Norsk Hydro ASAOSL:NHY +0.26%88 EV-to-FCF is 32.03 as of Jul. 11, 2026, which is 102% above its 10-year median of 15.86. GuruFocus rates OSL:NHY with a GF Score™ of 88/100 and a GF Value™ of kr68.36 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 443 Metals & Mining companies, Norsk Hydro ASA ranks worse than 66.59% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Norsk Hydro ASA's Enterprise Value is kr186,096 Mil.
Norsk Hydro ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was kr5,810 Mil. Therefore, Norsk Hydro ASA's EV-to-FCF for today is 32.03.
The historical rank and industry rank for Norsk Hydro ASA's EV-to-FCF or its related term are showing as below:
OSL:NHY'
s EV-to-FCF Range Over the Past 10 Years
Min: -511.01 Med: 15.86 Max: 99.28
Current: 32.42
During the past 13 years, the highest EV-to-FCF of Norsk Hydro ASA was 99.28. The lowest was -511.01. And the median was 15.86.
OSL:NHY's EV-to-FCF is ranked worse than 66.59% of 443
companies
in the Metals & Mining industry
Industry Median: 18.92
vs OSL:NHY: 32.42
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.
Norsk Hydro ASA's PE Ratio (TTM) for today is calculated as:
Norsk Hydro ASA's share price for today is kr85.06.
Norsk Hydro 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 kr3.120.
* 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.
Norsk Hydro ASA EV-to-FCF Related Terms
Norsk Hydro ASA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Norsk Hydro ASA'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 Aluminum subindustry, Norsk Hydro 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.
Norsk Hydro ASA EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Norsk Hydro ASA's EV-to-FCF falls into.
Norsk Hydro ASA's current Enterprise Value is kr186,096 Mil.
Norsk Hydro 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 kr5,810 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 (OSL:NHY) has a EV-to-FCF of 32.03 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Norsk Hydro ASA and its competitors. This is 102% above median its historical median of 15.86. According to the industry distribution chart, Norsk Hydro ASA ranks #295 out of 443 companies in the Metals & Mining industry, placing it in the top 66.6%.
Is Norsk Hydro ASA's EV-to-FCF too high?
Norsk Hydro ASA's current EV-to-FCF of 32.03 is 102% above median its 10-year median of 15.86. The Metals & Mining industry median EV-to-FCF is 18.92. Norsk Hydro ASA's value of 32.03 is 69.3% above this industry median. Based on the distribution chart, Norsk Hydro ASA ranks #295 out of 443 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Norsk Hydro ASA has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's EV-to-FCF compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Norsk Hydro ASA ranks #295 out of 443 companies for EV-to-FCF. This places Norsk Hydro ASA in the lower half of its industry. The industry median EV-to-FCF is 18.92. Norsk Hydro ASA's value of 32.03 is 69.3% above this benchmark. While the company's 10-year median is 15.86 vs. the industry median of 18.92, Norsk Hydro ASA has consistently been above 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 Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.92, based on 443 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. Norsk Hydro ASA's current EV-to-FCF of 32.03 is 69.3% above 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 Norsk Hydro ASA and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norsk Hydro ASA's current EV-to-FCF is 32.03, which is 102% above median its own 10-year median of 15.86. 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 (OSL:NHY) is currently considered Modestly Overvalued. The stock's GF Value™ is kr68.36, compared to a current price of kr85.06 — trading 24.4% above its estimated fair value. The current EV-to-FCF is 32.03, which is 102% above median its 10-year median of 15.86 and 69.3% above the Metals & Mining industry median of 18.92. Norsk Hydro ASA's overall GF Score™ is 88/100 with 2 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 Norsk Hydro ASA (OSL:NHY), the current EV-to-FCF is 32.03 as of Jul. 11, 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 (OSL:NHY) Overvalued in 2026?
Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued.
The current stock price of kr85.06 is trading 24.4% above its estimated GF Value™ of kr68.36.
GuruFocus considers Norsk Hydro ASA to be Modestly Overvalued.
Key valuation signals for OSL:NHY:
EV-to-FCF: 32.03 (102% above median its 10-year median of 15.86)
GF Value™: kr68.36 vs. price of kr85.06 (24.4% above fair value)
Industry Position: 69.3% above the Metals & Mining median (#295 of 443)
No single metric tells the full story. See the OSL:NHY 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.
88GF Score
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