Home Compare PKN.WA vs SALM.OL
Stock Comparison · Structural lead, mixed market

Orlen vs SalMar A: Which Stock Looks Stronger in 2026?

Orlen holds the cleaner structural position, with valuation as the main driver and growth adding further support. SalMar ASA does not offset that deficit through any equally strong structural edge elsewhere. On the market side, Orlen is in better shape — its trend is intact while SalMar ASA's trend has broken down. That puts structure and market broadly in agreement — Orlen's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-08-16

This is not just a one-metric split: both valuation and growth materially support the lead. Orlen S.A. leads by 24 points on the overall comparison score.

Trajectory Similarity
0.53
Loose match
Peer-set rank: #12
within SalMar ASA's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

The pair still fits the compare framework, though the long-term structural overlap is relatively light.

The strongest overlap appears in revenue stability and operating margin level.

Similarity drivers
revenue stabilityoperating margin level
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
PKN.WA
Orlen S.A.
55
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
SALM.OL
SalMar ASA
31
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: PKN.WA vs SALM.OL Profitability 25 9 Stability 47 36 Valuation 78 38 Growth 74 50 PKN.WA SALM.OL
Gap Ranking
#1 Valuation +40
#2 Growth +24
#3 Profitability +16
#4 Stability +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for PKN.WA and SALM.OL Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer PKN.WASALM.OL Relative valuation Structural strength

Orlen S.A. looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where PKN.WA and SALM.OL each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY PKN.WA Elevated · above norm 0th 50th 100th 47 pct gap SALM.OL Neutral · above norm 0th 50th 100th 99th 52nd
Today SALM.OL sits in the upper-middle of its own 5-year history (52nd percentile), while PKN.WA sits higher in its own history (99th). Within each stock's own 5-year context, SALM.OL is at a historically more favourable entry position than PKN.WA. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Orlen S.A. ranks near the top of the group on valuation; SalMar ASA sits in the weaker half.
Growth
On growth, the same pattern holds: both rank well, but Orlen S.A. still sits higher.
Valuation — Dominant Gap
PKN.WA
78
SALM.OL
38
Gap+40in favour of PKN.WA

The multiple-based pricing edge comes from a trailing P/E that is 20.3 turns lower.

What keeps the gap from being one-sided

SalMar ASA still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

Valuation is the clearest driver, and growth also supports Orlen S.A.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the PKN.WA vs SALM.OL comparison across all dimensions with the full interactive tool.

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Similar valuation-and-growth comparisons

Explore how PKN.WA and SALM.OL each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.