NorAm Drilling AS (STU:TM9) Tax Rate %: 16.28% (As of Mar. 2026)

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STU:TM9 NorAm Drilling AS STU:TM9
79 GF Score
Price €3.96
GF Value €3.01
Valuation Significantly Overvalued
! 3 Warning Signs
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What is NorAm Drilling AS Tax Rate %?

NorAm Drilling AS STU:TM9 +1.41% 79 Tax Rate % is 16.28% as of Mar. 2026. GuruFocus rates STU:TM9 with a GF Score™ of 79/100 and a GF Value™ of €3.01 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. NorAm Drilling AS's Tax Expense for the three months ended in Mar. 2026 was €0.43 Mil. NorAm Drilling AS's Pre-Tax Income for the three months ended in Mar. 2026 was €2.65 Mil. Therefore, NorAm Drilling AS's Tax Rate % for the quarter that ended in Mar. 2026 was 16.28%.

NorAm Drilling AS Tax Rate % Related Terms

NorAm Drilling AS Tax Rate % Historical Data

* Premium members only.

The historical data trend for NorAm Drilling AS'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.

NorAm Drilling AS Tax Rate % Chart

NorAm Drilling AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial 3.59 1.13 15.06 49.37 -4.52

NorAm Drilling AS Quarterly Data
Dec20 Jun21 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 3.74 5.15 -41.26 6.32 16.28
STU:TM9
79GF Score
NorAm Drilling AS STU:TM9
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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NorAm Drilling AS Tax Rate % Calculation

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

NorAm Drilling AS'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 )
=-0.547/12.104
=-4.52 %

NorAm Drilling AS'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 )
=0.432/2.654
=16.28 %

* 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 16.28% mean?
NorAm Drilling AS (STU:TM9) has a Tax Rate % of 16.28% as of Mar. 2026.
Is NorAm Drilling AS's Tax Rate % too high?
NorAm Drilling AS's current Tax Rate % is 16.28%. Overall, NorAm Drilling AS has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Tax Rate % compare to SLB and BKR?
NorAm Drilling AS's Tax Rate % of 16.28% 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. NorAm Drilling AS's current Tax Rate % is 16.28%. 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 (STU:TM9) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.01, compared to a current price of €3.96 — trading 31.4% above its estimated fair value. The current Tax Rate % is 16.28%. NorAm Drilling AS's overall GF Score™ is 79/100 with 3 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 NorAm Drilling AS (STU:TM9), the current Tax Rate % is 16.28% 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 (STU:TM9) Overvalued in 2026?

Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued. The current stock price of €3.96 is trading 31.4% above its estimated GF Value™ of €3.01. GuruFocus considers NorAm Drilling AS to be Significantly Overvalued.

Key valuation signals for STU:TM9:

  • Tax Rate %: 16.28%
  • GF Value™: €3.01 vs. price of €3.96 (31.4% above fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the STU:TM9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NorAm Drilling AS Business Description

Industry EnergyOil & Gas
Other Exchanges NORAM:Norway
Address Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112
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.
79GF Score

Get the complete analysis for STU:TM9

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

€3.96
Price
€3.01
GF Value