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Norwegian (OSEAX) Food Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies26
  • 7D0.2%
  • 3M-0.09%
  • 1Y-3.1%
  • YTD-14.0%

The Food industry has stayed flat over the last week. As for the longer term, the industry has declined 3.1% in the last year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026NOK 384.5bNOK 264.8bNOK 16.4b22.2x23.5x1.5x
Tue, 07 Jul 2026NOK 362.6bNOK 266.2bNOK 16.6b17.6x21.9x1.4x
Thu, 04 Jun 2026NOK 379.7bNOK 263.3bNOK 16.6b21.2x22.9x1.4x
Sat, 02 May 2026NOK 405.5bNOK 259.1bNOK 12.9b39.8x31.5x1.6x
Mon, 30 Mar 2026NOK 418.5bNOK 261.3bNOK 13.0b41.6x32.2x1.6x
Wed, 25 Feb 2026NOK 447.7bNOK 264.6bNOK 12.5b20.2x35.9x1.7x
Fri, 23 Jan 2026NOK 412.4bNOK 265.9bNOK 8.8b24.7x46.9x1.6x
Sun, 21 Dec 2025NOK 442.0bNOK 267.8bNOK 8.8b27.2x50.1x1.7x
Tue, 18 Nov 2025NOK 407.4bNOK 264.8bNOK 8.4b22.9x48.8x1.5x
Thu, 16 Oct 2025NOK 419.1bNOK 263.2bNOK 6.9b26.3x61.2x1.6x
Sat, 13 Sep 2025NOK 412.9bNOK 261.9bNOK 7.0b26.1x59.4x1.6x
Mon, 11 Aug 2025NOK 389.1bNOK 261.4bNOK 10.0b22.6x39x1.5x
Wed, 09 Jul 2025NOK 374.7bNOK 259.5bNOK 10.3b21.3x36.3x1.4x
Fri, 06 Jun 2025NOK 380.7bNOK 257.5bNOK 10.2b22x37.3x1.5x
Sun, 04 May 2025NOK 400.4bNOK 257.7bNOK 15.2b21.3x26.3x1.6x
Tue, 01 Apr 2025NOK 396.7bNOK 255.7bNOK 15.2b20.8x26.1x1.6x
Thu, 27 Feb 2025NOK 419.2bNOK 257.3bNOK 14.7b20.3x28.5x1.6x
Sat, 25 Jan 2025NOK 417.3bNOK 257.0bNOK 16.3b22.6x25.6x1.6x
Mon, 23 Dec 2024NOK 393.3bNOK 257.5bNOK 16.3b20.8x24.1x1.5x
Wed, 20 Nov 2024NOK 396.6bNOK 257.1bNOK 16.5b21.6x24x1.5x
Fri, 18 Oct 2024NOK 411.9bNOK 257.7bNOK 17.5b18.8x23.6x1.6x
Sun, 15 Sep 2024NOK 386.8bNOK 257.2bNOK 17.7b17.4x21.8x1.5x
Tue, 13 Aug 2024NOK 390.0bNOK 256.4bNOK 10.6b35.5x36.7x1.5x
Thu, 11 Jul 2024NOK 364.4bNOK 254.9bNOK 10.0b36.7x36.5x1.4x
Sat, 08 Jun 2024NOK 383.0bNOK 254.7bNOK 10.2b41.3x37.5x1.5x
Mon, 06 May 2024NOK 383.3bNOK 254.6bNOK 13.4b30.9x28.7x1.5x
Wed, 03 Apr 2024NOK 392.8bNOK 253.7bNOK 13.4b31.2x29.3x1.5x
Fri, 01 Mar 2024NOK 390.2bNOK 249.3bNOK 12.4b27.8x31.3x1.6x
Sun, 28 Jan 2024NOK 367.3bNOK 250.8bNOK 9.5b48.3x38.5x1.5x
Tue, 26 Dec 2023NOK 343.8bNOK 250.3bNOK 9.5b46.8x36x1.4x
Thu, 23 Nov 2023NOK 365.8bNOK 253.8bNOK 9.7b47.8x37.8x1.4x
Sat, 21 Oct 2023NOK 350.0bNOK 247.7bNOK 11.0b35.2x31.9x1.4x
Mon, 18 Sep 2023NOK 380.2bNOK 246.2bNOK 10.9b37.3x34.9x1.5x
Wed, 16 Aug 2023NOK 359.3bNOK 241.3bNOK 27.0b13.5x13.3x1.5x
Price to Earnings Ratio

