Both stocks run through our valuation models. Here is how Petronor E&P (PNOR) and Cnooc (0883) compare, as of Aug 21, 2026.
As of Aug 21, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Petronor E&P trades at NOK 11.38 versus a fair value of NOK 6.69 (-41%), while Cnooc trades at HK$24.66 versus HK$26.50 (+7%).
Petronor E&P
PNOR.OL · NOK · Energy
-41%
upside to fair value
overvalued
PriceNOK 11.38
Fair ValueNOK 6.69
Quality66/100
Cnooc
0883.HK · HKD · Energy
+7%
upside to fair value
fairly valued
PriceHK$24.66
Fair ValueHK$26.50
Quality63/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Petronor E&PCnooc
Valuation
44.4×P/E (TTM)7.7×
1.93×P/S (TTM)2.67×
1.06×P/B1.35×
1.5×EV/EBITDA4.3×
—PEG0.16×
—Dividend yield4.7%
—Dividend per shareHK$1.15
Profitability
3%Net margin31%
30%Operating margin45%
4%Return on equity15%
11%Return on assets9%
Growth
-17%Revenue growth (YoY)9%
-17.1%Avg. growth/yr (3Y)-3.7%
4.2%Avg. growth/yr (5Y)20.0%
Balance & size
—Debt / equity0.07×
$156MMarket cap$139B
expensiveGrowth qualityexpensive
Cnooc leads: 4 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Petronor E&Pof which business quality 68 · market factors 63Cnoocof which business quality 64 · market factors 65
ProfitabilityMargins and returns on capital today
35
55
Quality GrowthAre margins and returns improving?
40
36
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
34
40
Low VolatilityCalm price path (market factor)
75
83
MomentumPrice trend over the last 3–12 months (market factor)
57
51
52W MomentumDistance to the 52-week high (market factor)
61
68
Net IssuanceBuybacks instead of dilution
100
79
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Petronor E&P
DCF ModelsNOK 2.38
Earnings-BasedNOK 1.11
Dividend DiscountNOK 0.72
MultiplesNOK 0.99
Asset-BasedNOK 0.70
Growth DCFNOK 2.76
Economic ProfitNOK 1.28
Growth EarningsNOK 0.55
24 of 24 models see the stock below the current price.
Cnooc
DCF ModelsHK$41.36
Earnings-BasedHK$27.87
Dividend DiscountHK$25.25
MultiplesHK$33.44
Asset-BasedHK$12.08
Growth DCFHK$33.29
Economic ProfitHK$32.53
Growth EarningsHK$33.61
9 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Petronor E&P
Bear NOK 5.88Fair Value NOK 6.69Bull NOK 8.36
NOK 11.38 = current price (white tick)
Cnooc
Bear HK$19.91Fair Value HK$26.50Bull HK$33.92
HK$24.66 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Petronor E&P · Energy
Quality score66 · Top 25%
Fair value upside-41% · below median
Cnooc · Energy
Quality score63 · Top 25%
Fair value upside+7% · above median
Bottom line
As of Aug 21, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Petronor E&P trades at NOK 11.38 versus a fair value of NOK 6.69 (-41%), while Cnooc trades at HK$24.66 versus HK$26.50 (+7%).
Petronor E&P has the higher quality score (66/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
