NORBIT ASA (NORBT.OL) Stock Fundamental Analysis

OSL:NORBT • NO0010856511

207.5 NOK
-4.5 (-2.12%)
Last: Feb 27, 2026, 04:26 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 has an excellent profitability rating, but 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.
  • NORBT had a positive operating cash flow in the past year.
  • NORBT had positive earnings in each of the past 5 years.
  • 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 2025 0 200M 400M

1.2 Ratios

  • NORBT has a Return On Assets of 15.35%. This is amongst the best in the industry. NORBT outperforms 98.11% of its industry peers.
  • The Return On Equity of NORBT (33.38%) is better than 100.00% of its industry peers.
  • With an excellent Return On Invested Capital value of 23.08%, NORBT belongs to the best of the industry, outperforming 98.11% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NORBT is significantly above the industry average of 7.30%.
  • The last Return On Invested Capital (23.08%) for NORBT is above the 3 year average (20.37%), which is a sign of increasing profitability.
Industry RankSector 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%
NORBT.OL Yearly ROA, ROE, ROICNORBT.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • NORBT has a better Profit Margin (16.16%) than 94.34% 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 94.34% of its industry peers.
  • NORBT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of NORBT (55.65%) is better than 67.92% of its industry peers.
  • NORBT's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
NORBT.OL Yearly Profit, Operating, Gross MarginsNORBT.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NORBT 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.
NORBT.OL Yearly Shares OutstandingNORBT.OL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 7.84 indicates that NORBT is not in any danger for bankruptcy at the moment.
  • NORBT has a better Altman-Z score (7.84) than 92.45% of its industry peers.
  • NORBT has a debt to FCF ratio of 2.39. This is a good value and a sign of high solvency as NORBT would need 2.39 years to pay back of all of its debts.
  • NORBT's Debt to FCF ratio of 2.39 is fine compared to the rest of the industry. NORBT outperforms 79.25% of its industry peers.
  • NORBT has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
  • NORBT has a Debt to Equity ratio of 0.50. This is in the lower half of the industry: NORBT underperforms 60.38% 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 RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.39
Altman-Z 7.84
ROIC/WACC2.76
WACC8.36%
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 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.54 indicates that NORBT should not have too much problems paying its short term obligations.
  • NORBT has a Current ratio of 1.54. This is comparable to the rest of the industry: NORBT outperforms 41.51% of its industry peers.
  • A Quick Ratio of 0.62 indicates that NORBT may have some problems paying its short term obligations.
  • NORBT's Quick ratio of 0.62 is on the low side compared to the rest of the industry. NORBT is outperformed by 86.79% 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 RankSector Rank
Current Ratio 1.54
Quick Ratio 0.62
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 2025 200M 400M 600M 800M 1B

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

9

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 61.64% over the past year.
  • The Earnings Per Share has been growing by 67.45% 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 42.90%.
  • Measured over the past years, NORBT shows a very strong growth in Revenue. The Revenue has been growing by 32.24% on average per year.
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

  • The Earnings Per Share is expected to grow by 23.39% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, NORBT will show a quite strong growth in Revenue. The Revenue will grow by 15.11% on average per year.
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

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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 32.83, which means the current valuation is very expensive for NORBT.
  • Based on the Price/Earnings ratio, NORBT is valued a bit cheaper than 67.92% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.11, NORBT is valued a bit more expensive.
  • A Price/Forward Earnings ratio of 24.42 indicates a rather expensive valuation of NORBT.
  • 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 28.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.83
Fwd PE 24.42
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 40

4.2 Price Multiples

  • NORBT's Enterprise Value to EBITDA is on the same level as the industry average.
  • NORBT's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. NORBT is more expensive than 69.81% of the companies in the same industry.
Industry RankSector Rank
P/FCF 44.26
EV/EBITDA 19.82
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 23.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.95
PEG (5Y)0.49
EPS Next 2Y22.71%
EPS Next 3Y23.39%

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.53%, NORBT has a reasonable but not impressive dividend return.
  • NORBT's Dividend Yield is a higher than the industry average which is at 1.57.
  • NORBT's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.53%

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 94.54% of its income as dividend. This is not a sustainable payout ratio.
  • NORBT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP94.54%
EPS Next 2Y22.71%
EPS Next 3Y23.39%
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 2025 0 100M 200M 300M 400M
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 (2/27/2026, 4:26:15 PM)

207.5

-4.5 (-2.12%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11
Earnings (Next)05-12
Inst Owners22.15%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap13.27B
Revenue(TTM)2.50B
Net Income(TTM)404.40M
Analysts81.82
Price Target206.55 (-0.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
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)-11.96%
PT rev (3m)-11.96%
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 RankSector Rank
PE 32.83
Fwd PE 24.42
P/S 5.3
P/FCF 44.26
P/OCF 26.51
P/B 10.95
P/tB 55.73
EV/EBITDA 19.82
EPS(TTM)6.32
EY3.05%
EPS(NY)8.5
Fwd EY4.1%
FCF(TTM)4.69
FCFY2.26%
OCF(TTM)7.83
OCFY3.77%
SpS39.13
BVpS18.94
TBVpS3.72
PEG (NY)0.95
PEG (5Y)0.49
Graham Number51.9
Profitability
Industry RankSector 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 RankSector 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 7.84
F-Score6
WACC8.36%
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 Year46.45%
EBIT Next 3YN/A
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 32.83 and the Price/Book (PB) ratio is 10.95.


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%.