Lerøy Seafood Group ASA (LSG) Fair Value & Analysis
Consumer Defensive · NO · Market cap 24.3B NOK (≈ $2.6B) · ISIN NO0003096208
What is Lerøy Seafood Group ASA really worth?
A solid business, but trading 237% above our fair value of kr 12.91.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Share price +6.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 16.13). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range kr 31.37 – kr 69.86 · fair‑value band kr 9.68 – kr 16.13 · the kr 43.48 price screens above the kr 12.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Lerøy Seafood Group ASA (LSG) currently trades at kr 43.48, while our model-based Fair Value estimate is kr 12.91, implying the stock looks roughly 236.8% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of kr 40.77 per share, and 7 of the 26 models we run sit above the kr 43.48 price. Bear case: the Economic Profit group reads lowest at kr 5.80, and 19 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Lerøy Seafood Group ASA generated revenue of 34.5B NOK at a net margin of 3.0%. Revenue grew 1.7% year over year. It earns a return on equity of 5.3%. Net debt stands at 6.9B NOK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 9.68 (bear case) to kr 16.13 (bull case); at kr 43.48, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 12% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −27% fair-value upside, at −70%, LSG screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (kr 40.77) versus Economic Profit (kr 5.80). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Lerøy Seafood Group ASA produces, processes, markets, sells, and distributes seafood products. The company operates in three segments: Wildcatch; Farming; and Value-Added Processing, Sales, and Distribution. It offers salmon and trout, whole fish, fillets, portions, smoked, graved, block, cured, ready-to-eat, and ready-to-cook products.
Full company description
Lerøy Seafood Group ASA produces, processes, markets, sells, and distributes seafood products. The company operates in three segments: Wildcatch; Farming; and Value-Added Processing, Sales, and Distribution. It offers salmon and trout, whole fish, fillets, portions, smoked, graved, block, cured, ready-to-eat, and ready-to-cook products. The company also catches and processes various whitefish, including fresh and frozen options, as well as products comprising shrimp, crab, and mussels. In addition, it provides seaweed products and value-added products, such as breaded fish, burgers, patties, and other ready-to-cook or ready-to-eat seafood products; and crustaceans and molluscs, seaweed, and fresh and frozen consequence products for industrial processing. The company markets its products primarily under the Norway Seafoods, Arctic Supreme, Fjord Trout, Aurora Salmon, Fossen, Sea Eagle, Lerøy, and M"r brands to supermarkets, restaurants, canteens, hotels, wholesalers, retailers, food service companies, and industrial customers. It operates in the European Union, Norway, Asia, rest of Europe, the United States, Canada, and internationally. The company was founded in 1899 and is headquartered in Bergen, Norway. Lerøy Seafood Group ASA operates as a subsidiary of Austevoll Seafood ASA.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lerøy Seafood Group ASA reported revenue of 34.4B NOK in FY2025 versus 23.1B NOK in FY2021, a compound +10.5%/yr. Reported net income was 366M NOK in FY2025, compounding −38.9%/yr from FY2021.
of which total revenue +10.2 % · buybacks/dilution −1.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
LSG screens 237% overvalued. Compare with Nestlé S.A →
Peer Group
Packaged Foods · 648 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Packaged Foods median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé S.A NESN | CHF 78.62 | CHF 57.26 | −27% |
| Danone S.A BN | €64.28 | €48.41 | −25% |
| Nestlé India Limited NESTLEIND | ₹1,478 | ₹251.94 | −83% |
| The Kraft Heinz Company KHC | $25.13 | $24.59 | −2% |
| Foshan Haitian Flavouring and Food Company 603288 | ¥35.05 | ¥21.93 | −37% |
| Inner Mongolia Yili Industrial Group 600887 | ¥25.51 | ¥32.50 | +27% |
| Yihai Kerry Arawana Holdings 300999 | ¥25.28 | ¥9.89 | −61% |
| General Mills, Inc GIS | $40.44 | $28.32 | −30% |
| Wilmar International Limited F34 | 3.64 SGD | 3.89 SGD | +7% |
| Britannia Industries Limited BRITANNIA | ₹5,511 | ₹1,765 | −68% |
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