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Norwegian (OSEAX) Consumer Staples Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies27
  • 7D3.6%
  • 3M-8.1%
  • 1Y-1.2%
  • YTD-15.7%

Over the last 7 days, the Consumer Staples industry has risen 3.8%, driven by gains from Mowi of 5.1%. During this same period, the Arctic Fish Holding underperformed, falling 15%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 22% annually.

Sector Valuation and Performance

Has the Norwegian Consumer Staples Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026NOK 379.2bNOK 265.1bNOK 16.4b21.3x23.1x1.4x
Thu, 18 Jun 2026NOK 373.4bNOK 265.3bNOK 16.4b20x22.8x1.4x
Sat, 16 May 2026NOK 397.0bNOK 261.4bNOK 14.4b33.5x27.5x1.5x
Mon, 13 Apr 2026NOK 429.3bNOK 261.1bNOK 13.0b43.3x33.1x1.6x
Wed, 11 Mar 2026NOK 422.1bNOK 261.2bNOK 12.9b45.4x32.7x1.6x
Fri, 06 Feb 2026NOK 433.0bNOK 265.2bNOK 8.8b26.4x49.4x1.6x
Sun, 04 Jan 2026NOK 444.7bNOK 267.3bNOK 8.8b27.5x50.5x1.7x
Tue, 02 Dec 2025NOK 417.9bNOK 267.1bNOK 8.8b25.7x47.3x1.6x
Thu, 30 Oct 2025NOK 417.6bNOK 262.7bNOK 6.9b30.2x60.8x1.6x
Sat, 27 Sep 2025NOK 402.5bNOK 263.0bNOK 6.9b23.9x58.5x1.5x
Mon, 25 Aug 2025NOK 399.4bNOK 262.2bNOK 7.9b23.1x50.9x1.5x
Wed, 23 Jul 2025NOK 376.3bNOK 260.4bNOK 9.9b22.2x37.8x1.4x
Fri, 20 Jun 2025NOK 371.5bNOK 257.6bNOK 10.2b21.5x36.4x1.4x
Sun, 18 May 2025NOK 396.8bNOK 258.1bNOK 12.5b23x31.6x1.5x
Tue, 15 Apr 2025NOK 389.1bNOK 259.7bNOK 15.5b20.7x25.2x1.5x
Thu, 13 Mar 2025NOK 390.8bNOK 257.0bNOK 15.4b20.8x25.4x1.5x
Sat, 08 Feb 2025NOK 418.6bNOK 256.2bNOK 16.3b22.5x25.8x1.6x
Mon, 06 Jan 2025NOK 398.4bNOK 256.7bNOK 16.3b21.2x24.5x1.6x
Wed, 04 Dec 2024NOK 409.6bNOK 255.5bNOK 16.3b22.1x25.1x1.6x
Fri, 01 Nov 2024NOK 404.8bNOK 259.4bNOK 17.2b18.5x23.6x1.6x
Sun, 29 Sep 2024NOK 383.8bNOK 256.6bNOK 17.7b17.2x21.7x1.5x
Tue, 27 Aug 2024NOK 389.4bNOK 256.1bNOK 15.8b16.8x24.7x1.5x
Thu, 25 Jul 2024NOK 377.1bNOK 257.4bNOK 10.7b35.7x35.3x1.5x
Sat, 22 Jun 2024NOK 380.3bNOK 252.9bNOK 10.1b40.3x37.6x1.5x
Mon, 20 May 2024NOK 399.2bNOK 254.8bNOK 10.4b42x38.4x1.6x
Wed, 17 Apr 2024NOK 387.1bNOK 253.6bNOK 13.4b30.5x29x1.5x
Fri, 15 Mar 2024NOK 390.8bNOK 250.7bNOK 13.2b35.9x29.6x1.6x
Sun, 11 Feb 2024NOK 354.0bNOK 244.8bNOK 9.4b56.5x37.7x1.4x
Tue, 09 Jan 2024NOK 369.5bNOK 251.2bNOK 9.6b47.8x38.6x1.5x
Thu, 07 Dec 2023NOK 368.6bNOK 254.4bNOK 9.7b48.4x38x1.4x
Sat, 04 Nov 2023NOK 358.4bNOK 251.0bNOK 11.0b36.6x32.6x1.4x
Mon, 02 Oct 2023NOK 369.4bNOK 245.0bNOK 10.8b36.8x34.1x1.5x
Wed, 30 Aug 2023NOK 366.6bNOK 246.8bNOK 11.4b26x32.1x1.5x
Fri, 28 Jul 2023NOK 351.3bNOK 239.2bNOK 26.8b13.6x13.1x1.5x
Price to Earnings Ratio

13.1x


Total Market Cap: NOK 351.3bTotal Earnings: NOK 26.8bTotal Revenue: NOK 239.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Consumer Staples Sector Price to Earnings3Y Average 33.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Consumer Staples industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.1x which is lower than its 3-year average PE of 33.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Norwegian Consumer Staples sector?

