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Entra ASAENTRA.OLCompetitor analysis, valuation and peers

Norway · NOK·Real Estate›Real Estate Development

Norwegian commercial real estate company that owns and develops office properties mostly leased to government and corporate tenants.

≈ A Norwegian office property company with government tenantsMomentum neutral 44
Mkt cap
$1.95B
US dollars, full cap
Free float
21%
of shares outstanding
$/day
$1.13M
20-day average traded
Fwd P/E
15.2×
forward earnings
ROIC−WACC
n/a
WACC 5.9%
Hurdle
n/a
no reverse DCF
Next earnings
96 days
10 Feb 2027
Close · NOKNOK 99.60
1D-0.2%
1W+3.5%
1M+10.4%
3M-6.4%
6M-4.4%
YTD-13.8%
1Y-10.4%
ATR %2.0%
52w lowhigh16.2% off high

What Entra does

Norwegian commercial real estate company that owns and develops office properties mostly leased to government and corporate tenants.

Collects rent under long leases, a large share of it from government agencies and the rest from companies, with rents usually adjusted each year for inflation. Most buildings are in Oslo and other large Norwegian cities. It began as a state-owned property company before listing in 2014.

In one line: A Norwegian office property company with government tenants.

Products and services

  • Office property ownership & leasing
  • Property development

Customers

  • Norwegian government agencies
  • Corporate office tenants

Where it sits in the supply chain

  • Real estate
  • Office property ownership & leasing
  • Development

What could go right

  • Government lease stability
  • Prime office rental growth in Oslo

What could go wrong

  • Interest rate impact on property valuations
  • Office demand shifts from remote work

Moat: narrow (installed base, scale). High-quality office portfolio in central Norwegian cities with long government leases.

Headquarters: Oslo, Norway · Founded: 2000 · Employees: 183

Named competitors

  • Castellum AB CAST.ST
  • Fabege AB FABG.ST
  • Olav Thon Eiendomsselskap private or unlisted
  • Norwegian Property private or unlisted

Entra at a glance

Size Entra (ENTRA.OL) is a Norway Real Estate company (Real Estate Development) with a market value of $1.95B, the 44th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 99.60 on 6 Nov 2026.

Performance Over six months the shares fell 4.4%, against -5.1% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th highest of 20 in its peer set.

Growth Revenue fell 8.8% over the last twelve months (peer median +4.6%); the operating margin is 81.6% (peer median 19.1%).

Valuation It trades at 15.2× forward earnings against a peer median of 13.3× (7th most expensive of 17).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026ENTRA.OL 97Peer median 94
Six months, rebased to 100: Entra against the median of its 20 peers (local-currency closes).

Entra financials

Reported figures in NOK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNOK 3.45BNOK 3.58BNOK 3.76BNOK 3.20BNOK 3.28B
Revenue growth—-5%+18%-2%—
Gross profitNOK 3.16BNOK 3.04BNOK 2.92BNOK 2.88BNOK 2.95B
EBITDANOK 2.82BNOK 2.83BNOK 2.72BNOK 2.70BNOK 2.74B
Net income-NOK 773MNOK 1.15B-NOK 445M-NOK 5.45B-NOK 634M
Free cash flown/aNOK 1.32BNOK 1.35BNOK 1.38BNOK 1.63B
Capital expenditure-NOK 4.00MNOK 4.00MNOK 2.00MNOK 4.00MNOK 5.00M
Total debtNOK 30.8BNOK 31.2BNOK 31.6BNOK 39.4BNOK 40.8B

Quarterly statements and history in the cockpit →

Entra 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

-20%0%+20%+40%-10%0%+10%000506ARGMVCBRIGADE604960067588486000640363IMCHOMEALTAGRI0006206098HUFV-ASREENTRA.OL6-month return →1-month return →
Up and to the right = strong over both horizons. Entra is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%20×40×60×ARGMVCBRIGADE60496000640363FABGHOMEALTAGRI000620ENTRA.OLRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Entra is the large dot.

