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Norcod ASOSL:NCOD +1.46%54 PB Ratio is 3.87 as of Jul. 15, 2026, which is 3% below its 10-year median of 4.00. GuruFocus rates OSL:NCOD with a GF Score™ of 54/100 and a GF Value™ of kr6.54 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,899 Consumer Packaged Goods companies, Norcod AS ranks worse than 86.26% on this metric.
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. As of today (2026-07-15), Norcod AS's share price is kr10.45. Norcod AS's Book Value per Share for the quarter that ended in Mar. 2026 was kr2.70. Hence, Norcod AS's PB Ratio of today is 3.87.
The historical rank and industry rank for Norcod AS's PB Ratio or its related term are showing as below:
OSL:NCOD'
s PB Ratio Range Over the Past 10 Years
Min: 1.26 Med: 4 Max: 8.27
Current: 3.88
During the past 8 years, Norcod AS's highest PB Ratio was 8.27. The lowest was 1.26. And the median was 4.00.
OSL:NCOD's PB Ratio is ranked worse than 86.26% of 1899
companies
in the Consumer Packaged Goods industry
Industry Median: 1.35
vs OSL:NCOD: 3.88
During the past 12 months, Norcod AS's average Book Value Per Share Growth Rate was -40.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -27.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -33.40% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Norcod AS was 1942.30% per year. The lowest was -40.80% per year. And the median was -27.50% per year.
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.
Norcod AS PB Ratio Related Terms
Norcod AS PB Ratio Historical Data
* Premium members only.
The historical data trend for Norcod AS's PB Ratio can be seen below:
* 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 Farm Products subindustry, Norcod AS'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.
Norcod AS PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Norcod AS'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.
Norcod AS's PB Ratio for today is calculated as follows:
* 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.
Norcod AS (OSL:NCOD) has a PB Ratio of 3.87 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Norcod AS and its competitors. This is near median its historical median of 4.00. Over the past decade, Norcod AS's PB Ratio has ranged from 1.26 to 8.27. According to the industry distribution chart, Norcod AS ranks #1638 out of 1899 companies in the Consumer Packaged Goods industry, placing it in the top 86.3%.
Is Norcod AS's PB Ratio too high?
Norcod AS's current PB Ratio of 3.87 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 8.27. The Consumer Packaged Goods industry median PB Ratio is 1.35. Norcod AS's value of 3.87 is 186.7% above this industry median. Based on the distribution chart, Norcod AS ranks #1638 out of 1899 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Norcod AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #1638 out of 1899 companies for PB Ratio. This places Norcod AS in the lower half of its industry. The industry median PB Ratio is 1.35. Norcod AS's value of 3.87 is 186.7% above this benchmark. Historically, Norcod AS's own PB Ratio has ranged from 1.26 to 8.27 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 1.35, Norcod AS 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 Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.35, based on 1,899 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. Norcod AS's current PB Ratio of 3.87 is 186.7% 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 Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current PB Ratio is 3.87, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norcod AS stock overvalued right now?
Based on GuruFocus' analysis, Norcod AS (OSL:NCOD) is currently considered Significantly Overvalued. The stock's GF Value™ is kr6.54, compared to a current price of kr10.45 — trading 59.8% above its estimated fair value. The current PB Ratio is 3.87, which is near median its 10-year median of 4.00 and 186.7% above the Consumer Packaged Goods industry median of 1.35. Norcod AS's overall GF Score™ is 54/100 with 7 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 Norcod AS (OSL:NCOD), the current PB Ratio is 3.87 as of Jul. 15, 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 Norcod AS (OSL:NCOD) Overvalued in 2026?
Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued.
The current stock price of kr10.45 is trading 59.8% above its estimated GF Value™ of kr6.54.
GuruFocus considers Norcod AS to be Significantly Overvalued.
Key valuation signals for OSL:NCOD:
PB Ratio: 3.87 (near median its 10-year median of 4.00)
GF Value™: kr6.54 vs. price of kr10.45 (59.8% above fair value)
Industry Position: 186.7% above the Consumer Packaged Goods median (#1638 of 1899)
No single metric tells the full story. See the OSL:NCOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
54GF Score
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