Norwegian Air Shuttle ASA banner
N

Norwegian Air Shuttle ASA
OSE:NAS

Watchlist Manager
Norwegian Air Shuttle ASA
OSE:NAS
Watchlist
Price: 13.35 NOK -0.93% Market Closed
Market Cap: kr14.1B

EV/S

0.4
Current
15%
Cheaper
vs 3-y average of 0.5

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
kr18.7B
/
Revenue
kr37.6B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
kr18.7B
/
Revenue
kr37.6B

Valuation Scenarios

Norwegian Air Shuttle ASA is trading below its 3-year average

If EV/S returns to its 3-Year Average (0.5), the stock would be worth kr15.77 (18% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+324%
Average Upside
97%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.4 kr13.35
0%
3-Year Average 0.5 kr15.77
+18%
5-Year Average 0.5 kr16.63
+25%
Industry Average 0.5 kr16.02
+20%
Country Average 1.7 kr56.57
+324%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
kr18.7B
/
Jan 2026
kr37.6B
=
0.4
Current
kr18.7B
/
Dec 2026
kr40.7B
=
0.5
Forward
kr18.7B
/
Dec 2027
kr42.6B
=
0.4
Forward
kr18.7B
/
Dec 2028
kr45.1B
=
0.4
Forward
kr18.7B
/
Dec 2029
kr48.9B
=
0.4
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 72% of companies in Norway
Percentile
28th
Based on 658 companies
28th percentile
0.4
Low
0 — 0.5
Typical Range
0.5 — 5.2
High
5.2 —
Distribution Statistics
Norway
Min 0
30th Percentile 0.5
Median 1.7
70th Percentile 5.2
Max 67 008.4

Norwegian Air Shuttle ASA
Glance View

Market Cap
14.1B NOK
Industry
Airlines

Norwegian Air Shuttle ASA engages in the provision of aviation, other transport, and travel-related activities. The company is headquartered in Lysaker, Akershus. The company went IPO on 2003-12-18. The firm operates scheduled services with additional charter services. Its route portfolio stretches across Europe into North Africa and the Middle East, as well as long-haul routes to the United States and Southeast Asia. The firm has around 450 routes to more than 140 destinations on sale. The firm has approximately 260 undelivered aircraft on firm order. Its fleet combines various types of aircraft, including B788, A32Oneo, B737 Max 8, B738 and B738 S&LB, among others. The company is the parent company of the Norwegian Group and operates through subsidiaries, including Norwegian Air Shuttle Sweden AB, Call Norwegian AS, Arctic Aviation Assets Ltd and Norwegian Air UK Ltd, among others.

NAS Intrinsic Value
31.61 NOK
Undervaluation 58%
Intrinsic Value
Price kr13.35
N
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett