The historical rank and industry rank for Norwegian Air Shuttle ASA's PB Ratio or its related term are showing as below:
OSL:NAS'
s PB Ratio Range Over the Past 10 Years
Min: 0.11 Med: 2.23 Max: 5.64
Current: 1.81
During the past 13 years, Norwegian Air Shuttle ASA's highest PB Ratio was 5.64. The lowest was 0.11. And the median was 2.23.
OSL:NAS's PB Ratio is ranked worse than 66.46% of 963
companies
in the Transportation industry
Industry Median: 1.25
vs OSL:NAS: 1.81
During the past 12 months, Norwegian Air Shuttle ASA's average Book Value Per Share Growth Rate was 35.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Norwegian Air Shuttle ASA was 52.40% per year. The lowest was -84.80% per year. And the median was 13.70% per year.
Back to Basics: PB Ratio
Norwegian Air Shuttle ASA (OSL:NAS) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Norwegian Air Shuttle ASA PB Ratio Related Terms
Norwegian Air Shuttle ASA PB 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.
For the Airlines subindustry, Norwegian Air Shuttle ASA's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Norwegian Air Shuttle ASA's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Norwegian Air Shuttle ASA (OSL:NAS) has a PB Ratio of 1.81 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Norwegian Air Shuttle ASA and its competitors. This is 19% below median its historical median of 2.23. Over the past decade, Norwegian Air Shuttle ASA's PB Ratio has ranged from 0.11 to 5.64. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #640 out of 963 companies in the Transportation industry, placing it in the top 66.5%.
Is Norwegian Air Shuttle ASA's PB Ratio too high?
Norwegian Air Shuttle ASA's current PB Ratio of 1.81 is 19% below median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 5.64. The Transportation industry median PB Ratio is 1.25. Norwegian Air Shuttle ASA's value of 1.81 is 44.8% above this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #640 out of 963 companies in the Transportation industry, which is below the industry midpoint. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #640 out of 963 companies for PB Ratio. This places Norwegian Air Shuttle ASA in the lower half of its industry. The industry median PB Ratio is 1.25. Norwegian Air Shuttle ASA's value of 1.81 is 44.8% above this benchmark. Historically, Norwegian Air Shuttle ASA's own PB Ratio has ranged from 0.11 to 5.64 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 1.25, Norwegian Air Shuttle ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Air Shuttle ASA's current PB Ratio of 1.81 is 44.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current PB Ratio is 1.81, which is 19% below median its own 10-year median of 2.23. 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 Fairly Valued. The stock's GF Value™ is kr16.07, compared to a current price of kr15.66 — trading 2.6% below its estimated fair value. The current PB Ratio is 1.81, which is 19% below median its 10-year median of 2.23 and 44.8% above the Transportation industry median of 1.25. Norwegian Air Shuttle ASA's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current PB Ratio is 1.81 as of Jun. 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 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 kr15.66 is trading 2.6% below its estimated GF Value™ of kr16.07.
GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.
Key valuation signals for OSL:NAS:
PB Ratio: 1.81 (19% below median its 10-year median of 2.23)
GF Value™: kr16.07 vs. price of kr15.66 (2.6% below fair value)
Industry Position: 44.8% above the Transportation median (#640 of 963)
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.
69GF Score
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