Orkla ASA

OB:ORK Stock Report

Market Cap: NOK 106.8b

Orkla Valuation

Is ORK 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 ORK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NOK 123.12
Fair Value
13.7% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: ORK (NOK106.3) is trading below our estimate of fair value (NOK123.12)

Significantly Below Fair Value: ORK is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ORK. This is calculated by dividing ORK's market cap by their current earnings.
What is ORK's PE Ratio?
PE Ratio16.8x
EarningsNOK 6.34b
Market CapNOK 106.83b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ORK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.8x
MOWI Mowi
25x35.88%NOK 116.0b
SALM SalMar
67.2x67.27%NOK 77.3b
LSG Lerøy Seafood Group
20.8x45.30%NOK 27.0b
BAKKA P/F Bakkafrost
42.3x70.86%NOK 27.5b
ORK Orkla
16.5x-6.09%NOK 106.0b

Price-To-Earnings vs Peers: ORK is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (38.8x).

Price to Earnings Ratio vs Industry

How does ORK's PE Ratio compare vs other companies in the European Food Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ORK 16.8xIndustry Avg. 15.0xNo. of Companies24PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ORK is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the European Food industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is ORK'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.

ORK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.8x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: ORK is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

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 ORK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 106.30
NOK 108.00
+1.60%
11.77%NOK 130.00NOK 92.00n/a5
Nov ’26NOK 102.70
NOK 107.60
+4.77%
12.07%NOK 130.00NOK 92.00n/a5
Oct ’26NOK 105.00
NOK 108.20
+3.05%
11.64%NOK 130.00NOK 92.00n/a5
Sep ’26NOK 112.30
NOK 108.20
-3.65%
11.64%NOK 130.00NOK 92.00n/a5
Aug ’26NOK 108.30
NOK 108.20
-0.092%
11.64%NOK 130.00NOK 92.00n/a5
Jul ’26NOK 108.90
NOK 108.00
-0.83%
11.77%NOK 130.00NOK 92.00n/a5
Jun ’26NOK 115.60
NOK 108.67
-6.00%
7.20%NOK 115.00NOK 92.00n/a6
May ’26NOK 115.60
NOK 109.83
-4.99%
8.05%NOK 120.00NOK 92.00n/a6
Apr ’26NOK 115.40
NOK 109.83
-4.82%
8.05%NOK 120.00NOK 92.00n/a6
Mar ’26NOK 108.70
NOK 107.33
-1.26%
8.52%NOK 120.00NOK 92.00n/a6
Feb ’26NOK 105.30
NOK 104.50
-0.76%
7.71%NOK 115.00NOK 92.00n/a6
Jan ’26NOK 98.35
NOK 99.50
+1.17%
9.79%NOK 115.00NOK 84.00n/a6
Dec ’25NOK 101.90
NOK 99.50
-2.36%
9.79%NOK 115.00NOK 84.00n/a6
Nov ’25NOK 102.20
NOK 93.67
-8.35%
13.82%NOK 115.00NOK 76.00NOK 102.706
Oct ’25NOK 98.80
NOK 91.00
-7.89%
10.59%NOK 105.00NOK 76.00NOK 105.007
Sep ’25NOK 94.20
NOK 89.57
-4.91%
9.95%NOK 105.00NOK 76.00NOK 112.307
Aug ’25NOK 91.20
NOK 89.57
-1.79%
9.95%NOK 105.00NOK 76.00NOK 108.307
Jul ’25NOK 85.40
NOK 86.43
+1.20%
8.85%NOK 100.00NOK 75.00NOK 108.907
Jun ’25NOK 83.55
NOK 83.43
-0.15%
6.62%NOK 92.00NOK 75.00NOK 115.607
May ’25NOK 75.80
NOK 81.71
+7.80%
7.33%NOK 90.00NOK 74.00NOK 115.607
Apr ’25NOK 76.54
NOK 82.71
+8.07%
10.81%NOK 100.00NOK 72.00NOK 115.407
Mar ’25NOK 76.06
NOK 82.71
+8.75%
10.81%NOK 100.00NOK 72.00NOK 108.707
Feb ’25NOK 82.20
NOK 86.57
+5.32%
15.29%NOK 107.00NOK 72.00NOK 105.307
Jan ’25NOK 78.84
NOK 86.43
+9.63%
15.15%NOK 107.00NOK 72.00NOK 98.357
Dec ’24NOK 80.32
NOK 88.00
+9.56%
13.78%NOK 107.00NOK 72.00NOK 101.907
Nov ’24NOK 77.48
NOK 87.86
+13.39%
15.44%NOK 107.00NOK 72.00NOK 102.207
NOK 108
Fair Value
1.6% undervalued intrinsic discount
5
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 Analysis2025/11/17 16:20
End of Day Share Price 2025/11/14 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

Orkla ASA is covered by 17 analysts. 5 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
Patrick FolanBarclays
Namita SamtaniBofA Global Research