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Norwegian Air Shuttle ASA (OSL:NAS) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Norwegian Air Shuttle ASA Forward PE Ratio Related Terms
Norwegian Air Shuttle ASA Forward PE Ratio 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.
Norwegian Air Shuttle ASA Forward PE Ratio Chart
Norwegian Air Shuttle ASA Annual Data
Trend
2015-12
2016-12
2023-12
2024-12
2025-12
Forward PE Ratio
11.33
10.01
9.62
6.60
8.17
Norwegian Air Shuttle ASA Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2022-09
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
11.33
9.11
8.16
9.17
10.01
12.90
5.13
9.21
6.26
5.22
9.62
7.52
5.20
6.54
6.60
7.73
7.57
8.14
8.17
7.16
8.10
OSL:NAS vs DAL, UAL, LUV: Forward PE Ratio Comparison
For the Airlines subindustry, Norwegian Air Shuttle ASA's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Norwegian Air Shuttle ASA's Forward PE Ratio falls into.
Norwegian Air Shuttle ASA Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Norwegian Air Shuttle ASA (OSL:NAS) has a Forward PE Ratio of 7.75 as of Jul. 15, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Norwegian Air Shuttle ASA and its competitors. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #78 out of 490 companies in the Transportation industry, placing it in the top 15.9%.
Is Norwegian Air Shuttle ASA's Forward PE Ratio too high?
Norwegian Air Shuttle ASA's current Forward PE Ratio is 7.75. The Transportation industry median Forward PE Ratio is 13.65. Norwegian Air Shuttle ASA's value of 7.75 is 43.2% below this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #78 out of 490 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 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Forward PE Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #78 out of 490 companies for Forward PE Ratio. This places Norwegian Air Shuttle ASA in the top 16% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 13.65. Norwegian Air Shuttle ASA's value of 7.75 is 43.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Transportation company?
The median Forward PE Ratio among Transportation companies is 13.65, based on 490 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Air Shuttle ASA's current Forward PE Ratio of 7.75 is 43.2% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median Forward PE Ratio is 13.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current Forward PE Ratio is 7.75. 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 Modestly Undervalued. The stock's GF Value™ is kr15.74, compared to a current price of kr13.10 — trading 16.8% below its estimated fair value. The current Forward PE Ratio is 7.75 and 43.2% below the Transportation industry median of 13.65. Norwegian Air Shuttle ASA's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current Forward PE Ratio is 7.75 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 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 kr13.10 is trading 16.8% below its estimated GF Value™ of kr15.74.
GuruFocus considers Norwegian Air Shuttle ASA to be Modestly Undervalued.
Key valuation signals for OSL:NAS:
Forward PE Ratio: 7.75
GF Value™: kr15.74 vs. price of kr13.10 (16.8% below fair value)
Industry Position: 43.2% below the Transportation median (#78 of 490)
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.
71GF Score
Get the complete analysis for OSL:NAS
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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