GJENSIDIGE FORSIKRING ASA (GJF.OL) Fundamental Analysis & Valuation

OSL:GJF • NO0010582521

267.6 NOK
+2.8 (+1.06%)
Last: Mar 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This GJF.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

GJF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 47 industry peers in the Insurance industry. GJF has an average financial health and profitability rating. GJF is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. GJF.OL Profitability Analysis

1.1 Basic Checks

  • In the past year GJF was profitable.
  • GJF had a positive operating cash flow in the past year.
  • Each year in the past 5 years GJF has been profitable.
  • In the past 5 years GJF always reported a positive cash flow from operatings.
GJF.OL Yearly Net Income VS EBIT VS OCF VS FCFGJF.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B

1.2 Ratios

  • GJF has a Return On Assets of 3.51%. This is in the better half of the industry: GJF outperforms 76.60% of its industry peers.
  • With an excellent Return On Equity value of 23.81%, GJF belongs to the best of the industry, outperforming 82.98% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 2.53%, GJF is doing good in the industry, outperforming 63.83% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for GJF is in line with the industry average of 3.45%.
  • The last Return On Invested Capital (2.53%) for GJF is above the 3 year average (2.14%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.51%
ROE 23.81%
ROIC 2.53%
ROA(3y)3.07%
ROA(5y)3.48%
ROE(3y)19.99%
ROE(5y)20.53%
ROIC(3y)2.14%
ROIC(5y)2.63%
GJF.OL Yearly ROA, ROE, ROICGJF.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • GJF has a Profit Margin of 15.69%. This is amongst the best in the industry. GJF outperforms 87.23% of its industry peers.
  • In the last couple of years the Profit Margin of GJF has declined.
  • With a decent Operating Margin value of 14.78%, GJF is doing good in the industry, outperforming 68.09% of the companies in the same industry.
  • GJF's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 14.78%
PM (TTM) 15.69%
GM N/A
OM growth 3Y10.97%
OM growth 5Y-4.57%
PM growth 3Y9.94%
PM growth 5Y-2.52%
GM growth 3YN/A
GM growth 5YN/A
GJF.OL Yearly Profit, Operating, Gross MarginsGJF.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. GJF.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GJF is destroying value.
  • The number of shares outstanding for GJF remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for GJF remains at a similar level compared to 5 years ago.
  • Compared to 1 year ago, GJF has an improved debt to assets ratio.
GJF.OL Yearly Shares OutstandingGJF.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
GJF.OL Yearly Total Debt VS Total AssetsGJF.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • The Debt to FCF ratio of GJF is 0.84, which is an excellent value as it means it would take GJF, only 0.84 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of GJF (0.84) is better than 89.36% of its industry peers.
  • A Debt/Equity ratio of 0.19 indicates that GJF is not too dependend on debt financing.
  • GJF's Debt to Equity ratio of 0.19 is amongst the best of the industry. GJF outperforms 93.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.84
Altman-Z N/A
ROIC/WACC0.3
WACC8.39%
GJF.OL Yearly LT Debt VS Equity VS FCFGJF.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
GJF.OL Yearly Current Assets VS Current LiabilitesGJF.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. GJF.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 28.27% over the past year.
  • GJF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.34% yearly.
  • GJF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.91%.
  • Measured over the past years, GJF shows a quite strong growth in Revenue. The Revenue has been growing by 8.50% on average per year.
EPS 1Y (TTM)28.27%
EPS 3Y12.12%
EPS 5Y5.34%
EPS Q2Q%8.4%
Revenue 1Y (TTM)-10.91%
Revenue growth 3Y12.79%
Revenue growth 5Y8.5%
Sales Q2Q%10.96%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.23% on average over the next years.
  • GJF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.35% yearly.
EPS Next Y23.65%
EPS Next 2Y15.47%
EPS Next 3Y11.38%
EPS Next 5Y5.23%
Revenue Next Year8.35%
Revenue Next 2Y6.84%
Revenue Next 3Y5.72%
Revenue Next 5Y4.35%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GJF.OL Yearly Revenue VS EstimatesGJF.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B 50B
GJF.OL Yearly EPS VS EstimatesGJF.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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2

4. GJF.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 20.84, which indicates a rather expensive current valuation of GJF.
  • Compared to the rest of the industry, the Price/Earnings ratio of GJF indicates a slightly more expensive valuation: GJF is more expensive than 76.60% of the companies listed in the same industry.
  • GJF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.70.
  • The Price/Forward Earnings ratio is 16.86, which indicates a correct valuation of GJF.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GJF indicates a slightly more expensive valuation: GJF is more expensive than 78.72% of the companies listed in the same industry.
  • GJF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 20.84
Fwd PE 16.86
GJF.OL Price Earnings VS Forward Price EarningsGJF.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, GJF is valued a bit more expensive than the industry average as 70.21% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 21.3
EV/EBITDA N/A
GJF.OL Per share dataGJF.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of GJF may justify a higher PE ratio.
PEG (NY)0.88
PEG (5Y)3.9
EPS Next 2Y15.47%
EPS Next 3Y11.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. GJF.OL Dividend Analysis

5.1 Amount

  • GJF has a Yearly Dividend Yield of 5.45%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.21, GJF pays a bit more dividend than its industry peers.
  • GJF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.45%

5.2 History

  • The dividend of GJF decreases each year by -3.98%.
Dividend Growth(5Y)-3.98%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 74.17% of the earnings are spent on dividend by GJF. This is not a sustainable payout ratio.
DP74.17%
EPS Next 2Y15.47%
EPS Next 3Y11.38%
GJF.OL Yearly Income VS Free CF VS DividendGJF.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
GJF.OL Dividend Payout.GJF.OL Dividend Payout, showing the Payout Ratio.GJF.OL Dividend Payout.PayoutRetained Earnings

