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Norwegian (OSEAX) Packaged Foods and Meats Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies25
  • 7D4.6%
  • 3M-7.8%
  • 1Y2.0%
  • YTDn/a

SalMar is up 7.4%, leading the way for the Packaged Foods and Meats industry, which has gained 4.6%. Meanwhile, Gigante Salmon actually underperformed within the industry, shrinking 17% in the last week. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026NOK 406.6bNOK 260.9bNOK 15.0b26.2x27.1x1.6x
Sat, 18 Apr 2026NOK 422.4bNOK 260.3bNOK 12.9b43.6x32.7x1.6x
Mon, 16 Mar 2026NOK 428.5bNOK 261.0bNOK 12.9b46.4x33.3x1.6x
Wed, 11 Feb 2026NOK 431.0bNOK 264.7bNOK 8.9b26.4x48.4x1.6x
Fri, 09 Jan 2026NOK 428.5bNOK 267.1bNOK 8.8b26.4x48.7x1.6x
Sun, 07 Dec 2025NOK 426.8bNOK 267.1bNOK 8.8b26.8x48.3x1.6x
Tue, 04 Nov 2025NOK 406.6bNOK 262.6bNOK 6.8b25.6x59.4x1.5x
Thu, 02 Oct 2025NOK 406.6bNOK 262.3bNOK 6.9b25.8x59.3x1.6x
Sat, 30 Aug 2025NOK 399.7bNOK 261.8bNOK 7.4b22.9x53.8x1.5x
Mon, 28 Jul 2025NOK 378.1bNOK 261.1bNOK 10.0b22.1x38x1.4x
Wed, 25 Jun 2025NOK 373.1bNOK 259.1bNOK 10.3b21.3x36.4x1.4x
Fri, 23 May 2025NOK 384.4bNOK 257.0bNOK 10.3b25.5x37.2x1.5x
Sun, 20 Apr 2025NOK 397.1bNOK 259.2bNOK 15.4b21.3x25.7x1.5x
Tue, 18 Mar 2025NOK 402.2bNOK 256.6bNOK 15.4b21.1x26.2x1.6x
Thu, 13 Feb 2025NOK 419.0bNOK 256.6bNOK 16.3b22.5x25.7x1.6x
Sat, 11 Jan 2025NOK 394.7bNOK 257.1bNOK 16.3b20.8x24.2x1.5x
Mon, 09 Dec 2024NOK 412.5bNOK 256.7bNOK 16.4b22.2x25.2x1.6x
Wed, 06 Nov 2024NOK 397.6bNOK 259.2bNOK 16.8b18.9x23.7x1.5x
Fri, 04 Oct 2024NOK 388.3bNOK 256.5bNOK 17.7b17.7x22x1.5x
Sun, 01 Sep 2024NOK 383.5bNOK 256.6bNOK 17.8b17.6x21.6x1.5x
Tue, 30 Jul 2024NOK 384.5bNOK 257.1bNOK 10.7b35.5x36.1x1.5x
Thu, 27 Jun 2024NOK 372.1bNOK 253.8bNOK 9.7b35.5x38.5x1.5x
Sat, 25 May 2024NOK 391.9bNOK 253.9bNOK 10.3b39.1x38.2x1.5x
Mon, 22 Apr 2024NOK 366.9bNOK 254.1bNOK 13.1b30.3x28x1.4x
Wed, 20 Mar 2024NOK 393.2bNOK 251.2bNOK 13.2b36.4x29.7x1.6x
Fri, 16 Feb 2024NOK 362.3bNOK 245.5bNOK 9.7b57.3x37.2x1.5x
Sun, 14 Jan 2024NOK 367.9bNOK 250.5bNOK 9.5b48.3x38.6x1.5x
Tue, 12 Dec 2023NOK 365.8bNOK 254.2bNOK 9.7b48.5x37.8x1.4x
Thu, 09 Nov 2023NOK 362.1bNOK 251.9bNOK 11.0b36.1x32.8x1.4x
Sat, 07 Oct 2023NOK 360.3bNOK 246.8bNOK 10.9b36.5x33x1.5x
Mon, 04 Sep 2023NOK 368.9bNOK 246.3bNOK 10.9b36.3x33.7x1.5x
Wed, 02 Aug 2023NOK 359.9bNOK 239.5bNOK 26.8b13.5x13.4x1.5x
Fri, 30 Jun 2023NOK 345.3bNOK 240.2bNOK 27.5b14.7x12.6x1.4x
Sun, 28 May 2023NOK 380.9bNOK 241.2bNOK 27.8b15.6x13.7x1.6x
Price to Earnings Ratio

