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Norwegian (OSEAX) Consumer Staples Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies26
  • 7D0.2%
  • 3M0.4%
  • 1Y3.0%
  • YTD-3.5%

The Consumer Staples industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 39% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026NOK 429.3bNOK 266.9bNOK 8.8b26.4x48.8x1.6x
Sun, 14 Dec 2025NOK 426.5bNOK 268.0bNOK 8.9b26.1x48.1x1.6x
Tue, 11 Nov 2025NOK 412.8bNOK 264.7bNOK 7.9b25.6x52.3x1.6x
Thu, 09 Oct 2025NOK 404.0bNOK 262.5bNOK 6.9b28.4x58.8x1.5x
Sat, 06 Sep 2025NOK 398.8bNOK 263.3bNOK 7.0b24.5x56.8x1.5x
Mon, 04 Aug 2025NOK 371.4bNOK 260.7bNOK 9.9b21.8x37.4x1.4x
Wed, 02 Jul 2025NOK 380.6bNOK 259.9bNOK 10.3b21.6x37x1.5x
Fri, 30 May 2025NOK 384.7bNOK 257.3bNOK 10.2b22.1x37.8x1.5x
Sun, 27 Apr 2025NOK 383.1bNOK 258.4bNOK 15.1b20.3x25.4x1.5x
Tue, 25 Mar 2025NOK 407.4bNOK 255.4bNOK 15.3b22x26.7x1.6x
Thu, 20 Feb 2025NOK 427.2bNOK 256.8bNOK 17.1b20.8x24.9x1.7x
Sat, 18 Jan 2025NOK 409.1bNOK 257.1bNOK 16.3b22.2x25.1x1.6x
Mon, 16 Dec 2024NOK 419.8bNOK 256.1bNOK 16.3b22.6x25.7x1.6x
Wed, 13 Nov 2024NOK 398.3bNOK 258.7bNOK 16.2b19.9x24.6x1.5x
Fri, 11 Oct 2024NOK 401.8bNOK 257.0bNOK 17.5b18.4x23x1.6x
Sun, 08 Sep 2024NOK 382.7bNOK 257.7bNOK 17.7b17x21.6x1.5x
Tue, 06 Aug 2024NOK 371.2bNOK 258.4bNOK 10.7b38.5x34.6x1.4x
Thu, 04 Jul 2024NOK 363.7bNOK 253.3bNOK 9.9b37.8x36.7x1.4x
Sat, 01 Jun 2024NOK 384.8bNOK 253.4bNOK 10.2b40.9x37.8x1.5x
Mon, 29 Apr 2024NOK 381.2bNOK 254.5bNOK 13.2b32.1x28.8x1.5x
Wed, 27 Mar 2024NOK 394.4bNOK 253.5bNOK 13.4b31.9x29.5x1.6x
Fri, 23 Feb 2024NOK 378.6bNOK 246.9bNOK 12.2b33.3x31x1.5x
Sun, 21 Jan 2024NOK 378.0bNOK 251.6bNOK 9.6b48.4x39.4x1.5x
Tue, 19 Dec 2023NOK 352.7bNOK 251.2bNOK 9.6b46.6x36.9x1.4x
Thu, 16 Nov 2023NOK 363.7bNOK 253.2bNOK 11.8b40.7x30.9x1.4x
Sat, 14 Oct 2023NOK 365.6bNOK 246.4bNOK 10.9b36.9x33.6x1.5x
Mon, 11 Sep 2023NOK 368.5bNOK 245.8bNOK 10.9b36.5x33.8x1.5x
Wed, 09 Aug 2023NOK 353.0bNOK 239.9bNOK 26.9b13.4x13.1x1.5x
Fri, 07 Jul 2023NOK 344.3bNOK 239.9bNOK 27.4b14.8x12.6x1.4x
Sun, 04 Jun 2023NOK 377.5bNOK 240.7bNOK 27.6b15.1x13.7x1.6x
Tue, 02 May 2023NOK 392.7bNOK 208.1bNOK 26.0b15.2x15.1x1.9x
Thu, 30 Mar 2023NOK 356.1bNOK 225.0bNOK 25.1b17.6x14.2x1.6x
Sat, 25 Feb 2023NOK 342.0bNOK 222.7bNOK 25.0b16.8x13.7x1.5x
Mon, 23 Jan 2023NOK 360.4bNOK 213.0bNOK 26.3b15.6x13.7x1.7x
Price to Earnings Ratio

