NORBIT ASA (NORBT.OL) Stock Fundamental Analysis

OSL:NORBT • NO0010856511

198.8 NOK
-2.7 (-1.34%)
Last: Feb 19, 2026, 02:32 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to NORBT. NORBT was compared to 54 industry peers in the Electronic Equipment, Instruments & Components industry. While NORBT has a great profitability rating, there are some minor concerns on its financial health. NORBT is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make NORBT a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • NORBT had positive earnings in the past year.
  • In the past year NORBT had a positive cash flow from operations.
  • In the past 5 years NORBT has always been profitable.
  • NORBT had a positive operating cash flow in each of the past 5 years.
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 98.15% 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 98.15% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 21.69%, NORBT belongs to the top of the industry, outperforming 98.15% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NORBT is significantly above the industry average of 7.38%.
  • The last Return On Invested Capital (21.69%) for NORBT is above the 3 year average (17.33%), which is a sign of increasing profitability.
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

  • Looking at the Profit Margin, with a value of 16.70%, NORBT belongs to the top of the industry, outperforming 96.30% of the companies in the same industry.
  • NORBT's Profit Margin has improved in the last couple of years.
  • The Operating Margin of NORBT (23.17%) is better than 96.30% of its industry peers.
  • NORBT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of NORBT (58.86%) is better than 72.22% of its industry peers.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • The number of shares outstanding for NORBT has been increased compared to 1 year ago.
  • Compared to 5 years ago, NORBT has more shares outstanding
  • Compared to 1 year ago, NORBT has a worse debt to assets ratio.
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

  • NORBT has an Altman-Z score of 8.39. This indicates that NORBT is financially healthy and has little risk of bankruptcy at the moment.
  • NORBT has a better Altman-Z score (8.39) than 94.44% of its industry peers.
  • The Debt to FCF ratio of NORBT is 2.51, which is a good value as it means it would take NORBT, 2.51 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of NORBT (2.51) is better than 79.63% of its industry peers.
  • A Debt/Equity ratio of 0.44 indicates that NORBT is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.44, NORBT is in line with its industry, outperforming 42.59% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.51
Altman-Z 8.39
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

  • A Current Ratio of 1.79 indicates that NORBT should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.79, NORBT is doing good in the industry, outperforming 61.11% of the companies in the same industry.
  • A Quick Ratio of 0.74 indicates that NORBT may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.74, NORBT is doing worse than 79.63% of the companies in the same industry.
  • 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 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.
  • Measured over the past years, NORBT shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.16% on average per year.
  • The Revenue has grown by 42.51% in the past year. This is a very strong growth!
  • 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

  • Based on estimates for the next years, NORBT will show a very strong growth in Earnings Per Share. The EPS will grow by 32.01% on average per year.
  • Based on estimates for the next years, NORBT will show a very strong growth in Revenue. The Revenue will grow by 22.28% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

  • NORBT is valuated quite expensively with a Price/Earnings ratio of 33.52.
  • NORBT's Price/Earnings ratio is a bit cheaper when compared to the industry. NORBT is cheaper than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.27. NORBT is valued slightly more expensive when compared to this.
  • NORBT is valuated rather expensively with a Price/Forward Earnings ratio of 23.40.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NORBT is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.16, NORBT is valued at the same level.
Industry RankSector Rank
PE 33.52
Fwd PE 23.4
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NORBT is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, NORBT is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 51.91
EV/EBITDA 19.84
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.
  • NORBT has an outstanding profitability rating, which 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)0.39
PEG (5Y)1.51
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.
  • NORBT's Dividend Yield is a higher than the S&P500 average which is at 1.85.
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

  • 50.37% of the earnings are spent on dividend by NORBT. 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 (2/19/2026, 2:32:19 PM)

198.8

-2.7 (-1.34%)

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 Cap12.71B
Revenue(TTM)2.27B
Net Income(TTM)378.80M
Analysts81.82
Price Target206.55 (3.9%)
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 33.52
Fwd PE 23.4
P/S 5.61
P/FCF 51.91
P/OCF 29.61
P/B 10.14
P/tB 42.26
EV/EBITDA 19.84
EPS(TTM)5.93
EY2.98%
EPS(NY)8.5
Fwd EY4.27%
FCF(TTM)3.83
FCFY1.93%
OCF(TTM)6.71
OCFY3.38%
SpS35.46
BVpS19.6
TBVpS4.7
PEG (NY)0.39
PEG (5Y)1.51
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 8.39
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 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 33.52 and the Price/Book (PB) ratio is 10.14.


Can you provide the dividend sustainability for NORBT stock?

The dividend rating of NORBIT ASA (NORBT.OL) is 6 / 10 and the dividend payout ratio is 50.37%.