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Equinor ASAFRA:DNQ +1.13%78 EV-to-EBIT is 2.97 as of Aug. 07, 2026, which is 20% below its 10-year median of 3.72. GuruFocus rates FRA:DNQ with a GF Score™ of 78/100 and a GF Value™ of €30.34 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 698 Oil & Gas companies, Equinor ASA ranks better than 91.69% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Equinor ASA's Enterprise Value for the quarter that ended in Jun. 2026 was €73,688 Mil.
Equinor ASA's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €29,525 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.
Equinor ASA EV-to-EBIT Related Terms
Equinor ASA EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Equinor ASA's EV-to-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.
For the Oil & Gas Integrated subindustry, Equinor 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.
Equinor ASA EV-to-EBIT vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Equinor ASA's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Equinor ASA's EV-to-EBIT falls into.
Equinor ASA's current Enterprise Value is €87,670 Mil.
Equinor ASA's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €29,525 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.
Equinor ASA (FRA:DNQ) has a EV-to-EBIT of 2.97 as of Aug. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Equinor ASA and its competitors. This is 20% below median its historical median of 3.72. According to the industry distribution chart, Equinor ASA ranks #58 out of 698 companies in the Oil & Gas industry, placing it in the top 8.3%.
Is Equinor ASA's EV-to-EBIT too high?
Equinor ASA's current EV-to-EBIT of 2.97 is 20% below median its 10-year median of 3.72. The Oil & Gas industry median EV-to-EBIT is 11.47. Equinor ASA's value of 2.97 is 74.1% below this industry median. Based on the distribution chart, Equinor ASA ranks #58 out of 698 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Equinor ASA has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's EV-to-EBIT compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #58 out of 698 companies for EV-to-EBIT. This places Equinor ASA in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 11.47. Equinor ASA's value of 2.97 is 74.1% below this benchmark. While the company's 10-year median is 3.72 vs. the industry median of 11.47, Equinor ASA has consistently been below 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 EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.47, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equinor ASA's current EV-to-EBIT of 2.97 is 74.1% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Equinor ASA and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinor ASA's current EV-to-EBIT is 2.97, which is 20% below median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €30.34, compared to a current price of €33.91 — trading 11.8% above its estimated fair value. The current EV-to-EBIT is 2.97, which is 20% below median its 10-year median of 3.72 and 74.1% below the Oil & Gas industry median of 11.47. Equinor ASA's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Equinor ASA (FRA:DNQ), the current EV-to-EBIT is 2.97 as of Aug. 07, 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?
Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued.
The current stock price of €33.91 is trading 11.8% above its estimated GF Value™ of €30.34.
GuruFocus considers Equinor ASA to be Modestly Overvalued.
Key valuation signals for FRA:DNQ:
EV-to-EBIT: 2.97 (20% below median its 10-year median of 3.72)
GF Value™: €30.34 vs. price of €33.91 (11.8% above fair value)
Industry Position: 74.1% below the Oil & Gas median (#58 of 698)
No single metric tells the full story. See the FRA:DNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
78GF Score
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