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Norwegian (OSEAX) Food Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies25
  • 7D3.6%
  • 3M6.8%
  • 1Y1.9%
  • YTD-1.9%

The Food industry is up 3.6% in the last week, with Orkla up 5.9%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 39% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026NOK 435.2bNOK 264.6bNOK 8.8b26.6x49.7x1.6x
Mon, 05 Jan 2026NOK 444.5bNOK 267.3bNOK 8.8b27.5x50.4x1.7x
Wed, 03 Dec 2025NOK 417.1bNOK 266.7bNOK 8.8b21.3x47.5x1.6x
Fri, 31 Oct 2025NOK 411.4bNOK 262.4bNOK 6.8b26.1x60.2x1.6x
Sun, 28 Sep 2025NOK 401.7bNOK 262.6bNOK 6.9b25.5x58.6x1.5x
Tue, 26 Aug 2025NOK 399.7bNOK 262.2bNOK 7.8b23.1x51x1.5x
Thu, 24 Jul 2025NOK 379.1bNOK 260.8bNOK 10.0b22.2x38.1x1.5x
Sat, 21 Jun 2025NOK 372.8bNOK 258.4bNOK 10.2b21.5x36.5x1.4x
Mon, 19 May 2025NOK 396.7bNOK 258.1bNOK 12.5b23x31.6x1.5x
Wed, 16 Apr 2025NOK 393.2bNOK 259.8bNOK 15.4b21x25.5x1.5x
Fri, 14 Mar 2025NOK 392.8bNOK 257.2bNOK 15.4b21x25.5x1.5x
Sun, 09 Feb 2025NOK 418.5bNOK 256.1bNOK 16.2b22.5x25.8x1.6x
Tue, 07 Jan 2025NOK 394.0bNOK 256.8bNOK 16.3b21.1x24.2x1.5x
Thu, 05 Dec 2024NOK 411.5bNOK 255.5bNOK 16.3b22.2x25.2x1.6x
Sat, 02 Nov 2024NOK 397.2bNOK 259.0bNOK 17.2b18.3x23.1x1.5x
Mon, 30 Sep 2024NOK 383.7bNOK 256.6bNOK 17.7b17.2x21.7x1.5x
Wed, 28 Aug 2024NOK 388.9bNOK 256.2bNOK 17.6b17.9x22.1x1.5x
Fri, 26 Jul 2024NOK 377.4bNOK 257.5bNOK 10.7b35.6x35.4x1.5x
Sun, 23 Jun 2024NOK 380.5bNOK 252.9bNOK 10.1b40.3x37.6x1.5x
Tue, 21 May 2024NOK 399.1bNOK 254.7bNOK 10.4b42.1x38.4x1.6x
Thu, 18 Apr 2024NOK 383.9bNOK 254.1bNOK 13.4b30.1x28.7x1.5x
Sat, 16 Mar 2024NOK 390.4bNOK 251.1bNOK 13.2b36.1x29.5x1.6x
Mon, 12 Feb 2024NOK 353.9bNOK 244.8bNOK 9.4b56.5x37.7x1.4x
Wed, 10 Jan 2024NOK 370.8bNOK 250.8bNOK 9.6b48.2x38.8x1.5x
Fri, 08 Dec 2023NOK 364.9bNOK 253.9bNOK 9.7b48.3x37.7x1.4x
Sun, 05 Nov 2023NOK 358.3bNOK 251.0bNOK 11.0b36.6x32.6x1.4x
Tue, 03 Oct 2023NOK 369.4bNOK 245.4bNOK 10.9b37x34x1.5x
Thu, 31 Aug 2023NOK 368.2bNOK 246.5bNOK 10.9b29.8x33.9x1.5x
Sat, 29 Jul 2023NOK 354.6bNOK 239.5bNOK 26.8b13.6x13.2x1.5x
Mon, 26 Jun 2023NOK 347.0bNOK 240.6bNOK 27.5b14.8x12.6x1.4x
Wed, 24 May 2023NOK 379.5bNOK 240.7bNOK 27.8b15.5x13.7x1.6x
Fri, 21 Apr 2023NOK 381.8bNOK 227.0bNOK 25.4b18.9x15x1.7x
Sun, 19 Mar 2023NOK 347.5bNOK 225.9bNOK 25.2b17.2x13.8x1.5x
Tue, 14 Feb 2023NOK 367.0bNOK 213.7bNOK 26.3b16.7x13.9x1.7x
Price to Earnings Ratio

13.9x


Total Market Cap: NOK 367.0bTotal Earnings: NOK 26.3bTotal Revenue: NOK 213.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 31.5x202420252026
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 49.7x which is higher than its 3-year average PE of 31.5x.
  • 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 31% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 industry?

