Who are Aker's main competitors?

Named competitors: Investor AB (INVE-A.ST). The cockpit's measured peer set (industry) also includes M&G (MNG.L), SBI (8473.T), BitMine Immersion Technologies (BMNR), Brookfield Business (BBUC.TO), Washington H. Soul Pattinson and (SOL.AX), Onex (ONEX.TO).

Is Aker expensive compared with its peers?

On forward p/e it trades at 14.3× against a peer median of 11.9×, 8th most expensive of 17 in its peer set.

How has Aker stock performed?

Over six months to 6 Nov 2026 the shares returned -7.1% against +1.0% for the median peer; over one year +33.6%.

← CockpitCompetitor Analysis › AKER.OL Aker ASA Class AOpen in the cockpit ↗

Aker ASA Class AAKER.OLCompetitor analysis, valuation and peers

Norway · NOK·Financials›Financial Conglomerates

Rokke family's Norwegian industrial holding company with stakes in energy, seafood, tech and maritime businesses.

≈ A Norwegian conglomerate holding, like a smaller Berkshire HathawayMomentum laggard 7

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$8.60B

US dollars, full cap

Free float

29%

of shares outstanding

$/day

$20.0M

20-day average traded

Fwd P/E

14.3×

forward earnings

ROIC−WACC

n/a

WACC 8.4%

Hurdle

n/a

no reverse DCF

Next earnings

102 days

16 Feb 2027

Close · NOKNOK 1,074

1D-1.3%

1W-7.7%

1M-20.6%

3M-23.0%

6M-7.1%

YTD+39.8%

1Y+33.6%

ATR %4.3%

52w lowhigh34.4% off high

What Aker does

Rokke family's Norwegian industrial holding company with stakes in energy, seafood, tech and maritime businesses.

Earns from dividends and value changes on its stakes rather than from products, with Aker BP, the oil and gas producer, by far the largest dividend source. Kjell Inge Rokke's family company, TRG, controls Aker.

In one line: A Norwegian conglomerate holding, like a smaller Berkshire Hathaway.

Products and services

Aker BP (oil & gas) stake
Aker Solutions stake
Aker Horizons (renewables)
Cognite/tech investments

Where it sits in the supply chain

Financial holding
Industrial holding company
Energy, seafood, technology & maritime…

What could go right

Oil & gas (Aker BP) earnings
New venture value creation

What could go wrong

Concentration in oil & gas cyclicality
Holding-company discount

Moat: narrow (scale). Value depends on the quality of underlying operating stakes across energy and industrial ventures.

Headquarters: Oslo, Norway · Founded: 1841 · Employees: 2,891

Named competitors

Investor AB INVE-A.ST

Aker at a glance

Size Aker (AKER.OL) is a Norway Financials company (Financial Conglomerates) with a market value of $8.60B, the 15th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 1,074 on 6 Nov 2026.

Performance Over six months the shares fell 7.1%, against +1.0% for the median peer and +2.7% for the Norway market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue fell 16.8% over the last twelve months (peer median +3.2%); the operating margin is 226.2% (peer median 29.1%).

Valuation It trades at 14.3× forward earnings against a peer median of 11.9× (8th most expensive of 17).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Aker against the median of its 20 peers (local-currency closes).

Aker financials

Reported figures in NOK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NOK 12.2B	NOK 13.0B	NOK 12.2B	NOK 5.80B	NOK 9.66B
Revenue growth	—	+6%	+110%	-40%	—
Gross profit	NOK 468M	NOK 3.07B	NOK 3.38B	-NOK 990M	-NOK 2.20B
EBITDA	NOK 29.3B	NOK 2.66B	NOK 2.26B	-NOK 2.19B	-NOK 3.06B
Net income	NOK 27.9B	NOK 3.86B	-NOK 2.44B	NOK 3.23B	NOK 14.1B
Free cash flow	NOK 3.09B	NOK 1.94B	NOK 7.66B	-NOK 1.65B	-NOK 7.47B
Capital expenditure	NOK 1.81B	NOK 3.04B	NOK 2.08B	NOK 3.18B	NOK 4.69B
Total debt	n/a	NOK 42.7B	NOK 37.9B	NOK 30.0B	NOK 35.0B

Quarterly statements and history in the cockpit →

Aker competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Aker is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aker is the large dot.

