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.
Var Energi ASAVARRY 65 Equity-to-Asset is 0.07 as of Jun. 2026, which is at its 10-year median of 0.07. GuruFocus rates VARRY with a GF Score™ of 65/100 and a GF Value™ of $9.75 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,028 Oil & Gas companies, Var Energi ASA ranks worse than 89.88% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Var Energi ASA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $1,984 Mil. Var Energi ASA's Total Assets for the quarter that ended in Jun. 2026 was $29,743 Mil.
Therefore, Var Energi ASA's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.07.
The historical rank and industry rank for Var Energi ASA's Equity-to-Asset or its related term are showing as below:
VARRY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.41
Current: 0.07
During the past 8 years, the highest Equity to Asset Ratio of Var Energi ASA was 0.41. The lowest was 0.02. And the median was 0.07.
VARRY's Equity-to-Asset is ranked worse than 89.88% of 1028
companies
in the Oil & Gas industry
Industry Median: 0.5
vs VARRY: 0.07
Var Energi ASA (OTCPK:VARRY) 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%.
Var Energi ASA Equity-to-Asset Related Terms
Var Energi ASA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Var Energi 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.
VARRY vs COP, EOG, OXY: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Var Energi 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.
Var Energi ASA Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Var Energi ASA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Var Energi 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.
Var Energi 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.
Var Energi ASA (VARRY) has a Equity-to-Asset of 0.07 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Var Energi ASA and its competitors. This is near median its historical median of 0.07. Over the past decade, Var Energi ASA's Equity-to-Asset has ranged from 0.02 to 0.41. According to the industry distribution chart, Var Energi ASA ranks #924 out of 1028 companies in the Oil & Gas industry, placing it in the top 89.9%.
Is Var Energi ASA's Equity-to-Asset too high?
Var Energi ASA's current Equity-to-Asset of 0.07 is near median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.41. The Oil & Gas industry median Equity-to-Asset is 0.50. Var Energi ASA's value of 0.07 is 86% below this industry median. Based on the distribution chart, Var Energi ASA ranks #924 out of 1028 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Var Energi ASA has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Equity-to-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #924 out of 1028 companies for Equity-to-Asset. This places Var Energi ASA in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Var Energi ASA's value of 0.07 is 86% below this benchmark. Historically, Var Energi ASA's own Equity-to-Asset has ranged from 0.02 to 0.41 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.50, Var Energi 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 0.50, based on 1,028 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. Var Energi ASA's current Equity-to-Asset of 0.07 is 86% 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 Var Energi ASA and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current Equity-to-Asset is 0.07, which is near median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (VARRY) is currently considered Fairly Valued. The stock's GF Value™ is $9.75, compared to a current price of $10.50 — trading 7.7% above its estimated fair value. The current Equity-to-Asset is 0.07, which is near median its 10-year median of 0.07 and 86% below the Oil & Gas industry median of 0.50. Var Energi ASA's overall GF Score™ is 65/100 with 7 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 Var Energi ASA (VARRY), the current Equity-to-Asset is 0.07 as of Jun. 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 Var Energi ASA (VARRY) Overvalued in 2026?
Based on GuruFocus' analysis, Var Energi ASA stock appears to be overvalued.
The current stock price of $10.50 is trading 7.7% above its estimated GF Value™ of $9.75.
GuruFocus considers Var Energi ASA to be Fairly Valued.
Key valuation signals for VARRY:
Equity-to-Asset: 0.07 (near median its 10-year median of 0.07)
GF Value™: $9.75 vs. price of $10.50 (7.7% above fair value)
Industry Position: 86% below the Oil & Gas median (#924 of 1028)
No single metric tells the full story. See the VARRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
65GF Score
Get the complete analysis for VARRY
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
VARRY has been successfully added to your 
