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Norwegian (OSEAX) Food Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies25
  • 7D0.1%
  • 3M2.1%
  • 1Y-3.3%
  • YTD-13.4%

Last week, the Food industry hasn't moved much but SalMar is up 5.4% in that time. Unfortunately though, the industry is down 3.3% over the past 12 months. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026NOK 387.2bNOK 264.3bNOK 16.1b23.2x24.1x1.5x
Fri, 31 Jul 2026NOK 386.1bNOK 264.7bNOK 16.4b21.9x23.6x1.5x
Sun, 28 Jun 2026NOK 375.4bNOK 267.1bNOK 16.6b19.2x22.6x1.4x
Tue, 26 May 2026NOK 397.9bNOK 262.6bNOK 16.5b24.5x24.1x1.5x
Thu, 23 Apr 2026NOK 406.6bNOK 259.2bNOK 12.9b42.2x31.6x1.6x
Sat, 21 Mar 2026NOK 413.4bNOK 260.3bNOK 12.8b42.2x32.2x1.6x
Mon, 16 Feb 2026NOK 441.8bNOK 264.7bNOK 12.5b20.1x35.3x1.7x
Wed, 14 Jan 2026NOK 425.4bNOK 267.0bNOK 8.8b26.1x48.4x1.6x
Fri, 12 Dec 2025NOK 427.7bNOK 267.6bNOK 8.9b26.4x48.3x1.6x
Sun, 09 Nov 2025NOK 407.2bNOK 264.5bNOK 7.9b23.2x51.8x1.5x
Tue, 07 Oct 2025NOK 401.9bNOK 262.2bNOK 6.9b25.5x58.6x1.5x
Thu, 04 Sep 2025NOK 394.2bNOK 262.8bNOK 7.0b24.2x56.2x1.5x
Sat, 02 Aug 2025NOK 371.2bNOK 260.7bNOK 9.9b21.8x37.4x1.4x
Mon, 30 Jun 2025NOK 377.4bNOK 259.5bNOK 10.3b21.5x36.7x1.5x
Wed, 28 May 2025NOK 390.5bNOK 257.2bNOK 10.2b22.3x38.3x1.5x
Fri, 25 Apr 2025NOK 403.7bNOK 258.6bNOK 15.1b21.8x26.8x1.6x
Sun, 23 Mar 2025NOK 407.8bNOK 255.8bNOK 15.3b21.4x26.6x1.6x
Tue, 18 Feb 2025NOK 430.5bNOK 256.6bNOK 17.1b21x25.1x1.7x
Thu, 16 Jan 2025NOK 401.4bNOK 256.4bNOK 16.3b21.7x24.7x1.6x
Sat, 14 Dec 2024NOK 419.7bNOK 256.1bNOK 16.4b22.6x25.7x1.6x
Mon, 11 Nov 2024NOK 399.7bNOK 258.9bNOK 16.2b19.9x24.7x1.5x
Wed, 09 Oct 2024NOK 386.9bNOK 256.8bNOK 17.7b17.5x21.9x1.5x
Fri, 06 Sep 2024NOK 383.6bNOK 257.3bNOK 17.8b17.2x21.5x1.5x
Sun, 04 Aug 2024NOK 383.7bNOK 257.3bNOK 10.7b39x35.9x1.5x
Tue, 02 Jul 2024NOK 364.6bNOK 253.7bNOK 9.9b36.3x36.8x1.4x
Thu, 30 May 2024NOK 385.8bNOK 253.8bNOK 10.2b40x37.9x1.5x
Sat, 27 Apr 2024NOK 381.1bNOK 254.5bNOK 13.2b32.1x28.8x1.5x
Mon, 25 Mar 2024NOK 398.9bNOK 253.2bNOK 13.1b33.5x30.5x1.6x
Wed, 21 Feb 2024NOK 376.0bNOK 247.3bNOK 11.4b40.3x33.1x1.5x
Fri, 19 Jan 2024NOK 372.4bNOK 251.8bNOK 9.6b47.5x38.8x1.5x
Sun, 17 Dec 2023NOK 352.4bNOK 251.4bNOK 9.6b49.5x36.8x1.4x
Tue, 14 Nov 2023NOK 366.3bNOK 254.8bNOK 11.4b36.2x32.2x1.4x
Thu, 12 Oct 2023NOK 366.9bNOK 246.5bNOK 10.9b36.9x33.6x1.5x
Sat, 09 Sep 2023NOK 368.5bNOK 245.7bNOK 10.9b36.5x33.8x1.5x
Price to Earnings Ratio

33.8x


Total Market Cap: NOK 368.5bTotal Earnings: NOK 10.9bTotal Revenue: NOK 245.7bTotal 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 24.1x 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 Food industry have grown 14% 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 Market1.04%
Consumer Staples0.11%
Food0.11%
Packaged Foods and Meats0.11%
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 34.1x.
    • Analysts are expecting annual earnings growth of 30.7%, 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 34.1x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 31% 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 31% 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 573.505.4%
+NOK 4.0b		13.1%PE35.5x
LSG Lerøy Seafood GroupNOK 45.221.7%
+NOK 440.7m		-4.6%PE37.9x
AKBM Aker BioMarineNOK 128.403.7%
+NOK 403.4m		44.3%PS5.3x
DELIA Dellia GroupNOK 23.2020.5%
+NOK 169.7m		n/aPE20.1x
NCOD NorcodNOK 12.9018.3%
+NOK 157.7m		-4.1%PS4.1x

Latest News

DELIA
NOK 23.20
Dellia Group
7D
20.5%
1Y
n/a
Analysis Article • Sep 01

Results: Dellia Group ASA Exceeded Expectations And The Consensus Has Updated Its Estimates

The investors in Dellia Group ASA 's ( OB:DELIA ) will be rubbing their hands together with glee today, after the share...
BAKKA
NOK 463.60
P/F Bakkafrost
7D
-6.0%
1Y
7.6%
ANDF
NOK 28.60
Andfjord Salmon Group
7D
-2.4%
1Y
-18.1%
NOHAL
NOK 28.40
Nordic Halibut
7D
1.4%
1Y
46.4%
Analysis Article • Aug 30

Analysts Have Lowered Expectations For Nordic Halibut AS (OB:NOHAL) After Its Latest Results

A week ago, Nordic Halibut AS ( OB:NOHAL ) came out with a strong set of quarterly numbers that could potentially lead...
NCOD
NOK 12.90
Norcod
7D
18.3%
1Y
-4.1%
GSF
NOK 28.98
Grieg Seafood
7D
-2.0%
1Y
-57.5%
SALM
NOK 573.50
SalMar
7D
5.4%
1Y
13.1%
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 87.80
Nordic Aqua Partners
7D
6.6%
1Y
0.7%
KING
NOK 1.00
Kingfish
7D
-12.3%
1Y
-81.8%
AFISH
NOK 25.00
Arctic Fish Holding
7D
-6.0%
1Y
-20.9%
MOWI
NOK 203.80
Mowi
7D
-1.9%
1Y
0.5%
LSG
NOK 45.22
Lerøy Seafood Group
7D
1.7%
1Y
-4.6%
ORK
NOK 95.60
Orkla
7D
-0.5%
1Y
-14.1%
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.
AUSS
NOK 87.70
Austevoll Seafood
7D
-1.0%
1Y
-3.8%
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 4.98
Gigante Salmon
7D
2.7%
1Y
-41.3%
AKBM
NOK 128.40
Aker BioMarine
7D
3.7%
1Y
44.3%