Norske Skog ASAOSL:NSKOG -1.30%73 PB Ratio is 0.60 as of Jul. 08, 2026, which is 2% below its 10-year median of 0.61. GuruFocus rates OSL:NSKOG with a GF Score™ of 73/100 and a GF Value™ of kr33.47 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 272 Forest Products companies, Norske Skog ASA ranks better than 63.6% 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 (2026-07-08), Norske Skog ASA's share price is kr41.65. Norske Skog ASA's Book Value per Share for the quarter that ended in Mar. 2026 was kr69.85. Hence, Norske Skog ASA's PB Ratio of today is 0.60.
Warning Sign:
Norske Skog ASA stock PB Ratio (=0.61) is close to 2-year high of 0.67.
The historical rank and industry rank for Norske Skog ASA's PB Ratio or its related term are showing as below:
OSL:NSKOG'
s PB Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.61 Max: 1.62
Current: 0.59
During the past 13 years, Norske Skog ASA's highest PB Ratio was 1.62. The lowest was 0.21. And the median was 0.61.
OSL:NSKOG's PB Ratio is ranked better than 63.6% of 272
companies
in the Forest Products industry
Industry Median: 0.8
vs OSL:NSKOG: 0.59
During the past 12 months, Norske Skog ASA's average Book Value Per Share Growth Rate was 5.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Norske Skog ASA was 365.50% per year. The lowest was -61.20% per year. And the median was -13.40% 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.
Norske Skog ASA PB Ratio Related Terms
Norske Skog ASA PB Ratio Historical Data
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The historical data trend for Norske Skog 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.
For the Paper & Paper Products subindustry, Norske Skog 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.
Norske Skog ASA PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Norske Skog ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Norske Skog 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.
Norske Skog ASA'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.
Norske Skog ASA (OSL:NSKOG) has a PB Ratio of 0.60 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Norske Skog ASA and its competitors. This is near median its historical median of 0.61. Over the past decade, Norske Skog ASA's PB Ratio has ranged from 0.21 to 1.62. According to the industry distribution chart, Norske Skog ASA ranks #99 out of 272 companies in the Forest Products industry, placing it in the top 36.4%.
Is Norske Skog ASA's PB Ratio too high?
Norske Skog ASA's current PB Ratio of 0.60 is near median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.62. The Forest Products industry median PB Ratio is 0.80. Norske Skog ASA's value of 0.60 is 25% below this industry median. Based on the distribution chart, Norske Skog ASA ranks #99 out of 272 companies in the Forest Products industry, which is above the industry midpoint. Overall, Norske Skog ASA has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #99 out of 272 companies for PB Ratio. This puts Norske Skog ASA in the upper half of its industry. The industry median PB Ratio is 0.80. Norske Skog ASA's value of 0.60 is 25% below this benchmark. Historically, Norske Skog ASA's own PB Ratio has ranged from 0.21 to 1.62 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.80, Norske Skog ASA has consistently been below 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.80, based on 272 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. Norske Skog ASA's current PB Ratio of 0.60 is 25% below 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 Norske Skog ASA and its competitors. For the Forest Products industry, the median PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current PB Ratio is 0.60, which is near median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norske Skog ASA stock overvalued right now?
Based on GuruFocus' analysis, Norske Skog ASA (OSL:NSKOG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.47, compared to a current price of kr41.65 — trading 24.4% above its estimated fair value. The current PB Ratio is 0.60, which is near median its 10-year median of 0.61 and 25% below the Forest Products industry median of 0.80. Norske Skog ASA's overall GF Score™ is 73/100 with 12 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 Norske Skog ASA (OSL:NSKOG), the current PB Ratio is 0.60 as of Jul. 08, 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 Norske Skog ASA (OSL:NSKOG) Overvalued in 2026?
Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued.
The current stock price of kr41.65 is trading 24.4% above its estimated GF Value™ of kr33.47.
GuruFocus considers Norske Skog ASA to be Modestly Overvalued.
Key valuation signals for OSL:NSKOG:
PB Ratio: 0.60 (near median its 10-year median of 0.61)
GF Value™: kr33.47 vs. price of kr41.65 (24.4% above fair value)
Industry Position: 25% below the Forest Products median (#99 of 272)
No single metric tells the full story. See the OSL:NSKOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norske Skog ASA is a European company focused on the production of publication and packaging paper. The publication paper includes the production and sale of newsprint and magazine paper under the NOR brands. Packaging paper includes the production and sale of recycled containerboard under the Strato brand. Its product portfolio includes publication paper, recycled packaging paper, energy, and bioproducts. The company's core bioproducts are the nanocellulose product CEBINA and the bio-composite product CEBICO. Its reportable segments are Publication paper, Packaging paper, and Other activities. The majority of revenue is derived from the Publication paper segment. Geographically, the company generates the maximum revenue from Europe.
73GF Score
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