Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NorAm Drilling ASOSL:NORAM -0.81%86 Equity-to-Asset is 0.73 as of Mar. 2026, which is 1% below its 10-year median of 0.74. GuruFocus rates OSL:NORAM with a GF Score™ of 86/100 and a GF Value™ of kr33.65 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,027 Oil & Gas companies, NorAm Drilling AS ranks better than 77.8% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. NorAm Drilling AS's Total Stockholders Equity for the quarter that ended in Mar. 2026 was kr524 Mil. NorAm Drilling AS's Total Assets for the quarter that ended in Mar. 2026 was kr721 Mil.
Therefore, NorAm Drilling AS's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.73.
The historical rank and industry rank for NorAm Drilling AS's Equity-to-Asset or its related term are showing as below:
OSL:NORAM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.74 Max: 0.83
Current: 0.73
During the past 7 years, the highest Equity to Asset Ratio of NorAm Drilling AS was 0.83. The lowest was 0.22. And the median was 0.74.
OSL:NORAM's Equity-to-Asset is ranked better than 77.8% of 1027
companies
in the Oil & Gas industry
Industry Median: 0.49
vs OSL:NORAM: 0.73
NorAm Drilling AS (OSL:NORAM) Equity-to-Asset Explanation
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%.
NorAm Drilling AS Equity-to-Asset Related Terms
NorAm Drilling AS Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS'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.
OSL:NORAM vs SLB, BKR, FTI: Equity-to-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS'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.
NorAm Drilling AS Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS'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.
NorAm Drilling AS'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.
NorAm Drilling AS (OSL:NORAM) has a Equity-to-Asset of 0.73 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on NorAm Drilling AS and its competitors. This is near median its historical median of 0.74. Over the past decade, NorAm Drilling AS's Equity-to-Asset has ranged from 0.22 to 0.83. According to the industry distribution chart, NorAm Drilling AS ranks #228 out of 1027 companies in the Oil & Gas industry, placing it in the top 22.2%.
Is NorAm Drilling AS's Equity-to-Asset too high?
NorAm Drilling AS's current Equity-to-Asset of 0.73 is near median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.83. The Oil & Gas industry median Equity-to-Asset is 0.49. NorAm Drilling AS's value of 0.73 is 49% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #228 out of 1027 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Equity-to-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #228 out of 1027 companies for Equity-to-Asset. This places NorAm Drilling AS in the top 22% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.49. NorAm Drilling AS's value of 0.73 is 49% above this benchmark. Historically, NorAm Drilling AS's own Equity-to-Asset has ranged from 0.22 to 0.83 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.49, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,027 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. NorAm Drilling AS's current Equity-to-Asset of 0.73 is 49% 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 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 NorAm Drilling AS 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. NorAm Drilling AS's current Equity-to-Asset is 0.73, which is near median its own 10-year median of 0.74. 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 kr33.65, compared to a current price of kr42.70 — trading 26.9% above its estimated fair value. The current Equity-to-Asset is 0.73, which is near median its 10-year median of 0.74 and 49% above the Oil & Gas industry median of 0.49. NorAm Drilling AS's overall GF Score™ is 86/100 with 3 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 NorAm Drilling AS (OSL:NORAM), the current Equity-to-Asset is 0.73 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 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 kr42.70 is trading 26.9% above its estimated GF Value™ of kr33.65.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Equity-to-Asset: 0.73 (near median its 10-year median of 0.74)
GF Value™: kr33.65 vs. price of kr42.70 (26.9% above fair value)
Industry Position: 49% above the Oil & Gas median (#228 of 1027)
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.
86GF Score
Get the complete analysis for OSL:NORAM
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:NORAM has been successfully added to your 
