Global X - MSCI Norway ETF (NORW) Stock | NORW Stock Price & Analysis

NORW

Global X - MSCI Norway ETF NORW · AMEX

$37.00 -0.32% (-$0.12)

Summary

Global X - MSCI Norway ETF is an ETF - a fund traded on an exchange like a stock - run by Global X. Positions inside: 62. The ten largest make up 58% of the fund.

Yearly costs: 0.50%
Fund size: $90.7M
Positions: 62
Dividend yield: 6.85%
Running since: 2010

What speaks for it

It has been running since 2010.

What to watch

The ten largest positions make up 58% of the fund, so its result rests on a few names.
89% of the fund is in one country (Norway).
Costs of 0.50% a year are above the middle of comparable funds (0.44%).
In the last five years its price once dropped by 35% from its high.
A small fund with $90.7M under management; small funds get closed more often.

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +1.4%
3 months: +6.8%
This year: +23%
1 year: +23%
3 years: +61%
5 years: +11%
10 years: +58%

Avg. market cap: $28.3B
P/E: 13.2x
Forward P/E: 12.1x
P/S: 1.5x
P/B: 2.2x
P/FCF: 11.7x
EV/EBITDA: 5.2x
Dividend yield: 1.12%
ROIC: 10.9%
ROE: 21.2%
Gross margin: 42.3%
Operating margin: 24.5%
Net margin: 12.6%
Payout ratio: 14.8%
Net debt/EBITDA: 1.1x
Beta: 0.46

Weighted average of the 50 largest companies, which make up 98% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Concentrated

Positions in the fund: 62. The ten largest make up 58% of it.

Composition as of Oct 13, 2026.

Where is it spread?

One country

By sector

Energy 29%
Financials 23%
Industrials 19%
Consumer defensive 11%
Basic materials 8.1%
Other 10%

By country

Norway 89%
United Kingdom 4.1%
Cyprus 3.8%
Singapore 1.1%
Other countries 2.3%

By company size

Large cap 62%
Mid cap 30%
Small cap 7.5%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest sector: Energy (29%). Largest country: Norway (89%). Largest size group: Large cap (62%).

What does it cost me?

Expensive

This fund 0.50%

Middle of comparable ETFs 0.44%

A year from $10,000: $50.00
Over 20 years: $2,416

From every $10,000 invested the fund takes $50.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,416.

How has it done?

Growing slowly

+16%

-16%

-0.7%

-7.9%

+28%

20212022202320242025

A year on average, 10 years: +4.7%
Deepest drop: -35%
Yearly volatility: 18%

Average yearly growth over the last ten years: 4.7%. Deepest drop in these years: 35% below the earlier high.

Does it pay dividends?

Yes, it pays out

0.61

1.03

1.34

1.41

1.03

20212022202320242025

Yield: 6.85%
Payments a year: 2
Last payment: $2.10

Over the last 12 months it paid $2.53 per share, which is 6.85% of today's price. The last payment was $2.10 on Jun 29, 2026.

Is it easy to buy and sell?

Yes

Traded a day: $2.33M
Shares a day: 63K

On an average day about $2.33M of the fund changes hands.

How expensive are the companies inside?

Rather cheap

P/E of the companies inside: 13.2
Average Bulios Score: 67 out of 100

Weight by Bulios Fair Price

Undervalued 53%
Fairly valued 9.3%
Overvalued 38%

On average the companies inside trade for 13.2 times their yearly profit. By Fair Price, 53% of the rated weight comes out as undervalued.

Counted from its largest companies (50), which make up 98% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
EN ENOR iShares MSCI Norway ETF	United States	0.53%	$52.5M	+27%	Pays out	99%