Equinor ASAFRA:DNQ -0.11%80 PS Ratio is 0.80 as of Jul. 07, 2026, which is 17% below its 10-year median of 0.96. GuruFocus rates FRA:DNQ with a GF Score™ of 80/100 and a GF Value™ of €27.08 (Fairly Valued). The stock has 4 warning signs investors should review. Among 881 Oil & Gas companies, Equinor ASA ranks better than 66.4% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Equinor ASA's share price is €28.25.
Equinor ASA's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €35.23. Hence, Equinor ASA's PS Ratio for today is 0.80.
The historical rank and industry rank for Equinor ASA's PS Ratio or its related term are showing as below:
FRA:DNQ'
s PS Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.96 Max: 1.5
Current: 0.78
During the past 13 years, Equinor ASA's highest PS Ratio was 1.50. The lowest was 0.55. And the median was 0.96.
FRA:DNQ's PS Ratio is ranked better than 66.4% of 881
companies
in the Oil & Gas industry
Industry Median: 1.27
vs FRA:DNQ: 0.78
Equinor ASA revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Equinor ASA was -2.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -3.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 23.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 13.80% per year.
During the past 13 years, Equinor ASA's highest 3-Year average Revenue per Share Growth Rate was 90.20% per year. The lowest was -14.50% per year. And the median was 7.50% per year.
Back to Basics: PS Ratio
Equinor ASA (FRA:DNQ) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Equinor ASA PS Ratio Related Terms
Equinor ASA PS Ratio Historical Data
* Premium members only.
The historical data trend for Equinor ASA's PS 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 Integrated subindustry, Equinor ASA's PS Ratio, along with its competitors' market caps and PS 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.
Equinor ASA PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Equinor ASA's PS Ratio distribution charts can be found below:
* The bar in red indicates where Equinor ASA's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Equinor ASA's Share Price of today is €28.25. Equinor ASA's Revenue per Share 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 €35.23.
* 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:
Equinor ASA (FRA:DNQ) has a PS Ratio of 0.80 as of Jul. 07, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Equinor ASA and its competitors. This is 17% below median its historical median of 0.96. Over the past decade, Equinor ASA's PS Ratio has ranged from 0.55 to 1.50. According to the industry distribution chart, Equinor ASA ranks #296 out of 881 companies in the Oil & Gas industry, placing it in the top 33.6%.
Is Equinor ASA's PS Ratio too high?
Equinor ASA's current PS Ratio of 0.80 is 17% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.50. The Oil & Gas industry median PS Ratio is 1.27. Equinor ASA's value of 0.80 is 37% below this industry median. Based on the distribution chart, Equinor ASA ranks #296 out of 881 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Equinor ASA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #296 out of 881 companies for PS Ratio. This puts Equinor ASA in the upper half of its industry. The industry median PS Ratio is 1.27. Equinor ASA's value of 0.80 is 37% below this benchmark. Historically, Equinor ASA's own PS Ratio has ranged from 0.55 to 1.50 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 1.27, Equinor 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.27, based on 881 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equinor ASA's current PS Ratio of 0.80 is 37% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Equinor ASA and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinor ASA's current PS Ratio is 0.80, which is 17% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Fairly Valued. The stock's GF Value™ is €27.08, compared to a current price of €28.25 — trading 4.3% above its estimated fair value. The current PS Ratio is 0.80, which is 17% below median its 10-year median of 0.96 and 37% below the Oil & Gas industry median of 1.27. Equinor ASA's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Equinor ASA (FRA:DNQ), the current PS Ratio is 0.80 as of Jul. 07, 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?
Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued.
The current stock price of €28.25 is trading 4.3% above its estimated GF Value™ of €27.08.
GuruFocus considers Equinor ASA to be Fairly Valued.
Key valuation signals for FRA:DNQ:
PS Ratio: 0.80 (17% below median its 10-year median of 0.96)
GF Value™: €27.08 vs. price of €28.25 (4.3% above fair value)
Industry Position: 37% below the Oil & Gas median (#296 of 881)
No single metric tells the full story. See the FRA:DNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
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