Norse Atlantic ASA (OSL:NORSE) EV-to-EBIT: -30.96 (As of Aug. 04, 2026)

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OSL:NORSE Norse Atlantic ASA OSL:NORSE
29 GF Score
Price kr0.38
GF Value kr3.28
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Norse Atlantic ASA EV-to-EBIT?

Norse Atlantic ASA OSL:NORSE -4.32% 29 EV-to-EBIT is -30.96 as of Aug. 04, 2026. GuruFocus rates OSL:NORSE with a GF Score™ of 29/100 and a GF Value™ of kr3.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 863 Transportation companies, Norse Atlantic ASA ranks worse than 115874.74% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Norse Atlantic ASA's Enterprise Value is kr8,837 Mil. Norse Atlantic ASA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was kr-285 Mil. Therefore, Norse Atlantic ASA's EV-to-EBIT for today is -30.96.

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

OSL:NORSE' s EV-to-EBIT Range Over the Past 10 Years
Min: -43.22   Med: -8.41   Max: -0.19
Current: -30.95

During the past 5 years, the highest EV-to-EBIT of Norse Atlantic ASA was -0.19. The lowest was -43.22. And the median was -8.41.

OSL:NORSE's EV-to-EBIT is ranked worse than
100% of 863 companies
in the Transportation industry
Industry Median: 12.34 vs OSL:NORSE: -30.95

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Norse Atlantic ASA's Enterprise Value for the quarter that ended in Mar. 2026 was kr8,512 Mil. Norse Atlantic ASA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was kr-285 Mil. Norse Atlantic ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.35%.


Norse Atlantic ASA  (OSL:NORSE) 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) %.

Norse Atlantic ASA'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 )
=-285.45/8511.93382477
=-3.35 %

Norse Atlantic ASA's Enterprise Value for the quarter that ended in Mar. 2026 was kr8,512 Mil.
Norse Atlantic ASA'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 kr-285 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.


Norse Atlantic ASA EV-to-EBIT Related Terms


Norse Atlantic ASA EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Norse Atlantic ASA'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.

Norse Atlantic ASA EV-to-EBIT Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
-11.17 -6.43 -8.04 -10.11 -43.62

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 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 -18.70 -38.45 -36.08 -43.62 -29.82

OSL:NORSE vs DAL, UAL, LUV: EV-to-EBIT Comparison

For the Airlines subindustry, Norse Atlantic ASA'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.


Norse Atlantic ASA EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Norse Atlantic ASA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Norse Atlantic ASA's EV-to-EBIT falls into.


OSL:NORSE
29GF Score
Norse Atlantic ASA OSL:NORSE
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norse Atlantic ASA EV-to-EBIT Calculation

Norse Atlantic ASA's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=8836.602/-285.45
=-30.96

Norse Atlantic ASA's current Enterprise Value is kr8,837 Mil.
Norse Atlantic ASA'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 kr-285 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 -30.96 mean?
Norse Atlantic ASA (OSL:NORSE) has a EV-to-EBIT of -30.96 as of Aug. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Norse Atlantic ASA and its competitors. According to the industry distribution chart, Norse Atlantic ASA ranks #999999 out of 863 companies in the Transportation industry.
Is Norse Atlantic ASA's EV-to-EBIT too high?
Norse Atlantic ASA's current EV-to-EBIT is -30.96. Based on the distribution chart, Norse Atlantic ASA ranks #999999 out of 863 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 EV-to-EBIT compare to DAL and UAL?
According to the Transportation industry distribution chart, Norse Atlantic ASA ranks #999999 out of 863 companies for EV-to-EBIT. This places Norse Atlantic ASA in the lower half of its industry. The industry median EV-to-EBIT is 12.34. 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 Transportation company?
The median EV-to-EBIT among Transportation companies is 12.34, based on 863 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 Norse Atlantic ASA and its competitors. For the Transportation industry, the median EV-to-EBIT is 12.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norse Atlantic ASA's current EV-to-EBIT is -30.96. 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 kr3.28, compared to a current price of kr0.38 — trading 88.5% below its estimated fair value. The current EV-to-EBIT is -30.96. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Norse Atlantic ASA (OSL:NORSE), the current EV-to-EBIT is -30.96 as of Aug. 04, 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 kr3.28. GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.

Key valuation signals for OSL:NORSE:

  • EV-to-EBIT: -30.96
  • GF Value™: kr3.28 vs. price of kr0.38 (88.5% below fair value)
  • GF Score™: 29/100 with 3 warning signs

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 Business Description

Address Floyveien 14, Arendal, NOR, 4838
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

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

kr0.38
Price
kr3.28
GF Value