Northern OceanNTNOF 45 PS Ratio is 1.06 as of Jul. 09, 2026, which is 28% above its 10-year median of 0.83. GuruFocus rates NTNOF with a GF Score™ of 45/100 and a GF Value™ of $0.40 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 879 Oil & Gas companies, Northern Ocean ranks better than 59.61% 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, Northern Ocean's share price is $0.82.
Northern Ocean's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $0.77. Hence, Northern Ocean's PS Ratio for today is 1.06.
The historical rank and industry rank for Northern Ocean's PS Ratio or its related term are showing as below:
NTNOF'
s PS Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.83 Max: 7.65
Current: 1.04
During the past 7 years, Northern Ocean's highest PS Ratio was 7.65. The lowest was 0.35. And the median was 0.83.
NTNOF's PS Ratio is ranked better than 59.61% of 879
companies
in the Oil & Gas industry
Industry Median: 1.32
vs NTNOF: 1.04
Northern Ocean Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Northern Ocean was -22.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 71.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 7.60% per year.
During the past 7 years, Northern Ocean's highest 3-Year average Revenue per Share Growth Rate was 71.30% per year. The lowest was 3.10% per year. And the median was 10.05% per year.
Back to Basics: PS Ratio
Northern Ocean (OTCPK:NTNOF) 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.
Northern Ocean PS Ratio Related Terms
Northern Ocean PS Ratio Historical Data
* Premium members only.
The historical data trend for Northern Ocean'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 Drilling subindustry, Northern Ocean'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.
Northern Ocean PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Northern Ocean's PS Ratio distribution charts can be found below:
* The bar in red indicates where Northern Ocean'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.
Northern Ocean's Share Price of today is $0.82. Northern Ocean'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 $0.77.
* 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:
Northern Ocean (NTNOF) has a PS Ratio of 1.06 as of Jul. 09, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Northern Ocean and its competitors. This is 28% above median its historical median of 0.83. Over the past decade, Northern Ocean's PS Ratio has ranged from 0.35 to 7.65. According to the industry distribution chart, Northern Ocean ranks #355 out of 879 companies in the Oil & Gas industry, placing it in the top 40.4%.
Is Northern Ocean's PS Ratio too high?
Northern Ocean's current PS Ratio of 1.06 is 28% above median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 7.65. The Oil & Gas industry median PS Ratio is 1.32. Northern Ocean's value of 1.06 is 19.7% below this industry median. Based on the distribution chart, Northern Ocean ranks #355 out of 879 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Northern Ocean has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Ocean's PS Ratio compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Northern Ocean ranks #355 out of 879 companies for PS Ratio. This puts Northern Ocean in the upper half of its industry. The industry median PS Ratio is 1.32. Northern Ocean's value of 1.06 is 19.7% below this benchmark. Historically, Northern Ocean's own PS Ratio has ranged from 0.35 to 7.65 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.32, Northern Ocean 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 1.32, based on 879 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. Northern Ocean's current PS Ratio of 1.06 is 19.7% 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 Northern Ocean and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Ocean's current PS Ratio is 1.06, which is 28% above median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Ocean stock overvalued right now?
Based on GuruFocus' analysis, Northern Ocean (NTNOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.40, compared to a current price of $0.82 — trading 105% above its estimated fair value. The current PS Ratio is 1.06, which is 28% above median its 10-year median of 0.83 and 19.7% below the Oil & Gas industry median of 1.32. Northern Ocean's overall GF Score™ is 45/100 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 Northern Ocean (NTNOF), the current PS Ratio is 1.06 as of Jul. 09, 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 Northern Ocean (NTNOF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Ocean stock appears to be overvalued.
The current stock price of $0.82 is trading 105% above its estimated GF Value™ of $0.40.
GuruFocus considers Northern Ocean to be Significantly Overvalued.
Key valuation signals for NTNOF:
PS Ratio: 1.06 (28% above median its 10-year median of 0.83)
GF Value™: $0.40 vs. price of $0.82 (105% above fair value)
Industry Position: 19.7% below the Oil & Gas median (#355 of 879)
No single metric tells the full story. See the NTNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns a semi-submersible rig, Deepsea Mira. The company earns revenue mainly from drilling contracts for rigs.
45GF Score
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