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Norwegian (OSEAX) Packaged Foods and Meats Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies26
  • 7D-2.5%
  • 3M-16.6%
  • 1Y-6.2%
  • YTDn/a

Over the last 7 days, the Packaged Foods and Meats industry has dropped 2.5%, driven by a pullback from SalMar of 9.7%. The industry has fallen 6.2% in the last year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026NOK 366.0bNOK 266.6bNOK 16.6b18.2x22.1x1.4x
Tue, 02 Jun 2026NOK 388.0bNOK 263.1bNOK 16.6b22.4x23.4x1.5x
Thu, 30 Apr 2026NOK 399.7bNOK 259.3bNOK 12.9b39.2x31x1.5x
Sat, 28 Mar 2026NOK 418.5bNOK 261.4bNOK 12.9b41.6x32.4x1.6x
Mon, 23 Feb 2026NOK 447.4bNOK 264.3bNOK 12.5b20.1x35.9x1.7x
Wed, 21 Jan 2026NOK 414.5bNOK 266.6bNOK 8.8b25x47.1x1.6x
Fri, 19 Dec 2025NOK 436.5bNOK 268.1bNOK 8.8b26.7x49.4x1.6x
Sun, 16 Nov 2025NOK 410.0bNOK 264.7bNOK 8.3b23x49.2x1.5x
Tue, 14 Oct 2025NOK 411.8bNOK 262.7bNOK 6.8b26.2x60.2x1.6x
Thu, 11 Sep 2025NOK 407.6bNOK 262.2bNOK 7.0b25.6x58.6x1.6x
Sat, 09 Aug 2025NOK 389.1bNOK 261.4bNOK 10.0b22.6x39x1.5x
Mon, 07 Jul 2025NOK 379.5bNOK 259.7bNOK 10.3b21.4x36.8x1.5x
Wed, 04 Jun 2025NOK 378.0bNOK 257.6bNOK 10.2b21.8x37.1x1.5x
Fri, 02 May 2025NOK 395.7bNOK 257.9bNOK 15.2b21x26x1.5x
Sun, 30 Mar 2025NOK 392.3bNOK 255.5bNOK 15.2b20.5x25.8x1.5x
Tue, 25 Feb 2025NOK 417.3bNOK 256.8bNOK 14.7b20.3x28.4x1.6x
Thu, 23 Jan 2025NOK 409.6bNOK 257.0bNOK 16.3b22.3x25.1x1.6x
Sat, 21 Dec 2024NOK 393.3bNOK 257.6bNOK 16.3b20.8x24.1x1.5x
Mon, 18 Nov 2024NOK 398.3bNOK 258.8bNOK 16.9b20.3x23.6x1.5x
Wed, 16 Oct 2024NOK 408.2bNOK 257.5bNOK 17.5b18.6x23.4x1.6x
Fri, 13 Sep 2024NOK 385.7bNOK 257.6bNOK 17.7b17.2x21.8x1.5x
Sun, 11 Aug 2024NOK 389.9bNOK 256.3bNOK 10.6b36.7x36.7x1.5x
Tue, 09 Jul 2024NOK 368.2bNOK 254.0bNOK 9.9b36.2x37.1x1.4x
Thu, 06 Jun 2024NOK 381.3bNOK 254.2bNOK 10.2b40.4x37.3x1.5x
Sat, 04 May 2024NOK 383.3bNOK 253.7bNOK 13.2b30.9x29.1x1.5x
Mon, 01 Apr 2024NOK 398.6bNOK 253.8bNOK 13.4b32.3x29.7x1.6x
Wed, 28 Feb 2024NOK 376.3bNOK 247.6bNOK 12.4b26.4x30.4x1.5x
Fri, 26 Jan 2024NOK 365.5bNOK 250.9bNOK 9.5b47x38.3x1.5x
Sun, 24 Dec 2023NOK 343.8bNOK 250.3bNOK 9.5b46.8x36x1.4x
Tue, 21 Nov 2023NOK 363.4bNOK 253.3bNOK 9.7b48.1x37.6x1.4x
Thu, 19 Oct 2023NOK 361.3bNOK 247.4bNOK 10.9b36.3x33x1.5x
Sat, 16 Sep 2023NOK 380.5bNOK 245.8bNOK 10.9b37.7x34.9x1.5x
Mon, 14 Aug 2023NOK 357.8bNOK 240.8bNOK 27.0b13.4x13.3x1.5x
Wed, 12 Jul 2023NOK 345.2bNOK 237.8bNOK 27.1b14.8x12.8x1.5x
Price to Earnings Ratio

