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Norwegian (OSEAX) Food Industry Analysis

UpdatedAug 29, 2026
DataAggregated Company Financials
Companies26
  • 7D3.1%
  • 3M1.6%
  • 1Y-3.1%
  • YTD-12.0%

Over the last 7 days, the Food industry has risen 3.1%, driven by gains from SalMar of 9.9%. In the past year, the industry is down 3.1%. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Aug 2026NOK 393.8bNOK 264.7bNOK 14.1b21.5x27.9x1.5x
Mon, 27 Jul 2026NOK 377.2bNOK 264.1bNOK 16.3b21.3x23.2x1.4x
Wed, 24 Jun 2026NOK 376.3bNOK 265.9bNOK 16.5b20.3x22.8x1.4x
Fri, 22 May 2026NOK 397.4bNOK 261.3bNOK 15.5b22.6x25.7x1.5x
Sun, 19 Apr 2026NOK 422.4bNOK 260.3bNOK 12.9b43.6x32.7x1.6x
Tue, 17 Mar 2026NOK 428.5bNOK 261.0bNOK 12.9b46.4x33.3x1.6x
Thu, 12 Feb 2026NOK 436.4bNOK 264.8bNOK 8.9b27.1x49.3x1.6x
Sat, 10 Jan 2026NOK 426.1bNOK 267.0bNOK 8.8b26.2x48.4x1.6x
Mon, 08 Dec 2025NOK 426.8bNOK 267.1bNOK 8.8b26.8x48.3x1.6x
Wed, 05 Nov 2025NOK 408.2bNOK 263.0bNOK 6.8b25.5x59.7x1.6x
Fri, 03 Oct 2025NOK 398.3bNOK 262.8bNOK 6.9b25.1x58.1x1.5x
Sun, 31 Aug 2025NOK 399.7bNOK 261.9bNOK 7.4b22.9x54.1x1.5x
Tue, 29 Jul 2025NOK 377.2bNOK 260.3bNOK 9.9b22.2x38x1.4x
Thu, 26 Jun 2025NOK 373.5bNOK 259.5bNOK 10.3b21.3x36.4x1.4x
Sat, 24 May 2025NOK 387.0bNOK 257.0bNOK 10.2b22.1x38x1.5x
Mon, 21 Apr 2025NOK 397.1bNOK 259.2bNOK 15.4b21.3x25.7x1.5x
Wed, 19 Mar 2025NOK 404.8bNOK 256.8bNOK 15.4b21x26.3x1.6x
Fri, 14 Feb 2025NOK 429.1bNOK 257.8bNOK 16.8b22x25.6x1.7x
Sun, 12 Jan 2025NOK 394.6bNOK 257.1bNOK 16.3b20.8x24.2x1.5x
Tue, 10 Dec 2024NOK 410.7bNOK 256.3bNOK 16.4b22.2x25.1x1.6x
Thu, 07 Nov 2024NOK 398.9bNOK 258.6bNOK 16.7b19x23.8x1.5x
Sat, 05 Oct 2024NOK 392.5bNOK 256.4bNOK 17.6b18x22.3x1.5x
Mon, 02 Sep 2024NOK 383.5bNOK 256.6bNOK 17.8b17.6x21.6x1.5x
Wed, 31 Jul 2024NOK 388.3bNOK 256.7bNOK 10.6b35.4x36.5x1.5x
Fri, 28 Jun 2024NOK 367.6bNOK 253.8bNOK 9.7b35.5x38.1x1.4x
Sun, 26 May 2024NOK 391.9bNOK 254.1bNOK 10.3b39.1x37.9x1.5x
Tue, 23 Apr 2024NOK 366.9bNOK 254.1bNOK 13.1b30.3x28x1.4x
Thu, 21 Mar 2024NOK 397.7bNOK 251.0bNOK 13.2b36.9x30.1x1.6x
Sat, 17 Feb 2024NOK 373.8bNOK 247.1bNOK 11.4b39.7x32.9x1.5x
Mon, 15 Jan 2024NOK 367.9bNOK 250.5bNOK 9.5b48.3x38.6x1.5x
Wed, 13 Dec 2023NOK 365.7bNOK 254.6bNOK 9.7b49.4x37.7x1.4x
Fri, 10 Nov 2023NOK 370.6bNOK 252.8bNOK 11.4b36.8x32.4x1.5x
Sun, 08 Oct 2023NOK 360.3bNOK 246.7bNOK 10.9b36.5x33x1.5x
Tue, 05 Sep 2023NOK 368.6bNOK 246.1bNOK 10.9b36.7x33.7x1.5x
Price to Earnings Ratio

