Valuation Appear ASA

Stocks

Real-time Oslo Bors 16:38:29 29/10/2026 HKT			5-day change	1st Jan Change
32.00 ^NOK	-11.11%		+3.90%	-61.59%

10-19	DNB Carnegie cuts price target for Appear to 51 Norwegian kroner (90), reiterates buy	FW
10-16	Appear ASA Names Interim CFO	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2025	2026	2027	2028
Market Cap ¹	3,399	1,461	-	-
Change	-	-57%	-	-
Enterprise Value (EV) ¹	2,953	1,004	932.9	832.9
Change	-	-65.99%	-7.12%	-10.72%
P/E	24.5x	14.1x	10.4x	7.33x
PBR	5.33x	2.09x	1.74x	1.4x
PEG	-	-0.6x	0.3x	0.2x
Capitalization / Revenue	4.24x	1.78x	1.47x	1.22x
EV / Revenue	3.69x	1.22x	0.94x	0.7x
EV / EBITDA	15.6x	5.84x	3.94x	2.55x
EV / EBIT	17.3x	7.76x	5.2x	3.28x
EV / FCF	21.2x	1,004x	15x	11.9x
FCF Yield	4.72%	0.1%	6.65%	8.4%
Dividend per Share ²	-	-	-	-
Rate of return	-	-	-	-
EPS ²	3.4	2.545	3.46	4.91
Distribution rate	-	-	-	-
Net sales ¹	800.9	822	991	1,197
EBITDA ¹	189.1	172	237	327
EBIT ¹	170.7	129.5	179.5	254
Net income ¹	129.2	100	138.5	197
Net Debt ¹	-445.6	-457	-528.5	-628.5
Reference price ²	83.32	36.00	36.00	36.00
Nbr of stocks (in thousands)	40,793	40,596	-	-
Announcement Date	12/2/26	-	-	-

¹NOK in Million²NOK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
APPEAR ASA	14.15x	1.22x	5.84x	-	158M
CISCO SYSTEMS, INC.	26.87x	6.02x	15.59x	1.54%	435B
ARISTA NETWORKS, INC.	48.94x	17.35x	34.79x	-.--%	235B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	16.02x	0.64x	11.64x	2.83%	145B
ZHONGJI INNOLIGHT CO., LTD.	20.59x	6.43x	15.51x	0.6%	112B
MOTOROLA SOLUTIONS, INC.	34.98x	6.78x	19.65x	1%	80B
LUMENTUM HOLDINGS INC.	42.3x	12.69x	28.34x	-.--%	82.79B
GARMIN LTD.	26.95x	6.17x	21.74x	1.52%	52.51B
NOKIA OYJ	45.19x	2.09x	13.21x	1.84%	51.8B
CIENA CORPORATION	62.62x	8.09x	35.83x	-.--%	51.51B
Average	33.86x	6.75x	20.21x	1.04%	124.57B
Weighted average by Cap.	33.00x	8.00x	20.86x	1.13%