Norske Skog ASA (OSL:NSKOG) Selling, General, & Admin. Expense: kr1,070 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:NSKOG Norske Skog ASA OSL:NSKOG
72 GF Score
Price kr43.30
GF Value kr33.26
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Norske Skog ASA Selling, General, & Admin. Expense?

Norske Skog ASA OSL:NSKOG -1.81% 72 Selling, General, & Admin. Expense is kr1,070 Mil as of Mar. 2026. GuruFocus rates OSL:NSKOG with a GF Score™ of 72/100 and a GF Value™ of kr33.26 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Norske Skog ASA's selling, general, & admin. expense for the three months ended in Mar. 2026 was kr290 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was kr1,070 Mil.


Norske Skog ASA  (OSL:NSKOG) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Norske Skog ASA Selling, General, & Admin. Expense Related Terms


Norske Skog ASA Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Norske Skog ASA's Selling, General, & Admin. Expense 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.

Norske Skog ASA Selling, General, & Admin. Expense Chart

Norske Skog ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,266.00 1,342.00 959.00 1,131.00 1,161.00

Norske Skog ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense 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 257.00 242.00 260.00 278.00 290.00

OSL:NSKOG vs SLVM: Selling, General, & Admin. Expense Comparison

For the Paper & Paper Products subindustry, Norske Skog ASA's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Norske Skog ASA's Selling, General, & Admin. Expense falls into.


OSL:NSKOG
72GF Score
Norske Skog ASA OSL:NSKOG
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Norske Skog ASA Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr1,070 Mil.

* 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.

What does a Selling, General, & Admin. Expense of kr1,070 Mil mean?
Norske Skog ASA (OSL:NSKOG) has a Selling, General, & Admin. Expense of kr1,070 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Norske Skog ASA and its competitors.
Is Norske Skog ASA's Selling, General, & Admin. Expense too high?
Norske Skog ASA's current Selling, General, & Admin. Expense is kr1,070 Mil. Overall, Norske Skog ASA has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's Selling, General, & Admin. Expense compare to SLVM?
Norske Skog ASA's Selling, General, & Admin. Expense of kr1,070 Mil can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Forest Products company?
A good Selling, General, & Admin. Expense depends on the Forest Products industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Norske Skog ASA and its competitors. Norske Skog ASA's current Selling, General, & Admin. Expense is kr1,070 Mil. 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 (OSL:NSKOG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.26, compared to a current price of kr43.30 — trading 30.2% above its estimated fair value. The current Selling, General, & Admin. Expense is kr1,070 Mil. Norske Skog ASA's overall GF Score™ is 72/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Norske Skog ASA (OSL:NSKOG), the current Selling, General, & Admin. Expense is kr1,070 Mil 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 (OSL:NSKOG) Overvalued in 2026?

Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued. The current stock price of kr43.30 is trading 30.2% above its estimated GF Value™ of kr33.26. GuruFocus considers Norske Skog ASA to be Modestly Overvalued.

Key valuation signals for OSL:NSKOG:

  • Selling, General, & Admin. Expense: kr1,070 Mil
  • GF Value™: kr33.26 vs. price of kr43.30 (30.2% above fair value)
  • GF Score™: 72/100 with 9 warning signs

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


Norske Skog ASA Business Description

Other Exchanges NSKOGo:Sweden0BQ:Germany
Address Sjolyst plass 2, Oslo, NOR, 0278
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.
72GF Score

Get the complete analysis for OSL:NSKOG

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr43.30
Price
kr33.26
GF Value