Norwegian Block Exchange AS (OSL:NBX) FCF Margin %: -65.99% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:NBX Norwegian Block Exchange AS OSL:NBX
51 GF Score
Price kr0.54
GF Value kr0.47
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Norwegian Block Exchange AS FCF Margin %?

Norwegian Block Exchange AS OSL:NBX -5.43% 51 FCF Margin % is -65.99% as of Dec. 2025. GuruFocus rates OSL:NBX with a GF Score™ of 51/100 and a GF Value™ of kr0.47 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 773 Capital Markets companies, Norwegian Block Exchange AS ranks worse than 82.54% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Norwegian Block Exchange AS's Free Cash Flow for the six months ended in Dec. 2025 was kr-6.11 Mil. Norwegian Block Exchange AS's Revenue for the six months ended in Dec. 2025 was kr9.26 Mil. Therefore, Norwegian Block Exchange AS's FCF Margin % for the quarter that ended in Dec. 2025 was -65.99%.

As of today, Norwegian Block Exchange AS's current FCF Yield % is -13.92%.

The historical rank and industry rank for Norwegian Block Exchange AS's FCF Margin % or its related term are showing as below:

OSL:NBX' s FCF Margin % Range Over the Past 10 Years
Min: -62188.33   Med: -3591.42   Max: -110.4
Current: -110.4


During the past 8 years, the highest FCF Margin % of Norwegian Block Exchange AS was -110.40%. The lowest was -62188.33%. And the median was -3591.42%.

OSL:NBX's FCF Margin % is ranked worse than
82.54% of 773 companies
in the Capital Markets industry
Industry Median: 1.02 vs OSL:NBX: -110.40


Norwegian Block Exchange AS FCF Margin % Related Terms


Norwegian Block Exchange AS FCF Margin % Historical Data

* Premium members only.

The historical data trend for Norwegian Block Exchange AS's FCF Margin % 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.

Norwegian Block Exchange AS FCF Margin % Chart

Norwegian Block Exchange AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial -15,820.24 -5,417.04 -302.75 -165.50 -110.40

Norwegian Block Exchange AS Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -180.95 -302.99 -100.63 -155.13 -65.99

OSL:NBX vs MS, GS, SCHW: FCF Margin % Comparison

For the Capital Markets subindustry, Norwegian Block Exchange AS's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 Block Exchange AS FCF Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Norwegian Block Exchange AS's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Norwegian Block Exchange AS's FCF Margin % falls into.


OSL:NBX
51GF Score
Norwegian Block Exchange AS OSL:NBX
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norwegian Block Exchange AS FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Norwegian Block Exchange AS's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-20.378/18.458
=-110.40 %

Norwegian Block Exchange AS's FCF Margin for the quarter that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-6.112/9.262
=-65.99 %

* 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 FCF Margin % →
What does a FCF Margin % of -65.99% mean?
Norwegian Block Exchange AS (OSL:NBX) has a FCF Margin % of -65.99% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Norwegian Block Exchange AS and its competitors. According to the industry distribution chart, Norwegian Block Exchange AS ranks #638 out of 773 companies in the Capital Markets industry, placing it in the top 82.5%.
Is Norwegian Block Exchange AS's FCF Margin % too high?
Norwegian Block Exchange AS's current FCF Margin % is -65.99%. Based on the distribution chart, Norwegian Block Exchange AS ranks #638 out of 773 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Norwegian Block Exchange AS has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Block Exchange AS's FCF Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Norwegian Block Exchange AS ranks #638 out of 773 companies for FCF Margin %. This places Norwegian Block Exchange AS in the lower half of its industry. The industry median FCF Margin % is 1.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Capital Markets company?
The median FCF Margin % among Capital Markets companies is 1.02, based on 773 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Norwegian Block Exchange AS and its competitors. For the Capital Markets industry, the median FCF Margin % is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Block Exchange AS's current FCF Margin % is -65.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Block Exchange AS stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Block Exchange AS (OSL:NBX) is currently considered Modestly Overvalued. The stock's GF Value™ is kr0.47, compared to a current price of kr0.54 — trading 14.9% above its estimated fair value. The current FCF Margin % is -65.99%. Norwegian Block Exchange AS's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Norwegian Block Exchange AS (OSL:NBX), the current FCF Margin % is -65.99% as of Dec. 2025. 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 Block Exchange AS (OSL:NBX) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Block Exchange AS stock appears to be overvalued. The current stock price of kr0.54 is trading 14.9% above its estimated GF Value™ of kr0.47. GuruFocus considers Norwegian Block Exchange AS to be Modestly Overvalued.

Key valuation signals for OSL:NBX:

  • FCF Margin %: -65.99%
  • GF Value™: kr0.47 vs. price of kr0.54 (14.9% above fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the OSL:NBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norwegian Block Exchange AS Business Description

Other Exchanges 9Q3:Germany
Address Arnstein Arnebergs Vei 30, Lysaker, NOR, 1366
Norwegian Block Exchange AS is a financial services company that specializes in developing digital asset-based products. It is a cryptocurrency exchange serving the Nordic market, offering secure trading of digital assets, tokenization, custody solutions, and blockchain technology services for retail and institutional clients. NBX provides a compliant trading environment with robust security measures and transparent operations. The company has also issued a credit card with BTC cashback.
51GF Score

Get the complete analysis for OSL:NBX

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.54
Price
kr0.47
GF Value