Var Energi ASA (OSL:VAR) ROE % Adjusted to Book Value: 11.24% (As of Mar. 2026)

What is Var Energi ASA ROE % Adjusted to Book Value?

Var Energi ASA OSL:VAR -2.65% 81 ROE % Adjusted to Book Value is 11.24% as of Mar. 2026. GuruFocus rates OSL:VAR with a GF Score™ of 81/100 and a GF Value™ of kr44.63 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Var Energi ASA's ROE % for the quarter that ended in Mar. 2026 was 259.56%. Var Energi ASA's PB Ratio for the quarter that ended in Mar. 2026 was 23.10. Var Energi ASA's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.24%.

Var Energi ASA ROE % Adjusted to Book Value Related Terms

Var Energi ASA ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Var Energi ASA'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.

Var Energi ASA ROE % Adjusted to Book Value Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

Get a 7-Day Free Trial

0.00

11.43

9.00

2.78

7.83

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
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															24.47	10.24	6.66	1.00	11.24

OSL:VAR vs COP, EOG, FANG: ROE % Adjusted to Book Value Comparison

For the Oil & Gas E&P subindustry, Var Energi ASA'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.

Var Energi ASA ROE % Adjusted to Book Value vs Oil & Gas Industry

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

* The bar in red indicates where Var Energi ASA's ROE % Adjusted to Book Value falls into.

Save Embed

81GF Score

Var Energi ASA OSL:VAR

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Var Energi ASA ROE % Adjusted to Book Value Calculation

Var Energi ASA'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
	=	114.04%	/	14.56
	=	7.83%

Var Energi ASA'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
	=	259.56%	/	23.10
	=	11.24%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 11.24% mean?

Var Energi ASA (OSL:VAR) has a ROE % Adjusted to Book Value of 11.24% 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 Var Energi ASA and its competitors.

Is Var Energi ASA's ROE % Adjusted to Book Value too high?

Var Energi ASA's current ROE % Adjusted to Book Value is 11.24%. Overall, Var Energi ASA has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Var Energi ASA's ROE % Adjusted to Book Value compare to COP and EOG?

Var Energi ASA's ROE % Adjusted to Book Value of 11.24% 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 Var Energi ASA and its competitors. Var Energi ASA's current ROE % Adjusted to Book Value is 11.24%. 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 Modestly Undervalued. The stock's GF Value™ is kr44.63, compared to a current price of kr40.10 — trading 10.2% below its estimated fair value. The current ROE % Adjusted to Book Value is 11.24%. Var Energi ASA's overall GF Score™ is 81/100 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 Var Energi ASA (OSL:VAR), the current ROE % Adjusted to Book Value is 11.24% 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 kr40.10 is trading 10.2% below its estimated GF Value™ of kr44.63. GuruFocus considers Var Energi ASA to be Modestly Undervalued.

Key valuation signals for OSL:VAR:

ROE % Adjusted to Book Value: 11.24%
GF Value™: kr44.63 vs. price of kr40.10 (10.2% below fair value)
GF Score™: 81/100 with 4 warning signs

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).

81GF Score

Get the complete analysis for OSL:VAR

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

kr40.10

Price

kr44.63

GF Value

View OSL:VAR Analysis

See ROE % Adjusted to Book Value data for all stocks →