Norsk Hydro ASA (OSL:NHY) Moat Score: 6/10 (As of Jul. 11, 2026)


OSL:NHY Norsk Hydro ASA OSL:NHY
88 GF Score
Price kr85.06
GF Value kr68.28
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Norsk Hydro ASA Moat Score?

Norsk Hydro ASA OSL:NHY +0.26% 88 Moat Score is 6 as of Jul. 11, 2026. GuruFocus rates OSL:NHY with a GF Score™ of 88/100 and a GF Value™ of kr68.28 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,607 Metals & Mining companies, Norsk Hydro ASA ranks better than 99.73% on this metric.

Norsk Hydro ASA has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Norsk Hydro ASA has Narrow Moat: Norsk Hydro ASA has a strong narrow moat due to its economies of scale in aluminum production and significant market share. It benefits from proprietary technology and a robust distribution network, but lacks the regulatory barriers and customer switching costs needed for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Norsk Hydro ASA might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Norsk Hydro ASA  (OSL:NHY) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Norsk Hydro ASA Moat Score Related Terms

OSL:NHY vs AA, CENX, CSTM: Moat Score Comparison

For the Aluminum subindustry, Norsk Hydro ASA's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Moat Score distribution charts can be found below:

* The bar in red indicates where Norsk Hydro ASA's Moat Score falls into.


OSL:NHY
88GF Score
Norsk Hydro ASA OSL:NHY
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Norsk Hydro ASA (OSL:NHY) has a Moat Score of 6 as of Jul. 11, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Norsk Hydro ASA ranks #7 out of 2607 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is Norsk Hydro ASA's Moat Score too high?
Norsk Hydro ASA's current Moat Score is 6. The Metals & Mining industry median Moat Score is 1.00. Norsk Hydro ASA's value of 6 is 500% above this industry median. Based on the distribution chart, Norsk Hydro ASA ranks #7 out of 2607 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Norsk Hydro ASA ranks #7 out of 2607 companies for Moat Score. This places Norsk Hydro ASA in the top 0% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Norsk Hydro ASA's value of 6 is 500% 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 Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,607 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norsk Hydro ASA's current Moat Score of 6 is 500% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norsk Hydro ASA's current Moat Score is 6. 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 kr68.28, compared to a current price of kr85.06 — trading 24.6% above its estimated fair value. The current Moat Score is 6 and 500% above the Metals & Mining industry median of 1.00. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Norsk Hydro ASA (OSL:NHY), the current Moat Score is 6 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 24.6% above its estimated GF Value™ of kr68.28. GuruFocus considers Norsk Hydro ASA to be Modestly Overvalued.

Key valuation signals for OSL:NHY:

  • Moat Score: 6
  • GF Value™: kr68.28 vs. price of kr85.06 (24.6% above fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 500% above the Metals & Mining median (#7 of 2607)

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 Business Description

Address Drammensveien 264, Oslo, NOR, NO-0283
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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr85.06
Price
kr68.28
GF Value