Norske Tog AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 28 of 65 · What are Morning company classes?
Place in the whole sector: 896 of 2,063 · Forretningsmessig tjenesteyting
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 60 and solidity 61 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Norske Tog AS is 4 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 65 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 29.3% (median 3.8%) and equity ratio 25.3% (median 20.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,710 MNOK | 888 MNOK |
| Operating margin | 29.3% | 3.8% |
| Profit margin | 18.5% | 3.8% |
| Return on assets | 4.2% | 9.3% |
| Equity ratio | 25.3% | 20.6% |
| Debt-to-equity | 2.95 | 3.86 |
| Current ratio | 0.72 | 1.09 |
| Revenue growth | 14.9% | 5.1% |
| Revenue per employee | 18.00 MNOK | 3.73 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 53, Norske Tog AS does better than 58% of companies in the Morning class Large in the same sector (65 companies) in 2025.
Score 2023–2025
- Norske Tog AS
- Median: companies in the Morning class Large in the same sector
Norske Tog AS has a score of 53 for 2025, rank 896 of 2,063 in the sector.
Strongest: Growth: percentile 75 against peers, revenue growth 14.9% against a median of 5.1%. Solidity: percentile 61 against peers, equity ratio 25.3% against a median of 20.6%.
Weakest: Liquidity: percentile 17 against peers, current ratio 0.72 against a median of 1.09.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.4 times current assets. Based on: current ratio 0.72 (median 1.09).
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Norske Tog AS had an operating margin of 29.3% and an equity ratio of 25.3% in 2025, and ranks 896 of 2,063 in Forretningsmessig tjenesteyting.
From 2024 to 2025: the operating margin rose from 23.2% to 29.3% and revenue grew by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2,464 MNOK and 4,257 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,464 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 4,257 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
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.72 (median 1.09).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.1% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −3.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 60 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | 75 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 51 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norske Tog AS?
The operating margin was 29.3% in 2025, against a median of 3.8% among companies in the Morning class Large in the same sector. Return on assets was 4.2%.
How solid is Norske Tog AS?
The equity ratio was 25.3% in 2025 (median 20.6%). Debt-to-equity was 2.95 (median 3.86).
What is the liquidity of Norske Tog AS like?
The current ratio was 0.72 in 2025 (median 1.09). Current assets did not cover current liabilities.
How does Norske Tog AS compare in Forretningsmessig tjenesteyting?
Norske Tog AS ranks 896 of 2,063 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Large it is number 28 of 65. Revenue changed by 14.9% from the year before.
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.
- 917445060
- Legal form
- AS · part of a group
- Sector
- Forretningsmessig tjenesteyting (77.390)
- Morning company class
- Large
- Employees
- 95 registered 10 September 2026
- Founded
- 16 June 2016 10 years in operation
- Share capital
- 101.00 MNOK
- Business address
- Drammensveien 35, 0271 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 5493004632KI8NGDEX09 renews 20 August 2027
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
Loading roles …
Source: Central Coordinating Register, fetched 3 November 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 51 | 48 | 53 | |
| Rank | 934 | 1,088 | 896 | |
| Operating margin | 27.7% | 23.2% | 29.3% | |
| Return on assets | 3.6% | 3.0% | 4.2% | |
| Equity ratio | 25.9% | 25.7% | 25.3% | |
| Current ratio | 0.46 | 0.74 | 0.72 | |
| Revenue growth | – | 2.8% | 14.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,447.5 MNOK | 1,488.4 MNOK | 1,710.1 MNOK |
| Operating profit | 400.8 MNOK | 345.8 MNOK | 501.9 MNOK |
| Profit before tax | 208.9 MNOK | 153.1 MNOK | 316.1 MNOK |
| Net profit | 162.8 MNOK | 119.2 MNOK | 246.4 MNOK |
| Financial expenses | 297.5 MNOK | 289.5 MNOK | 389.8 MNOK |
| Total assets | 13,908.4 MNOK | 14,551.4 MNOK | 16,820.4 MNOK |
| Current assets | 538.4 MNOK | 1,089.0 MNOK | 1,353.8 MNOK |
| Equity | 3,605.9 MNOK | 3,743.7 MNOK | 4,257.4 MNOK |
| Retained earnings | 1,205.9 MNOK | 1,343.7 MNOK | 1,558.8 MNOK |
| Total liabilities | 10,302.5 MNOK | 10,807.7 MNOK | 12,563.1 MNOK |
| Current liabilities | 1,165.3 MNOK | 1,474.0 MNOK | 1,868.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7141529.
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