Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Norsk Hydro ASA's average basic shares outstanding for the quarter that ended in Mar. 2026 was 1,965 Mil.
Norsk Hydro ASA (LTS:0Q11) Shares Outstanding (Basic Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Norsk Hydro ASA Shares Outstanding (Basic Average) Related Terms
Norsk Hydro ASA Shares Outstanding (Basic Average) Historical Data
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The historical data trend for Norsk Hydro ASA's Shares Outstanding (Basic Average) 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.
Norsk Hydro ASA Shares Outstanding (Basic Average) Chart
Norsk Hydro ASA Shares Outstanding (Basic Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 1,965 Mil mean?
Norsk Hydro ASA (LTS:0Q11) has a Shares Outstanding (Basic Average) of 1,965 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Norsk Hydro ASA and its competitors.
Is Norsk Hydro ASA's Shares Outstanding (Basic Average) too high?
Norsk Hydro ASA's current Shares Outstanding (Basic Average) is 1,965 Mil. Overall, Norsk Hydro ASA has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's Shares Outstanding (Basic Average) compare to AA and CENX?
Norsk Hydro ASA's Shares Outstanding (Basic Average) of 1,965 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Metals & Mining company?
A good Shares Outstanding (Basic Average) depends on the Metals & Mining industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Norsk Hydro ASA and its competitors. Norsk Hydro ASA's current Shares Outstanding (Basic Average) is 1,965 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Hydro ASA stock overvalued right now?
Based on GuruFocus' analysis, Norsk Hydro ASA (LTS:0Q11) is currently considered Significantly Overvalued. The stock's GF Value™ is kr68.22, compared to a current price of kr90.92 — trading 33.3% above its estimated fair value. The current Shares Outstanding (Basic Average) is 1,965 Mil. Norsk Hydro ASA's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Norsk Hydro ASA (LTS:0Q11), the current Shares Outstanding (Basic Average) is 1,965 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 Norsk Hydro ASA (LTS:0Q11) Overvalued in 2026?
Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued.
The current stock price of kr90.92 is trading 33.3% above its estimated GF Value™ of kr68.22.
GuruFocus considers Norsk Hydro ASA to be Significantly Overvalued.
Key valuation signals for LTS:0Q11:
Shares Outstanding (Basic Average): 1,965 Mil
GF Value™: kr68.22 vs. price of kr90.92 (33.3% above fair value)
No single metric tells the full story. See the LTS:0Q11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants.
83GF Score
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