Norske Skog ASAFRA:0BQ +0.25%73 ROE % is 23.48% as of Mar. 2026, which is 209% above its 10-year median of 7.59. 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 280 Forest Products companies, Norske Skog ASA ranks better than 71.43% on this metric.
The historical rank and industry rank for Norske Skog ASA's ROE % or its related term are showing as below:
FRA:0BQ'
s ROE % Range Over the Past 10 Years
Min: -43.26 Med: 7.59 Max: 324.81
Current: 5.79
During the past 13 years, Norske Skog ASA's highest ROE % was 324.81%. The lowest was -43.26%. And the median was 7.59%.
FRA:0BQ's ROE % is ranked better than 71.43% of 280
companies
in the Forest Products industry
Industry Median: 2.07
vs FRA:0BQ: 5.79
Norske Skog ASA (FRA:0BQ) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Norske Skog ASA ROE % Related Terms
Norske Skog ASA ROE % Historical Data
* Premium members only.
The historical data trend for Norske Skog ASA's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Norske Skog ASA's ROE % distribution charts can be found below:
* The bar in red indicates where Norske Skog ASA's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Norske Skog ASA (FRA:0BQ) has a ROE % of 23.48% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Norske Skog ASA and its competitors. This is 209% above median its historical median of 7.59. According to the industry distribution chart, Norske Skog ASA ranks #80 out of 280 companies in the Forest Products industry, placing it in the top 28.6%.
Is Norske Skog ASA's ROE % too high?
Norske Skog ASA's current ROE % of 23.48% is 209% above median its 10-year median of 7.59. The Forest Products industry median ROE % is 2.07. Norske Skog ASA's value of 23.48% is 1034.3% above this industry median. Based on the distribution chart, Norske Skog ASA ranks #80 out of 280 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 ROE % compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #80 out of 280 companies for ROE %. This puts Norske Skog ASA in the upper half of its industry. The industry median ROE % is 2.07. Norske Skog ASA's value of 23.48% is 1034.3% above this benchmark. While the company's 10-year median is 7.59 vs. the industry median of 2.07, 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 ROE % for a Forest Products company?
The median ROE % among Forest Products companies is 2.07, based on 280 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norske Skog ASA's current ROE % of 23.48% is 1034.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Norske Skog ASA and its competitors. For the Forest Products industry, the median ROE % is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current ROE % is 23.48%, which is 209% above median its own 10-year median of 7.59. 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 ROE % is 23.48%, which is 209% above median its 10-year median of 7.59 and 1034.3% above the Forest Products industry median of 2.07. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Norske Skog ASA (FRA:0BQ), the current ROE % is 23.48% 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:
ROE %: 23.48% (209% above median its 10-year median of 7.59)
GF Value™: €3.03 vs. price of €3.95 (30.2% above fair value)
Industry Position: 1034.3% above the Forest Products median (#80 of 280)
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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