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Norwegian Block Exchange AS (FRA:9Q3) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Norwegian Block Exchange AS's Enterprise Value for the quarter that ended in Dec. 2025 was €5.57 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Norwegian Block Exchange AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-1.36 Mil.
* 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 Block Exchange AS EV-to-EBIT Related Terms
Norwegian Block Exchange AS EV-to-EBIT Historical Data
* 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 Capital Markets subindustry, Norwegian Block Exchange AS's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 Block Exchange AS EV-to-EBIT vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Norwegian Block Exchange AS's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Norwegian Block Exchange AS's EV-to-EBIT falls into.
Norwegian Block Exchange AS's current Enterprise Value is €15.37 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Norwegian Block Exchange AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-1.36 Mil.
* 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 Block Exchange AS (FRA:9Q3) has a EV-to-EBIT of -11.27 as of Sep. 14, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Norwegian Block Exchange AS and its competitors. According to the industry distribution chart, Norwegian Block Exchange AS ranks #999999 out of 484 companies in the Capital Markets industry.
Is Norwegian Block Exchange AS's EV-to-EBIT too high?
Norwegian Block Exchange AS's current EV-to-EBIT is -11.27. Based on the distribution chart, Norwegian Block Exchange AS ranks #999999 out of 484 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Norwegian Block Exchange AS has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Block Exchange AS's EV-to-EBIT compare to MS and GS?
According to the Capital Markets industry distribution chart, Norwegian Block Exchange AS ranks #999999 out of 484 companies for EV-to-EBIT. This places Norwegian Block Exchange AS in the lower half of its industry. The industry median EV-to-EBIT is 9.18. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 9.18, based on 484 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Norwegian Block Exchange AS and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 9.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Block Exchange AS's current EV-to-EBIT is -11.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Block Exchange AS stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Block Exchange AS (FRA:9Q3) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.04, compared to a current price of €0.04 — trading 10.5% below its estimated fair value. The current EV-to-EBIT is -11.27. Norwegian Block Exchange AS's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Norwegian Block Exchange AS (FRA:9Q3), the current EV-to-EBIT is -11.27 as of Sep. 14, 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 Norwegian Block Exchange AS (FRA:9Q3) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Block Exchange AS stock appears to be undervalued.
The current stock price of €0.04 is trading 10.5% below its estimated GF Value™ of €0.04.
GuruFocus considers Norwegian Block Exchange AS to be Modestly Undervalued.
Key valuation signals for FRA:9Q3:
EV-to-EBIT: -11.27
GF Value™: €0.04 vs. price of €0.04 (10.5% below fair value)
No single metric tells the full story. See the FRA:9Q3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norwegian Block Exchange AS is a financial services company that specializes in developing digital asset-based products. It is a cryptocurrency exchange serving the Nordic market, offering secure trading of digital assets, tokenization, custody solutions, and blockchain technology services for retail and institutional clients. NBX provides a compliant trading environment with robust security measures and transparent operations. The company has also issued a credit card with BTC cashback.
51GF Score
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EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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