NorAm Drilling ASOSL:NORAM +4.05%90 Net Margin % is 9.81% as of Mar. 2026, which is 348% above its 10-year median of 2.19. GuruFocus rates OSL:NORAM with a GF Score™ of 90/100 and a GF Value™ of kr33.21 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 916 Oil & Gas companies, NorAm Drilling AS ranks better than 73.14% on this metric.
The historical rank and industry rank for NorAm Drilling AS's Net Margin % or its related term are showing as below:
OSL:NORAM'
s Net Margin % Range Over the Past 10 Years
Min: -37.38 Med: 2.19 Max: 16.25
Current: 12.05
OSL:NORAM's Net Margin % is ranked better than 73.14% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs OSL:NORAM: 12.05
NorAm Drilling AS (OSL:NORAM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NorAm Drilling AS Net Margin % Related Terms
NorAm Drilling AS Net Margin % Historical Data
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The historical data trend for NorAm Drilling AS's Net Margin % 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, HAL: Net Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Net Margin % distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's Net Margin % falls into.
* 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 Net Margin % of 9.81% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NorAm Drilling AS and its competitors. This is 348% above median its historical median of 2.19. According to the industry distribution chart, NorAm Drilling AS ranks #246 out of 916 companies in the Oil & Gas industry, placing it in the top 26.9%.
Is NorAm Drilling AS's Net Margin % too high?
NorAm Drilling AS's current Net Margin % of 9.81% is 348% above median its 10-year median of 2.19. The Oil & Gas industry median Net Margin % is 3.44. NorAm Drilling AS's value of 9.81% is 185.6% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #246 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, NorAm Drilling AS has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Net Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #246 out of 916 companies for Net Margin %. This puts NorAm Drilling AS in the upper half of its industry. The industry median Net Margin % is 3.44. NorAm Drilling AS's value of 9.81% is 185.6% above this benchmark. While the company's 10-year median is 2.19 vs. the industry median of 3.44, 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 Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorAm Drilling AS's current Net Margin % of 9.81% is 185.6% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current Net Margin % is 9.81%, which is 348% above median its own 10-year median of 2.19. 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 kr33.21, compared to a current price of kr39.85 — trading 20% above its estimated fair value. The current Net Margin % is 9.81%, which is 348% above median its 10-year median of 2.19 and 185.6% above the Oil & Gas industry median of 3.44. NorAm Drilling AS's overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current Net Margin % is 9.81% 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 kr39.85 is trading 20% above its estimated GF Value™ of kr33.21.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Net Margin %: 9.81% (348% above median its 10-year median of 2.19)
GF Value™: kr33.21 vs. price of kr39.85 (20% above fair value)
Industry Position: 185.6% above the Oil & Gas median (#246 of 916)
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.
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