Aker AKER.OL
NorwayIndustrials · ConglomeratesEuronext Oslo Børs · NOK
1,698.00 NOK (+19.7%)
5 analysts
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Aker ASA is a Norwegian industrial conglomerate that acts as a holding company for stakes in energy, renewables, marine technology, and other industrial sectors.
Listed on Euronext Oslo Børs · Symbol AKER.OL · OB: AKER · Currency NOK
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth9.2
- ✓Favourable backdrop8.7
AI analysis
bottom line, main risk, context and newsHold, given that the market already discounts a sharp fall in earnings and the risk of a reversal in the energy cycle is high.
Aker presents exceptional fundamentals driven by the energy upcycle, with an ROE of 45.13% and an operating margin of 81.82%, but the forward P/E of 54.02 and revenue growth of 360.5% warn that these levels are not sustainable and the current valuation may be a value trap.
The main risk is the high dependence on the energy cycle through its holdings (such as Aker BP), whose normalization of margins and earnings could lead to a significant decline in the holding's valuation.
Context and risks
Aker is a Norwegian industrial conglomerate with exposure through its holdings to sectors such as energy (Aker BP) and renewables. Its domicile in Norway presents moderate governance risk, although minority shareholder protection is strong. The main contextual risk is the potential reversal of exceptional margins in the energy sector if the Ormuz blockade is resolved, which would affect the valuation of its holdings.
Is Aker stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 74% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 3.7 | 25.4 | −85% |
| EV / EBITDA | 5.3 | 14.5 | −64% |
| Price / book | 1.6 | 4.1 | −62% |
| Price / sales | 2.6 | 2.1 | +26% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 1,698.00 NOK, +19.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.8 (sector 6.4), Growth 9.2 (sector 6.6).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 3.7
- Forward P/E
- 54.0
- EV / EBITDA
- 5.3
- Price / book
- 1.6
- Price / sales
- 2.6
- PEG
- 1.88
- Market cap
- 104.5B NOK
- Enterprise value
- 152.3B NOK
Profitability
- ROE
- 45.1%
- ROA
- 15.9%
- ROIC (approx.)
- 29.2%
- Gross margin
- 90.3%
- Operating margin
- 81.8%
- Net margin
- 69.3%
- Free cash flow
- 12.1B NOK
- FCF yield
- 11.6%
- Cash conversion
- 42%
Solvency
- Total debt
- 45.8B NOK
- Net debt
- 42.7B NOK
- Cash
- 3.1B NOK
- EBITDA
- 28.9B NOK
- Net debt / EBITDA
- 1.47
- Debt / equity
- 63.64
- Current ratio
- 1.73
- Quick ratio
- 0.40
Growth
- Revenue growth
- +360.5%
- EPS (TTM)
- 378.91 NOK
- EPS (forward)
- 26.25 NOK
Dividend
- Dividend yield
- 4.1%
- Payout
- 14.6%
Risk and market
- Beta
- 0.36
- Analyst consensus
- Buy (5)
- Target price
- 1,698.00 NOK
- 52-week range
- 708.00 – 1,638.00
Recent news
All AKER.OL news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Aker
Is Aker stock cheap or expensive?
On P/E and EV / EBITDA, it trades 74% below the Industrials median on average. Valuation score: 7.0 out of 10 (median for Industrials: 5.0). Average analyst target: 1,698.00 NOK, +19.7% versus the price. This is not investment advice.
What score does Aker get on MeridIAn Screener?
It scores 8.1 out of 10, rank 4 of 2,130 (better than 100% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (6.5). Analysis of 08/10/2026.
What is Aker's P/E ratio?
Its P/E is 3.7: the share price equals 3.7 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 54.0.
How much is Aker worth on the stock market?
Its market capitalisation is 104.5B NOK and its enterprise value, debt included, is 152.3B NOK.
How much debt does Aker have?
Its net debt (debt minus cash) is 42.7B NOK. That is 1.47 times its EBITDA; the Industrials median is 1.58.
Does Aker pay a dividend?
Yes: its dividend yield is 4.09% and it pays out 15% of its earnings.
How has Aker stock performed over the last year?
It has risen 104.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 708.00 and 1,638.00 NOK. Past performance does not guarantee future results.
What do analysts think of Aker?
5 analysts cover it; their average recommendation is “Buy” and their average target is 1,698.00 NOK (+19.7% versus the price). It is an estimate, not market data.