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Nordic Technology Group ASOSL:NTG -0.59%28 PB Ratio is 2.25 as of Jul. 27, 2026, which is 389% above its 10-year median of 0.46. GuruFocus rates OSL:NTG with a GF Score™ of 28/100 and a GF Value™ of kr1.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,420 Hardware companies, Nordic Technology Group AS ranks worse than 51.12% on this metric.
The historical rank and industry rank for Nordic Technology Group AS's PB Ratio or its related term are showing as below:
OSL:NTG'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.46 Max: 2.98
Current: 2.25
During the past 5 years, Nordic Technology Group AS's highest PB Ratio was 2.98. The lowest was 0.26. And the median was 0.46.
OSL:NTG's PB Ratio is ranked worse than 51.12% of 2420
companies
in the Hardware industry
Industry Median: 2.19
vs OSL:NTG: 2.25
During the past 12 months, Nordic Technology Group AS's average Book Value Per Share Growth Rate was -74.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -56.40% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Nordic Technology Group AS was -35.10% per year. The lowest was -56.40% per year. And the median was -45.75% per year.
Back to Basics: PB Ratio
Nordic Technology Group AS (OSL:NTG) 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.
Nordic Technology Group AS PB Ratio Related Terms
Nordic Technology Group AS 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 Scientific & Technical Instruments subindustry, Nordic Technology Group 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.
Nordic Technology Group AS PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Nordic Technology Group AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nordic Technology Group 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.
* 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.
Nordic Technology Group AS (OSL:NTG) has a PB Ratio of 2.25 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordic Technology Group AS and its competitors. This is 389% above median its historical median of 0.46. Over the past decade, Nordic Technology Group AS's PB Ratio has ranged from 0.26 to 2.98. According to the industry distribution chart, Nordic Technology Group AS ranks #1237 out of 2420 companies in the Hardware industry, placing it in the top 51.1%.
Is Nordic Technology Group AS's PB Ratio too high?
Nordic Technology Group AS's current PB Ratio of 2.25 is 389% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.98. The Hardware industry median PB Ratio is 2.19. Nordic Technology Group AS's value of 2.25 is 2.7% above this industry median. Based on the distribution chart, Nordic Technology Group AS ranks #1237 out of 2420 companies in the Hardware industry, which is below the industry midpoint. Overall, Nordic Technology Group AS has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordic Technology Group AS's PB Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Nordic Technology Group AS ranks #1237 out of 2420 companies for PB Ratio. This places Nordic Technology Group AS in the lower half of its industry. The industry median PB Ratio is 2.19. Nordic Technology Group AS's value of 2.25 is 2.7% above this benchmark. Historically, Nordic Technology Group AS's own PB Ratio has ranged from 0.26 to 2.98 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 2.19, Nordic Technology Group 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 Hardware company?
The median PB Ratio among Hardware companies is 2.19, based on 2,420 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. Nordic Technology Group AS's current PB Ratio of 2.25 is 2.7% 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 Nordic Technology Group AS and its competitors. For the Hardware industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordic Technology Group AS's current PB Ratio is 2.25, which is 389% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Technology Group AS stock overvalued right now?
Based on GuruFocus' analysis, Nordic Technology Group AS (OSL:NTG) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.09, compared to a current price of kr1.69 — trading 55% above its estimated fair value. The current PB Ratio is 2.25, which is 389% above median its 10-year median of 0.46 and 2.7% above the Hardware industry median of 2.19. Nordic Technology Group AS's overall GF Score™ is 28/100 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 Nordic Technology Group AS (OSL:NTG), the current PB Ratio is 2.25 as of Jul. 27, 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 Nordic Technology Group AS (OSL:NTG) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic Technology Group AS stock appears to be overvalued.
The current stock price of kr1.69 is trading 55% above its estimated GF Value™ of kr1.09.
GuruFocus considers Nordic Technology Group AS to be Significantly Overvalued.
Key valuation signals for OSL:NTG:
PB Ratio: 2.25 (389% above median its 10-year median of 0.46)
GF Value™: kr1.09 vs. price of kr1.69 (55% above fair value)
Industry Position: 2.7% above the Hardware median (#1237 of 2420)
No single metric tells the full story. See the OSL:NTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic Technology Group AS was founded with the primary purpose of acquiring selected companies distinguished by patented products and solutions developed through extensive periods of concept development, product design, testing, qualification, certification, and market acceptance. It is organized into two business areas: sensor technology, and clean technology. The Group generates revenues from Norway, with additional revenues from Europe and other countries.
28GF Score
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