olivLaw · European equity research
Gyldendal Asa GYL.OL
Norway · Euronext Oslo Børs · ISIN NO0004288200 · Vertical: Listed companies from Norway
At the close of 06 Nov 2026, Gyldendal Asa (GYL.OL) stock was 412.00 NOK (+0.49% on the day), with market capitalisation 1.1 bn NOK, P/E 13.0 on diluted EPS of 31.69 NOK over the last 12 months, dividend yield 0.88%, beta 0.21, 52-week range 400.00–488.00 NOK.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.6
- weak (30–45)
- Bollinger (20, 2)
- 389.91 – 459.29
- in the lower half of the band · %B 0.32 · band width 16.3%
- SMA 50 / 200
- 430.16 / 428.60
- mixed trend
- MACD (12, 26, 9)
- -6.22 / -4.77
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.2% | −0.2% | −4.0 pp | — |
| 3 months | unavailable | −5.4% | unavailable | — |
| 6 months | −3.7% | +4.4% | −8.1 pp | — |
| Year to date | −12.3% | +6.5% | −18.8 pp | — |
| 1 year | unavailable | +10.0% | unavailable | −4.7% |
| 3 years | −25.1% | +48.6% | −73.7 pp | +12.7% |
| 5 years | −30.8% | +41.4% | −72.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 2-quarter history (min 14.8, median 34.7, max 54.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2.7 bn | 2.7 bn | 2.9 bn |
| Revenue YoY | unavailable | +1.7% | +6.8% |
| Net income | -38.4 m | 25.5 m | 81.3 m |
| Net income YoY | unavailable | unavailable | +218.7% |
| Diluted EPS | -19.44 | 7.21 | 31.69 |
| Diluted EPS YoY | unavailable | unavailable | +339.5% |
| net % | -1.4% | 0.9% | 2.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 338.9 m NOK
- Financial debt
- unavailable NOK
- Net debt
- unavailable NOK
- Equity
- 969.9 m NOK
- Total assets
- 2.3 bn NOK
- Debt / equity
- unavailable
- Current ratio
- 1.17x
- ROE
- 8.6%
- ROA
- 3.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (NOK)
Margins
Income statement · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 2.7 bn | 2.7 bn | 2.9 bn | esef· 21 Oct 2026verified |
| Operating income | -13.8 m | 59.2 m | 113.0 m | esef· 21 Oct 2026verified |
| Pre-tax income | -48.9 m | 18.7 m | 98.2 m | esef· 21 Oct 2026verified |
| Income tax | -4.1 m | 2.1 m | 25.1 m | esef· 21 Oct 2026verified |
| Net income | -38.4 m | 25.5 m | 81.3 m | esef· 21 Oct 2026verified |
| Diluted EPS | -19.44 | 7.21 | 31.69 | esef· 21 Oct 2026verified |
| Dividend per share | 8.17 | 0.00 | 3.64 | esef· 21 Oct 2026derived |
Balance sheet · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 163.6 m | 216.2 m | 338.9 m | esef· 21 Oct 2026verified |
| Inventories | 504.2 m | 495.9 m | 489.8 m | esef· 21 Oct 2026verified |
| Current assets | 909.0 m | 959.2 m | 1.1 bn | esef· 21 Oct 2026verified |
| Goodwill | 145.1 m | 143.5 m | 143.5 m | esef· 21 Oct 2026verified |
| Intangibles (excl. goodwill) | 139.3 m | 133.4 m | 132.7 m | esef· 21 Oct 2026verified |
| Total assets | 2.2 bn | 2.3 bn | 2.3 bn | esef· 21 Oct 2026verified |
| Current liabilities | 832.2 m | 854.3 m | 912.7 m | esef· 21 Oct 2026verified |
| Total liabilities | 1.3 bn | 1.4 bn | 1.3 bn | esef· 21 Oct 2026verified |
| Equity | 897.1 m | 930.2 m | 969.9 m | esef· 21 Oct 2026verified |
| Shares outstanding at year end | 2.0 m | 3.5 m | 2.6 m | esef· 21 Oct 2026derived |
Cash flow · NOK
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 1.1 bn NOK
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 2.8% | 50 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 31 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | 13.0x | 65 (vs peers) | 38% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.9% | 13 (on a fixed band) | 23% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial31/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial50/100 · 1/3 factors with a value
- Returns· partial13/100 · 1/2 factors with a value
- Valuation· partial65/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GYLDENDAL ASA (GYL.OL). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 2.9 bn NOK in 2025; YoY growth 6.8%; net margin 2.8%; ROE 8.6%.
