Appear ASA
Score · fiscal year 2025
85of 100
How to read this: the company is ahead of 99 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 5 of 312 · What are Morning company classes?
Place in the whole sector: 26 of 2,392 · Industri
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 87 and solidity 91 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Appear ASA is 36 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 312 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 22.6% (median 6.3%) and equity ratio 69.1% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 803 MNOK | 1,147 MNOK |
| Operating margin | 22.6% | 6.3% |
| Profit margin | 22.5% | 6.5% |
| Return on assets | 22.7% | 11.5% |
| Equity ratio | 69.1% | 33.3% |
| Debt-to-equity | 0.45 | 1.94 |
| Current ratio | 3.73 | 1.31 |
| Revenue growth | 33.3% | 7.2% |
| Revenue per employee | 4.70 MNOK | 6.01 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 85, Appear ASA does better than 99% of companies in the Morning class Large in the same sector (312 companies) in 2025.
Score 2023–2025
- Appear ASA
- Median: companies in the Morning class Large in the same sector
Appear ASA has a score of 85 for 2025, rank 26 of 2,392 in the sector.
Strongest: Liquidity: percentile 97 against peers, current ratio 3.73 against a median of 1.31. Solidity: percentile 91 against peers, equity ratio 69.1% against a median of 33.3%.
No area is clearly below its peers.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Appear ASA had an operating margin of 22.6% and an equity ratio of 69.1% in 2025, and ranks 26 of 2,392 in Industri.
From 2024 to 2025: the operating margin rose from 11.0% to 22.6% and revenue grew by 33%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 591 MNOK and 1,412 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,380 MNOK |
| EV/EBIT | 8.0 | 1,412 MNOK |
| P/B | 1.0 | 591 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 22.6% (median 6.3%); Equity ratio 69.1% (median 33.3%); Current ratio 3.73 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.2% 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 −0.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 87 | weight 30% |
|---|---|---|
| Solidity | 91 | weight 25% |
| Liquidity | 97 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 83 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Appear ASA?
The operating margin was 22.6% in 2025, against a median of 6.3% among companies in the Morning class Large in the same sector. Return on assets was 22.7%.
How solid is Appear ASA?
The equity ratio was 69.1% in 2025 (median 33.3%). Debt-to-equity was 0.45 (median 1.94).
What is the liquidity of Appear ASA like?
The current ratio was 3.73 in 2025 (median 1.31).
How does Appear ASA compare in Industri?
Appear ASA ranks 26 of 2,392 in Industri for 2025. Among companies in the Morning class Large it is number 5 of 312. Revenue changed by 33.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 986942033
- Legal form
- ASA
- Sector
- Industri (26.300)
- Morning company class
- Large
- Employees
- 171 registered 10 September 2026
- Founded
- 4 June 2004 22 years in operation
- Share capital
- 1.24 MNOK
- Business address
- Lilleakerveien 2B, 0283 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.appear.net
- LEI
- 636700OJYMZPJZ0ZO361 renews 2 April 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 31 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 82 | 81 | 85 | |
| Rank | 166 | 78 | 26 | |
| Operating margin | 7.3% | 11.0% | 22.6% | |
| Return on assets | 14.0% | 20.5% | 22.7% | |
| Equity ratio | 68.5% | 60.8% | 69.1% | |
| Current ratio | 3.08 | 3.08 | 3.73 | |
| Revenue growth | – | 44.1% | 33.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 418.0 MNOK | 602.2 MNOK | 803.0 MNOK |
| Operating profit | 30.6 MNOK | 66.4 MNOK | 181.2 MNOK |
| Profit before tax | 39.5 MNOK | 84.7 MNOK | 180.7 MNOK |
| Net profit | 30.7 MNOK | 66.1 MNOK | 138.0 MNOK |
| Financial expenses | 0.2 MNOK | 2.8 MNOK | 13.7 MNOK |
| Total assets | 283.8 MNOK | 427.1 MNOK | 855.8 MNOK |
| Current assets | 275.6 MNOK | 367.4 MNOK | 720.3 MNOK |
| Equity | 194.4 MNOK | 259.7 MNOK | 591.1 MNOK |
| Retained earnings | 178.6 MNOK | 243.9 MNOK | 480.6 MNOK |
| Total liabilities | 89.4 MNOK | 167.5 MNOK | 264.7 MNOK |
| Current liabilities | 89.4 MNOK | 119.3 MNOK | 192.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7221810.
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