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Norwegian (OSEAX) Energy Sector Analysis

UpdatedAug 13, 2025
DataAggregated Company Financials
Companies55
  • 7D-1.3%
  • 3M4.8%
  • 1Y-12.0%
  • YTD-6.5%

Over the last 7 days, the Energy industry has dropped 1.3%, driven by Equinor declining 3.0%. Overall the industry is down 14% in 12 months. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Norwegian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 Aug 2025NOK 1.3tNOK 1.6tNOK 130.5b7.4x9.8x0.8x
Fri, 11 Jul 2025NOK 1.2tNOK 1.6tNOK 141.5b7.3x8.4x0.7x
Sun, 08 Jun 2025NOK 1.2tNOK 1.6tNOK 141.1b6.9x8.3x0.7x
Tue, 06 May 2025NOK 1.1tNOK 1.7tNOK 151.4b5.7x7.3x0.7x
Thu, 03 Apr 2025NOK 1.3tNOK 1.6tNOK 149.5b6.2x8.4x0.8x
Sat, 01 Mar 2025NOK 1.2tNOK 1.7tNOK 160.8b5.8x7.5x0.7x
Mon, 27 Jan 2025NOK 1.3tNOK 1.7tNOK 167.7b6.2x7.5x0.7x
Wed, 25 Dec 2024NOK 1.2tNOK 1.8tNOK 170.7b5.5x7x0.7x
Fri, 22 Nov 2024NOK 1.3tNOK 1.7tNOK 160.4b7x8x0.8x
Sun, 20 Oct 2024NOK 1.2tNOK 1.7tNOK 165.1b6.2x7.5x0.7x
Tue, 17 Sep 2024NOK 1.3tNOK 1.6tNOK 159.6b6.4x7.9x0.8x
Thu, 15 Aug 2024NOK 1.4tNOK 1.6tNOK 157.8b7x8.8x0.8x
Sat, 13 Jul 2024NOK 1.4tNOK 1.6tNOK 158.7b6.8x9x0.9x
Mon, 10 Jun 2024NOK 1.5tNOK 1.6tNOK 158.6b7.9x9.3x0.9x
Wed, 08 May 2024NOK 1.5tNOK 1.7tNOK 159.5b8.6x9.3x0.9x
Fri, 05 Apr 2024NOK 1.5tNOK 1.7tNOK 177.9b8.1x8.2x0.9x
Sun, 03 Mar 2024NOK 1.4tNOK 1.7tNOK 178.9b7.6x7.6x0.8x
Tue, 30 Jan 2024NOK 1.5tNOK 1.7tNOK 237.0b6.8x6.3x0.9x
Thu, 28 Dec 2023NOK 1.6tNOK 1.7tNOK 229.2b6.8x7x0.9x
Sat, 25 Nov 2023NOK 1.7tNOK 1.8tNOK 241.5b6.4x7x1x
Mon, 23 Oct 2023NOK 1.8tNOK 2.0tNOK 323.1b7.7x5.4x0.9x
Wed, 20 Sep 2023NOK 1.7tNOK 2.0tNOK 314.0b7.3x5.4x0.9x
Fri, 18 Aug 2023NOK 1.6tNOK 1.9tNOK 302.1b9.1x5.2x0.8x
Sun, 16 Jul 2023NOK 1.5tNOK 2.0tNOK 336.4b8.1x4.4x0.7x
Tue, 13 Jun 2023NOK 1.5tNOK 2.1tNOK 358.4b8.2x4.1x0.7x
Thu, 11 May 2023NOK 1.5tNOK 2.0tNOK 386.1b8.9x3.8x0.7x
Sat, 08 Apr 2023NOK 1.5tNOK 2.1tNOK 349.5b8.2x4.3x0.7x
Mon, 06 Mar 2023NOK 1.6tNOK 2.1tNOK 384.8b7.9x4.1x0.8x
Wed, 01 Feb 2023NOK 1.5tNOK 1.9tNOK 328.7b7.6x4.6x0.8x
Fri, 30 Dec 2022NOK 1.7tNOK 1.9tNOK 323.8b7.8x5.2x0.9x
Sun, 27 Nov 2022NOK 1.7tNOK 1.9tNOK 322.8b7.6x5.4x0.9x
Tue, 25 Oct 2022NOK 1.7tNOK 1.8tNOK 239.6b9x7.1x1x
Thu, 22 Sep 2022NOK 1.7tNOK 1.7tNOK 233.2b8.6x7.2x1x
Sat, 20 Aug 2022NOK 1.8tNOK 1.7tNOK 218.1b9.1x8.1x1.1x
Price to Earnings Ratio

