Northern Ocean (OSL:NOL) Tax Rate %: -0.89% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:NOL Northern Ocean Ltd OSL:NOL
63 GF Score
Price kr7.54
GF Value kr6.08
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Northern Ocean Tax Rate %?

Northern Ocean OSL:NOL +0.53% 63 Tax Rate % is -0.89% as of Mar. 2026. GuruFocus rates OSL:NOL with a GF Score™ of 63/100 and a GF Value™ of kr6.08 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Northern Ocean's Tax Expense for the three months ended in Mar. 2026 was kr2 Mil. Northern Ocean's Pre-Tax Income for the three months ended in Mar. 2026 was kr-222 Mil. Therefore, Northern Ocean's Tax Rate % for the quarter that ended in Mar. 2026 was -0.89%.

Northern Ocean Tax Rate % Related Terms

Northern Ocean Tax Rate % Historical Data

* Premium members only.

The historical data trend for Northern Ocean's Tax Rate % 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 Tax Rate % Chart

Northern Ocean Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial 4.28 -0.42 -4.05 -3.79 -2.12

Northern Ocean Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 -9.12 -4.14 -1.68 -0.32 -0.89
OSL:NOL
63GF Score
Northern Ocean Ltd OSL:NOL
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Ocean Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Northern Ocean's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=21.497/-1016.128
=-2.12 %

Northern Ocean's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1.98/-221.501
=-0.89 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of -0.89% mean?
Northern Ocean (OSL:NOL) has a Tax Rate % of -0.89% as of Mar. 2026.
Is Northern Ocean's Tax Rate % too high?
Northern Ocean's current Tax Rate % is -0.89%. Overall, Northern Ocean has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Ocean's Tax Rate % compare to NE and RIG?
Northern Ocean's Tax Rate % of -0.89% 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 Tax Rate % for an Oil & Gas company?
A good Tax Rate % depends on the Oil & Gas industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Northern Ocean's current Tax Rate % is -0.89%. 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 (OSL:NOL) is currently considered Modestly Overvalued. The stock's GF Value™ is kr6.08, compared to a current price of kr7.54 — trading 24% above its estimated fair value. The current Tax Rate % is -0.89%. Northern Ocean's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Northern Ocean (OSL:NOL), the current Tax Rate % is -0.89% 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 (OSL:NOL) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Ocean stock appears to be overvalued. The current stock price of kr7.54 is trading 24% above its estimated GF Value™ of kr6.08. GuruFocus considers Northern Ocean to be Modestly Overvalued.

Key valuation signals for OSL:NOL:

  • Tax Rate %: -0.89%
  • GF Value™: kr6.08 vs. price of kr7.54 (24% above fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the OSL:NOL 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 NTNOF:USANOLo:Sweden
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.
63GF Score

Get the complete analysis for OSL:NOL

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr7.54
Price
kr6.08
GF Value