Equinor ASA
Research Equinor ASA (EQNR) on Bullrun: valuation model: 22.5% overvalued, market cap USD 107.54B, P/E 11.7, dividend yield 2.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerEQNR
- ExchangeNYSE
- CountryNorway
- SectorEnergy
- IndustryOil & Gas Integrated
- CurrencyUSD
- Valuation signal22.5% overvalued
- Market capUSD 107.54B
- P/E11.7
- Dividend yield2.6%
- Financial periodQ2 2026
- RevenueUSD 34.52B
- Net incomeUSD 4.85B
- Free cash flowUSD 6.60B
- Gross margin46.0%
Valuation Snapshot
Bullrun's latest valuation model marks Equinor ASA as 22.5% overvalued; latest market cap is USD 107.54B; P/E is 11.7; dividend yield is 2.6%.
Peer valuation comparison
Latest P/E is 11.7x versus a Energy sector median of 15.51x (24.5% below).
Latest dividend yield is 2.62% versus a Energy sector median of 3.62% (27.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 105.83B | USD 5.04B | USD 5.98B | 36.2% | 1.94 | USD 5.04B | USD 31.22B | USD 40.42B |
| FY2024 | USD 102.50B | USD 8.81B | USD 7.29B | 41.6% | 3.11 | USD 5.90B | USD 30.10B | USD 42.34B |
| FY2023 | USD 106.85B | USD 11.89B | USD 18.68B | 45.0% | 3.93 | USD 8.07B | USD 31.80B | USD 48.49B |
| FY2022 | USD 149.00B | USD 28.75B | USD 26.38B | 59.6% | 9.03 | USD 9.44B | USD 32.17B | USD 53.99B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 107.54B | 11.7 | 2.7% | 1.15 |
| 2025 | 2025-12-31 | USD 59.08B | 12.4 | 1.6% | 0.37 |
| 2024 | 2024-12-31 | USD 64.62B | 7.7 | 12.7% | 3 |
| 2023 | 2023-12-29 | USD 93.17B | 5.7 | 11.4% | 3.6 |
| 2022 | 2022-12-30 | USD 111.80B | 4.7 | 4.7% | 1.68 |
| 2021 | 2021-12-31 | USD 85.10B | 10.0 | 2.1% | 0.56 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.15 USD, yield 2.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.37 USD |
| FY2024 | 3 USD |
| FY2023 | 3.6 USD |
| FY2022 | 1.68 USD |
About Equinor ASA
Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing;
ETFs that hold Equinor ASA
Equinor ASA is one of the ten largest holdings of 14 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| State Street SPDR MSCI Europe Energy UCITS ETF | 4.70% | 0.18% |
| iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) | 3.59% | 0.47% |
| Franklin European Quality Dividend UCITS ETF | 3.11% | 0.25% |
| iShares MSCI Europe Energy Sector UCITS ETF | 4.96% | 0.18% |
| L&G Europe ex-UK Quality Dividends UCITS ETF EUR Dis | 1.21% | 0.25% |
| WisdomTree Europe Equity Income UCITS ETF | 3.74% | 0.29% |
| FRK EUR QUAL DIV UCITS ETF ACC | 3.22% | 0.25% |
| European Renewal UCITS ETF | 2.70% | 0.60% |
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Frequently asked questions
Is Equinor ASA overvalued or undervalued?
Bullrun's valuation model currently marks Equinor ASA as 22.5% overvalued.
What is Equinor ASA's market cap?
Equinor ASA's market capitalization is USD 107.54B.
What is Equinor ASA's P/E ratio?
Equinor ASA's price-to-earnings (P/E) ratio is 11.7.
Does Equinor ASA pay a dividend?
Equinor ASA has a dividend yield of 2.6%.
What does Equinor ASA do?
Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments.