EQNR Relative Valuation - Equinor ASA

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Price: 239.7 NOK 0.76%

Market Cap: 669.4B NOK

Section:

Relative Value

The Relative Value of one EQNR stock under the Base Case scenario is 309.01 NOK. Compared to the current market price of 239.7 NOK, Equinor ASA is Undervalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

EQNR Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.6

P/S

vs History	92
vs Industry	61

Median 5Y

0.8

Industry

1.2

Forward

0.6

More Details

7.2

P/E

vs History	38
vs Industry	28

Median 5Y

Industry

9.8

Forward

6.9

More Details

3.1

P/OCF

vs History	65
vs Industry	34

Median 5Y

3.3

Industry

4.6

More Details

13.9

P/FCFE

vs History	22
vs Industry	15

Median 5Y

6.9

Industry

9.7

More Details

1.5

P/B

vs History	79
vs Industry	24

Median 5Y

1.7

Industry

1.1

More Details

0.6

EV/S

vs History	80
vs Industry	66

Median 5Y

0.7

Industry

1.8

Forward

0.6

More Details

1.2

EV/GP

vs History	71
vs Industry	72

Median 5Y

1.3

Industry

4.4

More Details

1.5

EV/EBITDA

vs History	66
vs Industry	51

Median 5Y

1.6

Industry

5.9

Forward

1.5

More Details

EV/EBIT

vs History	66
vs Industry	47

Median 5Y

2.1

Industry

8.3

Forward

More Details

3.1

EV/OCF

vs History	60
vs Industry	41

Median 5Y

3.2

Industry

6.2

More Details

7.7

EV/FCFF

vs History	41
vs Industry	27

Median 5Y

6.5

Industry

10.5

More Details

0.6

EV/IC

vs History	82
vs Industry	47

Median 5Y

0.7

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
NO		Equinor ASA OSE:EQNR	656.5B NOK	0.6	7.2	1.5	2
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.7	17	7.7	8.7
US		Exxon Mobil Corp NYSE:XOM	462.3B USD	1.4	13.7	7.1	10.9
US		Chevron Corp NYSE:CVX	245B USD	1.3	13.9	6.2	10.5
UK		Shell PLC LSE:SHEL	152.1B GBP	0.7	12.5	49.6	88.6
NL	R	Royal Dutch Shell PLC OTC:RYDAF	203.3B USD	0.7	12.6	3.8	6.8
CN		PetroChina Co Ltd SSE:601857	1.5T CNY	0.5	8.8	6.1	6.1
FR		TotalEnergies SE PAR:TTE	112.9B EUR	0.7	9.4	4	6.2
CN		China Petroleum & Chemical Corp SSE:600028	686.5B CNY	0.2	15.2	16.9	16.9
UK		BP PLC LSE:BP	54.9B GBP	0.4	-60.9	108	262.9
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	397.1B BRL	0.8	4.7	2.4	3.3

				Revenue Growth	P/S to Growth
NO		Equinor ASA OSE:EQNR	Average P/S: 1 0.6	-2%	N/A
SA		Saudi Arabian Oil Co SAU:2222	3.7	-2%	N/A
US		Exxon Mobil Corp NYSE:XOM	1.4	0%	N/A
US		Chevron Corp NYSE:CVX	1.3	1%	1.3
UK		Shell PLC LSE:SHEL	0.7	1%	0.7
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.7	1%	0.7
CN		PetroChina Co Ltd SSE:601857	0.5	-1%	N/A
FR		TotalEnergies SE PAR:TTE	0.7	2%	0.3
CN		China Petroleum & Chemical Corp SSE:600028	0.2	0%	N/A
UK		BP PLC LSE:BP	0.4	0%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	0.8	-1%	N/A

				Earnings Growth	PEG
NO		Equinor ASA OSE:EQNR	Average P/E: 11.5 7.2	2%	3.6
SA		Saudi Arabian Oil Co SAU:2222	17	3%	5.7
US		Exxon Mobil Corp NYSE:XOM	13.7	9%	1.5
US		Chevron Corp NYSE:CVX	13.9	9%	1.5
UK		Shell PLC LSE:SHEL	12.5	-8%	N/A
NL	R	Royal Dutch Shell PLC OTC:RYDAF	12.6	-8%	N/A
CN		PetroChina Co Ltd SSE:601857	8.8	0%	N/A
FR		TotalEnergies SE PAR:TTE	9.4	8%	1.2
CN		China Petroleum & Chemical Corp SSE:600028	15.2	6%	2.5
UK		BP PLC LSE:BP	Negative Multiple: -60.9	66%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	4.7	-6%	N/A

