NORBIT ASA (NORBT.OL) Fundamental Analysis & Valuation
OSL:NORBT • NO0010856511
213.75 NOK
+5.75 (+2.76%)
Last: Mar 5, 2026, 04:19 PM
This NORBT.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, NORBT scores 7 out of 10 in our fundamental rating. NORBT was compared to 51 industry peers in the Electronic Equipment, Instruments & Components industry. NORBT has an excellent profitability rating, but there are some minor concerns on its financial health. NORBT is growing strongly while it is still valued neutral. This is a good combination! With these ratings, NORBT could be worth investigating further for growth investing!.
1. NORBT.OL Profitability Analysis
1.1 Basic Checks
- In the past year NORBT was profitable.
- NORBT had a positive operating cash flow in the past year.
- In the past 5 years NORBT has always been profitable.
- Each year in the past 5 years NORBT had a positive operating cash flow.
1.2 Ratios
- NORBT's Return On Assets of 15.35% is amongst the best of the industry. NORBT outperforms 98.04% of its industry peers.
- The Return On Equity of NORBT (33.38%) is better than 100.00% of its industry peers.
- NORBT has a better Return On Invested Capital (23.08%) than 98.04% of its industry peers.
- NORBT had an Average Return On Invested Capital over the past 3 years of 20.37%. This is significantly above the industry average of 7.01%.
- The 3 year average ROIC (20.37%) for NORBT is below the current ROIC(23.08%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.35% | ||
| ROE | 33.38% | ||
| ROIC | 23.08% |
ROA(3y)12.95%
ROA(5y)10.5%
ROE(3y)25.92%
ROE(5y)21.03%
ROIC(3y)20.37%
ROIC(5y)16.77%
1.3 Margins
- NORBT has a Profit Margin of 16.16%. This is amongst the best in the industry. NORBT outperforms 94.12% of its industry peers.
- NORBT's Profit Margin has improved in the last couple of years.
- NORBT has a Operating Margin of 22.19%. This is amongst the best in the industry. NORBT outperforms 96.08% of its industry peers.
- In the last couple of years the Operating Margin of NORBT has grown nicely.
- NORBT's Gross Margin of 55.65% is fine compared to the rest of the industry. NORBT outperforms 68.63% of its industry peers.
- In the last couple of years the Gross Margin of NORBT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.19% | ||
| PM (TTM) | 16.16% | ||
| GM | 55.65% |
OM growth 3Y20.31%
OM growth 5Y25.37%
PM growth 3Y20.91%
PM growth 5Y29.65%
GM growth 3Y1.68%
GM growth 5Y1.09%
2. NORBT.OL Health Analysis
2.1 Basic Checks
- NORBT has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- The number of shares outstanding for NORBT has been increased compared to 1 year ago.
- The number of shares outstanding for NORBT has been increased compared to 5 years ago.
- NORBT has a worse debt/assets ratio than last year.
2.2 Solvency
- NORBT has an Altman-Z score of 7.73. This indicates that NORBT is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 7.73, NORBT belongs to the best of the industry, outperforming 92.16% of the companies in the same industry.
- The Debt to FCF ratio of NORBT is 2.39, which is a good value as it means it would take NORBT, 2.39 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of NORBT (2.39) is better than 78.43% of its industry peers.
- A Debt/Equity ratio of 0.50 indicates that NORBT is not too dependend on debt financing.
- NORBT's Debt to Equity ratio of 0.50 is on the low side compared to the rest of the industry. NORBT is outperformed by 60.78% of its industry peers.
- Although NORBT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 2.39 | ||
| Altman-Z | 7.73 |
ROIC/WACC2.76
WACC8.35%
2.3 Liquidity
- NORBT has a Current Ratio of 1.54. This is a normal value and indicates that NORBT is financially healthy and should not expect problems in meeting its short term obligations.
- NORBT has a Current ratio of 1.54. This is comparable to the rest of the industry: NORBT outperforms 45.10% of its industry peers.
- NORBT has a Quick Ratio of 1.54. This is a bad value and indicates that NORBT is not financially healthy enough and could expect problems in meeting its short term obligations.
