Goodtech (GOD) - Net Assets

Latest as of March 2026: Nkr293.80 Million NOK ≈ $30.92 Million USD

Based on the latest financial reports, Goodtech (GOD) has net assets worth Nkr293.80 Million NOK (≈ $30.92 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr514.10 Million ≈ $54.10 Million USD) and total liabilities (Nkr220.30 Million ≈ $23.18 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Goodtech tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr293.80 Million
% of Total Assets	57.15%
Annual Growth Rate	N/A
5-Year Change	5.83%
10-Year Change	-10.25%
Growth Volatility	171.73

Goodtech - Net Assets Trend (2000–2025)

This chart illustrates how Goodtech's net assets have evolved over time, based on quarterly financial data. See how many days can Goodtech fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Goodtech (2000–2025)

The table below shows the annual net assets of Goodtech from 2000 to 2025. For live valuation and market cap data, see Goodtech market capitalisation.

Year	Net Assets	Change
2025-12-31	Nkr277.00 Million ≈ $29.15 Million	+5.40%
2024-12-31	Nkr262.80 Million ≈ $27.65 Million	-6.28%
2023-12-31	Nkr280.40 Million ≈ $29.51 Million	+8.31%
2022-12-31	Nkr258.90 Million ≈ $27.24 Million	-1.09%
2021-12-31	Nkr261.74 Million ≈ $27.54 Million	-5.25%
2020-12-31	Nkr276.25 Million ≈ $29.07 Million	+20.18%
2019-12-31	Nkr229.86 Million ≈ $24.19 Million	-1.47%
2018-12-31	Nkr233.29 Million ≈ $24.55 Million	-21.67%
2017-12-31	Nkr297.82 Million ≈ $31.34 Million	-3.50%
2016-12-31	Nkr308.63 Million ≈ $32.48 Million	-9.69%
2015-12-31	Nkr341.75 Million ≈ $35.96 Million	-50.22%
2014-12-31	Nkr686.52 Million ≈ $72.24 Million	-5.33%
2013-12-31	Nkr725.19 Million ≈ $76.31 Million	+5.43%
2012-12-31	Nkr687.82 Million ≈ $72.38 Million	+3.12%
2011-12-31	Nkr666.98 Million ≈ $70.19 Million	+2.52%
2010-12-31	Nkr650.59 Million ≈ $68.46 Million	+74.28%
2009-12-31	Nkr373.31 Million ≈ $39.28 Million	+7.96%
2008-12-31	Nkr345.80 Million ≈ $36.39 Million	+17.38%
2007-12-31	Nkr294.60 Million ≈ $31.00 Million	+104.55%
2006-12-31	Nkr144.02 Million ≈ $15.16 Million	+24.18%
2005-12-31	Nkr115.97 Million ≈ $12.20 Million	+816.65%
2004-12-31	Nkr12.65 Million ≈ $1.33 Million	-38.59%
2003-12-31	Nkr20.60 Million ≈ $2.17 Million	+18662.16%
2002-12-31	Nkr-111.00K ≈ $-11.68K	+98.94%
2001-12-31	Nkr-10.46 Million ≈ $-1.10 Million	+0.48%
2000-12-31	Nkr-10.51 Million ≈ $-1.11 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Goodtech's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 22690000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Nkr59.30 Million	21.41%
Other Components	Nkr444.60 Million	160.51%
Total Equity	Nkr277.00 Million	100.00%

Goodtech Competitors by Market Cap

The table below lists competitors of Goodtech ranked by their market capitalization.

Company	Market Cap
Openbase Inc KQ:049480	$43.51 Million
HPQ SILICON INC. F:O08	$43.51 Million
Mad Paws Holdings Ltd AU:MPA	$43.51 Million
Greattown Holdings Ltd B SHG:900940	$43.52 Million
Wiable Corp KQ:065530	$43.51 Million
Pembangunan Jaya Ancol Tbk JK:PJAA	$43.50 Million
Scan-D TWO:6195	$43.49 Million
SINCLAIRS HOTELS ORD (BSE) NSE:SINCLAIR	$43.48 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Goodtech's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 262,800,000 to 277,000,000, a change of 14,200,000 (5.4%).
Net income of 18,900,000 contributed positively to equity growth.
Share repurchases of 300,000 reduced equity.
New share issuances of 700,000 increased equity.
Other factors decreased equity by 5,100,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr18.90 Million	+6.82%
Share Repurchases	Nkr300.00K	-0.11%
Share Issuances	Nkr700.00K	+0.25%
Other Changes	Nkr-5.10 Million	-1.84%
Total Change	Nkr-	5.40%

