Stock Analysis
Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share)EQNR
P/E 22.10×· 5Y range 2.81–23.58×· top 1% of history
Sector: Energy
AnalystsSell37 analystsP/E 22.1× sits at the 99th percentile of its 5.086926762491444-year history.
Cash covers 73% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Financial Health75
- Quality72
Risks
- Valuation75
- Growth31
Mixed fundamentals at a demanding price.
Market context
+4.6% today· Z 2.2σ
Bull Case
- ✓Interest coverage 24.1× — debt well covered
What's happening with EQNR
Profile
Strong moat, valuation and financial health; growth lags behind.
How is each axis scored?
- Valuation75/100 · Strong
- P/E vs own history (99th pct)0/25
- FCF yield (8.6%)25/25
- P/S (1.1x)25/25
- EV/EBIT (4.5x)25/25
- Growth31/100 · Weak
- Revenue CAGR (3.9%)6/25
- Net income CAGR (-12.4%)0/25
- EPS CAGR 5Y (-7.3%)0/25
- Fwd implied growth (127.1%)25/25
- Profitability63/100 · Moderate
- ROIC (40.3%)25/25
- ROE (11.7%)12/25
- Net margin (4.8%)6/25
- Operating margin (25.0%)20/25
- Financial Health75/100 · Strong
- Altman Z (2.68)18/25
- Current ratio (1.18)12/25
- Interest coverage (24.1x)25/25
- Net cash / debt (D/A 6%)20/25
- Quality72/100 · Moderate
- Piotroski F (4/9)10/25
- Beneish M (-2.87)25/25
- FCF conversion (190%)25/25
- Margin stability (σ 8.6%)12/25
- Moat82/100 · Strong
- ROIC >12% years (5/5 yrs)25/25
- Median gross margin (45.0%)20/25
- FCF-positive years (5/5 yrs)25/25
- Worst-year net margin (worst 4.8%)12/25
Risk Flags
- ⚠P/E 22.1× at top 1% of 5-year history
About Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share)
Equinor is a Norway-based integrated oil and gas company. Show more
It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
Employees: 24,140 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
75B+P/E (TTM)22.1xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 2.8x–23.6x · 99th pct
P/FCF9.3xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
FCF Yield8.6%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 7.5%–35.0% · 13th pct · Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
P/S (TTM)1.05xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.5x–1.5x · 81st pct
EV/EBIT4.5xA
Grade A: CheapEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 1.0x–4.8x · 99th pct
EV/Sales1.2xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E9.7xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.58xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.61A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.46%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio30.3%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
Profitability
63BROIC40.3%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE11.7%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA6.6%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin4.8%D
Grade D: LowNet Income / Revenue
Operating Margin25.0%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin36.9%C
Grade C: AverageGross Profit / Revenue
FCF Margin9.1%C
Grade C: AverageFCF / Revenue · Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
True FCF Margin9.1%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
Growth
31DRevenue CAGR3.9%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-12.4%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-7.3%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth127.1%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
75B+Altman Z-Score2.68C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.18xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.95xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage24.1xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment0.9yA
Grade A: FastYears to repay net debt via FCF · Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
Net Debt/EBIT0.3xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.75xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.73xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
72B+Piotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.87A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion190.0%A
Grade A: StrongFCF / Net Income · Elevated investment — CapEx = 59% of operating cash flow, weighing on reported FCF
Margin Stability8.6%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue12.8%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.83xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
82AROIC >12% Years5/5 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)45.0%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years5/5 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor4.8%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.13
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$9.53
Cash & short-term investments per share (Finnhub)
Book Value / Share$17.30
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$32.42B
Total debt obligations (short + long term)
Cash & Equiv.$23.73B
Cash and short-term investments
Net Debt$8.69B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$43.13B
Shareholders' equity (book value)
Asset / Liability1.44xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$111.24B
Current Market Capitalization
Beta1.93D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Dec 2025 · Ratio snapshot Oct 17, 2026
Key Insights: Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR)
EQNR is up 4.59% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share). Altman Z-Score of 2.68 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -2.87 suggests a low likelihood of earnings manipulation.
- Takes ~0.9 years to repay net debt from free cash flow.
- At a valuation score of 75/100, EQNR trades near the cheapest end of its own historical range (P/E 22.1).
- The stock currently yields 3.5% in dividends.
See how EQNR ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all EQNR moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | After-hours | 46.97 | +4.56% | 2.25 |
| Oct 8 | Regular | 43.09 | +3.54% | 2.08 |
Frequently Asked Questions about EQNR
What is the current Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) stock price?
EQNR is trading at $46.98 at the last market close, up 4.59% on the session. PreMarketPrice tracks EQNR pre-market, intraday and after-hours prices.
Is EQNR stock a buy right now?
PreMarketPrice's quantitative model rates Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share)'s financial health at 75/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is EQNR stock overvalued?
Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) trades at a trailing P/E of 22.1 and our valuation score rates it 75/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) report earnings?
No confirmed earnings date is currently scheduled for EQNR. The Earnings section lists recent reports and updates as dates are announced.
What sector does Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) operate in?
Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) operates in the Energy sector. The Related Stocks section lists sector peers for comparison.
What does Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) do?
Equinor is a Norway-based integrated oil and gas company.
About Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) Stock
Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) is a US-listed stock operating in the Energy sector. As of the latest update, Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) is trading at $46.98, up 4.59% on the day with a market capitalization of $111.2 billion. The financial health score for EQNR is 75/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for EQNR stock.
EQNR Stock Analysis & Key Metrics
On PreMarketPrice, you can track Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) across multiple dimensions:
- Pre-market price & movement: Real-time EQNR stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for EQNR with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) across multiple reporting periods.
- Financial health score: A composite score of 75/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for EQNR.
- Sector peers: Compare EQNR against 4 other energy stocks on key financial metrics.
Is EQNR a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) as an investment. The financial health score of 75/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.