360 still sit below the NOK 401 fair value estimate, which they see as leaving some room for execution upside if current assumptions on revenue and margins are met.Narrative Update • Mar 05
KOG: Defence Contracts Will Drive Future Upside Despite Recent Downgrade
Analysts have raised their fair value estimate for Kongsberg Gruppen from NOK 390.00 to NOK 500.00, citing updated assumptions regarding revenue growth, profit margins, and a lower expected future P/E multiple, even as one firm recently downgraded the stock. Analyst Commentary Even with a recent downgrade from one research house, the move to lift the fair value estimate to NOK 500.00 highlights how some bullish analysts still see meaningful upside potential in Kongsberg Gruppen based on their updated assumptions.Narrative Update • Feb 18
KOG: Downgrade And Thin Execution Cushion Will Pressure Future Upside
Analysts now set their fair value estimate for Kongsberg Gruppen at NOK 290, up from NOK 250, reflecting updated views on revenue growth, profit margins and a lower future P/E multiple following recent Street research, including the Kepler Cheuvreux downgrade. Analyst Commentary Bearish analysts are using the recent downgrade to flag that the current NOK 290 fair value estimate already bakes in a lot of optimism on revenue growth and margins, while also assuming a lower future P/E multiple.Analysis Article • Feb 10
Why Investors Shouldn't Be Surprised By Kongsberg Gruppen ASA's (OB:KOG) 27% Share Price Surge
Kongsberg Gruppen ASA ( OB:KOG ) shares have continued their recent momentum with a 27% gain in the last month alone...Narrative Update • Feb 04
KOG: Defence Contracts And Demerger Plan Will Drive Future Upside Potential
Analysts have lifted their price target on Kongsberg Gruppen from NOK 329 to NOK 390, citing updated assumptions that include adjusted revenue growth, profit margin, and future P/E expectations, along with a slightly different discount rate in their models. What's in the News Kongsberg Defence & Aerospace and Polska Grupa Zbrojeniowa signed a contract with the Polish Armaments Agency for the SAN CUAS programme, covering delivery of 18 Counter Unmanned Aerial Systems batteries worth about NOK 16b to Kongsberg Defence & Aerospace, including multiple weapon types, interceptor drones and integrated command and control systems (Client Announcements).Narrative Update • Jan 21
KOG: Post Selloff Rating Upgrades And Demerger Plan Will Shape Future Returns
Analysts have lifted their price target on Kongsberg Gruppen from NOK 289.14 to NOK 320.75, reflecting updated assumptions on growth, profitability and future P/E multiples, alongside a recent cluster of rating upgrades from SEB Equities, Nordea and Kepler Cheuvreux. Analyst Commentary Recent rating changes show a clear shift in how analysts are framing Kongsberg Gruppen, with several moving up their recommendations while setting price targets in a relatively tight NOK 252 to NOK 285 range compared with the updated NOK 320.75 target.Analysis Article • Jan 16
Do Kongsberg Gruppen's (OB:KOG) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Jan 06
KOG: Upgraded Ratings And Demerger Plan Will Reshape Future Return Profile
The analyst price target for Kongsberg Gruppen has been revised from NOK 420 to NOK 329, with analysts pointing to adjusted expectations for revenue growth, profit margins, and future P/E, alongside recent rating changes across the Street. Analyst Commentary Recent Street research on Kongsberg Gruppen reflects a mixed but generally improving stance, with several bullish analysts moving their ratings higher while setting a range of price targets in NOK 252 to NOK 285.Analysis Article • Dec 17
The Trend Of High Returns At Kongsberg Gruppen (OB:KOG) Has Us Very Interested
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Narrative Update • Dec 15
KOG: Post Selloff Rating Upgrades Will Drive Future Share Rebound
Analysts have trimmed their price target for Kongsberg Gruppen from approximately NOK 301 to NOK 289, reflecting slightly lower long term growth and margin assumptions, even as recent rating upgrades highlight improved sentiment following the post earnings share pullback. Analyst Commentary Analyst sentiment has shifted more positively following the recent share price pullback, with several rating upgrades signaling that valuation is now seen as more balanced relative to medium term growth prospects and execution risk.Analysis Article • Dec 02
Estimating The Intrinsic Value Of Kongsberg Gruppen ASA (OB:KOG)
Key Insights The projected fair value for Kongsberg Gruppen is kr199 based on 2 Stage Free Cash Flow to Equity With...Narrative Update • Dec 01
KOG: Recent Upgrades And Planned Demerger Will Unlock Further Share Momentum
Analysts have slightly adjusted their price target for Kongsberg Gruppen, now valuing shares at NOK 301.29. Recent upgrades from several firms reflect growing optimism following post-earnings share movement and improved sector sentiment.Narrative Update • Nov 17
KOG: Recent Upgrades And Demerger Moves Will Drive Renewed Upside Momentum
