Kongsberg Gruppen ASA KOG

Stock XOSL Rating as of Oct 2, 2026

NOK 308.00 −3.50 (1.12%)

As of Oct 2, 2026, 2:26:50 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|Xx%fZ premium.

Price

NOK 308.00

Oct 2, 2026

Fair Value

LOCK|^H

May 6, 2026

Uncertainty

LOCK|?^KT

1-Star Price: LOCK|@.P%c
5-Star Price: LOCK|&.$s
Economic Moat: LOCK|vS
Capital Allocation: LOCK|$>^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 311.50
Day Range: NOK 307.30–315.40
52-Week Range: NOK 188.81–352.83
Bid/Ask: NOK 308.00 / NOK 315.00
Shares Outstanding: 879.61M
Market Cap: NOK 270.92B
Volume/Avg: 833,756 / 1M

Key Statistics

Price/Earnings (Normalized): 45.71
Price/Sales: 6.57
Dividend Yield (Trailing): 0.71%
Dividend Yield (Forward): 0.71%
Dividend Payment Schedule: Apr
Total Yield: 0.71%

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	AM	LDO
Price/Earnings (Normalized)	45.71	21.48	22.21
Price/Book Value	22.22	3.32	2.86
Price/Sales	6.57	2.52	1.34
Price/Cash Flow	35.49	20.36	12.34

Price/Earnings

KOG

LDO

Financial Strength

Metric	KOG	AM	LDO
Quick Ratio	0.68	0.43	0.49
Current Ratio	0.88	1.05	0.90
Interest Coverage	27.55	208.94	271.29

Quick Ratio

KOG

LDO

Profitability

Metric	KOG	AM	LDO
Return on Assets (Normalized)	7.89%	3.55%	4.62%
Return on Equity (Normalized)	30.68%	18.22%	17.06%
Return on Invested Capital (Normalized)	24.93%	16.98%	17.92%

Return on Assets

KOG

LDO

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