As of today (2026-07-07), Norske Skog ASA's weighted average cost of capital is -0.01%%. Norske Skog ASA's ROIC % is 0.05% (calculated using TTM income statement data).
Norske Skog ASA generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
For a comprehensive WACC calculation, please access the WACC Calculator.
Norske Skog ASA (CHIX:NSKOGo) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Norske Skog ASA's weighted average cost of capital is -0.01%%. Norske Skog ASA's ROIC % is 0.05% (calculated using TTM income statement data).
Norske Skog ASA generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
Related Terms
Norske Skog ASA WACC % Historical Data
* Premium members only.
The historical data trend for Norske Skog ASA's WACC % 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.
For the Paper & Paper Products subindustry, Norske Skog ASA's WACC %, along with its competitors' market caps and WACC % 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 WACC % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Norske Skog ASA's WACC % distribution charts can be found below:
* The bar in red indicates where Norske Skog ASA's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Norske Skog ASA's market capitalization (E) is kr3580.174 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, Norske Skog ASA's latest one-year quarterly average Book Value of Debt (D) is kr5149.2 Mil.
a) weight of equity = E / (E + D) = 3580.174 / (3580.174 + 5149.2) = 0.4101
b) weight of debt = D / (E + D) = 5149.2 / (3580.174 + 5149.2) = 0.5899
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.3299%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Norske Skog ASA's beta is -1.7744.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.3299% + -1.7744 * 6% = -6.3165%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Mar. 2026, Norske Skog ASA's interest expense (positive number) was kr225 Mil. Its total Book Value of Debt (D) is kr5149.2 Mil.
Cost of Debt = 225 / 5149.2 = 4.3696%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = -192 / 149 = -128.86%, which is less than 0%. Therefore it's set to 0%.
Norske Skog ASA's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.4101
*
-6.3165%
+
0.5899
*
4.3696%
*
(1 - 0%)
=
-0.01%
* 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 (CHIX:NSKOGO) has a WACC % of -0.01% as of Jul. 07, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Norske Skog ASA and its competitors. Over the past decade, Norske Skog ASA's WACC % has ranged from 2.27 to 17.50. According to the industry distribution chart, Norske Skog ASA ranks #205 out of 291 companies in the Forest Products industry, placing it in the top 70.4%.
Is Norske Skog ASA's WACC % too high?
Norske Skog ASA's current WACC % is -0.01%. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 17.50. Based on the distribution chart, Norske Skog ASA ranks #205 out of 291 companies in the Forest Products industry, which is below the industry midpoint. Overall, Norske Skog ASA has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's WACC % compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #205 out of 291 companies for WACC %. This places Norske Skog ASA in the lower half of its industry. The industry median WACC % is 7.29. Historically, Norske Skog ASA's own WACC % has ranged from 2.27 to 17.50 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good WACC % for a Forest Products company?
The median WACC % among Forest Products companies is 7.29, based on 291 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Norske Skog ASA and its competitors. For the Forest Products industry, the median WACC % is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current WACC % is -0.01%. 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?
Norske Skog ASA (CHIX:NSKOGO) has a current WACC % of -0.01%. The stock's GF Value™ is kr25.83, compared to a current price of kr33.23 — trading 28.6% above its estimated fair value. The current WACC % is -0.01%. Norske Skog ASA's overall GF Score™ is 73/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Norske Skog ASA (CHIX:NSKOGO), the current WACC % is -0.01% as of Jul. 07, 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 (CHIX:NSKOGO) Overvalued in 2026?
Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued.
The current stock price of kr33.23 is trading 28.6% above its estimated GF Value™ of kr25.83.
Key valuation signals for CHIX:NSKOGO:
WACC %: -0.01%
GF Value™: kr25.83 vs. price of kr33.23 (28.6% above fair value)
No single metric tells the full story. See the CHIX:NSKOGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
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