NORCO.OL Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	11.66B EUR	11.27B EUR	12.75B EUR
Enterprise Value	13.53B EUR	13.2B EUR	14.64B EUR
Valuation Multiples
Trailing P/E	19.1x	19.2x	17.91x
Forward P/E	12.71x	--	--
Price to Sales	0.94x	0.89x	1.03x
Price to Book	3.96x	3.83x	3.9x
EV/Revenue	1.1x	1.04x	1.19x
EV/EBITDA	12.95x	8.84x	9.04x
Price to FCF (P/FCF)	9.65x	7.05x	9.9x
EV/FCF	11.2x	8.26x	11.37x
FCF Yield	10.36%	14.18%	10.1%