AS ESAB
Score · fiscal year 2023
46of 100
How to read this: the company is ahead of 44 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 19,781 of 34,736 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 52 and solidity 40 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
AS ESAB is 3 points below the median for medium-sized companies in the same sector in 2023.
Median score 49 among 1,875 companies.
Against medium-sized companies in the same sector in 2023: operating margin 3.7% (median 3.2%) and equity ratio 26.0% (median 32.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 119 MNOK | 177 MNOK |
| Operating margin | 3.7% | 3.2% |
| Profit margin | 3.9% | 3.1% |
| Return on assets | 11.2% | 11.4% |
| Equity ratio | 26.0% | 32.2% |
| Debt-to-equity | 2.84 | 2.06 |
| Current ratio | 1.22 | 1.39 |
| Revenue growth | – | 4.2% |
| Revenue per employee | 19.91 MNOK | 6.27 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 46, AS ESAB does better than 44% of medium-sized companies in the same sector (1,875 companies) in 2023.
Score 2023–2025
- AS ESAB
- Median: medium-sized companies in the same sector
What the numbers say
AS ESAB had an operating margin of 3.7% and an equity ratio of 26.0% in 2023, and ranks 19,781 of 34,736 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 11 MNOK and 46 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 46 MNOK |
| EV/EBIT | 8.0 | 38 MNOK |
| P/B | 1.0 | 11 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.9% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 52 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 35 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 53 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is AS ESAB?
The operating margin was 3.7% in 2023, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 11.2%.
How solid is AS ESAB?
The equity ratio was 26.0% in 2023 (median 32.2%). Debt-to-equity was 2.84 (median 2.06).
What is the liquidity of AS ESAB like?
The current ratio was 1.22 in 2023 (median 1.39).
How does AS ESAB compare in Handel?
AS ESAB ranks 19,781 of 34,736 in Handel for 2023. Among companies of the same size (medium-sized companies) it ranks 1,049 of 1,875.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 911510413
- Legal form
- AS · part of a group
- Sector
- Handel (46.620)
- Size tier
- medium
- Employees
- 6 registered 10 July 2026
- Founded
- 22 April 1938 88 years in operation
- Share capital
- 1.50 MNOK
- Business address
- Nedre Fritzøegate 2, 3264 LARVIK
- Municipality
- Larvik rank 4 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.esab.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Per Mikael Mimer
- Chair of the board
- Kjetil Hansen
- Board member
- Ellen Andersskog Lejdström
- Board member
- Curtis Evan Jewell
- Auditor
- ERNST & YOUNG AS
- Accountant
- AZETS INSIGHT AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 46 | 47 | 46 | |
| Rank | 19,781 | 20,787 | 22,469 | |
| Operating margin | 3.7% | 3.8% | 3.3% | |
| Return on assets | 11.2% | 14.6% | 14.4% | |
| Equity ratio | 26.0% | 22.9% | 24.9% | |
| Current ratio | 1.22 | 1.14 | 1.13 | |
| Revenue growth | – | 11.4% | 6.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 119.5 MNOK | 133.1 MNOK | 141.3 MNOK |
| Operating profit | 4.4 MNOK | 5.1 MNOK | 4.7 MNOK |
| Profit before tax | 4.6 MNOK | 5.6 MNOK | 4.9 MNOK |
| Net profit | 4.6 MNOK | 5.6 MNOK | 4.9 MNOK |
| Financial expenses | 0.3 MNOK | 0.1 MNOK | – |
| Total assets | 43.8 MNOK | 39.4 MNOK | 34.2 MNOK |
| Current assets | 39.5 MNOK | 34.7 MNOK | 29.1 MNOK |
| Equity | 11.4 MNOK | 9.0 MNOK | 8.5 MNOK |
| Retained earnings | 9.9 MNOK | 7.5 MNOK | 7.0 MNOK |
| Total liabilities | 32.4 MNOK | 30.4 MNOK | 25.7 MNOK |
| Current liabilities | 32.4 MNOK | 30.4 MNOK | 25.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5368831.
Further
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