Elkem ASA Ratios and Metrics

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	18,595	19,331	11,111	13,413	22,334	18,833
Market Cap Growth	35.13%	73.99%	-17.17%	-39.94%	18.59%	14.15%
Enterprise Value	27,975	28,701	22,780	22,095	25,778	24,717
Last Close Price	29.32	30.48	17.23	20.81	28.85	22.67
PE Ratio	61.78	-	22.77	186.29	2.34	4.07
Forward PE	21.81	23.32	9.71	33.65	5.29	5.31
PS Ratio	1.12	1.17	0.62	0.64	0.50	0.57
PB Ratio	0.77	0.81	0.43	0.55	0.78	0.95
P/TBV Ratio	0.79	0.82	0.44	0.61	0.84	1.08
P/FCF Ratio	-	-	-	-	4.38	11.44
P/OCF Ratio	15.81	16.44	5.47	4.84	2.40	3.83
PEG Ratio	0.20	-	-	0.21	0.16	-
EV/Sales Ratio	1.69	1.74	1.28	1.05	0.57	0.75
EV/EBITDA Ratio	6.84	7.20	5.52	3.99	1.91	3.41
EV/EBIT Ratio	20.35	21.18	16.17	6.83	2.20	4.37
EV/FCF Ratio	-24.48	-	-	-	5.05	15.01
Debt / Equity Ratio	0.50	0.50	0.50	0.67	0.43	0.63
Debt / EBITDA Ratio	2.94	2.94	3.10	2.93	0.91	1.70
Debt / FCF Ratio	-	-	-	-	2.43	7.61
Net Debt / Equity Ratio	0.39	0.39	0.33	0.41	0.11	0.28
Net Debt / EBITDA Ratio	2.33	2.33	2.08	1.81	0.23	0.76
Net Debt / FCF Ratio	-8.11	-8.11	-6.28	-4.51	0.61	3.34
Asset Turnover	0.33	0.33	0.34	0.41	0.95	0.91
Inventory Turnover	1.27	1.27	1.09	1.10	2.39	2.42
Quick Ratio	0.36	0.36	0.50	1.00	1.23	1.00
Current Ratio	2.72	2.72	2.86	2.03	2.25	1.76
Return on Equity (ROE)	1.54%	1.54%	8.38%	7.88%	39.63%	28.69%
Return on Assets (ROA)	1.68%	1.68%	1.70%	3.92%	15.49%	9.72%
Return on Invested Capital (ROIC)	2.94%	2.88%	4.08%	7.11%	32.27%	19.50%
Return on Capital Employed (ROCE)	3.90%	3.90%	3.60%	8.10%	28.60%	19.10%
Earnings Yield	-3.59%	-3.46%	4.39%	0.54%	42.81%	24.57%
FCF Yield	-6.15%	-5.91%	-12.31%	-16.54%	22.84%	8.74%
Dividend Yield	1.01%	-	1.74%	-	20.80%	13.23%
Payout Ratio	-	-	-	5298.61%	19.87%	2.07%
Buyback Yield / Dilution	-0.07%	-0.07%	0.26%	-0.03%	-2.18%	-6.99%
Total Shareholder Return	0.96%	-0.07%	2.00%	-0.03%	18.62%	6.24%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.