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Var Energi ASAVARRY -0.52%66 Debt-to-Equity is 3.08 as of Jun. 2026, which is at its 10-year median of 3.08. GuruFocus rates VARRY with a GF Score™ of 66/100 and a GF Value™ of $9.46 (Fairly Valued). The stock has 6 warning signs investors should review. Among 798 Oil & Gas companies, Var Energi ASA ranks worse than 93.48% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Var Energi ASA's Debt-to-Equity or its related term are showing as below:
VARRY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 3.08 Max: 11.05
Current: 3.08
During the past 8 years, the highest Debt-to-Equity Ratio of Var Energi ASA was 11.05. The lowest was 0.10. And the median was 3.08.
VARRY's Debt-to-Equity is ranked worse than 93.48% of 798
companies
in the Oil & Gas industry
Industry Median: 0.46
vs VARRY: 3.08
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Var Energi ASA Debt-to-Equity Related Terms
Var Energi ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Var Energi ASA's Debt-to-Equity 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.
VARRY vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Var Energi ASA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Var Energi ASA Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Var Energi ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Var Energi ASA's Debt-to-Equity falls into.
* 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 (VARRY) has a Debt-to-Equity of 3.08 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Var Energi ASA and its competitors. This is near median its historical median of 3.08. Over the past decade, Var Energi ASA's Debt-to-Equity has ranged from 0.10 to 11.05. According to the industry distribution chart, Var Energi ASA ranks #746 out of 798 companies in the Oil & Gas industry, placing it in the top 93.5%.
Is Var Energi ASA's Debt-to-Equity too high?
Var Energi ASA's current Debt-to-Equity of 3.08 is near median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 11.05. The Oil & Gas industry median Debt-to-Equity is 0.46. Var Energi ASA's value of 3.08 is 569.6% above this industry median. Based on the distribution chart, Var Energi ASA ranks #746 out of 798 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Var Energi ASA has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #746 out of 798 companies for Debt-to-Equity. This places Var Energi ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Var Energi ASA's value of 3.08 is 569.6% above this benchmark. Historically, Var Energi ASA's own Debt-to-Equity has ranged from 0.10 to 11.05 over the past decade. While the company's 10-year median is 3.08 vs. the industry median of 0.46, Var Energi 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 Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Var Energi ASA's current Debt-to-Equity of 3.08 is 569.6% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Var Energi ASA and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current Debt-to-Equity is 3.08, which is near median its own 10-year median of 3.08. 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 (VARRY) is currently considered Fairly Valued. The stock's GF Value™ is $9.46, compared to a current price of $9.60 — trading 1.5% above its estimated fair value. The current Debt-to-Equity is 3.08, which is near median its 10-year median of 3.08 and 569.6% above the Oil & Gas industry median of 0.46. Var Energi ASA's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Var Energi ASA (VARRY), the current Debt-to-Equity is 3.08 as of Jun. 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 (VARRY) Overvalued in 2026?
Based on GuruFocus' analysis, Var Energi ASA stock appears to be overvalued.
The current stock price of $9.60 is trading 1.5% above its estimated GF Value™ of $9.46.
GuruFocus considers Var Energi ASA to be Fairly Valued.
Key valuation signals for VARRY:
Debt-to-Equity: 3.08 (near median its 10-year median of 3.08)
GF Value™: $9.46 vs. price of $9.60 (1.5% above fair value)
Industry Position: 569.6% above the Oil & Gas median (#746 of 798)
No single metric tells the full story. See the VARRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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).
66GF Score
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