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Nordic Semiconductor ASA (NRSDY) fair value: what the stock is really worth

We calculate from audited financials what Nordic Semiconductor ASA is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · US · ISIN NO0003055501

NS Nordic Semiconductor ASA logo Broad data Sep 13, 2026

Nordic Semiconductor ASA

NRSDY · US

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value $2.34 · Strongly overvalued (−87%)
Quality 65/100
!Weak Growth (revenue 5y +10.5 %/yr)
!Thin margins · 3.7% net margin (TTM)
Low debt · generates free cash flow
!Narrow moat 32/100

What runs behind every stock

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

Price vs Fair Value

$36.34 $7.36 Fair Value $2.34 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.

How to read this chart

60‑month range $7.36 – $36.34 · fair‑value band $2.34 – $2.94 · the $18.60 price screens above the $2.34 fair value. Dashed = 300-day average. As of Sep 13, 2026.

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Company profile

Nordic Semiconductor ASA, a fabless semiconductor company, provides low power wireless connectivity solutions in Europe, the Americas, and the Asia Pacific.

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Nordic Semiconductor ASA, a fabless semiconductor company, provides low power wireless connectivity solutions in Europe, the Americas, and the Asia Pacific. The company offers cellular IoT that comprises NB-IoT and LTE-M; non-terrestrial networks; Wi-Fi solutions; Bluetooth low energy System-on-Chip (SoC); Bluetooth direction finding solution; DECT NR+, a non-cellular radio standard; Thread, an IP-based wireless networking protocol solution; nRF52 and nRF51 wireless SoCs; and range extenders, as well as Bluetooth LE audio, Bluetooth mesh, and Zigbee products. It also provides Matter, a Connected Home over IP solution; Amazon sidewalk; multiprotocol SoCs; Bluetooth wireless technology; security solution; Edge AI; ANT solutions, including wireless multiprotocol SoCs supporting the ANT wireless protocol; and KNX IoT. In addition, the company offers power management integrated circuits (PMIC) comprising nPM1100 PMIC, nPM1300 PMIC, nPM2100, and nPM6001 PMIC; cloud services, such as location, security, and device management services; nRF Cloud solution; and application specific integrated circuits and related consulting services. Its products are used for consumer devices, including asset tracking, audio, education, HID, smart home and remotes, gaming, virtual reality and augmented reality products, and wearables; for industrial automation, such as automotive, beacons, building automation, professional lighting, transportation, retail, and smart agriculture and metering; and healthcare devices that include connected health and sports and fitness. Nordic Semiconductor ASA was founded in 1983 and is headquartered in Trondheim, Norway.

Stock analysis

Nordic Semiconductor ASA (NRSDY) currently trades at $18.60, while our model-based Fair Value estimate is $2.34, implying the stock looks roughly 694.9% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $5.75 per share, and 0 of the 25 models we run sit above the $18.60 price.

Bear case: the Dividend Discount group reads lowest at $0.9600, and 25 of the 25 models stay below the price. Evidence for this calculation is high.

Scenario range: $2.34 (bear) to $2.94 (bull), the price of $18.60 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 65/100 (solid quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Nordic Semiconductor ASA reported revenue of $668M in FY2025 versus $611M in FY2021, a compound +2.3%/yr. Reported net income was $16.4M in FY2025, compounding −30.7%/yr from FY2021.

