Norcod AS (FRA:NO9) Tariff Resilience Score: 0/10 (As of Jul. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

FRA:NO9 Norcod AS FRA:NO9
54 GF Score
Price €0.91
GF Value €0.54
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Norcod AS Tariff Resilience Score?

Norcod AS has the Tariff Resilience Score of 0, which implies that the company might have .

Norcod AS has

Tariff Resilience Score is a ranking system developed by GuruFocus to measure a company's exposure to international trade tariffs, rated on a scale from 0 to 10. It takes into account key factors such as global supply chain dependencies, manufacturing locations versus sales markets, import / export balance and percentage of revenue, and more.

The company's exposure to international trade tariffs based on these criteria:

1. Global supply chain dependencies
2. Manufacturing locations versus sales markets
3. Import/export balance and percentage of revenue
4. Historical impact from previous tariff changes
5. Available mitigation strategies (alternative suppliers, pricing power)
6. Industry-specific tariff exemptions or vulnerabilities

Based on the research, GuruFocus believes Norcod AS might have .

Norcod AS  (FRA:NO9) Tariff Resilience Score Explanation

The Tariff Resilience Score ranges from 0 to 10, with 10 as the most resilient. GuruFocus divided Moat Score into following 3 categories:

Tariff Resilience Score Resilience Level
7 - 10Highly Resilient
4 - 6Average Resilient
0 - 3Highly Vulnerable

Norcod AS Tariff Resilience Score Related Terms

FRA:NO9
54GF Score
Norcod AS FRA:NO9
Tariff Resilience Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Norcod AS (FRA:NO9) Overvalued in 2026?

Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued. The current stock price of €0.91 is trading 68.9% above its estimated GF Value™ of €0.54. GuruFocus considers Norcod AS to be Significantly Overvalued.

Key valuation signals for FRA:NO9:

  • Tariff Resilience Score: 0
  • GF Value™: €0.54 vs. price of €0.91 (68.9% above fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the FRA:NO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norcod AS Business Description

Other Exchanges NCOD:Norway
Address Thomas Angells Gate 22, Trondheim, NOR, 7011
Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
54GF Score

Get the complete analysis for FRA:NO9

Tariff Resilience Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.91
Price
€0.54
GF Value