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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Norwegian Block Exchange AS's annualizedNet Income for the quarter that ended in Dec. 2025 was kr-13.66 Mil.
Norwegian Block Exchange AS's average Total Assets over the quarter that ended in Dec. 2025 was kr168.14 Mil. Therefore, Norwegian Block Exchange AS's annualized ROA % for the quarter that ended in Dec. 2025 was -8.12%.
The historical rank and industry rank for Norwegian Block Exchange AS's ROA % or its related term are showing as below:
OSL:NBX'
s ROA % Range Over the Past 10 Years
Min: -48.54 Med: -20.71 Max: -8.96
Current: -9
During the past 8 years, Norwegian Block Exchange AS's highest ROA % was -8.96%. The lowest was -48.54%. And the median was -20.71%.
OSL:NBX's ROA % is ranked worse than 83.95% of 816
companies
in the Capital Markets industry
Industry Median: 1.54
vs OSL:NBX: -9.00
Norwegian Block Exchange AS (OSL:NBX) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
* 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 Capital Markets subindustry, Norwegian Block Exchange AS'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.
Norwegian Block Exchange AS ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Norwegian Block Exchange AS's ROA % distribution charts can be found below:
* The bar in red indicates where Norwegian Block Exchange AS'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Norwegian Block Exchange AS (OSL:NBX) has a ROA % of -8.12% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Norwegian Block Exchange AS and its competitors. According to the industry distribution chart, Norwegian Block Exchange AS ranks #685 out of 816 companies in the Capital Markets industry, placing it in the top 83.9%.
Is Norwegian Block Exchange AS's ROA % too high?
Norwegian Block Exchange AS's current ROA % is -8.12%. Based on the distribution chart, Norwegian Block Exchange AS ranks #685 out of 816 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Norwegian Block Exchange AS has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Block Exchange AS's ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, Norwegian Block Exchange AS ranks #685 out of 816 companies for ROA %. This places Norwegian Block Exchange AS in the lower half of its industry. The industry median ROA % is 1.54. 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 Capital Markets company?
The median ROA % among Capital Markets companies is 1.54, based on 816 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. 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 Norwegian Block Exchange AS and its competitors. For the Capital Markets industry, the median ROA % is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Block Exchange AS's current ROA % is -8.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Block Exchange AS stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Block Exchange AS (OSL:NBX) is currently considered Modestly Overvalued. The stock's GF Value™ is kr0.47, compared to a current price of kr0.54 — trading 14.9% above its estimated fair value. The current ROA % is -8.12%. Norwegian Block Exchange AS's overall GF Score™ is 51/100 with 4 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 Norwegian Block Exchange AS (OSL:NBX), the current ROA % is -8.12% as of Dec. 2025. 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 Block Exchange AS (OSL:NBX) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Block Exchange AS stock appears to be overvalued.
The current stock price of kr0.54 is trading 14.9% above its estimated GF Value™ of kr0.47.
GuruFocus considers Norwegian Block Exchange AS to be Modestly Overvalued.
Key valuation signals for OSL:NBX:
ROA %: -8.12%
GF Value™: kr0.47 vs. price of kr0.54 (14.9% above fair value)
No single metric tells the full story. See the OSL:NBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norwegian Block Exchange AS is a financial services company that specializes in developing digital asset-based products. It is a cryptocurrency exchange serving the Nordic market, offering secure trading of digital assets, tokenization, custody solutions, and blockchain technology services for retail and institutional clients. NBX provides a compliant trading environment with robust security measures and transparent operations. The company has also issued a credit card with BTC cashback.
51GF Score
Get the complete analysis for OSL:NBX
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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