DNO ASA (LTS:0MHP) Cyclically Adjusted PS Ratio: 1.78 (As of Aug. 19, 2026) — 12% Below Median

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LTS:0MHP DNO ASA LTS:0MHP
73 GF Score
Price kr18.19
GF Value kr34.39
Valuation Possible Value Trap
! 5 Warning Signs
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What is DNO ASA Cyclically Adjusted PS Ratio?

DNO ASA LTS:0MHP +0.08% 73 Cyclically Adjusted PS Ratio is 1.78 as of Aug. 19, 2026, which is 12% below its 10-year median of 2.02. GuruFocus rates LTS:0MHP with a GF Score™ of 73/100 and a GF Value™ of kr34.39 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 715 Oil & Gas companies, DNO ASA ranks worse than 64.48% on this metric.

As of today (2026-08-19), DNO ASA's current share price is kr18.19. DNO ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr10.24. DNO ASA's Cyclically Adjusted PS Ratio for today is 1.78.

The historical rank and industry rank for DNO ASA's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0MHP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.77   Med: 2.02   Max: 7.18
Current: 1.77

During the past years, DNO ASA's highest Cyclically Adjusted PS Ratio was 7.18. The lowest was 0.77. And the median was 2.02.

LTS:0MHP's Cyclically Adjusted PS Ratio is ranked worse than
64.48% of 715 companies
in the Oil & Gas industry
Industry Median: 1.05 vs LTS:0MHP: 1.77

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

DNO ASA's adjusted revenue per share data for the three months ended in Jun. 2026 was kr7.475. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr10.24 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DNO ASA  (LTS:0MHP) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


DNO ASA Cyclically Adjusted PS Ratio Related Terms


DNO ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DNO ASA's Cyclically Adjusted PS Ratio 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.

DNO ASA Cyclically Adjusted PS Ratio Chart

DNO ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.14 1.91 1.49 1.44 1.80

DNO ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 1.64 1.83 1.80 2.30 1.59

LTS:0MHP vs COP, EOG, FANG: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, DNO ASA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DNO ASA Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DNO ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where DNO ASA's Cyclically Adjusted PS Ratio falls into.


LTS:0MHP
73GF Score
DNO ASA LTS:0MHP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DNO ASA Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

DNO ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.19/10.24
=1.78

* 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.

DNO ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, DNO ASA's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.475/141.5800*141.5800
=7.475

Current CPI (Jun. 2026) = 141.5800.

DNO ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.372 104.200 0.505
201612 0.336 104.400 0.456
201703 0.607 105.000 0.818
201706 0.536 105.800 0.717
201709 0.532 105.900 0.711
201712 0.969 106.100 1.293
201803 1.202 107.300 1.586
201806 1.122 108.500 1.464
201809 1.346 109.500 1.740
201812 3.033 109.800 3.911
201903 1.675 110.400 2.148
201906 2.187 110.600 2.800
201909 1.955 111.100 2.491
201912 2.473 111.300 3.146
202003 2.156 111.200 2.745
202006 0.704 112.100 0.889
202009 1.531 112.900 1.920
202012 1.555 112.900 1.950
202103 1.481 114.600 1.830
202106 1.591 115.300 1.954
202109 2.250 117.500 2.711
202112 3.651 118.900 4.347
202203 3.075 119.800 3.634
202206 3.603 122.600 4.161
202209 3.577 125.600 4.032
202212 3.272 125.900 3.680
202303 2.846 127.600 3.158
202306 0.646 130.400 0.701
202309 1.551 129.800 1.692
202312 2.156 131.900 2.314
202403 1.987 132.600 2.122
202406 1.491 133.800 1.578
202409 1.858 133.700 1.968
202412 2.033 134.800 2.135
202503 2.055 136.100 2.138
202506 2.660 137.800 2.733
202509 5.576 138.500 5.700
202512 4.992 139.100 5.081
202603 6.214 141.030 6.238
202606 7.475 141.580 7.475

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 1.78 mean?
DNO ASA (LTS:0MHP) has a Cyclically Adjusted PS Ratio of 1.78 as of Aug. 19, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on DNO ASA and its competitors. This is 12% below median its historical median of 2.02. Over the past decade, DNO ASA's Cyclically Adjusted PS Ratio has ranged from 0.77 to 7.18. According to the industry distribution chart, DNO ASA ranks #461 out of 715 companies in the Oil & Gas industry, placing it in the top 64.5%.
Is DNO ASA's Cyclically Adjusted PS Ratio too high?
DNO ASA's current Cyclically Adjusted PS Ratio of 1.78 is 12% below median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 7.18. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.05. DNO ASA's value of 1.78 is 69.5% above this industry median. Based on the distribution chart, DNO ASA ranks #461 out of 715 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, DNO ASA has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #461 out of 715 companies for Cyclically Adjusted PS Ratio. This places DNO ASA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. DNO ASA's value of 1.78 is 69.5% above this benchmark. Historically, DNO ASA's own Cyclically Adjusted PS Ratio has ranged from 0.77 to 7.18 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.05, DNO ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.05, based on 715 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNO ASA's current Cyclically Adjusted PS Ratio of 1.78 is 69.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on DNO ASA and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNO ASA's current Cyclically Adjusted PS Ratio is 1.78, which is 12% below median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNO ASA stock overvalued right now?
Based on GuruFocus' analysis, DNO ASA (LTS:0MHP) is currently considered Possible Value Trap. The stock's GF Value™ is kr34.39, compared to a current price of kr18.19 — trading 47.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.78, which is 12% below median its 10-year median of 2.02 and 69.5% above the Oil & Gas industry median of 1.05. DNO ASA's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For DNO ASA (LTS:0MHP), the current Cyclically Adjusted PS Ratio is 1.78 as of Aug. 19, 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 DNO ASA (LTS:0MHP) Overvalued in 2026?

Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued. The current stock price of kr18.19 is trading 47.1% below its estimated GF Value™ of kr34.39. GuruFocus considers DNO ASA to be Possible Value Trap.

Key valuation signals for LTS:0MHP:

  • Cyclically Adjusted PS Ratio: 1.78 (12% below median its 10-year median of 2.02)
  • GF Value™: kr34.39 vs. price of kr18.19 (47.1% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 69.5% above the Oil & Gas median (#461 of 715)

No single metric tells the full story. See the LTS:0MHP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DNO ASA Business Description

Industry EnergyOil & Gas
Address Dokkveien 1, Aker Brygge, Oslo, NOR, 0250
DNO ASA is an oil and gas exploration and production company. Its producing assets are located across the North Sea, which generates the majority of the revenue, Kurdistan, and West Africa. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities. The company generates a majority of its revenue from the sale of oil and the rest from tariff income, the sale of gas, and natural gas liquids.
73GF Score

Get the complete analysis for LTS:0MHP

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr18.19
Price
kr34.39
GF Value