Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Equinor ASA's Enterprise Value is €79,011 Mil.
Equinor ASA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €23,136 Mil. Therefore, Equinor ASA's EV-to-EBIT ratio for today is 3.42.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Equinor ASA's Enterprise Value is €79,011 Mil.
Equinor ASA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €34,041 Mil. Therefore, Equinor ASA's EV-to-EBITDA ratio for today is 2.32.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Equinor ASA's Enterprise Value is €79,011 Mil.
Equinor ASA's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €89,618 Mil. Therefore, Equinor ASA's EV-to-Revenue ratio for today is 0.88.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Equinor ASA's Enterprise Value is €79,011 Mil.
Equinor ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,764 Mil. Therefore, Equinor ASA's EV-to-FCF ratio for today is 44.80.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Equinor ASA (FRA:DNQ) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Equinor ASA's current Enterprise Value is €79,011 Mil.
Equinor ASA's 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 €23,136 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Equinor ASA's current Enterprise Value is €79,011 Mil.
Equinor ASA's EBITDA 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 €34,041 Mil.
Equinor ASA's current Enterprise Value is €79,011 Mil.
Equinor ASA's Revenue 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 €89,618 Mil.
Equinor ASA's current Enterprise Value is €79,011 Mil.
Equinor ASA'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 €13,862 Mil.
Equinor ASA's current Enterprise Value is €79,011 Mil.
Equinor ASA's Free Cash Flow 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 €1,764 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 Enterprise Value Related Terms
Equinor ASA Enterprise Value Historical Data
* Premium members only.
The historical data trend for Equinor ASA's Enterprise Value 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 Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Equinor ASA's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Equinor ASA's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Equinor ASA's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of €79,011 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Equinor ASA and its competitors.
Is Equinor ASA's Enterprise Value too high?
Equinor ASA's current Enterprise Value is €79,011 Mil. Overall, Equinor ASA has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's Enterprise Value compare to XOM and CVX?
Equinor ASA's Enterprise Value of €79,011 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Equinor ASA and its competitors. Equinor ASA's current Enterprise Value is €79,011 Mil. 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 Fairly Valued. The stock's GF Value™ is €26.29, compared to a current price of €27.31 — trading 3.9% above its estimated fair value. The current Enterprise Value is €79,011 Mil. Equinor ASA's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Equinor ASA (FRA:DNQ), the current Enterprise Value is €79,011 Mil as of Jun. 29, 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 €27.31 is trading 3.9% above its estimated GF Value™ of €26.29.
GuruFocus considers Equinor ASA to be Fairly Valued.
Key valuation signals for FRA:DNQ:
Enterprise Value: €79,011 Mil
GF Value™: €26.29 vs. price of €27.31 (3.9% above fair value)
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.
79GF Score
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