Var Energi ASA (STU:J4V) Construction In Progress: €638 Mil (As of Mar. 2026)

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STU:J4V Var Energi ASA STU:J4V
71 GF Score
Price €4.02
GF Value €3.83
Valuation Fairly Valued
! 4 Warning Signs
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What is Var Energi ASA Construction In Progress?

Var Energi ASA STU:J4V +2.27% 71 Construction In Progress is €638 Mil as of Mar. 2026. GuruFocus rates STU:J4V with a GF Score™ of 71/100 and a GF Value™ of €3.83 (Fairly Valued). The stock has 4 warning signs investors should review.

Var Energi ASA's quarterly construction in progress declined from Sep. 2025 (€924 Mil) to Dec. 2025 (€769 Mil) and declined from Dec. 2025 (€769 Mil) to Mar. 2026 (€638 Mil).

Var Energi ASA's annual construction in progress declined from Dec. 2023 (€5,786 Mil) to Dec. 2024 (€0 Mil) but then increased from Dec. 2024 (€0 Mil) to Dec. 2025 (€769 Mil).

Var Energi ASA Construction In Progress Historical Data

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The historical data trend for Var Energi ASA's Construction In Progress 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.

Var Energi ASA Construction In Progress Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 4,525.39 5,954.29 5,786.49 0.00 768.60

Var Energi ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,371.93 2,376.01 924.42 768.60 638.46
STU:J4V
71GF Score
Var Energi ASA STU:J4V
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Var Energi ASA Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €638 Mil mean?
Var Energi ASA (STU:J4V) has a Construction In Progress of €638 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Var Energi ASA and its competitors.
Is Var Energi ASA's Construction In Progress too high?
Var Energi ASA's current Construction In Progress is €638 Mil. Overall, Var Energi ASA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Construction In Progress compare to COP and EOG?
Var Energi ASA's Construction In Progress of €638 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Var Energi ASA and its competitors. Var Energi ASA's current Construction In Progress is €638 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (STU:J4V) is currently considered Fairly Valued. The stock's GF Value™ is €3.83, compared to a current price of €4.02 — trading 4.9% above its estimated fair value. The current Construction In Progress is €638 Mil. Var Energi ASA's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Var Energi ASA (STU:J4V), the current Construction In Progress is €638 Mil as of Mar. 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 Var Energi ASA (STU:J4V) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be overvalued. The current stock price of €4.02 is trading 4.9% above its estimated GF Value™ of €3.83. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for STU:J4V:

  • Construction In Progress: €638 Mil
  • GF Value™: €3.83 vs. price of €4.02 (4.9% above fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the STU:J4V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Var Energi ASA Business Description

Industry EnergyOil & Gas
Address Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
71GF Score

Get the complete analysis for STU:J4V

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.02
Price
€3.83
GF Value