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.
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.
Norske Skog ASA (OSL:NSKOG) 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 .
Norske Skog ASA Forward PE Ratio Related Terms
Norske Skog ASA Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Norske Skog ASA's Forward PE Ratio 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.
Norske Skog ASA Forward PE Ratio Chart
Norske Skog ASA Annual Data
Trend
Forward PE Ratio
Norske Skog ASA Quarterly Data
2020-06
2025-03
2026-03
Forward PE Ratio
11.49
47.09
97.89
OSL:NSKOG vs SLVM: Forward PE Ratio Comparison
For the Paper & Paper Products subindustry, Norske Skog 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.
Norske Skog ASA Forward PE Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Norske Skog ASA's Forward PE Ratio falls into.
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.
Norske Skog ASA (OSL:NSKOG) has a Forward PE Ratio of 19.71 as of Aug. 05, 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 Norske Skog ASA and its competitors. According to the industry distribution chart, Norske Skog ASA ranks #50 out of 84 companies in the Forest Products industry, placing it in the top 59.5%.
Is Norske Skog ASA's Forward PE Ratio too high?
Norske Skog ASA's current Forward PE Ratio is 19.71. The Forest Products industry median Forward PE Ratio is 15.64. Norske Skog ASA's value of 19.71 is 26.1% above this industry median. Based on the distribution chart, Norske Skog ASA ranks #50 out of 84 companies in the Forest Products industry, which is below the industry midpoint. Overall, Norske Skog ASA has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's Forward PE Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #50 out of 84 companies for Forward PE Ratio. This places Norske Skog ASA in the lower half of its industry. The industry median Forward PE Ratio is 15.64. Norske Skog ASA's value of 19.71 is 26.1% above 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 Forest Products company?
The median Forward PE Ratio among Forest Products companies is 15.64, based on 84 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. Norske Skog ASA's current Forward PE Ratio of 19.71 is 26.1% 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 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 Norske Skog ASA and its competitors. For the Forest Products industry, the median Forward PE Ratio is 15.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current Forward PE Ratio is 19.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norske Skog ASA stock overvalued right now?
Based on GuruFocus' analysis, Norske Skog ASA (OSL:NSKOG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.17, compared to a current price of kr43.20 — trading 30.2% above its estimated fair value. The current Forward PE Ratio is 19.71 and 26.1% above the Forest Products industry median of 15.64. Norske Skog ASA's overall GF Score™ is 75/100 with 9 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 Norske Skog ASA (OSL:NSKOG), the current Forward PE Ratio is 19.71 as of Aug. 05, 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 Norske Skog ASA (OSL:NSKOG) Overvalued in 2026?
Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued.
The current stock price of kr43.20 is trading 30.2% above its estimated GF Value™ of kr33.17.
GuruFocus considers Norske Skog ASA to be Modestly Overvalued.
Key valuation signals for OSL:NSKOG:
Forward PE Ratio: 19.71
GF Value™: kr33.17 vs. price of kr43.20 (30.2% above fair value)
Industry Position: 26.1% above the Forest Products median (#50 of 84)
No single metric tells the full story. See the OSL:NSKOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norske Skog ASA is a European company focused on the production of publication and packaging paper. The publication paper includes the production and sale of newsprint and magazine paper under the NOR brands. Packaging paper includes the production and sale of recycled containerboard under the Strato brand. Its product portfolio includes publication paper, recycled packaging paper, energy, and bioproducts. The company's core bioproducts are the nanocellulose product CEBINA and the bio-composite product CEBICO. Its reportable segments are Publication paper, Packaging paper, and Other activities. The majority of revenue is derived from the Publication paper segment. Geographically, the company generates the maximum revenue from Europe.
75GF Score
Get the complete analysis for OSL:NSKOG
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:NSKOG has been successfully added to your 
