E vs EQNR vs SSL Stock Comparison

Eni Spa, Equinor Asa and Sasol Prices as of Oct 26, 2026 Peers: Industry group
E Eni Spa
$60.57 +10.7% 1M +64.5% 1Y
Market cap
$89.23B
P/E
17.2x
Revenue (TTM)
$98.30B
Div. yield
-0.04%
Integrated Oil and Gas Energy
3 wins
EQNR Equinor Asa
$48.11 +14.1% 1M +98.6% 1Y
Market cap
$122.14B
P/E
15.2x
Revenue (TTM)
$114.42B
Div. yield
–
Integrated Oil and Gas Energy
6 wins
SSL Sasol Ltd
$17.42 +24.2% 1M +165.5% 1Y
Market cap
$10.85B
P/E
15.3x
Revenue (TTM)
—
Div. yield
–
Integrated Oil and Gas Energy
2 wins

Head to Head

11 decided of 12

Equinor Asa leads on 6 of the 12 questions below (Equinor Asa 6, Eni Spa 3, Sasol 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEEQNRSSLLeader
Larger companyMarket capitalisation $89.23B $122.14B $10.85B EQNR
Cheaper on earningsLower P/E, profitable companies only 17.2x 15.2x 15.3x EQNR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.0x 8.9x 5.3x SSL
Faster revenue growthRevenue growth, trailing twelve months +11.2% +5.8% — E
More profitableNet margin, trailing twelve months 5.3% 7.0% — EQNR
Better return on capitalReturn on invested capital 6.9% 47.7% — EQNR
Less leveragedLower net debt / EBITDA 1.4x 0.0x — EQNR
Higher dividend yieldTrailing dividend yield -0.04% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +64.5% +98.6% +165.5% SSL
Better 5-year returnAnnualised price return, 5 years +16.4%/yr +13.1%/yr +0.4%/yr E
Less volatileAnnualised volatility, 1 year 27.5% 39.0% 54.1% E
Higher overall scoreMean of the five percentile scores vs peers 51/100 67/100 — EQNR

Percentile Scorecard

EEQNRSSL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEEQNRSSL
Valuation 78 #23 of 99 81 #20 of 99 95 #6 of 99
Growth 64 #36 of 97 56 #43 of 97 –
Profitability 47 #51 of 96 82 #18 of 96 –
Financial Health 33 #69 of 102 57 #44 of 102 52 #50 of 102
Shareholder Returns 32 #52 of 76 59 #32 of 76 –
Overall 51 67 –
  • E ranked among 103 companies in Oil and Gas Upstream
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • SSL ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEEQNRSSLSPY
1 month +10.7%+14.1%+24.2% -0.8%
3 months +19.6%+25.0%+52.3% +3.5%
6 months +12.6%+26.4%+36.9% +7.0%
Year to date +59.6%+103.6%+167.6% +12.2%
1 year +64.5%+98.6%+165.5% +13.0%
3 years +86.6%+43.2%+32.9% +86.3%
3 years, per year +23.1%+12.7%+9.9% +23.1%
5 years +113.7%+84.8%+2.0% +68.6%
5 years, per year +16.4%+13.1%+0.4% +11.0%
10 years +105.5%+194.6%-37.0% +258.0%
10 years, per year +7.5%+11.4%-4.5% +13.6%

Risk

MeasureEEQNRSSLSPY
Volatility, 1Y 27.5%39.0%54.1% 12.7%
Downside volatility, 1Y 26.5%38.4%55.7% 12.7%
Beta vs S&P 500, 1Y -0.39-1.09-0.76 1.00
Return / volatility, 1Y 2.352.533.06 1.02
Max drawdown, 5Y -37.1%-47.8%-89.4% -25.4%
From 52-week high -2.4%-1.4%-3.3% -1.8%
52-week high $62.08$48.81$18.02 $779.14
52-week low $36.32$22.41$6.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEEQNRSSL
P/E now vs peer median 17.6xmedian 13.5x 15.5xmedian 13.5x 15.3xmedian 13.5x
P/S now vs peer median 1.0xmedian 2.1x 1.1xmedian 2.1x 0.7xmedian 2.1x
EV/EBITDA now vs peer median 7.7xmedian 5.9x 2.7xmedian 5.9x —median 5.9x
P/FCF now vs peer median 6.2xmedian 11.0x 12.6xmedian 11.0x 3.6xmedian 11.0x
P/B now vs peer median 1.5xmedian 1.5x 2.8xmedian 1.5x 1.1xmedian 1.5x
PEG now vs peer median 1.46median 2.27 —median 2.27 —median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEEQNRSSL
Revenue $98.30B $114.42B –
Operating income $6.83B $32.53B –
Net income $6.59B $9.05B –
Free cash flow $15.30B $9.58B –
R&D – $880.00M –
EPS (diluted) $3.36 $3.08 –
Cash & equivalents $9.55B $8.06B $2.64B
Total debt $139.18B $105.13B $6.66B
Shares (diluted) 1.54B 2.60B 642.00M
Enterprise value $33.79B $36.60B -$208.55M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEEQNRSSL
P/E 17.6x 15.5x 15.3x
P/FCF 6.2x 12.6x 3.6x
P/Operating cash flow 6.2x 5.2x –
P/S 1.0x 1.1x 0.7x
P/B 1.5x 2.8x 1.1x
P/Tangible book 1.5x 2.8x 1.1x
EV/EBITDA 7.7x 2.7x –
EV/EBIT 17.0x 3.7x –
EV/Revenue 1.2x 1.1x –
EV/FCF 7.6x 12.6x –
EV/Operating cash flow 7.6x 5.2x –
PEG (3Y EPS CAGR) 1.46 – –

