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Norsk Hydro ASANHYKF 85 Debt-to-Equity is 0.34 as of Jun. 2026, which is 3% above its 10-year median of 0.33. GuruFocus rates NHYKF with a GF Score™ of 85/100 and a GF Value™ of $7.49 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,225 Metals & Mining companies, Norsk Hydro ASA ranks worse than 65.63% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Norsk Hydro ASA's Debt-to-Equity or its related term are showing as below:
NHYKF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.33 Max: 0.45
Current: 0.34
During the past 13 years, the highest Debt-to-Equity Ratio of Norsk Hydro ASA was 0.45. The lowest was 0.08. And the median was 0.33.
NHYKF's Debt-to-Equity is ranked worse than 65.63% of 1225
companies
in the Metals & Mining industry
Industry Median: 0.14
vs NHYKF: 0.34
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Norsk Hydro ASA Debt-to-Equity Related Terms
Norsk Hydro ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Norsk Hydro ASA's Debt-to-Equity 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 Aluminum subindustry, Norsk Hydro ASA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Norsk Hydro ASA Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Norsk Hydro ASA's Debt-to-Equity 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.
Norsk Hydro ASA (NHYKF) has a Debt-to-Equity of 0.34 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Norsk Hydro ASA and its competitors. This is near median its historical median of 0.33. Over the past decade, Norsk Hydro ASA's Debt-to-Equity has ranged from 0.08 to 0.45. According to the industry distribution chart, Norsk Hydro ASA ranks #804 out of 1225 companies in the Metals & Mining industry, placing it in the top 65.6%.
Is Norsk Hydro ASA's Debt-to-Equity too high?
Norsk Hydro ASA's current Debt-to-Equity of 0.34 is near median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.45. The Metals & Mining industry median Debt-to-Equity is 0.14. Norsk Hydro ASA's value of 0.34 is 142.9% above this industry median. Based on the distribution chart, Norsk Hydro ASA ranks #804 out of 1225 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Norsk Hydro ASA has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's Debt-to-Equity compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Norsk Hydro ASA ranks #804 out of 1225 companies for Debt-to-Equity. This places Norsk Hydro ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.14. Norsk Hydro ASA's value of 0.34 is 142.9% above this benchmark. Historically, Norsk Hydro ASA's own Debt-to-Equity has ranged from 0.08 to 0.45 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.14, Norsk Hydro ASA has consistently been above 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-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,225 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norsk Hydro ASA's current Debt-to-Equity of 0.34 is 142.9% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Norsk Hydro ASA and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norsk Hydro ASA's current Debt-to-Equity is 0.34, which is near median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Hydro ASA stock overvalued right now?
Based on GuruFocus' analysis, Norsk Hydro ASA (NHYKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.49, compared to a current price of $9.55 — trading 27.5% above its estimated fair value. The current Debt-to-Equity is 0.34, which is near median its 10-year median of 0.33 and 142.9% above the Metals & Mining industry median of 0.14. Norsk Hydro ASA's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Norsk Hydro ASA (NHYKF), the current Debt-to-Equity is 0.34 as of Jun. 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 Norsk Hydro ASA (NHYKF) Overvalued in 2026?
Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued.
The current stock price of $9.55 is trading 27.5% above its estimated GF Value™ of $7.49.
GuruFocus considers Norsk Hydro ASA to be Significantly Overvalued.
Key valuation signals for NHYKF:
Debt-to-Equity: 0.34 (near median its 10-year median of 0.33)
GF Value™: $7.49 vs. price of $9.55 (27.5% above fair value)
Industry Position: 142.9% above the Metals & Mining median (#804 of 1225)
No single metric tells the full story. See the NHYKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants.
85GF Score
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