North Energy ASA (FRA:RN2) EBIT: €-4.77 Mil (TTM As of Mar. 2026)

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FRA:RN2 North Energy ASA FRA:RN2
49 GF Score
Price €0.20
GF Value €0.63
Valuation Possible Value Trap
! 5 Warning Signs
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What is North Energy ASA EBIT?

North Energy ASA FRA:RN2 +2.60% 49 EBIT is €-4.77 Mil as of Mar. 2026. GuruFocus rates FRA:RN2 with a GF Score™ of 49/100 and a GF Value™ of €0.63 (Possible Value Trap). The stock has 5 warning signs investors should review.

North Energy ASA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-2.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-4.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. North Energy ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 5.61%. North Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -6,066.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. North Energy ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -31.38%.


North Energy ASA  (FRA:RN2) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

North Energy ASA's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1.404 * ( 1 - 0% )/( (25.602 + 24.432)/ 2 )
=1.404/25.017
=5.61 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

North Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.676/( ( (0.172 + max(-0.2, 0)) + (0.147 + max(-0.157, 0)) )/ 2 )
=-9.676/( ( 0.172 + 0.147 )/ 2 )
=-9.676/0.1595
=-6,066.46 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.002 + 0 + 0.061999999999998) - (0.178 + 0 + 0.086)
=-0.2

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.123 + 0 + 0) - (0.02 + 0 + 0.26)
=-0.157

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

North Energy ASA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-4.773/15.208
=-31.38 %

* 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.


North Energy ASA EBIT Related Terms


North Energy ASA EBIT Historical Data

* Premium members only.

The historical data trend for North Energy ASA's EBIT 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.

North Energy ASA EBIT Chart

North Energy ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.55 -1.22 2.24 5.11 -3.10

North Energy ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 -0.75 0.81 -1.23 -1.93 -2.42

FRA:RN2 vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, North Energy ASA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


North Energy ASA EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North Energy ASA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where North Energy ASA's EV-to-EBIT falls into.


FRA:RN2
49GF Score
North Energy ASA FRA:RN2
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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North Energy ASA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.77 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-4.77 Mil mean?
North Energy ASA (FRA:RN2) has a EBIT of €-4.77 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on North Energy ASA.
Is North Energy ASA's EBIT too high?
North Energy ASA's current EBIT is €-4.77 Mil. Overall, North Energy ASA has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North Energy ASA's EBIT compare to BLK and BX?
North Energy ASA's EBIT of €-4.77 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on North Energy ASA. North Energy ASA's current EBIT is €-4.77 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, North Energy ASA (FRA:RN2) is currently considered Possible Value Trap. The stock's GF Value™ is €0.63, compared to a current price of €0.20 — trading 68.7% below its estimated fair value. The current EBIT is €-4.77 Mil. North Energy ASA's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For North Energy ASA (FRA:RN2), the current EBIT is €-4.77 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 North Energy ASA (FRA:RN2) Overvalued in 2026?

Based on GuruFocus' analysis, North Energy ASA stock appears to be undervalued. The current stock price of €0.20 is trading 68.7% below its estimated GF Value™ of €0.63. GuruFocus considers North Energy ASA to be Possible Value Trap.

Key valuation signals for FRA:RN2:

  • EBIT: €-4.77 Mil
  • GF Value™: €0.63 vs. price of €0.20 (68.7% below fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the FRA:RN2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Energy ASA Business Description

Address Tjuvholmen alle 19, Oslo, NOR, 0252
North Energy ASA is an industrial holding company with a portfolio of independent investments, both listed and unlisted. The Group reports only one business segment, the investment activities. The Company evaluates companies both within the traditional energy industry, as well as emerging sectors such as renewable energy production and related activities.
49GF Score

Get the complete analysis for FRA:RN2

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

€0.20
Price
€0.63
GF Value