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Norwegian (OSEAX) Industrials Sector Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies58
  • 7D-0.05%
  • 3M4.8%
  • 1Y23.2%
  • YTD21.6%

Over the last 7 days, the Industrials industry has remained flat, although notably Aker gained 3.2%. As for the the longer term, the industry is up 24% over the past 12 months. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026NOK 895.3bNOK 475.7bNOK 67.0b14.3x13.4x1.9x
Sat, 25 Jul 2026NOK 814.1bNOK 475.1bNOK 71.1b14.1x11.5x1.7x
Mon, 22 Jun 2026NOK 809.8bNOK 425.9bNOK 45.3b14.9x17.9x1.9x
Wed, 20 May 2026NOK 820.8bNOK 418.0bNOK 43.7b14.1x18.8x2x
Fri, 17 Apr 2026NOK 818.9bNOK 416.9bNOK 40.2b16.7x20.4x2x
Sun, 15 Mar 2026NOK 830.8bNOK 416.7bNOK 39.1b15.9x21.2x2x
Tue, 10 Feb 2026NOK 793.5bNOK 413.0bNOK 38.9b17.2x20.4x1.9x
Thu, 08 Jan 2026NOK 692.2bNOK 444.2bNOK 43.8b16.9x15.8x1.6x
Sat, 06 Dec 2025NOK 643.6bNOK 445.2bNOK 43.9b16.1x14.7x1.4x
Mon, 03 Nov 2025NOK 640.1bNOK 442.9bNOK 43.6b14x14.7x1.4x
Wed, 01 Oct 2025NOK 706.7bNOK 439.6bNOK 43.1b14.2x16.4x1.6x
Fri, 29 Aug 2025NOK 691.2bNOK 440.2bNOK 43.3b14.5x16x1.6x
Sun, 27 Jul 2025NOK 696.2bNOK 445.1bNOK 44.5b15.6x15.7x1.6x
Tue, 24 Jun 2025NOK 741.9bNOK 432.6bNOK 38.5b15.3x19.3x1.7x
Thu, 22 May 2025NOK 691.3bNOK 427.6bNOK 36.0b15.3x19.2x1.6x
Sat, 19 Apr 2025NOK 645.4bNOK 428.0bNOK 37.4b12.4x17.3x1.5x
Mon, 17 Mar 2025NOK 679.8bNOK 434.3bNOK 40.8b12.4x16.6x1.6x
Wed, 12 Feb 2025NOK 618.0bNOK 444.7bNOK 42.4b10.9x14.6x1.4x
Fri, 10 Jan 2025NOK 643.5bNOK 445.9bNOK 43.5b11.9x14.8x1.4x
Sun, 08 Dec 2024NOK 669.3bNOK 442.4bNOK 42.7b11.6x15.7x1.5x
Tue, 05 Nov 2024NOK 621.2bNOK 438.3bNOK 40.5b12.7x15.4x1.4x
Thu, 03 Oct 2024NOK 642.7bNOK 425.3bNOK 38.3b12.8x16.8x1.5x
Sat, 31 Aug 2024NOK 647.0bNOK 424.8bNOK 38.6b12.3x16.8x1.5x
Mon, 29 Jul 2024NOK 655.4bNOK 436.5bNOK 37.4b11.3x17.5x1.5x
Wed, 26 Jun 2024NOK 602.4bNOK 421.8bNOK 34.5b11.5x17.5x1.4x
Fri, 24 May 2024NOK 621.3bNOK 420.6bNOK 35.2b11.8x17.7x1.5x
Sun, 21 Apr 2024NOK 579.6bNOK 423.4bNOK 34.9b12.8x16.6x1.4x
Tue, 19 Mar 2024NOK 569.9bNOK 411.9bNOK 23.9b12.5x23.8x1.4x
Thu, 15 Feb 2024NOK 559.4bNOK 412.4bNOK 25.2b10.8x22.2x1.4x
Sat, 13 Jan 2024NOK 564.2bNOK 429.5bNOK 22.1b11.2x25.5x1.3x
Mon, 11 Dec 2023NOK 523.7bNOK 431.3bNOK 25.0b10.5x20.9x1.2x
Wed, 08 Nov 2023NOK 490.7bNOK 436.0bNOK 27.5b10.4x17.8x1.1x
Fri, 06 Oct 2023NOK 487.4bNOK 426.5bNOK 22.0b11.4x22.2x1.1x
Sun, 03 Sep 2023NOK 528.3bNOK 421.9bNOK 21.5b12.1x24.6x1.3x
Price to Earnings Ratio

