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Norwegian (OSEAX) Packaged Foods and Meats Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies25
  • 7D-1.6%
  • 3M-0.8%
  • 1Y4.0%
  • YTDn/a

Over the last 7 days, the Packaged Foods and Meats industry has dropped 1.1%, driven by a pullback from Orkla of 3.2%. In the past year, the industry has gained 5.3%. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

Has the Norwegian Packaged Foods and Meats Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026NOK 425.1bNOK 261.0bNOK 12.9b45.6x33x1.6x
Thu, 05 Feb 2026NOK 428.2bNOK 264.7bNOK 8.8b26.3x48.9x1.6x
Sat, 03 Jan 2026NOK 444.5bNOK 267.3bNOK 8.8b27.5x50.4x1.7x
Mon, 01 Dec 2025NOK 418.5bNOK 266.4bNOK 8.8b21.4x47.7x1.6x
Wed, 29 Oct 2025NOK 417.7bNOK 262.3bNOK 6.8b26.4x61x1.6x
Fri, 26 Sep 2025NOK 403.7bNOK 262.9bNOK 6.9b25.7x58.9x1.5x
Sun, 24 Aug 2025NOK 399.2bNOK 262.2bNOK 7.9b23.1x50.8x1.5x
Tue, 22 Jul 2025NOK 372.6bNOK 260.4bNOK 9.8b22.2x37.9x1.4x
Thu, 19 Jun 2025NOK 369.2bNOK 257.0bNOK 10.2b21.3x36.2x1.4x
Sat, 17 May 2025NOK 396.6bNOK 258.0bNOK 12.6b23x31.6x1.5x
Mon, 14 Apr 2025NOK 386.6bNOK 260.3bNOK 15.5b20.7x25x1.5x
Wed, 12 Mar 2025NOK 397.0bNOK 257.4bNOK 15.4b21.1x25.8x1.5x
Fri, 07 Feb 2025NOK 419.7bNOK 256.3bNOK 16.3b22.6x25.8x1.6x
Sun, 05 Jan 2025NOK 398.3bNOK 256.7bNOK 16.3b21.2x24.5x1.6x
Tue, 03 Dec 2024NOK 408.0bNOK 255.9bNOK 16.3b22x25x1.6x
Thu, 31 Oct 2024NOK 404.8bNOK 259.0bNOK 17.2b18.5x23.6x1.6x
Sat, 28 Sep 2024NOK 383.7bNOK 256.6bNOK 17.7b17.2x21.7x1.5x
Mon, 26 Aug 2024NOK 387.2bNOK 255.7bNOK 14.5b21.2x26.7x1.5x
Wed, 24 Jul 2024NOK 376.5bNOK 257.4bNOK 10.7b36x35.3x1.5x
Fri, 21 Jun 2024NOK 381.8bNOK 252.8bNOK 10.1b41.1x37.7x1.5x
Sun, 19 May 2024NOK 399.1bNOK 254.8bNOK 10.4b42x38.4x1.6x
Tue, 16 Apr 2024NOK 387.0bNOK 253.4bNOK 13.3b30.6x29x1.5x
Thu, 14 Mar 2024NOK 392.1bNOK 250.5bNOK 13.2b36.2x29.7x1.6x
Sat, 10 Feb 2024NOK 353.9bNOK 244.8bNOK 9.4b56.5x37.7x1.4x
Mon, 08 Jan 2024NOK 367.0bNOK 250.5bNOK 9.5b47.3x38.5x1.5x
Wed, 06 Dec 2023NOK 371.9bNOK 254.2bNOK 9.7b48.8x38.4x1.5x
Fri, 03 Nov 2023NOK 359.0bNOK 251.0bNOK 11.0b36.6x32.6x1.4x
Sun, 01 Oct 2023NOK 369.4bNOK 245.0bNOK 10.8b36.8x34.1x1.5x
Tue, 29 Aug 2023NOK 367.4bNOK 247.0bNOK 11.4b26.1x32.1x1.5x
Thu, 27 Jul 2023NOK 351.3bNOK 239.5bNOK 26.8b13.7x13.1x1.5x
Sat, 24 Jun 2023NOK 347.0bNOK 240.9bNOK 27.6b14.8x12.6x1.4x
Mon, 22 May 2023NOK 383.7bNOK 240.4bNOK 27.7b15.9x13.8x1.6x
Wed, 19 Apr 2023NOK 383.2bNOK 226.1bNOK 25.3b19.2x15.1x1.7x
Fri, 17 Mar 2023NOK 352.5bNOK 225.8bNOK 25.2b17.4x14x1.6x
Price to Earnings Ratio

14x


Total Market Cap: NOK 352.5bTotal Earnings: NOK 25.2bTotal Revenue: NOK 225.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Packaged Foods and Meats Industry Price to Earnings3Y Average 32.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Norwegian Packaged Foods and Meats 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 32.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.0% 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 Comparison

How does Norwegian Packaged Foods and Meats compare with similar industries?