Entra competitors and peer comparison

Head to head with its named competitors (ENTRA.OL vs CAST.ST vs FABG.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Entra ENTRA.OL$1.95B-4%-9%82%15.2×n/a
Castellum CAST.ST$5.94B+10%-3%67%16.1×n/a
Fabege FABG.ST$2.02B-16%+27%59%14.7×n/a

How Entra 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.

Entra against its 20 peers (data as of 6 Nov 2026)
MeasureENTRA.OLPeer medianRank in peer set
1-month return+10.4%+1.2%4th highest of 21
6-month return-4.4%-5.1%8th highest of 20
Distance from 52-week high-16.2%-17.2%11th highest of 21
Revenue growth (TTM)-8.8%+4.6%5th lowest of 20
Operating margin81.6%19.1%highest of 21
Forward P/E15.2×13.3×7th most expensive of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Entra ENTRA.OLNorway$1.95B-4%-9%82%15.2×n/an/a
Zhaojin International Gold 000506.SZChina$1.95B-13%+42%27%n/an/an/a
Argan ARG.PAFrance$1.95B+14%+5%78%11.2×n/an/a
Metrovacesa MVC.MCSpain$1.95B-5%+58%13%26.4×n/an/a
Brigade Enterprises BRIGADE.NSIndia$1.93B-4%-4%23%20.0×n/an/a
Poly Property Services 6049.HKHong Kong$1.92B-14%+8%11%7.9×n/an/a
China Enterprise 600675.SSChina$1.98B-15%-35%4%n/an/an/a
Leopalace21 8848.TJapan$1.99B+52%+3%8%13.0×n/an/a
Nanjing Gaoke 600064.SSChina$2.00B-4%+4%-18%5.8×n/an/a
Shanghai Industrial 0363.HKHong Kong$1.89B-14%-28%15%7.1×n/an/a
Inmocemento IMC.MCSpain$1.88B-4%+10%29%n/an/an/a
Fabege FABG.STSweden$2.02B-16%+27%59%14.7×n/an/a
Neinor Homes HOME.MCSpain$2.04B+10%+165%10%13.0×n/an/a
Altarea SCA ALTA.PAFrance$2.05B-31%-20%9%9.9×n/an/a
Grainger GRI.LUnited Kingdom$1.83B+19%-23%49%19.8×n/an/a
Intershop ISN.SWSwitzerland$1.82B-9%+5%79%18.5×n/an/a
Winnovation Culturaltainment Development Limited 000620.SZChina$2.12B-6%+14%-39%66.0×n/an/a
PPI Public Property Invest PUBLI.STSweden$1.78Bn/an/a70%n/an/an/a
Country Garden Services 6098.HKHong Kong$2.13B-21%+11%4%7.0×n/an/a
Hufvudstaden HUFV-A.STSweden$2.14B-5%-4%47%20.9×n/an/a
Sirius Real Estate SRE.LUnited Kingdom$2.14B+1%+13%41%13.6×n/an/a

Questions

Who are Entra's main competitors?
Named competitors: Castellum AB (CAST.ST), Fabege AB (FABG.ST), Olav Thon Eiendomsselskap (private or unlisted), Norwegian Property (private or unlisted). The cockpit's measured peer set (industry) also includes Zhaojin International Gold (000506.SZ), Argan (ARG.PA), Metrovacesa (MVC.MC), Brigade Enterprises (BRIGADE.NS), Poly Property Services (6049.HK), China Enterprise (600675.SS).
Is Entra expensive compared with its peers?
On forward p/e it trades at 15.2× against a peer median of 13.3×, 7th most expensive of 17 in its peer set.
How has Entra stock performed?
Over six months to 6 Nov 2026 the shares returned -4.4% against -5.1% for the median peer; over one year -10.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.