Company Valuation: Appear ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 3,399 1,855 - -
Change - -45.42% - -
Enterprise Value (EV) 1 2,953 1,322 1,216 1,084
Change - -55.23% -8.02% -10.89%
P/E 24.5x 13.7x 9.85x 7.17x
PBR 5.33x 2.53x 2.01x 1.57x
PEG - -7.76x 0.3x 0.2x
Capitalization / Revenue 4.24x 2.14x 1.59x 1.29x
EV / Revenue 3.69x 1.52x 1.04x 0.76x
EV / EBITDA 15.6x 6.33x 4.22x 2.76x
EV / EBIT 17.3x 7.58x 5.06x 3.29x
EV / FCF 21.2x 17x 11.5x 9.26x
FCF Yield 4.72% 5.9% 8.72% 10.8%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 3.4 3.34 4.64 6.375
Distribution rate - - - -
Net sales 1 800.9 868 1,168 1,434
EBITDA 1 189.1 209 288 393
EBIT 1 170.7 174.5 240.5 329
Net income 1 129.2 132.5 186 255
Net Debt 1 -445.6 -533 -639 -771.5
Reference price 2 83.32 45.70 45.70 45.70
Nbr of stocks (in thousands) 40,793 40,596 - -
Announcement Date 2/12/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.68x1.52x6.33x - 197M
26.57x8x-35.37x - 5.27B
17.59x0.82x13.67x3.79% 3.7B
19.24x2.27x11.2x5.04% 898M
9.12x1.29x4.98x4.2% 445M
49.88x - - - 145M
-16.48x - - - 78.79M
Average 17.08x 2.78x 0.16x 4.34% 1.53B
Weighted average by Cap. 21.90x 4.58x -11.64x 4.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. APR Stock
  4. Valuation Appear ASA