NorAm Drilling AS
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.
Market Cap & Net Worth: NorAm Drilling AS (TM9)
NorAm Drilling AS (F:TM9) has a market capitalization of $180.08 Million (€175.44 Million) as of March 18, 2026. Listed on the F stock exchange, this Germany-based company holds position #19284 globally and #2051 in its home market, demonstrating a 14.41% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying NorAm Drilling AS's stock price €4.05 by its total outstanding shares 43317957 (43.32 Million).
NorAm Drilling AS Market Cap History: 2022 to 2026
NorAm Drilling AS's market capitalization history from 2022 to 2026. Data shows growth from $46.31 Million to $180.08 Million (75.89% CAGR).
NorAm Drilling AS Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how NorAm Drilling AS's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.49x
NorAm Drilling AS's market cap is 0.49 times its annual revenue
0.25x
Higher than industry averageLatest Price to Earnings (P/E) Ratio
15.55x
NorAm Drilling AS's market cap is 15.55 times its annual earnings
8.06x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2022 | $46.31 Million | $95.45 Million | $2.98 Million | 0.49x | 15.55x |
Competitor Companies of TM9 by Market Capitalization
Companies near NorAm Drilling AS in the global market cap rankings as of March 18, 2026.
Key companies related to NorAm Drilling AS by market ranking:
- Schlumberger NV (NYSE:SLB): Ranked #319 globally with a market cap of $66.89 Billion USD.
- Baker Hughes Co (NASDAQ:BKR): Ranked #399 globally with a market cap of $54.42 Billion USD.
- Halliburton Company (NYSE:HAL): Ranked #713 globally with a market cap of $28.43 Billion USD.
- TechnipFMC PLC (NYSE:FTI): Ranked #790 globally with a market cap of $25.18 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #319 | Schlumberger NV | NYSE:SLB | $66.89 Billion | $44.96 |
| #399 | Baker Hughes Co | NASDAQ:BKR | $54.42 Billion | $55.19 |
| #713 | Halliburton Company | NYSE:HAL | $28.43 Billion | $34.16 |
| #790 | TechnipFMC PLC | NYSE:FTI | $25.18 Billion | $63.72 |
NorAm Drilling AS Historical Marketcap From 2022 to 2026
Between 2022 and today, NorAm Drilling AS's market cap moved from $46.31 Million to $ 180.08 Million, with a yearly change of 75.89%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | €180.08 Million | +49.72% |
| 2025 | €120.28 Million | -2.17% |
| 2024 | €122.94 Million | -24.25% |
| 2023 | €162.30 Million | +250.49% |
| 2022 | €46.31 Million | -- |
End of Day Market Cap According to Different Sources
On Mar 17th, 2026 the market cap of NorAm Drilling AS was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $180.08 Million USD |
| MoneyControl | $180.08 Million USD |
| MarketWatch | $180.08 Million USD |
| marketcap.company | $180.08 Million USD |
| Reuters | $180.08 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.