Obermatt

Norma

GER:NOEJ · DE000A1H8BV3
MachineryMedium

360

78
EV / EBIT100
Price / Owner Earnings69
Owner Earnings Yield100
Dividend Yield55
Price/Sales89
EV / Gross Profit97
Price/Book92
Return on Capital12
Cash Return on Capital92
Return on Equity18
EBIT Margin12
Gross Profitability72
Cash Conversion13
Accruals100
Owner Earnings Margin98
Sales growth21
Profit Growth19
Long-Term EPS Growth7
Owner Earnings Growth100
Reinvestment30
Price momentum73
Debt load84
Refinancing29
Debt Payback100
Liquidity1
Analyst ratings27
Opinion Changes11
Price Target Upside16
Market mood32
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Norma clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryGermany
IndustryMachinery
SizeMedium
TypePublic Company
ExchangeXTRA
Employees1,624
ISINDE000A1H8BV3
Last UpdateApr 2, 2026
Themes
Industrial AutomationWater PurificationFarmingIndustrial EngineeringMechanical Engineering

Description

NORMA Group SE together with its subsidiaries manufactures and sells engineered joining technology solutions. Business Strategy The company’s business strategy is anchored in its commitment to high-quality products, cost efficiency, and customer-ce…

Analysis

Bargain bin

NORMA Group SE falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 2.3× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -27% yearly growth; analysts expect -2%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
8
2023202420252026

All-time high

45

Jan 2025

All-time low

6

Mar 2026

Average rank

26

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
89
87
91
68
Price/Earnings
5
83
89
91
Price/Book
92
94
97
87
Dividend Yield
55
72
77
81
Value (overall)
71
93
99
100

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →