Spir Group ASA
OSE:SPIR

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Spir Group ASA
OSE:SPIR
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Price: 8.54 NOK Market Closed
Market Cap: kr1.1B

P/S

1.2
Current
19%
More Expensive
vs 3-y average of 1

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.2
=
Market Cap
kr1.1B
/
Revenue
kr954.8m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.2
=
Market Cap
kr1.1B
/
Revenue
kr954.8m

Valuation Scenarios

Spir Group ASA is trading above its 3-year average

If P/S returns to its 3-Year Average (1), the stock would be worth kr7.16 (16% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-16%
Maximum Upside
+76%
Average Upside
25%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.2 kr8.54
0%
3-Year Average 1 kr7.16
-16%
5-Year Average 1.1 kr7.7
-10%
Industry Average 1.8 kr12.98
+52%
Country Average 2.1 kr14.99
+76%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
kr1.1B
/
Jan 2026
kr954.8m
=
1.2
Current
kr1.1B
/
Dec 2026
kr1B
=
1.1
Forward
kr1.1B
/
Dec 2027
kr1.1B
=
1
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
NO
Spir Group ASA
OSE:SPIR
1.1B NOK 1.2 1.4
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
341.1B USD 76 209.4
DE
SAP SE
XETRA:SAP
173.9B EUR 4.7 24.3
US
Salesforce Inc
NYSE:CRM
168.8B USD 4.1 22.6
US
Applovin Corp
NASDAQ:APP
155.7B USD 28.4 46.7
US
Intuit Inc
NASDAQ:INTU
108.2B USD 5.4 24.9
US
Adobe Inc
NASDAQ:ADBE
97.2B USD 4 13.5
US
Synopsys Inc
NASDAQ:SNPS
95.4B USD 11.9 86.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
91.5B USD 17.3 82.5
US
NCR Corp
LSE:0K45
90.2B USD 33.6 2 147.1
P/S Multiple
Revenue Growth P/S to Growth
NO
Spir Group ASA
OSE:SPIR
Average P/S: 21 281.6
1.2
N/A N/A
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
76
50%
1.5
DE
SAP SE
XETRA:SAP
4.7
11%
0.4
US
Salesforce Inc
NYSE:CRM
4.1
11%
0.4
US
Applovin Corp
NASDAQ:APP
28.4
34%
0.8
US
Intuit Inc
NASDAQ:INTU
5.4
13%
0.4
US
Adobe Inc
NASDAQ:ADBE
4
10%
0.4
US
Synopsys Inc
NASDAQ:SNPS
11.9
20%
0.6
US
Cadence Design Systems Inc
NASDAQ:CDNS
17.3
14%
1.2
US
N
NCR Corp
LSE:0K45
33.6
-7%
N/A
P/E Multiple
Earnings Growth PEG
NO
Spir Group ASA
OSE:SPIR
Average P/E: 265.9
1.4
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
209.4
58%
3.6
DE
SAP SE
XETRA:SAP
24.3
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.6
31%
0.7
US
Applovin Corp
NASDAQ:APP
46.7
38%
1.2
US
Intuit Inc
NASDAQ:INTU
24.9
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
13.5
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
86.7
44%
2
US
Cadence Design Systems Inc
NASDAQ:CDNS
82.5
39%
2.1
US
N
NCR Corp
LSE:0K45
2 147.1
52%
41.3

Market Distribution

In line with most companies in Norway
Percentile
31st
Based on 676 companies
31st percentile
1.2
Low
0.1 — 1.1
Typical Range
1.1 — 4
High
4 —
Distribution Statistics
Norway
Min 0.1
30th Percentile 1.1
Median 2.1
70th Percentile 4
Max 77 165

Spir Group ASA
Glance View

Market Cap
1.1B NOK
Industry
Technology

Sikri Group ASA is a software company that specializes in delivering digital solutions to the public sector. The company is headquartered in Oslo, Oslo and currently employs 370 full-time employees. The company went IPO on 2020-07-15. Its customer base spans from public sector to private businesses within real estate, banking, insurance, property developers, media companies, builders, property owners, realtors, engineers, power companies and building materials production companies. The firm's business activities are divided into four business segments: The Public segment engaged in sales of software and services towards the public sector through Sikri AS; The Private is engaged in sales of services within digital real estate and construction offerings in Norway; The Consumer segment sales of services within documentation and value estimates on residential properties to professionals within the real estate market; and The Metria segment offers services and solutions in the Swedish market within geoinformation and planning and surveying.

SPIR Intrinsic Value
8.91 NOK
Undervaluation 4%
Intrinsic Value
Price kr8.54
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