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Norsk Titanium AS (NTI) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Norsk Titanium AS stock NOK 0.10, price NOK 1.06, that is 90.4% below the price, quality 24 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials NO · ISIN NO0010969108

NT Norsk Titanium AS logo Thin data Nov 6, 2026

Norsk Titanium AS

NTI · OL
Very expensive, weak quality

Our calculation puts a fair price 90% below what the stock costs today.

Low debt
Revenue last quarter +41% vs. a year ago.
Expensive Growth (revenue 5y +57.5 %/yr in NOK)
Fair value kr 0.1020 · Strongly overvalued (−90.4%)
Quality 24/100
Negative free cash flow
Trails peers (2/7)
Narrow moat 9/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 8.19 kr 0.7172 Fair Value kr 0.1020 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range kr 0.7172 – kr 8.19 · fair‑value band kr 0.0680 – kr 0.1275 · the kr 1.06 price screens above the kr 0.1020 fair value. As of Nov 6, 2026.

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Company profile

Norsk Titanium AS, together with its subsidiaries, engages in 3D printing of metal alloys for commercial aerospace, defense, and industrial manufacturers in Europe and the United States.

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The company offers aerospace-grade, 3D-printed, structural titanium parts through its Rapid Plasma Deposition technology. It also provides value-added parts. The company was founded in 2007 and is headquartered in Hønefoss, Norway.

Stock analysis

Norsk Titanium AS (NTI) currently trades at kr 1.06, while our model-based Fair Value estimate is kr 0.1020, 90% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: kr 0.0680 (bear) to kr 0.1275 (bull), the price of kr 1.06 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 24/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Norsk Titanium AS, reported revenue of $3.5M in FY2025 versus $1.3M in FY2021, a compound +28.5%/yr. Reported net income was −$55.9M in FY2025.

Key figures

Market cap 1.4B NOK (≈ $151M) Micro · P/E ratio 5.6 · EPS (TTM) kr 0.1900 · Return on equity −141% · Return on assets (EBIT) −86.0% · Operating margin −474% · Revenue (TTM) 4.3M NOK · Revenue growth (YoY) +40.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 31% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −90%, NTI screens richer than that median.

Fair Value models

Bear kr 0.0680 Fair Value kr 0.1020 Bull kr 0.1275
Price kr 1.06 · Downside -90.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.1614 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) kr 0.0800 kr 0.1200 kr 0.1500 55
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.0800 kr 0.1200 kr 0.1500 55

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 24/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 8
Are margins and returns getting better?
Cashflow 1
Do the profits arrive as real cash?
Financial strength 96
Debt, balance sheet and risk of trouble
Investment 31
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 38
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 31
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−22.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+51.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+57.5%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.8%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−8,561.9% (2020) → −898.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

NTI screens overvalued: fair value 90% below the price. Compare with General Electric Company →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 241 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 24 · Bottom 25%
Fair Value upside −90.4% · Bottom 25%
Profitability
Return on assets −151.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 40.6% · Top 25%
Balance sheet
Debt / equity 0.20× · Above median

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/E (12 months) 5.6× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 64
PAST (return on equity)0 · sector 40
HEALTH (low debt)90 · sector 94
DIVIDEND (yield)0 · sector 18

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Honeywell Aerospace Inc HONA $149.59 $172.03 +15% vs NTI
TransDigm Group TDG $1,189 $1,335 +12% vs NTI
General Dynamics Corporation GD $356.35 $274.19 −23% vs NTI
Lockheed Martin Corporation LMT $576.16 $439.21 −24% vs NTI
Northrop Grumman Corporation NOC $525.25 $382.98 −27% vs NTI
Airbus SE AIR €198.88 €112.14 −44% vs NTI
RTX Corporation RTX $191.88 $88.19 −54% vs NTI
Rheinmetall AG RHM €841.50 €313.19 −63% vs NTI
General Electric Company GE $314.73 $92.26 −71% vs NTI
Howmet Aerospace Inc HWM $200.90 $52.65 −74% vs NTI

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Norsk Titanium AS,: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Norsk Titanium AS, Fair Value". https://www.fairvalue-calculator.com/stock/NTI

