IKEA AS
Score · fiscal year 2023
45of 100
How to read this: the company is ahead of 45 % of companies in the Morning class Large in the same sector in 2023. What does this mean?
Rank in the Morning class Large: 256 of 465 · What are Morning company classes?
Place in the whole sector: 12,052 of 21,201 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 81 and solidity 23 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology
Against the sector
IKEA AS is 3 points below the median for companies in the Morning class Large in the same sector in 2023.
Median score 48 among 465 companies.
Against companies in the Morning class Large in the same sector in 2023: operating margin 5.6% (median 2.3%) and equity ratio 15.6% (median 28.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8,988 MNOK | 1,081 MNOK |
| Operating margin | 5.6% | 2.3% |
| Profit margin | 5.9% | 2.4% |
| Return on assets | 20.7% | 10.3% |
| Equity ratio | 15.6% | 28.7% |
| Debt-to-equity | 5.39 | 2.46 |
| Current ratio | 0.97 | 1.28 |
| Revenue growth | – | 0.8% |
| Revenue per employee | 3.23 MNOK | 11.26 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 45, IKEA AS does better than 45% of companies in the Morning class Large in the same sector (465 companies) in 2023.
Score 2023–2025
- IKEA AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
IKEA AS had an operating margin of 5.6% and an equity ratio of 15.6% in 2023, and ranks 12,052 of 21,201 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 410 MNOK and 4,155 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 4,155 MNOK |
| EV/EBIT | 8.0 | 4,009 MNOK |
| P/B | 1.0 | 410 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.97 (median 1.28).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.4% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 81 | weight 30% |
|---|---|---|
| Solidity | 23 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 43 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is IKEA AS?
The operating margin was 5.6% in 2023, against a median of 2.3% among companies in the Morning class Large in the same sector. Return on assets was 20.7%.
How solid is IKEA AS?
The equity ratio was 15.6% in 2023 (median 28.7%). Debt-to-equity was 5.39 (median 2.46).
What is the liquidity of IKEA AS like?
The current ratio was 0.97 in 2023 (median 1.28). Current assets did not cover current liabilities.
How does IKEA AS compare in Handel?
IKEA AS ranks 12,052 of 21,201 in Handel for 2023. Among companies in the Morning class Large it is number 256 of 465.
From the Central Coordinating Register
- Org. no.
- 914787521
- Legal form
- AS
- Sector
- Handel (47.551)
- Morning company class
- Large
- Employees
- 2,784 registered 10 October 2026
- Founded
- 18 March 1976 50 years in operation
- Share capital
- 10.00 MNOK
- Business address
- Nesbruveien 42, 1396 BILLINGSTAD (ASKER)
- Municipality
- Asker rank 2 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Reza Safabakhsh Shomali
- Chair of the board
- Stefan Emiel M Vanoverbeke
- Board member
- Reza Safabakhsh Shomali
- Board member
- Valery Christine Denise Henriquez
- Board member
- Ida Maria Christensson
- Board member
- Anna Lilly Maria Gustafsson
- Board member
- Kristin Lilletvedt Roti
- Board member
- Fathima Sheherazad Sheriffdeen
- Board member
- Andreas Wiik Gimre
- Deputy member
- Erik Walør Heggem
- Deputy member
- Natalija Kandic
- Deputy member
- Clarissa Casadei
- Deputy member
- Anna Lovisa Johansson
- Deputy member
- Joachim Jacobsen Dagenborg
- Auditor
- KPMG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 45 | 33 | 35 | |
| Rank | 12,052 | 17,536 | 17,719 | |
| Operating margin | 5.6% | 2.2% | 2.7% | |
| Return on assets | 20.7% | 10.6% | 11.5% | |
| Equity ratio | 15.6% | 15.4% | 17.8% | |
| Current ratio | 0.97 | 0.89 | 0.86 | |
| Revenue growth | – | −2.0% | 0.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8,987.6 MNOK | 8,812.3 MNOK | 8,887.2 MNOK |
| Operating profit | 500.5 MNOK | 194.5 MNOK | 240.7 MNOK |
| Profit before tax | 533.3 MNOK | 245.7 MNOK | 279.5 MNOK |
| Net profit | 415.5 MNOK | 191.2 MNOK | 217.7 MNOK |
| Financial expenses | 8.3 MNOK | 16.8 MNOK | 6.5 MNOK |
| Total assets | 2,620.2 MNOK | 2,479.1 MNOK | 2,476.2 MNOK |
| Current assets | 2,147.0 MNOK | 1,856.5 MNOK | 1,748.4 MNOK |
| Equity | 409.8 MNOK | 382.9 MNOK | 439.6 MNOK |
| Retained earnings | 399.8 MNOK | 372.9 MNOK | 429.6 MNOK |
| Total liabilities | 2,210.4 MNOK | 2,096.2 MNOK | 2,036.5 MNOK |
| Current liabilities | 2,210.4 MNOK | 2,096.2 MNOK | 2,036.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4625755.
Further
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