Norske Skog ASAFRA:0BQ +0.25%73 ROA % is 9.54% as of Mar. 2026, which is 256% above its 10-year median of 2.68. GuruFocus rates FRA:0BQ with a GF Score™ of 73/100 and a GF Value™ of €3.03 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 288 Forest Products companies, Norske Skog ASA ranks better than 64.93% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Norske Skog ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was €120.0 Mil.
Norske Skog ASA's average Total Assets over the quarter that ended in Mar. 2026 was €1,258.1 Mil. Therefore, Norske Skog ASA's annualized ROA % for the quarter that ended in Mar. 2026 was 9.54%.
The historical rank and industry rank for Norske Skog ASA's ROA % or its related term are showing as below:
FRA:0BQ'
s ROA % Range Over the Past 10 Years
Min: -38.7 Med: 2.68 Max: 22.63
Current: 2.37
During the past 13 years, Norske Skog ASA's highest ROA % was 22.63%. The lowest was -38.70%. And the median was 2.68%.
FRA:0BQ's ROA % is ranked better than 64.93% of 288
companies
in the Forest Products industry
Industry Median: 0.95
vs FRA:0BQ: 2.37
Norske Skog ASA (FRA:0BQ) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Norske Skog ASA ROA % Related Terms
Norske Skog ASA ROA % Historical Data
* Premium members only.
The historical data trend for Norske Skog ASA's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Norske Skog ASA's ROA % distribution charts can be found below:
* The bar in red indicates where Norske Skog ASA's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Norske Skog ASA (FRA:0BQ) has a ROA % of 9.54% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Norske Skog ASA and its competitors. This is 256% above median its historical median of 2.68. According to the industry distribution chart, Norske Skog ASA ranks #101 out of 288 companies in the Forest Products industry, placing it in the top 35.1%.
Is Norske Skog ASA's ROA % too high?
Norske Skog ASA's current ROA % of 9.54% is 256% above median its 10-year median of 2.68. The Forest Products industry median ROA % is 0.95. Norske Skog ASA's value of 9.54% is 904.2% above this industry median. Based on the distribution chart, Norske Skog ASA ranks #101 out of 288 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 ROA % compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #101 out of 288 companies for ROA %. This puts Norske Skog ASA in the upper half of its industry. The industry median ROA % is 0.95. Norske Skog ASA's value of 9.54% is 904.2% above this benchmark. While the company's 10-year median is 2.68 vs. the industry median of 0.95, Norske Skog ASA 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 ROA % for a Forest Products company?
The median ROA % among Forest Products companies is 0.95, based on 288 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norske Skog ASA's current ROA % of 9.54% is 904.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Norske Skog ASA and its competitors. For the Forest Products industry, the median ROA % is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current ROA % is 9.54%, which is 256% above median its own 10-year median of 2.68. 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 (FRA:0BQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.03, compared to a current price of €3.95 — trading 30.2% above its estimated fair value. The current ROA % is 9.54%, which is 256% above median its 10-year median of 2.68 and 904.2% above the Forest Products industry median of 0.95. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Norske Skog ASA (FRA:0BQ), the current ROA % is 9.54% as of Mar. 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 (FRA:0BQ) Overvalued in 2026?
Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued.
The current stock price of €3.95 is trading 30.2% above its estimated GF Value™ of €3.03.
GuruFocus considers Norske Skog ASA to be Modestly Overvalued.
Key valuation signals for FRA:0BQ:
ROA %: 9.54% (256% above median its 10-year median of 2.68)
GF Value™: €3.03 vs. price of €3.95 (30.2% above fair value)
Industry Position: 904.2% above the Forest Products median (#101 of 288)
No single metric tells the full story. See the FRA:0BQ 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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