Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Food Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies25
  • 7D-4.3%
  • 3M-11.0%
  • 1Y-0.9%
  • YTD-12.7%

Over the last 7 days, the Food industry has dropped 4.3%, driven by a pullback from Mowi of 5.4%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

Has the Norwegian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026NOK 388.1bNOK 259.0bNOK 12.5b40.5x31.1x1.5x
Tue, 07 Apr 2026NOK 436.0bNOK 261.9bNOK 13.0b43x33.5x1.7x
Thu, 05 Mar 2026NOK 432.5bNOK 261.6bNOK 12.9b45.8x33.6x1.7x
Sat, 31 Jan 2026NOK 420.5bNOK 264.4bNOK 8.8b25.8x48x1.6x
Mon, 29 Dec 2025NOK 437.9bNOK 267.2bNOK 8.8b27.1x49.6x1.6x
Wed, 26 Nov 2025NOK 408.2bNOK 266.3bNOK 8.2b22.7x49.5x1.5x
Fri, 24 Oct 2025NOK 424.0bNOK 262.0bNOK 6.8b27.2x62x1.6x
Sun, 21 Sep 2025NOK 408.2bNOK 262.7bNOK 7.0b25.8x58.6x1.6x
Tue, 19 Aug 2025NOK 386.4bNOK 260.8bNOK 10.0b22.8x38.8x1.5x
Thu, 17 Jul 2025NOK 373.4bNOK 260.6bNOK 9.8b22.4x38x1.4x
Sat, 14 Jun 2025NOK 375.5bNOK 256.8bNOK 10.2b21.7x36.8x1.5x
Mon, 12 May 2025NOK 384.7bNOK 257.3bNOK 15.5b19.9x24.9x1.5x
Wed, 09 Apr 2025NOK 379.2bNOK 259.8bNOK 15.4b20x24.6x1.5x
Fri, 07 Mar 2025NOK 397.4bNOK 258.0bNOK 14.7b20.2x27.1x1.5x
Sun, 02 Feb 2025NOK 436.4bNOK 256.9bNOK 16.3b23.7x26.8x1.7x
Tue, 31 Dec 2024NOK 394.5bNOK 257.4bNOK 16.3b20.8x24.2x1.5x
Thu, 28 Nov 2024NOK 409.2bNOK 255.7bNOK 16.5b22x24.8x1.6x
Sat, 26 Oct 2024NOK 404.7bNOK 257.8bNOK 17.5b18.5x23.2x1.6x
Mon, 23 Sep 2024NOK 382.8bNOK 256.5bNOK 17.7b17.3x21.7x1.5x
Wed, 21 Aug 2024NOK 387.7bNOK 255.5bNOK 10.7b35.6x36.4x1.5x
Fri, 19 Jul 2024NOK 374.1bNOK 256.2bNOK 10.6b35.2x35.2x1.5x
Sun, 16 Jun 2024NOK 388.2bNOK 253.7bNOK 10.2b39.9x38.2x1.5x
Tue, 14 May 2024NOK 400.0bNOK 254.1bNOK 12.1b35.1x33.1x1.6x
Thu, 11 Apr 2024NOK 393.7bNOK 253.4bNOK 13.4b31.4x29.4x1.6x
Sat, 09 Mar 2024NOK 396.4bNOK 250.1bNOK 13.2b36.1x30.1x1.6x
Mon, 05 Feb 2024NOK 370.7bNOK 251.9bNOK 9.6b47.9x38.7x1.5x
Wed, 03 Jan 2024NOK 355.7bNOK 250.8bNOK 9.6b46.3x37.2x1.4x
Fri, 01 Dec 2023NOK 370.8bNOK 253.9bNOK 9.7b48.2x38.2x1.5x
Sun, 29 Oct 2023NOK 347.4bNOK 250.5bNOK 11.0b35.7x31.4x1.4x
Tue, 26 Sep 2023NOK 369.8bNOK 245.8bNOK 10.9b36.4x34x1.5x
Thu, 24 Aug 2023NOK 359.7bNOK 244.9bNOK 16.0b19.2x22.5x1.5x
Sat, 22 Jul 2023NOK 357.4bNOK 239.5bNOK 26.8b13.8x13.3x1.5x
Mon, 19 Jun 2023NOK 366.3bNOK 239.0bNOK 27.3b15.1x13.4x1.5x
Wed, 17 May 2023NOK 379.7bNOK 237.5bNOK 27.4b15.6x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: NOK 379.7bTotal Earnings: NOK 27.4bTotal Revenue: NOK 237.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 33.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Norwegian Food 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 33.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 23% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 industry?

