DNO ASADTNOF +2.24%75 PB Ratio is 1.21 as of Jul. 03, 2026, which is 8% above its 10-year median of 1.12. GuruFocus rates DTNOF with a GF Score™ of 75/100 and a GF Value™ of $3.23 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 923 Oil & Gas companies, DNO ASA ranks better than 57.2% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-03), DNO ASA's share price is $1.646. DNO ASA's Book Value per Share for the quarter that ended in Mar. 2026 was $1.36. Hence, DNO ASA's PB Ratio of today is 1.21.
The historical rank and industry rank for DNO ASA's PB Ratio or its related term are showing as below:
DTNOF'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 1.12 Max: 3.99
Current: 1.18
During the past 13 years, DNO ASA's highest PB Ratio was 3.99. The lowest was 0.26. And the median was 1.12.
DTNOF's PB Ratio is ranked better than 57.2% of 923
companies
in the Oil & Gas industry
Industry Median: 1.38
vs DTNOF: 1.18
During the past 12 months, DNO ASA's average Book Value Per Share Growth Rate was 12.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of DNO ASA was 156.50% per year. The lowest was -11.50% per year. And the median was 16.20% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
DNO ASA PB Ratio Related Terms
DNO ASA PB Ratio Historical Data
* Premium members only.
The historical data trend for DNO ASA's PB Ratio 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.
For the Oil & Gas E&P subindustry, DNO ASA's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where DNO ASA's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
DNO ASA's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
DNO ASA (DTNOF) has a PB Ratio of 1.21 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on DNO ASA and its competitors. This is near median its historical median of 1.12. Over the past decade, DNO ASA's PB Ratio has ranged from 0.26 to 3.99. According to the industry distribution chart, DNO ASA ranks #395 out of 923 companies in the Oil & Gas industry, placing it in the top 42.8%.
Is DNO ASA's PB Ratio too high?
DNO ASA's current PB Ratio of 1.21 is near median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 3.99. The Oil & Gas industry median PB Ratio is 1.38. DNO ASA's value of 1.21 is 12.3% below this industry median. Based on the distribution chart, DNO ASA ranks #395 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, DNO ASA has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #395 out of 923 companies for PB Ratio. This puts DNO ASA in the upper half of its industry. The industry median PB Ratio is 1.38. DNO ASA's value of 1.21 is 12.3% below this benchmark. Historically, DNO ASA's own PB Ratio has ranged from 0.26 to 3.99 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.38, 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 PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.38, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNO ASA's current PB Ratio of 1.21 is 12.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on DNO ASA and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNO ASA's current PB Ratio is 1.21, which is near median its own 10-year median of 1.12. 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 (DTNOF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.23, compared to a current price of $1.65 — trading 49% below its estimated fair value. The current PB Ratio is 1.21, which is near median its 10-year median of 1.12 and 12.3% below the Oil & Gas industry median of 1.38. DNO ASA's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For DNO ASA (DTNOF), the current PB Ratio is 1.21 as of Jul. 03, 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 (DTNOF) Overvalued in 2026?
Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued.
The current stock price of $1.65 is trading 49% below its estimated GF Value™ of $3.23.
GuruFocus considers DNO ASA to be Possible Value Trap.
Key valuation signals for DTNOF:
PB Ratio: 1.21 (near median its 10-year median of 1.12)
GF Value™: $3.23 vs. price of $1.65 (49% below fair value)
Industry Position: 12.3% below the Oil & Gas median (#395 of 923)
No single metric tells the full story. See the DTNOF 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.
75GF Score
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