North European Oil Royalty Trust
Research North European Oil Royalty Trust (NRT) on Bullrun: valuation model: 7.9% overvalued, market cap USD 76.83M, P/E 8.2, dividend yield 12.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNRT
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas E&P
- CurrencyUSD
- Valuation signal7.9% overvalued
- Market capUSD 76.83M
- P/E8.2
- Dividend yield12.1%
- Financial periodQ3 2026
- RevenueUSD 2.64M
- Net incomeUSD 2.47M
- Free cash flowUSD 452.43K
Valuation Snapshot
Bullrun's latest valuation model marks North European Oil Royalty Trust as 7.9% overvalued; latest market cap is USD 76.83M; P/E is 8.2; dividend yield is 12.1%.
Peer valuation comparison
Latest P/E is 8.17x versus a Energy sector median of 15.73x (48.1% below).
Latest dividend yield is 12.08% versus a Energy sector median of 3.64% (231.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 8.65M | USD 7.94M | USD 3.16M | n/a | 0.86 | USD 4.79M | n/a | USD 1.94M |
| FY2024 | USD 5.79M | USD 5.06M | USD 830.14K | n/a | 0.55 | USD 1.63M | n/a | USD 1.44M |
| FY2023 | USD 22.02M | USD 21.17M | -USD 6.40M | n/a | 2.3 | USD 795.20K | n/a | USD 795.20K |
| FY2022 | USD 17.80M | USD 17.09M | USD 5.78M | n/a | 1.86 | USD 7.19M | n/a | USD 392.42K |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 76.83M | 8.2 | 12.1% | 1.01 |
| 2025 | 2025-12-31 | USD 60.47M | 7.7 | 12.3% | 0.81 |
| 2024 | 2024-12-31 | USD 37.13M | 7.3 | 11.9% | 0.48 |
| 2023 | 2023-12-29 | USD 53.58M | 2.5 | 38.8% | 2.26 |
| 2022 | 2022-12-30 | USD 116.63M | 6.8 | 14.4% | 1.83 |
| 2021 | 2021-12-31 | USD 92.00M | 23.3 | 4.7% | 0.47 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.01 USD, yield 12.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.81 USD |
| FY2024 | 0.48 USD |
| FY2023 | 2.26 USD |
| FY2022 | 1.83 USD |
About North European Oil Royalty Trust
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. In addition, it holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur.
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Frequently asked questions
Is North European Oil Royalty Trust overvalued or undervalued?
Bullrun's valuation model currently marks North European Oil Royalty Trust as 7.9% overvalued.
What is North European Oil Royalty Trust's market cap?
North European Oil Royalty Trust's market capitalization is USD 76.83M.
What is North European Oil Royalty Trust's P/E ratio?
North European Oil Royalty Trust's price-to-earnings (P/E) ratio is 8.2.
Does North European Oil Royalty Trust pay a dividend?
North European Oil Royalty Trust has a dividend yield of 12.1%.
What does North European Oil Royalty Trust do?
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. In addition, it holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur. The company was founded in 1975 and is based in Keene, New Hampshire.