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Norwegian (OSEAX) Food Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies24
  • 7D2.2%
  • 3M7.2%
  • 1Y9.2%
  • YTD8.2%

The Food industry is up 2.2% in the last week, with Mowi up 3.0%. This takes the industry's 12 month performance to a gain of 9.2%. Earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025NOK 441.0bNOK 267.9bNOK 8.8b27.2x49.9x1.6x
Fri, 21 Nov 2025NOK 403.8bNOK 266.1bNOK 8.3b22.8x48.5x1.5x
Sun, 19 Oct 2025NOK 424.3bNOK 263.0bNOK 6.9b26.8x61.9x1.6x
Tue, 16 Sep 2025NOK 415.9bNOK 261.8bNOK 7.0b26.5x59.8x1.6x
Thu, 14 Aug 2025NOK 386.9bNOK 261.0bNOK 10.0b22.8x38.8x1.5x
Sat, 12 Jul 2025NOK 368.9bNOK 259.1bNOK 10.3b21.1x35.8x1.4x
Mon, 09 Jun 2025NOK 385.3bNOK 257.4bNOK 10.2b22.2x37.8x1.5x
Wed, 07 May 2025NOK 390.3bNOK 257.1bNOK 15.2b20.7x25.7x1.5x
Fri, 04 Apr 2025NOK 385.3bNOK 255.5bNOK 15.2b20.3x25.3x1.5x
Sun, 02 Mar 2025NOK 412.7bNOK 258.8bNOK 15.2b19.8x27.1x1.6x
Tue, 28 Jan 2025NOK 417.2bNOK 257.4bNOK 16.3b22.7x25.5x1.6x
Thu, 26 Dec 2024NOK 393.4bNOK 257.3bNOK 16.3b20.8x24.1x1.5x
Sat, 23 Nov 2024NOK 411.8bNOK 254.7bNOK 16.5b22.4x25x1.6x
Mon, 21 Oct 2024NOK 406.8bNOK 258.0bNOK 17.5b18.4x23.2x1.6x
Wed, 18 Sep 2024NOK 384.2bNOK 257.0bNOK 17.7b17.3x21.7x1.5x
Fri, 16 Aug 2024NOK 397.1bNOK 256.2bNOK 10.6b35.8x37.3x1.5x
Sun, 14 Jul 2024NOK 364.1bNOK 255.4bNOK 9.9b36.5x36.7x1.4x
Tue, 11 Jun 2024NOK 382.9bNOK 254.0bNOK 10.2b40.7x37.6x1.5x
Thu, 09 May 2024NOK 387.4bNOK 254.4bNOK 12.1b31x32x1.5x
Sat, 06 Apr 2024NOK 388.0bNOK 253.3bNOK 13.4b31.1x29x1.5x
Mon, 04 Mar 2024NOK 393.0bNOK 250.1bNOK 13.2b35.2x29.9x1.6x
Wed, 31 Jan 2024NOK 369.5bNOK 250.9bNOK 9.5b48.2x38.7x1.5x
Fri, 29 Dec 2023NOK 353.3bNOK 250.4bNOK 9.6b47.1x37x1.4x
Sun, 26 Nov 2023NOK 371.5bNOK 253.6bNOK 9.7b48.6x38.3x1.5x
Tue, 24 Oct 2023NOK 346.4bNOK 248.4bNOK 11.0b34.7x31.4x1.4x
Thu, 21 Sep 2023NOK 383.7bNOK 246.1bNOK 10.9b37.7x35.2x1.6x
Sat, 19 Aug 2023NOK 358.4bNOK 242.0bNOK 27.1b13.4x13.2x1.5x
Mon, 17 Jul 2023NOK 352.3bNOK 240.0bNOK 26.9b13.6x13.1x1.5x
Wed, 14 Jun 2023NOK 365.8bNOK 238.6bNOK 27.2b14.8x13.4x1.5x
Fri, 12 May 2023NOK 385.5bNOK 230.8bNOK 26.8b16.1x14.4x1.7x
Sun, 09 Apr 2023NOK 365.2bNOK 225.9bNOK 25.3b17.8x14.5x1.6x
Tue, 07 Mar 2023NOK 350.6bNOK 223.7bNOK 25.0b17.4x14x1.6x
Thu, 02 Feb 2023NOK 378.9bNOK 214.2bNOK 26.4b16.5x14.3x1.8x
Sat, 31 Dec 2022NOK 346.2bNOK 211.7bNOK 26.1b14.4x13.3x1.6x
Price to Earnings Ratio

