NorAm Drilling ASOSL:NORAM -2.26%90 ROE % is 18.98% as of Mar. 2026, which is 409% above its 10-year median of 3.73. 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. Among 957 Oil & Gas companies, NorAm Drilling AS ranks better than 84.43% on this metric.
The historical rank and industry rank for NorAm Drilling AS's ROE % or its related term are showing as below:
OSL:NORAM'
s ROE % Range Over the Past 10 Years
Min: -48.66 Med: 3.73 Max: 26.7
Current: 21.09
During the past 7 years, NorAm Drilling AS's highest ROE % was 26.70%. The lowest was -48.66%. And the median was 3.73%.
OSL:NORAM's ROE % is ranked better than 84.43% of 957
companies
in the Oil & Gas industry
Industry Median: 5.74
vs OSL:NORAM: 21.09
NorAm Drilling AS (OSL:NORAM) 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.
NorAm Drilling AS ROE % Related Terms
NorAm Drilling AS ROE % Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS'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 Equipment & Services subindustry, NorAm Drilling AS'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.
NorAm Drilling AS ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's ROE % distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS'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.
NorAm Drilling AS (OSL:NORAM) has a ROE % of 18.98% 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 NorAm Drilling AS and its competitors. This is 409% above median its historical median of 3.73. According to the industry distribution chart, NorAm Drilling AS ranks #149 out of 957 companies in the Oil & Gas industry, placing it in the top 15.6%.
Is NorAm Drilling AS's ROE % too high?
NorAm Drilling AS's current ROE % of 18.98% is 409% above median its 10-year median of 3.73. The Oil & Gas industry median ROE % is 5.74. NorAm Drilling AS's value of 18.98% is 230.7% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #149 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #149 out of 957 companies for ROE %. This places NorAm Drilling AS in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 5.74. NorAm Drilling AS's value of 18.98% is 230.7% above this benchmark. While the company's 10-year median is 3.73 vs. the industry median of 5.74, NorAm Drilling AS 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 5.74, 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. NorAm Drilling AS's current ROE % of 18.98% is 230.7% 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 NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current ROE % is 18.98%, which is 409% above median its own 10-year median of 3.73. 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 kr38.95 — trading 17.3% above its estimated fair value. The current ROE % is 18.98%, which is 409% above median its 10-year median of 3.73 and 230.7% above the Oil & Gas industry median of 5.74. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current ROE % is 18.98% 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 kr38.95 is trading 17.3% above its estimated GF Value™ of kr33.21.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
ROE %: 18.98% (409% above median its 10-year median of 3.73)
GF Value™: kr33.21 vs. price of kr38.95 (17.3% above fair value)
Industry Position: 230.7% above the Oil & Gas median (#149 of 957)
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 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.
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