Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Norse Atlantic ASA's operating assets for the quarter that ended in Mar. 2026 was $882.3 Mil. Norse Atlantic ASA's operating liabilities for the quarter that ended in Mar. 2026 was $352.3 Mil. Norse Atlantic ASA's Total Assets for the quarter that ended in Dec. 2025 was $913.9 Mil. Therefore, Norse Atlantic ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.
Norse Atlantic ASA Scaled Net Operating Assets Related Terms
Norse Atlantic ASA Scaled Net Operating Assets Historical Data
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The historical data trend for Norse Atlantic ASA's Scaled Net Operating Assets 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.
Norse Atlantic ASA Scaled Net Operating Assets Chart
NRSAF vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison
For the Airlines subindustry, Norse Atlantic ASA's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.
Norse Atlantic ASA Scaled Net Operating Assets vs Transportation Industry
For the Transportation industry and Industrials sector, Norse Atlantic ASA's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Norse Atlantic ASA's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.58 mean?
Norse Atlantic ASA (NRSAF) has a Scaled Net Operating Assets of 0.58 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Norse Atlantic ASA and its competitors.
Is Norse Atlantic ASA's Scaled Net Operating Assets too high?
Norse Atlantic ASA's current Scaled Net Operating Assets is 0.58. Overall, Norse Atlantic ASA has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's Scaled Net Operating Assets compare to DAL and UAL?
Norse Atlantic ASA's Scaled Net Operating Assets of 0.58 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Norse Atlantic ASA and its competitors. Norse Atlantic ASA's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (NRSAF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.36, compared to a current price of $0.06 — trading 83.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Norse Atlantic ASA's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Norse Atlantic ASA (NRSAF), the current Scaled Net Operating Assets is 0.58 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 Norse Atlantic ASA (NRSAF) Overvalued in 2026?
Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued.
The current stock price of $0.06 is trading 83.9% below its estimated GF Value™ of $0.36.
GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.
Key valuation signals for NRSAF:
Scaled Net Operating Assets: 0.58
GF Value™: $0.36 vs. price of $0.06 (83.9% below fair value)
No single metric tells the full story. See the NRSAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score
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