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Norcod ASFRA:NO9 -5.98%54 PS Ratio is 2.57 as of Jul. 15, 2026, which is 16% below its 10-year median of 3.06. GuruFocus rates FRA:NO9 with a GF Score™ of 54/100 and a GF Value™ of €0.54 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,937 Consumer Packaged Goods companies, Norcod AS ranks worse than 81.16% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Norcod AS's share price is €0.93.
Norcod AS's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €0.36. Hence, Norcod AS's PS Ratio for today is 2.57.
Warning Sign:
Norcod AS stock PS Ratio (=2.61) is close to 1-year high of 2.67.
The historical rank and industry rank for Norcod AS's PS Ratio or its related term are showing as below:
FRA:NO9'
s PS Ratio Range Over the Past 10 Years
Min: 1.01 Med: 3.06 Max: 304.1
Current: 2.45
During the past 8 years, Norcod AS's highest PS Ratio was 304.10. The lowest was 1.01. And the median was 3.06.
FRA:NO9's PS Ratio is ranked worse than 81.16% of 1937
companies
in the Consumer Packaged Goods industry
Industry Median: 0.85
vs FRA:NO9: 2.45
Norcod AS revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Norcod AS was -56.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -5.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 64.80% per year.
During the past 8 years, Norcod AS's highest 3-Year average Revenue per Share Growth Rate was 206.40% per year. The lowest was -5.70% per year. And the median was 119.35% per year.
Back to Basics: PS Ratio
Norcod AS (FRA:NO9) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Norcod AS PS Ratio Related Terms
Norcod AS PS Ratio Historical Data
* Premium members only.
The historical data trend for Norcod AS's PS 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's PS Ratio distribution charts can be found below:
* The bar in red indicates where Norcod AS's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Norcod AS's Share Price of today is €0.93. Norcod AS's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.36.
* 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:
Norcod AS (FRA:NO9) has a PS Ratio of 2.57 as of Jul. 15, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Norcod AS and its competitors. This is 16% below median its historical median of 3.06. Over the past decade, Norcod AS's PS Ratio has ranged from 1.01 to 304.10. According to the industry distribution chart, Norcod AS ranks #1572 out of 1937 companies in the Consumer Packaged Goods industry, placing it in the top 81.2%.
Is Norcod AS's PS Ratio too high?
Norcod AS's current PS Ratio of 2.57 is 16% below median its 10-year median of 3.06. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 304.10. The Consumer Packaged Goods industry median PS Ratio is 0.85. Norcod AS's value of 2.57 is 202.4% above this industry median. Based on the distribution chart, Norcod AS ranks #1572 out of 1937 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 PS Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #1572 out of 1937 companies for PS Ratio. This places Norcod AS in the lower half of its industry. The industry median PS Ratio is 0.85. Norcod AS's value of 2.57 is 202.4% above this benchmark. Historically, Norcod AS's own PS Ratio has ranged from 1.01 to 304.10 over the past decade. While the company's 10-year median is 3.06 vs. the industry median of 0.85, 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 PS Ratio for a Consumer Packaged Goods company?
The median PS Ratio among Consumer Packaged Goods companies is 0.85, based on 1,937 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norcod AS's current PS Ratio of 2.57 is 202.4% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median PS Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current PS Ratio is 2.57, which is 16% below median its own 10-year median of 3.06. 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 (FRA:NO9) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.54, compared to a current price of €0.93 — trading 72.2% above its estimated fair value. The current PS Ratio is 2.57, which is 16% below median its 10-year median of 3.06 and 202.4% above the Consumer Packaged Goods industry median of 0.85. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Norcod AS (FRA:NO9), the current PS Ratio is 2.57 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 (FRA:NO9) Overvalued in 2026?
Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued.
The current stock price of €0.93 is trading 72.2% above its estimated GF Value™ of €0.54.
GuruFocus considers Norcod AS to be Significantly Overvalued.
Key valuation signals for FRA:NO9:
PS Ratio: 2.57 (16% below median its 10-year median of 3.06)
GF Value™: €0.54 vs. price of €0.93 (72.2% above fair value)
Industry Position: 202.4% above the Consumer Packaged Goods median (#1572 of 1937)
No single metric tells the full story. See the FRA:NO9 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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