Norbit ASA (NORBT) - Net Assets

Latest as of September 2025: Nkr1.25 Billion NOK ≈ $131.90 Million USD

Based on the latest financial reports, Norbit ASA (NORBT) has net assets worth Nkr1.25 Billion NOK (≈ $131.90 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.50 Billion ≈ $262.89 Million USD) and total liabilities (Nkr1.24 Billion ≈ $130.99 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 Norbit ASA (NORBT) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr1.25 Billion
% of Total Assets	50.17%
Annual Growth Rate	42.55%
5-Year Change	164.97%
10-Year Change	N/A
Growth Volatility	53.41

Norbit ASA - Net Assets Trend (2016–2024)

This chart illustrates how Norbit ASA's net assets have evolved over time, based on quarterly financial data. See NORBT defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Norbit ASA (2016–2024)

The table below shows the annual net assets of Norbit ASA from 2016 to 2024. For live valuation and market cap data, see market cap of Norbit ASA.

Year	Net Assets	Change
2024-12-31	Nkr1.16 Billion ≈ $121.78 Million	+45.98%
2023-12-31	Nkr792.80 Million ≈ $83.43 Million	+32.29%
2022-12-31	Nkr599.30 Million ≈ $63.06 Million	+20.37%
2021-12-31	Nkr497.89 Million ≈ $52.39 Million	+13.99%
2020-12-31	Nkr436.76 Million ≈ $45.96 Million	-1.54%
2019-12-31	Nkr443.58 Million ≈ $46.68 Million	+180.90%
2018-12-31	Nkr157.91 Million ≈ $16.62 Million	+37.48%
2017-12-31	Nkr114.86 Million ≈ $12.09 Million	+69.21%
2016-12-31	Nkr67.88 Million ≈ $7.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Norbit ASA'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 grown by 1199.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Nkr521.90 Million	45.09%
Common Stock	Nkr6.40 Million	0.55%
Other Components	Nkr629.10 Million	54.35%
Total Equity	Nkr1.16 Billion	100.00%

Norbit ASA Competitors by Market Cap

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

Company	Market Cap
Sinomach Automobile Co Ltd SHG:600335	$1.15 Billion
Precision Drilling Corporation TO:PD	$1.15 Billion
Shandong Hi-Speed Road&Bridge SHE:000498	$1.15 Billion
Shaanxi Provincial Natural Gas Co Ltd SHE:002267	$1.15 Billion
Xiangyu Medical Co. Ltd. A SHG:688626	$1.15 Billion
Under Armour Inc C NYSE:UA	$1.15 Billion
Beijing Jiuzhou Yi Gui Environmental Technology Co. Ltd. SHG:688485	$1.15 Billion
Changzhou NRB Corp SHE:002708	$1.15 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 793,400,000 to 1,157,400,000, a change of 364,000,000 (45.9%).
Net income of 243,300,000 contributed positively to equity growth.
Dividend payments of 152,900,000 reduced retained earnings.
Share repurchases of 200,800,000 reduced equity.
New share issuances of 205,800,000 increased equity.
Other factors increased equity by 268,600,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Nkr243.30 Million	+21.02%
Dividends Paid	Nkr152.90 Million	-13.21%
Share Repurchases	Nkr200.80 Million	-17.35%
Share Issuances	Nkr205.80 Million	+17.78%
Other Changes	Nkr268.60 Million	+23.21%
Total Change	Nkr-	45.88%

Book Value vs Market Value Analysis

This analysis compares Norbit ASA'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: 9.39x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 91.98x to 9.39x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	Nkr1.86	Nkr170.80	x
2018-12-31	Nkr2.61	Nkr170.80	x
2019-12-31	Nkr7.80	Nkr170.80	x
2020-12-31	Nkr7.68	Nkr170.80	x
2021-12-31	Nkr8.52	Nkr170.80	x
2022-12-31	Nkr10.18	Nkr170.80	x
2023-12-31	Nkr13.29	Nkr170.80	x
2024-12-31	Nkr18.19	Nkr170.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Norbit ASA 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): 21.02%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.89%
• Asset Turnover: 0.80x
• Equity Multiplier: 1.89x
Recent ROE (21.02%) is above the historical average (15.88%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-11.76%	-2.01%	1.13x	5.18x	Nkr-11.52 Million
2017	27.03%	8.14%	0.99x	3.35x	Nkr17.95 Million
2018	32.14%	10.87%	0.93x	3.17x	Nkr32.82 Million
2019	17.44%	11.56%	1.11x	1.35x	Nkr32.96 Million
2020	6.26%	4.41%	0.92x	1.54x	Nkr-16.34 Million
2021	9.62%	6.08%	0.81x	1.96x	Nkr-1.89 Million
2022	17.80%	9.14%	0.96x	2.04x	Nkr46.77 Million
2023	23.36%	12.20%	1.02x	1.89x	Nkr105.96 Million
2024	21.02%	13.89%	0.80x	1.89x	Nkr127.56 Million

Industry Comparison

This section compares Norbit ASA's net assets metrics with peer companies in the Scientific & Technical Instruments industry.

Industry Context

Industry: Scientific & Technical Instruments
Average net assets among peers: $360,040,500
Average return on equity (ROE) among peers: 2.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Norbit ASA (NORBT)	Nkr1.25 Billion	-11.76%	0.99x	$1.15 Billion
General Oceans ASA (GENO)	$718.39 Million	5.45%	0.83x	$409.65 Million
Next Biometrics Group ASA (NEXT)	$1.69 Million	0.00%	7.56x	$11.38 Million

About Norbit ASA

OL:NORBT Norway Scientific & Technical Instruments

Market Cap

$1.15 Billion

Nkr10.90 Billion NOK

Market Cap Rank

#8490 Global

#62 in Norway

Share Price

Nkr170.80

Change (1 day)

-0.81%

52-Week Range

Nkr166.20 - Nkr237.60

All Time High

Nkr237.60