NORBIT ASA (NORBT.OL) Stock Fundamental Analysis

OSL:NORBT • NO0010856511

193.6 NOK
+9.6 (+5.22%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

Overall NORBT gets a fundamental rating of 7 out of 10. We evaluated NORBT against 53 industry peers in the Electronic Equipment, Instruments & Components industry. NORBT scores excellent on profitability, 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! These ratings could make NORBT a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

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.
NORBT.OL Yearly Net Income VS EBIT VS OCF VS FCFNORBT.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

  • The Return On Assets of NORBT (15.16%) is better than 98.25% of its industry peers.
  • Looking at the Return On Equity, with a value of 30.22%, NORBT belongs to the top of the industry, outperforming 98.25% of the companies in the same industry.
  • NORBT's Return On Invested Capital of 21.69% is amongst the best of the industry. NORBT outperforms 98.25% of its industry peers.
  • NORBT had an Average Return On Invested Capital over the past 3 years of 17.33%. This is significantly above the industry average of 7.61%.
  • The 3 year average ROIC (17.33%) for NORBT is below the current ROIC(21.69%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 15.16%
ROE 30.22%
ROIC 21.69%
ROA(3y)10.75%
ROA(5y)8.25%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
NORBT.OL Yearly ROA, ROE, ROICNORBT.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • NORBT has a better Profit Margin (16.70%) than 94.74% of its industry peers.
  • NORBT's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 23.17%, NORBT belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
  • NORBT's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.86%, NORBT is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
  • NORBT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.17%
PM (TTM) 16.7%
GM 58.86%
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
NORBT.OL Yearly Profit, Operating, Gross MarginsNORBT.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NORBT is creating value.
  • NORBT has more shares outstanding than it did 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.
NORBT.OL Yearly Shares OutstandingNORBT.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
NORBT.OL Yearly Total Debt VS Total AssetsNORBT.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 8.15 indicates that NORBT is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of NORBT (8.15) is better than 94.74% of its industry peers.
  • NORBT has a debt to FCF ratio of 2.51. This is a good value and a sign of high solvency as NORBT would need 2.51 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.51, NORBT is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
  • NORBT has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • NORBT has a Debt to Equity ratio (0.44) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.51
Altman-Z 8.15
ROIC/WACC2.58
WACC8.42%
NORBT.OL Yearly LT Debt VS Equity VS FCFNORBT.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • NORBT has a Current Ratio of 1.79. 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 (1.79) which is in line with its industry peers.
  • A Quick Ratio of 0.74 indicates that NORBT may have some problems paying its short term obligations.
  • NORBT has a worse Quick ratio (0.74) than 80.70% of its industry peers.
  • NORBT does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.79
Quick Ratio 0.74
NORBT.OL Yearly Current Assets VS Current LiabilitesNORBT.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

10

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 100.34% over the past year.
  • The Earnings Per Share has been growing by 22.16% on average over the past years. This is a very strong growth
  • Looking at the last year, NORBT shows a very strong growth in Revenue. The Revenue has grown by 42.51%.
  • The Revenue has been growing by 21.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)100.34%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%47.27%
Revenue 1Y (TTM)42.51%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%35.9%

3.2 Future

  • The Earnings Per Share is expected to grow by 32.01% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 22.28% on average over the next years. This is a very strong growth
EPS Next Y86.68%
EPS Next 2Y47.42%
EPS Next 3Y34.52%
EPS Next 5Y32.01%
Revenue Next Year46.47%
Revenue Next 2Y30.13%
Revenue Next 3Y23.86%
Revenue Next 5Y22.28%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
NORBT.OL Yearly Revenue VS EstimatesNORBT.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
NORBT.OL Yearly EPS VS EstimatesNORBT.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 32.65, which means the current valuation is very expensive for NORBT.
  • NORBT's Price/Earnings ratio is a bit cheaper when compared to the industry. NORBT is cheaper than 63.16% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.68. NORBT is valued slightly more expensive when compared to this.
  • With a Price/Forward Earnings ratio of 22.78, NORBT is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NORBT.
  • NORBT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.65
Fwd PE 22.78
NORBT.OL Price Earnings VS Forward Price EarningsNORBT.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • NORBT's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, NORBT is valued a bit more expensive than 70.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF 50.55
EV/EBITDA 19.09
NORBT.OL Per share dataNORBT.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • NORBT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of NORBT may justify a higher PE ratio.
  • NORBT's earnings are expected to grow with 34.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.38
PEG (5Y)1.47
EPS Next 2Y47.42%
EPS Next 3Y34.52%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.72%, NORBT has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.50, NORBT pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.84, NORBT pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.72%

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

  • NORBT pays out 50.37% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of NORBT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.37%
EPS Next 2Y47.42%
EPS Next 3Y34.52%
NORBT.OL Yearly Income VS Free CF VS DividendNORBT.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M 200M
NORBT.OL Dividend Payout.NORBT.OL Dividend Payout, showing the Payout Ratio.NORBT.OL Dividend Payout.PayoutRetained Earnings