Key figures

Market cap $3.7B · P/E ratio 143.1 · P/S ratio 3.51 · EPS (TTM) $0.1300 · Net margin 2.5% · Return on equity 4.2% · Return on assets (EBIT) 6.6% · Operating margin 5.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 21% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −87%, NRSDY screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.9600 to $8.73). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $2.34 Fair Value $2.34 Bull $2.94
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.0915 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. Evidence Evidence = 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.
Highest evidence
FCF DCF $5.10 $8.40 $16.38 76
Growth DCF $4.98 $8.73 $14.39 76
Residual Income $2.43 $2.35 $1.90 76
All 25 models by family
DCF Models
FCF DCF $5.10 $8.40 $16.38 76
5Y Revenue Exit $3.07 $4.28 $5.88 73
5Y EBITDA Exit $4.79 $8.08 $12.41 74
5Y P/E Exit $3.46 $5.13 $7.11 71
10Y Revenue Exit $3.67 $5.11 $7.32 67
10Y EBITDA Exit $4.86 $7.95 $13.05 67
10Y P/E Exit $3.97 $5.75 $8.40 64
Earnings-Based
Graham-Dodd $0.5600 $3.28 $4.56 63
Lynch FV $0.9300 $1.32 $1.72 61
PEG = 1.0 $0.9300 $1.32 $1.72 57
EPV $2.02 $2.17 $2.30 74
Dividend Discount
Gordon GGM $0.5600 $1.11 $1.68 67
DDM Multi-Stage $0.5600 $0.9600 $1.17 67
Multiples
P/E Multiple $1.74 $2.32 $2.90 63
P/S Multiple $1.06 $1.41 $1.76 58
P/B Multiple $1.06 $1.41 $1.76 55
EV/EBIT $3.17 $3.88 $4.58 66
EV/EBITDA $4.85 $6.11 $7.38 67
EV/Revenue $2.13 $2.59 $3.04 54
Asset-Based
NCAV (Graham) $1.72 $2.31 $3.44 54
Growth DCF
Growth DCF $4.98 $8.73 $14.39 76
Rev-Margin DCF $3.07 $4.28 $5.95 73
Economic Profit
Residual Income $2.43 $2.35 $1.90 76
ROIC Compounder $2.02 $2.17 $2.30 72
Growth Earnings
Growth-Adj P/E $1.58 $2.26 $2.94 67

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Quality Score breakdown

Overall quality 65/100

Of which business quality 65 · Market factors (momentum, volatility) 60

Profitability 36
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 67
Share count: buybacks or dilution?

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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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+30.5%
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.
−4.9%
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.
+10.5%
Revenue growth 23 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.
+18.6%
What shareholders gained per year (last 5 years) What the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−15.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−16% vs −3%, slowing
Profit margin 2020 to 2025 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.11% → 4%

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes This turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

NRSDY screens 695% overvalued. Compare with NVIDIA Corporation →

Earlier news

News mood News mood, the average tone of recent news (34 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.

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Values & ESG

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Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $218.29 $197.96 −9%
Taiwan Semiconductor Manufacturing Company TSM $433.24 $476.56 +10%
Broadcom Inc AVGO $361.99 $272.24 −25%
SK hynix Inc 000660 1,812,000 KRW 1,993,200 KRW +10%
Micron Technology, Inc MU $975.26 $148.38 −85%
Advanced Micro Devices, Inc AMD $516.13 $122.74 −76%
Intel Corporation INTC $102.94 $35.41 −66%
Texas Instruments Incorporated TXN $268.70 $78.54 −71%
Arm Holdings ARM $264.79 $44.44 −83%
Semiconductor Manufacturing International Corporation 688981 ¥117.41 ¥16.54 −86%