The estimated value range is 290.20–1,001.15 NOK per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 626.14 NOK, the price of 412.00 NOK leaves a potential of 52.0% (value / price − 1) and a margin of safety of 34.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Shareholder yield (distributions): 0.9%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Norway · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 79.8 bn | 20.3 | 7.9% | 21.4% | +42.5% | +36% / +59% |
| AFG.OLAf Gruppen Asa | 21.5 bn | 19.8 | 39.7% | 3.4% | +4.4% | +8% / +69% |
| ELK.OLElkem Asa | 19.2 bn | 39.3 | 1.9% | 2.7% | −15.7% | +10% / +73% |
| ATEA.OLAtea Asa | 18.5 bn | 21.4 | 19.7% | 2.3% | +8.1% | +11% / +36% |
| AKSO.OLAker Solutions Asa | 17.4 bn | 6.8 | 22.5% | 4.1% | +19.2% | +18% / −12% |
| AUSS.OLAustevoll Seafood Asa | 16.6 bn | 37.1 | 1.6% | 1.1% | +11.1% | −7% / +10% |
| BRG.OLBorregaard Asa | 15.6 bn | 25.1 | 11.4% | 8.0% | +1.3% | −18% / −9% |
| BONHR.OLBonheur ASA | 11.2 bn | 7.8 | 17.1% | 11.4% | −10.8% | +17% / +44% |
| AFK.OLArendals Fossekompani Asa | 10.3 bn | — | -2.3% | -3.1% | −14.9% | +39% / +31% |
| B2I.OLB2 Impact Asa | 8.8 bn | 14.3 | 11.0% | 16.4% | +2.6% | +40% / +238% |
| AKVA.OLAkva Group Asa | 5.7 bn | 31.2 | 13.7% | 4.2% | +24.4% | +74% / +152% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| BOUV.OLBouvet Asa | 5.0 bn | 14.2 | 80.7% | 9.2% | −0.2% | −19% / −16% |
| CLOUD.OLCloudberry Clean Energy Asa | 4.0 bn | 61.9 | 1.3% | 13.1% | +34.0% | −5% / +29% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.6 bn | 10.7 | 34.9% | 16.8% | +12.4% | −13% / +20% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −18% / −11% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +61% / +15% |
| APR.OLAppear Asa | 1.4 bn | 10.5 | 30.1% | 16.1% | +32.3% | −53% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 108.9 | 2.9% | 8.6% | +7.9% | −8% / −48% |
| GYL.OLGyldendal Asa | 1.1 bn | 13.0 | 8.6% | 2.8% | +6.8% | −10% / −18% |
| CAPSL.OLCapsol Technologies Asa | 884.6 m | — | -89.4% | -114.8% | −25.0% | −33% / −66% |
| BOR.OLBorgestad Asa | 553.2 m | 36.1 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 234.6 m | 4.8 | 22.1% | 9.3% | +15.7% | −33% / −55% |
| DELIA.OLDellia Group Asa | 73.5 m | 1.5 | 22.6% | 7.7% | +140.0% | −62% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.1 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
1- and 3-year price returns: for GYL.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (NOK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 249.16 Total return -39% · Per year -39% | 440.02 Total return 8% · Per year 8% | 662.15 Total return 62% · Per year 62% |
| 3 years | 253.13 Total return -36% · Per year -14% | 501.92 Total return 25% · Per year 8% | 827.66 Total return 105% · Per year 27% |
| 5 years | 257.17 Total return -34% · Per year -8% | 572.52 Total return 44% · Per year 8% | 1,034.54 Total return 158% · Per year 21% |
- Exit P/E± 125.48
- Net margin± 87.84
- Annual revenue growth± 70.54
- Annual dilution± 7.38
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202521 Oct 2026
- Annual report 202408 May 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.