- NORBT has a worse Quick ratio (0.62) than 84.31% of its industry peers.
- The current and quick ratio evaluation for NORBT is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.62 |
3. NORBT.OL Growth Analysis
3.1 Past
- NORBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.64%, which is quite impressive.
- Measured over the past years, NORBT shows a very strong growth in Earnings Per Share. The EPS has been growing by 67.45% on average per year.
- NORBT shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.90%.
- NORBT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 32.24% yearly.
EPS 1Y (TTM)61.64%
EPS 3Y51.71%
EPS 5Y67.45%
EPS Q2Q%23.49%
Revenue 1Y (TTM)42.9%
Revenue growth 3Y28.94%
Revenue growth 5Y32.24%
Sales Q2Q%42.26%
3.2 Future
- Based on estimates for the next years, NORBT will show a very strong growth in Earnings Per Share. The EPS will grow by 23.39% on average per year.
- The Revenue is expected to grow by 15.11% on average over the next years. This is quite good.
EPS Next Y34.45%
EPS Next 2Y22.71%
EPS Next 3Y23.39%
EPS Next 5YN/A
Revenue Next Year18.03%
Revenue Next 2Y14.78%
Revenue Next 3Y15.11%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. NORBT.OL Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 33.82, which means the current valuation is very expensive for NORBT.
- 66.67% of the companies in the same industry are more expensive than NORBT, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.03, NORBT is valued a bit more expensive.
- Based on the Price/Forward Earnings ratio of 25.15, the valuation of NORBT can be described as expensive.
- NORBT's Price/Forward Earnings ratio is in line with the industry average.
- NORBT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.82 | ||
| Fwd PE | 25.15 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as NORBT.
- Based on the Price/Free Cash Flow ratio, NORBT is valued a bit more expensive than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.59 | ||
| EV/EBITDA | 19.46 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- NORBT has an outstanding profitability rating, which may justify a higher PE ratio.
- NORBT's earnings are expected to grow with 23.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.98
PEG (5Y)0.5
EPS Next 2Y22.71%
EPS Next 3Y23.39%
5. NORBT.OL Dividend Analysis
5.1 Amount
- NORBT has a Yearly Dividend Yield of 2.36%.
- NORBT's Dividend Yield is a higher than the industry average which is at 1.59.
- Compared to an average S&P500 Dividend Yield of 1.82, NORBT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
5.2 History
- The dividend of NORBT has a limited annual growth rate of 5.27%.
Dividend Growth(5Y)5.27%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 94.54% of the earnings are spent on dividend by NORBT. This is not a sustainable payout ratio.
- The dividend of NORBT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP94.54%
EPS Next 2Y22.71%
EPS Next 3Y23.39%
NORBT.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:NORBT (3/5/2026, 4:19:49 PM)
213.75
+5.75 (+2.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11 2026-02-11/bmo
Earnings (Next)05-12 2026-05-12
Inst Owners22.15%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap13.67B
Revenue(TTM)2.50B
Net Income(TTM)404.40M
Analysts81.82
Price Target210.12 (-1.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
Yearly Dividend6
Dividend Growth(5Y)5.27%
DP94.54%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-28.07%
