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Norse Atlantic Airways Valuation Multiples
Discover revenue and EBITDA valuation multiples for Norse Atlantic Airways and similar public comparables like Air T, KLM Airlines, Alliance Aviation, Surf Air and more.
Norse Atlantic Airways Overview
About Norse Atlantic Airways
Norse Atlantic ASA is a new airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly. Geographically, the company operates in Norway. United Kingdom, The USA, Rest of Europe and Other. It derives maximum revenue from Airfare passenger, followed by Ancillary passenger.
Founded
2021
HQ
Employees
1.1K
Website
Sectors
Financials (LTM)
EV
$853M
Norse Atlantic Airways Financials
Norse Atlantic Airways reported last 12-month revenue of $711M and EBITDA of $87M.
In the same LTM period, Norse Atlantic Airways generated $87M in EBITDA and had net loss of ($29M).
Revenue (LTM)
Norse Atlantic Airways P&L
In the most recent fiscal year, Norse Atlantic Airways reported revenue of $734M and EBITDA of $64M.
Norse Atlantic Airways expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $711M | XXX | $734M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $66M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 9% | XXX | XXX | XXX |
| EBITDA | $87M | XXX | $64M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 1% | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | ($29M) | XXX | ($52M) | XXX | XXX | XXX |
| Net Margin | (4%) | XXX | (7%) | XXX | XXX | XXX |
| Net Debt | — | — | $39M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Norse Atlantic Airways Stock Performance
Norse Atlantic Airways has current market cap of $35M, and enterprise value of $853M.
Market Cap Evolution
Norse Atlantic Airways' stock price is $0.21.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $853M | $35M | -0.1% | XXX | XXX | XXX | $-0.32 |
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Start Free TrialNorse Atlantic Airways Valuation Multiples
Norse Atlantic Airways trades at 1.2x EV/Revenue multiple, and 9.9x EV/EBITDA.
EV / Revenue (LTM)
Norse Atlantic Airways Financial Valuation Multiples
As of April 19, 2026, Norse Atlantic Airways has market cap of $35M and EV of $853M.
Equity research analysts estimate Norse Atlantic Airways' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Norse Atlantic Airways has a P/E ratio of (1.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $35M | XXX | $35M | XXX | XXX | XXX |
| EV (current) | $853M | XXX | $853M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.9x | XXX | 13.2x | XXX | XXX | XXX |
| EV/EBIT | 92.4x | XXX | (67.2x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.0x | XXX | XXX | XXX |
| P/E | (1.2x) | XXX | (0.7x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 17.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Norse Atlantic Airways 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.
Norse Atlantic Airways Margins & Growth Rates
Norse Atlantic Airways' revenue in the last 12 month declined by (4%).
Norse Atlantic Airways' revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Norse Atlantic Airways' rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Norse Atlantic Airways' rule of X is 1% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Norse Atlantic Airways Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (4%) | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 65% | XXX | 115% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 1% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Norse Atlantic Airways Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Norse Atlantic Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Air T | XXX | XXX | XXX | XXX | XXX | XXX |
| KLM Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Alliance Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Surf Air | XXX | XXX | XXX | XXX | XXX | XXX |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Norse Atlantic Airways M&A Activity
Norse Atlantic Airways acquired XXX companies to date.
Last acquisition by Norse Atlantic Airways was on XXXXXXXX, XXXXX. Norse Atlantic Airways acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Norse Atlantic Airways
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNorse Atlantic Airways Investment Activity
Norse Atlantic Airways invested in XXX companies to date.
Norse Atlantic Airways made its latest investment on XXXXXXXX, XXXXX. Norse Atlantic Airways invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Norse Atlantic Airways
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Norse Atlantic Airways
| When was Norse Atlantic Airways founded? | Norse Atlantic Airways was founded in 2021. |
| Where is Norse Atlantic Airways headquartered? | Norse Atlantic Airways is headquartered in Norway. |
| How many employees does Norse Atlantic Airways have? | As of today, Norse Atlantic Airways has over 1K employees. |
| Is Norse Atlantic Airways publicly listed? | Yes, Norse Atlantic Airways is a public company listed on Oslo Børs. |
| What is the stock symbol of Norse Atlantic Airways? | Norse Atlantic Airways trades under NORSE ticker. |
| When did Norse Atlantic Airways go public? | Norse Atlantic Airways went public in 2021. |
| Who are competitors of Norse Atlantic Airways? | Norse Atlantic Airways main competitors are Air T, KLM Airlines, Alliance Aviation, Surf Air. |
| What is the current market cap of Norse Atlantic Airways? | Norse Atlantic Airways' current market cap is $35M. |
| What is the current revenue of Norse Atlantic Airways? | Norse Atlantic Airways' last 12 months revenue is $711M. |
| What is the current revenue growth of Norse Atlantic Airways? | Norse Atlantic Airways revenue growth (NTM/LTM) is (4%). |
| What is the current EV/Revenue multiple of Norse Atlantic Airways? | Current revenue multiple of Norse Atlantic Airways is 1.2x. |
| Is Norse Atlantic Airways profitable? | Yes, Norse Atlantic Airways is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Norse Atlantic Airways? | Norse Atlantic Airways' last 12 months EBITDA is $87M. |
| What is Norse Atlantic Airways' EBITDA margin? | Norse Atlantic Airways' last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Norse Atlantic Airways? | Current EBITDA multiple of Norse Atlantic Airways is 9.9x. |
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