Data is refreshed at the close of each trading session. Magic Formula Investing does not constitute investment advice.

M
Ticker
Price
Var.
EY
ROC
EV
1
OKEAOkea ASA
NOK 38.50
-6.78%
276.6%
324.6%
1.8 B
2
EPREuropris ASA
NOK 94.70
+2.49%
8.0%
227.8%
15.4 B
3
BOUVBouvet
NOK 52.20
+0.19%
9.0%
195.1%
5.5 B
4
SNIStolt-Nielsen Limited
NOK 305.00
+0.16%
2.3%
994.8%
23.6 B
5
SHLFShelf Drilling Ltd
NOK 18.44
0.00%
4.0%
164.7%
5.8 B
6
BRGBorregaard ASA
NOK 150.40
+1.76%
6.2%
113.9%
21.1 B
7
VENDVEND MARKETPLACES ASA
NOK 246.60
+1.07%
9.4%
92.6%
54.4 B
8
AUSSAustevoll Seafood ASA
NOK 92.70
-0.64%
24.3%
38.6%
23.4 B
9
PENPanoro Energy ASA
NOK 32.60
-7.52%
4.0%
107.9%
2.4 B
10
NORBTNorbit ASA
NOK 229.60
+2.78%
2.9%
69.6%
11.7 B
11
CADLRCadeler As
NOK 67.40
+1.58%
0.4%
106.9%
17.0 B
12
PEXIPPexip Holding ASA
NOK 80.80
-1.10%
1.9%
24.0%
5.8 B
13
KITKitron ASA
NOK 104.90
+1.35%
0.4%
29.4%
13.5 B
14
ZAPZaptec AS
NOK 41.15
+12.74%
1.0%
4.2%
2.1 B
Magic Formula Screener © 2026

In-depth Market Analysis: Norway

By examining fundamental data for the Norway market, it appears that Joel Greenblatt's strategy continues to isolate exceptional stocks like Okea ASA (OKEA.OL) or Europris ASA (EPR.OL). The current ranking shows that Top 50 leaders display remarkable operational efficiency with an average return on capital of 381.4%. The systematic approach applied here allows focusing on raw capital performance. Investors may note that companies such as Bouvet (BOUV.OL) and Stolt-Nielsen Limited (SNI.OL) are excellently positioned thanks to their cash-flow generation capacity relative to their enterprise value.

The methodology used to generate this ranking is based on decimal ranking of companies according to two criteria: earnings yield (to ensure not overpaying) and return on capital (to ensure company quality). For the Norway market, this identifies opportunities often ignored by traditional analysts.

This Top 50 ranking for the Norway market is generated by filtering companies with a market capitalization greater than 50 million dollars, excluding financial values and utilities in accordance with Greenblatt's original methodology.

Data is refreshed at the close of each trading session. Magic Formula Investing does not constitute investment advice.