profit from every NOK 100 of sales.
NOK 0NOK 100
AF Gruppen
NOK 205.00+1.49% today
+9.9% in 1 year
1-year low NOK 167.401-year high NOK 205.00
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 21.45 for every NOK 1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What AF Gruppen sold, what it kept, and what it did with the cash.
Sales went from NOK 31.0 billion in 2022 to NOK 31.9 billion in 2025, with NOK 1.09 billion of profit last year.
SalesProfit
AF Gruppen handed back 36% of the cash it generated last year.
NOK 986M
Free cash flow 2025NOK 2.7B
Bought back its own sharesNOK 7M
Paid as dividendsNOK 986M
Cash vs. debtNOK 2.4B vs. NOK 1.5B
AF Gruppen vs. similar companies
AF Gruppen grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| AF Gruppen | 21.4× · Fair price | ||
 Quanta Services | 89.1× · Very expensive | ||
 Larsen & Toubro | 36.0× · Expensive | ||
 Ferrovial | 44.7× · Expensive | ||
 Comfort Systems USA | 40.0× · Expensive |
AI analysis
An AI analyst reads AF Gruppen's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 30,970 | 30,155 | 30,222 | 31,870 | |
| 9,070 | 9,250 | 9,889 | 11,063 | |
| 1,152 | 628 | 984 | 1,443 | |
| 1,971 | 1,376 | 1,898 | 2,489 | |
| 958 | 402 | 708 | 1,093 | |
| 8.96 | 3.73 | 6.52 | 9.93 | |
| 29.3% | 30.7% | 32.7% | 34.7% | |
| 3.7% | 2.1% | 3.3% | 4.5% | |
| 3.1% | 1.3% | 2.3% | 3.4% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 14,457 | 14,647 | 15,003 | 17,092 |
| Cash | 765 | 347 | 1,033 | 2,391 |
| Total debt | 1,405 | 1,337 | 1,311 | 1,507 |
| Total liabilities | 10,964 | 11,444 | 11,515 | 13,144 |
| 2,575 | 2,323 | 2,606 | 2,900 | |
| 107 | 108 | 109 | 110 | |
| 28.3% | 17.0% | 23.8% | 30.4% | |
| 37.2% | 17.3% | 27.2% | 37.7% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,460 | 1,552 | 2,217 | 3,038 | |
| 291 | 535 | 255 | 298 | |
| 1,169 | 1,017 | 1,962 | 2,740 | |
| Dividends paid | 1,125 | 700 | 380 | 986 |
| 9 | 2 | 8 | 7 | |
| 55 | 56 | 64 | 76 |
Valuation
- 21.4×
- –
- 6.15
- 7.2×
- 0.7×
- 8.6×
- 9.1×
- 11.7%
- 4.7%
- 4.2%
Profitability
- 34.7%
- 4.5%
- 3.4%
- –
- 30.4%
- 24.9%
- –
- –
- –
- –
Growth
- +1.0%
- +3.5%
- –
- –
- +1.0%
Financial health
- -0.4×
- 0.52
- –
- 26.8×
- 0.73
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 1%of 982
Bottom 23%of 988
Top 48%of 870
Bottom 21%of 985
Top 10%of 988
4.2%of the share price, paid each year
On $1,000 invested$42a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
90.2% of its profit
Room to growStretchedMore than it earns: 36.0%
News
Kongsberg Gruppen ASA reports Q3 resultsSeeking Alpha · Oct 29, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
72Pass
Benjamin Graham
49No pass
Philip Fisher
54No pass
Peter Lynch
20No pass
Joel Greenblatt
60Pass
Charlie Munger
68Pass
Terry Smith
68Pass
Questions about AF Gruppen
Is AF Gruppen a good stock to buy?
A business with weak numbers at a fair price. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the AF Gruppen AI analysis
What does AF Gruppen do?
AF Gruppen ASA, a contracting and industrial company, provides civil engineering, construction, energy and environment, and property and offshore services in Norway and Sweden. It is in Engineering & Construction, based in Oslo, Norway, with 5,975 employees.
Does AF Gruppen pay a dividend?
Yes. At today's price the dividend is 4.2% a year, about 90% of its yearly profit. In 2025 it paid out NOK 986 million in dividends.
Is AF Gruppen stock halal?
Yes. AF Gruppen passes our halal screen: its business is permitted and its debt is 6% of its market value, under the 30% limit. How we check
How has AF Gruppen stock done over the past year?
Up 9.9% over the past twelve months, to NOK 205.00. It traded between NOK 167.40 and NOK 205.00, close to its high.
Who are AF Gruppen's competitors?
The largest listed companies in the same industry are Quanta Services, Larsen & Toubro, Ferrovial and Comfort Systems USA. The peers table on this page compares their profit, growth and price with AF Gruppen's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.