NLLSY (NEL ASA) Shiller PE Ratio: (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

NLLSY NEL ASA NLLSY
75 GF Score
Price $6.50
GF Value $6.60
Valuation Fairly Valued
! 4 Warning Signs
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What is NEL ASA Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NEL ASA  (OTCPK:NLLSY) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


NEL ASA Shiller PE Ratio Related Terms


NEL ASA Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for NEL ASA's Shiller PE Ratio 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.

NEL ASA Shiller PE Ratio Chart

NEL ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NEL ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 0.00 0.00 0.00 0.00 0.00

NLLSY vs GEV, ETN, PH: Shiller PE Ratio Comparison

For the Specialty Industrial Machinery subindustry, NEL ASA's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


NEL ASA Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NEL ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where NEL ASA's Shiller PE Ratio falls into.


NLLSY
75GF Score
NEL ASA NLLSY
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NEL ASA Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

NEL ASA's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, NEL ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.3261/141.5800*141.5800
=-0.326

Current CPI (Jun. 2026) = 141.5800.

NEL ASA Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 -0.063 104.200 -0.086
201612 -0.107 104.400 -0.145
201703 -0.074 105.000 -0.100
201706 -0.126 105.800 -0.169
201709 -0.136 105.900 -0.181
201712 0.083 106.100 0.111
201803 -0.114 107.300 -0.151
201806 -0.146 108.500 -0.190
201809 -0.222 109.500 -0.287
201812 -0.174 109.800 -0.224
201903 -0.154 110.400 -0.197
201906 -0.265 110.600 -0.339
201909 -0.090 111.100 -0.114
201912 -0.248 111.300 -0.316
202003 -0.008 111.200 -0.010
202006 1.317 112.100 1.663
202009 -1.550 112.900 -1.944
202012 3.060 112.900 3.837
202103 -1.428 114.600 -1.765
202106 -0.767 115.300 -0.942
202109 -1.190 117.500 -1.434
202112 -0.634 118.900 -0.755
202203 0.193 119.800 0.228
202206 -0.561 122.600 -0.648
202209 -0.499 125.600 -0.563
202212 -1.356 125.900 -1.525
202303 -0.353 127.600 -0.392
202306 -0.574 130.400 -0.623
202309 -0.387 129.800 -0.422
202312 -0.156 131.900 -0.168
202403 -0.038 132.600 -0.040
202406 -0.313 133.800 -0.331
202409 -0.193 133.700 -0.204
202412 -0.104 134.800 -0.109
202503 -0.285 136.100 -0.296
202506 -0.207 137.800 -0.213
202509 -0.137 138.500 -0.140
202512 -1.408 139.100 -1.433
202603 -0.241 141.030 -0.242
202606 -0.326 141.580 -0.326

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is NEL ASA (NLLSY) Overvalued in 2026?

Based on GuruFocus' analysis, NEL ASA stock appears to be undervalued. The current stock price of $6.50 is trading 1.5% below its estimated GF Value™ of $6.60. GuruFocus considers NEL ASA to be Fairly Valued.

Key valuation signals for NLLSY:

  • Shiller PE Ratio:
  • GF Value™: $6.60 vs. price of $6.50 (1.5% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


NEL ASA Business Description

Address Karenslyst alle 49, Oslo, NOR, N-0279
NEL ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser. Nel Alkaline Electrolyser is a supplier of hydrogen production equipment based on alkaline water electrolysis technology.
75GF Score

Get the complete analysis for NLLSY

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

$6.50
Price
$6.60
GF Value