Min EPS beat(2)-29.3%
Max EPS beat(2)-26.85%
EPS beat(4)1
Avg EPS beat(4)-8.23%
Min EPS beat(4)-29.3%
Max EPS beat(4)24.7%
EPS beat(8)2
Avg EPS beat(8)-7.66%
EPS beat(12)5
Avg EPS beat(12)-1.7%
EPS beat(16)7
Avg EPS beat(16)-0.49%
Revenue beat(2)0
Avg Revenue beat(2)-7.66%
Min Revenue beat(2)-9.59%
Max Revenue beat(2)-5.73%
Revenue beat(4)0
Avg Revenue beat(4)-6.29%
Min Revenue beat(4)-9.59%
Max Revenue beat(4)-1.75%
Revenue beat(8)1
Avg Revenue beat(8)-5.35%
Revenue beat(12)3
Avg Revenue beat(12)-2.1%
Revenue beat(16)6
Avg Revenue beat(16)-0.26%
PT rev (1m)-10.43%
PT rev (3m)-10.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-5.34%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.16%
Revenue NY rev (3m)2.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.82 | ||
| Fwd PE | 25.15 | ||
| P/S | 5.46 | ||
| P/FCF | 45.59 | ||
| P/OCF | 27.31 | ||
| P/B | 11.28 | ||
| P/tB | 57.41 | ||
| EV/EBITDA | 19.46 |
EPS(TTM)6.32
EY2.96%
EPS(NY)8.5
Fwd EY3.98%
FCF(TTM)4.69
FCFY2.19%
OCF(TTM)7.83
OCFY3.66%
SpS39.13
BVpS18.94
TBVpS3.72
PEG (NY)0.98
PEG (5Y)0.5
Graham Number51.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.35% | ||
| ROE | 33.38% | ||
| ROCE | 30.13% | ||
| ROIC | 23.08% | ||
| ROICexc | 25.26% | ||
| ROICexgc | 59.83% | ||
| OM | 22.19% | ||
| PM (TTM) | 16.16% | ||
| GM | 55.65% | ||
| FCFM | 11.98% |
ROA(3y)12.95%
ROA(5y)10.5%
ROE(3y)25.92%
ROE(5y)21.03%
ROIC(3y)20.37%
ROIC(5y)16.77%
ROICexc(3y)22.26%
ROICexc(5y)18.06%
ROICexgc(3y)49.46%
ROICexgc(5y)38.53%
ROCE(3y)26.59%
ROCE(5y)21.88%
ROICexgc growth 3Y29.13%
ROICexgc growth 5Y38.01%
ROICexc growth 3Y18.63%
ROICexc growth 5Y27.64%
OM growth 3Y20.31%
OM growth 5Y25.37%
PM growth 3Y20.91%
PM growth 5Y29.65%
GM growth 3Y1.68%
GM growth 5Y1.09%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 2.39 | ||
| Debt/EBITDA | 0.85 | ||
| Cap/Depr | 127.92% | ||
| Cap/Sales | 8.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.27% | ||
| Profit Quality | 74.13% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 7.73 |
F-Score6
WACC8.35%
ROIC/WACC2.76
Cap/Depr(3y)112.03%
Cap/Depr(5y)111.74%
Cap/Sales(3y)7.76%
Cap/Sales(5y)8.27%
Profit Quality(3y)106.97%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)61.64%
EPS 3Y51.71%
EPS 5Y67.45%
EPS Q2Q%23.49%
EPS Next Y34.45%
EPS Next 2Y22.71%
EPS Next 3Y23.39%
EPS Next 5YN/A
Revenue 1Y (TTM)42.9%
Revenue growth 3Y28.94%
Revenue growth 5Y32.24%
Sales Q2Q%42.26%
Revenue Next Year18.03%
Revenue Next 2Y14.78%
Revenue Next 3Y15.11%
Revenue Next 5YN/A
EBIT growth 1Y60.75%
EBIT growth 3Y55.12%
EBIT growth 5Y65.79%
EBIT Next Year46.7%
EBIT Next 3Y23.2%
EBIT Next 5YN/A
FCF growth 1Y4.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.15%
OCF growth 3Y80.08%
OCF growth 5Y40.29%
NORBIT ASA / NORBT.OL FAQ
What is the ChartMill fundamental rating of NORBIT ASA (NORBT.OL) stock?
ChartMill assigns a fundamental rating of 7 / 10 to NORBT.OL.
Can you provide the valuation status for NORBIT ASA?
ChartMill assigns a valuation rating of 4 / 10 to NORBIT ASA (NORBT.OL). This can be considered as Fairly Valued.
How profitable is NORBIT ASA (NORBT.OL) stock?
NORBIT ASA (NORBT.OL) has a profitability rating of 9 / 10.
What are the PE and PB ratios of NORBIT ASA (NORBT.OL) stock?
The Price/Earnings (PE) ratio for NORBIT ASA (NORBT.OL) is 33.82 and the Price/Book (PB) ratio is 11.28.
Can you provide the dividend sustainability for NORBT stock?
The dividend rating of NORBIT ASA (NORBT.OL) is 4 / 10 and the dividend payout ratio is 94.54%.