BW Offshore Ratios and Metrics

Market cap in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 18, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	9,331	5,415	4,054	4,495	5,135	6,820
Market Cap Growth	62.28%	33.59%	-9.81%	-12.46%	-24.71%	-44.13%
Enterprise Value	23,011	20,337	19,519	17,370	14,559	18,062
Last Close Price	51.30	26.91	18.13	18.11	17.97	24.51
PE Ratio	6.36	3.95	3.98	3.52	9.31	-
Forward PE	6.86	5.49	1.11	3.75	4.71	5.30
PS Ratio	1.80	0.79	0.61	0.59	0.70	0.90
PB Ratio	0.73	0.38	0.33	0.40	0.57	0.84
P/TBV Ratio	0.90	0.47	0.43	0.53	0.86	1.07
P/FCF Ratio	1167.75	-	-	-	2.71	2.62
P/OCF Ratio	2.45	1.31	0.72	0.70	1.14	2.05
EV/Sales Ratio	4.45	2.95	2.92	2.28	1.99	2.38
EV/EBITDA Ratio	9.47	5.79	6.49	5.27	4.19	4.91
EV/EBIT Ratio	17.96	12.78	16.27	12.88	12.44	13.86
EV/FCF Ratio	2879.88	-	-	-	7.69	6.95
Debt / Equity Ratio	1.27	1.28	1.31	1.11	1.12	1.16
Debt / EBITDA Ratio	6.14	5.05	5.15	3.71	2.84	2.52
Debt / FCF Ratio	2018.75	-	-	-	5.31	3.61
Net Debt / Equity Ratio	0.96	1.04	1.01	0.91	0.85	1.01
Net Debt / EBITDA Ratio	4.78	4.18	4.06	3.11	2.19	2.23
Net Debt / FCF Ratio	1534.25	-76.02	-4.91	-13.16	4.03	3.15
Asset Turnover	0.13	0.15	0.18	0.24	0.30	0.30
Inventory Turnover	-	50.16	50.67	22.22	12.52	7.17
Quick Ratio	2.21	2.21	1.03	0.84	1.01	0.89
Current Ratio	2.21	2.25	1.05	0.89	1.38	1.03
Return on Equity (ROE)	12.16%	9.81%	8.32%	11.92%	6.33%	-25.80%
Return on Assets (ROA)	2.24%	2.19%	1.98%	2.63%	2.97%	3.19%
Return on Invested Capital (ROIC)	5.23%	5.34%	4.44%	5.80%	7.02%	6.95%
Return on Capital Employed (ROCE)	3.70%	3.70%	3.40%	4.70%	5.40%	6.90%
Earnings Yield	16.15%	25.30%	25.11%	28.43%	10.74%	-35.47%
FCF Yield	0.09%	-3.57%	-61.48%	-17.36%	36.85%	38.12%
Dividend Yield	6.17%	13.83%	10.79%	7.62%	6.86%	4.83%
Payout Ratio	39.10%	41.29%	25.20%	19.51%	40.41%	-
Buyback Yield / Dilution	6.88%	2.70%	1.82%	1.90%	-18.97%	4.26%
Total Shareholder Return	12.98%	16.53%	12.62%	9.52%	-12.10%	9.09%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.