24.6x


Total Market Cap: NOK 528.3bTotal Earnings: NOK 21.5bTotal Revenue: NOK 421.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Industrials Sector Price to Earnings3Y Average 18x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Industrials 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 13.4x which is lower than its 3-year average PE of 18.0x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market0.33%
Industrials-0.045%
Airlines3.96%
Construction3.55%
Electrical2.86%
Machinery2.84%
Industrials2.75%
Commercial Services1.90%
Building0%0
Professional Services0%0
Logistics0%0
Transportation0%0
Infrastructure0%0
Aerospace & Defense-2.51%
Marine and Shipping-2.94%
Industry PE
  • Investors are most optimistic about the Professional Services industry which is trading above its 3-year average PE ratio of 25.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 94% over the next 5 years.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 9.1% 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
AKER AkerNOK 1.57k7.7%
+NOK 8.3b		116.6%PE4.1x
KMAR Kongsberg MaritimeNOK 56.503.1%
+NOK 1.5b		n/aPE18.6x
CADLR CadelerNOK 59.706.0%
+NOK 1.3b		11.8%PE10.6x
WWI Wilh. Wilhelmsen HoldingNOK 810.003.7%
+NOK 1.2b		57.0%PE6.8x
TOM Tomra SystemsNOK 109.303.3%
+NOK 1.0b		-28.0%PE35.8x

Latest News

CADLR
NOK 59.70
Cadeler
7D
6.0%
1Y
11.8%
TOM
NOK 109.30
Tomra Systems
7D
3.3%
1Y
-28.0%
New Narrative • Aug 25

TOMRA: a market leader at a discount

Republishing Note This article was originally published on Risberg Capital on Substack on the 3rd of June 2026 and is republished here for wider distribution. Investment summary TOMRA (OSE:TOM) is a world-leading company within reverse vending machines and sensor-based sorting, where sensors are used to identify and separate materials based on properties such as colour, density, or chemical composition.
AKER
NOK 1,566.00
Aker
7D
7.7%
1Y
116.6%
NORSE
NOK 0.32
Norse Atlantic
7D
-14.2%
1Y
-96.4%
ODF
NOK 111.00
Odfjell
7D
-1.2%
1Y
-5.0%
AFK
NOK 186.50
Arendals Fossekompani
7D
-4.4%
1Y
29.5%
WAWI
NOK 159.10
Wallenius Wilhelmsen
7D
-0.2%
1Y
68.3%
VEI
NOK 207.50
Veidekke
7D
3.5%
1Y
30.5%
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AUTO
NOK 16.07
AutoStore Holdings
7D
1.6%
1Y
86.5%
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AutoStore Holdings Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

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OTOVO
NOK 11.50
Otovo
7D
-7.3%
1Y
-25.3%
WWI
NOK 810.00
Wilh. Wilhelmsen Holding
7D
3.7%
1Y
57.0%
BMA
NOK 23.00
Byggma
7D
-1.7%
1Y
27.1%
GOD
NOK 13.15
Goodtech
7D
-5.1%
1Y
44.8%
KOG
NOK 315.40
Kongsberg Gruppen
7D
-1.8%
1Y
6.3%
KMAR
NOK 56.50
Kongsberg Maritime
7D
3.1%
1Y
n/a
STECH
NOK 86.00
Soiltech
7D
-2.9%
1Y
38.7%