DNO ASADTNOF 79 ROA % is 3.31% as of Mar. 2026, which is 87% above its 10-year median of 1.77. GuruFocus rates DTNOF with a GF Score™ of 79/100 and a GF Value™ of $3.20 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,025 Oil & Gas companies, DNO ASA ranks worse than 58.93% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. DNO ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was $202 Mil.
DNO ASA's average Total Assets over the quarter that ended in Mar. 2026 was $6,106 Mil. Therefore, DNO ASA's annualized ROA % for the quarter that ended in Mar. 2026 was 3.31%.
The historical rank and industry rank for DNO ASA's ROA % or its related term are showing as below:
DTNOF'
s ROA % Range Over the Past 10 Years
Min: -9.37 Med: 1.77 Max: 41.02
Current: 0.47
During the past 13 years, DNO ASA's highest ROA % was 41.02%. The lowest was -9.37%. And the median was 1.77%.
DTNOF's ROA % is ranked worse than 58.93% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs DTNOF: 0.47
DNO ASA (OTCPK:DTNOF) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
DNO ASA ROA % Related Terms
DNO ASA ROA % Historical Data
* Premium members only.
The historical data trend for DNO ASA's ROA % 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, DNO ASA's ROA %, along with its competitors' market caps and ROA % 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.
DNO ASA ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's ROA % distribution charts can be found below:
* The bar in red indicates where DNO ASA's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
DNO ASA (DTNOF) has a ROA % of 3.31% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on DNO ASA and its competitors. This is 87% above median its historical median of 1.77. According to the industry distribution chart, DNO ASA ranks #604 out of 1025 companies in the Oil & Gas industry, placing it in the top 58.9%.
Is DNO ASA's ROA % too high?
DNO ASA's current ROA % of 3.31% is 87% above median its 10-year median of 1.77. The Oil & Gas industry median ROA % is 1.89. DNO ASA's value of 3.31% is 75.1% above this industry median. Based on the distribution chart, DNO ASA ranks #604 out of 1025 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, DNO ASA has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's ROA % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #604 out of 1025 companies for ROA %. This places DNO ASA in the lower half of its industry. The industry median ROA % is 1.89. DNO ASA's value of 3.31% is 75.1% above this benchmark. While the company's 10-year median is 1.77 vs. the industry median of 1.89, DNO ASA 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNO ASA's current ROA % of 3.31% is 75.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on DNO ASA and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNO ASA's current ROA % is 3.31%, which is 87% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNO ASA stock overvalued right now?
Based on GuruFocus' analysis, DNO ASA (DTNOF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.20, compared to a current price of $1.77 — trading 44.6% below its estimated fair value. The current ROA % is 3.31%, which is 87% above median its 10-year median of 1.77 and 75.1% above the Oil & Gas industry median of 1.89. DNO ASA's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For DNO ASA (DTNOF), the current ROA % is 3.31% 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 DNO ASA (DTNOF) Overvalued in 2026?
Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued.
The current stock price of $1.77 is trading 44.6% below its estimated GF Value™ of $3.20.
GuruFocus considers DNO ASA to be Possible Value Trap.
Key valuation signals for DTNOF:
ROA %: 3.31% (87% above median its 10-year median of 1.77)
GF Value™: $3.20 vs. price of $1.77 (44.6% below fair value)
Industry Position: 75.1% above the Oil & Gas median (#604 of 1025)
No single metric tells the full story. See the DTNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DNO ASA is an oil and gas exploration and production company. Its producing assets are located across the North Sea, which generates the majority of the revenue, Kurdistan, and West Africa. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities. The company generates a majority of its revenue from the sale of oil and the rest from tariff income, the sale of gas, and natural gas liquids.
79GF Score
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