13.3x


Total Market Cap: NOK 359.3bTotal Earnings: NOK 27.0bTotal Revenue: NOK 241.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 34x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.5x which is lower than its 3-year average PE of 34.0x.
  • 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 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.1% 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 Market0.25%
Consumer Staples0.24%
Food0.24%
Packaged Foods and Meats0.24%
Agricultural Products0%0
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 34.0x.
    • Analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings growth of 10.6% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 34.0x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 22% 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 523.501.6%
+NOK 1.1b		12.3%PE35.2x
BAKKA P/F BakkafrostNOK 463.402.4%
+NOK 639.6m		3.7%PE22.2x
AKBM Aker BioMarineNOK 115.805.3%
+NOK 508.7m		48.5%PS4.7x
AUSS Austevoll SeafoodNOK 86.401.6%
+NOK 282.6m		-12.9%PE18.6x
ISLAX Icelandic SalmonNOK 60.0011.1%
+NOK 185.8m		-38.0%PS2x

Latest News

GIGA
NOK 6.82
Gigante Salmon
7D
-2.3%
1Y
-19.4%
MOWI
NOK 199.50
Mowi
7D
-1.5%
1Y
-1.2%
Narrative Update • Aug 07

MOWI: Dividend Strength And Record Harvests Will Support Future Returns

The analyst price target for Mowi has been reduced from about NOK 238 to about NOK 231 as analysts factor in slightly lower revenue growth assumptions, a modestly higher discount rate, and recent target cuts across the Street, including moves from Berenberg, Pareto and Kepler Cheuvreux. Analyst Commentary Recent research on Mowi shows a mix of optimism around income potential and caution on valuation and execution.
BAKKA
NOK 463.40
P/F Bakkafrost
7D
2.4%
1Y
3.7%
Narrative Update • Aug 06

BAKKA: Future Returns Will Depend On 2026 Harvest And Feed Delivery

The latest analyst update on P/F Bakkafrost cuts the fair value estimate from NOK 505.27 to NOK 482.23 as analysts adjust their price target and modeling assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect a more balanced risk and return view following the recent move to Hold. Analyst Commentary Recent commentary around P/F Bakkafrost points to a more balanced stance, with analysts now framing the stock as fairly valued relative to its current execution and risk profile.
NOAP
NOK 81.00
Nordic Aqua Partners
7D
3.8%
1Y
1.3%
ORK
NOK 105.30
Orkla
7D
-0.09%
1Y
-4.5%
GSF
NOK 29.80
Grieg Seafood
7D
-1.3%
1Y
-58.2%
KING
NOK 1.21
Kingfish
7D
-8.3%
1Y
-77.8%
SALME
NOK 4.01
Salmon Evolution
7D
-1.0%
1Y
-26.1%
AKBM
NOK 115.80
Aker BioMarine
7D
5.3%
1Y
48.5%
AFISH
NOK 24.40
Arctic Fish Holding
7D
-9.6%
1Y
-34.1%
DELIA
NOK 28.95
Dellia Group
7D
4.9%
1Y
n/a
PROXI
NOK 0.43
Proximar Seafood
7D
-6.1%
1Y
-62.5%
SALM
NOK 523.50
SalMar
7D
1.6%
1Y
12.3%
ISLAX
NOK 60.00
Icelandic Salmon
7D
11.1%
1Y
-38.0%
Narrative Update • Jun 30

None

Analysts have lowered their fair value estimate for Icelandic Salmon from NOK 90 to NOK 70, citing updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple. What's in the News for Icelandic Salmon No recent company specific news for Icelandic Salmon has been provided in the available sources.
NOHAL
NOK 28.00
Nordic Halibut
7D
5.3%
1Y
37.3%
AUSS
NOK 86.40
Austevoll Seafood
7D
1.6%
1Y
-12.9%
Narrative Update • Jun 24

AUSS: Stable Governance And Margins Will Support Future Upside Potential

Analysts now hold Austevoll Seafood's fair value estimate steady at NOK 106. This reflects unchanged assumptions around discount rate, revenue growth, profit margin and future P/E while they reassess the balance of risks and opportunities around the stock.