Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
HAV Group ASAOSL:HAV -2.08%70 EV-to-EBITDA is 5.58 as of Aug. 11, 2026, which is 121% above its 10-year median of 2.52. GuruFocus rates OSL:HAV with a GF Score™ of 70/100 and a GF Value™ of kr12.56 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 899 Transportation companies, HAV Group ASA ranks better than 73.3% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, HAV Group ASA's enterprise value is kr358.9 Mil.
HAV Group ASA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was kr64.4 Mil. Therefore, HAV Group ASA's EV-to-EBITDA for today is 5.58.
The historical rank and industry rank for HAV Group ASA's EV-to-EBITDA or its related term are showing as below:
OSL:HAV'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -51.2 Med: 2.52 Max: 93.56
Current: 5.58
During the past 9 years, the highest EV-to-EBITDA of HAV Group ASA was 93.56. The lowest was -51.20. And the median was 2.52.
OSL:HAV's EV-to-EBITDA is ranked better than 73.3% of 899
companies
in the Transportation industry
Industry Median: 8.66
vs OSL:HAV: 5.58
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
HAV Group ASA's PE Ratio (TTM) for today is calculated as:
HAV Group ASA's share price for today is kr14.10.
HAV Group ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr0.330.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for HAV Group ASA's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Marine Shipping subindustry, HAV Group ASA's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HAV Group ASA EV-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where HAV Group ASA's EV-to-EBITDA falls into.
HAV Group ASA's current Enterprise Value is kr358.9 Mil.
HAV Group ASA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr64.4 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAV Group ASA (OSL:HAV) has a EV-to-EBITDA of 5.58 as of Aug. 11, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on HAV Group ASA. This is 121% above median its historical median of 2.52. According to the industry distribution chart, HAV Group ASA ranks #240 out of 899 companies in the Transportation industry, placing it in the top 26.7%.
Is HAV Group ASA's EV-to-EBITDA too high?
HAV Group ASA's current EV-to-EBITDA of 5.58 is 121% above median its 10-year median of 2.52. The Transportation industry median EV-to-EBITDA is 8.66. HAV Group ASA's value of 5.58 is 35.6% below this industry median. Based on the distribution chart, HAV Group ASA ranks #240 out of 899 companies in the Transportation industry, which is above the industry midpoint. Overall, HAV Group ASA has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's EV-to-EBITDA compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #240 out of 899 companies for EV-to-EBITDA. This puts HAV Group ASA in the upper half of its industry. The industry median EV-to-EBITDA is 8.66. HAV Group ASA's value of 5.58 is 35.6% below this benchmark. While the company's 10-year median is 2.52 vs. the industry median of 8.66, HAV Group ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Transportation company?
The median EV-to-EBITDA among Transportation companies is 8.66, based on 899 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HAV Group ASA's current EV-to-EBITDA of 5.58 is 35.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on HAV Group ASA. For the Transportation industry, the median EV-to-EBITDA is 8.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current EV-to-EBITDA is 5.58, which is 121% above median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Modestly Overvalued. The stock's GF Value™ is kr12.56, compared to a current price of kr14.10 — trading 12.3% above its estimated fair value. The current EV-to-EBITDA is 5.58, which is 121% above median its 10-year median of 2.52 and 35.6% below the Transportation industry median of 8.66. HAV Group ASA's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For HAV Group ASA (OSL:HAV), the current EV-to-EBITDA is 5.58 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr14.10 is trading 12.3% above its estimated GF Value™ of kr12.56.
GuruFocus considers HAV Group ASA to be Modestly Overvalued.
Key valuation signals for OSL:HAV:
EV-to-EBITDA: 5.58 (121% above median its 10-year median of 2.52)
GF Value™: kr12.56 vs. price of kr14.10 (12.3% above fair value)
Industry Position: 35.6% below the Transportation median (#240 of 899)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
70GF Score
Get the complete analysis for OSL:HAV
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:HAV has been successfully added to your 
