Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Energi AS is a subsidiary of Eni International B.V.
P/E ratio for Vår Energi AS (VAR.OL)
P/E ratio as of 2023: 12.93
According to Vår Energi AS's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.93. At the end of 2022 the company had a P/E ratio of 9.13.
P/E ratio history for Vår Energi AS from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 12.93 |
| 2022 | 9.13 |
| 2021 | 11.98 |
| 2020 | -4.96 |
| 2019 | 100.47 |
| 2018 | 0.00 |