Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Norsk Hydro ASA's shares outstanding for the quarter that ended in Mar. 2026 was 1,965 Mil.
Norsk Hydro ASA's quarterly shares outstanding
stayed the same
from Dec. 2025 (1,965 Mil) to Mar. 2026 (1,965 Mil).
Norsk Hydro ASA's annual shares outstanding
declined
from Dec. 2024 (1,977 Mil) to Dec. 2025 (1,965 Mil).
It means Norsk Hydro ASAbought back shares from Dec. 2024 to Dec. 2025 .
Norsk Hydro ASA (OSL:NHY) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Norsk Hydro ASA Shares Outstanding (EOP) Related Terms
Norsk Hydro ASA Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Norsk Hydro ASA's Shares Outstanding (EOP) 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.
OSL:NHY vs AA, CENX, CSTM: Shares Outstanding (EOP) Comparison
For the Aluminum subindustry, Norsk Hydro ASA's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.
Norsk Hydro ASA Shares Outstanding (EOP) vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Norsk Hydro ASA's Shares Outstanding (EOP) falls into.
Norsk Hydro ASA Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 1,965 Mil mean?
Norsk Hydro ASA (OSL:NHY) has a Shares Outstanding (EOP) of 1,965 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Norsk Hydro ASA and its competitors.
Is Norsk Hydro ASA's Shares Outstanding (EOP) too high?
Norsk Hydro ASA's current Shares Outstanding (EOP) is 1,965 Mil. Overall, Norsk Hydro ASA has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's Shares Outstanding (EOP) compare to AA and CENX?
Norsk Hydro ASA's Shares Outstanding (EOP) of 1,965 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Metals & Mining company?
A good Shares Outstanding (EOP) depends on the Metals & Mining industry context. However, Shares Outstanding (EOP) 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 Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Norsk Hydro ASA and its competitors. Norsk Hydro ASA's current Shares Outstanding (EOP) is 1,965 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Hydro ASA stock overvalued right now?
Based on GuruFocus' analysis, Norsk Hydro ASA (OSL:NHY) is currently considered Modestly Overvalued. The stock's GF Value™ is kr68.28, compared to a current price of kr85.06 — trading 24.6% above its estimated fair value. The current Shares Outstanding (EOP) is 1,965 Mil. Norsk Hydro ASA's overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Norsk Hydro ASA (OSL:NHY), the current Shares Outstanding (EOP) is 1,965 Mil 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 Norsk Hydro ASA (OSL:NHY) Overvalued in 2026?
Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued.
The current stock price of kr85.06 is trading 24.6% above its estimated GF Value™ of kr68.28.
GuruFocus considers Norsk Hydro ASA to be Modestly Overvalued.
Key valuation signals for OSL:NHY:
Shares Outstanding (EOP): 1,965 Mil
GF Value™: kr68.28 vs. price of kr85.06 (24.6% above fair value)
No single metric tells the full story. See the OSL:NHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants.
88GF Score
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