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Norwegian Block Exchange AS's quarterly market cap
increased
from Dec. 2024 (€4.11 Mil) to Jun. 2025 (€14.81 Mil) but then
declined
from Jun. 2025 (€14.81 Mil) to Dec. 2025 (€5.84 Mil).
Norwegian Block Exchange AS's annual market cap
increased
from Dec. 2023 (€3.74 Mil) to Dec. 2024 (€4.11 Mil) and
increased
from Dec. 2024 (€4.11 Mil) to Dec. 2025 (€5.84 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Norwegian Block Exchange AS's Enterprise Value for Today is €17.72 Mil.
Norwegian Block Exchange AS (FRA:9Q3) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Norwegian Block Exchange AS Market Cap Related Terms
Norwegian Block Exchange AS Market Cap 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 Capital Markets subindustry, Norwegian Block Exchange AS's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Norwegian Block Exchange AS's Market Cap distribution charts can be found below:
* The bar in red indicates where Norwegian Block Exchange AS's Market Cap falls into.
Norwegian Block Exchange AS Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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 (FRA:9Q3) has a Market Cap of €18.01 Mil as of Jul. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Norwegian Block Exchange AS and its competitors. According to the industry distribution chart, Norwegian Block Exchange AS ranks #512 out of 828 companies in the Capital Markets industry, placing it in the top 61.8%.
Is Norwegian Block Exchange AS's Market Cap too high?
Norwegian Block Exchange AS's current Market Cap is €18.01 Mil. Based on the distribution chart, Norwegian Block Exchange AS ranks #512 out of 828 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Norwegian Block Exchange AS has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Block Exchange AS's Market Cap compare to MS and GS?
According to the Capital Markets industry distribution chart, Norwegian Block Exchange AS ranks #512 out of 828 companies for Market Cap. This places Norwegian Block Exchange AS in the lower half of its industry. The industry median Market Cap is 55.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Capital Markets company?
The median Market Cap among Capital Markets companies is 55.01, based on 828 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Norwegian Block Exchange AS and its competitors. For the Capital Markets industry, the median Market Cap is 55.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Block Exchange AS's current Market Cap is €18.01 Mil. 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 (FRA:9Q3) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.04 — trading 6.5% above its estimated fair value. The current Market Cap is €18.01 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Norwegian Block Exchange AS (FRA:9Q3), the current Market Cap is €18.01 Mil as of Jul. 29, 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 Block Exchange AS (FRA:9Q3) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Block Exchange AS stock appears to be overvalued.
The current stock price of €0.04 is trading 6.5% above its estimated GF Value™ of €0.04.
GuruFocus considers Norwegian Block Exchange AS to be Significantly Overvalued.
Key valuation signals for FRA:9Q3:
Market Cap: €18.01 Mil
GF Value™: €0.04 vs. price of €0.04 (6.5% above fair value)
No single metric tells the full story. See the FRA:9Q3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 FRA:9Q3
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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