Northern Ocean Ltd.

Northern Ocean Ltd.verified

NOL.OL

Price:

$8.62

Market Cap:

$257.36M

Northern Ocean Ltd., a drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda.

Industry

Oil & Gas Drilling

IPO Date

2020-02-27

Stock Exchange

OSL

Ticker

NOL.OL

The PE Ratio as of December 2025 (TTM) for Northern Ocean Ltd. (NOL.OL) is -5.32

According to Northern Ocean Ltd.’s latest financial reports and current stock price. The company's current PE Ratio is -5.32. This represents a change of 147.24% compared to the average of -2.15 of the last 4 quarters.

Northern Ocean Ltd. (NOL.OL) Historical PE Ratio (quarterly & annually)

How has NOL.OL PE Ratio performed in the past?

The mean historical PE Ratio of Northern Ocean Ltd. over the last ten years is -6.44. The current -5.32 PE Ratio has changed 8.17% with respect to the historical average. Over the past ten years (40 quarters), NOL.OL's PE Ratio was at its highest in in the December 2021 quarter at 0.24. The PE Ratio was at its lowest in in the September 2019 quarter at -155.85.

Quarterly (TTM)
Annual

Average

-6.44

Median

-2.38

Minimum

-27.95

Maximum

-0.72

Northern Ocean Ltd. (NOL.OL) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Northern Ocean Ltd. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 128.80%

Maximum Annual PE Ratio = -0.72

Minimum Annual Increase = -85.78%

Minimum Annual PE Ratio = -27.95

Quarterly (TTM)
Annual
YearPE RatioChange
2024-2.00-27.91%
2023-2.77128.80%
2022-1.2169.25%
2021-0.72-82.00%
2020-3.97-85.78%

Northern Ocean Ltd. (NOL.OL) Average PE Ratio

How has NOL.OL PE Ratio performed in the past?

The current PE Ratio of Northern Ocean Ltd. (NOL.OL) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

-1.99

5-year avg

-2.13

10-year avg

-6.44

Northern Ocean Ltd. (NOL.OL) PE Ratio vs. Peers

How is NOL.OL’s PE Ratio compared to its peers?

Northern Ocean Ltd.’s PE Ratio is less than Deep Value Driller AS (2.46), greater than OKEA Asa (-20.61), less than Odfjell Technology Ltd. (6.20), less than Prosafe SE (-0.11), less than Reach Subsea ASA (10.93), less than Panoro Energy ASA (6.94), less than NorAm Drilling AS (10.48), less than Dolphin Drilling AS (-0.60), greater than ABL Group ASA (-60.23), greater than Questerre Energy Corporation (-14.38),

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