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Frequently asked questions

Is Nordic Semiconductor ASA (NRSDY) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of $2.34 versus a price of $18.60, about −87% upside (overvalued).
What is the fair value of NRSDY?
Our model-based fair value for Nordic Semiconductor ASA is $2.34 (as of Sep 13, 2026), built from audited fundamentals. The current price: $18.60.
What is the quality score of NRSDY?
Nordic Semiconductor ASA has a Quality Score of 65/100. 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 Nordic Semiconductor ASA (NRSDY)?
Our model-based price target is the fair value of $2.34 (as of Sep 13, 2026) from 25 valuation models. Cautious scenario $2.34, optimistic scenario $2.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic Semiconductor ASA stock forecast for 2026?
Our models put fair value at $2.34, about −87% upside versus a price of $18.60 (overvalued). Cautious scenario $2.34, optimistic scenario $2.94. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic Semiconductor ASA (NRSDY)?
Nordic Semiconductor ASA reported trailing-twelve-month revenue of about $705M (latest available figure, as of Sep 13, 2026).
What growth is priced into Nordic Semiconductor ASA (NRSDY)?
For today's price to be fair in a discounted-cash-flow model, Nordic Semiconductor ASA would have to grow free cash flow by +30.0 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of NRSDY use?
Our models discount Nordic Semiconductor ASA at 9.7 %: a base by market capitalisation (mid), damped by beta 0.99, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nordic Semiconductor ASA that is +30.0 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Nordic Semiconductor ASA (NRSDY) delivered so far?
Over the past 5 years revenue at Nordic Semiconductor ASA grew +10.5 % a year. The price currently implies +30.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nordic Semiconductor ASA (NRSDY) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Nordic Semiconductor ASA (+30.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nordic Semiconductor ASA (NRSDY)?
The free-cash-flow yield on the price is 1.62 %: that much free cash flow Nordic Semiconductor ASA produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nordic Semiconductor ASA (NRSDY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic Semiconductor ASA it is $2.34 per share (as of Sep 13, 2026), against a price of $18.60. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Nordic Semiconductor ASA stock overvalued or undervalued in 2026?
As of Sep 13, 2026, NRSDY trades above its calculated fair value: price $18.60, fair value $2.34, a gap of about −87% (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 NRSDY?
No. The price is what the market pays today ($18.60); the fair value is what the company's own numbers justify ($2.34). For Nordic Semiconductor ASA the two are $16.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic Semiconductor ASA worth?
The market values Nordic Semiconductor ASA at about $3.7B (market capitalisation, as of Sep 13, 2026). Per share that is $18.60; our models calculate a fair value of $2.34 per share.
What do the bullish and bearish scenarios say about NRSDY?
Our models span a range for Nordic Semiconductor ASA: cautious scenario $2.34, base $2.34, optimistic $2.94 per share (as of Sep 13, 2026, price $18.60). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is NRSDY from its 52-week high?
Nordic Semiconductor ASA trades at $18.60, about 21% below its 52-week high of $23.40 and 48% above the low of $12.60 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of $2.34 is for.
Which stocks are comparable to Nordic Semiconductor ASA?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, 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 Nordic Semiconductor ASA stock attractive at the current price?
The data as of Sep 13, 2026: price $18.60, calculated fair value $2.34 (−87%), Quality Score 65/100, from 25 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 NRSDY calculated?
We run Nordic Semiconductor ASA through 25 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 $2.34, 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 15.8 % above its aggregate fair value. Nordic Semiconductor ASA 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 should I pay attention to with Nordic Semiconductor ASA right now?
The price sits above even our optimistic bull case ($2.94). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Nordic Semiconductor ASA (NRSDY) come from?
Earnings per share at Nordic Semiconductor ASA grew −5.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.8 %, EBIT margin −15.3 %, tax rate +3.7 %, residual (interest, one-offs) −3.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Nordic Semiconductor ASA

How large is the market capitalisation of Nordic Semiconductor ASA (NRSDY)?
The market capitalisation of Nordic Semiconductor ASA is $3.7B. 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 is the P/E ratio of Nordic Semiconductor ASA (NRSDY)?
The price-to-earnings ratio of Nordic Semiconductor ASA is 143.1. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Nordic Semiconductor ASA (NRSDY)?
The price-to-sales ratio of Nordic Semiconductor ASA is 3.51 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nordic Semiconductor ASA (NRSDY)?
Earnings per share at Nordic Semiconductor ASA are $0.1300 (price ÷ EPS = P/E 143.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nordic Semiconductor ASA (NRSDY)?
The net margin of Nordic Semiconductor ASA is 2.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nordic Semiconductor ASA (NRSDY)?
The return on equity (ROE) of Nordic Semiconductor ASA is 4.2% (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 Nordic Semiconductor ASA (NRSDY)?
On an EBIT basis the return on assets of Nordic Semiconductor ASA is 6.6% (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 Nordic Semiconductor ASA (NRSDY)?
The operating margin of Nordic Semiconductor ASA is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordic Semiconductor ASA (NRSDY)?
Revenue at Nordic Semiconductor ASA is growing +24.1% versus a year earlier (3y avg −4.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nordic Semiconductor ASA (NRSDY)?
Earnings per share at Nordic Semiconductor ASA are growing +785% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nordic Semiconductor ASA (NRSDY) hold?
Nordic Semiconductor ASA holds more cash than debt, $146M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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