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Norwegian (OSEAX) Industrials Sector Analysis

UpdatedMay 30, 2025
DataAggregated Company Financials
Companies63
  • 7D2.5%
  • 3M8.5%
  • 1Y9.8%
  • YTD6.2%

Over the last 7 days, the Industrials industry has risen 1.3%, driven by gains from Kongsberg Gruppen of 4.0%. In the last 12 months, the industry was up 12%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 May 2025NOK 701.5bNOK 433.0bNOK 38.6b15.1x18.2x1.6x
Sun, 27 Apr 2025NOK 637.1bNOK 427.1bNOK 36.8b11.9x17.3x1.5x
Tue, 25 Mar 2025NOK 672.7bNOK 431.4bNOK 40.4b12.4x16.6x1.6x
Thu, 20 Feb 2025NOK 646.4bNOK 445.2bNOK 43.1b13x15x1.5x
Sat, 18 Jan 2025NOK 632.2bNOK 445.9bNOK 42.7b11.4x14.8x1.4x
Mon, 16 Dec 2024NOK 649.7bNOK 441.9bNOK 42.6b11.9x15.2x1.5x
Wed, 13 Nov 2024NOK 638.3bNOK 438.7bNOK 41.8b11.9x15.3x1.5x
Fri, 11 Oct 2024NOK 639.7bNOK 427.6bNOK 38.8b12.8x16.5x1.5x
Sun, 08 Sep 2024NOK 612.2bNOK 427.2bNOK 38.8b12.9x15.8x1.4x
Tue, 06 Aug 2024NOK 609.9bNOK 437.2bNOK 37.4b10.4x16.3x1.4x
Thu, 04 Jul 2024NOK 621.4bNOK 420.7bNOK 34.4b11.5x18.1x1.5x
Sat, 01 Jun 2024NOK 632.1bNOK 417.8bNOK 34.0b11.7x18.6x1.5x
Mon, 29 Apr 2024NOK 589.0bNOK 423.4bNOK 35.3b12.9x16.7x1.4x
Wed, 27 Mar 2024NOK 582.1bNOK 415.6bNOK 33.5b12.6x17.4x1.4x
Fri, 23 Feb 2024NOK 559.9bNOK 410.2bNOK 23.5b12.5x23.8x1.4x
Sun, 21 Jan 2024NOK 559.5bNOK 432.8bNOK 22.6b11x24.7x1.3x
Tue, 19 Dec 2023NOK 536.5bNOK 422.9bNOK 23.6b10.9x22.7x1.3x
Thu, 16 Nov 2023NOK 520.1bNOK 429.9bNOK 26.4b10.4x19.7x1.2x
Sat, 14 Oct 2023NOK 502.3bNOK 425.8bNOK 22.1b11.2x22.7x1.2x
Mon, 11 Sep 2023NOK 525.3bNOK 422.1bNOK 21.6b11.8x24.3x1.2x
Wed, 09 Aug 2023NOK 541.2bNOK 411.1bNOK 17.3b14x31.3x1.3x
Fri, 07 Jul 2023NOK 545.2bNOK 427.1bNOK 39.0b15.9x14x1.3x
Sun, 04 Jun 2023NOK 566.6bNOK 426.8bNOK 39.6b18x14.3x1.3x
Tue, 02 May 2023NOK 570.6bNOK 414.4bNOK 39.9b15.1x14.3x1.4x
Thu, 30 Mar 2023NOK 546.7bNOK 408.0bNOK 44.5b13.4x12.3x1.3x
Sat, 25 Feb 2023NOK 578.8bNOK 406.3bNOK 48.7b10.4x11.9x1.4x
Mon, 23 Jan 2023NOK 566.7bNOK 386.2bNOK 45.8b10.3x12.4x1.5x
Wed, 21 Dec 2022NOK 534.1bNOK 381.2bNOK 45.1b11.8x11.8x1.4x
Fri, 18 Nov 2022NOK 525.9bNOK 384.1bNOK 45.7b11.1x11.5x1.4x
Sun, 16 Oct 2022NOK 473.5bNOK 376.6bNOK 40.4b12.8x11.7x1.3x
Tue, 13 Sep 2022NOK 524.5bNOK 361.0bNOK 38.4b13.8x13.7x1.5x
Thu, 11 Aug 2022NOK 565.6bNOK 321.1bNOK 22.9b12.2x24.7x1.8x
Sat, 09 Jul 2022NOK 516.8bNOK 328.0bNOK 24.2b12.2x21.4x1.6x
Mon, 06 Jun 2022NOK 573.2bNOK 317.0bNOK 22.7b12.9x25.3x1.8x
Price to Earnings Ratio

