Var Energi ASA (OSL:VAR) Shares Outstanding (Basic Average): 2,496 Mil (As of Mar. 2026)


OSL:VAR Var Energi ASA OSL:VAR
80 GF Score
Price kr42.06
GF Value kr44.84
Valuation Fairly Valued
! 4 Warning Signs
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What is Var Energi ASA Shares Outstanding (Basic Average)?

Var Energi ASA OSL:VAR -1.43% 80 Shares Outstanding (Basic Average) is 2,496 Mil as of Mar. 2026. GuruFocus rates OSL:VAR with a GF Score™ of 80/100 and a GF Value™ of kr44.84 (Fairly Valued). The stock has 4 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Var Energi ASA's average basic shares outstanding for the quarter that ended in Mar. 2026 was 2,496 Mil.


Var Energi ASA  (OSL:VAR) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Var Energi ASA Shares Outstanding (Basic Average) Related Terms


Var Energi ASA Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Var Energi ASA's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial 2,496.41 2,496.41 2,496.00 2,496.00 2,496.00

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
Shares Outstanding (Basic Average) 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 2,496.00 2,496.00 2,496.00 2,496.00 2,496.00
OSL:VAR
80GF Score
Var Energi ASA OSL:VAR
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Var Energi ASA Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 2,496 Mil mean?
Var Energi ASA (OSL:VAR) has a Shares Outstanding (Basic Average) of 2,496 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Var Energi ASA and its competitors.
Is Var Energi ASA's Shares Outstanding (Basic Average) too high?
Var Energi ASA's current Shares Outstanding (Basic Average) is 2,496 Mil. 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 Shares Outstanding (Basic Average) compare to COP and EOG?
Var Energi ASA's Shares Outstanding (Basic Average) of 2,496 Mil 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 Shares Outstanding (Basic Average) for an Oil & Gas company?
A good Shares Outstanding (Basic Average) depends on the Oil & Gas industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Var Energi ASA and its competitors. Var Energi ASA's current Shares Outstanding (Basic Average) is 2,496 Mil. 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 kr44.84, compared to a current price of kr42.06 — trading 6.2% below its estimated fair value. The current Shares Outstanding (Basic Average) is 2,496 Mil. 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 Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Var Energi ASA (OSL:VAR), the current Shares Outstanding (Basic Average) is 2,496 Mil 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 6.2% below its estimated GF Value™ of kr44.84. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for OSL:VAR:

  • Shares Outstanding (Basic Average): 2,496 Mil
  • GF Value™: kr44.84 vs. price of kr42.06 (6.2% below fair value)
  • GF Score™: 80/100 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 EnergyOil & Gas
Address Vestre Svanholmen 1, Sandnes, NOR, 4313
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).
80GF Score

Get the complete analysis for OSL:VAR

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr42.06
Price
kr44.84
GF Value