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Norwegian (OSEAX) Packaged Foods and Meats Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies26
  • 7D-2.4%
  • 3M-4.1%
  • 1Y-5.2%
  • YTDn/a

Over the last 7 days, the Packaged Foods and Meats industry has dropped 1.1%, driven by pullbacks in Mowi and SalMar of 3.7% and 5.3%, respectively. Meanwhile, Kingfish actually outperformed within the industry, gaining 96% in the last week. Overall the industry is down 4.1% in 12 months. 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
Thu, 20 Aug 2026NOK 380.8bNOK 266.4bNOK 14.0b17.9x27.1x1.4x
Sat, 18 Jul 2026NOK 379.1bNOK 265.0bNOK 16.4b21.4x23.1x1.4x
Mon, 15 Jun 2026NOK 374.4bNOK 264.8bNOK 16.4b20.2x22.9x1.4x
Wed, 13 May 2026NOK 388.8bNOK 258.9bNOK 12.5b40.3x31.2x1.5x
Fri, 10 Apr 2026NOK 434.8bNOK 260.7bNOK 12.9b42.5x33.6x1.7x
Sun, 08 Mar 2026NOK 433.9bNOK 260.9bNOK 12.9b46.7x33.7x1.7x
Tue, 03 Feb 2026NOK 417.6bNOK 264.7bNOK 8.8b25.6x47.7x1.6x
Thu, 01 Jan 2026NOK 443.5bNOK 267.6bNOK 8.8b27.3x50.2x1.7x
Sat, 29 Nov 2025NOK 418.6bNOK 266.5bNOK 8.7b21.4x47.9x1.6x
Mon, 27 Oct 2025NOK 422.5bNOK 262.4bNOK 6.8b26.9x61.7x1.6x
Wed, 24 Sep 2025NOK 408.0bNOK 262.6bNOK 7.0b26.1x58.5x1.6x
Fri, 22 Aug 2025NOK 401.0bNOK 262.2bNOK 9.0b23.2x44.8x1.5x
Sun, 20 Jul 2025NOK 372.6bNOK 260.0bNOK 9.8b22.4x38x1.4x
Tue, 17 Jun 2025NOK 375.8bNOK 257.0bNOK 10.2b21.6x36.8x1.5x
Thu, 15 May 2025NOK 386.5bNOK 257.0bNOK 15.4b20.2x25.1x1.5x
Sat, 12 Apr 2025NOK 386.6bNOK 260.3bNOK 15.5b20x24.9x1.5x
Mon, 10 Mar 2025NOK 403.4bNOK 258.4bNOK 15.4b20.5x26.1x1.6x
Wed, 05 Feb 2025NOK 421.7bNOK 256.5bNOK 16.3b22.8x25.9x1.6x
Fri, 03 Jan 2025NOK 397.8bNOK 256.5bNOK 16.3b21.2x24.5x1.6x
Sun, 01 Dec 2024NOK 408.3bNOK 255.9bNOK 16.4b21.9x25x1.6x
Tue, 29 Oct 2024NOK 409.4bNOK 258.2bNOK 17.5b18.6x23.4x1.6x
Thu, 26 Sep 2024NOK 377.5bNOK 257.0bNOK 17.7b16.9x21.3x1.5x
Sat, 24 Aug 2024NOK 387.2bNOK 255.7bNOK 14.5b21.2x26.6x1.5x
Mon, 22 Jul 2024NOK 376.3bNOK 256.9bNOK 10.7b35.3x35.3x1.5x
Wed, 19 Jun 2024NOK 386.5bNOK 253.3bNOK 10.1b40.6x38.1x1.5x
Fri, 17 May 2024NOK 399.6bNOK 254.2bNOK 11.0b37.9x36.2x1.6x
Sun, 14 Apr 2024NOK 389.1bNOK 253.2bNOK 13.3b30.7x29.2x1.5x
Tue, 12 Mar 2024NOK 392.2bNOK 250.2bNOK 13.2b35.9x29.8x1.6x
Thu, 08 Feb 2024NOK 365.6bNOK 245.0bNOK 9.4b57.7x38.9x1.5x
Sat, 06 Jan 2024NOK 366.9bNOK 250.5bNOK 9.5b47.3x38.4x1.5x
Mon, 04 Dec 2023NOK 370.7bNOK 252.9bNOK 9.6b49.1x38.5x1.5x
Wed, 01 Nov 2023NOK 355.4bNOK 250.5bNOK 11.1b36.4x32.2x1.4x
Fri, 29 Sep 2023NOK 365.8bNOK 245.1bNOK 10.8b36.6x33.7x1.5x
Sun, 27 Aug 2023NOK 363.6bNOK 246.7bNOK 11.4b25.9x31.9x1.5x
Price to Earnings Ratio