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NORBIT ASA

OSL:NORBT (2/13/2026, 7:00:00 PM)

193.6

+9.6 (+5.22%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11
Earnings (Next)N/A
Inst Owners22.15%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap12.38B
Revenue(TTM)2.27B
Net Income(TTM)378.80M
Analysts81.82
Price Target206.55 (6.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.72%
Yearly Dividend2.47
Dividend Growth(5Y)5.27%
DP50.37%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.16%
Min EPS beat(2)-26.85%
Max EPS beat(2)-1.48%
EPS beat(4)1
Avg EPS beat(4)-2.21%
Min EPS beat(4)-26.85%
Max EPS beat(4)24.7%
EPS beat(8)3
Avg EPS beat(8)-3.92%
EPS beat(12)6
Avg EPS beat(12)4.73%
EPS beat(16)7
Avg EPS beat(16)-1.05%
Revenue beat(2)0
Avg Revenue beat(2)-6.91%
Min Revenue beat(2)-8.1%
Max Revenue beat(2)-5.73%
Revenue beat(4)0
Avg Revenue beat(4)-4.51%
Min Revenue beat(4)-8.1%
Max Revenue beat(4)-1.75%
Revenue beat(8)1
Avg Revenue beat(8)-4.17%
Revenue beat(12)4
Avg Revenue beat(12)0.33%
Revenue beat(16)7
Avg Revenue beat(16)0.8%
PT rev (1m)-11.96%
PT rev (3m)-11.96%
EPS NQ rev (1m)-0.18%
EPS NQ rev (3m)-3.26%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-4.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.53%
Valuation
Industry RankSector Rank
PE 32.65
Fwd PE 22.78
P/S 5.46
P/FCF 50.55
P/OCF 28.84
P/B 9.88
P/tB 41.16
EV/EBITDA 19.09
EPS(TTM)5.93
EY3.06%
EPS(NY)8.5
Fwd EY4.39%
FCF(TTM)3.83
FCFY1.98%
OCF(TTM)6.71
OCFY3.47%
SpS35.46
BVpS19.6
TBVpS4.7
PEG (NY)0.38
PEG (5Y)1.47
Graham Number51.14
Profitability
Industry RankSector Rank
ROA 15.16%
ROE 30.22%
ROCE 28.59%
ROIC 21.69%
ROICexc 23.54%
ROICexgc 53.81%
OM 23.17%
PM (TTM) 16.7%
GM 58.86%
FCFM 10.8%
ROA(3y)10.75%
ROA(5y)8.25%
ROE(3y)20.73%
ROE(5y)15.61%
ROIC(3y)17.33%
ROIC(5y)13.48%
ROICexc(3y)18.7%
ROICexc(5y)14.35%
ROICexgc(3y)38.39%
ROICexgc(5y)28.66%
ROCE(3y)22.85%
ROCE(5y)17.76%
ROICexgc growth 3Y38.91%
ROICexgc growth 5Y14.38%
ROICexc growth 3Y27.68%
ROICexc growth 5Y2.09%
OM growth 3Y29.01%
OM growth 5Y7.42%
PM growth 3Y31.71%
PM growth 5Y3.74%
GM growth 3Y3.52%
GM growth 5Y1.89%
F-Score6
Asset Turnover0.91
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.51
Debt/EBITDA 0.83
Cap/Depr 124.85%
Cap/Sales 8.13%
Interest Coverage 250
Cash Conversion 63.78%
Profit Quality 64.65%
Current Ratio 1.79
Quick Ratio 0.74
Altman-Z 8.15
F-Score6
WACC8.42%
ROIC/WACC2.58
Cap/Depr(3y)104.85%
Cap/Depr(5y)141.79%
Cap/Sales(3y)7.72%
Cap/Sales(5y)11.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)100.34%
EPS 3Y67.64%
EPS 5Y22.16%
EPS Q2Q%47.27%
EPS Next Y86.68%
EPS Next 2Y47.42%
EPS Next 3Y34.52%
EPS Next 5Y32.01%
Revenue 1Y (TTM)42.51%
Revenue growth 3Y30.51%
Revenue growth 5Y21.25%
Sales Q2Q%35.9%
Revenue Next Year46.47%
Revenue Next 2Y30.13%
Revenue Next 3Y23.86%
Revenue Next 5Y22.28%
EBIT growth 1Y101.53%
EBIT growth 3Y68.37%
EBIT growth 5Y30.25%
EBIT Next Year122.32%
EBIT Next 3Y41.75%
EBIT Next 5YN/A
FCF growth 1Y149.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y123.59%
OCF growth 3Y108.27%
OCF growth 5Y59.9%

NORBIT ASA / NORBT.OL FAQ

What is the ChartMill fundamental rating of NORBIT ASA (NORBT.OL) stock?

ChartMill assigns a fundamental rating of 8 / 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 32.65 and the Price/Book (PB) ratio is 9.88.


Can you provide the dividend sustainability for NORBT stock?

The dividend rating of NORBIT ASA (NORBT.OL) is 7 / 10 and the dividend payout ratio is 50.37%.