Norse Atlantic ASA (OSL:NORSE) Book Value per Share: kr-9.13 (As of Mar. 2026)

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OSL:NORSE Norse Atlantic ASA OSL:NORSE
29 GF Score
Price kr0.40
GF Value kr3.33
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Norse Atlantic ASA Book Value per Share?

Norse Atlantic ASA OSL:NORSE -1.23% 29 Book Value per Share is kr-9.13 as of Mar. 2026. GuruFocus rates OSL:NORSE with a GF Score™ of 29/100 and a GF Value™ of kr3.33 (Possible Value Trap). The stock has 3 warning signs investors should review.

Norse Atlantic ASA's book value per share for the quarter that ended in Mar. 2026 was kr-9.13.

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.

Norse Atlantic ASA's current price is kr0.40. Its book value per share for the quarter that ended in Mar. 2026 was kr-9.13. Hence, today's PB Ratio of Norse Atlantic ASA is .

During the past 5 years, the highest P/B Ratio of Norse Atlantic ASA was 9.58. The lowest was 0.39. And the median was 0.97.


Norse Atlantic ASA  (OSL:NORSE) 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.


Norse Atlantic ASA Book Value per Share Related Terms


Norse Atlantic ASA Book Value per Share Historical Data

* Premium members only.

The historical data trend for Norse Atlantic 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.

Norse Atlantic ASA Book Value per Share Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
27.71 1.04 -4.19 -8.66 -8.75

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 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 -8.82 -8.52 -8.67 -8.75 -9.13

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

For the Airlines subindustry, Norse Atlantic 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.


Norse Atlantic ASA PB Ratio vs Transportation Industry

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

* The bar in red indicates where Norse Atlantic ASA's PB Ratio falls into.


OSL:NORSE
29GF Score
Norse Atlantic ASA OSL:NORSE
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norse Atlantic ASA Book Value per Share Calculation

Norse Atlantic 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)
=(-2,628-0)/300
=-8.75

Norse Atlantic 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)
=(-2,741-0)/300
=-9.13

* 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 kr-9.13 mean?
Norse Atlantic ASA (OSL:NORSE) has a Book Value per Share of kr-9.13 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Norse Atlantic ASA and its competitors.
Is Norse Atlantic ASA's Book Value per Share too high?
Norse Atlantic ASA's current Book Value per Share is kr-9.13. Overall, Norse Atlantic ASA has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's Book Value per Share compare to DAL and UAL?
Norse Atlantic ASA's Book Value per Share of kr-9.13 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 Norse Atlantic ASA and its competitors. Norse Atlantic ASA's current Book Value per Share is kr-9.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (OSL:NORSE) is currently considered Possible Value Trap. The stock's GF Value™ is kr3.33, compared to a current price of kr0.40 — trading 88% below its estimated fair value. The current Book Value per Share is kr-9.13. Norse Atlantic ASA's overall GF Score™ is 29/100 with 3 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 Norse Atlantic ASA (OSL:NORSE), the current Book Value per Share is kr-9.13 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 Norse Atlantic ASA (OSL:NORSE) Overvalued in 2026?

Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued. The current stock price of kr0.40 is trading 88% below its estimated GF Value™ of kr3.33. GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.

Key valuation signals for OSL:NORSE:

  • Book Value per Share: kr-9.13
  • GF Value™: kr3.33 vs. price of kr0.40 (88% below fair value)
  • GF Score™: 29/100 with 3 warning signs

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


Norse Atlantic ASA Business Description

Address Floyveien 14, Arendal, NOR, 4838
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score

Get the complete analysis for OSL:NORSE

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

kr0.40
Price
kr3.33
GF Value