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Norwegian (OSEAX) Food Industry Analysis

UpdatedAug 31, 2026
DataAggregated Company Financials
Companies26
  • 7D2.8%
  • 3M3.9%
  • 1Y-3.0%
  • YTD-12.0%

In the last week, the Food industry is up 2.8%, with SalMar up 9.2%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 01 Sep 2026NOK 393.8bNOK 264.7bNOK 14.3b24.1x27.5x1.5x
Thu, 30 Jul 2026NOK 384.5bNOK 264.9bNOK 16.4b21.5x23.5x1.5x
Sat, 27 Jun 2026NOK 374.4bNOK 267.1bNOK 16.6b19.2x22.5x1.4x
Mon, 25 May 2026NOK 397.9bNOK 262.6bNOK 16.5b24.5x24.1x1.5x
Wed, 22 Apr 2026NOK 409.5bNOK 259.8bNOK 12.9b42.5x31.7x1.6x
Fri, 20 Mar 2026NOK 416.8bNOK 259.7bNOK 12.8b43.4x32.6x1.6x
Sun, 15 Feb 2026NOK 441.8bNOK 264.7bNOK 12.5b20.1x35.3x1.7x
Tue, 13 Jan 2026NOK 427.7bNOK 267.0bNOK 8.8b26.3x48.6x1.6x
Thu, 11 Dec 2025NOK 427.6bNOK 267.4bNOK 8.8b26.6x48.4x1.6x
Sat, 08 Nov 2025NOK 407.2bNOK 264.6bNOK 7.9b23.1x51.7x1.5x
Mon, 06 Oct 2025NOK 402.4bNOK 262.6bNOK 6.9b25.5x58.6x1.5x
Wed, 03 Sep 2025NOK 393.7bNOK 262.6bNOK 7.0b24.3x56.2x1.5x
Fri, 01 Aug 2025NOK 374.0bNOK 260.2bNOK 9.9b22.1x37.8x1.4x
Sun, 29 Jun 2025NOK 377.4bNOK 259.5bNOK 10.3b21.5x36.7x1.5x
Tue, 27 May 2025NOK 388.3bNOK 257.1bNOK 10.2b22.2x38.1x1.5x
Thu, 24 Apr 2025NOK 405.0bNOK 259.2bNOK 15.1b21.8x26.8x1.6x
Sat, 22 Mar 2025NOK 407.8bNOK 255.8bNOK 15.3b21.4x26.6x1.6x
Mon, 17 Feb 2025NOK 434.2bNOK 257.0bNOK 17.0b21.1x25.5x1.7x
Wed, 15 Jan 2025NOK 394.4bNOK 256.9bNOK 16.3b21.1x24.2x1.5x
Fri, 13 Dec 2024NOK 419.5bNOK 256.0bNOK 16.3b22.7x25.7x1.6x
Sun, 10 Nov 2024NOK 399.7bNOK 258.9bNOK 16.2b19.9x24.7x1.5x
Tue, 08 Oct 2024NOK 390.9bNOK 256.3bNOK 17.6b17.8x22.2x1.5x
Thu, 05 Sep 2024NOK 380.6bNOK 257.2bNOK 17.8b17.1x21.4x1.5x
Sat, 03 Aug 2024NOK 383.7bNOK 257.3bNOK 10.7b39x35.9x1.5x
Mon, 01 Jul 2024NOK 367.1bNOK 253.7bNOK 9.9b35.7x37.1x1.4x
Wed, 29 May 2024NOK 390.3bNOK 253.6bNOK 10.3b41x37.9x1.5x
Fri, 26 Apr 2024NOK 378.3bNOK 254.2bNOK 13.1b31.9x28.8x1.5x
Sun, 24 Mar 2024NOK 398.8bNOK 253.2bNOK 13.1b33.5x30.5x1.6x
Tue, 20 Feb 2024NOK 373.0bNOK 247.0bNOK 11.4b41.2x32.9x1.5x
Thu, 18 Jan 2024NOK 366.8bNOK 251.7bNOK 9.6b47.2x38.2x1.5x
Sat, 16 Dec 2023NOK 352.4bNOK 251.4bNOK 9.6b49.5x36.8x1.4x
Mon, 13 Nov 2023NOK 366.9bNOK 255.1bNOK 11.4b36.3x32.3x1.4x
Wed, 11 Oct 2023NOK 364.4bNOK 246.0bNOK 10.9b36.9x33.5x1.5x
Fri, 08 Sep 2023NOK 366.4bNOK 246.0bNOK 10.9b36.2x33.5x1.5x
Price to Earnings Ratio

33.5x


Total Market Cap: NOK 366.4bTotal Earnings: NOK 10.9bTotal Revenue: NOK 246.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 34.1x202420252026
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 27.5x 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 9.4% per year over the last three years.
  • Revenues for these companies have grown 2.4% 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 Market-0.034%
Consumer Staples2.78%
Food2.78%
Packaged Foods and Meats2.78%
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 29.8%, 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 569.007.4%
+NOK 5.3b		10.5%PE35.2x
LSG Lerøy Seafood GroupNOK 45.383.7%
+NOK 952.8m		-7.1%PE38x
AKBM Aker BioMarineNOK 132.007.8%
+NOK 842.0m		46.7%PS5.4x
AUSS Austevoll SeafoodNOK 88.701.8%
+NOK 322.9m		-5.2%PE23.7x
DELIA Dellia GroupNOK 24.0028.1%
+NOK 226.5m		n/aPE20.8x

Latest News

BAKKA
NOK 456.00
P/F Bakkafrost
7D
-5.7%
1Y
4.5%
BARRA
NOK 0.54
Barramundi Group
7D
-19.4%
1Y
-24.2%
ISLAX
NOK 61.50
Icelandic Salmon
7D
-5.4%
1Y
-30.1%
NCOD
NOK 13.00
Norcod
7D
21.5%
1Y
0.4%
KLDVK
NOK 6.40
Kaldvik
7D
12.3%
1Y
-50.0%
GSF
NOK 29.00
Grieg Seafood
7D
-2.5%
1Y
-58.6%
DELIA
NOK 24.00
Dellia Group
7D
28.1%
1Y
n/a
New Narrative • Aug 28

Healthy Snacking Shift And European Expansion Will Support Long Term Earnings Quality

Catalysts About Dellia Group Dellia Group produces and markets branded dried fruit and snacking products across the Nordics, Europe and selected international markets. What are the underlying business or industry changes driving this perspective?
SALM
NOK 569.00
SalMar
7D
7.4%
1Y
10.5%
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...
NOAP
NOK 88.40
Nordic Aqua Partners
7D
9.1%
1Y
3.5%
KING
NOK 0.99
Kingfish
7D
-13.2%
1Y
-80.8%
AFISH
NOK 25.00
Arctic Fish Holding
7D
-6.0%
1Y
-20.9%
LSG
NOK 45.38
Lerøy Seafood Group
7D
3.7%
1Y
-7.1%
ORK
NOK 95.45
Orkla
7D
-1.7%
1Y
-15.0%
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 3.85
Salmon Evolution
7D
-1.8%
1Y
-26.1%
AUSS
NOK 88.70
Austevoll Seafood
7D
1.8%
1Y
-5.2%
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?
AKBM
NOK 132.00
Aker BioMarine
7D
7.8%
1Y
46.7%