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Gjensidige Forsikring GJF.OL

Norway Financial Services
6.4/10
AI Analyst score
259.40 NOK
Last price at analysis date · analyst target 291.97 (+12.6%)
-4.6% (1 year)
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🛒 Where to buy GJF.OLPartner brokers · Norway · sample 200.00 € orderNorway
XTBXTB1.00 €affiliate
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🟡 HOLD — Hold; quality and dividend offset the demanding valuation and lack of growth.

Gjensidige Forsikring is a leading Norwegian property and casualty (P&C) insurer, offering insurance products for individuals and businesses, with a business model based on premium underwriting and risk management. Gjensidige shows solid financial health (7.69) and good quality (7.11), but its valuation is demanding (2.75) and earnings growth is negative (-7.70%), limiting the stock's appeal.

Financial health
7.7
Quality / Moat
7.1
Valuation
2.8
Growth
4.4
Dividend
6.5
Momentum
5.0
Risk & Context
9.4

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E20.28
Fwd P/E15.06
EV/EBITDA5.95
P/B6.05
P/S2.73
PEG1.62
Market cap129.69 B NOK
Enterprise value57.31 B NOK
🏰 Quality and moat
ROIC (approx.)43.4%
Gross margin37.33%
FCF conversion56%
Operating margin24.42%
📈 Profitability and margins
ROE27.25%
ROA3.04%
Net margin14.23%
FCF5.43 B NOK
FCF yield4.19%
🏦 Solvency and liquidity
Total debt5.35 B NOK
Net debt-71.60 B NOK
Cash76.96 B NOK
EBITDA9.64 B NOK
Net debt / EBITDA-7.43
D/E22.96
Current ratio42.55
Quick ratio41.45
🚀 Growth
Revenue growth6.00%
Earnings growth-7.70%
EPS (TTM)12.79 NOK
EPS (Fwd)17.23 NOK
💰 Dividend and risk
Dividend yield3.86%
Payout78.2%
Beta0.20
Analyst consensusBuy (16)
Target price291.97 NOK
52-week range241.40 NOK – 303.00 NOK
⚠️ Main risk: The main risk is margin compression in the P&C business due to competition and claims inflation, which could impact future profitability.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Gjensidige Forsikring is a leading Norwegian property and casualty (P&C) insurer, offering insurance products for individuals and businesses, with a business model based on premium underwriting and risk management. Gjensidige shows solid financial health (7.69) and good quality (7.11), but its valuation is demanding (2.75) and earnings growth is negative (-7.70%), limiting the stock's appeal.

Score by category

CategoryScore
Financial health7.7
Quality / Moat7.1
Valuation2.8
Growth4.4
Dividend6.5
Momentum5.0
Risk & Context9.4

OVERALL SCORE: 6.4/10

Context and risks

The macro context of rising rates in Europe is relevant for the insurance sector, but there is no company-specific data (bond portfolio duration, rate sensitivity) to quantify a material impact. Geopolitical exposure is limited given its Nordic focus.

News considered in the analysis

  • Gjensidige Forsikring ASA (GJNSY) Q2 2026 Earnings Call Highlights: Strong Profit Amid Challenges — Resultados del Q2 ya publicados y cubiertos; el mercado ya ha asimilado la información.
  • 3 European Stocks That Investors Might Be Undervaluing — Listículo genérico sin información específica sobre la empresa.
  • Gjensidige Forsikring ASA (GJNSY) Q1 2026 Earnings Call Highlights: Strong Profit Growth Amidst ... — Resultados del Q1 ya publicados y cubiertos; el mercado ya ha asimilado la información.

Verdict: Hold; quality and dividend offset the demanding valuation and lack of growth.

Main risk: The main risk is margin compression in the P&C business due to competition and claims inflation, which could impact future profitability.

Other Financial Services companies

Neighbours in the sector ranking, to compare without going back to the index.

AonAON6.4Erste Group BankEBS.VI6.4EuronextENX.PA6.4Fairfax Financial HoldingsFFH.TO6.4Société GénéraleGLE.PA6.4MediobancaMB.MI6.4Toronto Dominion BankTD6.4Intact FinancialIFC.TO6.3

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.