Top 50 Magic Formula Norway | Magic Formula Investing

Top 50 Norway

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Top 50 Methodology Norway

Norway market currently offers exceptional opportunities for "value" investors. Using the Magic Formula, we have identified the 50 companies combining a high Earnings Yield and a solid ROC.

Flash Market Analysis

Current analysis of the Norway market highlights a strong Top 5 (including VEI.OL, KID.OL, OKEA.OL, SATS.OL, ATEA.OL) with an average Earnings Yield of 62.2% and an average ROC of 1802.1%. These figures confirm the presence of high-profitability stocks undervalued by the market.

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

MMagic Rank	Ticker	Price	Var.	EYEarnings Yield	ROC	EV
1	VEIVeidekke ASA	NOK 180.40	+0.11%	8.6%	Exceptional3309.0%*	20.7 B
2	KIDKid ASA	NOK 124.20	+2.48%	9.7%	Exceptional1043.0%*	5.7 B
3	OKEAOkea ASA	NOK 39.20	-3.44%	276.6%	324.6%	1.8 B
4	SATSSats ASA	NOK 43.80	+0.45%	8.4%	Exceptional2401.0%*	8.8 B
5	ATEAAtea ASA	NOK 160.20	+0.76%	7.5%	Exceptional1933.0%*	15.6 B
6	BOUVBouvet	NOK 47.90	+1.59%	9.0%	195.1%	5.5 B
7	EPREuropris ASA	NOK 93.80	+0.87%	8.0%	227.8%	15.4 B
8	VENDVEND MARKETPLACES ASA	NOK 240.20	-0.74%	9.4%	92.6%	54.4 B
9	AUSSAustevoll Seafood ASA	NOK 93.40	+0.11%	24.3%	38.6%	23.4 B
10	SNIStolt-Nielsen Limited	NOK 307.00	-2.82%	2.3%	994.8%	23.6 B
11	SHLFShelf Drilling Ltd	NOK 18.44	0.00%	4.0%	164.7%	5.8 B
12	BRGBorregaard ASA	NOK 148.60	-0.13%	6.2%	113.9%	21.1 B
13	PENPanoro Energy ASA	NOK 32.70	-5.46%	4.0%	107.9%	2.4 B
14	NORBTNorbit ASA	NOK 187.30	+0.54%	2.9%	69.6%	11.7 B
15	CADLRCadeler As	NOK 61.90	+0.40%	0.4%	106.9%	17.0 B
16	PEXIPPexip Holding ASA	NOK 77.10	+0.52%	1.9%	24.0%	5.8 B
17	KITKitron ASA	NOK 108.20	+1.89%	0.4%	29.4%	13.5 B
18	ZAPZaptec AS	NOK 47.75	+4.47%	1.0%	4.2%	2.1 B

Methodology Note

* Exceptional ROC

A rating above 1000% signifies companies with 'Negative Working Capital'. This occurs when current liabilities exceed tangible assets, meaning the business effectively operates using its suppliers' or customers' money.

Note: Traditional ROC is capped at 999% to prioritize these high-efficiency structures in our ranking algorithm.

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 Veidekke ASA (VEI.OL) or Kid ASA (KID.OL). The current ranking shows that Top 50 leaders display remarkable operational efficiency with an average return on capital of 1802.1%. The systematic approach applied here allows focusing on raw capital performance. Investors may note that companies such as Okea ASA (OKEA.OL) and Sats ASA (SATS.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.