NO Market-0.042%
Consumer Staples3.64%
Food3.64%
Food and Staples Retail0%0
Beverage0%0
Industry PE
  • Investors are most optimistic about the Food industry even though it's trading below its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 10.6% per year.
  • Investors are most pessimistic about the Food industry, which is trading below its 3-year average of 33.8x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 22% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MOWI MowiNOK 197.405.4%
+NOK 5.3b		1.5%PE11.1x
SALM SalMarNOK 492.805.7%
+NOK 3.6b		17.7%PE33.1x
BAKKA P/F BakkafrostNOK 447.806.5%
+NOK 1.6b		9.1%PE21.3x
AKBM Aker BioMarineNOK 106.2013.0%
+NOK 1.1b		31.4%PS4.2x
ORK OrklaNOK 106.600.8%
+NOK 785.3m		-1.4%PE16.4x

Latest News

MOWI
NOK 197.40
Mowi
7D
5.4%
1Y
1.5%
AKBM
NOK 106.20
Aker BioMarine
7D
13.0%
1Y
31.4%
AFISH
NOK 26.60
Arctic Fish Holding
7D
-6.3%
1Y
-34.5%
GSF
NOK 29.72
Grieg Seafood
7D
1.6%
1Y
-59.7%
Narrative Update • Jul 10

GSF: Special Dividend And Margin Reset Will Support Future Upside Potential

Analysts have reset their view on Grieg Seafood, cutting the fair value estimate from NOK 82.40 to NOK 39.43. The new price target is framed by updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels.
ORK
NOK 106.60
Orkla
7D
0.8%
1Y
-1.4%
Narrative Update • Jul 10

ORK: Weaker Margins Versus Peers Will Pressure Future Share Performance

Orkla's analyst price target has been revised to NOK 89, down from NOK 100, as analysts factor in softer assumptions for revenue growth, profit margins and future P/E multiples, alongside recent research pointing to weaker growth and margin prospects versus peers. What’s in the News for Orkla Orkla has called a Special and Extraordinary Shareholders Meeting for July 10, 2026, to vote on board elections, board chair selection, remuneration for the deputy chair, and the potential use of electronic communication, according to the company meeting agenda.
SALM
NOK 492.80
SalMar
7D
5.7%
1Y
17.7%
SALME
NOK 4.00
Salmon Evolution
7D
-1.4%
1Y
-34.7%
Narrative Update • Jul 06

SALME: Equity Financing And Higher P/E Assumptions Will Support Future Upside

Analysts have trimmed their Salmon Evolution price target from NOK7.34 to NOK6.38, pointing to updated assumptions for discount rates, revenue growth, profit margins and future P/E that together imply a more conservative valuation framework for the stock. What's in the News Salmon Evolution ASA completed a follow on equity offering of NOK 400.5 million, issuing 89,000,000 common shares at NOK 4.5 per share under a Regulation S structure, followed by a direct listing.
ISLAX
NOK 60.00
Icelandic Salmon
7D
-3.2%
1Y
-41.2%
Narrative Update • Jun 30

None

Analysts have lowered their fair value estimate for Icelandic Salmon from NOK 90 to NOK 70, citing updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple. What's in the News for Icelandic Salmon No recent company specific news for Icelandic Salmon has been provided in the available sources.
KING
NOK 0.80
Kingfish
7D
-2.4%
1Y
-85.5%
NCOD
NOK 10.15
Norcod
7D
-1.5%
1Y
-27.5%
AUSS
NOK 83.20
Austevoll Seafood
7D
2.2%
1Y
-11.6%
Narrative Update • Jun 24

AUSS: Stable Governance And Margins Will Support Future Upside Potential

Analysts now hold Austevoll Seafood's fair value estimate steady at NOK 106. This reflects unchanged assumptions around discount rate, revenue growth, profit margin and future P/E while they reassess the balance of risks and opportunities around the stock.
LSG
NOK 40.72
Lerøy Seafood Group
7D
3.0%
1Y
-13.6%
Narrative Update • Jun 18

LSG: Future Returns Will Depend On Margin Execution And Mixed Broker Views

The latest narrative update on Lerøy Seafood Group reflects a modest trim in the analyst price target to NOK 52.50 from NOK 53.13, as analysts balance mixed recent research views with slightly adjusted assumptions on fair value, margins and future P/E. Analyst Commentary Recent research on Lerøy Seafood Group points to a split view, with some bullish analysts becoming more positive on the stock while more cautious analysts have shifted to a less favorable stance.
BAKKA
NOK 447.80
P/F Bakkafrost
7D
6.5%
1Y
9.1%
Narrative Update • Jun 15

BAKKA: Future Cash Flows Will Rely On 2026 Production Execution

Analysts have nudged their fair value estimate for P/F Bakkafrost to NOK 505.27 from NOK 501.93, reflecting updated assumptions that include a higher discount rate, slightly lower revenue growth expectations, a higher profit margin, and a lower future P/E multiple. Analyst Commentary Recent Street research around P/F Bakkafrost highlights a more cautious tone, with at least one downgrade reflecting concerns that sit behind the updated fair value assumptions.
NOAP
NOK 77.40
Nordic Aqua Partners
7D
-1.8%
1Y
-0.8%
KLDVK
NOK 4.92
Kaldvik
7D
-8.9%
1Y
-66.3%
ASA
NOK 0.95
Atlantic Sapphire
7D
-16.7%
1Y
-90.4%