13.7x


Total Market Cap: NOK 380.9bTotal Earnings: NOK 27.8bTotal Revenue: NOK 241.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Packaged Foods and Meats Industry Price to Earnings3Y Average 33.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Packaged Foods and Meats 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 27.1x which is lower than its 3-year average PE of 33.3x.
  • 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 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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 Market3.21%
Consumer Staples4.56%
Food4.56%
Packaged Foods and Meats4.56%
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
MOWI MowiNOK 202.205.0%
+NOK 5.1b		3.7%PE11.7x
SALM SalMarNOK 574.505.2%
+NOK 3.9b		21.8%PE70.5x
BAKKA P/F BakkafrostNOK 462.4010.1%
+NOK 2.5b		-5.2%PE35.9x
LSG Lerøy Seafood GroupNOK 45.943.7%
+NOK 988.5m		-4.6%PE26.4x
AUSS Austevoll SeafoodNOK 93.102.6%
+NOK 484.4m		-6.1%PE20x

Latest News

BAKKA
NOK 462.40
P/F Bakkafrost
7D
10.1%
1Y
-5.2%
GIGA
NOK 7.50
Gigante Salmon
7D
-16.3%
1Y
-7.2%
ORK
NOK 107.70
Orkla
7D
-1.5%
1Y
-6.1%
SALME
NOK 4.60
Salmon Evolution
7D
2.4%
1Y
-24.7%
GSF
NOK 32.30
Grieg Seafood
7D
2.0%
1Y
-55.9%
New Narrative • May 18

Rogaland Focus And Large Post Smolt Strategy Will Transform Long Term Earnings Quality

Catalysts About Grieg Seafood Grieg Seafood is a salmon farming company with a focused farming and processing operation in Rogaland, Norway. What are the underlying business or industry changes driving this perspective?
MOWI
NOK 202.20
Mowi
7D
5.0%
1Y
3.7%
AFISH
NOK 29.60
Arctic Fish Holding
7D
3.5%
1Y
-42.5%
AUSS
NOK 93.10
Austevoll Seafood
7D
2.6%
1Y
-6.1%
LSG
NOK 45.94
Lerøy Seafood Group
7D
3.7%
1Y
-4.6%
ASA
NOK 1.95
Atlantic Sapphire
7D
-25.6%
1Y
-72.9%
AKBM
NOK 105.00
Aker BioMarine
7D
-1.3%
1Y
73.0%
KLDVK
NOK 3.30
Kaldvik
7D
-3.5%
1Y
-79.4%
ANDF
NOK 27.20
Andfjord Salmon Group
7D
-2.5%
1Y
-26.3%
SALM
NOK 574.50
SalMar
7D
5.2%
1Y
21.8%
Narrative Update • Apr 21

SALM: Higher Margins And Volume Execution Will Support Future Upside

Analysts have trimmed their fair value estimate for SalMar from NOK 680 to NOK 668, linking the change to updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple, even as some Street targets, such as Berenberg's recent NOK 30 increase, reflect differing views on the potential for upside. Analyst Commentary Recent Street commentary has focused on how updated assumptions around revenue, margins and valuation multiples feed into fair value and price targets for SalMar.
ISLAX
NOK 75.50
Icelandic Salmon
7D
-6.2%
1Y
-29.4%
NOHAL
NOK 23.40
Nordic Halibut
7D
-2.5%
1Y
18.2%