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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies30
  • 7D1.5%
  • 3M-0.05%
  • 1Y41.8%
  • YTD37.0%

In the last week, the Energy Services industry is up 1.5%, with Subsea 7 up 2.0%. In the last 12 months, the industry was up 42%. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026NOK 287.9bNOK 231.5bNOK 23.5b7.8x12.2x1.2x
Sat, 18 Jul 2026NOK 269.4bNOK 234.3bNOK 22.4b6.7x12x1.2x
Mon, 15 Jun 2026NOK 286.3bNOK 233.5bNOK 21.7b7.1x13.2x1.2x
Wed, 13 May 2026NOK 289.8bNOK 225.8bNOK 19.6b7.6x14.8x1.3x
Fri, 10 Apr 2026NOK 286.0bNOK 231.7bNOK 19.3b9x14.8x1.2x
Sun, 08 Mar 2026NOK 439.0bNOK 233.4bNOK 20.0b8x21.9x1.9x
Tue, 03 Feb 2026NOK 403.1bNOK 230.4bNOK 18.6b7x21.7x1.7x
Thu, 01 Jan 2026NOK 377.4bNOK 236.6bNOK 19.2b6x19.7x1.6x
Sat, 29 Nov 2025NOK 363.8bNOK 245.4bNOK 19.2b6.2x19x1.5x
Mon, 27 Oct 2025NOK 345.1bNOK 238.9bNOK 17.1b6.3x20.2x1.4x
Wed, 24 Sep 2025NOK 355.0bNOK 237.0bNOK 16.7b6.6x21.3x1.5x
Fri, 22 Aug 2025NOK 328.1bNOK 241.8bNOK 18.1b6.5x18.1x1.4x
Sun, 20 Jul 2025NOK 298.4bNOK 234.2bNOK 13.6b8x21.9x1.3x
Tue, 17 Jun 2025NOK 180.1bNOK 226.2bNOK 14.6b7.2x12.3x0.8x
Thu, 15 May 2025NOK 164.9bNOK 232.1bNOK 16.1b6.7x10.2x0.7x
Sat, 12 Apr 2025NOK 144.3bNOK 219.6bNOK 16.7b7.9x8.7x0.7x
Mon, 10 Mar 2025NOK 164.4bNOK 222.9bNOK 17.1b7.1x9.6x0.7x
Wed, 05 Feb 2025NOK 170.9bNOK 211.5bNOK 16.6b6.4x10.3x0.8x
Fri, 03 Jan 2025NOK 182.7bNOK 224.3bNOK 17.7b6.7x10.3x0.8x
Sun, 01 Dec 2024NOK 173.7bNOK 219.3bNOK 17.2b8.4x10.1x0.8x
Tue, 29 Oct 2024NOK 180.9bNOK 218.6bNOK 17.9b8.8x10.1x0.8x
Thu, 26 Sep 2024NOK 187.4bNOK 211.6bNOK 16.3b8.3x11.5x0.9x
Sat, 24 Aug 2024NOK 208.3bNOK 208.7bNOK 15.6b14x13.3x1x
Mon, 22 Jul 2024NOK 224.8bNOK 211.1bNOK 14.4b11.3x15.6x1.1x
Wed, 19 Jun 2024NOK 197.5bNOK 210.2bNOK 13.5b13.7x14.6x0.9x
Fri, 17 May 2024NOK 193.4bNOK 209.3bNOK 12.4b12.8x15.6x0.9x
Sun, 14 Apr 2024NOK 191.0bNOK 204.1bNOK 9.9b9.9x19.3x0.9x
Tue, 12 Mar 2024NOK 207.7bNOK 214.4bNOK 12.8b9.4x16.2x1x
Thu, 08 Feb 2024NOK 191.8bNOK 225.0bNOK 11.7b8.8x16.4x0.9x
Sat, 06 Jan 2024NOK 215.7bNOK 234.9bNOK 11.1b8.6x19.4x0.9x
Mon, 04 Dec 2023NOK 211.1bNOK 240.0bNOK 11.3b8.2x18.7x0.9x
Wed, 01 Nov 2023NOK 213.7bNOK 230.9bNOK 6.2b9.9x34.4x0.9x
Fri, 29 Sep 2023NOK 224.2bNOK 217.6bNOK 5.4b10.9x41.3x1x
Sun, 27 Aug 2023NOK 209.2bNOK 215.6bNOK 4.2b10.3x49.4x1x
Price to Earnings Ratio

49.4x


Total Market Cap: NOK 209.2bTotal Earnings: NOK 4.2bTotal Revenue: NOK 215.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 17.4x202420252026
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 12.2x which is lower than its 3-year average PE of 17.4x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 77% per year over the last three years.
  • Revenues for these companies have grown 2.4% 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 Energy industry?

