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Norwegian technology company making sonar/subsea sensor systems, microelectronics and connectivity products for maritime and IoT uses.
Norwegian technology company making sonar/subsea sensor systems, microelectronics and connectivity products for maritime and IoT uses.
Designs its own sensors and application-specific chips, then sells them as finished hardware to survey, defence and industrial buyers, so a few large orders can swing results from one year to the next. Its sonar, chip-design and vehicle-tracking activities serve unrelated end-markets.
In one line: A Norwegian maritime sonar/sensor and microelectronics technology company.
Moat: narrow (IP / patents, process know-how). Proprietary sonar and ASIC design technology in specialized maritime niches.
Headquarters: Trondheim, Norway · Founded: 1995 · Employees: 672
Size Norbit (NORBT.OL) is a Norway Industrials company (Engineering & Construction) with a market value of $1.12B, the 60th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 161.50 on 6 Nov 2026.
Performance Over six months the shares fell 27.5%, against -17.3% for the median peer and +2.7% for the Norway market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 34.0% over the last twelve months (peer median +6.1%); the operating margin is 21.5% (peer median 6.4%).
Valuation It trades at 21.1× forward earnings against a peer median of 15.6× (3rd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -38 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 22.1 points above its cost of capital (5.8% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 2.86B | NOK 2.50B | NOK 1.75B | NOK 1.52B | NOK 1.17B |
| Revenue growth | — | +43% | +15% | +30% | — |
| Gross profit | NOK 615M | NOK 712M | NOK 471M | NOK 410M | NOK 248M |
| EBITDA | NOK 795M | NOK 647M | NOK 418M | NOK 342M | NOK 195M |
| Net income | NOK 451M | NOK 404M | NOK 243M | NOK 185M | NOK 107M |
| Free cash flow | NOK 602M | NOK 439M | NOK 391M | NOK 299M | NOK 54.2M |
| Capital expenditure | NOK 221M | NOK 201M | NOK 145M | NOK 106M | NOK 92.0M |
| Total debt | NOK 694M | NOK 718M | NOK 542M | NOK 266M | NOK 373M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Norbit NORBT.OL | $1.12B | -28% | +34% | 22% | 21.1× | -5.3% |
| Kongsberg Gruppen KOG.OL | $31.8B | +13% | -28% | 17% | 46.3× | 21.7% |
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NORBT.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | -2.5% | 5th highest of 21 |
| 6-month return | -27.5% | -17.3% | 9th lowest of 21 |
| Distance from 52-week high | -34.0% | -32.8% | 9th lowest of 21 |
| Revenue growth (TTM) | +34.0% | +6.1% | 3rd highest of 21 |
| Operating margin | 21.5% | 6.4% | 3rd highest of 21 |
| Forward P/E | 21.1× | 15.6× | 3rd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | -5.3% | 7.4% | 4th least demanding of 11 |
| Growth delivered (Del g) | +32.2% | +11.2% | highest of 11 |
| Hurdle (Req g minus delivered) | -37.5 pp | -3.5 pp | least demanding of 11 |
| ROIC minus cost of capital | +22.1 pp | -2.0 pp | highest of 19 |
| EV / EBITDA | 13.7× | 12.0× | 4th most expensive of 11 |
| Net debt / EBITDA | 0.7× | 0.7× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Norbit NORBT.OL | Norway | $1.12B | -28% | +34% | 22% | 21.1× | -5.3% | +32.2% |
| IPARK Hyundai Development 294870.KS | South Korea | $1.12B | +4% | -13% | 11% | 4.2× | n/a | n/a |
| Decai Decoration 605287.SS | China | $1.12B | -3% | +17% | 5% | n/a | 25.3% | -5.4% |
| Jiangsu Zeyu Intelligent Electric Power 301179.SZ | China | $1.13B | -20% | +8% | 8% | 32.1× | 24.8% | +15.4% |
| Norconsult NORCO.OL | Norway | $1.14B | +2% | +13% | 7% | 15.7× | -5.9% | +10.6% |
| thyssenkrupp nucera AG & Co. KGaA NCH2.DE | Germany | $1.09B | -13% | -42% | -13% | n/a | n/a | n/a |
| Techno Electric & Engineering TECHNOE.NS | India | $1.14B | -28% | +39% | 13% | 18.8× | n/a | n/a |
| Instalco INSTAL.ST | Sweden | $1.15B | +9% | +9% | 5% | 18.4× | 10.9% | +13.8% |
| Ameresco AMRC | United States | $1.15B | -28% | +9% | 7% | 15.6× | n/a | n/a |
| Renew RNWH.L | United Kingdom | $1.15B | +19% | +8% | 6% | 15.3× | 7.7% | +11.7% |
| IRCON International IRCON.NS | India | $1.08B | -33% | -3% | 7% | 15.4× | n/a | n/a |
| Shenzhen Zhongzhuang Construction 002822.SZ | China | $1.15B | -15% | -56% | -96% | n/a | n/a | n/a |
| Chiyoda 6366.T | Japan | $1.07B | -35% | +16% | 17% | 6.7× | n/a | n/a |
| Anhui Construction Engineering 600502.SS | China | $1.07B | -23% | -4% | 6% | 4.6× | n/a | n/a |
| China Bester Group Telecom 603220.SS | China | $1.17B | -48% | +3% | 6% | 20.0× | n/a | n/a |
| EPIC Suisse EPIC.SW | Switzerland | $1.17B | +2% | +4% | 78% | 20.8× | 7.1% | +4.3% |
| Toa Corporation (Construction) 1885.T | Japan | $1.06B | -29% | +2% | 7% | 9.1× | -12.2% | +13.6% |
| GenusPlus GNP.AX | Australia | $1.18B | -12% | +71% | 6% | 18.1× | 6.2% | +32.1% |
| Fugro FUR.AS | Netherlands | $1.06B | -29% | -11% | 3% | n/a | n/a | n/a |
| HuaDian Heavy Industries 601226.SS | China | $1.04B | -32% | +18% | 2% | 29.5× | 18.2% | +3.2% |
| Tianjin Capital Environmental Protection 600874.SS | China | $1.21B | -9% | -3% | 29% | 9.6× | -15.4% | +7.3% |