Noram Drilling As Stock Price To Book
| NORAM Stock | 33.90 0.75 2.16% |
NorAm Drilling AS fundamentals help investors to digest information that contributes to NorAm Drilling's financial success or failures. It also enables traders to predict the movement of NorAm Stock. The fundamental analysis module provides a way to measure NorAm Drilling's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NorAm Drilling stock.
NorAm |
NorAm Drilling AS Company Price To Book Analysis
NorAm Drilling's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current NorAm Drilling Price To Book | 9.33 X |
Most of NorAm Drilling's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NorAm Drilling AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, NorAm Drilling AS has a Price To Book of 9.3347 times. This is 131.63% higher than that of the Energy sector and 94.47% higher than that of the Oil & Gas Equipment & Services industry. The price to book for all Norway stocks is 1.84% higher than that of the company.
NorAm Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NorAm Drilling's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NorAm Drilling could also be used in its relative valuation, which is a method of valuing NorAm Drilling by comparing valuation metrics of similar companies.NorAm Drilling is currently under evaluation in price to book category among its peers.
NorAm Fundamentals
| Return On Equity | -0.36 | |||
| Return On Asset | -0.0141 | |||
| Profit Margin | (0.15) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 3.11 B | |||
| Shares Outstanding | 43.14 M | |||
| Shares Owned By Institutions | 4.10 % | |||
| Price To Book | 9.33 X | |||
| Price To Sales | 29.49 X | |||
| Revenue | 50.38 M | |||
| Gross Profit | 33.99 M | |||
| EBITDA | 15.9 M | |||
| Net Income | (19.53 M) | |||
| Cash And Equivalents | 12.78 M | |||
| Total Debt | 80 M | |||
| Book Value Per Share | 1.17 X | |||
| Cash Flow From Operations | (1.96 M) | |||
| Target Price | 69.03 | |||
| Number Of Employees | 243 | |||
| Beta | -0.31 | |||
| Market Capitalization | 2.73 B | |||
| Total Asset | 122.07 M | |||
| Z Score | 20.4 | |||
| Annual Yield | 0.18 % | |||
| Net Asset | 122.07 M |
About NorAm Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NorAm Drilling AS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NorAm Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NorAm Drilling AS based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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NorAm Drilling financial ratios help investors to determine whether NorAm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorAm with respect to the benefits of owning NorAm Drilling security.