Vår Energi AS stock
VAR.OLOSLEnergyISIN NO0011202772
75Score 75 out of 100, Strong
Price and trend
56 / 100
Price history
+43% in one yearThe chart shows daily closes over 5 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 7.8% above it.
Since February 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Sharply down: the price has fallen very quickly lately (RSI 19).
The price is 16% below its 52-week high. Largest decline in 5 years: 46% (June 2022 to March 2023).
Chart figures for advanced users
- SMA 50$5.60
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$4.85
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)19
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$3.28
- The lowest closing price of the last twelve months.
- Resistance$6.20
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Vår Energi AS belongs to the Oil & Gas Exploration & Production industry (Norway) and, with a market value of $13.05B, is number 19 of 69 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $7.97B (up 8% year on year) and earnings of $846.4M (up 158.8%).
- MEQIRI Score 75 out of 100 (Strong): rank 27 of 266 in Energy, median 60.
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- The P/E is 8.6 (Oil & Gas Exploration & Production median 10.8, own median of recent years 11.9).
- Our model puts fair value at $7.70, with the price 32% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High dividend yieldDividend yield 9.85%, Oil & Gas Exploration & Production median 3.71%.Capital allocation 76
- High return on capitalReturn on invested capital 35.1% in fiscal 2025, Oil & Gas Exploration & Production median 6.4%.Profitability 88
- Earnings turn into cashFree cash flow 204% of earnings over the last 12 months.Fundamentals 89
Weaknesses
- High debtDebt 4.23 times equity (latest quarter), Oil & Gas Exploration & Production median 0.43.Stability 55
- Analysts expect falling earningsDown 24.1% a year through 2028 (estimates from 12 analysts).
Its standout strengths are valuation and fundamentals.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high price swings
What lowers it
- solid fundamentals
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $5.92 and expensive above $11.00 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $8.88 (cash-flow model) and $6.52 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $7.22, at 7.8% it would be $8.40.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (10.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 62.7% on the twelve months before. Revenue has grown strongly since 2019, at around 19% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 50%, operating 53%, net 11%.
Debt & balance sheet
latest quarterMeaningfully leveraged, but the interest bill is comfortably covered.
Earnings
- Next earnings
- 9 Feb 2027in 89 days
- Last reported
- 21 Oct 2026EPS reported 1.02 (expected 1.74)below expectations
Analyst estimates
Analysts have raised their 2027 earnings estimate by 19.1% since 15 Oct 2026.
- Earnings per share
- 0.76−0.5%
- Revenue
- $13.77B+3.8%
- Earnings per share
- 0.61+19.1%
- Revenue
- $12.75B+11.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Vår Energi AS
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 75
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Exploration & Production
The next larger and next smaller companies by market value
- Tourmaline OilTOU.TO $17.68B51
- OvintivOVV $17.05B71
- APAAPA $15.69B80
- Whitecap ResourcesWCP.TO $14.54B71
- Range ResourcesRRC $12.12B69
- Antero ResourcesAR $11.74B66
- PrioPRIO3.SA $8.83B66
- Chord EnergyCHRD $7.63B63
ETFs that hold Vår Energi AS
Held by 73 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Global X Superdividend UCITS ETF USDUDIV | 1.64% | 0.45% | €842.65M |
| iShares MSCI Europe SRI UCITS ETF EUR (Acc)ESIE | 0.93% | 0.18% | €307.24M |
| State Street SPDR MSCI Europe Energy UCITS ETFSPYN | 0.84% | 0.18% | €575.12M |
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| iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)IS0D | 0.69% | 0.55% | €373.7M |
| iShares STOXX Europe Small 200 UCITS ETF (DE)EXSE | 0.62% | 0.20% | €632.25M |
| L&G MSCI Europe Climate Pathway UCITS ETFDELF | 0.60% | 0.10% | €1.42B |
| iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE)EXH1 | 0.52% | 0.47% | €622.97M |
| iShares MSCI Europe Mid-Cap Equal Weight UCITS ETFCEMT | 0.46% | 0.25% | €36.18M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = NOK 9.5394)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 17 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.