Obermatt

Var Energi

OSL:VAR · NO0011202772
Oil, Gas & Consumable FuelsLarge

360

96
EV / EBIT97
Price / Owner Earnings31
Owner Earnings Yield62
Dividend Yield94
Price/Sales51
EV / Gross Profit96
Price/Book1
Return on Capital100
Cash Return on Capital78
Return on Equity100
EBIT Margin85
Gross Profitability91
Cash Conversion87
Accruals75
Owner Earnings Margin46
Sales growth87
Profit Growth68
Long-Term EPS Growth55
Reinvestment42
Price momentum80
Debt load5
Refinancing14
Debt Payback16
Liquidity80
Analyst ratings54
Opinion Changes50
Price Target Upside6
Market mood37
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Var Energi generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryItaly
IndustryOil, Gas & Consumable Fuels
SizeLarge
TypePublic Company
ExchangeOB
Founded1965
Employees1,278
ISINNO0011202772
Last UpdateApr 2, 2026
Themes
CleanTechEnvironmental ConsultingEnergyOil and Gas

Description

Vår Energi ASA is a player in the oil and gas sector, primarily focused on the exploration and production of petroleum resources in the Norwegian Continental Shelf and beyond. Business Segments The company operates primarily in two main business s…

Analysis

Hidden champion

Vår Energi ASA is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is fair. You pay 20.0× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 6% yearly growth; analysts expect 3%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
47
2026

All-time high

68

Mar 2026

All-time low

33

Feb 2026

Average rank

49

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
51
Price/Earnings
62
Price/Book
1
Dividend Yield
94
Value (overall)
50

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →