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Lumi Gruppen AS (LUMI) Fair Value & Analysis

Consumer Defensive · NO · Market cap 1.1B NOK (≈ $117M) · ISIN NO0010927288

What is Lumi Gruppen AS really worth?

LG Lumi Gruppen AS LUMI · OL
Pricekr 18.90
Fair Valuekr 10.93
Upside−42.2%
Quality53/100

A solid business, but trading 73% above our fair value of kr 10.93.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −0.5 %/yr)
!Thin margins · 5.7% net margin
!Mixed vs. peers (6/13)
!Moderate moat 45/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 23 out of 100
Evidence: Medium Range kr 8.14 – kr 13.67

Fair value as of: Aug 19, 2026

From 23 valuation models · updated 16 days ago

Share price +5.0% 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 13.67). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

kr 67.23 kr 6.95 Fair Value kr 10.93 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range kr 6.95 – kr 67.23 · fair‑value band kr 8.14 – kr 13.67 · the kr 18.90 price screens above the kr 10.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Lumi Gruppen AS (LUMI) currently trades at kr 18.90, while our model-based Fair Value estimate is kr 10.93, implying the stock looks roughly 72.9% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive sector. Bull case: the Multiples group reads highest at a median of kr 10.93 per share, and 3 of the 23 models we run sit above the kr 18.90 price. Bear case: the Asset-Based group reads lowest at kr 6.03, and 20 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Lumi Gruppen AS generated revenue of 507M NOK at a net margin of 5.7%. Revenue grew 13.8% year over year. It earns a return on equity of 5.7%. Net debt stands at 180M NOK. Fundamentals as of Aug 19, 2026

Our scenario range runs from kr 8.14 (bear case) to kr 13.67 (bull case); at kr 18.90, 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 share trades about 16% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 8% fair-value upside, at −42%, LUMI screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.3384 per share, which is 3.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence kr 7.53 kr 9.84 kr 12.66 82
Growth DCF kr 7.66 kr 9.77 kr 12.24 80
Owner Earnings kr 9.75 kr 12.80 kr 16.54 78
All 23 models by family
DCF Models
FCF DCF best evidence kr 7.53 kr 9.84 kr 12.66 82
Owner Earnings kr 9.75 kr 12.80 kr 16.54 78
5Y Revenue Exit kr 7.52 kr 10.80 kr 14.80 73
5Y EBITDA Exit kr 12.94 kr 20.37 kr 28.64 75
5Y P/E Exit kr 7.70 kr 11.11 kr 14.46 71
10Y Revenue Exit kr 7.29 kr 10.03 kr 13.34 67
10Y EBITDA Exit kr 10.55 kr 15.91 kr 22.49 68
10Y P/E Exit kr 7.56 kr 10.21 kr 13.12 65
Earnings-Based
Graham-Dodd kr 3.38 kr 7.60 kr 9.72 65
PEG = 1.0 kr 1.24 kr 1.77 kr 2.31 57
EPV kr 9.56 kr 10.77 kr 11.78 74
Multiples
P/E Multiple kr 8.20 kr 10.93 kr 13.67 63
P/S Multiple kr 6.34 kr 8.45 kr 10.56 58
P/B Multiple kr 6.34 kr 8.45 kr 10.56 55
EV/EBIT kr 17.33 kr 22.89 kr 28.44 66
EV/EBITDA kr 19.21 kr 25.39 kr 31.57 67
EV/Revenue kr 8.01 kr 11.15 kr 14.30 54
Asset-Based
NCAV (Graham) kr 4.50 kr 6.03 kr 9.00 54
Growth DCF
Growth DCF kr 7.66 kr 9.77 kr 12.24 80
Rev-Margin DCF kr 7.52 kr 10.90 kr 14.50 73
Economic Profit
Residual Income kr 6.58 kr 6.56 kr 5.99 76
ROIC Compounder kr 9.62 kr 11.17 kr 12.77 72
Growth Earnings
Growth-Adj P/E kr 6.11 kr 8.73 kr 11.35 67