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GJF.OL Fundamentals: All Metrics, Ratios and Statistics

GJENSIDIGE FORSIKRING ASA

OSL:GJF (3/13/2026, 7:00:00 PM)

267.6

+2.8 (+1.06%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-29
Earnings (Next)04-29
Inst Owners23.64%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap133.80B
Revenue(TTM)42.96B
Net Income(TTM)6.74B
Analysts70
Price Target294.01 (9.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.45%
Yearly Dividend10
Dividend Growth(5Y)-3.98%
DP74.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.61%
Min EPS beat(2)-18.22%
Max EPS beat(2)-15.01%
EPS beat(4)2
Avg EPS beat(4)1.01%
Min EPS beat(4)-18.22%
Max EPS beat(4)35.93%
EPS beat(8)4
Avg EPS beat(8)-1.53%
EPS beat(12)4
Avg EPS beat(12)-8.84%
EPS beat(16)4
Avg EPS beat(16)-8.82%
Revenue beat(2)2
Avg Revenue beat(2)2.33%
Min Revenue beat(2)1.35%
Max Revenue beat(2)3.32%
Revenue beat(4)3
Avg Revenue beat(4)1.28%
Min Revenue beat(4)-1.04%
Max Revenue beat(4)3.32%
Revenue beat(8)7
Avg Revenue beat(8)5.56%
Revenue beat(12)10
Avg Revenue beat(12)31.02%
Revenue beat(16)11
Avg Revenue beat(16)17.09%
PT rev (1m)-0.16%
PT rev (3m)2.19%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)-4.82%
EPS NY rev (1m)0.14%
EPS NY rev (3m)-1.27%
Revenue NQ rev (1m)-2.41%
Revenue NQ rev (3m)-2.17%
Revenue NY rev (1m)0.65%
Revenue NY rev (3m)0.42%
Valuation
Industry RankSector Rank
PE 20.84
Fwd PE 16.86
P/S 3.11
P/FCF 21.3
P/OCF 20.76
P/B 4.73
P/tB 6.51
EV/EBITDA N/A
EPS(TTM)12.84
EY4.8%
EPS(NY)15.88
Fwd EY5.93%
FCF(TTM)12.56
FCFY4.69%
OCF(TTM)12.89
OCFY4.82%
SpS85.91
BVpS56.61
TBVpS41.1
PEG (NY)0.88
PEG (5Y)3.9
Graham Number127.89
Profitability
Industry RankSector Rank
ROA 3.51%
ROE 23.81%
ROCE 3.34%
ROIC 2.53%
ROICexc 2.59%
ROICexgc 5.51%
OM 14.78%
PM (TTM) 15.69%
GM N/A
FCFM 14.62%
ROA(3y)3.07%
ROA(5y)3.48%
ROE(3y)19.99%
ROE(5y)20.53%
ROIC(3y)2.14%
ROIC(5y)2.63%
ROICexc(3y)2.19%
ROICexc(5y)2.69%
ROICexgc(3y)4.57%
ROICexgc(5y)5.09%
ROCE(3y)2.83%
ROCE(5y)3.47%
ROICexgc growth 3Y14.98%
ROICexgc growth 5Y-0.51%
ROICexc growth 3Y9.05%
ROICexc growth 5Y-6.2%
OM growth 3Y10.97%
OM growth 5Y-4.57%
PM growth 3Y9.94%
PM growth 5Y-2.52%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.84
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.38%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 93.18%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.39%
ROIC/WACC0.3
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.19%
Cap/Sales(5y)1.41%
Profit Quality(3y)89.61%
Profit Quality(5y)81.83%
High Growth Momentum
Growth
EPS 1Y (TTM)28.27%
EPS 3Y12.12%
EPS 5Y5.34%
EPS Q2Q%8.4%
EPS Next Y23.65%
EPS Next 2Y15.47%
EPS Next 3Y11.38%
EPS Next 5Y5.23%
Revenue 1Y (TTM)-10.91%
Revenue growth 3Y12.79%
Revenue growth 5Y8.5%
Sales Q2Q%10.96%
Revenue Next Year8.35%
Revenue Next 2Y6.84%
Revenue Next 3Y5.72%
Revenue Next 5Y4.35%
EBIT growth 1Y26.38%
EBIT growth 3Y25.17%
EBIT growth 5Y3.54%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y68.23%
FCF growth 3Y54.68%
FCF growth 5Y-1.64%
OCF growth 1Y55.16%
OCF growth 3Y41.76%
OCF growth 5Y-2.55%

GJENSIDIGE FORSIKRING ASA / GJF.OL FAQ

What is the fundamental rating for GJF stock?

ChartMill assigns a fundamental rating of 4 / 10 to GJF.OL.


What is the valuation status for GJF stock?

ChartMill assigns a valuation rating of 2 / 10 to GJENSIDIGE FORSIKRING ASA (GJF.OL). This can be considered as Overvalued.


How profitable is GJENSIDIGE FORSIKRING ASA (GJF.OL) stock?

GJENSIDIGE FORSIKRING ASA (GJF.OL) has a profitability rating of 6 / 10.


What is the financial health of GJENSIDIGE FORSIKRING ASA (GJF.OL) stock?

The financial health rating of GJENSIDIGE FORSIKRING ASA (GJF.OL) is 4 / 10.


Can you provide the dividend sustainability for GJF stock?

The dividend rating of GJENSIDIGE FORSIKRING ASA (GJF.OL) is 5 / 10 and the dividend payout ratio is 74.17%.