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NWARF (Norwegian Air Shuttle ASA) Cyclically Adjusted PB Ratio : 0.01 (As of May. 31, 2025)


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What is Norwegian Air Shuttle ASA Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Norwegian Air Shuttle ASA's current share price is $1.24. Norwegian Air Shuttle ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $126.87. 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:

NWARF' 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.

NWARF's Cyclically Adjusted PB Ratio is ranked better than
99.86% of 706 companies
in the Transportation industry
Industry Median: 1.23 vs NWARF: 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 $0.598. 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 $126.87 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
=1.24/126.87
=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)
=0.598/136.1000*136.1000
=0.598

Current CPI (Mar. 2025) = 136.1000.

Norwegian Air Shuttle ASA Quarterly Data

Book Value per Share CPI Adj_Book
201503 178.056 99.200 244.289
201506 208.628 100.100 283.659
201509 288.214 100.600 389.920
201512 254.443 100.900 343.208
201603 174.825 102.500 232.133
201606 246.717 103.800 323.489
201609 326.591 104.200 426.574
201612 351.984 104.400 458.860
201703 221.101 105.000 286.589
201706 310.579 105.800 399.526
201709 457.937 105.900 588.529
201712 187.163 106.100 240.084
201803 183.846 107.300 233.191
201806 266.969 108.500 334.880
201809 377.356 109.500 469.024
201812 115.664 109.800 143.369
201903 122.628 110.400 151.175
201906 113.946 110.600 140.217
201909 198.908 111.100 243.667
201912 129.810 111.300 158.734
202006 18.393 112.100 22.331
202009 15.567 112.900 18.766
202012 -8.940 112.900 -10.777
202103 0.000 114.600 0.000
202106 0.257 115.300 0.303
202109 0.315 117.500 0.365
202112 0.392 118.900 0.449
202203 0.276 119.800 0.314
202206 0.403 122.600 0.447
202209 0.507 125.600 0.549
202212 0.458 125.900 0.495
202303 0.323 127.600 0.345
202306 0.357 130.400 0.373
202309 0.599 129.800 0.628
202312 0.569 131.900 0.587
202403 0.532 132.600 0.546
202406 0.560 133.800 0.570
202409 0.694 133.700 0.706
202412 0.669 134.800 0.675
202503 0.598 136.100 0.598

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  (OTCPK:NWARF) 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.