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NorAm Drilling ASOSL:NORAM +0.93%87 EV-to-OCF is 12.38 as of Aug. 09, 2026, which is 124% above its 10-year median of 5.52. GuruFocus rates OSL:NORAM with a GF Score™ of 87/100 and a GF Value™ of kr33.33 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,025 Oil & Gas companies, NorAm Drilling AS ranks worse than 76.59% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, NorAm Drilling AS's Enterprise Value is kr1,780 Mil.
NorAm Drilling AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was kr144 Mil. Therefore, NorAm Drilling AS's EV-to-OCF for today is 12.38.
The historical rank and industry rank for NorAm Drilling AS's EV-to-OCF or its related term are showing as below:
OSL:NORAM'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.72 Med: 5.52 Max: 28.32
Current: 12.38
During the past 7 years, the highest EV-to-OCF of NorAm Drilling AS was 28.32. The lowest was 2.72. And the median was 5.52.
OSL:NORAM's EV-to-OCF is ranked worse than 76.59% of 1025
companies
in the Oil & Gas industry
Industry Median: 5.67
vs OSL:NORAM: 12.38
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NorAm Drilling AS (OSL:NORAM) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NorAm Drilling AS's PE Ratio (TTM) for today is calculated as:
NorAm Drilling AS's share price for today is kr43.35.
NorAm Drilling AS's Earnings per Share (Diluted) 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 kr2.784.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
NorAm Drilling AS EV-to-OCF Related Terms
NorAm Drilling AS EV-to-OCF Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS's EV-to-OCF 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 Equipment & Services subindustry, NorAm Drilling AS's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
NorAm Drilling AS EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's EV-to-OCF falls into.
NorAm Drilling AS's current Enterprise Value is kr1,780 Mil.
NorAm Drilling AS's Cash Flow from Operations 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 kr144 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.
NorAm Drilling AS (OSL:NORAM) has a EV-to-OCF of 12.38 as of Aug. 09, 2026. This is 124% above median its historical median of 5.52. Over the past decade, NorAm Drilling AS's EV-to-OCF has ranged from 2.72 to 28.32. According to the industry distribution chart, NorAm Drilling AS ranks #785 out of 1025 companies in the Oil & Gas industry, placing it in the top 76.6%.
Is NorAm Drilling AS's EV-to-OCF too high?
NorAm Drilling AS's current EV-to-OCF of 12.38 is 124% above median its 10-year median of 5.52. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 28.32. The Oil & Gas industry median EV-to-OCF is 5.67. NorAm Drilling AS's value of 12.38 is 118.3% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #785 out of 1025 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's EV-to-OCF compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #785 out of 1025 companies for EV-to-OCF. This places NorAm Drilling AS in the lower half of its industry. The industry median EV-to-OCF is 5.67. NorAm Drilling AS's value of 12.38 is 118.3% above this benchmark. Historically, NorAm Drilling AS's own EV-to-OCF has ranged from 2.72 to 28.32 over the past decade. While the company's 10-year median is 5.52 vs. the industry median of 5.67, NorAm Drilling AS 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 EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.67, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorAm Drilling AS's current EV-to-OCF of 12.38 is 118.3% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current EV-to-OCF is 12.38, which is 124% above median its own 10-year median of 5.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.33, compared to a current price of kr43.35 — trading 30.1% above its estimated fair value. The current EV-to-OCF is 12.38, which is 124% above median its 10-year median of 5.52 and 118.3% above the Oil & Gas industry median of 5.67. NorAm Drilling AS's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current EV-to-OCF is 12.38 as of Aug. 09, 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 NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?
Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued.
The current stock price of kr43.35 is trading 30.1% above its estimated GF Value™ of kr33.33.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
EV-to-OCF: 12.38 (124% above median its 10-year median of 5.52)
GF Value™: kr33.33 vs. price of kr43.35 (30.1% above fair value)
Industry Position: 118.3% above the Oil & Gas median (#785 of 1025)
No single metric tells the full story. See the OSL:NORAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
87GF Score
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