NorAm Drilling ASOSL:NORAM +1.97%87 PS Ratio is 1.67 as of Jul. 03, 2026, which is 12% above its 10-year median of 1.49. GuruFocus rates OSL:NORAM with a GF Score™ of 87/100 and a GF Value™ of kr33.77 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 879 Oil & Gas companies, NorAm Drilling AS ranks worse than 56.31% 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, NorAm Drilling AS's share price is kr38.85.
NorAm Drilling AS's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was kr23.31. Hence, NorAm Drilling AS's PS Ratio for today is 1.67.
The historical rank and industry rank for NorAm Drilling AS's PS Ratio or its related term are showing as below:
OSL:NORAM'
s PS Ratio Range Over the Past 10 Years
Min: 0.85 Med: 1.49 Max: 4.01
Current: 1.63
During the past 7 years, NorAm Drilling AS's highest PS Ratio was 4.01. The lowest was 0.85. And the median was 1.49.
OSL:NORAM's PS Ratio is ranked worse than 56.31% of 879
companies
in the Oil & Gas industry
Industry Median: 1.28
vs OSL:NORAM: 1.63
NorAm Drilling AS 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 NorAm Drilling AS was -10.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -12.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 19.60% per year.
During the past 7 years, NorAm Drilling AS's highest 3-Year average Revenue per Share Growth Rate was 37.20% per year. The lowest was -12.20% per year. And the median was 30.75% per year.
Back to Basics: PS Ratio
NorAm Drilling AS (OSL:NORAM) 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.
NorAm Drilling AS PS Ratio Related Terms
NorAm Drilling AS PS Ratio Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS'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 Equipment & Services subindustry, NorAm Drilling AS'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.
NorAm Drilling AS PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's PS Ratio distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS'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.
NorAm Drilling AS's Share Price of today is kr38.85. NorAm Drilling AS'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 kr23.31.
* 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:
NorAm Drilling AS (OSL:NORAM) has a PS Ratio of 1.67 as of Jul. 03, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on NorAm Drilling AS and its competitors. This is 12% above median its historical median of 1.49. Over the past decade, NorAm Drilling AS's PS Ratio has ranged from 0.85 to 4.01. According to the industry distribution chart, NorAm Drilling AS ranks #495 out of 879 companies in the Oil & Gas industry, placing it in the top 56.3%.
Is NorAm Drilling AS's PS Ratio too high?
NorAm Drilling AS's current PS Ratio of 1.67 is 12% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 4.01. The Oil & Gas industry median PS Ratio is 1.28. NorAm Drilling AS's value of 1.67 is 30.5% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #495 out of 879 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, NorAm Drilling AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #495 out of 879 companies for PS Ratio. This places NorAm Drilling AS in the lower half of its industry. The industry median PS Ratio is 1.28. NorAm Drilling AS's value of 1.67 is 30.5% above this benchmark. Historically, NorAm Drilling AS's own PS Ratio has ranged from 0.85 to 4.01 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.28, 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.28, 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. NorAm Drilling AS's current PS Ratio of 1.67 is 30.5% 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 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 NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current PS Ratio is 1.67, which is 12% above median its own 10-year median of 1.49. 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 kr33.77, compared to a current price of kr38.85 — trading 15% above its estimated fair value. The current PS Ratio is 1.67, which is 12% above median its 10-year median of 1.49 and 30.5% above the Oil & Gas industry median of 1.28. NorAm Drilling AS's overall GF Score™ is 87/100 with 3 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 NorAm Drilling AS (OSL:NORAM), the current PS Ratio is 1.67 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 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 kr38.85 is trading 15% above its estimated GF Value™ of kr33.77.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
PS Ratio: 1.67 (12% above median its 10-year median of 1.49)
GF Value™: kr33.77 vs. price of kr38.85 (15% above fair value)
Industry Position: 30.5% above the Oil & Gas median (#495 of 879)
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.
87GF Score
Get the complete analysis for OSL:NORAM
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:NORAM has been successfully added to your 