Aker competitors and peer comparison

Head to head with its named competitors (AKER.OL vs INVE-A.ST)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Aker AKER.OL	$8.60B	-7%	-17%	226%	14.3×	n/a
Investor INVE-A.ST	$133B	+16%	+2%	158%	65.1×	n/a

How Aker compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aker against its 20 peers (data as of 6 Nov 2026)
Measure	AKER.OL	Peer median	Rank in peer set
1-month return	-20.6%	+4.2%	3rd lowest of 21
6-month return	-7.1%	+1.0%	5th lowest of 21
Distance from 52-week high	-34.4%	-12.7%	3rd lowest of 21
Revenue growth (TTM)	-16.8%	+3.2%	2nd lowest of 21
Operating margin	226.2%	29.1%	highest of 21
Forward P/E	14.3×	11.9×	8th most expensive of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Aker AKER.OL	Norway	$8.60B	-7%	-17%	226%	14.3×	n/a	n/a
M&G MNG.L	United Kingdom	$10.3B	+7%	+68%	8%	11.3×	n/a	n/a
SBI 8473.T	Japan	$11.2B	-13%	+20%	40%	5.9×	n/a	n/a
BitMine Immersion Technologies BMNR	United States	$11.3B	-15%	+1,022%	-485%	25.9×	n/a	n/a
Brookfield Business BBUC.TO	Canada	$6.15B	-9%	+106%	13%	5.4×	n/a	n/a
Washington H. Soul Pattinson and SOL.AX	Australia	$12.5B	+12%	+143%	-9%	28.0×	n/a	n/a
Onex ONEX.TO	Canada	$5.91B	-7%	+2%	173%	22.3×	n/a	n/a
Azimut AZM.MI	Italy	$5.70B	-1%	+17%	46%	10.6×	n/a	n/a
Bajaj Holdings & Investment BAJAJHLDNG.NS	India	$13.0B	+4%	-14%	80%	n/a	n/a	n/a
Blue Owl Capital OBDC	United States	$5.39B	-4%	+1%	54%	8.2×	n/a	n/a
Ares Capital ARCC	United States	$13.8B	+1%	-8%	61%	9.9×	n/a	n/a
Main Street Capital MAIN	United States	$5.33B	+6%	+3%	91%	15.0×	n/a	n/a
Investment AB Latour LATO-B.ST	Sweden	$14.2B	+19%	+3%	15%	n/a	n/a	n/a
Zegona Communications ZEG.L	United Kingdom	$5.17B	-5%	+55%	8%	46.4×	n/a	n/a
Authum Investment & Infrastucture AIIL.NS	India	$5.14B	+16%	-23%	79%	n/a	n/a	n/a
L E Lundbergforetagen LUND-B.ST	Sweden	$15.3B	+16%	-4%	28%	n/a	n/a	n/a
Jio Financial Services JIOFIN.NS	India	$16.2B	-8%	+117%	40%	74.6×	n/a	n/a
Julius Baer Gruppe BAER.SW	Switzerland	$17.1B	+2%	0%	30%	11.3×	n/a	n/a
HAL Trust HAL.AS	Netherlands	$17.2B	+1%	-5%	14%	12.5×	n/a	n/a
Wendel MF.PA	France	$4.14B	0%	-13%	12%	29.9×	n/a	n/a
Legend 3396.HK	Hong Kong	$4.03B	+34%	+27%	4%	4.8×	n/a	n/a

Questions

Who are Aker's main competitors?: Named competitors: Investor AB (INVE-A.ST). The cockpit's measured peer set (industry) also includes M&G (MNG.L), SBI (8473.T), BitMine Immersion Technologies (BMNR), Brookfield Business (BBUC.TO), Washington H. Soul Pattinson and (SOL.AX), Onex (ONEX.TO).
Is Aker expensive compared with its peers?: On forward p/e it trades at 14.3× against a peer median of 11.9×, 8th most expensive of 17 in its peer set.
How has Aker stock performed?: Over six months to 6 Nov 2026 the shares returned -7.1% against +1.0% for the median peer; over one year +33.6%.