Norske Skog ASA (OSL:NSKOG) Cyclically Adjusted Revenue per Share: kr123.92 (As of Mar. 2026)

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OSL:NSKOG Norske Skog ASA OSL:NSKOG
75 GF Score
Price kr36.25
GF Value kr32.96
Valuation Fairly Valued
! 8 Warning Signs
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What is Norske Skog ASA Cyclically Adjusted Revenue per Share?

Norske Skog ASA OSL:NSKOG -1.63% 75 Cyclically Adjusted Revenue per Share is kr123.92 as of Mar. 2026. GuruFocus rates OSL:NSKOG with a GF Score™ of 75/100 and a GF Value™ of kr32.96 (Fairly Valued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Norske Skog ASA's adjusted revenue per share for the three months ended in Mar. 2026 was kr28.051. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is kr123.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Norske Skog ASA's average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.30% per year. 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Norske Skog ASA was 5.70% per year. The lowest was 3.20% per year. And the median was 4.80% per year.

As of today (2026-07-25), Norske Skog ASA's current stock price is kr36.25. Norske Skog ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr123.92. Norske Skog ASA's Cyclically Adjusted PS Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Norske Skog ASA was 0.74. The lowest was 0.12. And the median was 0.36.


Norske Skog ASA  (OSL:NSKOG) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Norske Skog ASA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=36.25/123.92
=0.29

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Norske Skog ASA was 0.74. The lowest was 0.12. And the median was 0.36.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Norske Skog ASA Cyclically Adjusted Revenue per Share Related Terms


Norske Skog ASA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Norske Skog ASA's Cyclically Adjusted Revenue 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.

Norske Skog ASA Cyclically Adjusted Revenue per Share Chart

Norske Skog ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.67 106.10 111.56 115.40 121.48

Norske Skog ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue 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 Premium Member Only 117.14 118.91 120.08 121.48 123.92

OSL:NSKOG vs SLVM: Cyclically Adjusted Revenue per Share Comparison

For the Paper & Paper Products subindustry, Norske Skog ASA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Norske Skog ASA Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Norske Skog ASA's Cyclically Adjusted PS Ratio falls into.


OSL:NSKOG
75GF Score
Norske Skog ASA OSL:NSKOG
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norske Skog ASA Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Norske Skog ASA's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=28.051/141.0300*141.0300
=28.051

Current CPI (Mar. 2026) = 141.0300.

Norske Skog ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 16.254 100.900 22.719
201603 16.255 102.500 22.365
201606 12.624 103.800 17.152
201609 10.597 104.200 14.343
201612 11.366 104.400 15.354
201703 9.730 105.000 13.069
201706 10.276 105.800 13.698
201709 10.434 105.900 13.895
201712 11.022 106.100 14.651
201809 39.171 109.500 50.450
201812 40.274 109.800 51.729
201903 36.226 110.400 46.277
201906 38.279 110.600 48.811
201909 36.639 111.100 46.509
201912 36.634 111.300 46.420
202003 27.371 111.200 34.713
202006 24.388 112.100 30.682
202009 22.961 112.900 28.682
202012 25.587 112.900 31.962
202103 22.761 114.600 28.010
202106 23.172 115.300 28.343
202109 26.834 117.500 32.208
202112 33.182 118.900 39.358
202203 35.257 119.800 41.505
202206 40.550 122.600 46.646
202209 38.629 125.600 43.375
202212 40.823 125.900 45.729
202303 33.462 127.600 36.984
202306 33.259 130.400 35.970
202309 28.600 129.800 31.074
202312 11.304 131.900 12.086
202403 24.942 132.600 26.528
202406 26.647 133.800 28.087
202409 25.746 133.700 27.158
202412 29.355 134.800 30.712
202503 28.602 136.100 29.638
202506 26.703 137.800 27.329
202509 26.895 138.500 27.386
202512 29.150 139.100 29.554
202603 28.051 141.030 28.051

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of kr123.92 mean?
Norske Skog ASA (OSL:NSKOG) has a Cyclically Adjusted Revenue per Share of kr123.92 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Norske Skog ASA and its competitors.
Is Norske Skog ASA's Cyclically Adjusted Revenue per Share too high?
Norske Skog ASA's current Cyclically Adjusted Revenue per Share is kr123.92. Overall, Norske Skog ASA has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's Cyclically Adjusted Revenue per Share compare to SLVM?
Norske Skog ASA's Cyclically Adjusted Revenue per Share of kr123.92 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Forest Products company?
A good Cyclically Adjusted Revenue per Share depends on the Forest Products industry context. However, Cyclically Adjusted Revenue 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 Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Norske Skog ASA and its competitors. Norske Skog ASA's current Cyclically Adjusted Revenue per Share is kr123.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norske Skog ASA stock overvalued right now?
Based on GuruFocus' analysis, Norske Skog ASA (OSL:NSKOG) is currently considered Fairly Valued. The stock's GF Value™ is kr32.96, compared to a current price of kr36.25 — trading 10% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is kr123.92. Norske Skog ASA's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Norske Skog ASA (OSL:NSKOG), the current Cyclically Adjusted Revenue per Share is kr123.92 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 Norske Skog ASA (OSL:NSKOG) Overvalued in 2026?

Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued. The current stock price of kr36.25 is trading 10% above its estimated GF Value™ of kr32.96. GuruFocus considers Norske Skog ASA to be Fairly Valued.

Key valuation signals for OSL:NSKOG:

  • Cyclically Adjusted Revenue per Share: kr123.92
  • GF Value™: kr32.96 vs. price of kr36.25 (10% above fair value)
  • GF Score™: 75/100 with 8 warning signs

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


Norske Skog ASA Business Description

Other Exchanges NSKOGo:Sweden0BQ:Germany
Address Sjolyst plass 2, Oslo, NOR, 0278
Norske Skog ASA is a European company focused on the production of publication and packaging paper. The publication paper includes the production and sale of newsprint and magazine paper under the NOR brands. Packaging paper includes the production and sale of recycled containerboard under the Strato brand. Its product portfolio includes publication paper, recycled packaging paper, energy, and bioproducts. The company's core bioproducts are the nanocellulose product CEBINA and the bio-composite product CEBICO. Its reportable segments are Publication paper, Packaging paper, and Other activities. The majority of revenue is derived from the Publication paper segment. Geographically, the company generates the maximum revenue from Europe.
75GF Score

Get the complete analysis for OSL:NSKOG

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

kr36.25
Price
kr32.96
GF Value