Norwegian Air Shuttle ASAOSL:NAS -2.97%69 EV-to-FCF is 2.69 as of Jun. 28, 2026, which is 10% below its 10-year median of 3.00. GuruFocus rates OSL:NAS with a GF Score™ of 69/100 and a GF Value™ of kr16.07 (Fairly Valued). The stock has 4 warning signs investors should review. Among 675 Transportation companies, Norwegian Air Shuttle ASA ranks better than 93.63% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Norwegian Air Shuttle ASA's Enterprise Value is kr20,832 Mil.
Norwegian Air Shuttle ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was kr7,747 Mil. Therefore, Norwegian Air Shuttle ASA's EV-to-FCF for today is 2.69.
The historical rank and industry rank for Norwegian Air Shuttle ASA's EV-to-FCF or its related term are showing as below:
OSL:NAS'
s EV-to-FCF Range Over the Past 10 Years
Min: -20.44 Med: 3 Max: 172.8
Current: 2.69
During the past 13 years, the highest EV-to-FCF of Norwegian Air Shuttle ASA was 172.80. The lowest was -20.44. And the median was 3.00.
OSL:NAS's EV-to-FCF is ranked better than 93.63% of 675
companies
in the Transportation industry
Industry Median: 14.26
vs OSL:NAS: 2.69
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.
Norwegian Air Shuttle ASA (OSL:NAS) EV-to-FCF Explanation
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.
Norwegian Air Shuttle ASA's PE Ratio (TTM) for today is calculated as:
Norwegian Air Shuttle ASA's share price for today is kr15.66.
Norwegian Air Shuttle ASA'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 kr2.870.
* 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.
Norwegian Air Shuttle ASA EV-to-FCF Related Terms
Norwegian Air Shuttle ASA EV-to-FCF 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 Airlines subindustry, Norwegian Air Shuttle ASA'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.
Norwegian Air Shuttle ASA EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Norwegian Air Shuttle ASA's EV-to-FCF falls into.
Norwegian Air Shuttle ASA's current Enterprise Value is kr20,832 Mil.
Norwegian Air Shuttle ASA'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 kr7,747 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 Air Shuttle ASA (OSL:NAS) has a EV-to-FCF of 2.69 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Norwegian Air Shuttle ASA and its competitors. This is 10% below median its historical median of 3.00. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #43 out of 675 companies in the Transportation industry, placing it in the top 6.4%.
Is Norwegian Air Shuttle ASA's EV-to-FCF too high?
Norwegian Air Shuttle ASA's current EV-to-FCF of 2.69 is 10% below median its 10-year median of 3.00. The Transportation industry median EV-to-FCF is 14.26. Norwegian Air Shuttle ASA's value of 2.69 is 81.1% below this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #43 out of 675 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #43 out of 675 companies for EV-to-FCF. This places Norwegian Air Shuttle ASA in the top 6% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.26. Norwegian Air Shuttle ASA's value of 2.69 is 81.1% below this benchmark. While the company's 10-year median is 3.00 vs. the industry median of 14.26, Norwegian Air Shuttle ASA has consistently been below the industry average. 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.26, based on 675 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. Norwegian Air Shuttle ASA's current EV-to-FCF of 2.69 is 81.1% below the industry median. 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 Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median EV-to-FCF is 14.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current EV-to-FCF is 2.69, which is 10% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Fairly Valued. The stock's GF Value™ is kr16.07, compared to a current price of kr15.66 — trading 2.6% below its estimated fair value. The current EV-to-FCF is 2.69, which is 10% below median its 10-year median of 3.00 and 81.1% below the Transportation industry median of 14.26. Norwegian Air Shuttle ASA's overall GF Score™ is 69/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current EV-to-FCF is 2.69 as of Jun. 28, 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 Air Shuttle ASA (OSL:NAS) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued.
The current stock price of kr15.66 is trading 2.6% below its estimated GF Value™ of kr16.07.
GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.
Key valuation signals for OSL:NAS:
EV-to-FCF: 2.69 (10% below median its 10-year median of 3.00)
GF Value™: kr16.07 vs. price of kr15.66 (2.6% below fair value)
Industry Position: 81.1% below the Transportation median (#43 of 675)
No single metric tells the full story. See the OSL:NAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
69GF Score
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