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Var Energi ASAOSL:VAR +3.02%80 PS Ratio is 1.24 as of Jul. 13, 2026, which is 13% above its 10-year median of 1.10. GuruFocus rates OSL:VAR with a GF Score™ of 80/100 and a GF Value™ of kr44.84 (Fairly Valued). The stock has 4 warning signs investors should review. Among 879 Oil & Gas companies, Var Energi ASA ranks better than 53.24% 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, Var Energi ASA's share price is kr43.33.
Var Energi ASA's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was kr34.94. Hence, Var Energi ASA's PS Ratio for today is 1.24.
The historical rank and industry rank for Var Energi ASA's PS Ratio or its related term are showing as below:
OSL:VAR'
s PS Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.1 Max: 1.74
Current: 1.24
During the past 8 years, Var Energi ASA's highest PS Ratio was 1.74. The lowest was 0.64. And the median was 1.10.
OSL:VAR's PS Ratio is ranked better than 53.24% of 879
companies
in the Oil & Gas industry
Industry Median: 1.31
vs OSL:VAR: 1.24
Var Energi 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 Var Energi ASA was 11.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -5.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 21.50% per year.
During the past 8 years, Var Energi ASA's highest 3-Year average Revenue per Share Growth Rate was 56.00% per year. The lowest was -5.90% per year. And the median was 28.70% per year.
Back to Basics: PS Ratio
Var Energi ASA (OSL:VAR) 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.
Var Energi ASA PS Ratio Related Terms
Var Energi ASA PS Ratio Historical Data
* Premium members only.
The historical data trend for Var Energi 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 E&P subindustry, Var Energi 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.
Var Energi ASA PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Var Energi ASA's PS Ratio distribution charts can be found below:
* The bar in red indicates where Var Energi 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.
Var Energi ASA's Share Price of today is kr43.33. Var Energi 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 kr34.94.
* 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:
Var Energi ASA (OSL:VAR) has a PS Ratio of 1.24 as of Jul. 13, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Var Energi ASA and its competitors. This is 13% above median its historical median of 1.10. Over the past decade, Var Energi ASA's PS Ratio has ranged from 0.64 to 1.74. According to the industry distribution chart, Var Energi ASA ranks #411 out of 879 companies in the Oil & Gas industry, placing it in the top 46.8%.
Is Var Energi ASA's PS Ratio too high?
Var Energi ASA's current PS Ratio of 1.24 is 13% above median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.74. The Oil & Gas industry median PS Ratio is 1.31. Var Energi ASA's value of 1.24 is 5.3% below this industry median. Based on the distribution chart, Var Energi ASA ranks #411 out of 879 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Var Energi 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 Var Energi ASA's PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #411 out of 879 companies for PS Ratio. This puts Var Energi ASA in the upper half of its industry. The industry median PS Ratio is 1.31. Var Energi ASA's value of 1.24 is 5.3% below this benchmark. Historically, Var Energi ASA's own PS Ratio has ranged from 0.64 to 1.74 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.31, Var Energi 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 1.31, 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. Var Energi ASA's current PS Ratio of 1.24 is 5.3% 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 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 Var Energi ASA and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current PS Ratio is 1.24, which is 13% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Fairly Valued. The stock's GF Value™ is kr44.84, compared to a current price of kr43.33 — trading 3.4% below its estimated fair value. The current PS Ratio is 1.24, which is 13% above median its 10-year median of 1.10 and 5.3% below the Oil & Gas industry median of 1.31. Var Energi 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 Var Energi ASA (OSL:VAR), the current PS Ratio is 1.24 as of Jul. 13, 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?
Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued.
The current stock price of kr43.33 is trading 3.4% below its estimated GF Value™ of kr44.84.
GuruFocus considers Var Energi ASA to be Fairly Valued.
Key valuation signals for OSL:VAR:
PS Ratio: 1.24 (13% above median its 10-year median of 1.10)
GF Value™: kr44.84 vs. price of kr43.33 (3.4% below fair value)
Industry Position: 5.3% below the Oil & Gas median (#411 of 879)
No single metric tells the full story. See the OSL:VAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
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