31.9x


Total Market Cap: NOK 363.6bTotal Earnings: NOK 11.4bTotal Revenue: NOK 246.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Packaged Foods and Meats Industry Price to Earnings3Y Average 34.1x202420252026
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 23.4x which is lower than its 3-year average PE of 34.1x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% 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 and as a result, profits have held steady.

Industry Comparison

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

NO Market0.97%
Consumer Staples-2.44%
Food-2.44%
Packaged Foods and Meats-2.44%
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
KING KingfishNOK 2.7095.7%
+NOK 1.2b		-49.1%PS6.2x
AKBM Aker BioMarineNOK 121.601.3%
+NOK 140.3m		48.5%PS5x
AFISH Arctic Fish HoldingNOK 25.601.6%
+NOK 18.0m		-17.4%PS0.8x
KLDVK KaldvikNOK 5.301.9%
+NOK 16.8m		-60.7%PS0.9x
PROXI Proximar SeafoodNOK 0.476.1%
+NOK 14.1m		-58.9%PS2.3x

Latest News

GIGA
NOK 5.34
Gigante Salmon
7D
-20.3%
1Y
-36.1%
MOWI
NOK 198.30
Mowi
7D
-3.7%
1Y
-3.1%
AFISH
NOK 25.60
Arctic Fish Holding
7D
1.6%
1Y
-17.4%
LSG
NOK 41.00
Lerøy Seafood Group
7D
-3.8%
1Y
-16.7%
AUSS
NOK 83.30
Austevoll Seafood
7D
-5.0%
1Y
-12.8%
PROXI
NOK 0.47
Proximar Seafood
7D
6.1%
1Y
-58.9%
SALM
NOK 510.00
SalMar
7D
-5.3%
1Y
7.9%
Narrative Update • Aug 13

SALM: Higher Food Costs And Rich Pricing Will Likely Contain Upside Potential

Analysts have trimmed their outlook on SalMar, with the consensus price target moving from about NOK 506 to NOK 480, citing higher food costs and a valuation they consider rich at current levels. Analyst Commentary Recent research on SalMar reflects a more cautious tone, with bearish analysts highlighting both valuation concerns and cost pressures.
BAKKA
NOK 472.00
P/F Bakkafrost
7D
-1.4%
1Y
9.9%
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.
ASA
NOK 0.94
Atlantic Sapphire
7D
10.1%
1Y
-89.9%
GSF
NOK 29.22
Grieg Seafood
7D
-2.9%
1Y
-58.3%
KING
NOK 2.70
Kingfish
7D
95.7%
1Y
-49.1%
AKBM
NOK 121.60
Aker BioMarine
7D
1.3%
1Y
48.5%
ANDF
NOK 29.90
Andfjord Salmon Group
7D
-2.3%
1Y
0.3%
Narrative Update • Jul 10

ANDF: Post Smolt Partnership And Capital Raise Will Drive Future Upside

Analysts have reset their price target on Andfjord Salmon Group to NOK 35.00 from NOK 43.00, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. What’s in the News for Andfjord Salmon Group Completed its first post-smolt sale to regional fish farmer Eidsfjord Sjøfarm, transferring about 450,000 salmon from the K1 pool at Kvalnes to ocean net pens in the Vesterålen region as part of a post-smolt partnership.
KLDVK
NOK 5.30
Kaldvik
7D
1.9%
1Y
-60.7%