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Norske Skog Valuation Multiples
Discover revenue and EBITDA valuation multiples for Norske Skog and similar public comparables like KPP Group Holdings, Middle East Paper, CPH Group, Koskisen and more.
Norske Skog Overview
About Norske Skog
Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nanocellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe and one industrial site in Australasia.
Founded
1962
HQ

Employees
2.1K
Website
Sectors
Financials (LTM)
EV
$850M
Norske Skog Financials
Norske Skog reported last 12-month revenue of $1B and EBITDA of $35M.
In the same LTM period, Norske Skog generated $35M in EBITDA and $42M in net income.
Revenue (LTM)
Norske Skog P&L
In the most recent fiscal year, Norske Skog reported revenue of $1B and EBITDA of $125M.
Norske Skog expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $343M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $35M | XXX | $125M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $42M | XXX | $45M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $468M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Norske Skog Stock Performance
Norske Skog has current market cap of $366M, and enterprise value of $850M.
Market Cap Evolution
Norske Skog's stock price is $4.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $850M | $366M | -6.2% | XXX | XXX | XXX | $0.53 |
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Start Free TrialNorske Skog Valuation Multiples
Norske Skog trades at 0.7x EV/Revenue multiple, and 24.4x EV/EBITDA.
EV / Revenue (LTM)
Norske Skog Financial Valuation Multiples
As of April 19, 2026, Norske Skog has market cap of $366M and EV of $850M.
Equity research analysts estimate Norske Skog's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Norske Skog has a P/E ratio of 8.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $366M | XXX | $366M | XXX | XXX | XXX |
| EV (current) | $850M | XXX | $850M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 24.4x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBIT | 14.3x | XXX | 14.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.5x | XXX | XXX | XXX |
| P/E | 8.8x | XXX | 8.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (10.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Norske Skog 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.


Norske Skog Margins & Growth Rates
Norske Skog's revenue in the last 12 month grew by 14%.
Norske Skog's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Norske Skog's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Norske Skog's rule of X is 79% (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).
Norske Skog Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 182% | XXX | (22%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Norske Skog Public Comps
See public comps and valuation multiples for other Paper & Forest Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Norske Skog | XXX | XXX | XXX | XXX | XXX | XXX |
| KPP Group Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Middle East Paper | XXX | XXX | XXX | XXX | XXX | XXX |
| CPH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Koskisen | XXX | XXX | XXX | XXX | XXX | XXX |
| Iberpapel | 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.
Norske Skog M&A Activity
Norske Skog acquired XXX companies to date.
Last acquisition by Norske Skog was on XXXXXXXX, XXXXX. Norske Skog acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Norske Skog
| 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 TrialNorske Skog Investment Activity
Norske Skog invested in XXX companies to date.
Norske Skog made its latest investment on XXXXXXXX, XXXXX. Norske Skog invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Norske Skog
| 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 Norske Skog
| When was Norske Skog founded? | Norske Skog was founded in 1962. |
| Where is Norske Skog headquartered? | Norske Skog is headquartered in Norway. |
| How many employees does Norske Skog have? | As of today, Norske Skog has over 2K employees. |
| Who is the CEO of Norske Skog? | Norske Skog's CEO is Geir Drangsland. |
| Is Norske Skog publicly listed? | Yes, Norske Skog is a public company listed on Oslo Børs. |
| What is the stock symbol of Norske Skog? | Norske Skog trades under NSKOG ticker. |
| When did Norske Skog go public? | Norske Skog went public in 2019. |
| Who are competitors of Norske Skog? | Norske Skog main competitors are KPP Group Holdings, Middle East Paper, CPH Group, Koskisen. |
| What is the current market cap of Norske Skog? | Norske Skog's current market cap is $366M. |
| What is the current revenue of Norske Skog? | Norske Skog's last 12 months revenue is $1B. |
| What is the current revenue growth of Norske Skog? | Norske Skog revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Norske Skog? | Current revenue multiple of Norske Skog is 0.7x. |
| Is Norske Skog profitable? | Yes, Norske Skog is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Norske Skog? | Norske Skog's last 12 months EBITDA is $35M. |
| What is Norske Skog's EBITDA margin? | Norske Skog's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Norske Skog? | Current EBITDA multiple of Norske Skog is 24.4x. |
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