Norse Atlantic ASA (OSL:NORSE) PB Ratio: (As of Jun. 24, 2026)


OSL:NORSE Norse Atlantic ASA OSL:NORSE
29 GF Score
Price kr0.63
GF Value kr3.36
Valuation Possible Value Trap
! 3 Warning Signs
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What is Norse Atlantic ASA PB Ratio?

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 (2026-06-24), Norse Atlantic ASA's share price is kr0.626. Norse Atlantic ASA's Book Value per Share for the quarter that ended in Mar. 2026 was kr-9.13. Hence, Norse Atlantic ASA's PB Ratio of today is .

The historical rank and industry rank for Norse Atlantic ASA's PB Ratio or its related term are showing as below:

During the past 5 years, Norse Atlantic ASA's highest PB Ratio was 9.58. The lowest was 0.39. And the median was 0.97.

OSL:NORSE's PB Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.25
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio


Norse Atlantic ASA  (OSL:NORSE) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Norse Atlantic ASA PB Ratio Related Terms


Norse Atlantic ASA PB Ratio Historical Data

* Premium members only.

The historical data trend for Norse Atlantic ASA'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.

Norse Atlantic ASA PB Ratio Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
0.83 3.97 0.00 0.00 0.00

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

OSL:NORSE vs DAL, UAL, LUV: PB Ratio Comparison

For the Airlines subindustry, Norse Atlantic 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.


Norse Atlantic ASA PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Norse Atlantic ASA's PB Ratio distribution charts can be found below:

* The bar in red indicates where Norse Atlantic ASA's PB Ratio falls into.


OSL:NORSE
29GF Score
Norse Atlantic ASA OSL:NORSE
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norse Atlantic ASA PB Ratio Calculation

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.

Norse Atlantic ASA's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.626/-9.13
=

* 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.

Is Norse Atlantic ASA (OSL:NORSE) Overvalued in 2026?

Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued. The current stock price of kr0.63 is trading 81.4% below its estimated GF Value™ of kr3.36. GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.

Key valuation signals for OSL:NORSE:

  • PB Ratio:
  • GF Value™: kr3.36 vs. price of kr0.63 (81.4% below fair value)
  • GF Score™: 29/100 with 3 warning signs

No single metric tells the full story. See the OSL:NORSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norse Atlantic ASA Business Description

Address Floyveien 14, Arendal, NOR, 4838
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score

Get the complete analysis for OSL:NORSE

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.63
Price
kr3.36
GF Value