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Norcod ASFRA:NO9 -5.98%54 EV-to-FCF is -4.16 as of Jul. 15, 2026. GuruFocus rates FRA:NO9 with a GF Score™ of 54/100 and a GF Value™ of €0.54 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,189 Consumer Packaged Goods companies, Norcod AS ranks worse than 84104.21% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Norcod AS's Enterprise Value is €105.41 Mil.
Norcod AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-25.37 Mil. Therefore, Norcod AS's EV-to-FCF for today is -4.16.
The historical rank and industry rank for Norcod AS's EV-to-FCF or its related term are showing as below:
FRA:NO9'
s EV-to-FCF Range Over the Past 10 Years
Min: -515.67 Med: -6.34 Max: -2.18
Current: -4.25
During the past 8 years, the highest EV-to-FCF of Norcod AS was -2.18. The lowest was -515.67. And the median was -6.34.
FRA:NO9's EV-to-FCF is ranked worse than 100% of 1189
companies
in the Consumer Packaged Goods industry
Industry Median: 15.86
vs FRA:NO9: -4.25
EV-to-FCF 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.
EV-to-FCF 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.
Norcod AS's share price for today is €0.912.
Norcod AS's Earnings per Share (Diluted) 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 €-0.271.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Norcod AS EV-to-FCF Related Terms
Norcod AS EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Norcod AS's EV-to-FCF 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 Farm Products subindustry, Norcod AS's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Norcod AS's EV-to-FCF falls into.
Norcod AS's current Enterprise Value is €105.41 Mil.
Norcod AS's Free Cash Flow 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 €-25.37 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 (FRA:NO9) has a EV-to-FCF of -4.16 as of Jul. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Norcod AS and its competitors. According to the industry distribution chart, Norcod AS ranks #999999 out of 1189 companies in the Consumer Packaged Goods industry.
Is Norcod AS's EV-to-FCF too high?
Norcod AS's current EV-to-FCF is -4.16. Based on the distribution chart, Norcod AS ranks #999999 out of 1189 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Norcod AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's EV-to-FCF compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #999999 out of 1189 companies for EV-to-FCF. This places Norcod AS in the lower half of its industry. The industry median EV-to-FCF is 15.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Consumer Packaged Goods company?
The median EV-to-FCF among Consumer Packaged Goods companies is 15.86, based on 1,189 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median EV-to-FCF is 15.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current EV-to-FCF is -4.16. 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?
Based on GuruFocus' analysis, Norcod AS (FRA:NO9) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.54, compared to a current price of €0.91 — trading 68.9% above its estimated fair value. The current EV-to-FCF is -4.16. Norcod AS's overall GF Score™ is 54/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Norcod AS (FRA:NO9), the current EV-to-FCF is -4.16 as of Jul. 15, 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 €0.91 is trading 68.9% above its estimated GF Value™ of €0.54.
GuruFocus considers Norcod AS to be Significantly Overvalued.
Key valuation signals for FRA:NO9:
EV-to-FCF: -4.16
GF Value™: €0.54 vs. price of €0.91 (68.9% above fair value)
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 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.
54GF Score
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