NO Market-0.01%
Consumer Staples-1.64%
Food-1.64%
Packaged Foods and Meats-1.64%
Agricultural Products0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SALM SalMarNOK 557.002.4%
+NOK 1.8b		5.1%PE68.3x
MOWI MowiNOK 218.000.8%
+NOK 949.1m		8.9%PE14.3x
LSG Lerøy Seafood GroupNOK 50.103.2%
+NOK 928.9m		1.4%PE81.5x
AKBM Aker BioMarineNOK 108.409.8%
+NOK 850.7m		86.9%PS4.5x
AUSS Austevoll SeafoodNOK 101.802.9%
+NOK 585.3m		2.8%PE45.8x

Latest News

AUSS
NOK 101.80
Austevoll Seafood
7D
2.9%
1Y
2.8%
SALM
NOK 557.00
SalMar
7D
2.4%
1Y
5.1%

SALM: Dividend And Harvest Guidance Will Shape Fairly Valued Outlook

Analysts have kept their NOK price target for SalMar broadly unchanged at around NOK 600.8. This reflects steady assumptions on discount rate, revenue growth, profit margins and future P/E that support a consistent view of the company’s valuation. What's in the News SalMar kept its 2026 production guidance for Norway, Ocean and Iceland at 296,000 tonnes, with Scottish Sea Farms adjusted to 43,000 tonnes on a 100% basis (Corporate Guidance).
ISLAX
NOK 66.40
Icelandic Salmon
7D
4.7%
1Y
-37.4%
ANDF
NOK 28.90
Andfjord Salmon Group
7D
-4.6%
1Y
-18.4%
PROXI
NOK 0.60
Proximar Seafood
7D
-9.4%
1Y
-78.8%
MOWI
NOK 218.00
Mowi
7D
0.8%
1Y
8.9%
NOHAL
NOK 22.40
Nordic Halibut
7D
8.7%
1Y
14.9%
NOAP
NOK 76.60
Nordic Aqua Partners
7D
-2.8%
1Y
-8.8%
SALME
NOK 4.40
Salmon Evolution
7D
-1.5%
1Y
-27.0%
DELIA
NOK 414.50
Dellia Group
7D
4.8%
1Y
n/a
ORK
NOK 118.40
Orkla
7D
-4.9%
1Y
10.3%

ORK: Margin Execution And Refined P/E Assumptions Will Shape A Balanced Outlook

Analysts have slightly increased their fair value estimate for Orkla, raising the price target from NOK 122.0 to NOK 124.6. This adjustment reflects updated assumptions on future P/E and margins following recent research updates, which include a downgrade from Kepler Cheuvreux. Analyst Commentary Recent research has turned more cautious on Orkla, even as the fair value estimate has been adjusted to NOK 124.6. Here is how analysts are framing the risk and reward around that new target.
NCOD
NOK 10.30
Norcod
7D
-8.4%
1Y
-12.3%
GSF
NOK 71.20
Grieg Seafood
7D
-0.8%
1Y
42.3%
BAKKA
NOK 435.60
P/F Bakkafrost
7D
-0.6%
1Y
-18.5%

BAKKA: Fairly Valued View Will Emphasise Execution And Constructive Research Tone

The analyst price target for P/F Bakkafrost has edged down slightly to NOK 501.93 from NOK 503.32, with analysts pointing to updated assumptions around revenue growth, profit margins and future P/E, reflecting recent research that has become more constructive on the shares overall. Analyst Commentary Recent research on P/F Bakkafrost has become more constructive overall, even as the average price target has been adjusted slightly.
LSG
NOK 50.10
Lerøy Seafood Group
7D
3.2%
1Y
1.4%

LSG: Future Returns Will Rely On Mixed Harvest Trends And P/E Expectations

Narrative Update on Lerøy Seafood Group The analyst price target for Lerøy Seafood Group has shifted slightly higher from NOK 51.71 to NOK 52.14, as analysts factor in mixed recent research views and updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research views on Lerøy Seafood Group reflect a mix of optimism and caution, which helps explain the modest move higher in the consensus price target to NOK 52.14.
AKBM
NOK 108.40
Aker BioMarine
7D
9.8%
1Y
86.9%