Northern Ocean Ltd
OSE:NOL
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/S
Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.
Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.
Valuation Scenarios
If P/S returns to its 3-Year Average (0.8), the stock would be worth kr7.1 (18% downside from current price).
| Scenario | P/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1 | kr8.7 |
0%
|
| 3-Year Average | 0.8 | kr7.1 |
-18%
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| 5-Year Average | 0.8 | kr7.34 |
-16%
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| Industry Average | 1 | kr8.69 |
0%
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| Country Average | 1.3 | kr11.81 |
+36%
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Forward P/S
Today’s price vs future revenue
| Today's Market Cap | Revenue | Forward P/S | ||
|---|---|---|---|---|
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kr2.7B
|
/ |
Jan 2026
$279.4m
|
= |
|
|
kr2.7B
|
/ |
Dec 2026
$84.6m
|
= |
|
|
kr2.7B
|
/ |
Dec 2027
$107.8m
|
= |
|
Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | P/S | P/E | ||||
|---|---|---|---|---|---|---|
| BM |
|
Northern Ocean Ltd
OSE:NOL
|
2.6B NOK | 1 | -2.7 | |
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
72.3B CNY | 1.4 | 19 | |
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
8B USD | 2.4 | 36.9 | |
| CH |
|
Transocean Ltd
NYSE:RIG
|
7.7B USD | 1.9 | -2.6 | |
| BM |
|
Valaris Ltd
NYSE:VAL
|
7.2B USD | 3 | 7.3 | |
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.9B SAR | 3.3 | 26.8 | |
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK | 1.5 | 22.7 | |
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.7B USD | 1 | -50 | |
| US |
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Helmerich and Payne Inc
NYSE:HP
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4.1B USD | 1 | -12.9 | |
| BM |
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Seadrill Ltd
NYSE:SDRL
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3.1B USD | 2.2 | -40.4 | |
| SA |
A
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Arabian Drilling Co
SAU:2381
|
10.8B SAR | 3.1 | -143.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.8 |
| Median | 1.3 |
| 70th Percentile | 2.5 |
| Max | 784.7 |
Other Multiples
Northern Ocean Ltd
Glance View
Northern Ocean Ltd. engages in the ownership of offshore drilling rigs. The firm owns and engages in offshore contract drilling for the oil and gas industry in benign and other environments worldwide. The company contracts its drilling rigs primarily on a dayrate basis for periods approximately between one and ten years to drill wells for its customers by targeting integrated and independent oil and gas companies. The Company’s drilling wells include West Mira and West Bollsta.
