Kongsberg Gruppen ASA KOG

Stock XOSL Rating as of Oct 23, 2026

NOK 301.00 −0.50 (0.17%)

As of Oct 23, 2026, 2:29:38 PM Delayed Price Closed

Company Report

Kongsberg: Maritime Spinoff Sharpens Focus on Defense and Technology Growth

Loredana Muharremi Sep 23, 2026

Kongsberg Gruppen has completed the spinoff of Kongsberg Maritime, creating a pure-play defense and technology company. The separation removes civil maritime exposure and sharpens strategic focus on defense, discovery, and digital, aligning capital allocation and growth priorities with structurally stronger end markets.

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Price vs Fair Value

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KOG is trading at a LOCK|f^H%g> premium.

Price

NOK 301.00

Oct 23, 2026

Fair Value

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May 6, 2026

Uncertainty

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1-Star Price: LOCK|L.@gF
5-Star Price: LOCK|%.R%
Economic Moat: LOCK|?C&
Capital Allocation: LOCK|t<J&%l>

Bulls Say, Bears Say

Bulls

Defense demand is structurally supported by rising NATO spending, driving multiyear growth in missiles, air defense, and surveillance with strong backlog visibility.

Bears

High exposure to government budgets introduces political and procurement timing risk, potentially delaying order intake and revenue conversion.

News

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Trading Information

Previous Close Price: NOK 301.50
Day Range: NOK 298.70–305.50
52-Week Range: NOK 188.81–352.83
Bid/Ask: NOK 298.10 / NOK 303.00
Shares Outstanding: 879.61M
Market Cap: NOK 264.76B
Volume/Avg: 1M / 1M

Key Statistics

Price/Earnings (Normalized): 44.17
Price/Sales: 6.35
Dividend Yield (Trailing): 0.73%
Dividend Yield (Forward): 0.73%
Dividend Payment Schedule: Apr
Total Yield: 0.73%

Company Profile

Kongsberg Gruppen is an international technology company focused on defense, aerospace, and advanced sensing and surveillance solutions following the spinoff of its maritime business. The group’s activities are centered on Kongsberg Defense & Aerospace and Kongsberg Discovery, providing defense systems, missiles, air defense, and subsea and monitoring technologies.

Sector: Industrials
Industry: Aerospace & Defense
Stock Style Box: Large Growth
Total Number of Employees: 15,865
Website: https://www.kongsberg.com

Competitors

Valuation

Metric	KOG	HO	AM
Price/Earnings (Normalized)	44.17	26.34	22.76
Price/Book Value	21.47	5.85	3.52
Price/Sales	6.35	2.06	2.67
Price/Cash Flow	34.29	19.32	21.57

Price/Earnings

KOG

Financial Strength

Metric	KOG	HO	AM
Quick Ratio	0.68	0.58	0.43
Current Ratio	0.88	0.83	1.05
Interest Coverage	27.55	6.69	208.94

Quick Ratio

KOG

Profitability

Metric	KOG	HO	AM
Return on Assets (Normalized)	7.89%	5.07%	3.55%
Return on Equity (Normalized)	30.68%	25.89%	18.22%
Return on Invested Capital (Normalized)	24.93%	15.12%	16.98%

Return on Assets

KOG

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