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Norwegian (OSEAX) Industrials Sector Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies63
  • 7D0.8%
  • 3M-3.3%
  • 1Y10.3%
  • YTD8.5%

Last week, the Industrials industry hasn't moved much but Kongsberg Gruppen is up 4.6% in that time. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Sep 2025NOK 710.6bNOK 439.4bNOK 43.0b14.7x16.5x1.6x
Tue, 26 Aug 2025NOK 693.9bNOK 438.6bNOK 42.2b16.4x16.5x1.6x
Thu, 24 Jul 2025NOK 697.9bNOK 444.1bNOK 44.2b15.3x15.8x1.6x
Sat, 21 Jun 2025NOK 749.7bNOK 433.0bNOK 38.6b15.2x19.4x1.7x
Mon, 19 May 2025NOK 675.4bNOK 431.0bNOK 36.8b15.2x18.3x1.6x
Wed, 16 Apr 2025NOK 649.6bNOK 430.6bNOK 37.9b12.3x17.1x1.5x
Fri, 14 Mar 2025NOK 665.9bNOK 434.9bNOK 41.0b12.4x16.3x1.5x
Sun, 09 Feb 2025NOK 626.7bNOK 445.2bNOK 42.5b11.3x14.7x1.4x
Tue, 07 Jan 2025NOK 640.1bNOK 444.0bNOK 43.1b12.2x14.9x1.4x
Thu, 05 Dec 2024NOK 674.2bNOK 440.1bNOK 42.3b11.7x15.9x1.5x
Sat, 02 Nov 2024NOK 632.7bNOK 439.2bNOK 40.6b12.9x15.6x1.4x
Mon, 30 Sep 2024NOK 635.7bNOK 423.6bNOK 37.9b12.5x16.8x1.5x
Wed, 28 Aug 2024NOK 634.4bNOK 427.4bNOK 38.2b12.2x16.6x1.5x
Fri, 26 Jul 2024NOK 647.0bNOK 436.8bNOK 37.5b10.9x17.3x1.5x
Sun, 23 Jun 2024NOK 605.7bNOK 421.2bNOK 34.4b11.3x17.6x1.4x
Tue, 21 May 2024NOK 623.8bNOK 420.2bNOK 35.1b11.9x17.8x1.5x
Thu, 18 Apr 2024NOK 584.8bNOK 421.2bNOK 34.9b12.3x16.8x1.4x
Sat, 16 Mar 2024NOK 566.9bNOK 411.8bNOK 23.8b12.5x23.8x1.4x
Mon, 12 Feb 2024NOK 549.7bNOK 409.9bNOK 24.6b10.6x22.3x1.3x
Wed, 10 Jan 2024NOK 551.3bNOK 430.5bNOK 22.3b11.3x24.8x1.3x
Fri, 08 Dec 2023NOK 518.1bNOK 430.8bNOK 25.0b10.4x20.8x1.2x
Sun, 05 Nov 2023NOK 500.2bNOK 433.8bNOK 27.1b10.7x18.5x1.2x
Tue, 03 Oct 2023NOK 502.9bNOK 424.1bNOK 21.6b11.5x23.2x1.2x
Thu, 31 Aug 2023NOK 527.0bNOK 418.7bNOK 21.4b11.1x24.7x1.3x
Sat, 29 Jul 2023NOK 554.4bNOK 408.8bNOK 16.9b15.2x32.8x1.4x
Mon, 26 Jun 2023NOK 567.3bNOK 427.8bNOK 39.7b15.9x14.3x1.3x
Wed, 24 May 2023NOK 564.7bNOK 424.6bNOK 40.6b14.5x13.9x1.3x
Fri, 21 Apr 2023NOK 560.4bNOK 412.4bNOK 40.5b14.2x13.9x1.4x
Sun, 19 Mar 2023NOK 540.0bNOK 413.4bNOK 45.7b12.9x11.8x1.3x
Tue, 14 Feb 2023NOK 571.0bNOK 392.3bNOK 46.5b11.9x12.3x1.5x
Thu, 12 Jan 2023NOK 575.2bNOK 388.5bNOK 46.1b10.1x12.5x1.5x
Sat, 10 Dec 2022NOK 549.7bNOK 380.9bNOK 44.9b12.3x12.2x1.4x
Mon, 07 Nov 2022NOK 537.2bNOK 382.6bNOK 45.2b11.2x11.9x1.4x
Wed, 05 Oct 2022NOK 488.8bNOK 371.9bNOK 39.6b12.7x12.3x1.3x
Price to Earnings Ratio

