Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Gjensidige Forsikring ASA is a leading Norwegian insurance company specializing in general insurance, with a history tracing back to 1816. As the parent of the Gjensidige group, it operates across multiple segments including general insurance for private customers, commercial clients, Denmark, Sweden, the Baltics, and pensions in Norway. The company offers a broad portfolio of products such as car, home, vacation home, personal property, boat, valuables, life, health, pet, travel, student abroad, and youth insurance, alongside accident and pure risk life insurance. The majority of revenue stems from its Norwegian private and commercial operations, serving individuals, agriculture, businesses, and municipalities, while extending tailored solutions regionally. Headquartered in Oslo with approximately 4,000 to 4,700 employees, Gjensidige holds a significant 26% market share in Norway's insurance sector and maintains subsidiaries in Denmark, Sweden, and the Baltics. Classified in the Financial Services sector under Insurance - Property & Casualty, it plays a key role in providing financial security against risks like climate changes and supports pensions and savings plans domestically.
NOK 272.80
+NOK 3.80 (+1.41%)
EOD Jul 2, 2026
Net margin is thin at 14.59%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue grew 10.7% YoY.
At 20x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles.
20.1x earnings. Above the financial-sector median (~13x). The market is pricing in above-average returns or growth, any credit deterioration would compress the multiple quickly.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 45.48B
▲ +10.7% YoY
Net Income (TTM)
NOK 6.95B
▲ +27.6% YoY
Net Margin
15.27%
P/E
20.1x
Balance Sheet
Total Assets
NOK 191.90B
Equity
NOK 28.31B
Total Debt
NOK 5.28B
Cash & Equiv.
NOK 4.43B
3Y CAGR: +14.8%
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At a P/E of 20.1 and a price-to-free-cash-flow of 25.9, Gjensidige Forsikring ASA (GJF.XOSL) trades above a two-stage DCF intrinsic value of about NOK 180.78 per share, so at NOK 272.80 the stock looks overvalued (33.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Gjensidige Forsikring ASA scores 78/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 180.78 per share for GJF.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 135.59. At today's NOK 272.80, that puts the stock about 33.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Gjensidige Forsikring ASA scores 78 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Gjensidige Forsikring ASA pays a regular dividend of about NOK 9.73 per share per year (typically in quarterly installments), a yield of roughly 3.6% at the current price. That is a payout ratio of about 72.0% of earnings, so the dividend is covered, with less cushion. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For GJF.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. GJF.XOSL currently trades above its estimated intrinsic value and scores 78/100 on quality (solid). It also yields about 3.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.