Norse Atlantic ASA (OSL:NORSE) Construction In Progress: kr146 Mil (As of Mar. 2026)


OSL:NORSE Norse Atlantic ASA OSL:NORSE
29 GF Score
Price kr0.61
GF Value kr3.36
Valuation Possible Value Trap
! 3 Warning Signs
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What is Norse Atlantic ASA Construction In Progress?

Norse Atlantic ASA OSL:NORSE -7.63% 29 Construction In Progress is kr146 Mil as of Mar. 2026. GuruFocus rates OSL:NORSE with a GF Score™ of 29/100 and a GF Value™ of kr3.36 (Possible Value Trap). The stock has 3 warning signs investors should review.

Norse Atlantic ASA's quarterly construction in progress increased from Sep. 2025 (kr148 Mil) to Dec. 2025 (kr152 Mil) but then declined from Dec. 2025 (kr152 Mil) to Mar. 2026 (kr146 Mil).

Norse Atlantic ASA's annual construction in progress increased from Dec. 2023 (kr169 Mil) to Dec. 2024 (kr185 Mil) but then declined from Dec. 2024 (kr185 Mil) to Dec. 2025 (kr152 Mil).

Norse Atlantic ASA Construction In Progress Historical Data

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The historical data trend for Norse Atlantic ASA's Construction In Progress 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 Construction In Progress Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
182.02 154.09 169.30 185.16 151.74

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 157.77 149.31 148.49 151.74 145.76
OSL:NORSE
29GF Score
Norse Atlantic ASA OSL:NORSE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Norse Atlantic ASA Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of kr146 Mil mean?
Norse Atlantic ASA (OSL:NORSE) has a Construction In Progress of kr146 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Norse Atlantic ASA and its competitors.
Is Norse Atlantic ASA's Construction In Progress too high?
Norse Atlantic ASA's current Construction In Progress is kr146 Mil. 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 Construction In Progress compare to DAL and UAL?
Norse Atlantic ASA's Construction In Progress of kr146 Mil 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 Construction In Progress for a Transportation company?
A good Construction In Progress depends on the Transportation industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Norse Atlantic ASA and its competitors. Norse Atlantic ASA's current Construction In Progress is kr146 Mil. 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 kr3.36, compared to a current price of kr0.61 — trading 82% below its estimated fair value. The current Construction In Progress is kr146 Mil. 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 Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Norse Atlantic ASA (OSL:NORSE), the current Construction In Progress is kr146 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 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 kr0.61 is trading 82% below its estimated GF Value™ of kr3.36. GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.

Key valuation signals for OSL:NORSE:

  • Construction In Progress: kr146 Mil
  • GF Value™: kr3.36 vs. price of kr0.61 (82% 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

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.61
Price
kr3.36
GF Value