Within increasingly diverse societies, school is considered an important arena for social inclusion, as it ensures that all students can participate in social life within and outside the class. The Norwegian national curriculum emphasizes physical education (PE) as a particularly relevant subject for social inclusion, yet studies have revealed that some students experience discrimination and marginalization in PE because of their ethnicity, race, religion, social class, sexuality, and/or gender. This paper aims to examine how female students' diverse backgrounds influence their positioning among classmates and to investigate how inclusion and exclusion in PE can be understood in light of social relations in multi-ethnic classes. The article is based on an intersectional perspective. The data consist of written fieldnotes and semi-structured interviews from ethnographic fieldwork in two coeducational, multi-ethnic PE classes at a public school in Oslo, Norway. Three female students' narratives are discussed. The findings reveal that gender was the most significant factor in the girls' stories of inclusion and exclusion in PE. With regard to ethnic relations, the narratives show that ethnicity intersected with gender, social class, religion, and race, creating hierarchical boundaries in the peer group. However, these boundaries were less prevalent in the girls' PE experiences. The findings indicate that gender overshadows other differences in PE, making it difficult to see how exclusion is also clustered around other parts of students' positionalities.