33.7x


Total Market Cap: NOK 368.6bTotal Earnings: NOK 10.9bTotal Revenue: NOK 246.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 34.2x202420252026
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 27.9x which is lower than its 3-year average PE of 34.2x.
  • 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 grown 8.9% per year over the last three years.
  • Revenues for these companies have grown 2.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Consumer Staples industry?

NO Market0.0021%
Consumer Staples3.14%
Food3.14%
Packaged Foods and Meats3.14%
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 34.2x.
    • Analysts are expecting annual earnings growth of 30.1%, which is lower than the prior year's growth of 86.0% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 34.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 30% over the next 5 years.
  • However this is lower than its past earnings growth rate of 86% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 30% 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 578.509.9%
+NOK 7.1b		12.4%PE35.8x
MOWI MowiNOK 209.002.8%
+NOK 3.0b		1.2%PE15.9x
LSG Lerøy Seafood GroupNOK 46.286.9%
+NOK 1.8b		-5.9%PE38.8x
AUSS Austevoll SeafoodNOK 90.605.0%
+NOK 867.8m		-2.8%PE24.2x
BAKKA P/F BakkafrostNOK 498.002.8%
+NOK 805.4m		14.2%PE24.1x

Latest News

ISLAX
NOK 58.00
Icelandic Salmon
7D
-4.1%
1Y
-35.6%
NCOD
NOK 13.15
Norcod
7D
20.6%
1Y
1.2%
KLDVK
NOK 6.50
Kaldvik
7D
14.0%
1Y
-51.1%
SALM
NOK 578.50
SalMar
7D
9.9%
1Y
12.4%
Analysis Article • Aug 28

Earnings Miss: SalMar ASA Missed EPS By 52% And Analysts Are Revising Their Forecasts

SalMar ASA ( OB:SALM ) missed earnings with its latest quarterly results, disappointing overly-optimistic forecasters...
KING
NOK 1.01
Kingfish
7D
-20.5%
1Y
-80.2%
AFISH
NOK 25.00
Arctic Fish Holding
7D
-3.8%
1Y
-23.3%
MOWI
NOK 209.00
Mowi
7D
2.8%
1Y
1.2%
LSG
NOK 46.28
Lerøy Seafood Group
7D
6.9%
1Y
-5.9%
ORK
NOK 95.20
Orkla
7D
-2.4%
1Y
-15.2%
Narrative Update • Aug 21

ORK: Share Buybacks And Margins Will Support Reappraisal Despite Downgrade

Analysts have trimmed their price target for Orkla to NOK 112 from NOK 115. This change reflects updated expectations that factor in weaker relative growth and margin prospects cited in recent research.
SALME
NOK 3.90
Salmon Evolution
7D
-0.6%
1Y
-26.1%
AUSS
NOK 90.60
Austevoll Seafood
7D
5.0%
1Y
-2.8%
New Narrative • Aug 20

Pelagic Strength And Salmon Volumes Will Support A Stronger Long-Term Outlook

Catalysts About Austevoll Seafood Austevoll Seafood is a diversified seafood company with operations in salmon farming, pelagic fisheries, whitefish and marine proteins and oils. What are the underlying business or industry changes driving this perspective?
GIGA
NOK 5.12
Gigante Salmon
7D
-1.9%
1Y
-38.8%
BAKKA
NOK 498.00
P/F Bakkafrost
7D
2.8%
1Y
14.2%
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 0.83
Atlantic Sapphire
7D
-2.4%
1Y
-91.3%
BARRA
NOK 0.65
Barramundi Group
7D
-5.8%
1Y
-22.4%
AKBM
NOK 128.60
Aker BioMarine
7D
3.5%
1Y
51.5%