NorAm Drilling AS (OSL:NORAM) Market Cap : kr1,829 Mil (As of May. 09, 2024)

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What is NorAm Drilling AS Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). NorAm Drilling AS's share price for the quarter that ended in Sep. 2023 was kr52.2. NorAm Drilling AS's Shares Outstanding (EOP) for the quarter that ended in Sep. 2023 was 43 Mil. Therefore, NorAm Drilling AS's market cap for the quarter that ended in Sep. 2023 was kr2,252 Mil.

NorAm Drilling AS's quarterly market cap declined from Mar. 2023 (kr2,535 Mil) to Jun. 2023 (kr2,153 Mil) but then increased from Jun. 2023 (kr2,153 Mil) to Sep. 2023 (kr2,252 Mil).

NorAm Drilling AS's annual market cap stayed the same from Dec. 2020 (kr0 Mil) to Dec. 2021 (kr0 Mil) but then increased from Dec. 2021 (kr0 Mil) to Dec. 2022 (kr2,446 Mil).

Enterprise Value is 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 and cash equivalents. NorAm Drilling AS's Enterprise Value for Today is kr1,686 Mil.

NorAm Drilling AS Market Cap Historical Data

The historical data trend for NorAm Drilling AS's Market Cap 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.

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NorAm Drilling AS Market Cap Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Market Cap

2,446.09

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Market Cap	Get a 7-Day Free Trial						-	2,446.09	2,534.53	2,152.74	2,251.96

Competitive Comparison of NorAm Drilling AS's Market Cap

For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Market Cap distribution charts can be found below:

* The bar in red indicates where NorAm Drilling AS's Market Cap falls into.

NorAm Drilling AS Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

NorAm Drilling AS's Market Cap for the fiscal year that ended in Dec. 2022 is calculated as

Market Cap (A: Dec. 2022 )	=	Share Price (A: Dec. 2022 )	*	Shares Outstanding (EOP) (A: Dec. 2022 )
	=	kr56.7	*	43.141
	=	kr2,446

NorAm Drilling AS's Market Cap for the quarter that ended in Sep. 2023 is calculated as

Market Cap (Q: Sep. 2023 )	=	Share Price (Q: Sep. 2023 )	*	Shares Outstanding (EOP) (Q: Sep. 2023 )
	=	kr52.2	*	43.141
	=	kr2,252

NorAm Drilling AS (OSL:NORAM) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

NorAm Drilling AS Market Cap Related Terms

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NorAm Drilling AS (OSL:NORAM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TM9:Germany

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

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