12.8x


Total Market Cap: NOK 345.2bTotal Earnings: NOK 27.1bTotal Revenue: NOK 237.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Packaged Foods and Meats Industry Price to Earnings3Y Average 33.7x202420252026
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 22.1x which is lower than its 3-year average PE of 33.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.9% 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 Market2.34%
Consumer Staples-2.50%
Food-2.50%
Packaged Foods and Meats-2.50%
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
ORK OrklaNOK 108.002.6%
+NOK 2.7b		0.4%PE16.6x
NOHAL Nordic HalibutNOK 24.002.6%
+NOK 32.1m		20.0%PS8.5x
KLDVK KaldvikNOK 5.153.8%
+NOK 32.0m		-63.5%PS0.8x
AFISH Arctic Fish HoldingNOK 27.202.3%
+NOK 27.0m		-38.7%PS1x
NOAP Nordic Aqua PartnersNOK 78.801.3%
+NOK 21.2m		0.3%PS9x

Latest News

MAS
NOK 33.70
Måsøval
7D
0.3%
1Y
52.5%
AFISH
NOK 27.20
Arctic Fish Holding
7D
2.3%
1Y
-38.7%
SALM
NOK 467.20
SalMar
7D
-9.7%
1Y
6.4%
ISLAX
NOK 63.00
Icelandic Salmon
7D
-5.3%
1Y
-36.9%
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.
MOWI
NOK 187.70
Mowi
7D
-2.2%
1Y
-3.2%
NOHAL
NOK 24.00
Nordic Halibut
7D
2.6%
1Y
20.0%
KING
NOK 0.85
Kingfish
7D
2.4%
1Y
-86.4%
ORK
NOK 108.00
Orkla
7D
2.6%
1Y
0.4%
Narrative Update • Jun 26

ORK: Bakery And Sauces Acquisitions Will Drive Long Term Upside

Analysts have lowered the Orkla price target from NOK 160.00 to NOK 150.00, reflecting updated assumptions for a higher discount rate, slightly softer revenue growth and margins, and a reduced future P/E multiple in the context of recent research that highlights weaker growth and margin expectations versus peers. What's in the News for Orkla Orkla Foods agreed to acquire Danish bakery company TC Brød.
AUSS
NOK 79.20
Austevoll Seafood
7D
-3.9%
1Y
-18.9%
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.
AKBM
NOK 97.60
Aker BioMarine
7D
-1.4%
1Y
53.5%
Narrative Update • Jun 23

AKBM: Higher Margin Contract Wins Will Support Stronger Future Upside

Analysts have slightly lowered their price target for Aker BioMarine to NOK 124.91, reflecting modestly revised assumptions around long term revenue growth, profit margins, and a somewhat lower future P/E multiple. What's in the News for Aker BioMarine Aker BioMarine ASA secured a new contract for the supply of Lysoveta, with a contract value of about US$4 million in 2026 and expectations for higher volumes in 2027, according to a client announcement.
LSG
NOK 39.30
Lerøy Seafood Group
7D
-3.2%
1Y
-19.0%
Narrative Update • Jun 18

LSG: Future Returns Will Depend On Margin Execution And Mixed Broker Views

The latest narrative update on Lerøy Seafood Group reflects a modest trim in the analyst price target to NOK 52.50 from NOK 53.13, as analysts balance mixed recent research views with slightly adjusted assumptions on fair value, margins and future P/E. Analyst Commentary Recent research on Lerøy Seafood Group points to a split view, with some bullish analysts becoming more positive on the stock while more cautious analysts have shifted to a less favorable stance.
BAKKA
NOK 408.60
P/F Bakkafrost
7D
-4.3%
1Y
-12.1%
Narrative Update • Jun 15

BAKKA: Future Cash Flows Will Rely On 2026 Production Execution

Analysts have nudged their fair value estimate for P/F Bakkafrost to NOK 505.27 from NOK 501.93, reflecting updated assumptions that include a higher discount rate, slightly lower revenue growth expectations, a higher profit margin, and a lower future P/E multiple. Analyst Commentary Recent Street research around P/F Bakkafrost highlights a more cautious tone, with at least one downgrade reflecting concerns that sit behind the updated fair value assumptions.
NOAP
NOK 78.80
Nordic Aqua Partners
7D
1.3%
1Y
0.3%
KLDVK
NOK 5.15
Kaldvik
7D
3.8%
1Y
-63.5%
ASA
NOK 1.46
Atlantic Sapphire
7D
58.4%
1Y
-83.8%