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DNO ASACHIX:DNOO 81 Equity-to-Asset is 0.21 as of Mar. 2026, which is 48% below its 10-year median of 0.40. GuruFocus rates CHIX:DNOO with a GF Score™ of 81/100 and a GF Value™ of kr32.10 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,033 Oil & Gas companies, DNO ASA ranks worse than 80.83% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. DNO ASA's Total Stockholders Equity for the quarter that ended in Mar. 2026 was kr12,820 Mil. DNO ASA's Total Assets for the quarter that ended in Mar. 2026 was kr60,015 Mil.
Therefore, DNO ASA's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.21.
The historical rank and industry rank for DNO ASA's Equity-to-Asset or its related term are showing as below:
CHIX:DNOo'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.4 Max: 0.62
Current: 0.21
During the past 13 years, the highest Equity to Asset Ratio of DNO ASA was 0.62. The lowest was 0.21. And the median was 0.40.
CHIX:DNOo's Equity-to-Asset is ranked worse than 80.83% of 1033
companies
in the Oil & Gas industry
Industry Median: 0.49
vs CHIX:DNOo: 0.21
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
DNO ASA Equity-to-Asset Related Terms
DNO ASA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for DNO ASA's Equity-to-Asset 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.
CHIX:DNOO vs COP, EOG, FANG: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, DNO ASA's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
DNO ASA Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where DNO ASA's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
DNO ASA's Equity to Asset Ratio 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.
DNO ASA (CHIX:DNOO) has a Equity-to-Asset of 0.21 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on DNO ASA and its competitors. This is 48% below median its historical median of 0.40. Over the past decade, DNO ASA's Equity-to-Asset has ranged from 0.21 to 0.62. According to the industry distribution chart, DNO ASA ranks #835 out of 1033 companies in the Oil & Gas industry, placing it in the top 80.8%.
Is DNO ASA's Equity-to-Asset too high?
DNO ASA's current Equity-to-Asset of 0.21 is 48% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.62. The Oil & Gas industry median Equity-to-Asset is 0.49. DNO ASA's value of 0.21 is 57.1% below this industry median. Based on the distribution chart, DNO ASA ranks #835 out of 1033 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, DNO ASA has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's Equity-to-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #835 out of 1033 companies for Equity-to-Asset. This places DNO ASA in the lower half of its industry. The industry median Equity-to-Asset is 0.49. DNO ASA's value of 0.21 is 57.1% below this benchmark. Historically, DNO ASA's own Equity-to-Asset has ranged from 0.21 to 0.62 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.49, DNO 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNO ASA's current Equity-to-Asset of 0.21 is 57.1% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on DNO ASA and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNO ASA's current Equity-to-Asset is 0.21, which is 48% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNO ASA stock overvalued right now?
Based on GuruFocus' analysis, DNO ASA (CHIX:DNOO) is currently considered Possible Value Trap. The stock's GF Value™ is kr32.10, compared to a current price of kr16.34 — trading 49.1% below its estimated fair value. The current Equity-to-Asset is 0.21, which is 48% below median its 10-year median of 0.40 and 57.1% below the Oil & Gas industry median of 0.49. DNO ASA's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For DNO ASA (CHIX:DNOO), the current Equity-to-Asset is 0.21 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 DNO ASA (CHIX:DNOO) Overvalued in 2026?
Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued.
The current stock price of kr16.34 is trading 49.1% below its estimated GF Value™ of kr32.10.
GuruFocus considers DNO ASA to be Possible Value Trap.
Key valuation signals for CHIX:DNOO:
Equity-to-Asset: 0.21 (48% below median its 10-year median of 0.40)
GF Value™: kr32.10 vs. price of kr16.34 (49.1% below fair value)
Industry Position: 57.1% below the Oil & Gas median (#835 of 1033)
No single metric tells the full story. See the CHIX:DNOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DNO ASA is an oil and gas exploration and production company. Its producing assets are located across the North Sea, which generates the majority of the revenue, Kurdistan, and West Africa. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities. The company generates a majority of its revenue from the sale of oil and the rest from tariff income, the sale of gas, and natural gas liquids.
81GF Score
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