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Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into three functional business areas, including Commercial, Operations, and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
1993
8.8K+
LTM Revenue $3.5B
LTM EBITDA $705M
$2.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Norwegian has a last 12-month revenue (LTM) of $3.5B and a last 12-month EBITDA of $705M.
In the most recent fiscal year, Norwegian achieved revenue of $3.5B and an EBITDA of $713M.
Norwegian expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Norwegian valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | XXX | $3.5B | XXX | XXX | XXX |
| Gross Profit | $1.0B | XXX | $699M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $705M | XXX | $713M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| EBIT | $227M | XXX | $211M | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $165M | XXX | $132M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Norwegian's stock price is NOK 14 (or $1).
Norwegian has current market cap of NOK 15.0B (or $1.5B), and EV of NOK 20.0B (or $2.0B).
See Norwegian trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.0B | $1.5B | XXX | XXX | XXX | XXX | $0.14 |
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Start Free TrialAs of May 30, 2025, Norwegian has market cap of $1.5B and EV of $2.0B.
Norwegian's trades at 0.6x EV/Revenue multiple, and 2.7x EV/EBITDA.
Equity research analysts estimate Norwegian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Norwegian has a P/E ratio of 8.9x.
See valuation multiples for Norwegian and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.5B | XXX | $1.5B | XXX | XXX | XXX |
| EV (current) | $2.0B | XXX | $2.0B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 2.8x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBIT | 8.6x | XXX | 9.3x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 8.9x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | 5.6x | XXX | 3.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNorwegian's last 12 month revenue growth is 6%
Norwegian's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Norwegian's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Norwegian's rule of X is 35% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Norwegian and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | 30% | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 14% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | 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.
Norwegian acquired XXX companies to date.
Last acquisition by Norwegian was XXXXXXXX, XXXXX XXXXX XXXXXX . Norwegian acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Norwegian founded? | Norwegian was founded in 1993. |
| Where is Norwegian headquartered? | Norwegian is headquartered in Norway. |
| How many employees does Norwegian have? | As of today, Norwegian has 8.8K+ employees. |
| Who is the CEO of Norwegian? | Norwegian's CEO is Mr. Geir Karlsen. |
| Is Norwegian publicy listed? | Yes, Norwegian is a public company listed on OSL. |
| What is the stock symbol of Norwegian? | Norwegian trades under NAS ticker. |
| When did Norwegian go public? | Norwegian went public in 2003. |
| Who are competitors of Norwegian? | Similar companies to Norwegian include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of Norwegian? | Norwegian's current market cap is $1.5B |
| What is the current revenue of Norwegian? | Norwegian's last 12 months revenue is $3.5B. |
| What is the current revenue growth of Norwegian? | Norwegian revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Norwegian? | Current revenue multiple of Norwegian is 0.6x. |
| Is Norwegian profitable? | Yes, Norwegian is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Norwegian? | Norwegian's last 12 months EBITDA is $705M. |
| What is Norwegian's EBITDA margin? | Norwegian's last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Norwegian? | Current EBITDA multiple of Norwegian is 2.8x. |
| What is the current FCF of Norwegian? | Norwegian's last 12 months FCF is $350M. |
| What is Norwegian's FCF margin? | Norwegian's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Norwegian? | Current FCF multiple of Norwegian is 5.6x. |
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