NO Market-2.98%
Consumer Staples-4.31%
Food-4.31%
Agricultural Products0%0
Packaged Foods and Meats-4.31%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 33.2x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings decline of 19.3% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 33.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats 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 Packaged Foods and Meats 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
AKBM Aker BioMarineNOK 103.002.6%
+NOK 228.0m		89.0%PS4.4x
DELIA Dellia GroupNOK 386.006.0%
+NOK 118.4m		n/aPE42.2x
NCOD NorcodNOK 10.956.3%
+NOK 45.7m		-25.0%PS1.7x
NOHAL Nordic HalibutNOK 23.803.5%
+NOK 42.8m		19.6%PS8.7x
KLDVK KaldvikNOK 3.605.9%
+NOK 33.7m		-80.6%PS0.5x

Latest News

MOWI
NOK 194.30
Mowi
7D
-5.4%
1Y
3.6%
Narrative Update • May 09

MOWI: Higher Earnings Power And P/E Re Rating Will Support Upside Potential

Analysts have raised their price target on Mowi by NOK 10 to NOK 242, citing updated assumptions for revenue growth, profit margins and future P/E multiples reflected in recent research. Analyst Commentary Bullish Takeaways Bullish analysts view the NOK 242 target as supported by updated assumptions for revenue growth and margins that they consider achievable if Mowi executes on its current plan.
DELIA
NOK 386.00
Dellia Group
7D
6.0%
1Y
n/a
Analysis Article • May 06

We Think That There Are Issues Underlying Dellia Group's (OB:DELIA) Earnings

Dellia Group ASA's ( OB:DELIA ) robust earnings report didn't manage to move the market for its stock. We did some...
LSG
NOK 44.26
Lerøy Seafood Group
7D
-2.6%
1Y
-1.1%
AKBM
NOK 103.00
Aker BioMarine
7D
2.6%
1Y
89.0%
ORK
NOK 110.90
Orkla
7D
-2.9%
1Y
-0.4%
Narrative Update • May 02

ORK: Higher Cash Returns And Buybacks Will Support A Cautious Market Reappraisal

Narrative Update on Orkla The latest analyst price target for Orkla is NOK 128.83, reflecting a more cautious stance from analysts following recent research and updated assumptions on revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research reflects a more cautious tone on Orkla, with the latest published view taking a bearish stance and contributing to the updated average price target of NOK 128.83.
BAKKA
NOK 413.60
P/F Bakkafrost
7D
-10.5%
1Y
-17.2%
KLDVK
NOK 3.60
Kaldvik
7D
5.9%
1Y
-80.6%
GSF
NOK 32.20
Grieg Seafood
7D
-11.2%
1Y
-52.6%
New Narrative • Apr 29

Rogaland Refocus And Land Based Expansion Will Shape Stable Yet Constrained Future Prospects

Catalysts About Grieg Seafood Grieg Seafood is a salmon farming company with operations now focused on the Rogaland region and related land based production and processing assets. What are the underlying business or industry changes driving this perspective?
AUSS
NOK 90.00
Austevoll Seafood
7D
-3.6%
1Y
-3.7%
Narrative Update • Apr 28

AUSS: Future Earnings Quality And Cost Discipline Will Support Upside

The analyst price target for Austevoll Seafood has edged slightly lower, moving from about NOK 109 to around NOK 108. Analysts are balancing a more cautious view on revenue growth and margins with mixed recent ratings on the shares.
SALM
NOK 531.50
SalMar
7D
-4.9%
1Y
9.0%
Narrative Update • Apr 21

SALM: Higher Margins And Volume Execution Will Support Future Upside

Analysts have trimmed their fair value estimate for SalMar from NOK 680 to NOK 668, linking the change to updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple, even as some Street targets, such as Berenberg's recent NOK 30 increase, reflect differing views on the potential for upside. Analyst Commentary Recent Street commentary has focused on how updated assumptions around revenue, margins and valuation multiples feed into fair value and price targets for SalMar.
KING
NOK 0.97
Kingfish
7D
-45.8%
1Y
-85.8%
NOHAL
NOK 23.80
Nordic Halibut
7D
3.5%
1Y
19.6%
NCOD
NOK 10.95
Norcod
7D
6.3%
1Y
-25.0%