NTNOF (Northern Ocean) ROE % Adjusted to Book Value: -48.82% (As of Mar. 2026)


NTNOF Northern Ocean Ltd NTNOF
44 GF Score
Price $0.82
GF Value $0.40
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Northern Ocean ROE % Adjusted to Book Value?

Northern Ocean NTNOF 44 ROE % Adjusted to Book Value is -48.82% as of Mar. 2026. GuruFocus rates NTNOF with a GF Score™ of 44/100 and a GF Value™ of $0.40 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Northern Ocean's ROE % for the quarter that ended in Mar. 2026 was -27.83%. Northern Ocean's PB Ratio for the quarter that ended in Mar. 2026 was 0.57. Northern Ocean's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -48.82%.

Northern Ocean ROE % Adjusted to Book Value Related Terms

Northern Ocean ROE % Adjusted to Book Value Historical Data

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The historical data trend for Northern Ocean's ROE % Adjusted to Book Value 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.

Northern Ocean ROE % Adjusted to Book Value Chart

Northern Ocean Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 0.00 -27.33 -33.04 -48.96

Northern Ocean Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -22.20 -35.23 -59.12 -102.94 -48.82

NTNOF vs NE, RIG, VAL: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Drilling subindustry, Northern Ocean's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Northern Ocean ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Northern Ocean's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Northern Ocean's ROE % Adjusted to Book Value falls into.


NTNOF
44GF Score
Northern Ocean Ltd NTNOF
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Ocean ROE % Adjusted to Book Value Calculation

Northern Ocean's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-25.95% / 0.53
=-48.96%

Northern Ocean's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-27.83% / 0.57
=-48.82%

* 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.

What does a ROE % Adjusted to Book Value of -48.82% mean?
Northern Ocean (NTNOF) has a ROE % Adjusted to Book Value of -48.82% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Northern Ocean and its competitors.
Is Northern Ocean's ROE % Adjusted to Book Value too high?
Northern Ocean's current ROE % Adjusted to Book Value is -48.82%. Overall, Northern Ocean has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Ocean's ROE % Adjusted to Book Value compare to NE and RIG?
Northern Ocean's ROE % Adjusted to Book Value of -48.82% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Northern Ocean and its competitors. Northern Ocean's current ROE % Adjusted to Book Value is -48.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Ocean stock overvalued right now?
Based on GuruFocus' analysis, Northern Ocean (NTNOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.40, compared to a current price of $0.82 — trading 105% above its estimated fair value. The current ROE % Adjusted to Book Value is -48.82%. Northern Ocean's overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Northern Ocean (NTNOF), the current ROE % Adjusted to Book Value is -48.82% 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 Northern Ocean (NTNOF) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Ocean stock appears to be overvalued. The current stock price of $0.82 is trading 105% above its estimated GF Value™ of $0.40. GuruFocus considers Northern Ocean to be Significantly Overvalued.

Key valuation signals for NTNOF:

  • ROE % Adjusted to Book Value: -48.82%
  • GF Value™: $0.40 vs. price of $0.82 (105% above fair value)
  • GF Score™: 44/100 with 4 warning signs

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

Northern Ocean Business Description

Industry EnergyOil & Gas
Other Exchanges NOLo:SwedenNOL:Norway
Address 14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08
Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns a semi-submersible rig, Deepsea Mira. The company earns revenue mainly from drilling contracts for rigs.
44GF Score

Get the complete analysis for NTNOF

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

$0.82
Price
$0.40
GF Value