Var Energi Valuation Multiples

Var Energi Overview

About Var Energi

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL.

Founded

1965

HQ

Employees

1.4K

Website

varenergi.no

Sectors

Oil & Gas

Financials (LTM)

Revenue: $9B

EBITDA: $7B

EV

$18B

Valuation Multiples

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Var Energi Financials

Var Energi reported last 12-month revenue of $9B and EBITDA of $7B.

In the same LTM period, Var Energi generated $8B in gross profit, $7B in EBITDA, and $1B in net income.

Var Energi P&L

In the most recent fiscal year, Var Energi reported revenue of $8B and EBITDA of $7B.

Var Energi expects next 12-month revenue of XXX and NTM EBITDA of XXX

Var Energi Stock Performance

Var Energi has current market cap of $12B, and enterprise value of $18B.

Var Energi's stock price is $4.91.

Var Energi Valuation Multiples

Var Energi trades at 1.9x EV/Revenue multiple, and 2.4x EV/EBITDA.

Var Energi Financial Valuation Multiples

As of April 17, 2026, Var Energi has market cap of $12B and EV of $18B.

Equity research analysts estimate Var Energi's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Var Energi has a P/E ratio of 12.0x.

Var Energi Margins & Growth Rates

Var Energi's revenue in the last 12 month grew by 23%.

Var Energi's revenue per employee in the last FY averaged $5.8M, while opex per employee averaged $0.3M for the same period.

Var Energi's rule of 40 is 132% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Var Energi's rule of X is 205% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Var Energi Public Comps

See public comps and valuation multiples for other Oil & Gas comps.

Var Energi M&A Activity

Var Energi acquired XXX companies to date.

Last acquisition by Var Energi was on XXXXXXXX, XXXXX. Var Energi acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Var Energi Investment Activity

Var Energi invested in XXX companies to date.

Var Energi made its latest investment on XXXXXXXX, XXXXX. Var Energi invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).