PH THORSTENSEN AS
Score · fiscal year 2023
29of 100
How to read this: the company is ahead of 21 % of small companies in the same sector in 2023. What does this mean?
Rank: 2,978 of 3,738 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 24 and solidity 22 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
PH THORSTENSEN AS is 21 points below the median for small companies in the same sector in 2023.
Median score 50 among 3,282 companies.
Against small companies in the same sector in 2023: operating margin −2.8% (median 9.0%) and equity ratio 12.7% (median 35.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 93 MNOK | 2 MNOK |
| Operating margin | −2.8% | 9.0% |
| Profit margin | −3.4% | 5.5% |
| Return on assets | −13.3% | 2.7% |
| Equity ratio | 12.7% | 35.9% |
| Debt-to-equity | 6.87 | 1.08 |
| Current ratio | 0.90 | 1.66 |
| Revenue growth | – | 10.5% |
| Revenue per employee | 11.63 MNOK | 1.60 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 29, PH THORSTENSEN AS does better than 21% of small companies in the same sector (3,284 companies) in 2023.
Score 2023–2025
- PH THORSTENSEN AS
- Median: small companies in the same sector
What the numbers say
PH THORSTENSEN AS had an operating margin of −2.8% and an equity ratio of 12.7% in 2023, and ranks 2,978 of 3,738 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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 1.1 times current assets.
Based on: Current ratio 0.90 (median 1.66).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −3.4% (median 5.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −5.0%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 24 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 31 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 50 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is PH THORSTENSEN AS?
The operating margin was −2.8% in 2023, against a median of 9.0% among small companies in the same sector. Return on assets was −13.3%. The company made a loss before tax.
How solid is PH THORSTENSEN AS?
The equity ratio was 12.7% in 2023 (median 35.9%). Debt-to-equity was 6.87 (median 1.08).
What is the liquidity of PH THORSTENSEN AS like?
The current ratio was 0.90 in 2023 (median 1.66). Current assets did not cover current liabilities.
How does PH THORSTENSEN AS compare in Sjømat?
PH THORSTENSEN AS ranks 2,978 of 3,738 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 2,597 of 3,284.
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.
- 940279089
- Legal form
- AS · part of a group
- Sector
- Sjømat (10.203)
- Size tier
- small
- Employees
- 8 registered 10 September 2026
- Founded
- 2 January 1986 40 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Akershusstranda 23, 0150 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300VQLNVRPTNRPG30 not renewed (lapsed)
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
- Thomas Rene Andersen
- Chair of the board
- Per Jørgen Foss
- Board member
- Stian Engtrø
- Board member
- Geir Tore Andersen
- Board member
- Thomas Rene Andersen
- Board member
- Ketil Heie
- Auditor
- TELL NORGE AS
- Accountant
- SPAREBANK 1 FORRETNINGSPARTNER ØSTLANDET AS
- Accountant
- ECIT SERVICES 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 29 | 40 | 44 | |
| Rank | 2,978 | 2,662 | 2,614 | |
| Operating margin | −2.8% | 0.9% | 3.5% | |
| Return on assets | −13.3% | 4.2% | 13.2% | |
| Equity ratio | 12.7% | 10.7% | 17.5% | |
| Current ratio | 0.90 | 0.69 | 0.80 | |
| Revenue growth | – | −9.3% | −2.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 93.0 MNOK | 84.3 MNOK | 82.6 MNOK |
| Operating profit | −2.6 MNOK | 0.8 MNOK | 2.9 MNOK |
| Profit before tax | −3.2 MNOK | 0.0 MNOK | 2.0 MNOK |
| Net profit | −2.5 MNOK | 0.0 MNOK | 1.6 MNOK |
| Financial expenses | 0.7 MNOK | 0.9 MNOK | 1.0 MNOK |
| Total assets | 19.0 MNOK | 22.6 MNOK | 22.7 MNOK |
| Current assets | 14.9 MNOK | 9.9 MNOK | 11.2 MNOK |
| Equity | 2.4 MNOK | 2.4 MNOK | 4.0 MNOK |
| Retained earnings | 1.8 MNOK | 1.9 MNOK | 3.4 MNOK |
| Total liabilities | 16.6 MNOK | 20.1 MNOK | 18.8 MNOK |
| Current liabilities | 16.6 MNOK | 14.2 MNOK | 14.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5108091.
Further
Similar companies
- AGA FISK AS index 29, rank 2,977 · compare
- SVECO AS index 29, rank 2,979 · compare
- VÅGAGUTT AS index 29, rank 2,980 · compare
- KENFISH HOLDING AS index 29, rank 2,981 · compare
- SÆVIKFISK AS index 29, rank 2,982 · compare