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Norwegian (OSEAX) Oil and Gas Services Industry Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies23
  • 7D3.4%
  • 3M5.2%
  • 1Y5.6%
  • YTDn/a

The Oil and Gas Services industry is up 3.4% in the last week, with Subsea 7 up 4.3%. During this same period, the Solstad Maritime underperformed, falling 5.3%. This means that the industry has gained 5.6% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Sep 2025NOK 159.7bNOK 188.6bNOK 16.1b6.7x9.9x0.8x
Tue, 26 Aug 2025NOK 162.5bNOK 190.6bNOK 16.6b6.7x9.8x0.9x
Thu, 24 Jul 2025NOK 143.4bNOK 183.2bNOK 12.6b8.9x11.4x0.8x
Sat, 21 Jun 2025NOK 142.1bNOK 179.8bNOK 13.9b8x10.2x0.8x
Mon, 19 May 2025NOK 129.1bNOK 183.4bNOK 14.0b7.8x9.2x0.7x
Wed, 16 Apr 2025NOK 113.3bNOK 177.7bNOK 14.1b8.2x8x0.6x
Fri, 14 Mar 2025NOK 124.0bNOK 178.1bNOK 14.2b8.4x8.7x0.7x
Sun, 09 Feb 2025NOK 133.8bNOK 167.5bNOK 13.6b6.4x9.9x0.8x
Tue, 07 Jan 2025NOK 138.8bNOK 167.8bNOK 13.6b6.5x10.2x0.8x
Thu, 05 Dec 2024NOK 131.1bNOK 165.3bNOK 13.3b7.9x9.8x0.8x
Sat, 02 Nov 2024NOK 135.2bNOK 166.2bNOK 12.7b9x10.6x0.8x
Mon, 30 Sep 2024NOK 129.9bNOK 158.9bNOK 11.7b8.1x11.1x0.8x
Wed, 28 Aug 2024NOK 152.1bNOK 158.7bNOK 11.8b14.6x12.8x1x
Fri, 26 Jul 2024NOK 162.0bNOK 161.0bNOK 11.8b12.3x13.7x1x
Sun, 23 Jun 2024NOK 148.5bNOK 162.2bNOK 10.6b13.8x14x0.9x
Tue, 21 May 2024NOK 148.0bNOK 162.9bNOK 10.5b14.1x14.1x0.9x
Thu, 18 Apr 2024NOK 141.5bNOK 158.8bNOK 8.8b10.1x16.1x0.9x
Sat, 16 Mar 2024NOK 131.3bNOK 155.9bNOK 8.6b9x15.2x0.8x
Mon, 12 Feb 2024NOK 113.9bNOK 153.2bNOK 7.0b8.7x16.3x0.7x
Wed, 10 Jan 2024NOK 126.2bNOK 181.5bNOK 8.7b8.2x14.5x0.7x
Fri, 08 Dec 2023NOK 121.5bNOK 186.1bNOK 8.9b7.6x13.7x0.7x
Sun, 05 Nov 2023NOK 131.2bNOK 177.0bNOK 7.7b8.3x17.1x0.7x
Tue, 03 Oct 2023NOK 130.9bNOK 167.7bNOK 7.0b9.1x18.6x0.8x
Thu, 31 Aug 2023NOK 122.2bNOK 165.2bNOK 6.2b8.6x19.6x0.7x
Sat, 29 Jul 2023NOK 111.1bNOK 150.6bNOK 3.5b12.8x31.3x0.7x
Mon, 26 Jun 2023NOK 98.5bNOK 140.8bNOK 4.4b12.1x22.6x0.7x
Wed, 24 May 2023NOK 105.9bNOK 141.8bNOK 4.5b22.1x23.4x0.7x
Fri, 21 Apr 2023NOK 107.1bNOK 134.3bNOK 4.2b15.7x25.3x0.8x
Sun, 19 Mar 2023NOK 111.3bNOK 135.6bNOK 4.3b16.1x26.2x0.8x
Tue, 14 Feb 2023NOK 117.3bNOK 132.7bNOK 13.3b9.2x8.8x0.9x
Thu, 12 Jan 2023NOK 96.4bNOK 126.2bNOK 11.0b10.6x8.8x0.8x
Sat, 10 Dec 2022NOK 90.9bNOK 125.8bNOK 11.0b10.6x8.3x0.7x
Mon, 07 Nov 2022NOK 100.3bNOK 128.9bNOK 11.1b12.6x9x0.8x
Wed, 05 Oct 2022NOK 87.9bNOK 125.5b-NOK 581,640,041.0012.5x-151.1x0.7x
Price to Earnings Ratio

-151.1x


Total Market Cap: NOK 87.9bTotal Earnings: -NOK 581,640,041.00Total Revenue: NOK 125.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Services Industry Price to Earnings3Y Average 12.6x202320242025
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 9.9x which is lower than its 3-year average PE of 12.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Equipment and Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

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

NO Market1.34%
Energy4.64%
Energy Services1.59%
Oil and Gas Services3.41%
Oil and Gas Drilling0.19%
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
SUBC Subsea 7NOK 209.804.3%
+NOK 2.5b		23.0%PE23.2x
TGS TGSNOK 76.157.6%
+NOK 1.1b		-22.8%PE60x
DOFG DOF GroupNOK 99.802.7%
+NOK 640.3m		16.2%PE6.5x
AKSO Aker SolutionsNOK 30.804.1%
+NOK 600.9m		-22.4%PE6.7x
REACH Reach SubseaNOK 7.8020.6%
+NOK 435.4m		4.0%PE10.6x

Latest News

SUBC
NOK 209.80
Subsea 7
7D
4.3%
1Y
23.0%
REACH
NOK 7.80
Reach Subsea
7D
20.6%
1Y
4.0%
DOFG
NOK 99.80
DOF Group
7D
2.7%
1Y
16.2%

Petrobras Contracts And Flexible Vessels Will Secure Offshore Potential

The consensus analyst price target for DOF Group has increased to NOK125.00, driven by sharply higher estimates for both future P/E and revenue growth. What's in the News DOF Group ASA secured a three-year contract extension for Skandi Patagonia with TotalEnergies in Argentina, effective from January 2026, including two additional one-year extension options.
DFENS
NOK 13.00
Fjord Defence Group
7D
-9.3%
1Y
46.4%
TGS
NOK 76.15
TGS
7D
7.6%
1Y
-22.8%
BWO
NOK 37.80
BW Offshore
7D
6.5%
1Y
33.1%
ABL
NOK 8.86
ABL Group
7D
-1.6%
1Y
-13.6%
EMGS
NOK 1.37
Electromagnetic Geoservices
7D
-1.8%
1Y
-34.1%

Electromagnetic Geoservices ASA (OB:EMGS) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

Sep 02
Electromagnetic Geoservices ASA (OB:EMGS) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
SOMA
NOK 23.25
Solstad Maritime
7D
-5.3%
1Y
n/a

Solstad Maritime (OB:SOMA) Seems To Use Debt Quite Sensibly

Aug 25
Solstad Maritime (OB:SOMA) Seems To Use Debt Quite Sensibly
HAVI
NOK 1.39
Havila Shipping
7D
-1.4%
1Y
-60.8%
SEA1
NOK 22.65
Sea1 Offshore
7D
2.7%
1Y
-17.0%
AKSO
NOK 30.80
Aker Solutions
7D
4.1%
1Y
-22.4%
ENH
NOK 8.98
SED Energy Holdings
7D
2.3%
1Y
n/a
HERMA
NOK 13.00
Hermana Holding
7D
-1.9%
1Y
-18.7%