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Norwegian (OSEAX) Food Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies24
  • 7D0.6%
  • 3M5.2%
  • 1Y0.6%
  • YTD0.8%

In the last week, Food has been flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 41% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025NOK 411.4bNOK 264.2bNOK 7.9b23.6x52.3x1.6x
Fri, 10 Oct 2025NOK 406.0bNOK 262.4bNOK 6.8b25.7x59.4x1.5x
Sun, 07 Sep 2025NOK 398.6bNOK 263.3bNOK 7.0b24.5x56.8x1.5x
Tue, 05 Aug 2025NOK 374.4bNOK 260.7bNOK 9.9b22x37.7x1.4x
Thu, 03 Jul 2025NOK 382.7bNOK 259.8bNOK 10.3b21.7x37.1x1.5x
Sat, 31 May 2025NOK 383.5bNOK 257.9bNOK 10.2b22.2x37.6x1.5x
Mon, 28 Apr 2025NOK 383.0bNOK 258.4bNOK 15.1b20.3x25.4x1.5x
Wed, 26 Mar 2025NOK 408.3bNOK 255.4bNOK 15.3b21.6x26.7x1.6x
Fri, 21 Feb 2025NOK 416.7bNOK 256.7bNOK 16.8b20.5x24.8x1.6x
Sun, 19 Jan 2025NOK 409.0bNOK 257.2bNOK 16.3b22.2x25.1x1.6x
Tue, 17 Dec 2024NOK 408.9bNOK 256.3bNOK 16.4b22.1x25x1.6x
Thu, 14 Nov 2024NOK 396.1bNOK 258.8bNOK 16.2b19.9x24.5x1.5x
Sat, 12 Oct 2024NOK 403.4bNOK 256.8bNOK 17.4b18.3x23.1x1.6x
Mon, 09 Sep 2024NOK 382.6bNOK 257.7bNOK 17.7b17x21.6x1.5x
Wed, 07 Aug 2024NOK 379.1bNOK 257.1bNOK 10.7b37.3x35.5x1.5x
Fri, 05 Jul 2024NOK 363.6bNOK 253.6bNOK 9.9b36.4x36.7x1.4x
Sun, 02 Jun 2024NOK 384.7bNOK 253.4bNOK 10.2b40.9x37.8x1.5x
Tue, 30 Apr 2024NOK 382.5bNOK 254.4bNOK 13.2b32.3x28.9x1.5x
Thu, 28 Mar 2024NOK 397.8bNOK 253.6bNOK 13.4b32.3x29.7x1.6x
Sat, 24 Feb 2024NOK 378.0bNOK 247.4bNOK 12.4b26.9x30.5x1.5x
Mon, 22 Jan 2024NOK 377.9bNOK 251.6bNOK 9.6b48.4x39.4x1.5x
Wed, 20 Dec 2023NOK 353.9bNOK 250.5bNOK 9.5b47x37.1x1.4x
Fri, 17 Nov 2023NOK 363.6bNOK 253.5bNOK 11.8b39.3x30.9x1.4x
Sun, 15 Oct 2023NOK 365.6bNOK 246.3bNOK 10.9b36.9x33.6x1.5x
Tue, 12 Sep 2023NOK 372.0bNOK 245.9bNOK 10.9b36.8x34.1x1.5x
Thu, 10 Aug 2023NOK 355.1bNOK 239.6bNOK 26.8b13.5x13.2x1.5x
Sat, 08 Jul 2023NOK 340.9bNOK 239.3bNOK 27.3b14.7x12.5x1.4x
Mon, 05 Jun 2023NOK 377.5bNOK 240.7bNOK 27.6b15.1x13.7x1.6x
Wed, 03 May 2023NOK 388.0bNOK 229.2bNOK 26.2b15.2x14.8x1.7x
Fri, 31 Mar 2023NOK 364.0bNOK 225.3bNOK 25.2b18.1x14.5x1.6x
Sun, 26 Feb 2023NOK 342.0bNOK 222.6bNOK 25.0b16.8x13.7x1.5x
Tue, 24 Jan 2023NOK 359.1bNOK 212.7bNOK 26.2b15.5x13.7x1.7x
Thu, 22 Dec 2022NOK 345.3bNOK 211.4bNOK 26.0b14.2x13.3x1.6x
Sat, 19 Nov 2022NOK 314.5bNOK 209.2bNOK 25.9b13x12.1x1.5x
Price to Earnings Ratio