13.7x


Total Market Cap: NOK 360.4bTotal Earnings: NOK 26.3bTotal Revenue: NOK 213.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Consumer Staples Sector Price to Earnings3Y Average 30.8x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Consumer Staples industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.8x which is higher than its 3-year average PE of 30.8x.
  • 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 31% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.8% 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 Market2.68%
Consumer Staples0.16%
Food0.16%
Beverage0%0
Food and Staples Retail-0.99%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 30.8x.
    • Analysts are expecting annual earnings growth of 38.6%, which is higher than its past year's earnings decline of 7.7% per year.
  • Investors are most pessimistic about the Food industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 30.8x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 7.7% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 39% 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
ORK OrklaNOK 113.101.9%
+NOK 2.1b		14.8%PE17.4x
AKBM Aker BioMarineNOK 98.801.5%
+NOK 131.6m		50.8%PS4x
AFISH Arctic Fish HoldingNOK 34.808.8%
+NOK 126.0m		-49.2%PS1.5x
AUSS Austevoll SeafoodNOK 96.600.1%
+NOK 20.2m		-5.4%PE14.6x
BARRA Barramundi GroupNOK 0.4917.3%
+NOK 12.6m		-54.3%PS0.8x

Latest News

BARRA
NOK 0.49
Barramundi Group
7D
17.3%
1Y
-54.3%
LSG
NOK 48.68
Lerøy Seafood Group
7D
-0.7%
1Y
-7.0%

LSG: Future Returns Will Be Driven By Sustained Harvest Volumes And Margin Resilience

Narrative Update The analyst price target for Lerøy Seafood Group is unchanged at NOK 55.33, as analysts point to only marginal adjustments to revenue growth, profit margin expectations and future P/E assumptions. These changes do not materially alter their overall valuation view.
MOWI
NOK 232.80
Mowi
7D
-0.3%
1Y
12.1%

MOWI: Harvest Volumes And Dividends Will Support Returns After Hold Downgrade

Analysts have trimmed their price target on Mowi slightly to about €256 from roughly €257, citing updated assumptions for revenue growth, profit margins and future P/E, alongside a recent shift in Street ratings toward a Hold stance. Analyst Commentary Recent Street commentary around Mowi has turned more cautious, with the latest move being a downgrade to Hold.
SALM
NOK 579.50
SalMar
7D
-0.2%
1Y
2.0%

SALM: Higher Harvest Volumes And Margin Resilience Will Support Future Earnings

The analyst price target on SalMar has been reduced from NOK 700 to NOK 680. Analysts attribute the adjustment to slightly lower assumptions for revenue growth and profit margins, partially offset by recent target and rating changes from the Street in the NOK 500 to NOK 570 range.
ORK
NOK 113.10
Orkla
7D
1.9%
1Y
14.8%
SALME
NOK 4.98
Salmon Evolution
7D
-3.2%
1Y
-23.7%
BAKKA
NOK 479.20
P/F Bakkafrost
7D
-2.0%
1Y
-22.3%

BAKKA: NOK 540 Outlook Will Highlight Steady Operations And Execution Risk

Analysts have slightly raised their price target on P/F Bakkafrost to about NOK 540 from roughly NOK 538, citing updated assumptions around fair value and future P/E, while keeping core growth and margin expectations broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts see the NOK 540 price target as aligned with their fair value work, suggesting current pricing assumptions and P/E expectations still support the investment case.
AUSS
NOK 96.60
Austevoll Seafood
7D
0.1%
1Y
-5.4%

AUSS: Rising Production Volumes Will Support Stronger Earnings Momentum Ahead

Analysts have made a small trim to their price target for Austevoll Seafood to NOK 113.20 from NOK 113.50, reflecting slightly softer profit margin assumptions and a modestly higher forward P/E input, while keeping revenue growth expectations broadly unchanged. What's in the News Austevoll Seafood ASA reported production results for the third quarter of 2025, with the company maintaining guidance at 195,000 tonnes of volumes.
MAS
NOK 25.30
Måsøval
7D
0.4%
1Y
-9.0%

Is Måsøval (OB:MAS) Using Too Much Debt?

Dec 25
Is Måsøval (OB:MAS) Using Too Much Debt?
GIGA
NOK 8.40
Gigante Salmon
7D
0.7%
1Y
1.2%
NOAP
NOK 79.00
Nordic Aqua Partners
7D
-3.7%
1Y
6.8%

Is Nordic Aqua Partners (OB:NOAP) Using Too Much Debt?

Dec 20
Is Nordic Aqua Partners (OB:NOAP) Using Too Much Debt?
NOHAL
NOK 20.00
Nordic Halibut
7D
1.0%
1Y
-2.9%
AKBM
NOK 98.80
Aker BioMarine
7D
1.5%
1Y
50.8%
ISLAX
NOK 76.60
Icelandic Salmon
7D
-3.3%
1Y
-35.1%
GSF
NOK 73.35
Grieg Seafood
7D
-0.7%
1Y
13.4%
AFISH
NOK 34.80
Arctic Fish Holding
7D
8.8%
1Y
-49.2%