12.3x


Total Market Cap: NOK 488.8bTotal Earnings: NOK 39.6bTotal Revenue: NOK 371.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Industrials Sector Price to Earnings3Y Average 17.3x202320242025
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 17.3x.
  • 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 2.8% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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 Market1.34%
Industrials0.80%
Building7.74%
Electrical6.52%
Aerospace & Defense4.53%
Professional Services2.28%
Commercial Services2.21%
Industrials0.85%
Logistics0%0
Transportation0%0
Infrastructure0%0
Marine and Shipping-1.38%
Airlines-1.84%
Construction-2.48%
Machinery-3.66%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 12.0x.
    • Analysts are expecting annual earnings decline of 8.9%, which is less than its past year's earnings decline of 40.9%.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 69% over the next 5 years.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 11% 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 319.054.6%
+NOK 12.2b		54.9%PE41.8x
AKER AkerNOK 777.001.7%
+NOK 965.6m		42.3%PE812.9x
NEL NelNOK 2.2710.5%
+NOK 397.0m		-52.0%PS3.8x
HAUTO Höegh AutolinersNOK 112.100.9%
+NOK 190.8m		-20.0%PE3.5x
HPUR Hexagon PurusNOK 1.9025.0%
+NOK 162.8m		-82.5%PS0.6x

Latest News

NEL
NOK 2.27
Nel
7D
10.5%
1Y
-52.0%

Nel (OB:NEL) Is In A Good Position To Deliver On Growth Plans

Sep 27
Nel (OB:NEL) Is In A Good Position To Deliver On Growth Plans
BMA
NOK 16.70
Byggma
7D
7.7%
1Y
-2.6%

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Sep 26
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VEI
NOK 158.00
Veidekke
7D
-2.6%
1Y
28.2%
TOM
NOK 148.50
Tomra Systems
7D
-4.8%
1Y
-4.9%
AUTO
NOK 9.04
AutoStore Holdings
7D
-2.7%
1Y
-17.7%
KOG
NOK 319.05
Kongsberg Gruppen
7D
4.6%
1Y
54.9%

Subdued Growth No Barrier To Kongsberg Gruppen ASA's (OB:KOG) Price

Sep 22
Subdued Growth No Barrier To Kongsberg Gruppen ASA's (OB:KOG) Price
HPUR
NOK 1.90
Hexagon Purus
7D
25.0%
1Y
-82.5%

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The consensus price target for Hexagon Purus has been lowered, primarily reflecting a notable decline in its future P/E ratio, with fair value revised downward from NOK3.95 to NOK3.53. Valuation Changes Summary of Valuation Changes for Hexagon Purus The Consensus Analyst Price Target has significantly fallen from NOK3.95 to NOK3.53.
WWI
NOK 518.00
Wilh. Wilhelmsen Holding
7D
-2.6%
1Y
13.8%

Wilh. Wilhelmsen Holding (OB:WWI) Hasn't Managed To Accelerate Its Returns

Sep 17
Wilh. Wilhelmsen Holding (OB:WWI) Hasn't Managed To Accelerate Its Returns
MPCC
NOK 17.08
MPC Container Ships
7D
-4.3%
1Y
-27.8%
ODF
NOK 122.40
Odfjell
7D
-5.8%
1Y
-13.8%
AFG
NOK 165.80
AF Gruppen
7D
-2.5%
1Y
33.9%
AKH
NOK 0.69
Aker Horizons
7D
34.4%
1Y
-73.3%
CADLR
NOK 50.95
Cadeler
7D
-2.1%
1Y
-29.8%

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AKER
NOK 777.00
Aker
7D
1.7%
1Y
42.3%

Aker's (OB:AKER) Returns On Capital Are Heading Higher

Aug 28
Aker's (OB:AKER) Returns On Capital Are Heading Higher
HAUTO
NOK 112.10
Höegh Autoliners
7D
0.9%
1Y
-20.0%

US Tariffs And Cargo Shifts Will Exacerbate Cost Pressures

The upward revision in fair value for Höegh Autoliners is primarily driven by a sharp increase in its future P/E multiple, partially offset by a modest improvement in expected revenue growth trends, resulting in a new consensus analyst price target of NOK94.93. Valuation Changes Summary of Valuation Changes for Höegh Autoliners The Consensus Analyst Price Target has risen from NOK90.16 to NOK94.93.
AGLX
NOK 24.30
Agilyx
7D
4.1%
1Y
-22.9%