HAV Group ASAOSL:HAV 63 ROA % is 2.59% as of Mar. 2026, which is 1133% above its 10-year median of 0.21. GuruFocus rates OSL:HAV with a GF Score™ of 63/100 and a GF Value™ of kr12.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,006 Transportation companies, HAV Group ASA ranks worse than 67.5% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. HAV Group ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was kr17.7 Mil.
HAV Group ASA's average Total Assets over the quarter that ended in Mar. 2026 was kr681.2 Mil. Therefore, HAV Group ASA's annualized ROA % for the quarter that ended in Mar. 2026 was 2.59%.
The historical rank and industry rank for HAV Group ASA's ROA % or its related term are showing as below:
OSL:HAV'
s ROA % Range Over the Past 10 Years
Min: -11.24 Med: 0.21 Max: 12.07
Current: 1.65
During the past 9 years, HAV Group ASA's highest ROA % was 12.07%. The lowest was -11.24%. And the median was 0.21%.
OSL:HAV's ROA % is ranked worse than 67.5% of 1006
companies
in the Transportation industry
Industry Median: 3.435
vs OSL:HAV: 1.65
HAV Group ASA (OSL:HAV) 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.
HAV Group ASA ROA % Related Terms
HAV Group ASA ROA % Historical Data
* Premium members only.
The historical data trend for HAV Group 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 Marine Shipping subindustry, HAV Group 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.
HAV Group ASA ROA % vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's ROA % distribution charts can be found below:
* The bar in red indicates where HAV Group 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.
HAV Group ASA (OSL:HAV) has a ROA % of 2.59% 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 HAV Group ASA and its competitors. This is 1133% above median its historical median of 0.21. According to the industry distribution chart, HAV Group ASA ranks #679 out of 1006 companies in the Transportation industry, placing it in the top 67.5%.
Is HAV Group ASA's ROA % too high?
HAV Group ASA's current ROA % of 2.59% is 1133% above median its 10-year median of 0.21. The Transportation industry median ROA % is 3.44. HAV Group ASA's value of 2.59% is 24.6% below this industry median. Based on the distribution chart, HAV Group ASA ranks #679 out of 1006 companies in the Transportation industry, which is below the industry midpoint. Overall, HAV Group ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's ROA % compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #679 out of 1006 companies for ROA %. This places HAV Group ASA in the lower half of its industry. The industry median ROA % is 3.44. HAV Group ASA's value of 2.59% is 24.6% below this benchmark. While the company's 10-year median is 0.21 vs. the industry median of 3.44, HAV Group 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 ROA % for a Transportation company?
The median ROA % among Transportation companies is 3.44, based on 1,006 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. HAV Group ASA's current ROA % of 2.59% is 24.6% 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 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 HAV Group ASA and its competitors. For the Transportation industry, the median ROA % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current ROA % is 2.59%, which is 1133% above median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.47, compared to a current price of kr13.50 — trading 8.3% above its estimated fair value. The current ROA % is 2.59%, which is 1133% above median its 10-year median of 0.21 and 24.6% below the Transportation industry median of 3.44. HAV Group ASA's overall GF Score™ is 63/100 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 HAV Group ASA (OSL:HAV), the current ROA % is 2.59% 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.50 is trading 8.3% above its estimated GF Value™ of kr12.47.
GuruFocus considers HAV Group ASA to be Fairly Valued.
Key valuation signals for OSL:HAV:
ROA %: 2.59% (1133% above median its 10-year median of 0.21)
GF Value™: kr12.47 vs. price of kr13.50 (8.3% above fair value)
Industry Position: 24.6% below the Transportation median (#679 of 1006)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
63GF Score
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