Storebrand ASA (STB) Fair Value & Analysis
Financial Services · NO · Market cap 82.6B NOK (≈ $8.9B) · ISIN NO0003053605
What is Storebrand ASA really worth?
A solid business, but trading 343% above our fair value of kr 46.42.
Risks
For context
Fair value as of: Aug 21, 2026
From 2 valuation models · updated 15 days ago
Share price +0.8% 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 58.03). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range kr 57.15 – kr 206.80 · fair‑value band kr 34.82 – kr 58.03 · the kr 205.60 price screens above the kr 46.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Storebrand ASA (STB) currently trades at kr 205.60, while our model-based Fair Value estimate is kr 46.42, implying the stock looks roughly 342.9% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services sector. How firm this estimate is: it rests on 19 models at a data quality of 95/100, which puts the evidence level at medium.
Revenue grew 35.0% year over year. It earns a return on equity of 13.9%. Net debt stands at 46.4B NOK. The stock trades on a trailing P/E of 19.0. Fundamentals as of Aug 21, 2026
Our scenario range runs from kr 34.82 (bear case) to kr 58.03 (bull case); at kr 205.60, 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 near its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −27% fair-value upside, at −77%, STB 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 3.68 per share, which is 7.9 % 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.
All 2 models by family
Widest divergence: Multiples (kr 67.43) versus Asset-Based (kr 53.15). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 83
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
Storebrand ASA provides insurance products and services in Norway, the United States, Germany, Sweden, the United Kingdom, and internationally. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.
Full company description
Storebrand ASA provides insurance products and services in Norway, the United States, Germany, Sweden, the United Kingdom, and internationally. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products. The Insurance segment provides personal insurance, non-life insurance, personal risk, and pension-related insurance products. The Guaranteed Pensions segment offers long-term pension savings products, such as defined contribution pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products. The company serves private individuals, businesses, public enterprises, and corporate and retail markets. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Storebrand ASA reported revenue of 207M NOK in FY2025 versus 118B NOK in FY2021, a compound −79.6%/yr. Reported net income was 5.0B NOK in FY2025, compounding +12.7%/yr from FY2021.
of which total revenue +5.8 % · buybacks/dilution −0.5 %
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).
STB screens 343% overvalued. Compare with ORIX Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Storebrand Europe Index - announcement of prospectus
- Storebrand ASA (SREDF) Q2 2026 Earnings Call Highlights: Record Growth and Strategic Buybacks ...
- Storebrand ASA (SREDF) Q1 2026 Earnings Call Highlights: Strong Growth in Operational Results ...
- A Look At Storebrand (OB:STB) Valuation After Profit Jump Dividend Hike And Planned Share Buyback
Peer Group
Financial Conglomerates · 55 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 Financial Conglomerates 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 Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $39.73 | $35.47 | −11% |
| Bajaj Finserv Ltd BAJAJFINSV | ₹2,029 | ₹796.96 | −61% |
| China Galaxy Securities Co 601881 | ¥12.36 | ¥11.34 | −8% |
| Guosen Securities Co 002736 | ¥10.24 | ¥10.84 | +6% |
| CNPC Capital Company 000617 | ¥6.96 | ¥6.99 | +0% |
| Aditya Birla Capital Limited ABCAPITAL | ₹410.95 | ₹119.98 | −71% |
| Freedom Holding FRHC | $171.87 | $31.31 | −82% |
| Voya Financial, Inc VOYA | $99.49 | $62.37 | −37% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.65 | ¥5.62 | −27% |
| Bicecorp S.A BICE | 396.11 CLP | 261.70 CLP | −34% |
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