Frequently asked questions

Is Norsk Titanium AS (NTI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 0.1020 versus a price of kr 1.06, about 90% lower (overvalued).
What is the fair value of NTI?
Our model-based fair value for Norsk Titanium AS, is kr 0.1020 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 1.06.
What is the quality score of NTI?
Norsk Titanium AS, has a Quality Score of 24/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Norsk Titanium AS (NTI)?
Our model-based price target is the fair value of kr 0.1020 (as of Nov 6, 2026) from 1 valuation models. Cautious scenario kr 0.0680, optimistic scenario kr 0.1275. It is a calculation from audited fundamentals, not an analyst target.
What is the Norsk Titanium AS, stock forecast for 2026?
Our models put fair value at kr 0.1020, about 90% lower versus a price of kr 1.06 (overvalued). Cautious scenario kr 0.0680, optimistic scenario kr 0.1275. The calculation is refreshed regularly with new filings.
What is the revenue of Norsk Titanium AS (NTI)?
Norsk Titanium AS, reported trailing-twelve-month revenue of about 4.3M NOK (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Norsk Titanium AS (NTI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norsk Titanium AS, it is kr 0.1020 per share (as of Nov 6, 2026), against a price of kr 1.06. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Norsk Titanium AS, stock overvalued or undervalued in 2026?
As of Nov 6, 2026, NTI trades above its calculated fair value: price kr 1.06, fair value kr 0.1020, a gap of about −90% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NTI?
No. The price is what the market pays today (kr 1.06); the fair value is what the company's own numbers justify (kr 0.1020). For Norsk Titanium AS, the two are kr 0.9560 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norsk Titanium AS, worth?
The market values Norsk Titanium AS, at about 1.4B NOK (market capitalisation, as of Nov 6, 2026). Per share that is kr 1.06; our models calculate a fair value of kr 0.1020 per share.
What do the bullish and bearish scenarios say about NTI?
Our models span a range for Norsk Titanium AS,: cautious scenario kr 0.0680, base kr 0.1020, optimistic kr 0.1275 per share (as of Nov 6, 2026, price kr 1.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTI?
Norsk Titanium AS, trades at a price-to-earnings ratio of 5.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 0.1020 is built from several models across several years.
How solid is the balance sheet of Norsk Titanium AS (NTI)?
Balance-sheet figures for Norsk Titanium AS, (as of Nov 6, 2026): return on equity −140.6%, debt of 0.20 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is NTI from its 52-week high?
Norsk Titanium AS, trades at kr 1.06, about 31% below its 52-week high of kr 1.54 and 32% above the low of kr 0.8000 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.1020 is for.
Which stocks are comparable to Norsk Titanium AS,?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Norsk Titanium AS, stock attractive at the current price?
The data as of Nov 6, 2026: price kr 1.06, calculated fair value kr 0.1020 (−90%), Quality Score 24/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NTI calculated?
We run Norsk Titanium AS, through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 0.1020, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Norsk Titanium AS, itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Norsk Titanium AS (NTI)?
The closing price on Nov 5, 2026 was kr 1.06. Our model-based fair value is kr 0.1020, about 90% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norsk Titanium AS, right now?
The price sits above even our optimistic bull case (kr 0.1275). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.0680 to kr 0.1275) leaves room in how you read the outcome.

Key figures of Norsk Titanium AS,

How large is the market capitalisation of Norsk Titanium AS (NTI)?
The market capitalisation of Norsk Titanium AS, is 1.4B NOK (≈ $151M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Norsk Titanium AS (NTI)?
Earnings per share at Norsk Titanium AS, are kr 0.1900 (price ÷ EPS = P/E 5.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Norsk Titanium AS (NTI)?
The return on equity (ROE) of Norsk Titanium AS, is −141% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Norsk Titanium AS (NTI)?
On an EBIT basis the return on assets of Norsk Titanium AS, is −86.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Norsk Titanium AS (NTI)?
The operating margin of Norsk Titanium AS, is −474% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norsk Titanium AS (NTI)?
Revenue at Norsk Titanium AS, is growing +40.6% versus a year earlier (3y avg +51.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Norsk Titanium AS (NTI) generate?
The free cash flow of Norsk Titanium AS, is −31.2M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Norsk Titanium AS (NTI) carry?
The net debt of Norsk Titanium AS, is $7.7M (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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