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Norwegian (OSEAX) Consumer Staples Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies25
  • 7D-1.4%
  • 3M0.4%
  • 1Y3.0%
  • YTD-6.4%

Over the last 7 days, the Consumer Staples industry has dropped 1.4%, driven by a pullback from Grieg Seafood of 53%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026NOK 416.2bNOK 259.8bNOK 12.9b42.9x32.2x1.6x
Thu, 19 Mar 2026NOK 431.7bNOK 260.0bNOK 12.8b45.2x33.7x1.7x
Sat, 14 Feb 2026NOK 442.1bNOK 264.9bNOK 12.5b20.1x35.3x1.7x
Mon, 12 Jan 2026NOK 426.3bNOK 267.0bNOK 8.8b26.2x48.5x1.6x
Wed, 10 Dec 2025NOK 428.7bNOK 267.3bNOK 8.8b26.6x48.5x1.6x
Fri, 07 Nov 2025NOK 410.3bNOK 263.4bNOK 7.9b25.3x52.1x1.6x
Sun, 05 Oct 2025NOK 403.6bNOK 263.0bNOK 6.9b28.3x58.6x1.5x
Tue, 02 Sep 2025NOK 399.6bNOK 262.7bNOK 7.0b24.8x56.9x1.5x
Thu, 31 Jul 2025NOK 372.2bNOK 260.1bNOK 9.9b22.1x37.6x1.4x
Sat, 28 Jun 2025NOK 377.5bNOK 259.5bNOK 10.3b21.5x36.8x1.5x
Mon, 26 May 2025NOK 387.0bNOK 256.9bNOK 10.2b22.1x38x1.5x
Wed, 23 Apr 2025NOK 392.9bNOK 258.9bNOK 15.4b21.1x25.5x1.5x
Fri, 21 Mar 2025NOK 405.8bNOK 256.1bNOK 15.3b21.5x26.5x1.6x
Sun, 16 Feb 2025NOK 434.3bNOK 257.0bNOK 17.0b21.1x25.5x1.7x
Tue, 14 Jan 2025NOK 391.4bNOK 256.9bNOK 16.3b20.7x24.1x1.5x
Thu, 12 Dec 2024NOK 413.3bNOK 256.1bNOK 16.4b22.4x25.3x1.6x
Sat, 09 Nov 2024NOK 399.8bNOK 258.9bNOK 16.2b19.9x24.7x1.5x
Mon, 07 Oct 2024NOK 392.6bNOK 256.4bNOK 17.6b18x22.3x1.5x
Wed, 04 Sep 2024NOK 375.7bNOK 257.3bNOK 17.8b16.9x21.1x1.5x
Fri, 02 Aug 2024NOK 389.9bNOK 256.4bNOK 10.6b37.9x36.7x1.5x
Sun, 30 Jun 2024NOK 367.2bNOK 254.0bNOK 9.7b35.7x38x1.4x
Tue, 28 May 2024NOK 393.1bNOK 253.5bNOK 10.3b38.6x38.1x1.6x
Thu, 25 Apr 2024NOK 372.9bNOK 254.2bNOK 13.1b31.1x28.4x1.5x
Sat, 23 Mar 2024NOK 398.9bNOK 251.6bNOK 13.2b37x30.1x1.6x
Mon, 19 Feb 2024NOK 373.9bNOK 247.1bNOK 11.4b39.7x32.9x1.5x
Wed, 17 Jan 2024NOK 367.7bNOK 251.4bNOK 9.6b47.8x38.4x1.5x
Fri, 15 Dec 2023NOK 360.0bNOK 252.2bNOK 9.6b51.9x37.4x1.4x
Sun, 12 Nov 2023NOK 367.0bNOK 255.1bNOK 11.4b36.3x32.3x1.4x
Tue, 10 Oct 2023NOK 360.7bNOK 245.6bNOK 10.9b36.4x33.2x1.5x
Thu, 07 Sep 2023NOK 367.5bNOK 246.2bNOK 10.9b36.6x33.6x1.5x
Sat, 05 Aug 2023NOK 355.0bNOK 239.0bNOK 26.7b13.5x13.3x1.5x
Mon, 03 Jul 2023NOK 345.4bNOK 239.9bNOK 27.5b14.7x12.6x1.4x
Wed, 31 May 2023NOK 381.0bNOK 242.0bNOK 27.9b15.4x13.7x1.6x
Fri, 28 Apr 2023NOK 390.7bNOK 227.8bNOK 25.8b19.3x15.1x1.7x
Price to Earnings Ratio

