NorAm Drilling AS (OSL:NORAM) ROCE %: 20.86% (As of Mar. 2026)


OSL:NORAM NorAm Drilling AS OSL:NORAM
90 GF Score
Price kr39.85
GF Value kr33.21
Valuation Modestly Overvalued
! 3 Warning Signs
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What is NorAm Drilling AS ROCE %?

NorAm Drilling AS OSL:NORAM +4.05% 90 ROCE % is 20.86% as of Mar. 2026. GuruFocus rates OSL:NORAM with a GF Score™ of 90/100 and a GF Value™ of kr33.21 (Modestly Overvalued). The stock has 3 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. NorAm Drilling AS's annualized ROCE % for the quarter that ended in Mar. 2026 was 20.86%.

NorAm Drilling AS  (OSL:NORAM) 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.

NorAm Drilling AS ROCE % Related Terms

NorAm Drilling AS ROCE % Historical Data

* Premium members only.

The historical data trend for NorAm 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.

NorAm Drilling AS ROCE % Chart

NorAm Drilling AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -10.07 9.71 29.24 6.93 23.75

NorAm Drilling AS Quarterly Data
Dec20 Jun21 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 34.24 23.06 17.14 14.79 20.86
OSL:NORAM
90GF Score
NorAm Drilling AS OSL:NORAM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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NorAm Drilling AS ROCE % Calculation

NorAm 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 )
=143.518/( ( (882.799 - 224.105) + (770.944 - 220.947) )/ 2 )
=143.518/( (658.694+549.997)/ 2 )
=143.518/604.3455
=23.75 %

NorAm 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 )
=114.86/( ( (770.944 - 220.947) + (721.391 - 170.03) )/ 2 )
=114.86/( ( 549.997 + 551.361 )/ 2 )
=114.86/550.679
=20.86 %

(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 20.86% mean?
NorAm Drilling AS (OSL:NORAM) has a ROCE % of 20.86% as of Mar. 2026.
Is NorAm Drilling AS's ROCE % too high?
NorAm Drilling AS's current ROCE % is 20.86%. The Oil & Gas industry median ROCE % is 6.79. NorAm Drilling AS's value of 20.86% is 207.2% above this industry median. Overall, NorAm Drilling AS has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's ROCE % compare to SLB and BKR?
NorAm Drilling AS's ROCE % of 20.86% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. NorAm Drilling AS's value of 20.86% is 207.2% 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. NorAm Drilling AS's current ROCE % of 20.86% is 207.2% 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. NorAm Drilling AS's current ROCE % is 20.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.21, compared to a current price of kr39.85 — trading 20% above its estimated fair value. The current ROCE % is 20.86% and 207.2% above the Oil & Gas industry median of 6.79. NorAm Drilling AS's overall GF Score™ is 90/100 with 3 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 NorAm Drilling AS (OSL:NORAM), the current ROCE % is 20.86% 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 NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?

Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued. The current stock price of kr39.85 is trading 20% above its estimated GF Value™ of kr33.21. GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.

Key valuation signals for OSL:NORAM:

  • ROCE %: 20.86%
  • GF Value™: kr33.21 vs. price of kr39.85 (20% above fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 207.2% above the Oil & Gas median

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

NorAm Drilling AS Business Description

Industry EnergyOil & Gas
Other Exchanges TM9:Germany
Address Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
90GF Score

Get the complete analysis for OSL:NORAM

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

kr39.85
Price
kr33.21
GF Value