NO Market2.65%
Consumer Staples3.55%
Food3.55%
Packaged Foods and Meats3.55%
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 31.5x.
    • Analysts are expecting annual earnings growth of 39.1%, 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 31.5x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats 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 Packaged Foods and Meats 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 120.905.9%
+NOK 6.4b		16.6%PE18.5x
MOWI MowiNOK 228.403.2%
+NOK 3.7b		5.8%PE26.6x
SALM SalMarNOK 597.004.2%
+NOK 3.2b		5.6%PE70.3x
BAKKA P/F BakkafrostNOK 480.803.6%
+NOK 980.0m		-21.4%PE44.7x
LSG Lerøy Seafood GroupNOK 48.882.9%
+NOK 833.7m		-9.1%PE16.2x

Latest News

ASA
NOK 5.01
Atlantic Sapphire
7D
-20.8%
1Y
-58.3%
MAS
NOK 24.30
Måsøval
7D
1.3%
1Y
-12.6%
ORK
NOK 120.90
Orkla
7D
5.9%
1Y
16.6%

There's Reason For Concern Over Orkla ASA's (OB:ORK) Price

Feb 05
There's Reason For Concern Over Orkla ASA's (OB:ORK) Price
BAKKA
NOK 480.80
P/F Bakkafrost
7D
3.6%
1Y
-21.4%
AUSS
NOK 93.70
Austevoll Seafood
7D
1.1%
1Y
-12.4%
GSF
NOK 73.35
Grieg Seafood
7D
-1.4%
1Y
13.5%

Is There An Opportunity With Grieg Seafood ASA's (OB:GSF) 22% Undervaluation?

Jan 31
Is There An Opportunity With Grieg Seafood ASA's (OB:GSF) 22% Undervaluation?
AFISH
NOK 29.00
Arctic Fish Holding
7D
-3.3%
1Y
-57.4%
SALM
NOK 597.00
SalMar
7D
4.2%
1Y
5.6%

SalMar ASA (OB:SALM) Not Lagging Market On Growth Or Pricing

Jan 28
SalMar ASA (OB:SALM) Not Lagging Market On Growth Or Pricing
LSG
NOK 48.88
Lerøy Seafood Group
7D
2.9%
1Y
-9.1%

LSG: Future Returns Will Rely On Harvest Volumes And P E Caution

Analysts have trimmed their price target on Lerøy Seafood Group from NOK 55.33 to about NOK 53.00, reflecting updated views on revenue growth, profit margins and a slightly lower assumed future P/E multiple following recent research, including the downgrade at SEB Equities. Analyst Commentary Recent commentary around Lerøy Seafood Group focuses on how realistic current growth and margin assumptions are, given the lower price target and the reduced P/E multiple that some analysts are now using.
MOWI
NOK 228.40
Mowi
7D
3.2%
1Y
5.8%

MOWI: Cost Savings And Harvest Volumes Will Support Returns After Downgrades

Mowi's updated analyst price target has shifted from NOK 256.36 to NOK 246.72, as analysts factor in slightly softer assumptions for revenue growth and profit margins, along with recent downgrades from Buy to Hold by multiple firms. Analyst Commentary Recent research updates point to a more cautious stance on Mowi, with multiple downgrades to Hold as analysts reassess the balance between growth expectations, margins, and current valuation.
DELIA
NOK 389.00
Dellia Group
7D
-2.8%
1Y
n/a
BARRA
NOK 0.44
Barramundi Group
7D
-21.0%
1Y
-47.5%
ANDF
NOK 28.90
Andfjord Salmon Group
7D
-2.7%
1Y
-26.1%
NCOD
NOK 11.60
Norcod
7D
-5.3%
1Y
-12.1%
NOHAL
NOK 20.40
Nordic Halibut
7D
3.6%
1Y
4.1%
AKBM
NOK 93.00
Aker BioMarine
7D
-3.7%
1Y
45.1%