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Norwegian (OSEAX) Industrials Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies61
  • 7D0.1%
  • 3M-8.8%
  • 1Y-2.8%
  • YTD-3.3%

The Industrials is pretty flat in the last 7 days, but AutoStore Holdings has stood out, gaining 9.8%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025NOK 633.2bNOK 441.1bNOK 44.2b14.9x14.3x1.4x
Mon, 13 Oct 2025NOK 688.0bNOK 441.5bNOK 43.2b14.1x15.9x1.6x
Wed, 10 Sep 2025NOK 687.6bNOK 438.7bNOK 43.1b14.5x16x1.6x
Fri, 08 Aug 2025NOK 683.3bNOK 440.6bNOK 42.0b16x16.3x1.6x
Sun, 06 Jul 2025NOK 735.1bNOK 432.6bNOK 38.0b15.7x19.3x1.7x
Tue, 03 Jun 2025NOK 699.7bNOK 432.1bNOK 38.4b14.9x18.2x1.6x
Thu, 01 May 2025NOK 661.4bNOK 426.0bNOK 36.9b12.5x17.9x1.6x
Sat, 29 Mar 2025NOK 648.4bNOK 432.0bNOK 41.0b12.8x15.8x1.5x
Mon, 24 Feb 2025NOK 654.6bNOK 445.2bNOK 42.5b12.6x15.4x1.5x
Wed, 22 Jan 2025NOK 639.4bNOK 444.2bNOK 42.5b11.5x15.1x1.4x
Fri, 20 Dec 2024NOK 633.3bNOK 447.1bNOK 43.7b11.4x14.5x1.4x
Sun, 17 Nov 2024NOK 644.6bNOK 440.2bNOK 42.0b11.8x15.4x1.5x
Tue, 15 Oct 2024NOK 639.8bNOK 427.0bNOK 38.7b12.8x16.5x1.5x
Thu, 12 Sep 2024NOK 614.5bNOK 429.5bNOK 39.3b12.7x15.7x1.4x
Sat, 10 Aug 2024NOK 616.6bNOK 431.3bNOK 35.7b10.9x17.3x1.4x
Mon, 08 Jul 2024NOK 614.3bNOK 419.1bNOK 33.9b11.7x18.1x1.5x
Wed, 05 Jun 2024NOK 623.6bNOK 419.1bNOK 34.3b11.6x18.2x1.5x
Fri, 03 May 2024NOK 597.2bNOK 425.2bNOK 35.6b13.1x16.8x1.4x
Sun, 31 Mar 2024NOK 585.1bNOK 417.0bNOK 33.8b12.8x17.3x1.4x
Tue, 27 Feb 2024NOK 559.1bNOK 410.4bNOK 23.5b12.3x23.8x1.4x
Thu, 25 Jan 2024NOK 567.0bNOK 433.0bNOK 21.9b11x25.9x1.3x
Sat, 23 Dec 2023NOK 543.9bNOK 419.8bNOK 23.1b11.3x23.5x1.3x
Mon, 20 Nov 2023NOK 512.1bNOK 430.0bNOK 26.4b11.7x19.4x1.2x
Wed, 18 Oct 2023NOK 501.4bNOK 425.7bNOK 22.1b11.2x22.7x1.2x
Fri, 15 Sep 2023NOK 527.8bNOK 422.4bNOK 21.4b12.3x24.6x1.2x
Sun, 13 Aug 2023NOK 539.4bNOK 413.4bNOK 17.6b14.1x30.6x1.3x
Tue, 11 Jul 2023NOK 545.8bNOK 422.8bNOK 38.4b16.2x14.2x1.3x
Thu, 08 Jun 2023NOK 560.4bNOK 429.4bNOK 39.9b15.8x14x1.3x
Sat, 06 May 2023NOK 553.1bNOK 414.4bNOK 40.0b14.8x13.8x1.3x
Mon, 03 Apr 2023NOK 558.4bNOK 409.9bNOK 42.1b13.7x13.3x1.4x
Wed, 01 Mar 2023NOK 581.1bNOK 406.1bNOK 48.6b10.6x12x1.4x
Fri, 27 Jan 2023NOK 558.1bNOK 386.8bNOK 45.8b10x12.2x1.4x
Sun, 25 Dec 2022NOK 539.8bNOK 380.9bNOK 45.1b11.7x12x1.4x
Tue, 22 Nov 2022NOK 528.7bNOK 386.2bNOK 46.7b10.3x11.3x1.4x
Price to Earnings Ratio

