Norse Atlantic ASA (OSL:NORSE) ROCE %: -9.30% (As of Mar. 2026)


OSL:NORSE Norse Atlantic ASA OSL:NORSE
29 GF Score
Price kr0.60
GF Value kr3.36
Valuation Possible Value Trap
! 3 Warning Signs
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What is Norse Atlantic ASA ROCE %?

Norse Atlantic ASA OSL:NORSE -11.23% 29 ROCE % is -9.30% as of Mar. 2026. GuruFocus rates OSL:NORSE with a GF Score™ of 29/100 and a GF Value™ of kr3.36 (Possible Value Trap). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Norse Atlantic ASA's annualized ROCE % for the quarter that ended in Mar. 2026 was -9.30%.

Norse Atlantic ASA  (OSL:NORSE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Norse Atlantic ASA ROCE % Related Terms

Norse Atlantic ASA ROCE % Historical Data

* Premium members only.

The historical data trend for Norse Atlantic ASA's ROCE % 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.

Norse Atlantic ASA ROCE % Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
-3.15 -24.13 -14.93 -12.56 -3.13

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.22 2.93 1.55 -15.66 -9.30
OSL:NORSE
29GF Score
Norse Atlantic ASA OSL:NORSE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norse Atlantic ASA ROCE % Calculation

Norse Atlantic ASA's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-214.317/( ( (11570.364 - 3589.047) + (9236.565 - 3538.668) )/ 2 )
=-214.317/( (7981.317+5697.897)/ 2 )
=-214.317/6839.607
=-3.13 %

Norse Atlantic ASA's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-501.204/( ( (9236.565 - 3538.668) + (8569.062 - 3487.257) )/ 2 )
=-501.204/( ( 5697.897 + 5081.805 )/ 2 )
=-501.204/5389.851
=-9.30 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -9.30% mean?
Norse Atlantic ASA (OSL:NORSE) has a ROCE % of -9.30% as of Mar. 2026.
Is Norse Atlantic ASA's ROCE % too high?
Norse Atlantic ASA's current ROCE % is -9.30%. Overall, Norse Atlantic ASA has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's ROCE % compare to DAL and UAL?
Norse Atlantic ASA's ROCE % of -9.30% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norse Atlantic ASA's current ROCE % is -9.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (OSL:NORSE) is currently considered Possible Value Trap. The stock's GF Value™ is kr3.36, compared to a current price of kr0.60 — trading 82.1% below its estimated fair value. The current ROCE % is -9.30%. Norse Atlantic ASA's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Norse Atlantic ASA (OSL:NORSE), the current ROCE % is -9.30% 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 Norse Atlantic ASA (OSL:NORSE) Overvalued in 2026?

Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued. The current stock price of kr0.60 is trading 82.1% below its estimated GF Value™ of kr3.36. GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.

Key valuation signals for OSL:NORSE:

  • ROCE %: -9.30%
  • GF Value™: kr3.36 vs. price of kr0.60 (82.1% below fair value)
  • GF Score™: 29/100 with 3 warning signs

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

Norse Atlantic ASA Business Description

Address Floyveien 14, Arendal, NOR, 4838
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score

Get the complete analysis for OSL:NORSE

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

kr0.60
Price
kr3.36
GF Value