Norwegian Air Shuttle ASA (OSL:NAS) 3-Year RORE % : 31.35% (As of Mar. 2026)


OSL:NAS Norwegian Air Shuttle ASA OSL:NAS
73 GF Score
Price kr14.63
GF Value kr16.10
Valuation Fairly Valued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA 3-Year RORE %?

Norwegian Air Shuttle ASA OSL:NAS -1.78% 73 3-Year RORE % is 31.35 as of Mar. 2026. GuruFocus rates OSL:NAS with a GF Score™ of 73/100 and a GF Value™ of kr16.10 (Fairly Valued). The stock has 4 warning signs investors should review. Among 934 Transportation companies, Norwegian Air Shuttle ASA ranks better than 76.98% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Norwegian Air Shuttle ASA's 3-Year RORE % for the quarter that ended in Mar. 2026 was 31.35%.

The industry rank for Norwegian Air Shuttle ASA's 3-Year RORE % or its related term are showing as below:

OSL:NAS's 3-Year RORE % is ranked better than
76.98% of 934 companies
in the Transportation industry
Industry Median: 4.385 vs OSL:NAS: 31.35

Norwegian Air Shuttle ASA  (OSL:NAS) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Norwegian Air Shuttle ASA 3-Year RORE % Related Terms


Norwegian Air Shuttle ASA 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA's 3-Year RORE % 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.

Norwegian Air Shuttle ASA 3-Year RORE % Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.84 -22.77 -114.98 11.34 28.38

Norwegian Air Shuttle ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % 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 Premium Member Only 13.98 50.51 30.58 28.38 31.35

OSL:NAS vs DAL, UAL, LUV: 3-Year RORE % Comparison

For the Airlines subindustry, Norwegian Air Shuttle ASA's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's 3-Year RORE % falls into.


OSL:NAS
73GF Score
Norwegian Air Shuttle ASA OSL:NAS
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Air Shuttle ASA 3-Year RORE % Calculation

Norwegian Air Shuttle ASA's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 2.87-1.45 )/( 5.43-0.9 )
=1.42/4.53
=31.35 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 31.35 mean?
Norwegian Air Shuttle ASA (OSL:NAS) has a 3-Year RORE % of 31.35 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Norwegian Air Shuttle ASA and its competitors. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #215 out of 934 companies in the Transportation industry, placing it in the top 23%.
Is Norwegian Air Shuttle ASA's 3-Year RORE % too high?
Norwegian Air Shuttle ASA's current 3-Year RORE % is 31.35. The Transportation industry median 3-Year RORE % is 4.39. Norwegian Air Shuttle ASA's value of 31.35 is 614.9% above this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #215 out of 934 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's 3-Year RORE % compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #215 out of 934 companies for 3-Year RORE %. This places Norwegian Air Shuttle ASA in the top 23% of its industry — outperforming the majority of peers. The industry median 3-Year RORE % is 4.39. Norwegian Air Shuttle ASA's value of 31.35 is 614.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Transportation company?
The median 3-Year RORE % among Transportation companies is 4.39, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Air Shuttle ASA's current 3-Year RORE % of 31.35 is 614.9% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median 3-Year RORE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current 3-Year RORE % is 31.35. 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 Fairly Valued. The stock's GF Value™ is kr16.10, compared to a current price of kr14.63 — trading 9.1% below its estimated fair value. The current 3-Year RORE % is 31.35 and 614.9% above the Transportation industry median of 4.39. Norwegian Air Shuttle ASA's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current 3-Year RORE % is 31.35 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 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 kr14.63 is trading 9.1% below its estimated GF Value™ of kr16.10. GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.

Key valuation signals for OSL:NAS:

  • 3-Year RORE %: 31.35
  • GF Value™: kr16.10 vs. price of kr14.63 (9.1% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 614.9% above the Transportation median (#215 of 934)

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.
73GF Score

Get the complete analysis for OSL:NAS

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

kr14.63
Price
kr16.10
GF Value