Kongsberg Gruppen ASA

OB:KOG Stock Report

Market Cap: NOK 244.9b

Kongsberg Gruppen Valuation

Is KOG 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 Future Cash Flow Value

What is the Fair Price of KOG 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: KOG (NOK278.4) is trading below our estimate of future cash flow value (NOK550.85)

Significantly Below Future Cash Flow Value: KOG 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 KOG?

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

The above table shows the Price to Earnings ratio for KOG. This is calculated by dividing KOG's market cap by their current earnings.
What is KOG's PE Ratio?
PE Ratio51.2x
EarningsNOK 4.79b
Market CapNOK 244.87b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
AKER Aker
20.6x-6.80%NOK 83.8b
KMAR Kongsberg Maritime
17.6x12.97%NOK 45.1b
AUTO AutoStore Holdings
32.4x19.67%NOK 40.2b
AM Dassault Aviation société anonyme
22.8x14.56%€22.3b
KOG Kongsberg Gruppen
51.2x23.74%NOK 244.9b

Price-To-Earnings vs Peers: KOG is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the peer average (23.3x).

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 KOG's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KOG 51.2xIndustry Avg. 29.6xNo. of Companies15PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KOG is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the European Aerospace & Defense industry average (29.6x).

Price to Earnings Ratio vs Fair Ratio

What is KOG'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.

KOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.2x
Fair PE Ratio44.2x

Price-To-Earnings vs Fair Ratio: KOG is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the estimated Fair Price-To-Earnings Ratio (44.2x).

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 KOG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 278.40
NOK 375.56
+34.90%
18.78%NOK 490.00NOK 280.00n/a9
Jun ’27NOK 322.90
NOK 371.11
+14.93%
17.75%NOK 490.00NOK 280.00n/a9
May ’27NOK 310.00
NOK 372.29
+20.09%
15.43%NOK 425.00NOK 280.00n/a7
Apr ’27NOK 418.85
NOK 417.75
-0.26%
14.37%NOK 500.00NOK 337.00n/a8
Mar ’27NOK 385.80
NOK 392.25
+1.67%
16.98%NOK 500.00NOK 290.00n/a8
Feb ’27NOK 330.55
NOK 324.50
-1.83%
12.31%NOK 390.00NOK 252.00n/a8
Jan ’27NOK 258.60
NOK 289.14
+11.81%
9.37%NOK 329.00NOK 250.00n/a7
Dec ’26NOK 237.20
NOK 301.29
+27.02%
13.79%NOK 375.00NOK 250.00n/a7
Nov ’26NOK 259.05
NOK 302.71
+16.86%
13.30%NOK 375.00NOK 250.00n/a7
Oct ’26NOK 321.25
NOK 325.17
+1.22%
19.91%NOK 420.00NOK 250.00n/a6
Sep ’26NOK 308.20
NOK 336.20
+9.09%
19.50%NOK 420.00NOK 250.00n/a5
Aug ’26NOK 304.85
NOK 336.20
+10.28%
19.50%NOK 420.00NOK 250.00n/a5
Jul ’26NOK 375.50
NOK 342.20
-8.87%
20.42%NOK 440.00NOK 250.00n/a5
Jun ’26NOK 359.60
NOK 293.90
-18.27%
12.87%NOK 360.00NOK 250.00NOK 322.906
May ’26NOK 333.60
NOK 267.80
-19.72%
7.35%NOK 300.00NOK 250.00NOK 310.006
Apr ’26NOK 313.00
NOK 262.80
-16.04%
6.49%NOK 300.00NOK 250.00NOK 418.856
Mar ’26NOK 273.00
NOK 261.31
-4.28%
7.72%NOK 300.00NOK 230.00NOK 385.807
Feb ’26NOK 269.20
NOK 256.46
-4.73%
9.51%NOK 300.00NOK 212.00NOK 330.557
Jan ’26NOK 256.00
NOK 239.89
-6.29%
16.47%NOK 300.00NOK 170.00NOK 258.607
Dec ’25NOK 259.80
NOK 232.63
-10.46%
20.53%NOK 300.00NOK 161.20NOK 237.207
Nov ’25NOK 230.40
NOK 229.00
-0.61%
20.06%NOK 300.00NOK 161.20NOK 259.057
Oct ’25NOK 212.80
NOK 215.69
+1.36%
21.01%NOK 300.00NOK 154.00NOK 321.257
Sep ’25NOK 224.40
NOK 212.54
-5.28%
23.53%NOK 300.00NOK 132.00NOK 308.207
Aug ’25NOK 216.80
NOK 212.54
-1.96%
23.53%NOK 300.00NOK 132.00NOK 304.857
Jul ’25NOK 180.30
NOK 189.97
+5.36%
26.81%NOK 300.00NOK 120.00NOK 375.507
Jun ’25NOK 180.30
NOK 160.23
-11.13%
12.33%NOK 175.00NOK 114.00NOK 359.607
NOK 375.56
Fair Value
25.9% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/28 04:17
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
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

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.

AnalystInstitution
null nullABG Sundal Collier
Benjamin HeelanBofA Global Research
Carlos Iranzo PerisBofA Global Research