Book Value vs Market Value Analysis

This analysis compares Goodtech's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.46x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.94x to 1.46x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	Nkr14.79	Nkr13.85	x
2006-12-31	Nkr11.68	Nkr13.85	x
2007-12-31	Nkr21.69	Nkr13.85	x
2008-12-31	Nkr22.39	Nkr13.85	x
2009-12-31	Nkr23.46	Nkr13.85	x
2010-12-31	Nkr31.98	Nkr13.85	x
2011-12-31	Nkr205.56	Nkr13.85	x
2012-12-31	Nkr21.16	Nkr13.85	x
2013-12-31	Nkr22.32	Nkr13.85	x
2014-12-31	Nkr21.12	Nkr13.85	x
2015-12-31	Nkr10.60	Nkr13.85	x
2016-12-31	Nkr13.60	Nkr13.85	x
2017-12-31	Nkr13.18	Nkr13.85	x
2018-12-31	Nkr10.30	Nkr13.85	x
2019-12-31	Nkr10.15	Nkr13.85	x
2020-12-31	Nkr11.97	Nkr13.85	x
2021-12-31	Nkr9.67	Nkr13.85	x
2022-12-31	Nkr9.55	Nkr13.85	x
2023-12-31	Nkr10.24	Nkr13.85	x
2024-12-31	Nkr9.42	Nkr13.85	x
2025-12-31	Nkr9.50	Nkr13.85	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Goodtech utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 6.82%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.62%
• Asset Turnover: 1.41x
• Equity Multiplier: 1.84x
Recent ROE (6.82%) is above the historical average (-2.78%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	-12.75%	-10.08%	0.52x	2.42x	Nkr-23.58 Million
2006	11.30%	5.09%	1.08x	2.06x	Nkr1.87 Million
2007	20.80%	13.19%	1.11x	1.42x	Nkr31.62 Million
2008	11.10%	6.88%	1.11x	1.46x	Nkr3.80 Million
2009	4.42%	2.93%	1.08x	1.40x	Nkr-20.79 Million
2010	-7.05%	-4.15%	0.83x	2.04x	Nkr-110.79 Million
2011	2.65%	0.88%	1.45x	2.09x	Nkr-48.96 Million
2012	7.92%	2.50%	1.51x	2.10x	Nkr-14.29 Million
2013	5.68%	1.69%	1.58x	2.12x	Nkr-31.26 Million
2014	-3.21%	-0.93%	1.51x	2.29x	Nkr-90.57 Million
2015	-49.79%	-24.29%	1.05x	1.95x	Nkr-203.82 Million
2016	-8.31%	-3.63%	1.21x	1.90x	Nkr-56.34 Million
2017	-5.20%	-2.24%	1.33x	1.75x	Nkr-45.10 Million
2018	-26.77%	-10.92%	1.26x	1.95x	Nkr-85.33 Million
2019	-0.75%	-0.38%	1.01x	1.94x	Nkr-24.58 Million
2020	-0.77%	-0.41%	1.02x	1.85x	Nkr-29.46 Million
2021	-7.09%	-3.44%	1.04x	1.99x	Nkr-44.47 Million
2022	-0.61%	-0.31%	0.93x	2.11x	Nkr-27.48 Million
2023	2.89%	0.97%	1.43x	2.07x	Nkr-19.94 Million
2024	-9.63%	-3.54%	1.35x	2.01x	Nkr-51.58 Million
2025	6.82%	2.62%	1.41x	1.84x	Nkr-8.80 Million

Industry Comparison

This section compares Goodtech's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $1,279,154,875
Average return on equity (ROE) among peers: -7.68%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Goodtech (GOD)	Nkr293.80 Million	-12.75%	0.75x	$43.51 Million
AF Gruppen ASA (AFG)	$325.55 Million	17.64%	3.61x	$2.17 Billion
Cadeler As (CADLR)	$325.26 Million	2.29%	0.31x	$1.94 Billion
DOF Group ASA (DOFG)	$-134.00 Million	0.00%	0.00x	$2.96 Billion
Endur ASA (ENDUR)	$319.60 Million	-164.58%	2.10x	$589.99 Million
Multiconsult AS (MULTI)	$1.23 Billion	20.58%	2.50x	$431.47 Million
Norconsult ASA (NORCO)	$2.26 Billion	20.12%	1.78x	$1.13 Billion
Sentia Asa (SNTIA)	$1.66 Billion	29.79%	2.98x	$75.38K
Veidekke ASA (VEI)	$4.26 Billion	12.68%	4.34x	$2.61 Billion

About Goodtech

OL:GOD Norway Engineering & Construction

Market Cap

$43.51 Million

Nkr413.50 Million NOK

Market Cap Rank

#22473 Global

#203 in Norway

Share Price

Nkr13.85

Change (1 day)

+2.97%

52-Week Range

Nkr8.42 - Nkr13.85

All Time High

Nkr15.50