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Norwegian (OSEAX) Oil and Gas Services Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies22
  • 7D-4.6%
  • 3M22.3%
  • 1Y63.4%
  • YTDn/a

In the last week, the Oil and Gas Services industry is flat overall, with Subsea 7 standing out by going down 7.0%. The past year has been better, since the industry has gained 76% in that time. Earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

Has the Norwegian Oil and Gas Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026NOK 226.6bNOK 187.5bNOK 19.6b7.4x11.6x1.2x
Mon, 06 Apr 2026NOK 223.1bNOK 195.2bNOK 19.4b8.6x11.5x1.1x
Wed, 04 Mar 2026NOK 195.4bNOK 194.2bNOK 19.1b7.3x10.2x1x
Fri, 30 Jan 2026NOK 182.2bNOK 188.5bNOK 17.8b6.9x10.2x1x
Sun, 28 Dec 2025NOK 157.3bNOK 194.2bNOK 18.5b5.6x8.5x0.8x
Tue, 25 Nov 2025NOK 149.1bNOK 195.8bNOK 17.7b7x8.4x0.8x
Thu, 23 Oct 2025NOK 146.2bNOK 189.2bNOK 16.2b6.2x9x0.8x
Sat, 20 Sep 2025NOK 154.3bNOK 188.3bNOK 16.1b6.5x9.6x0.8x
Mon, 18 Aug 2025NOK 155.1bNOK 189.6bNOK 15.4b7.9x10.1x0.8x
Wed, 16 Jul 2025NOK 143.7bNOK 184.0bNOK 13.7b8.9x10.5x0.8x
Fri, 13 Jun 2025NOK 142.8bNOK 177.6bNOK 13.7b8.3x10.4x0.8x
Sun, 11 May 2025NOK 123.3bNOK 181.7bNOK 13.2b8.4x9.3x0.7x
Tue, 08 Apr 2025NOK 112.3bNOK 181.5bNOK 14.4b7.6x7.8x0.6x
Thu, 06 Mar 2025NOK 124.0bNOK 180.5bNOK 14.4b7.4x8.6x0.7x
Sat, 01 Feb 2025NOK 135.7bNOK 168.0bNOK 13.6b6.2x10x0.8x
Mon, 30 Dec 2024NOK 129.7bNOK 168.7bNOK 13.7b6.4x9.5x0.8x
Wed, 27 Nov 2024NOK 128.4bNOK 169.7bNOK 13.6b9.3x9.5x0.8x
Fri, 25 Oct 2024NOK 134.4bNOK 165.6bNOK 12.3b8.8x10.9x0.8x
Sun, 22 Sep 2024NOK 139.6bNOK 158.8bNOK 11.7b7.9x11.9x0.9x
Tue, 20 Aug 2024NOK 151.9bNOK 158.7bNOK 11.9b13.7x12.8x1x
Thu, 18 Jul 2024NOK 158.5bNOK 157.8bNOK 11.4b12.6x13.9x1x
Sat, 15 Jun 2024NOK 145.4bNOK 163.1bNOK 10.7b13.7x13.6x0.9x
Mon, 13 May 2024NOK 150.4bNOK 164.6bNOK 11.1b13x13.5x0.9x
Wed, 10 Apr 2024NOK 141.7bNOK 155.9bNOK 8.7b9.8x16.3x0.9x
Fri, 08 Mar 2024NOK 127.9bNOK 154.3bNOK 8.6b8.3x14.8x0.8x
Sun, 04 Feb 2024NOK 119.8bNOK 183.8bNOK 8.8b7.7x13.6x0.7x
Tue, 02 Jan 2024NOK 130.9bNOK 179.9bNOK 8.7b8.8x15.1x0.7x
Thu, 30 Nov 2023NOK 125.0bNOK 176.6bNOK 8.7b7.8x14.3x0.7x
Sat, 28 Oct 2023NOK 128.6bNOK 173.5bNOK 7.2b9x17.7x0.7x
Mon, 25 Sep 2023NOK 131.0bNOK 167.2bNOK 7.0b9.6x18.6x0.8x
Wed, 23 Aug 2023NOK 121.7bNOK 164.5bNOK 3.6b10.9x33.9x0.7x
Fri, 21 Jul 2023NOK 111.8bNOK 148.7bNOK 4.1b12.3x27.4x0.8x
Sun, 18 Jun 2023NOK 101.2bNOK 138.7bNOK 4.3b12.7x23.6x0.7x
Tue, 16 May 2023NOK 104.1bNOK 138.6bNOK 4.7b20.8x22.1x0.8x
Price to Earnings Ratio

22.1x


Total Market Cap: NOK 104.1bTotal Earnings: NOK 4.7bTotal Revenue: NOK 138.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Services Industry Price to Earnings3Y Average 13.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Oil and Gas Equipment and 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 12.0x which is lower than its 3-year average PE of 13.4x.
  • The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 60% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Norwegian Oil and Gas Services compare with similar industries?

NO Market-2.98%
Energy-7.07%
Energy Services-4.08%
Oil and Gas Services-4.57%
Oil and Gas Drilling-2.05%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AKSO Aker SolutionsNOK 42.280.3%
+NOK 58.3m		32.0%PE7.1x
HAVI Havila ShippingNOK 1.217.1%
+NOK 22.0m		-5.1%PE33.2x

Latest News

DOFG
NOK 136.20
DOF Group
7D
-0.9%
1Y
65.2%
ABL
NOK 10.50
ABL Group
7D
-5.8%
1Y
8.2%
TGS
NOK 146.30
TGS
7D
-2.8%
1Y
76.7%
Narrative Update • May 06

TGS: Clarified Project Pipeline And New Contracts Will Support Future Upside

Narrative Update Analysts have raised their price target on TGS from NOK 136.10 to NOK 200.17, reflecting updated assumptions for revenue growth, profit margins and a lower future P/E multiple following recent research coverage and project clarifications. Analyst Commentary Recent research coverage has framed TGS as a stock where bullish analysts see room for stronger execution and clearer growth visibility than previously reflected in prior models.
SUBC
NOK 305.00
Subsea 7
7D
-8.5%
1Y
86.5%
REACH
NOK 6.41
Reach Subsea
7D
-7.8%
1Y
-15.7%
AKSO
NOK 42.28
Aker Solutions
7D
0.3%
1Y
32.0%
AKAST
NOK 15.00
Akastor
7D
-3.8%
1Y
28.0%
SEA1
NOK 27.20
Sea1 Offshore
7D
-8.4%
1Y
46.2%
BWO
NOK 50.30
BW Offshore
7D
-4.4%
1Y
60.2%
HAVI
NOK 1.21
Havila Shipping
7D
7.1%
1Y
-5.1%