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Franklin Covey Co NYSE:FC	21.19 USD 2.91%
	Mohawk Industries Inc NYSE:MHK	104.69 USD -1.65%
	Ardmore Shipping Corp NYSE:ASC	9.81 USD 1.13%
	ASGN Inc NYSE:ASGN	51.95 USD 2.45%
	Skyworks Solutions Inc NASDAQ:SWKS	66.06 USD 1.27%
	Weatherford International PLC NASDAQ:WFRD	44.73 USD 4.98%

	Johnson & Johnson NYSE:JNJ	156.12 USD 1.07%
	Bank of America Corp NYSE:BAC	41.07 USD 2.24%
	Mastercard Inc NYSE:MA	559.39 USD 2.33%
	Salesforce Inc NYSE:CRM	275.08 USD 2.13%
	Abbvie Inc NYSE:ABBV	198.47 USD 2.65%
	Home Depot Inc NYSE:HD	364.52 USD 1.74%

	Arista Networks Inc NYSE:ANET	91.02 USD 3.62%
	Visa Inc NYSE:V	347.6 USD 1.5%
	Texas Pacific Land Corp NYSE:TPL	1 346.39 USD 3.08%
	KLA Corp NASDAQ:KLAC	698.16 USD 3.23%
	Manhattan Associates Inc NASDAQ:MANH	183.41 USD 2.68%
	Monolithic Power Systems Inc NASDAQ:MPWR	636.89 USD 5.86%

	ServiceNow Inc NYSE:NOW	977.36 USD 2.03%
	EOG Resources Inc NYSE:EOG	110.86 USD -0.73%
	Monster Beverage Corp NASDAQ:MNST	60.05 USD 0.89%
	Copart Inc NASDAQ:CPRT	61.22 USD 1.19%
	Applied Materials Inc NASDAQ:AMAT	155.1 USD 4.12%
	Airbnb Inc NASDAQ:ABNB	125.26 USD 1.01%

Equinor ASA
OSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples
Equinor ASA Competitors

See Also

Company

Help

Tools

Stocks

				EBITDA Growth	EV/EBITDA to Growth
NO		Equinor ASA OSE:EQNR	Average EV/EBITDA: 19.4 1.5	-2%	N/A
SA		Saudi Arabian Oil Co SAU:2222	7.7	3%	2.6
US		Exxon Mobil Corp NYSE:XOM	7.1	8%	0.9
US		Chevron Corp NYSE:CVX	6.2	9%	0.7
UK		Shell PLC LSE:SHEL	49.6	-1%	N/A
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.8	-1%	N/A
CN		PetroChina Co Ltd SSE:601857	6.1	22%	0.3
FR		TotalEnergies SE PAR:TTE	4	2%	2
CN		China Petroleum & Chemical Corp SSE:600028	16.9	47%	0.4
UK		BP PLC LSE:BP	108	9%	12
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.4	0%	N/A

				EBIT Growth	EV/EBIT to Growth
NO		Equinor ASA OSE:EQNR	Average EV/EBIT: 38.4 2	-5%	N/A
SA		Saudi Arabian Oil Co SAU:2222	8.7	3%	2.9
US		Exxon Mobil Corp NYSE:XOM	10.9	8%	1.4
US		Chevron Corp NYSE:CVX	10.5	5%	2.1
UK		Shell PLC LSE:SHEL	88.6	0%	N/A
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.8	0%	N/A
CN		PetroChina Co Ltd SSE:601857	6.1	-3%	N/A
FR		TotalEnergies SE PAR:TTE	6.2	1%	6.2
CN		China Petroleum & Chemical Corp SSE:600028	16.9	9%	1.9
UK		BP PLC LSE:BP	262.9	16%	16.4
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.3	-6%	N/A

52 Week Range	237.5 310.45
Price Target

Equinor ASA OSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples Equinor ASA Competitors

See Also

Company

Help

Tools

Stocks

Equinor ASA
OSE:EQNR

EQNR Competitors Multiples
Equinor ASA Competitors