NorAm Drilling AS (OSL:NORAM) Pre-Tax Income: kr118 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

OSL:NORAM NorAm Drilling AS OSL:NORAM
89 GF Score
Price kr47.20
GF Value kr33.67
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is NorAm Drilling AS Pre-Tax Income?

NorAm Drilling AS OSL:NORAM +4.77% 89 Pre-Tax Income is kr118 Mil as of Mar. 2026. GuruFocus rates OSL:NORAM with a GF Score™ of 89/100 and a GF Value™ of kr33.67 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. NorAm Drilling AS's pretax income for the three months ended in Mar. 2026 was kr30 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2026 was kr118 Mil. NorAm Drilling AS's pretax margin was 11.72%.

During the past 7 years, NorAm Drilling AS's highest Pretax Margin was 19.13%. The lowest was -38.77%. And the median was 3.15%.


NorAm Drilling AS  (OSL:NORAM) Pre-Tax Income Explanation

NorAm Drilling AS's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=29.633/252.91
=11.72%

During the past 7 years, NorAm Drilling AS's highest Pretax Margin was 19.13%. The lowest was -38.77%. And the median was 3.15%.

* 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 Pre-Tax Income Related Terms


NorAm Drilling AS Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for NorAm Drilling AS's Pre-Tax Income 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.

NorAm Drilling AS Pre-Tax Income Chart

NorAm Drilling AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial -175.44 29.75 238.77 49.95 143.25

NorAm Drilling AS Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.15 38.69 28.26 21.53 29.63

OSL:NORAM vs SLB, BKR, FTI: Pre-Tax Income Comparison

For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where NorAm Drilling AS's Pre-Tax Income falls into.


OSL:NORAM
89GF Score
NorAm Drilling AS OSL:NORAM
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NorAm Drilling AS Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

NorAm Drilling AS's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=139.748+0+-0.273+3.123+0.64700000000002
=143

NorAm Drilling AS's Pretax Income for the quarter that ended in Mar. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=28.715+0+0+0.425+0.493
=30

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr118 Mil.

* 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of kr118 Mil mean?
NorAm Drilling AS (OSL:NORAM) has a Pre-Tax Income of kr118 Mil as of Mar. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on NorAm Drilling AS and its competitors.
Is NorAm Drilling AS's Pre-Tax Income too high?
NorAm Drilling AS's current Pre-Tax Income is kr118 Mil. Overall, NorAm Drilling AS has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Pre-Tax Income compare to SLB and BKR?
NorAm Drilling AS's Pre-Tax Income of kr118 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Oil & Gas company?
A good Pre-Tax Income depends on the Oil & Gas industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on NorAm Drilling AS and its competitors. NorAm Drilling AS's current Pre-Tax Income is kr118 Mil. 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 Significantly Overvalued. The stock's GF Value™ is kr33.67, compared to a current price of kr47.20 — trading 40.2% above its estimated fair value. The current Pre-Tax Income is kr118 Mil. NorAm Drilling AS's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current Pre-Tax Income is kr118 Mil 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 kr47.20 is trading 40.2% above its estimated GF Value™ of kr33.67. GuruFocus considers NorAm Drilling AS to be Significantly Overvalued.

Key valuation signals for OSL:NORAM:

  • Pre-Tax Income: kr118 Mil
  • GF Value™: kr33.67 vs. price of kr47.20 (40.2% above fair value)
  • GF Score™: 89/100 with 5 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges TM9:Germany
Address Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112
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.
89GF Score

Get the complete analysis for OSL:NORAM

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr47.20
Price
kr33.67
GF Value