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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Norse Atlantic ASA's Debt-to-EBITDA or its related term are showing as below:
OSL:NORSE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -114.03 Med: -12.28 Max: 17.09
Current: 17.09
During the past 5 years, the highest Debt-to-EBITDA Ratio of Norse Atlantic ASA was 17.09. The lowest was -114.03. And the median was -12.28.
OSL:NORSE's Debt-to-EBITDA is ranked worse than 95.52% of 870
companies
in the Transportation industry
Industry Median: 2.645
vs OSL:NORSE: 17.09
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Norse Atlantic ASA Debt-to-EBITDA Related Terms
Norse Atlantic ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Norse Atlantic ASA's Debt-to-EBITDA 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:NORSE vs DAL, UAL, LUV: Debt-to-EBITDA Comparison
For the Airlines subindustry, Norse Atlantic ASA's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Norse Atlantic ASA Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Norse Atlantic ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Norse Atlantic ASA's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Norse Atlantic ASA (OSL:NORSE) has a Debt-to-EBITDA of 34.44 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Norse Atlantic ASA. According to the industry distribution chart, Norse Atlantic ASA ranks #831 out of 870 companies in the Transportation industry, placing it in the top 95.5%.
Is Norse Atlantic ASA's Debt-to-EBITDA too high?
Norse Atlantic ASA's current Debt-to-EBITDA is 34.44. The Transportation industry median Debt-to-EBITDA is 2.65. Norse Atlantic ASA's value of 34.44 is 1202.1% above this industry median. Based on the distribution chart, Norse Atlantic ASA ranks #831 out of 870 companies in the Transportation industry, which is in the bottom quartile relative to peers. 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 Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Norse Atlantic ASA ranks #831 out of 870 companies for Debt-to-EBITDA. This places Norse Atlantic ASA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Norse Atlantic ASA's value of 34.44 is 1202.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norse Atlantic ASA's current Debt-to-EBITDA of 34.44 is 1202.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Norse Atlantic ASA. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norse Atlantic ASA's current Debt-to-EBITDA is 34.44. 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 kr3.31, compared to a current price of kr0.38 — trading 88.5% below its estimated fair value. The current Debt-to-EBITDA is 34.44 and 1202.1% above the Transportation industry median of 2.65. 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 Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Norse Atlantic ASA (OSL:NORSE), the current Debt-to-EBITDA is 34.44 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 kr0.38 is trading 88.5% below its estimated GF Value™ of kr3.31.
GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.
Key valuation signals for OSL:NORSE:
Debt-to-EBITDA: 34.44
GF Value™: kr3.31 vs. price of kr0.38 (88.5% below fair value)
Industry Position: 1202.1% above the Transportation median (#831 of 870)
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 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
Get the complete analysis for OSL:NORSE
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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