Dolphin Drilling AS (OSL:DDRIL) ROCE %: 7.38% (As of Mar. 2026)

What is Dolphin Drilling AS ROCE %?

Dolphin Drilling AS OSL:DDRIL +0.40% 64 ROCE % is 7.38% as of Mar. 2026. GuruFocus rates OSL:DDRIL with a GF Score™ of 64/100 and a GF Value™ of kr4.07 (Possible Value Trap). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Dolphin Drilling AS's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.38%.

Dolphin Drilling AS (OSL:DDRIL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Dolphin Drilling AS ROCE % Related Terms

Dolphin Drilling AS ROCE % Historical Data

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The historical data trend for Dolphin Drilling AS's ROCE % 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.

Dolphin Drilling AS ROCE % Chart

Dolphin Drilling AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-60.08

-75.91

-39.77

-89.54

-46.57

Dolphin Drilling AS Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-2.73	-1.62	-50.74	7.65	7.38

64GF Score

Dolphin Drilling AS OSL:DDRIL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Dolphin Drilling AS ROCE % Calculation

Dolphin Drilling AS's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	-440.58	/	( ( (2201.981 - 1184.066)	+	(1823.881 - 949.867) )	/ 2 )
	=	-440.58	/	( (1017.915	+	874.014)	/ 2 )
	=	-440.58	/	945.9645
	=	-46.57 %

Dolphin Drilling AS's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	73.404	/	( ( (1823.881 - 949.867)	+	(1778.148 - 661.614) )	/ 2 )
	=	73.404	/	( ( 874.014	+	1116.534 )	/ 2 )
	=	73.404	/	995.274
	=	7.38 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.38% mean?

Dolphin Drilling AS (OSL:DDRIL) has a ROCE % of 7.38% as of Mar. 2026.

Is Dolphin Drilling AS's ROCE % too high?

Dolphin Drilling AS's current ROCE % is 7.38%. The Oil & Gas industry median ROCE % is 6.79. Dolphin Drilling AS's value of 7.38% is 8.7% above this industry median. Overall, Dolphin Drilling AS has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Dolphin Drilling AS's ROCE % compare to NE and RIG?

Dolphin Drilling AS's ROCE % of 7.38% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Dolphin Drilling AS's value of 7.38% is 8.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dolphin Drilling AS's current ROCE % of 7.38% is 8.7% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolphin Drilling AS's current ROCE % is 7.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Dolphin Drilling AS stock overvalued right now?

Based on GuruFocus' analysis, Dolphin Drilling AS (OSL:DDRIL) is currently considered Possible Value Trap. The stock's GF Value™ is kr4.07, compared to a current price of kr2.50 — trading 38.6% below its estimated fair value. The current ROCE % is 7.38% and 8.7% above the Oil & Gas industry median of 6.79. Dolphin Drilling AS's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Dolphin Drilling AS (OSL:DDRIL), the current ROCE % is 7.38% 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 Dolphin Drilling AS (OSL:DDRIL) Overvalued in 2026?

Based on GuruFocus' analysis, Dolphin Drilling AS stock appears to be undervalued. The current stock price of kr2.50 is trading 38.6% below its estimated GF Value™ of kr4.07. GuruFocus considers Dolphin Drilling AS to be Possible Value Trap.

Key valuation signals for OSL:DDRIL:

ROCE %: 7.38%
GF Value™: kr4.07 vs. price of kr2.50 (38.6% below fair value)
GF Score™: 64/100 with 2 warning signs
Industry Position: 8.7% above the Oil & Gas median

No single metric tells the full story. See the OSL:DDRIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dolphin Drilling AS Business Description

Industry Energy Oil & Gas

Comparable Companies OSL:DVD OSL:OTL OSL:NOL OSL:ARCH OSL:VTURA ADX:ADNOCDRILL NE RIG VAL SAU:2382 SHSE:600871 PTEN HP SDRL OSL:ODL SOC SAU:2381 BORR NBR TSX:PD

Other Exchanges 5DP:Germany

Address Vestre Svanholmen 12, Sandnes, NOR, 4313

Website https://www.dolphindrilling.no

Dolphin Drilling AS is organised into one segment; drilling services to the offshore oil and gas offshore industry. The company has presence in United Kingdom, India, Nigeria, Norway, and Others. The company generates majority of revenue from India.

64GF Score

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kr2.50

Price

kr4.07

GF Value

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