Header cover image

Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedMar 12, 2025
DataAggregated Company Financials
Companies31
  • 7D-2.5%
  • 3M-9.5%
  • 1Y-8.5%
  • YTD-14.5%

Over the last 7 days, the Energy Services industry has dropped 2.5%, driven by pullbacks in TGS and Subsea 7 of 5.9% and 2.3%, respectively. Meanwhile, Deep Value Driller actually outperformed within the industry, gaining 41% in the last week. However, the industry is down 8.5% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

Has the Norwegian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025NOK 157.6bNOK 219.5bNOK 16.7b7.6x9.4x0.7x
Sat, 08 Feb 2025NOK 170.8bNOK 211.7bNOK 16.6b6.5x10.3x0.8x
Mon, 06 Jan 2025NOK 174.4bNOK 213.1bNOK 16.7b6.5x10.4x0.8x
Wed, 04 Dec 2024NOK 175.9bNOK 219.6bNOK 17.2b8.5x10.2x0.8x
Fri, 01 Nov 2024NOK 179.8bNOK 217.9bNOK 18.1b9.1x9.9x0.8x
Sun, 29 Sep 2024NOK 181.4bNOK 210.5bNOK 16.2b8.1x11.2x0.9x
Tue, 27 Aug 2024NOK 211.6bNOK 210.5bNOK 15.6b14.5x13.6x1x
Thu, 25 Jul 2024NOK 224.5bNOK 212.7bNOK 14.6b11.3x15.4x1.1x
Sat, 22 Jun 2024NOK 197.2bNOK 210.2bNOK 13.5b13.8x14.6x0.9x
Mon, 20 May 2024NOK 192.9bNOK 209.9bNOK 11.9b13.3x16.1x0.9x
Wed, 17 Apr 2024NOK 188.8bNOK 205.1bNOK 9.9b9.4x19x0.9x
Fri, 15 Mar 2024NOK 211.2bNOK 215.8bNOK 12.9b9x16.4x1x
Sun, 11 Feb 2024NOK 192.3bNOK 208.4bNOK 9.6b8.7x20.1x0.9x
Tue, 09 Jan 2024NOK 210.9bNOK 235.9bNOK 11.2b8.3x18.9x0.9x
Thu, 07 Dec 2023NOK 198.1bNOK 243.7bNOK 11.4b7.7x17.3x0.8x
Sat, 04 Nov 2023NOK 216.1bNOK 229.5bNOK 7.9b8.3x27.4x0.9x
Mon, 02 Oct 2023NOK 221.2bNOK 217.5bNOK 5.4b10.9x40.7x1x
Wed, 30 Aug 2023NOK 211.4bNOK 215.2bNOK 4.6b9.1x46.4x1x
Fri, 28 Jul 2023NOK 196.6bNOK 192.0b-NOK 1,203,770,559.0012x-163.3x1x
Sun, 25 Jun 2023NOK 169.3bNOK 186.1b-NOK 449,446,534.0010.7x-376.7x0.9x
Tue, 23 May 2023NOK 179.8bNOK 186.2bNOK 38.3b9.5x4.7x1x
Thu, 20 Apr 2023NOK 181.0bNOK 176.6b-NOK 1,332,906,862.0015.2x-135.8x1x
Sat, 18 Mar 2023NOK 173.1bNOK 178.3bNOK 38.5b13.5x4.5x1x
Mon, 13 Feb 2023NOK 177.7bNOK 168.0bNOK 47.0b7.8x3.8x1.1x
Wed, 11 Jan 2023NOK 144.1bNOK 160.6bNOK 44.1b7.3x3.3x0.9x
Fri, 09 Dec 2022NOK 134.2bNOK 160.4bNOK 44.1b6.7x3x0.8x
Sun, 06 Nov 2022NOK 150.7bNOK 171.0bNOK 44.6b8.2x3.4x0.9x
Tue, 04 Oct 2022NOK 121.3bNOK 170.8bNOK 34.2b9.2x3.5x0.7x
Thu, 01 Sep 2022NOK 126.0bNOK 160.7bNOK 29.5b9.2x4.3x0.8x
Sat, 30 Jul 2022NOK 113.5bNOK 161.3bNOK 30.2b9.7x3.8x0.7x
Mon, 27 Jun 2022NOK 111.4bNOK 157.0bNOK 29.1b9.6x3.8x0.7x
Wed, 25 May 2022NOK 123.5bNOK 153.0b-NOK 10,335,586,232.009.4x-11.9x0.8x
Fri, 22 Apr 2022NOK 98.3bNOK 132.1b-NOK 4,492,654,578.0010x-21.9x0.7x
Sun, 20 Mar 2022NOK 90.2bNOK 129.9b-NOK 4,712,268,616.009.7x-19.1x0.7x
Price to Earnings Ratio

-19.1x


Total Market Cap: NOK 90.2bTotal Earnings: -NOK 4,712,268,616.00Total Revenue: NOK 129.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average -9x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Energy Services 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 9.4x which is higher than its 3-year average PE of -9.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

NO Market1.13%
Energy2.66%
Energy Services-2.54%
Oil and Gas Services-2.33%
Oil and Gas Drilling-3.36%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 37.2%, which is higher than its past year's earnings decline of 48.7% per year.
  • Investors are most pessimistic about the Oil and Gas Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 14% 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
DVD Deep Value DrillerNOK 14.7443.9%
+NOK 388.8m
-35.9%PE6.2x
AKSO Aker SolutionsNOK 31.242.2%
+NOK 327.3m
-14.6%PE5.7x
REACH Reach SubseaNOK 6.8012.2%
+NOK 209.2m
30.8%PE9.4x
BWO BW OffshoreNOK 27.903.0%
+NOK 144.7m
8.8%PE3.9x
SUBC Subsea 7NOK 160.400.3%
+NOK 118.2m
-1.3%PE22.2x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

DVD

NOK 14.74

Deep Value Driller

7D

43.9%

1Y

-35.9%

BWO

NOK 27.90

BW Offshore

7D

3.0%

1Y

8.8%

DDRIL

NOK 1.78

Dolphin Drilling

7D

26.8%

1Y

-72.6%

ABL

NOK 9.00

ABL Group

7D

-6.1%

1Y

-22.7%

REACH

NOK 6.80

Reach Subsea

7D

12.2%

1Y

30.8%

SUBC

NOK 160.40

Subsea 7

7D

0.3%

1Y

-1.3%

AKSO

NOK 31.24

Aker Solutions

7D

2.2%

1Y

-14.6%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

VTURA

NOK 20.70

Ventura Offshore Holding

7D

5.1%

1Y

n/a