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Norske Skog ASAOSL:NSKOG +1.84%69 Debt-to-EBITDA is 2.74 as of Mar. 2026, which is 45% above its 10-year median of 1.89. GuruFocus rates OSL:NSKOG with a GF Score™ of 69/100 and a GF Value™ of kr33.41 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 211 Forest Products companies, Norske Skog ASA ranks worse than 68.25% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Norske Skog ASA's Debt-to-EBITDA or its related term are showing as below:
OSL:NSKOG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.03 Med: 1.89 Max: 31.99
Current: 5.27
During the past 13 years, the highest Debt-to-EBITDA Ratio of Norske Skog ASA was 31.99. The lowest was -17.03. And the median was 1.89.
OSL:NSKOG's Debt-to-EBITDA is ranked worse than 68.25% of 211
companies
in the Forest Products industry
Industry Median: 3.3
vs OSL:NSKOG: 5.27
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.
Norske Skog ASA Debt-to-EBITDA Related Terms
Norske Skog ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Norske Skog 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.
For the Paper & Paper Products subindustry, Norske Skog 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.
Norske Skog ASA Debt-to-EBITDA vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Norske Skog 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.
Norske Skog ASA (OSL:NSKOG) has a Debt-to-EBITDA of 2.74 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 Norske Skog ASA. This is 45% above median its historical median of 1.89. According to the industry distribution chart, Norske Skog ASA ranks #144 out of 211 companies in the Forest Products industry, placing it in the top 68.2%.
Is Norske Skog ASA's Debt-to-EBITDA too high?
Norske Skog ASA's current Debt-to-EBITDA of 2.74 is 45% above median its 10-year median of 1.89. The Forest Products industry median Debt-to-EBITDA is 3.30. Norske Skog ASA's value of 2.74 is 17% below this industry median. Based on the distribution chart, Norske Skog ASA ranks #144 out of 211 companies in the Forest Products industry, which is below the industry midpoint. Overall, Norske Skog ASA has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's Debt-to-EBITDA compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #144 out of 211 companies for Debt-to-EBITDA. This places Norske Skog ASA in the lower half of its industry. The industry median Debt-to-EBITDA is 3.30. Norske Skog ASA's value of 2.74 is 17% below this benchmark. While the company's 10-year median is 1.89 vs. the industry median of 3.30, Norske Skog ASA has consistently been below the industry average. 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.30, based on 211 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. Norske Skog ASA's current Debt-to-EBITDA of 2.74 is 17% below 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 Norske Skog ASA. For the Forest Products industry, the median Debt-to-EBITDA is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current Debt-to-EBITDA is 2.74, which is 45% above median its own 10-year median of 1.89. 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 Significantly Overvalued. The stock's GF Value™ is kr33.41, compared to a current price of kr49.75 — trading 48.9% above its estimated fair value. The current Debt-to-EBITDA is 2.74, which is 45% above median its 10-year median of 1.89 and 17% below the Forest Products industry median of 3.30. Norske Skog ASA's overall GF Score™ is 69/100 with 13 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 Norske Skog ASA (OSL:NSKOG), the current Debt-to-EBITDA is 2.74 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 kr49.75 is trading 48.9% above its estimated GF Value™ of kr33.41.
GuruFocus considers Norske Skog ASA to be Significantly Overvalued.
Key valuation signals for OSL:NSKOG:
Debt-to-EBITDA: 2.74 (45% above median its 10-year median of 1.89)
GF Value™: kr33.41 vs. price of kr49.75 (48.9% above fair value)
Industry Position: 17% below the Forest Products median (#144 of 211)
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 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.
69GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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