Norwegian Air Shuttle ASA (OSL:NAS) Book Value per Share: kr8.63 (As of Mar. 2026)


OSL:NAS Norwegian Air Shuttle ASA OSL:NAS
73 GF Score
Price kr13.71
GF Value kr16.07
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA Book Value per Share?

Norwegian Air Shuttle ASA OSL:NAS +0.11% 73 Book Value per Share is kr8.63 as of Mar. 2026. GuruFocus rates OSL:NAS with a GF Score™ of 73/100 and a GF Value™ of kr16.07 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Norwegian Air Shuttle ASA's book value per share for the quarter that ended in Mar. 2026 was kr8.63.

During the past 12 months, Norwegian Air Shuttle ASA's average Book Value Per Share Growth Rate was 35.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 17.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Norwegian Air Shuttle ASA was 52.40% per year. The lowest was -84.80% per year. And the median was 13.70% per year.

Norwegian Air Shuttle ASA's current price is kr13.71. Its book value per share for the quarter that ended in Mar. 2026 was kr8.63. Hence, today's PB Ratio of Norwegian Air Shuttle ASA is 1.59.

During the past 13 years, the highest P/B Ratio of Norwegian Air Shuttle ASA was 5.64. The lowest was 0.11. And the median was 2.22.

Good Sign:

Norwegian Air Shuttle ASA stock PB Ratio (=1.59) is close to 1-year low of 1.56.


Norwegian Air Shuttle ASA  (OSL:NAS) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Norwegian Air Shuttle ASA Book Value per Share Related Terms


Norwegian Air Shuttle ASA Book Value per Share Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norwegian Air Shuttle ASA Book Value per Share Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.52 4.52 6.00 7.51 7.29

Norwegian Air Shuttle ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.38 5.60 7.28 7.29 8.63

OSL:NAS vs DAL, UAL, LUV: Book Value per Share Comparison

For the Airlines subindustry, Norwegian Air Shuttle ASA's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norwegian Air Shuttle ASA PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's PB Ratio distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's PB Ratio falls into.


OSL:NAS
73GF Score
Norwegian Air Shuttle ASA OSL:NAS
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norwegian Air Shuttle ASA Book Value per Share Calculation

Norwegian Air Shuttle ASA's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(7,668-0)/1,052
=7.29

Norwegian Air Shuttle ASA's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(9,072-0)/1,051
=8.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of kr8.63 mean?
Norwegian Air Shuttle ASA (OSL:NAS) has a Book Value per Share of kr8.63 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Norwegian Air Shuttle ASA and its competitors.
Is Norwegian Air Shuttle ASA's Book Value per Share too high?
Norwegian Air Shuttle ASA's current Book Value per Share is kr8.63. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Book Value per Share compare to DAL and UAL?
Norwegian Air Shuttle ASA's Book Value per Share of kr8.63 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Transportation company?
A good Book Value per Share depends on the Transportation industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Norwegian Air Shuttle ASA and its competitors. Norwegian Air Shuttle ASA's current Book Value per Share is kr8.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr16.07, compared to a current price of kr13.71 — trading 14.7% below its estimated fair value. The current Book Value per Share is kr8.63. Norwegian Air Shuttle ASA's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current Book Value per Share is kr8.63 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norwegian Air Shuttle ASA (OSL:NAS) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued. The current stock price of kr13.71 is trading 14.7% below its estimated GF Value™ of kr16.07. GuruFocus considers Norwegian Air Shuttle ASA to be Modestly Undervalued.

Key valuation signals for OSL:NAS:

  • Book Value per Share: kr8.63
  • GF Value™: kr16.07 vs. price of kr13.71 (14.7% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the OSL:NAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
73GF Score

Get the complete analysis for OSL:NAS

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr13.71
Price
kr16.07
GF Value