8.1x


Total Market Cap: NOK 1.8tTotal Earnings: NOK 218.1bTotal Revenue: NOK 1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 6.8x202320242025
Current Industry PE
  • Investors are optimistic on the Norwegian Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.7x which is higher than its 3-year average PE of 6.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 16% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Norwegian Energy sector?

NO Market-0.16%
Energy-1.30%
Energy Services1.22%
Oil and Gas-2.11%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 47.9%, which is higher than its past year's earnings growth of 20.1% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.5x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 3.6% 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
AKRBP Aker BPNOK 247.301.7%
+NOK 2.7b		-3.0%PE21x
COSH Constellation Oil Services HoldingNOK 81.501.9%
+NOK 2.3b		n/aPS22.4x
SUBC Subsea 7NOK 199.702.4%
+NOK 1.4b		4.3%PE21.5x
SEA1 Sea1 OffshoreNOK 29.958.5%
+NOK 359.9m		2.9%PE2.5x
PRS ProsafeNOK 4.5028.6%
+NOK 339.5m		-87.5%PS1.1x

Latest News

VAR
NOK 34.22
Vår Energi
7D
-2.2%
1Y
-1.6%
HAFNI
NOK 55.18
Hafnia
7D
-8.2%
1Y
-32.3%

We Think Hafnia (OB:HAFNI) Can Stay On Top Of Its Debt

Aug 12
We Think Hafnia (OB:HAFNI) Can Stay On Top Of Its Debt
EQNR
NOK 250.60
Equinor
7D
-3.0%
1Y
-15.6%
BNOR
NOK 490.00
BlueNord
7D
1.4%
1Y
-3.0%

BlueNord ASA (OB:BNOR) Investors Are Less Pessimistic Than Expected

Aug 10
BlueNord ASA (OB:BNOR) Investors Are Less Pessimistic Than Expected
TGS
NOK 74.70
TGS
7D
1.9%
1Y
-39.1%
SUBC
NOK 199.70
Subsea 7
7D
2.4%
1Y
4.3%
PRS
NOK 4.50
Prosafe
7D
28.6%
1Y
-87.5%
ODL
NOK 71.50
Odfjell Drilling
7D
-2.5%
1Y
36.5%

Odfjell Drilling (OB:ODL) Has A Somewhat Strained Balance Sheet

Jul 30
Odfjell Drilling (OB:ODL) Has A Somewhat Strained Balance Sheet
CLCO
NOK 73.90
Cool
7D
-5.1%
1Y
-40.2%

Returns On Capital At Cool (OB:CLCO) Have Hit The Brakes

Jul 30
Returns On Capital At Cool (OB:CLCO) Have Hit The Brakes
BWLPG
NOK 149.80
BWG
7D
0.8%
1Y
-8.6%

Is BWG (OB:BWLPG) A Risky Investment?

Jul 23
Is BWG (OB:BWLPG) A Risky Investment?
AKRBP
NOK 247.30
Aker BP
7D
1.7%
1Y
-3.0%

Some May Be Optimistic About Aker BP's (OB:AKRBP) Earnings

Jul 22
Some May Be Optimistic About Aker BP's (OB:AKRBP) Earnings
SOMA
NOK 23.85
Solstad Maritime
7D
-3.2%
1Y
n/a
COSH
NOK 81.50
Constellation Oil Services Holding
7D
1.9%
1Y
n/a
SEA1
NOK 29.95
Sea1 Offshore
7D
8.5%
1Y
2.9%
DNO
NOK 14.36
DNO
7D
2.4%
1Y
34.1%
SDNS
NOK 21.00
Shelf Drilling (North Sea)
7D
-29.3%
1Y
-31.6%