Northern Ocean Ltd
Northern Ocean Ltd. provides offshore contract drilling services for the oil and gas industry worldwide. The company owns and operates two semi-submersible rigs. It also invests in power generation solutions. The company was incorporated in 2017 and is based in Hamilton, Bermuda. Northern Ocean Ltd. is a subsidiary of Hemen Holding Limited.
Market Cap & Net Worth: Northern Ocean Ltd (NTNOF)
Northern Ocean Ltd (PINK:NTNOF) has a market capitalization of $199.52 Million ($199.52 Million) as of March 18, 2026. Listed on the PINK stock exchange, this USA-based company holds position #20561 globally and #7452 in its home market, demonstrating a 0.00% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Northern Ocean Ltd's stock price $0.66 by its total outstanding shares 303215392 (303.22 Million).
Northern Ocean Ltd Market Cap History: 2021 to 2025
Northern Ocean Ltd's market capitalization history from 2021 to 2025. Data shows change from $520.38 Million to $199.52 Million (-20.88% CAGR).
Northern Ocean Ltd Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Northern Ocean Ltd'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
0.76x
Northern Ocean Ltd's market cap is 0.76 times its annual revenue
0.90x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
N/A
P/E ratio not applicable due to negative or zero earnings
What 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 |
|---|---|---|---|---|---|
| 2021 | $520.38 Million | $67.78 Million | -$11.03 Million | 7.68x | N/A |
| 2023 | $400.24 Million | $235.16 Million | -$70.90 Million | 1.70x | N/A |
| 2024 | $199.52 Million | $263.53 Million | -$65.66 Million | 0.76x | N/A |
Competitor Companies of NTNOF by Market Capitalization
Companies near Northern Ocean Ltd in the global market cap rankings as of March 18, 2026.
Key companies related to Northern Ocean Ltd by market ranking:
- Transocean Ltd (NYSE:RIG): Ranked #2448 globally with a market cap of $5.97 Billion USD.
- Noble Corporation plc (NYSE:NE): Ranked #2458 globally with a market cap of $5.94 Billion USD.
- Patterson-UTI Energy Inc (NASDAQ:PTEN): Ranked #3888 globally with a market cap of $3.07 Billion USD.
- Helmerich and Payne Inc (NYSE:HP): Ranked #3912 globally with a market cap of $3.05 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #2448 | Transocean Ltd | NYSE:RIG | $5.97 Billion | $6.58 |
| #2458 | Noble Corporation plc | NYSE:NE | $5.94 Billion | $47.64 |
| #3888 | Patterson-UTI Energy Inc | NASDAQ:PTEN | $3.07 Billion | $10.72 |
| #3912 | Helmerich and Payne Inc | NYSE:HP | $3.05 Billion | $35.61 |
Northern Ocean Ltd Historical Marketcap From 2021 to 2025
Between 2021 and today, Northern Ocean Ltd's market cap moved from $520.38 Million to $ 199.52 Million, with a yearly change of -20.88%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2025 | $199.52 Million | 0.00% |
| 2024 | $199.52 Million | -50.15% |
| 2023 | $400.24 Million | -23.09% |
| 2021 | $520.38 Million | -- |
End of Day Market Cap According to Different Sources
On Mar 18th, 2026 the market cap of Northern Ocean Ltd was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $199.52 Million USD |
| MoneyControl | $199.52 Million USD |
| MarketWatch | $199.52 Million USD |
| marketcap.company | $199.52 Million USD |
| Reuters | $199.52 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.