DNO ASADTNOF 79 ROE % is 15.24% as of Mar. 2026, which is 291% above its 10-year median of 3.90. GuruFocus rates DTNOF with a GF Score™ of 79/100 and a GF Value™ of $3.19 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 957 Oil & Gas companies, DNO ASA ranks worse than 60.92% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. DNO ASA's annualized net income for the quarter that ended in Mar. 2026 was $202 Mil. DNO ASA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $1,328 Mil. Therefore, DNO ASA's annualized ROE % for the quarter that ended in Mar. 2026 was 15.24%.
The historical rank and industry rank for DNO ASA's ROE % or its related term are showing as below:
DTNOF'
s ROE % Range Over the Past 10 Years
Min: -27.91 Med: 3.9 Max: 76.76
Current: 2.03
During the past 13 years, DNO ASA's highest ROE % was 76.76%. The lowest was -27.91%. And the median was 3.90%.
DTNOF's ROE % is ranked worse than 60.92% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs DTNOF: 2.03
DNO ASA (OTCPK:DTNOF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
DNO ASA ROE % Related Terms
DNO ASA ROE % Historical Data
* Premium members only.
The historical data trend for DNO ASA's ROE % 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.
For the Oil & Gas E&P subindustry, DNO ASA's ROE %, along with its competitors' market caps and ROE % 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.
DNO ASA ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's ROE % distribution charts can be found below:
* The bar in red indicates where DNO ASA's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
DNO ASA (DTNOF) has a ROE % of 15.24% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on DNO ASA and its competitors. This is 291% above median its historical median of 3.90. According to the industry distribution chart, DNO ASA ranks #583 out of 957 companies in the Oil & Gas industry, placing it in the top 60.9%.
Is DNO ASA's ROE % too high?
DNO ASA's current ROE % of 15.24% is 291% above median its 10-year median of 3.90. The Oil & Gas industry median ROE % is 5.71. DNO ASA's value of 15.24% is 166.9% above this industry median. Based on the distribution chart, DNO ASA ranks #583 out of 957 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, DNO ASA has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #583 out of 957 companies for ROE %. This places DNO ASA in the lower half of its industry. The industry median ROE % is 5.71. DNO ASA's value of 15.24% is 166.9% above this benchmark. While the company's 10-year median is 3.90 vs. the industry median of 5.71, DNO ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNO ASA's current ROE % of 15.24% is 166.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on DNO ASA and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNO ASA's current ROE % is 15.24%, which is 291% above median its own 10-year median of 3.90. 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 (DTNOF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.19, compared to a current price of $1.77 — trading 44.4% below its estimated fair value. The current ROE % is 15.24%, which is 291% above median its 10-year median of 3.90 and 166.9% above the Oil & Gas industry median of 5.71. DNO ASA's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For DNO ASA (DTNOF), the current ROE % is 15.24% 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 DNO ASA (DTNOF) Overvalued in 2026?
Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued.
The current stock price of $1.77 is trading 44.4% below its estimated GF Value™ of $3.19.
GuruFocus considers DNO ASA to be Possible Value Trap.
Key valuation signals for DTNOF:
ROE %: 15.24% (291% above median its 10-year median of 3.90)
GF Value™: $3.19 vs. price of $1.77 (44.4% below fair value)
Industry Position: 166.9% above the Oil & Gas median (#583 of 957)
No single metric tells the full story. See the DTNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
79GF Score
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