NO Market0.97%
Energy2.29%
Energy Services1.50%
Oil and Gas Services1.53%
Oil and Gas Drilling1.39%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry even though it's trading below its 3-year average PE ratio of 89.2x.
    • Analysts are expecting annual earnings growth of 23.7%, which is lower than the prior year's growth of 59.0% per year.
  • Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 11.9x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 59% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 3.4% 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
DOFG DOF GroupNOK 133.603.8%
+NOK 1.2b		38.4%PE7.7x
AKSO Aker SolutionsNOK 43.543.3%
+NOK 680.5m		41.5%PE6.5x
SUBC Subsea 7NOK 342.200.4%
+NOK 414.6m		66.3%PE17.7x
ODL Odfjell DrillingNOK 91.901.9%
+NOK 407.7m		17.4%PE10.5x
PLSV Paratus Energy ServicesNOK 50.703.7%
+NOK 292.9m		23.1%PE8.2x

Latest News

TGS
NOK 137.30
TGS
7D
-2.3%
1Y
81.0%
DDRIL
NOK 2.44
Dolphin Drilling
7D
-2.4%
1Y
16.2%
ODL
NOK 91.90
Odfjell Drilling
7D
1.9%
1Y
17.4%
SEA1
NOK 28.20
Sea1 Offshore
7D
-2.3%
1Y
8.3%
Analysis Article • Aug 19

Sea1 Offshore Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Sea1 Offshore Inc. ( OB:SEA1 ) just released its second-quarter report and things are looking bullish. Sea1 Offshore...
ARCH
NOK 24.25
Archer
7D
-2.2%
1Y
4.1%
DVD
NOK 20.70
Deep Value Driller
7D
-2.1%
1Y
19.7%
PLSV
NOK 50.70
Paratus Energy Services
7D
3.7%
1Y
23.1%
SUBC
NOK 342.20
Subsea 7
7D
0.4%
1Y
66.3%
Narrative Update • Aug 11

SUBC: Saipem Merger Progress And Backlog Strength Will Support Higher Earnings Multiple

The updated analyst price target for Subsea 7 reflects a move higher from NOK 438.35 to NOK 457.16, broadly in line with a series of recent target increases and ratings upgrades from analysts who cite adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research on Subsea 7 points to a cluster of higher price targets and rating upgrades in 2026.
AQUA
NOK 8.76
Aqualis
7D
-1.4%
1Y
-4.2%
AKSO
NOK 43.54
Aker Solutions
7D
3.3%
1Y
41.5%
AKAST
NOK 13.90
Akastor
7D
4.5%
1Y
17.0%
PRS
NOK 5.60
Prosafe
7D
-4.6%
1Y
28.7%
Narrative Update • Jun 26

PRS: Upgrade To Buy Will Highlight Future Offshore Accommodation Contract Potential

Analysts have raised their price target on Prosafe to NOK 5.50 from about NOK 3.53, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. This change is also reflected in a recent upgrade to Buy from Hold.
DOFG
NOK 133.60
DOF Group
7D
3.8%
1Y
38.4%
Narrative Update • Jun 25

DOFG: Long-Term Brazil Contracts And Dividend Will Support Future Upside

Analysts now see DOF Group as fairly valued at NOK 145.80, refining their price target without a material change in underlying fair value as they factor in a slightly higher discount rate and a modestly lower future P/E assumption. What's in the News for DOF Group The board of directors approved a dividend of US$0.37 per share for DOF Group ASA on 21 May 2026, with last day including right on 27 May 2026, ex-date on 28 May 2026, record date on 29 May 2026, and payment date on 4 June 2026.
BWO
NOK 45.50
BW Offshore
7D
1.8%
1Y
19.1%
REACH
NOK 5.87
Reach Subsea
7D
8.7%
1Y
-27.7%
ENH
NOK 7.99
SED Energy Holdings
7D
-0.9%
1Y
-9.6%