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The historical rank and industry rank for Norwegian Air Shuttle ASA's Net Cash per Share or its related term are showing as below:
OSL:NAS's Price-to-Net-Cash is not ranked *
in the Transportation industry.
Industry Median: 7.63 * Ranked among companies with meaningful Price-to-Net-Cash only.
Norwegian Air Shuttle ASA (OSL:NAS) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Norwegian Air Shuttle ASA Net Cash per Share Related Terms
Norwegian Air Shuttle ASA Net Cash per Share 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 Net Cash per Share Chart
OSL:NAS vs DAL, UAL, LUV: Net Cash per Share Comparison
For the Airlines subindustry, Norwegian Air Shuttle ASA's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Transportation Industry
For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Norwegian Air Shuttle ASA's Price-to-Net-Cash falls into.
Norwegian Air Shuttle ASA Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Norwegian Air Shuttle ASA's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (OSL:NAS) has a Net Cash per Share of kr-25.30 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Norwegian Air Shuttle ASA and its competitors. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #999999 out of 122 companies in the Transportation industry.
Is Norwegian Air Shuttle ASA's Net Cash per Share too high?
Norwegian Air Shuttle ASA's current Net Cash per Share is kr-25.30. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #999999 out of 122 companies in the Transportation industry, which is in the bottom quartile 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 Net Cash per Share compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #999999 out of 122 companies for Net Cash per Share. This places Norwegian Air Shuttle ASA in the lower half of its industry. The industry median Net Cash per Share is 7.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Transportation company?
The median Net Cash per Share among Transportation companies is 7.63, based on 122 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median Net Cash per Share is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current Net Cash per Share is kr-25.30. 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 kr15.84, compared to a current price of kr12.91 — trading 18.5% below its estimated fair value. The current Net Cash per Share is kr-25.30. 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 Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current Net Cash per Share is kr-25.30 as of Jun. 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 kr12.91 is trading 18.5% below its estimated GF Value™ of kr15.84.
GuruFocus considers Norwegian Air Shuttle ASA to be Modestly Undervalued.
Key valuation signals for OSL:NAS:
Net Cash per Share: kr-25.30
GF Value™: kr15.84 vs. price of kr12.91 (18.5% below fair value)
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
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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