GJENSIDIGE FORSIKRING ASA (GJF.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:GJF • NO0010582521

275.6 NOK
-3 (-1.08%)
Last: Feb 10, 2026, 04:26 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to GJF. GJF was compared to 43 industry peers in the Insurance industry. Both the profitability and the financial health of GJF get a neutral evaluation. Nothing too spectacular is happening here. GJF is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

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.
  • Each year in the past 5 years GJF had a positive operating cash flow.
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

  • The Return On Assets of GJF (3.37%) is better than 74.42% of its industry peers.
  • GJF has a Return On Equity of 22.88%. This is amongst the best in the industry. GJF outperforms 86.05% of its industry peers.
  • GJF's Return On Invested Capital of 2.53% is fine compared to the rest of the industry. GJF outperforms 67.44% of its industry peers.
  • GJF had an Average Return On Invested Capital over the past 3 years of 2.14%. This is in line with the industry average of 2.92%.
  • The 3 year average ROIC (2.14%) for GJF is below the current ROIC(2.53%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.37%
ROE 22.88%
ROIC 2.53%
ROA(3y)3.07%
ROA(5y)3.48%
ROE(3y)20%
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's Profit Margin of 15.08% is amongst the best of the industry. GJF outperforms 86.05% of its industry peers.
  • In the last couple of years the Profit Margin of GJF has declined.
  • GJF has a Operating Margin of 14.78%. This is in the better half of the industry: GJF outperforms 69.77% of its industry peers.
  • In the last couple of years the Operating Margin of GJF has declined.
Industry RankSector Rank
OM 14.78%
PM (TTM) 15.08%
GM N/A
OM growth 3Y10.98%
OM growth 5Y-4.57%
PM growth 3Y9.95%
PM growth 5Y-2.51%
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. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GJF is destroying value.
  • GJF has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, GJF has about the same amount of shares outstanding.
  • The debt/assets ratio for GJF has been reduced compared to a year ago.
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.
  • GJF's Debt to FCF ratio of 0.84 is amongst the best of the industry. GJF outperforms 93.02% of its industry peers.
  • GJF has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.19, GJF belongs to the top of the industry, outperforming 93.02% of the companies in the same industry.
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

5

3. Growth

3.1 Past

  • GJF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.43%, which is quite impressive.
  • GJF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.18% yearly.
  • The Revenue for GJF has decreased by -10.91% in the past year. This is quite bad
  • GJF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.30% yearly.
EPS 1Y (TTM)23.43%
EPS 3Y-11.17%
EPS 5Y0.18%
EPS Q2Q%6.93%
Revenue 1Y (TTM)-10.91%
Revenue growth 3Y5.89%
Revenue growth 5Y6.3%
Sales Q2Q%18.68%

3.2 Future

  • Based on estimates for the next years, GJF will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.32% on average per year.
  • GJF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.52% yearly.
EPS Next Y37.76%
EPS Next 2Y25.85%
EPS Next 3Y18.84%
EPS Next 5Y12.32%
Revenue Next Year8.7%
Revenue Next 2Y8.21%
Revenue Next 3Y7.22%
Revenue Next 5Y5.52%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
GJF.OL Yearly Revenue VS EstimatesGJF.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 27.53, the valuation of GJF can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of GJF indicates a rather expensive valuation: GJF more expensive than 81.40% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.06. GJF is around the same levels.
  • Based on the Price/Forward Earnings ratio of 17.38, the valuation of GJF can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GJF indicates a rather expensive valuation: GJF more expensive than 86.05% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of GJF to the average of the S&P500 Index (27.86), we can say GJF is valued slightly cheaper.
Industry RankSector Rank
PE 27.53
Fwd PE 17.38
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 74.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.03
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.
  • A more expensive valuation may be justified as GJF's earnings are expected to grow with 18.84% in the coming years.
PEG (NY)0.73
PEG (5Y)152.28
EPS Next 2Y25.85%
EPS Next 3Y18.84%

