PH THORSTENSEN AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 38 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,614 of 4,158 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 59 and solidity 28 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
PH THORSTENSEN AS is 6 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,607 companies.
Against small companies in the same sector in 2025: operating margin 3.5% (median 9.9%) and equity ratio 17.5% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 83 MNOK | 2 MNOK |
| Operating margin | 3.5% | 9.9% |
| Profit margin | 2.4% | 6.6% |
| Return on assets | 13.2% | 3.1% |
| Equity ratio | 17.5% | 36.4% |
| Debt-to-equity | 4.70 | 1.03 |
| Current ratio | 0.80 | 1.66 |
| Revenue growth | −2.0% | 13.5% |
| Revenue per employee | 10.33 MNOK | 1.95 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, PH THORSTENSEN AS does better than 38% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- PH THORSTENSEN AS
- Median: small companies in the same sector
PH THORSTENSEN AS has a score of 44 for 2025, rank 2,614 of 4,158 in the sector.
Strongest: Consistency: percentile 69 against peers.
Weakest: Solidity: percentile 28 against peers, equity ratio 17.5% against a median of 36.4%. Liquidity: percentile 29 against peers, current ratio 0.80 against a median of 1.66.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.80 (median 1.66).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
PH THORSTENSEN AS had an operating margin of 3.5% and an equity ratio of 17.5% in 2025, and ranks 2,614 of 4,158 in Sjømat.
From 2024 to 2025: the equity ratio rose from 10.7% to 17.5% and the operating margin rose from 0.9% to 3.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 18 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 16 MNOK |
| EV/EBIT | 8.0 | 18 MNOK |
| P/B | 1.0 | 4 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.80 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −5.0%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 59 | weight 30% |
|---|---|---|
| Solidity | 28 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 31 | weight 15% |
| Consistency | 69 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is PH THORSTENSEN AS?
The operating margin was 3.5% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was 13.2%.
How solid is PH THORSTENSEN AS?
The equity ratio was 17.5% in 2025 (median 36.4%). Debt-to-equity was 4.70 (median 1.03).
What is the liquidity of PH THORSTENSEN AS like?
The current ratio was 0.80 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does PH THORSTENSEN AS compare in Sjømat?
PH THORSTENSEN AS ranks 2,614 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 2,255 of 3,639. Revenue changed by −2.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 940279089
- Legal form
- AS · part of a group
- Sector
- Sjømat (10.203)
- Size tier
- small
- Employees
- 8 registered 10 September 2026
- Founded
- 2 January 1986 40 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Akershusstranda 23, 0150 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300VQLNVRPTNRPG30 not renewed (lapsed)
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Thomas Rene Andersen
- Chair of the board
- Per Jørgen Foss
- Board member
- Stian Engtrø
- Board member
- Geir Tore Andersen
- Board member
- Thomas Rene Andersen
- Board member
- Ketil Heie
- Auditor
- TELL NORGE AS
- Accountant
- SPAREBANK 1 FORRETNINGSPARTNER ØSTLANDET AS
- Accountant
- ECIT SERVICES AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not made public
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 29 | 40 | 44 | |
| Rank | 2,978 | 2,662 | 2,614 | |
| Operating margin | −2.8% | 0.9% | 3.5% | |
| Return on assets | −13.3% | 4.2% | 13.2% | |
| Equity ratio | 12.7% | 10.7% | 17.5% | |
| Current ratio | 0.90 | 0.69 | 0.80 | |
| Revenue growth | – | −9.3% | −2.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 93.0 MNOK | 84.3 MNOK | 82.6 MNOK |
| Operating profit | −2.6 MNOK | 0.8 MNOK | 2.9 MNOK |
| Profit before tax | −3.2 MNOK | 0.0 MNOK | 2.0 MNOK |
| Net profit | −2.5 MNOK | 0.0 MNOK | 1.6 MNOK |
| Financial expenses | 0.7 MNOK | 0.9 MNOK | 1.0 MNOK |
| Total assets | 19.0 MNOK | 22.6 MNOK | 22.7 MNOK |
| Current assets | 14.9 MNOK | 9.9 MNOK | 11.2 MNOK |
| Equity | 2.4 MNOK | 2.4 MNOK | 4.0 MNOK |
| Retained earnings | 1.8 MNOK | 1.9 MNOK | 3.4 MNOK |
| Total liabilities | 16.6 MNOK | 20.1 MNOK | 18.8 MNOK |
| Current liabilities | 16.6 MNOK | 14.2 MNOK | 14.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6913714.
Further
Similar companies
- SELBJØRNSFJORD AS index 44, rank 2,609 · compare
- TUSTERN AS index 44, rank 2,610 · compare
- REMØY SEA GROUP AS index 44, rank 2,611 · compare
- OLE HENDRIK AS index 44, rank 2,613 · compare
- SVEIN HARALD TRONDAL AS index 44, rank 2,615 · compare