25.3x


Total Market Cap: NOK 573.2bTotal Earnings: NOK 22.7bTotal Revenue: NOK 317.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Industrials Sector Price to Earnings3Y Average 17.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.6x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 20% 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 Trends

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

NO Market0.90%
Industrials2.47%
Airlines5.50%
Aerospace & Defense4.63%
Machinery3.30%
Industrials1.47%
Construction0.68%
Transportation0%0
Infrastructure0%0
Marine and Shipping-1.17%
Commercial Services-1.75%
Professional Services-2.20%
Logistics-2.83%
Building-3.17%
Electrical-3.34%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 39.6x.
    • Analysts are expecting annual earnings growth of 12.4%, which is lower than the prior year's growth of 53.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 51% over the next 5 years.
  • In contrast, the Industrials industry is expected to see its earnings decline by 15% 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
KOG Kongsberg GruppenNOK 1.81k4.6%
+NOK 14.1b		101.2%PE50.8x
NAS Norwegian Air ShuttleNOK 13.805.5%
+NOK 1.8b		-1.8%PE10.7x
TOM Tomra SystemsNOK 152.003.7%
+NOK 1.6b		10.3%PE38.8x
AKER AkerNOK 601.001.5%
+NOK 668.6m		-3.8%PS3.5x
AUTO AutoStore HoldingsNOK 5.563.3%
+NOK 587.9m		-62.5%PE16.3x
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Latest News

KOG

NOK 1,813.50

Kongsberg Gruppen

7D

4.6%

1Y

101.2%

NORSE

NOK 7.97

Norse Atlantic

7D

33.7%

1Y

-18.8%

AFG

NOK 149.40

AF Gruppen

7D

1.9%

1Y

11.5%

NAS

NOK 13.80

Norwegian Air Shuttle

7D

5.5%

1Y

-1.8%

NEL

NOK 2.30

Nel

7D

-4.9%

1Y

-71.2%

TOM

NOK 152.00

Tomra Systems

7D

3.7%

1Y

10.3%

Is Tomra Systems (OB:TOM) Using Too Much Debt?

May 26
Is Tomra Systems (OB:TOM) Using Too Much Debt?

AKER

NOK 601.00

Aker

7D

1.5%

1Y

-3.8%

Returns On Capital Are Showing Encouraging Signs At Aker (OB:AKER)

May 25
Returns On Capital Are Showing Encouraging Signs At Aker (OB:AKER)

NORCO

NOK 46.20

Norconsult

7D

-1.3%

1Y

42.6%

Norconsult's (OB:NORCO) Strong Earnings Are Of Good Quality

May 23
Norconsult's (OB:NORCO) Strong Earnings Are Of Good Quality

AUTO

NOK 5.56

AutoStore Holdings

7D

3.3%

1Y

-62.5%

AutoStore Holdings Ltd.'s (OB:AUTO) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

May 23
AutoStore Holdings Ltd.'s (OB:AUTO) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

BONHR

NOK 237.50

Bonheur

7D

2.8%

1Y

-1.9%

Bonheur's (OB:BONHR) Shareholders Will Receive A Bigger Dividend Than Last Year

May 23
Bonheur's (OB:BONHR) Shareholders Will Receive A Bigger Dividend Than Last Year

CAMBI

NOK 18.80

Cambi

7D

-3.3%

1Y

33.3%

We Think That There Are More Issues For Cambi (OB:CAMBI) Than Just Sluggish Earnings

May 21
We Think That There Are More Issues For Cambi (OB:CAMBI) Than Just Sluggish Earnings

WAWI

NOK 79.10

Wallenius Wilhelmsen

7D

-2.3%

1Y

-29.2%

WWI

NOK 405.50

Wilh. Wilhelmsen Holding

7D

-3.2%

1Y

4.2%

HAUTO

NOK 85.25

Höegh Autoliners

7D

-2.9%

1Y

-31.5%

TRE

NOK 27.50

Treasure

7D

-2.8%

1Y

31.0%