Aker BP ASA

OB:AKRBP Stock Report

Market Cap: NOK 157.9b

Aker BP Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair 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 AKRBP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AKRBP (NOK247.5) is trading below our estimate of fair value (NOK326.82)

Significantly Below Fair Value: AKRBP is trading below fair 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 profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AKRBP. This is calculated by dividing AKRBP's market cap by their current earnings.
What is AKRBP's PE Ratio?
PE Ratio18.4x
EarningsUS$839.40m
Market CapUS$15.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKRBP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.1x
VAR Vår Energi
13.6x2.38%NOK 80.2b
BWE BW Energy
5.3x35.22%NOK 10.0b
PEN Panoro Energy
7.1x16.35%NOK 2.3b
PNOR PetroNor E&P
10.5xn/aNOK 1.5b
AKRBP Aker BP
18.4x20.28%NOK 157.9b

Price-To-Earnings vs Peers: AKRBP is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

How does AKRBP's PE Ratio compare vs other companies in the European Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AKRBP 18.4xIndustry Avg. 11.7xNo. of Companies11PE0612182430+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKRBP is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the European Oil and Gas industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is AKRBP'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.

AKRBP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: AKRBP is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).

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 AKRBP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 247.50
NOK 263.65
+6.52%
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 261.41
-0.57%
11.86%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 220.00n/a19
Mar ’26NOK 232.50
NOK 274.74
+18.17%
13.90%NOK 350.00NOK 220.00n/a19
Feb ’26NOK 236.70
NOK 279.21
+17.96%
13.40%NOK 360.00NOK 210.00n/a19
Jan ’26NOK 221.70
NOK 280.11
+26.34%
13.98%NOK 370.00NOK 220.00n/a19
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
Mar ’25NOK 262.40
NOK 320.74
+22.23%
14.05%NOK 415.00NOK 230.00NOK 232.5019
Feb ’25NOK 281.00
NOK 340.63
+21.22%
11.45%NOK 415.00NOK 275.00NOK 236.7019
Jan ’25NOK 295.50
NOK 352.50
+19.29%
10.98%NOK 420.00NOK 275.00NOK 221.7018
Dec ’24NOK 307.40
NOK 352.50
+14.67%
10.98%NOK 420.00NOK 275.00NOK 226.4018
NOK 263.65
Fair Value
6.1% undervalued intrinsic discount
17
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 Analysis2025/12/15 17:55
End of Day Share Price 2025/12/15 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 35 analysts. 16 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
Lydia RainforthBarclays
Naisheng CuiBarclays