15.1x


Total Market Cap: NOK 390.7bTotal Earnings: NOK 25.8bTotal Revenue: NOK 227.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Consumer Staples Sector Price to Earnings3Y Average 32.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Norwegian Consumer Staples industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 32.9x.
  • 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 21% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% 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-4.09%
Consumer Staples-1.39%
Food and Staples Retail4.52%
Beverage0%0
Food-1.39%
Industry PE
  • Investors are most optimistic about the Food industry, which is trading close to its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 19.3% per year.
  • Investors are most pessimistic about the Food industry, which is trading close to its 3-year average of 32.9x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 25% 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
SALM SalMarNOK 561.503.2%
+NOK 2.4b		11.4%PE68.9x
MAS MåsøvalNOK 33.8010.5%
+NOK 392.0m		38.5%PS1.4x
ISLAX Icelandic SalmonNOK 83.007.8%
+NOK 185.8m		-25.2%PS2.7x
NOAP Nordic Aqua PartnersNOK 80.804.7%
+NOK 76.4m		-1.5%PS12.1x
NOHAL Nordic HalibutNOK 22.606.6%
+NOK 74.8m		14.7%PS8.3x

Latest News

GSF
NOK 34.28
Grieg Seafood
7D
-52.6%
1Y
-39.2%
ANDF
NOK 28.60
Andfjord Salmon Group
7D
-0.7%
1Y
-11.5%
MAS
NOK 33.80
Måsøval
7D
10.5%
1Y
38.5%
ORK
NOK 120.30
Orkla
7D
-0.7%
1Y
-0.8%
LSG
NOK 47.10
Lerøy Seafood Group
7D
-3.7%
1Y
7.2%

LSG: Future Returns Will Depend On 2030 Plans And Conflicting Broker Views

Analysts have nudged their fair value estimate for Lerøy Seafood Group slightly lower, from NOK 53.29 to NOK 52.71. This reflects mixed recent research, where one firm turned more positive while another moved to a more cautious stance, along with modest tweaks to revenue growth, profit margin and future P/E assumptions.
MOWI
NOK 210.40
Mowi
7D
-0.6%
1Y
11.3%

MOWI: Future P/E And Revenue Outlook Will Drive Returns Forward

Mowi's analyst price target has been adjusted slightly to NOK 248.67 from NOK 250.00, as analysts balance a higher revenue outlook and updated P/E assumptions with mixed recent research that includes both a Berenberg price target increase and a more cautious stance from Pareto. Analyst Commentary Recent research reflects a split view on Mowi, with one group of bullish analysts lifting their price targets and more cautious analysts turning increasingly wary on the shares.
AUSS
NOK 96.20
Austevoll Seafood
7D
-5.1%
1Y
0.7%

AUSS: Mixed Rating Shifts Will Shape Future Margin And P/E Expectations

Analysts maintain their NOK 109.14 price target for Austevoll Seafood, balancing a recent upgrade and downgrade as they reassess the stock based on stable fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research reflects a split view on Austevoll Seafood, with one group of analysts turning more positive and another becoming more cautious, even as the NOK 109.14 price target remains unchanged.
SALM
NOK 561.50
SalMar
7D
3.2%
1Y
11.4%

SALM: Revised Margin Profile And Higher P/E Will Support Future Returns

Narrative Update on SalMar Analysts have raised their SalMar price target by NOK 15 to NOK 680, citing updated assumptions that include a revised profit margin profile and a higher future P/E multiple. Analyst Commentary Recent Street research on SalMar points to a constructive tone, with bullish analysts adjusting price targets and refining their views on the company’s valuation and earnings profile.
AFISH
NOK 30.60
Arctic Fish Holding
7D
-14.0%
1Y
-47.2%
ASA
NOK 2.85
Atlantic Sapphire
7D
33.6%
1Y
-64.0%
BAKKA
NOK 449.20
P/F Bakkafrost
7D
-2.9%
1Y
-12.9%
ISLAX
NOK 83.00
Icelandic Salmon
7D
7.8%
1Y
-25.2%
NOHAL
NOK 22.60
Nordic Halibut
7D
6.6%
1Y
14.7%
NOAP
NOK 80.80
Nordic Aqua Partners
7D
4.7%
1Y
-1.5%
DELIA
NOK 392.00
Dellia Group
7D
1.0%
1Y
n/a
KLDVK
NOK 4.08
Kaldvik
7D
2.0%
1Y
-78.5%