Norcod AS (FRA:NO9) EV-to-EBIT: -7.66 (As of Aug. 26, 2026)

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FRA:NO9 Norcod AS FRA:NO9
57 GF Score
Price €0.97
GF Value €0.59
! 7 Warning Signs
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What is Norcod AS EV-to-EBIT?

Norcod AS FRA:NO9 -1.82% 57 EV-to-EBIT is -7.66 as of Aug. 26, 2026. GuruFocus rates FRA:NO9 with a GF Score™ of 57/100 and a GF Value™ of €0.59. The stock has 7 warning signs investors should review. Among 1,570 Consumer Packaged Goods companies, Norcod AS ranks worse than 63694.2% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Norcod AS's Enterprise Value is €114.46 Mil. Norcod AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €-14.94 Mil. Therefore, Norcod AS's EV-to-EBIT for today is -7.66.

The historical rank and industry rank for Norcod AS's EV-to-EBIT or its related term are showing as below:

FRA:NO9' s EV-to-EBIT Range Over the Past 10 Years
Min: -864.39   Med: -5.1   Max: 225.83
Current: -7.18

During the past 8 years, the highest EV-to-EBIT of Norcod AS was 225.83. The lowest was -864.39. And the median was -5.10.

FRA:NO9's EV-to-EBIT is ranked worse than
100% of 1570 companies
in the Consumer Packaged Goods industry
Industry Median: 12.28 vs FRA:NO9: -7.18

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Norcod AS's Enterprise Value for the quarter that ended in Mar. 2026 was €99.72 Mil. Norcod AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €-14.94 Mil. Norcod AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -14.98%.


Norcod AS  (FRA:NO9) 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.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Norcod AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=-14.941/99.718774239
=-14.98 %

Norcod AS's Enterprise Value for the quarter that ended in Mar. 2026 was €99.72 Mil.
Norcod AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-14.94 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.


Norcod AS EV-to-EBIT Related Terms


Norcod AS EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Norcod AS's EV-to-EBIT 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.

Norcod AS EV-to-EBIT Chart

Norcod AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial -30.27 -4.86 -3.26 -4.45 -5.92

Norcod AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 -4.20 -5.53 -6.60 -5.92 -6.65

FRA:NO9 vs ADM, BG, TSN: EV-to-EBIT Comparison

For the Farm Products subindustry, Norcod 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.


Norcod AS EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Norcod AS's EV-to-EBIT falls into.


FRA:NO9
57GF Score
Norcod AS FRA:NO9
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norcod AS EV-to-EBIT Calculation

Norcod AS's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=114.462/-14.941
=-7.66

Norcod AS's current Enterprise Value is €114.46 Mil.
Norcod AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-14.94 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of -7.66 mean?
Norcod AS (FRA:NO9) has a EV-to-EBIT of -7.66 as of Aug. 26, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Norcod AS and its competitors. According to the industry distribution chart, Norcod AS ranks #999999 out of 1570 companies in the Consumer Packaged Goods industry.
Is Norcod AS's EV-to-EBIT too high?
Norcod AS's current EV-to-EBIT is -7.66. Based on the distribution chart, Norcod AS ranks #999999 out of 1570 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Norcod AS has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's EV-to-EBIT compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #999999 out of 1570 companies for EV-to-EBIT. This places Norcod AS in the lower half of its industry. The industry median EV-to-EBIT is 12.28. 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 Consumer Packaged Goods company?
The median EV-to-EBIT among Consumer Packaged Goods companies is 12.28, based on 1,570 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 Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median EV-to-EBIT is 12.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current EV-to-EBIT is -7.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norcod AS stock overvalued right now?
Norcod AS (FRA:NO9) has a current EV-to-EBIT of -7.66. The stock's GF Value™ is €0.59, compared to a current price of €0.97 — trading 64.4% above its estimated fair value. The current EV-to-EBIT is -7.66. Norcod AS's overall GF Score™ is 57/100 with 7 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 Norcod AS (FRA:NO9), the current EV-to-EBIT is -7.66 as of Aug. 26, 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 Norcod AS (FRA:NO9) Overvalued in 2026?

Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued. The current stock price of €0.97 is trading 64.4% above its estimated GF Value™ of €0.59.

Key valuation signals for FRA:NO9:

  • EV-to-EBIT: -7.66
  • GF Value™: €0.59 vs. price of €0.97 (64.4% above fair value)
  • GF Score™: 57/100 with 7 warning signs

No single metric tells the full story. See the FRA:NO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norcod AS Business Description

Other Exchanges NCOD:Norway
Address Thomas Angells Gate 22, Trondheim, NOR, 7011
Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
57GF Score

Get the complete analysis for FRA:NO9

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.97
Price
€0.59
GF Value