DNO ASA (OSL:DNO) ROCE %: 23.14% (As of Mar. 2026)


OSL:DNO DNO ASA OSL:DNO
86 GF Score
Price kr16.72
GF Value kr30.56
Valuation Possible Value Trap
! 4 Warning Signs
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What is DNO ASA ROCE %?

DNO ASA OSL:DNO -0.36% 86 ROCE % is 23.14% as of Mar. 2026. GuruFocus rates OSL:DNO with a GF Score™ of 86/100 and a GF Value™ of kr30.56 (Possible Value Trap). The stock has 4 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. DNO ASA's annualized ROCE % for the quarter that ended in Mar. 2026 was 23.14%.

DNO ASA  (OSL:DNO) 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.

DNO ASA ROCE % Related Terms

DNO ASA ROCE % Historical Data

* Premium members only.

The historical data trend for DNO ASA'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.

DNO ASA ROCE % Chart

DNO ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.01 17.90 9.63 2.49 13.66

DNO ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.59 8.97 20.03 14.93 23.14
OSL:DNO
86GF Score
DNO ASA OSL:DNO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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DNO ASA ROCE % Calculation

DNO ASA'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 )
=5291.973/( ( (33280.828 - 3970.9) + (60624.218 - 12434.519) )/ 2 )
=5291.973/( (29309.928+48189.699)/ 2 )
=5291.973/38749.8135
=13.66 %

DNO ASA'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 )
=10894.9/( ( (60624.218 - 12434.519) + (60014.677 - 14023.321) )/ 2 )
=10894.9/( ( 48189.699 + 45991.356 )/ 2 )
=10894.9/47090.5275
=23.14 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 23.14% mean?
DNO ASA (OSL:DNO) has a ROCE % of 23.14% as of Mar. 2026.
Is DNO ASA's ROCE % too high?
DNO ASA's current ROCE % is 23.14%. The Oil & Gas industry median ROCE % is 6.79. DNO ASA's value of 23.14% is 240.8% above this industry median. Overall, DNO ASA has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's ROCE % compare to COP and EOG?
DNO ASA's ROCE % of 23.14% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. DNO ASA's value of 23.14% is 240.8% 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. DNO ASA's current ROCE % of 23.14% is 240.8% 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. DNO ASA's current ROCE % is 23.14%. 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 (OSL:DNO) is currently considered Possible Value Trap. The stock's GF Value™ is kr30.56, compared to a current price of kr16.72 — trading 45.3% below its estimated fair value. The current ROCE % is 23.14% and 240.8% above the Oil & Gas industry median of 6.79. DNO ASA's overall GF Score™ is 86/100 with 4 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 DNO ASA (OSL:DNO), the current ROCE % is 23.14% 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 (OSL:DNO) Overvalued in 2026?

Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued. The current stock price of kr16.72 is trading 45.3% below its estimated GF Value™ of kr30.56. GuruFocus considers DNO ASA to be Possible Value Trap.

Key valuation signals for OSL:DNO:

  • ROCE %: 23.14%
  • GF Value™: kr30.56 vs. price of kr16.72 (45.3% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 240.8% above the Oil & Gas median

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

DNO ASA Business Description

Industry EnergyOil & Gas
Address Dokkveien 1, Aker Brygge, Oslo, NOR, 0250
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.
86GF Score

Get the complete analysis for OSL:DNO

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr16.72
Price
kr30.56
GF Value