11.3x


Total Market Cap: NOK 528.7bTotal Earnings: NOK 46.7bTotal Revenue: NOK 386.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Industrials Sector Price to Earnings3Y Average 17.5x202320242025
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 14.2x which is lower than its 3-year average PE of 17.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

NO Market0.65%
Industrials0.14%
Commercial Services4.56%
Industrials2.27%
Construction2.16%
Airlines2.15%
Logistics2.01%
Machinery0.015%
Transportation0%0
Infrastructure0%0
Aerospace & Defense-0.83%
Marine and Shipping-0.96%
Professional Services-3.41%
Building-4.17%
Electrical-4.31%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 14.8x.
    • Analysts are expecting annual earnings decline of 12.1%, which is lower than the prior year's growth of 19.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 70% over the next 5 years.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 14% 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 804.002.7%
+NOK 1.6b		40.1%PE838x
AFG AF GruppenNOK 179.807.3%
+NOK 1.3b		30.3%PE20x
TOM Tomra SystemsNOK 121.403.1%
+NOK 1.1b		-18.7%PE30.6x
CADLR CadelerNOK 46.346.7%
+NOK 1.0b		-30.7%PE6x
NAS Norwegian Air ShuttleNOK 15.432.2%
+NOK 343.0m		39.8%PE6.8x

Latest News

SNTIA
NOK 63.08
Sentia
7D
4.8%
1Y
n/a
AFG
NOK 179.80
AF Gruppen
7D
7.3%
1Y
30.3%
TOM
NOK 121.40
Tomra Systems
7D
3.1%
1Y
-18.7%
WWI
NOK 511.00
Wilh. Wilhelmsen Holding
7D
-1.0%
1Y
20.4%

Shareholders Can Be Confident That Wilh. Wilhelmsen Holding's (OB:WWI) Earnings Are High Quality

Nov 13
Shareholders Can Be Confident That Wilh. Wilhelmsen Holding's (OB:WWI) Earnings Are High Quality
ZAP
NOK 24.35
Zaptec
7D
-6.5%
1Y
175.0%

The Strong Earnings Posted By Zaptec (OB:ZAP) Are A Good Indication Of The Strength Of The Business

Nov 13
The Strong Earnings Posted By Zaptec (OB:ZAP) Are A Good Indication Of The Strength Of The Business
SNI
NOK 337.50
Stolt-Nielsen
7D
-1.2%
1Y
8.7%

Stolt-Nielsen (OB:SNI) Has A Somewhat Strained Balance Sheet

Nov 12
Stolt-Nielsen (OB:SNI) Has A Somewhat Strained Balance Sheet
HEX
NOK 6.54
Hexagon Composites
7D
-9.5%
1Y
-85.7%
VEI
NOK 162.20
Veidekke
7D
1.2%
1Y
20.5%
AUTO
NOK 10.10
AutoStore Holdings
7D
-3.3%
1Y
-14.4%
NAS
NOK 15.43
Norwegian Air Shuttle
7D
2.2%
1Y
39.8%

NAS: Short Haul And Leisure Focus Will Drive Performance Into September Results

Narrative Update on Norwegian Air Shuttle The analyst price target for Norwegian Air Shuttle has increased from NOK 17.00 to NOK 17.75. This change reflects analysts' preference for short haul and leisure segment performance among European airlines ahead of the September quarter results.
NORCO
NOK 44.50
Norconsult
7D
-5.3%
1Y
14.5%
KOG
NOK 244.90
Kongsberg Gruppen
7D
-0.9%
1Y
2.0%

We Think Kongsberg Gruppen's (OB:KOG) Profit Is Only A Baseline For What They Can Achieve

Nov 06
We Think Kongsberg Gruppen's (OB:KOG) Profit Is Only A Baseline For What They Can Achieve
AKER
NOK 804.00
Aker
7D
2.7%
1Y
40.1%
HAUTO
NOK 85.95
Höegh Autoliners
7D
-5.1%
1Y
-30.1%
AGLX
NOK 21.70
Agilyx
7D
9.0%
1Y
-36.5%
CADLR
NOK 46.34
Cadeler
7D
6.7%
1Y
-30.7%

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