The analyst price target for Kongsberg Gruppen has been revised slightly lower, from NOK 302.71 to NOK 301.29. Analysts note recent rating upgrades as well as a mix of positive and cautious outlooks in response to the company's latest financial performance.Analysis Article • Nov 06
We Think Kongsberg Gruppen's (OB:KOG) Profit Is Only A Baseline For What They Can Achieve
Even though Kongsberg Gruppen ASA ( OB:KOG ) posted strong earnings, investors appeared to be underwhelmed. We did some...Analysis Article • Nov 03
Here's What Analysts Are Forecasting For Kongsberg Gruppen ASA (OB:KOG) Following Its Earnings Miss
Kongsberg Gruppen ASA ( OB:KOG ) missed earnings with its latest third-quarter results, disappointing overly-optimistic...Narrative Update • Nov 02
KOG: Planned Maritime Spin-Off Will Unlock New Global Upside
Analysts have revised their fair value estimate for Kongsberg Gruppen downward from NOK 325.17 to NOK 302.71. This change reflects lower revenue growth expectations and a higher discount rate, despite recent upgrades in analyst ratings driven by increased confidence in the company's profitability and relative valuation.Analysis Article • Sep 22
Subdued Growth No Barrier To Kongsberg Gruppen ASA's (OB:KOG) Price
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 12x, you may consider...Narrative Update • Sep 19
European Tensions Will Constrain Defense Orders And Lift Maritime Prospects
Analysts have become more cautious on Kongsberg Gruppen due to perceived downside risks to estimates, high valuation, and a mixed business outlook, leading to a modest cut in the consensus price target from NOK336.20 to NOK325.17. Analyst Commentary Bearish analysts highlight concerns over downside risks to consensus estimates, reflecting uncertainty in the forward outlook.Narrative Update • Sep 04
European Tensions Will Constrain Defense Orders And Lift Maritime Prospects
Analysts cite downside earnings risks, stretched valuation, a mixed outlook across business segments, and limited near-term catalysts, resulting in a maintained consensus price target of NOK336.20 for Kongsberg Gruppen. Analyst Commentary Analysts highlight downside risk to consensus estimates, suggesting earnings may not meet current market expectations.Analysis Article • Aug 24
Kongsberg Gruppen (OB:KOG) Could Easily Take On More Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Aug 08
Kongsberg Gruppen (OB:KOG) Is Investing Its Capital With Increasing Efficiency
OB:KOG 1 Year Share Price vs Fair Value Explore Kongsberg Gruppen's Fair Values from the Community and select yours...Analysis Article • Jul 24
Is Kongsberg Gruppen ASA (OB:KOG) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights Kongsberg Gruppen's estimated fair value is kr241 based on 2 Stage Free Cash Flow to Equity Kongsberg...Analysis Article • Jul 09
Do Kongsberg Gruppen's (OB:KOG) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Nov 08
Growing Defense And Maritime Innovation To Propel Revenue And Improve Margins
Expansion in missile production and maritime technology are expected to drive future revenue growth and improve margins through increased demand and capacity.Shareholder Returns
| KOG | NO Aerospace & Defense | NO Market | |
|---|---|---|---|
| 7D | -9.0% | -3.3% | -2.3% |
| 1Y | -26.6% | 2.9% | 9.9% |
Return vs Industry: KOG underperformed the Norwegian Aerospace & Defense industry which returned 2.9% over the past year.
Return vs Market: KOG underperformed the Norwegian Market which returned 9.9% over the past year.
Price Volatility
| KOG volatility | |
|---|---|
| KOG Average Weekly Movement | 6.6% |
| Aerospace & Defense Industry Average Movement | 6.9% |
| Market Average Movement | 5.2% |
| 10% most volatile stocks in NO Market | 10.9% |
| 10% least volatile stocks in NO Market | 2.9% |
Stable Share Price: KOG has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: KOG's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1814 | 7,586 | Geir Haoy | www.kongsberg.com |
Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the defense markets. It operates through Kongsberg Defence & Aerospace, Kongsberg Discovery, and Other segments. The Kongsberg Defence & Aerospace segment provides various systems and services to the defence industry.
Kongsberg Gruppen ASA Fundamentals Summary
| KOG fundamental statistics | |
|---|---|
| Market cap | NOK 244.87b |
| Earnings (TTM) | NOK 4.79b |
| Revenue (TTM) | NOK 33.47b |
51.2x
P/E Ratio7.3x
P/S RatioIs KOG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KOG income statement (TTM) | |
|---|---|
| Revenue | NOK 33.47b |
| Cost of Revenue | NOK 14.15b |
| Gross Profit | NOK 19.32b |
| Other Expenses | NOK 14.53b |
| Earnings | NOK 4.79b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 13, 2026
| Earnings per share (EPS) | 5.44 |
| Gross Margin | 57.73% |
| Net Profit Margin | 14.30% |
| Debt/Equity Ratio | 8.6% |
How did KOG perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield40%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 04:17 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Kongsberg Gruppen ASA is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Benjamin Heelan | BofA Global Research |
| Carlos Iranzo Peris | BofA Global Research |