Norwegian High Return On Equity, Low Debt

Kongsberg Gruppen

Market Cap: NOK 289.0b

Provides high-tech systems and solutions primarily to customers in the maritime and defense markets.

Protector Forsikring

Market Cap: NOK 41.6b

Operates as a non-life insurance company, provides direct general insurance and reinsurance to the commercial lines of business, public sector, and affinity schemes.

Wallenius Wilhelmsen

Market Cap: NOK 37.7b

Engages in the logistics and transportation business worldwide.

Veidekke

Market Cap: NOK 22.6b

Operates as a construction and property development company in Norway, Sweden, and Denmark.

Multiconsult

Market Cap: NOK 5.6b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Solstad Offshore

Market Cap: NOK 3.9b

Owns and operates offshore service vessels.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

2020 Bulkers

Market Cap: NOK 2.9b

Owns and operates large dry bulk vessels worldwide.

Rana Gruber

Market Cap: NOK 2.6b

Engages in the mining, processing, and sale of iron ore concentrate in Norway, the United Kingdom, Sweden, the United States, and internationally.

Ventura Offshore Holding

Market Cap: NOK 2.4b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

GoodBulk

Market Cap: NOK 19.4m

Owns and operates dry bulk vessels worldwide.