13.3x


Total Market Cap: NOK 346.2bTotal Earnings: NOK 26.1bTotal Revenue: NOK 211.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 30.1x202320242025
Current Industry PE
  • Investors are optimistic on the Norwegian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.9x which is higher than its 3-year average PE of 30.0x.
  • 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 30% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.1% 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 Market0.85%
Consumer Staples2.23%
Food2.23%
Packaged Foods and Meats2.23%
Agricultural Products0%0
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 30.0x.
    • Analysts are expecting annual earnings growth of 41.4%, which is higher than its past year's earnings decline of 7.7% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 30.0x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 7.7% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 41% 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 240.201.6%
+NOK 2.0b		23.5%PE27x
LSG Lerøy Seafood GroupNOK 49.684.1%
+NOK 1.2b		2.1%PE16.4x
AUSS Austevoll SeafoodNOK 93.503.3%
+NOK 605.5m		-3.2%PE14.1x
ORK OrklaNOK 112.000.5%
+NOK 596.8m		13.6%PE17.4x
MAS MåsøvalNOK 26.0013.5%
+NOK 379.8m		-1.1%PS1.2x

Latest News

LSG
NOK 49.68
Lerøy Seafood Group
7D
4.1%
1Y
2.1%
NCOD
NOK 12.90
Norcod
7D
-4.1%
1Y
-8.8%
NOAP
NOK 88.20
Nordic Aqua Partners
7D
12.2%
1Y
19.2%

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

Dec 20
Is Nordic Aqua Partners (OB:NOAP) Using Too Much Debt?
AUSS
NOK 93.50
Austevoll Seafood
7D
3.3%
1Y
-3.2%

Capital Allocation Trends At Austevoll Seafood (OB:AUSS) Aren't Ideal

Dec 19
Capital Allocation Trends At Austevoll Seafood (OB:AUSS) Aren't Ideal
ASA
NOK 7.10
Atlantic Sapphire
7D
-2.9%
1Y
-58.2%
MOWI
NOK 240.20
Mowi
7D
1.6%
1Y
23.5%

MOWI: Future Harvest Volumes And Dividends Will Offset Downgrade And Execution Risks

Analysts have raised their price target on Mowi by approximately NOK 10 to around NOK 257 per share, reflecting a modestly higher fair value despite slightly softer growth and margin assumptions and a recent downgrade to Hold. Analyst Commentary Analysts acknowledge that Mowi remains a high quality salmon producer with solid fundamentals, but the recent downgrade to Hold and modest price target increase signal a more balanced risk reward profile.
ANDF
NOK 25.90
Andfjord Salmon Group
7D
-4.1%
1Y
-36.8%
NOHAL
NOK 19.80
Nordic Halibut
7D
-1.0%
1Y
-8.3%
MAS
NOK 26.00
Måsøval
7D
13.5%
1Y
-1.1%
DELIA
NOK 312.50
Dellia Group
7D
-1.9%
1Y
n/a
BAKKA
NOK 512.00
P/F Bakkafrost
7D
1.0%
1Y
-18.3%

BAKKA: Raised NOK 540 Outlook Will Highlight Stable Margins And Execution Risks

Analysts have raised their price target for P/F Bakkafrost to NOK 540, reflecting increased conviction in the company’s outlook following an upgrade to Buy and a more favorable assessment of its earnings potential. Analyst Commentary Bullish analysts highlight that the upgrade to Buy reflects growing confidence in P/F Bakkafrost’s ability to execute on its operational plans and deliver more resilient earnings over the medium term.
SALME
NOK 5.14
Salmon Evolution
7D
5.4%
1Y
-22.6%
PROXI
NOK 0.69
Proximar Seafood
7D
-0.9%
1Y
-80.3%
ORK
NOK 112.00
Orkla
7D
0.5%
1Y
13.6%

Calculating The Fair Value Of Orkla ASA (OB:ORK)

Dec 02
Calculating The Fair Value Of Orkla ASA (OB:ORK)