Friday 6 November 2026 Export EQNR’s income statement to Excel — free account

Equinor ASA

EQNR Energy Oil & Gas Integrated

Equinor ASA’s revenue for fiscal 2025 (year ended December 2025) was $106.5 billion, up 2.59% from fiscal 2024.

Revenue: +27.4%
EPS: +1,440.0%
Free cash flow: +60.9%
Total debt: −4.44%

Quarter to September 2026, against a year earlier

42.11 0.43 −1.01%

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Market cap: $101.7B
P/E: 8.8×
Fwd P/E: 8.3×
Dividend yield: 3.56%
F-score: 5/9
Altman Z: 2.43
Beneish M: −2.99
Dividend safety: 34/100

Overview

Equinor ASA (EQNR) P/B ratio

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As of 5 November 2026, Equinor ASA (EQNR) trades at a P/B ratio of 2.2×. Over the past ten years it has ranged from 0.7× (March 2020) to 3.2× (August 2022); the current reading is higher than 87% of that period. That is above the Oil & Gas Integrated industry median of 1.4× and above the Energy sector median of 1.4×.

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<iframe src="https://stockrow.com/embed/EQNR/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Equinor ASA P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/EQNR/metrics/pb-ratio">Equinor ASA (EQNR) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	1.5×	(4.05%)
FY2024	1.6×	(19.58%)
FY2023	2.0×	2.31%
FY2022	1.9×	(12.46%)
FY2021	2.2×	38.24%
FY2020	1.6×	(1.56%)
FY2019	1.6×	(1.76%)
FY2018	1.6×	(9.14%)
FY2017	1.8×	6.41%
FY2016	1.7×	53.86%

Period	P/B ratio	Change
Sep 2026	2.2×	24.02%
Jun 2026	1.8×	(26.67%)
Mar 2026	2.4×	59.52%
Dec 2025	1.5×	(0.31%)
43 more quarters	Free account

Against its own ten years

Low 0.7× High 3.2×

Ten-year median 1.6×

Current reading's percentile 86

Company	P/B ratio
PBR.A Petroleo Brasileiro S.A.- Petrobras compare	1.2×
E Eni SpA compare	1.2×
PBR Petroleo Brasileiro S.A.- Petrobras compare	1.3×
SHEL Shell PLC Unsponsored ADR compare	1.4×
TTE TotalEnergies SE Sponsored ADR compare	1.5×
EC Ecopetrol S.A. compare	1.5×
BP BP p.l.c. compare	1.5×
CVE Cenovus Energy Inc compare	2.1×
EQNR Equinor ASA	2.2×
Oil & Gas Integrated industry median	1.4×
Energy sector median	1.4×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Equinor ASA (EQNR) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on EQNR

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on EQNR

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