Erla Eiendom AS
Score · fiscal year 2025
69of 100
How to read this: the company is ahead of 82 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 4 of 18 · What are Morning company classes?
Place in the whole sector: 794 of 7,839 · Eiendom
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 74 and solidity 53 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Erla Eiendom AS is 16 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 53 among 18 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 87.9% (median 11.4%) and equity ratio 37.7% (median 36.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 528 MNOK | 893 MNOK |
| Operating margin | 87.9% | 11.4% |
| Profit margin | 117.3% | 13.2% |
| Return on assets | 12.4% | 8.2% |
| Equity ratio | 37.7% | 36.7% |
| Debt-to-equity | 1.65 | 1.72 |
| Current ratio | 2.09 | 1.33 |
| Revenue growth | 2,550.7% | 7.2% |
| Revenue per employee | 58.61 MNOK | 7.15 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 69, Erla Eiendom AS does better than 82% of companies in the Morning class Large in the same sector (18 companies) in 2025.
Score 2023–2025
- Erla Eiendom AS
- Median: companies in the Morning class Large in the same sector
Erla Eiendom AS has a score of 69 for 2025, rank 794 of 7,839 in the sector.
Strongest: Growth: percentile 88 against peers, revenue growth 2,550.7% against a median of 7.2%. Liquidity: percentile 82 against peers, current ratio 2.09 against a median of 1.33.
No area is clearly below its peers.
Worth a closer look
- The change in operating margin in 2025 was 220.0 percentage points better than for comparable companies: the company +209.7, the industry −10.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Erla Eiendom AS rose by 209.7 percentage points. Comparable companies fell by a median 10.3 points. So the company did 220.0 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Erla Eiendom AS moved the same way as comparable companies 0 times. About 5% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −121.9% | 21.6% | −171.0 percentage points | +8.9 percentage points | −179.9 percentage points |
| 2025 | 87.9% | 11.4% | +209.7 percentage points | −10.3 percentage points | +220.0 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Erla Eiendom AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Erla Eiendom AS rose 209.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | 49.1% | −121.9% | 87.9% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Erla Eiendom AS rose 209.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 49.1% | −121.9% | 87.9% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Erla Eiendom AS rose 209.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | 49.1% | −121.9% | 87.9% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Erla Eiendom AS rose 209.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 49.1% | −121.9% | 87.9% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Erla Eiendom AS rose 209.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | 49.1% | −121.9% | 87.9% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Erla Eiendom AS had an operating margin of 87.9% and an equity ratio of 37.7% in 2025, and ranks 794 of 7,839 in Eiendom.
From 2024 to 2025: revenue grew by 2,551% and the operating margin rose from −121.9% to 87.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 567 MNOK and 1,664 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 1,423 MNOK |
| EV/EBIT | 22.6 | 567 MNOK |
| P/B | 0.9 | 1,664 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 31% for an unlisted company: 20% for lack of marketability and 14% for size (a small-company premium of 1% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.8% of the debt in 2025. The policy rate averaged 4.30 % 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 23.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 74 | weight 30% |
|---|---|---|
| Solidity | 53 | weight 25% |
| Liquidity | 82 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Erla Eiendom AS?
The operating margin was 87.9% in 2025, against a median of 11.4% among companies in the Morning class Large in the same sector. Return on assets was 12.4%.
How solid is Erla Eiendom AS?
The equity ratio was 37.7% in 2025 (median 36.7%). Debt-to-equity was 1.65 (median 1.72).
What is the liquidity of Erla Eiendom AS like?
The current ratio was 2.09 in 2025 (median 1.33).
How does Erla Eiendom AS compare in Eiendom?
Erla Eiendom AS ranks 794 of 7,839 in Eiendom for 2025. Among companies in the Morning class Large it is number 4 of 18. Revenue changed by 2,550.7% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 963820569
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.200)
- Morning company class
- Large
- Employees
- 9 registered 10 June 2026
- Founded
- 25 March 1992 34 years in operation
- Share capital
- 28.58 MNOK
- Business address
- Haakon VIIs gate 6, 0161 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.erlaeiendom.no
- LEI
- 549300KB722JKEGCND42 renews 10 February 2027
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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Erla Eiendom Holding AS (100%)
Ultimate owner: Erla Eiendom Holding AS
- Erla Eiendom Holding AS · 100.0%
Change 2007–2025: no material change in the owners.
Majority owner of: GULLHAUGV. 1-3 AS (100%), Kongensgate 11 Oslo AS (100%), Bolette Brygge 1 AS (100%), Bekkestua Parkering Eiendom AS (100%), Unik Terminal AS (100%), City Danmark AS (100%), City Haugesund AS (100%), Erla Felleskost AS (100%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 5 of them as majority owner. The average index is 41. 0 have negative equity and 2 made a loss in the latest year.
Holds shares in: Unik Terminal AS (100%), Kongensgate 11 Oslo AS (100%), Bolette Brygge 1 AS (100%), DK Loginvest AS (95%), GULLHAUGV. 1-3 AS (100%), City Hus AS (100%), Bekkestua Parkering Eiendom AS (100%), City Danmark AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 37 | 69 | |
| Rank | 1,776 | 5,978 | 794 | |
| Operating margin | 49.1% | −121.9% | 87.9% | |
| Return on assets | 4.4% | 4.1% | 12.4% | |
| Equity ratio | 34.2% | 31.3% | 37.7% | |
| Current ratio | 1.68 | 2.14 | 2.09 | |
| Revenue growth | – | −80.8% | 2,550.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 103.6 MNOK | 19.9 MNOK | 527.5 MNOK |
| Operating profit | 50.9 MNOK | −24.3 MNOK | 463.5 MNOK |
| Profit before tax | 18.2 MNOK | 2.2 MNOK | 618.5 MNOK |
| Tax expense | 3.9 MNOK | −6.4 MNOK | 59.2 MNOK |
| Net profit | 14.3 MNOK | 8.5 MNOK | 559.3 MNOK |
| Financial expenses | 307.7 MNOK | 331.5 MNOK | 257.3 MNOK |
| Total assets | 7,395.8 MNOK | 8,077.0 MNOK | 7,082.0 MNOK |
| Current assets | 703.6 MNOK | 1,024.6 MNOK | 1,131.6 MNOK |
| Equity | 2,526.6 MNOK | 2,528.4 MNOK | 2,672.7 MNOK |
| Retained earnings | 2,399.9 MNOK | 2,401.7 MNOK | 2,545.9 MNOK |
| Total liabilities | 4,869.2 MNOK | 5,548.6 MNOK | 4,409.3 MNOK |
| Current liabilities | 418.9 MNOK | 479.8 MNOK | 540.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 7081871.
Further
Similar companies
- Eiendomsmegler 1 Midt-Norge AS index 69, rank 768 · compare
- Ferncliff Tih AS index 69, rank 770 · compare
- OBOS Eiendomsforvaltning AS index 64, rank 1,374 · compare
- Thongård AS index 57, rank 2,456 · compare
- Eiendomsmegler 1 Sør-Norge AS index 57, rank 2,497 · compare