12.1x


Total Market Cap: NOK 314.5bTotal Earnings: NOK 25.9bTotal Revenue: NOK 209.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 28.7x202320242025
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 52.3x which is higher than its 3-year average PE of 28.7x.
  • 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 33% 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 Market0.80%
Consumer Staples0.56%
Food0.57%
Packaged Foods and Meats0.57%
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 28.7x.
    • Analysts are expecting annual earnings growth of 41.0%, which is higher than its past year's earnings decline of 21.9% 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 28.7x.
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 22% 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
SALM SalMarNOK 584.002.0%
+NOK 1.6b		7.9%PE68.6x
ORK OrklaNOK 103.500.9%
+NOK 897.7m		4.8%PE17.3x
MAS MåsøvalNOK 24.901.6%
+NOK 49.0m		-12.6%PS1.2x
AFISH Arctic Fish HoldingNOK 32.602.5%
+NOK 36.0m		-51.7%PS1.4x
KING KingfishNOK 4.584.6%
+NOK 28.5m		-21.0%PS1.8x

Latest News

SALM
NOK 584.00
SalMar
7D
2.0%
1Y
7.9%
AUSS
NOK 88.70
Austevoll Seafood
7D
-3.5%
1Y
-9.4%
SALME
NOK 4.98
Salmon Evolution
7D
-4.1%
1Y
-28.0%
MOWI
NOK 225.00
Mowi
7D
-0.4%
1Y
15.1%
BAKKA
NOK 497.80
P/F Bakkafrost
7D
-0.5%
1Y
-22.8%

Earnings Update: P/F Bakkafrost (OB:BAKKA) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Nov 07
Earnings Update: P/F Bakkafrost (OB:BAKKA) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
AFISH
NOK 32.60
Arctic Fish Holding
7D
2.5%
1Y
-51.7%
LSG
NOK 46.30
Lerøy Seafood Group
7D
-1.0%
1Y
-9.5%

These 4 Measures Indicate That Lerøy Seafood Group (OB:LSG) Is Using Debt Extensively

Nov 02
These 4 Measures Indicate That Lerøy Seafood Group (OB:LSG) Is Using Debt Extensively
AKBM
NOK 83.80
Aker BioMarine
7D
0.2%
1Y
67.9%
GSF
NOK 66.35
Grieg Seafood
7D
-1.5%
1Y
4.4%

Growth Investors: Industry Analysts Just Upgraded Their Grieg Seafood ASA (OB:GSF) Revenue Forecasts By 16%

Oct 30
Growth Investors: Industry Analysts Just Upgraded Their Grieg Seafood ASA (OB:GSF) Revenue Forecasts By 16%
MAS
NOK 24.90
Måsøval
7D
1.6%
1Y
-12.6%
PROXI
NOK 0.72
Proximar Seafood
7D
4.1%
1Y
-79.5%
ISLAX
NOK 84.60
Icelandic Salmon
7D
-6.0%
1Y
-31.8%
ORK
NOK 103.50
Orkla
7D
0.9%
1Y
4.8%

These 4 Measures Indicate That Orkla (OB:ORK) Is Using Debt Reasonably Well

Oct 10
These 4 Measures Indicate That Orkla (OB:ORK) Is Using Debt Reasonably Well
NCOD
NOK 13.50
Norcod
7D
-7.5%
1Y
-32.3%

Optimistic Investors Push Norcod AS (OB:NCOD) Shares Up 59% But Growth Is Lacking

Oct 09
Optimistic Investors Push Norcod AS (OB:NCOD) Shares Up 59% But Growth Is Lacking
KING
NOK 4.58
Kingfish
7D
4.6%
1Y
-21.0%