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

5

5. Dividend

5.1 Amount

  • GJF has a Yearly Dividend Yield of 5.22%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.23, GJF pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, GJF pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.22%

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

  • GJF pays out 77.20% of its income as dividend. This is not a sustainable payout ratio.
DP77.2%
EPS Next 2Y25.85%
EPS Next 3Y18.84%
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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GJENSIDIGE FORSIKRING ASA

OSL:GJF (2/10/2026, 4:26:15 PM)

275.6

-3 (-1.08%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-29
Earnings (Next)04-29
Inst Owners23.55%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap137.80B
Revenue(TTM)42.96B
Net Income(TTM)6.48B
Analysts53.33
Price Target294.48 (6.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.22%
Yearly Dividend10
Dividend Growth(5Y)-3.98%
DP77.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)5.86%
Min Revenue beat(2)3.32%
Max Revenue beat(2)8.4%
Revenue beat(4)3
Avg Revenue beat(4)3.04%
Min Revenue beat(4)-1.04%
Max Revenue beat(4)8.4%
Revenue beat(8)7
Avg Revenue beat(8)6.44%
Revenue beat(12)10
Avg Revenue beat(12)31.61%
Revenue beat(16)11
Avg Revenue beat(16)17.53%
PT rev (1m)1.12%
PT rev (3m)4.5%
EPS NQ rev (1m)-3.49%
EPS NQ rev (3m)-5.98%
EPS NY rev (1m)-0.65%
EPS NY rev (3m)-1.2%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)-2.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.09%
Valuation
Industry RankSector Rank
PE 27.53
Fwd PE 17.38
P/S 3.21
P/FCF 22.03
P/OCF 21.47
P/B 4.87
P/tB 6.71
EV/EBITDA N/A
EPS(TTM)10.01
EY3.63%
EPS(NY)15.85
Fwd EY5.75%
FCF(TTM)12.51
FCFY4.54%
OCF(TTM)12.84
OCFY4.66%
SpS85.91
BVpS56.61
TBVpS41.1
PEG (NY)0.73
PEG (5Y)152.28
Graham Number112.92
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 22.88%
ROCE 3.34%
ROIC 2.53%
ROICexc 2.59%
ROICexgc 5.51%
OM 14.78%
PM (TTM) 15.08%
GM N/A
FCFM 14.56%
ROA(3y)3.07%
ROA(5y)3.48%
ROE(3y)20%
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 3Y14.99%
ROICexgc growth 5Y-0.5%
ROICexc growth 3Y9.06%
ROICexc growth 5Y-6.19%
OM growth 3Y10.98%
OM growth 5Y-4.57%
PM growth 3Y9.95%
PM growth 5Y-2.51%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
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 96.59%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
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)89.47%
Profit Quality(5y)81.75%
High Growth Momentum
Growth
EPS 1Y (TTM)23.43%
EPS 3Y-11.17%
EPS 5Y0.18%
EPS Q2Q%6.93%
EPS Next Y37.76%
EPS Next 2Y25.85%
EPS Next 3Y18.84%
EPS Next 5Y12.32%
Revenue 1Y (TTM)-10.91%
Revenue growth 3Y5.89%
Revenue growth 5Y6.3%
Sales Q2Q%18.68%
Revenue Next Year8.7%
Revenue Next 2Y8.21%
Revenue Next 3Y7.22%
Revenue Next 5Y5.52%
EBIT growth 1Y26.38%
EBIT growth 3Y25.18%
EBIT growth 5Y3.54%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y67.55%
FCF growth 3Y54.47%
FCF growth 5Y-1.72%
OCF growth 1Y54.56%
OCF growth 3Y41.57%
OCF growth 5Y-2.63%

GJENSIDIGE FORSIKRING ASA / GJF.OL FAQ

What is the fundamental rating for GJF stock?

ChartMill assigns a fundamental rating of 5 / 10 to GJF.OL.


What is the valuation status for GJF stock?

ChartMill assigns a valuation rating of 3 / 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 77.2%.