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Norcod Valuation Multiples
Discover revenue and EBITDA valuation multiples for Norcod and similar public comparables like Livestock Improvement, UBM Holding, PGG Wrightson, Cibus and more.
Norcod Overview
About Norcod
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.
Founded
2018
HQ

Employees
90
Website
Sectors
Financials (FY)
EV
$127M
Valuation Multiples
Start free trialNorcod Financials
Norcod reported last fiscal year revenue of $48M and negative EBITDA of ($17M).
In the same fiscal year, Norcod generated $7M in gross profit, ($17M) in EBITDA losses, and had net loss of ($25M).
Norcod P&L
In the most recent fiscal year, Norcod reported revenue of $48M and EBITDA of ($17M).
Norcod is unprofitable as of last fiscal year, with gross margin of 15%, EBITDA margin of (36%), and net margin of (51%).
Financial data powered by Morningstar, Inc.
Norcod Stock Performance
Norcod has current market cap of $97M, and enterprise value of $127M.
Market Cap Evolution
Norcod's stock price is $1.23.
Norcod share price increased by 11.0% in the last 30 days, and decreased by 21.7% in the last year.
Norcod has an EPS (earnings per share) of $-0.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $127M | $97M | 0.7% | 11.0% | -0.8% | -21.7% | $-0.31 |
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Start Free TrialNorcod Valuation Multiples
Norcod trades at 2.7x EV/Revenue multiple, and (7.3x) EV/EBITDA.
Norcod Financial Valuation Multiples
As of May 20, 2026, Norcod has market cap of $97M and EV of $127M.
Norcod has a P/E ratio of (3.9x).
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Norcod Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Norcod Margins & Growth Rates
In the most recent fiscal year, Norcod reported gross margin of 15%, EBITDA margin of (36%), and net margin of (51%).
Norcod Margins
Norcod Growth Rates
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Norcod Operational KPIs
Norcod's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Data powered by FactSet, Inc. and Morningstar, Inc.
Norcod Competitors
Norcod competitors include Livestock Improvement, UBM Holding, PGG Wrightson, Cibus, Groupe Minoteries, ImmuCell, Amoeba, Vittia, New Zealand Rural Land and Delta Giri Wacana.
Most Norcod public comparables operate across Agriculture.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 0.5x | — | 3.5x | — | |||
| — | — | — | — | |||
| 0.5x | — | 8.0x | — | |||
| 27.8x | 19.3x | (1.2x) | (1.4x) | |||
| 0.6x | — | 7.0x | — | |||
| 3.5x | — | 45.8x | — | |||
| 270.4x | 46.5x | (15.3x) | (16.4x) | |||
| 0.9x | — | 5.7x | — | |||
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Start Free TrialAbout Norcod
| When was Norcod founded? | Norcod was founded in 2018. |
| Where is Norcod headquartered? | Norcod is headquartered in Norway. |
| How many employees does Norcod have? | As of today, Norcod has over 90 employees. |
| Is Norcod publicly listed? | Yes, Norcod is a public company listed on Oslo Børs. |
| What is the stock symbol of Norcod? | Norcod trades under NCOD ticker. |
| When did Norcod go public? | Norcod went public in 2020. |
| Who are competitors of Norcod? | Norcod main competitors include Livestock Improvement, UBM Holding, PGG Wrightson, Cibus, Groupe Minoteries, ImmuCell, Amoeba, Vittia, New Zealand Rural Land, Delta Giri Wacana. |
| What is the current market cap of Norcod? | Norcod's current market cap is $97M. |
| What is the current revenue of Norcod? | Norcod's last fiscal year revenue is $48M. |
| What is the current EV/Revenue multiple of Norcod? | Current revenue multiple of Norcod is 2.7x. |
| Is Norcod profitable? | No, Norcod is not profitable. |
| How many companies Norcod has acquired to date? | Norcod hasn't acquired any companies yet (or none have been disclosed publicly). |
| In how many companies Norcod has invested to date? | Norcod hasn't invested in any companies yet (or none have been disclosed publicly). |
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