Var Energi ASA (OSL:VAR) ROCE %: 24.79% (As of Mar. 2026)

What is Var Energi ASA ROCE %?

Var Energi ASA OSL:VAR -1.43% 80 ROCE % is 24.79% as of Mar. 2026. GuruFocus rates OSL:VAR with a GF Score™ of 80/100 and a GF Value™ of kr44.78 (Fairly Valued). 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. Var Energi ASA's annualized ROCE % for the quarter that ended in Mar. 2026 was 24.79%.

Var Energi ASA (OSL:VAR) 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.

Var Energi ASA ROCE % Related Terms

Var Energi ASA ROCE % Historical Data

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The historical data trend for Var Energi 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.

Var Energi ASA ROCE % Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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15.14

37.27

21.23

18.33

19.62

Var Energi 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															24.01	21.20	18.11	14.91	24.79

80GF Score

Var Energi ASA OSL:VAR

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

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Var Energi ASA ROCE % Calculation

Var Energi 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 )
	=	45027.25	/	( ( (245369.951 - 21282.855)	+	(264247.933 - 29421.186) )	/ 2 )
	=	45027.25	/	( (224087.096	+	234826.747)	/ 2 )
	=	45027.25	/	229456.9215
	=	19.62 %

Var Energi 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 )
	=	57140.276	/	( ( (264247.933 - 29421.186)	+	(259954.458 - 33868.847) )	/ 2 )
	=	57140.276	/	( ( 234826.747	+	226085.611 )	/ 2 )
	=	57140.276	/	230456.179
	=	24.79 %

(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 24.79% mean?

Var Energi ASA (OSL:VAR) has a ROCE % of 24.79% as of Mar. 2026.

Is Var Energi ASA's ROCE % too high?

Var Energi ASA's current ROCE % is 24.79%. The Oil & Gas industry median ROCE % is 6.88. Var Energi ASA's value of 24.79% is 260.3% above this industry median. Overall, Var Energi ASA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Var Energi ASA's ROCE % compare to COP and EOG?

Var Energi ASA's ROCE % of 24.79% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. Var Energi ASA's value of 24.79% is 260.3% 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 6.88, based on 976 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. Var Energi ASA's current ROCE % of 24.79% is 260.3% 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 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current ROCE % is 24.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Var Energi ASA stock overvalued right now?

Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Fairly Valued. The stock's GF Value™ is kr44.78, compared to a current price of kr42.06 — trading 6.1% below its estimated fair value. The current ROCE % is 24.79% and 260.3% above the Oil & Gas industry median of 6.88. Var Energi ASA's overall GF Score™ is 80/100 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 Var Energi ASA (OSL:VAR), the current ROCE % is 24.79% 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued. The current stock price of kr42.06 is trading 6.1% below its estimated GF Value™ of kr44.78. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for OSL:VAR:

ROCE %: 24.79%
GF Value™: kr44.78 vs. price of kr42.06 (6.1% below fair value)
GF Score™: 80/100 with 4 warning signs
Industry Position: 260.3% above the Oil & Gas median

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

Var Energi ASA Business Description

Industry Energy Oil & Gas

Comparable Companies XSAT:ABI HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT TPL TSE:1605 EXE OSL:AKRBP TSX:TOU ASX:STO BKK:PTTEP PR OVV

Other Exchanges VARRY:USA VARo:Sweden VARo:UK J4V:Germany

Address Vestre Svanholmen 1, Sandnes, NOR, 4313

Website https://www.varenergi.no

Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).

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kr42.06

Price

kr44.78

GF Value

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