Protector Forsikring PROT.OL
NorwayFinancial Services · Insurance - Property & CasualtyEuronext Oslo Børs · NOK
570.00 NOK (+40.0%)
4 analysts
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Protector Forsikring is a Norwegian insurer specializing in property & casualty insurance for individuals and businesses, operating primarily in the Nordic countries.
Listed on Euronext Oslo Børs · Symbol PROT.OL · OB: PROT · Currency NOK
Key points
from its scores- ✓Very solid balance sheet8.6
- ✓Favourable backdrop8.6
- ✓High-quality business7.4
- ✕Demanding valuation4.0
- ✕Poor share-price trend4.0
AI analysis
bottom line, main risk, context and newsFundamentals are solid and valuation is reasonable, although negative momentum suggests waiting for a better entry point.
Protector Forsikring shows excellent financial health (ROE of 30.56%) and solid business quality (operating margin of 27.76%), with a reasonable valuation (P/E 16.35) and an attractive dividend (4.42% net). Growth is moderate (4.80% in revenue) and momentum is weak, but the fundamentals are solid.
The main risk is intense competition in the Nordic property & casualty insurance market, which could pressure margins and premiums, along with dependence on local regulation (Finanstilsynet) that could affect pricing practices.
Context and risks
Protector Forsikring operates in Norway, a market with solid institutions and minority shareholder protection, but the insurance sector is subject to active regulatory oversight (Finanstilsynet) that can influence pricing and reserving practices. Governance risk is moderate, reflecting the country's institutional quality.
Is Protector Forsikring stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 95% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 16.3 | 13.7 | +19% |
| EV / EBITDA | 3.1 | 10.1 | −69% |
| Price / book | 5.0 | 1.9 | +170% |
| Price / sales | 2.3 | 3.5 | −33% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.0 out of 10 (median for Financial Services: 5.2).
Average analyst target: 570.00 NOK, +40.0% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.4 (sector 8.8), Growth 5.3 (sector 6.9).
Classic formulas with standard assumptions (10.0% 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 Financial Services medianValuation
- P/E
- 16.3
- Forward P/E
- 14.1
- EV / EBITDA
- 3.1
- Price / book
- 5.0
- Price / sales
- 2.3
- PEG
- 0.36
- Market cap
- 33.5B NOK
- Enterprise value
- 9.9B NOK
Profitability
- ROE
- 30.6%
- ROA
- 6.5%
- ROIC (approx.)
- 44.5%
- Gross margin
- 32.8%
- Operating margin
- 27.8%
- Net margin
- 14.5%
- Free cash flow
- 1.8B NOK
- FCF yield
- 5.3%
- Cash conversion
- 57%
Solvency
- Total debt
- 2.3B NOK
- Net debt
- −23.7B NOK
- Cash
- 26.1B NOK
- EBITDA
- 3.1B NOK
- Net debt / EBITDA
- −7.55
- Debt / equity
- 31.59
- Current ratio
- 1.55
- Quick ratio
- 1.45
Growth
- Revenue growth
- +4.8%
- Earnings growth
- +3.4%
- EPS (TTM)
- 24.90 NOK
- EPS (forward)
- 28.91 NOK
Dividend
- Dividend yield
- 4.9%
- Payout
- 76.3%
Risk and market
- Beta
- 0.37
- Analyst consensus
- Strong buy (4)
- Target price
- 570.00 NOK
- 52-week range
- 400.20 – 559.00
Recent news
All PROT.OL news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Protector Forsikring
Is Protector Forsikring stock cheap or expensive?
On P/E and Price / book, it trades 95% above the Financial Services median on average. Valuation score: 4.0 out of 10 (median for Financial Services: 5.2). Average analyst target: 570.00 NOK, +40.0% versus the price. This is not investment advice.
What score does Protector Forsikring get on MeridIAn Screener?
It scores 6.8 out of 10, rank 344 of 2,130 (better than 83% of the companies analysed). Its strongest category is Financial health (8.6) and its weakest, Valuation (4.0). Analysis of 08/10/2026.
What is Protector Forsikring's P/E ratio?
Its P/E is 16.3: the share price equals 16.3 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 14.1.
How much is Protector Forsikring worth on the stock market?
Its market capitalisation is 33.5B NOK.
Does Protector Forsikring pay a dividend?
Yes: its dividend yield is 4.91% and it pays out 76% of its earnings.
How has Protector Forsikring stock performed over the last year?
It has fallen 13.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 400.20 and 559.00 NOK. Past performance does not guarantee future results.
What do analysts think of Protector Forsikring?
4 analysts cover it; their average recommendation is “Strong buy” and their average target is 570.00 NOK (+40.0% versus the price). It is an estimate, not market data.