Widest divergence: Multiples (kr 10.93) versus Asset-Based (kr 6.03). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/E ratio 37.8
P/S ratio 2.15 P/E × margin
EPS (TTM) kr 0.5000 price ÷ EPS = P/E 37.8
Net margin 5.7% FY2025
Return on equity 5.7% TTM
Return on assets (EBIT) 0.8% avg 5y
More key figures
Profitability
Operating margin 16.1% TTM
Growth
Revenue (TTM) 507M NOK TTM
Revenue growth (YoY) +13.8% 3y avg −0.4%
EPS growth (YoY) +98.4%
Balance sheet & cash flow
Free cash flow 45.2M NOK FY2025
Net debt 180M NOK FY2025 · ≈ 4.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 57

Profitability 30
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 32
Buybacks instead of dilution

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

Lumi Gruppen AS operates as an education provider in Norway. The company operates through three segments: Oslo Nye Høyskole, Oslo Nye Fagskole, and Sonans.

Full company description

Lumi Gruppen AS operates as an education provider in Norway. The company operates through three segments: Oslo Nye Høyskole, Oslo Nye Fagskole, and Sonans. The company provides bachelor programmes, annual programmes, master's programmes, and single-subject courses in psychology, health, social sciences, and business and administration, as well as practical and online programmes in technology, design, and digital innovation services. The company also operates private candidate schools; facilitates the transfer of students to partner universities abroad; and offers tutoring and academic support in STEM subjects. In addition, it offers courses on campus, as well as online. Lumi Gruppen AS was founded in 1989 and is headquartered in Oslo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lumi Gruppen AS reported revenue of 505M NOK in FY2025 versus 530M NOK in FY2021, a compound −1.2%/yr. Reported net income was 28.7M NOK in FY2025, compounding −16.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
505M NOK
Latest YoY
+12.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.5%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−17.8% (−17.8 + 0.0)
Revenue −1.2%/yr
FY21 530M NOK
FY22 512M NOK
FY23 421M NOK
FY24 449M NOK
FY25 505M NOK
Net income −16.5%/yr
FY21 59.1M NOK
FY22 40.7M NOK
FY23 −276M NOK
FY24 14.0M NOK
FY25 28.7M NOK

LUMI screens 73% overvalued. Compare with New Oriental Education & Technology Group →

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Cite: Fair Value Calculator (2026). "Lumi Gruppen AS Fair Value". https://www.fairvalue-calculator.com/stock/LUMI

Peer Group

Education & Training Services · 142 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.

Quality Score 53 · Below median
Fair Value upside −42% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth 14% · Above median

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/E (TTM) 37.8× · Pricier than 75% of peers
P/B 2.09× · Pricier than median
P/S (TTM) 2.15× · Pricier than 75% of peers
P/FCF 2.6× · Pricier than median
EV/EBITDA 13.8× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 33
FUTURE69 · sector 24
PAST23 · sector 19
HEALTH100 · sector 94
DIVIDEND0 · sector 65

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.

None of the checked exposures detected

Similar stocks

10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDU $58.22 $48.37 −17%
TAL Education Group TAL $11.69 $15.60 +33%
Laureate Education, Inc LAUR $38.36 $41.45 +8%
Physicswallah Limited PWL ₹119.46 ₹13.69 −89%
Grand Canyon Education, Inc LOPE $151.19 $152.01 +1%
Covista Inc CVSA $128.22 $135.45 +6%
Stride, Inc LRN $84.58 $139.45 +65%
Universal Technical Institute, Inc UTI $25.64 $20.98 −18%
Perdoceo Education Corporation PRDO $33.81 $40.65 +20%
Strategic Education, Inc STRA $81.90 $105.48 +29%

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Frequently asked questions

Is Lumi Gruppen AS (LUMI) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of kr 10.93 versus a price of kr 18.90, about −42% upside (overvalued).
What is the fair value of LUMI?
Our model-based fair value for Lumi Gruppen AS is kr 10.93 (as of Aug 19, 2026), built from audited fundamentals. The current price: kr 18.90.
What is the quality score of LUMI?
Lumi Gruppen AS has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Lumi Gruppen AS (LUMI)?
Lumi Gruppen AS reported trailing-twelve-month revenue of about 507M NOK (latest available figure, as of Aug 19, 2026).
What is the net profit margin of LUMI?
The net profit margin of Lumi Gruppen AS is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
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