Growth

14 metrics
MetricEEQNRSSL
Revenue growth (1Y) 11.2% 5.8% –
Revenue CAGR (3Y) -6.8% – –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 204.9% 7.6% –
Operating income CAGR (3Y) -14.3% – –
Net income growth (1Y) 135.7% 10.0% –
Net income CAGR (3Y) -11.6% – –
EPS growth (1Y) 6.3% 24.1% –
EPS CAGR (3Y) 12.0% – –
Operating cash flow growth (1Y) 12.1% 15.5% –
Operating cash flow CAGR (3Y) -5.9% – –
Free cash flow growth (1Y) 12.1% 39.6% –
Free cash flow CAGR (3Y) -18.6% – –

Profitability

14 metrics
MetricEEQNRSSL
Gross margin – – –
EBITDA margin 15.4% 38.9% –
Operating margin 6.9% 28.4% –
Pretax margin 8.0% 29.0% –
Net margin 5.3% 7.0% –
FCF margin 15.6% 8.4% –
Operating cash flow margin 15.6% 20.2% –
Return on equity 10.4% 20.9% –
Return on assets 3.9% 658.7% –
Return on invested capital 6.9% 47.7% –
Return on capital employed 5.3% – –
Asset turnover 0.6x 83.3x –
Cash conversion (OCF / net income) 2.3x 2.6x –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricEEQNRSSL
Debt / assets 21.5% 1,784% 30.1%
Debt / equity 0.6x 0.6x 0.6x
Net debt / EBITDA 1.4x 0.0x –
Debt / FCF 2.4x 2.5x –
Liabilities / assets 61.3% -3,046% 53.3%
Equity / assets 38.7% 3,146% 46.7%
Interest coverage 1.5x – –
Current ratio 1.2x 1.2x 1.8x
Quick ratio 0.7x 0.9x 1.2x
Cash ratio 0.4x 0.6x 0.6x
Altman Z-score 1.66 – –

Shareholder Returns

7 metrics
MetricEEQNRSSL
Dividend yield 4.0% 3.2% –
Net buyback yield -2.5% – –
Shareholder yield 1.5% 3.2% 0.0%
Payout ratio (earnings) 55.0% – –
Payout ratio (FCF) 23.7% – –
Dividend growth (1Y) -7.7% – –
Dividend CAGR (3Y) -4.9% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEEQNRSSL
Forward P/E 9.0xFY2026 8.9xFY2026 5.3xFY2027
EPS, next fiscal year $6.74FY2026 $5.41FY2026 $3.26FY2027
EPS growth, next FY +76.9%FY2026 +119.0%FY2026 +37.0%FY2027
EPS growth, the year after -4.9% -15.7% -24.5%
Revenue, next fiscal year $106.61BFY2026 $120.69BFY2026 $16.51BFY2027
Revenue growth, next FY +10.0%FY2026 +14.0%FY2026 -2.3%FY2027
Revenue growth, the year after -8.6% -1.4% +7.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEEQNRSSL
Held by institutions 1.6% 6.6% 4.7%
Institutions holding 343 409 174
Change in shares held, QoQ +2.3% +1.8% -7.6%
Institutions buying 196 230 111
Institutions selling 92 115 45
Buyers to sellers 2.13 2.00 2.47

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EEQNRSSL
E 1.00 0.79 0.58
EQNR 0.79 1.00 0.53
SSL 0.58 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, E, EQNR and SSL?

Equinor Asa (EQNR) is the largest by market capitalisation: Eni Spa (E) $89.23B, Equinor Asa (EQNR) $122.14B, Sasol (SSL) $10.85B.

Which stock is cheaper, E, EQNR and SSL?

Equinor Asa (EQNR) trades on the lowest price-to-earnings ratio (Eni Spa (E) 17.2x, Equinor Asa (EQNR) 15.2x, Sasol (SSL) 15.3x). On next year's consensus earnings, Sasol (SSL) is cheapest (Eni Spa (E) 9.0x, Equinor Asa (EQNR) 8.9x, Sasol (SSL) 5.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Eni Spa (E) grew revenue fastest over the trailing twelve months: Eni Spa (E) +11.2%, Equinor Asa (EQNR) +5.8%.

Which company is more profitable?

Equinor Asa (EQNR) has the highest net margin (Eni Spa (E) 5.3%, Equinor Asa (EQNR) 7.0%). On return on invested capital, Equinor Asa (EQNR) leads (Eni Spa (E) 6.9%, Equinor Asa (EQNR) 47.7%).

Which stock has performed better?

Over the past year Sasol (SSL) returned the most: Eni Spa (E) +64.5%, Equinor Asa (EQNR) +98.6%, Sasol (SSL) +165.5%. Over five years, Eni Spa (E) compounded fastest (Eni Spa (E) +16.4%/yr, Equinor Asa (EQNR) +13.1%/yr, Sasol (SSL) +0.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Eni Spa (E) has been the steadiest (Eni Spa (E) 27.5%, Equinor Asa (EQNR) 39.0%, Sasol (SSL) 54.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, E, EQNR and SSL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equinor Asa (EQNR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.