The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Norwegian Air Shuttle ASA's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.00.
The historical rank and industry rank for Norwegian Air Shuttle ASA's Dividend Payout Ratio or its related term are showing as below:
NWARF'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.36 Max: 0.36
Current: 0.32
During the past 13 years, the highest Dividend Payout Ratio of Norwegian Air Shuttle ASA was 0.36. The lowest was 0.32. And the median was 0.36.
NWARF's Dividend Payout Ratio is ranked better than 68.37% of 566
companies
in the Transportation industry
Industry Median: 0.45
vs NWARF: 0.32
During the past 13 years, the highest Trailing Annual Dividend Yield of Norwegian Air Shuttle ASA was 11.97%. The lowest was 5.11%. And the median was 5.75%.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Norwegian Air Shuttle ASA (OTCPK:NWARF) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Norwegian Air Shuttle ASA Dividend Payout Ratio Related Terms
Norwegian Air Shuttle ASA Dividend Payout 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 Dividend Payout Ratio Chart
NWARF vs DAL, UAL, LUV: Dividend Payout Ratio Comparison
For the Airlines subindustry, Norwegian Air Shuttle ASA's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Norwegian Air Shuttle ASA's Dividend Payout Ratio falls into.
Norwegian Air Shuttle ASA Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Norwegian Air Shuttle ASA's Dividend Payout Ratio 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 (NWARF) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Norwegian Air Shuttle ASA and its competitors. Over the past decade, Norwegian Air Shuttle ASA's Dividend Payout Ratio has ranged from 0.32 to 0.36. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #179 out of 566 companies in the Transportation industry, placing it in the top 31.6%.
Is Norwegian Air Shuttle ASA's Dividend Payout Ratio too high?
Norwegian Air Shuttle ASA's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.36. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #179 out of 566 companies in the Transportation industry, which is above the industry midpoint. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Dividend Payout Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #179 out of 566 companies for Dividend Payout Ratio. This puts Norwegian Air Shuttle ASA in the upper half of its industry. The industry median Dividend Payout Ratio is 0.45. Historically, Norwegian Air Shuttle ASA's own Dividend Payout Ratio has ranged from 0.32 to 0.36 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Transportation company?
The median Dividend Payout Ratio among Transportation companies is 0.45, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median Dividend Payout Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current Dividend Payout Ratio is 0.00. 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 (NWARF) is currently considered Fairly Valued. The stock's GF Value™ is $1.59, compared to a current price of $1.65 — trading 3.8% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Norwegian Air Shuttle ASA's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (NWARF), the current Dividend Payout Ratio is 0.00 as of Mar. 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 (NWARF) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be overvalued.
The current stock price of $1.65 is trading 3.8% above its estimated GF Value™ of $1.59.
GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.
Key valuation signals for NWARF:
Dividend Payout Ratio: 0.00
GF Value™: $1.59 vs. price of $1.65 (3.8% above fair value)
No single metric tells the full story. See the NWARF 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.
72GF Score
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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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