Norwegian Air Shuttle ASA (OSL:NAS) GF Value Rank: 10 (As of Jul. 15, 2026) — 150% Above Median

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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:NAS Norwegian Air Shuttle ASA OSL:NAS
71 GF Score
Price kr13.10
GF Value kr15.74
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA GF Value Rank?

Norwegian Air Shuttle ASA OSL:NAS -2.38% 71 GF Value Rank is 10 as of Jul. 15, 2026, which is 150% above its 10-year median of 4.00. GuruFocus rates OSL:NAS with a GF Score™ of 71/100 and a GF Value™ of kr15.74 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Norwegian Air Shuttle ASA has the GF Value Rank of 10.

GF Value Rank evaluates the exclusive GuruFocus valuation and performance of a stock, rated on a scale from 1 to 10. It is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

A higher score indicates a stock with a relatively low valuation and substantial potential for outperformance. Conversely, a lower score often reflects stocks that are either highly overvalued or deeply undervalued, both of which tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Norwegian Air Shuttle ASA GF Value Rank Related Terms

OSL:NAS vs DAL, UAL, LUV: GF Value Rank Comparison

For the Airlines subindustry, Norwegian Air Shuttle ASA's GF Value Rank, along with its competitors' market caps and GF Value Rank 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.

Norwegian Air Shuttle ASA GF Value Rank vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's GF Value Rank falls into.


OSL:NAS
71GF Score
Norwegian Air Shuttle ASA OSL:NAS
GF Value Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about GF Value Rank →
What does a GF Value Rank of 10 mean?
Norwegian Air Shuttle ASA (OSL:NAS) has a GF Value Rank of 10 as of Jul. 15, 2026. GF Value Rank is given based on historical multiples along with past returns, growth and future estimates of the business' performance. View historical data on Norwegian Air Shuttle ASA and its competitors. This is 150% above median its historical median of 4.00. Over the past decade, Norwegian Air Shuttle ASA's GF Value Rank has ranged from 1.00 to 10.00.
Is Norwegian Air Shuttle ASA's GF Value Rank too high?
Norwegian Air Shuttle ASA's current GF Value Rank of 10 is 150% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 10.00. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's GF Value Rank compare to DAL and UAL?
Norwegian Air Shuttle ASA's GF Value Rank of 10 can be compared against companies in the Transportation industry. Historically, Norwegian Air Shuttle ASA's own GF Value Rank has ranged from 1.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good GF Value Rank for a Transportation company?
A good GF Value Rank depends on the Transportation industry context. However, GF Value Rank should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high GF Value Rank mean?
A high GF Value Rank can signal that a stock is expensive relative to its fundamentals. GF Value Rank is given based on historical multiples along with past returns, growth and future estimates of the business' performance. View historical data on Norwegian Air Shuttle ASA and its competitors. Norwegian Air Shuttle ASA's current GF Value Rank is 10, which is 150% above 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 Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr15.74, compared to a current price of kr13.10 — trading 16.8% below its estimated fair value. The current GF Value Rank is 10, which is 150% above median its 10-year median of 4.00. Norwegian Air Shuttle ASA's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is GF Value Rank calculated?
GF Value Rank is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current GF Value Rank is 10 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 Norwegian Air Shuttle ASA (OSL:NAS) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued. The current stock price of kr13.10 is trading 16.8% below its estimated GF Value™ of kr15.74. GuruFocus considers Norwegian Air Shuttle ASA to be Modestly Undervalued.

Key valuation signals for OSL:NAS:

  • GF Value Rank: 10 (150% above median its 10-year median of 4.00)
  • GF Value™: kr15.74 vs. price of kr13.10 (16.8% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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

Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
71GF Score

Get the complete analysis for OSL:NAS

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

kr13.10
Price
kr15.74
GF Value