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Norwegian Air Shuttle ASA (LTS:0FGH) Cyclically Adjusted PB Ratio : 0.01 (As of Jun. 03, 2025)


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What is Norwegian Air Shuttle ASA Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Norwegian Air Shuttle ASA's current share price is kr14.2275. Norwegian Air Shuttle ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr1,309.38. Norwegian Air Shuttle ASA's Cyclically Adjusted PB Ratio for today is 0.01.

The historical rank and industry rank for Norwegian Air Shuttle ASA's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0FGH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 4.37
Current: 0.01

During the past years, Norwegian Air Shuttle ASA's highest Cyclically Adjusted PB Ratio was 4.37. The lowest was 0.01. And the median was 0.02.

LTS:0FGH's Cyclically Adjusted PB Ratio is ranked better than
99.86% of 712 companies
in the Transportation industry
Industry Median: 1.245 vs LTS:0FGH: 0.01

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Norwegian Air Shuttle ASA's adjusted book value per share data for the three months ended in Mar. 2025 was kr6.381. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is kr1,309.38 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Norwegian Air Shuttle ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Norwegian Air Shuttle ASA's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Norwegian Air Shuttle ASA Cyclically Adjusted PB Ratio Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 - 0.01 0.01

Norwegian Air Shuttle ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio 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 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Norwegian Air Shuttle ASA's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Norwegian Air Shuttle ASA's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


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Norwegian Air Shuttle ASA Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Norwegian Air Shuttle ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.2275/1309.38
=0.01

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Norwegian Air Shuttle ASA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.381/136.1000*136.1000
=6.381

Current CPI (Mar. 2025) = 136.1000.

Norwegian Air Shuttle ASA Quarterly Data

Book Value per Share CPI Adj_Book
201503 1,423.596 99.200 1,953.139
201506 1,629.616 100.100 2,215.692
201509 2,387.706 100.600 3,230.286
201512 2,212.919 100.900 2,984.918
201603 1,481.716 102.500 1,967.430
201606 2,049.328 103.800 2,687.028
201609 2,676.642 104.200 3,496.075
201612 3,013.586 104.400 3,928.631
201703 1,880.746 105.000 2,437.805
201706 2,627.313 105.800 3,379.748
201709 3,589.403 105.900 4,613.010
201712 1,556.791 106.100 1,996.977
201803 1,428.522 107.300 1,811.946
201806 2,165.228 108.500 2,716.014
201809 3,111.827 109.500 3,867.759
201812 997.753 109.800 1,236.741
201903 1,055.483 110.400 1,301.189
201906 983.687 110.600 1,210.486
201909 1,791.227 111.100 2,194.293
201912 1,171.408 111.300 1,432.423
202006 175.341 112.100 212.881
202009 142.623 112.900 171.931
202012 -77.841 112.900 -93.837
202103 0.000 114.600 0.000
202106 2.168 115.300 2.559
202109 2.724 117.500 3.155
202112 3.522 118.900 4.031
202203 2.437 119.800 2.769
202206 3.929 122.600 4.362
202209 5.225 125.600 5.662
202212 4.521 125.900 4.887
202303 3.400 127.600 3.626
202306 3.856 130.400 4.025
202309 6.426 129.800 6.738
202312 6.002 131.900 6.193
202403 5.647 132.600 5.796
202406 5.947 133.800 6.049
202409 7.377 133.700 7.509
202412 7.512 134.800 7.584
202503 6.381 136.100 6.381

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Norwegian Air Shuttle ASA  (LTS:0FGH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Norwegian Air Shuttle ASA Cyclically Adjusted PB Ratio Related Terms

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Norwegian Air Shuttle ASA Business Description

Address
Oksenoyveien 3, Fornebu, P.O. Box 113, 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 three functional business areas, including Commercial, Operations, 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.

Norwegian Air Shuttle ASA Headlines

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