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Norsk Hydro ASANHYKF +0.23%87 EV-to-OCF is 11.48 as of Sep. 02, 2026, which is 37% above its 10-year median of 8.36. GuruFocus rates NHYKF with a GF Score™ of 87/100 and a GF Value™ of $7.23 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,669 Metals & Mining companies, Norsk Hydro ASA ranks worse than 87.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Norsk Hydro ASA's Enterprise Value is $21,914 Mil.
Norsk Hydro ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,909 Mil. Therefore, Norsk Hydro ASA's EV-to-OCF for today is 11.48.
The historical rank and industry rank for Norsk Hydro ASA's EV-to-OCF or its related term are showing as below:
NHYKF'
s EV-to-OCF Range Over the Past 10 Years
Min: 4.02 Med: 8.36 Max: 21.75
Current: 11.48
During the past 13 years, the highest EV-to-OCF of Norsk Hydro ASA was 21.75. The lowest was 4.02. And the median was 8.36.
NHYKF's EV-to-OCF is ranked worse than 87.37% of 2669
companies
in the Metals & Mining industry
Industry Median: -8.87
vs NHYKF: 11.48
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Norsk Hydro ASA (OTCPK:NHYKF) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Norsk Hydro ASA's PE Ratio (TTM) for today is calculated as:
Norsk Hydro ASA's share price for today is $9.9725.
Norsk Hydro ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.521.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Norsk Hydro ASA EV-to-OCF Related Terms
Norsk Hydro ASA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Norsk Hydro ASA's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Norsk Hydro ASA's EV-to-OCF falls into.
Norsk Hydro ASA's current Enterprise Value is $21,914 Mil.
Norsk Hydro ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,909 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.
Norsk Hydro ASA (NHYKF) has a EV-to-OCF of 11.48 as of Sep. 02, 2026. This is 37% above median its historical median of 8.36. Over the past decade, Norsk Hydro ASA's EV-to-OCF has ranged from 4.02 to 21.75. According to the industry distribution chart, Norsk Hydro ASA ranks #2332 out of 2669 companies in the Metals & Mining industry, placing it in the top 87.4%.
Is Norsk Hydro ASA's EV-to-OCF too high?
Norsk Hydro ASA's current EV-to-OCF of 11.48 is 37% above median its 10-year median of 8.36. Over the past 10 years, this metric has ranged from a low of 4.02 to a high of 21.75. Based on the distribution chart, Norsk Hydro ASA ranks #2332 out of 2669 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Norsk Hydro ASA has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's EV-to-OCF compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Norsk Hydro ASA ranks #2332 out of 2669 companies for EV-to-OCF. This places Norsk Hydro ASA in the lower half of its industry. Historically, Norsk Hydro ASA's own EV-to-OCF has ranged from 4.02 to 21.75 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Norsk Hydro ASA's current EV-to-OCF is 11.48, which is 37% above median its own 10-year median of 8.36. 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 $7.23, compared to a current price of $9.97 — trading 37.9% above its estimated fair value. The current EV-to-OCF is 11.48, which is 37% above median its 10-year median of 8.36. Norsk Hydro ASA's overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Norsk Hydro ASA (NHYKF), the current EV-to-OCF is 11.48 as of Sep. 02, 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 $9.97 is trading 37.9% above its estimated GF Value™ of $7.23.
GuruFocus considers Norsk Hydro ASA to be Significantly Overvalued.
Key valuation signals for NHYKF:
EV-to-OCF: 11.48 (37% above median its 10-year median of 8.36)
GF Value™: $7.23 vs. price of $9.97 (37.9% above fair value)
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.
87GF Score
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