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Norwegian (OSEAX) Industrials Sector Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies57
  • 7D2.6%
  • 3M-6.1%
  • 1Y6.1%
  • YTD0%

Over the last 7 days, the Industrials industry has risen 2.6%, driven by gains from Kongsberg Gruppen of 3.3%. This takes the industry's 12 month performance to a gain of 6.1%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Jan 2026NOK 672.9bNOK 444.0bNOK 43.7b17.5x15.4x1.5x
Tue, 02 Dec 2025NOK 636.5bNOK 445.4bNOK 45.0b15.6x14.1x1.4x
Thu, 30 Oct 2025NOK 675.7bNOK 439.7bNOK 43.5b14.6x15.5x1.5x
Sat, 27 Sep 2025NOK 710.6bNOK 439.4bNOK 43.0b14.7x16.5x1.6x
Mon, 25 Aug 2025NOK 695.7bNOK 437.5bNOK 41.9b16.6x16.6x1.6x
Wed, 23 Jul 2025NOK 691.9bNOK 443.5bNOK 44.1b14.8x15.7x1.6x
Fri, 20 Jun 2025NOK 744.0bNOK 431.6bNOK 38.3b15x19.4x1.7x
Sun, 18 May 2025NOK 675.4bNOK 431.0bNOK 36.8b15.2x18.3x1.6x
Tue, 15 Apr 2025NOK 637.8bNOK 429.4bNOK 37.7b12.2x16.9x1.5x
Thu, 13 Mar 2025NOK 655.5bNOK 433.6bNOK 41.0b12.2x16x1.5x
Sat, 08 Feb 2025NOK 626.7bNOK 445.3bNOK 42.5b11.3x14.7x1.4x
Mon, 06 Jan 2025NOK 644.5bNOK 445.2bNOK 43.3b12.1x14.9x1.4x
Wed, 04 Dec 2024NOK 667.1bNOK 440.4bNOK 42.4b11.7x15.7x1.5x
Fri, 01 Nov 2024NOK 638.8bNOK 437.8bNOK 40.0b12.9x16x1.5x
Sun, 29 Sep 2024NOK 635.7bNOK 423.6bNOK 37.9b12.5x16.8x1.5x
Tue, 27 Aug 2024NOK 635.2bNOK 428.9bNOK 38.5b12.2x16.5x1.5x
Thu, 25 Jul 2024NOK 659.7bNOK 436.8bNOK 37.4b11x17.6x1.5x
Sat, 22 Jun 2024NOK 605.7bNOK 421.2bNOK 34.4b11.3x17.6x1.4x
Mon, 20 May 2024NOK 623.8bNOK 420.4bNOK 35.1b11.9x17.8x1.5x
Wed, 17 Apr 2024NOK 589.3bNOK 420.9bNOK 34.7b13.2x17x1.4x
Fri, 15 Mar 2024NOK 560.7bNOK 410.9bNOK 23.6b12.4x23.7x1.4x
Sun, 11 Feb 2024NOK 549.7bNOK 409.9bNOK 24.6b10.6x22.3x1.3x
Tue, 09 Jan 2024NOK 548.4bNOK 430.6bNOK 22.3b11.3x24.6x1.3x
Thu, 07 Dec 2023NOK 523.6bNOK 432.0bNOK 27.1b10.5x19.3x1.2x
Sat, 04 Nov 2023NOK 500.2bNOK 433.0bNOK 24.2b10.8x20.7x1.2x
Mon, 02 Oct 2023NOK 502.9bNOK 422.0bNOK 21.3b11.6x23.6x1.2x
Wed, 30 Aug 2023NOK 525.3bNOK 419.8bNOK 21.4b12.4x24.6x1.3x
Fri, 28 Jul 2023NOK 551.8bNOK 406.7bNOK 16.6b15.2x33.2x1.4x
Sun, 25 Jun 2023NOK 567.3bNOK 427.8bNOK 39.7b15.9x14.3x1.3x
Tue, 23 May 2023NOK 562.5bNOK 424.0bNOK 40.5b14.2x13.9x1.3x
Thu, 20 Apr 2023NOK 563.8bNOK 412.2bNOK 40.5b14.3x13.9x1.4x
Sat, 18 Mar 2023NOK 539.9bNOK 412.8bNOK 45.6b12.9x11.8x1.3x
Mon, 13 Feb 2023NOK 568.9bNOK 392.1bNOK 46.8b12.1x12.2x1.5x
Wed, 11 Jan 2023NOK 564.6bNOK 388.2bNOK 46.1b9.9x12.3x1.5x
Price to Earnings Ratio

12.3x


Total Market Cap: NOK 564.6bTotal Earnings: NOK 46.1bTotal Revenue: NOK 388.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Industrials Sector Price to Earnings3Y Average 17.6x202420252026
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 15.4x which is lower than its 3-year average PE of 17.6x.
  • 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 4.6% 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 Market1.94%
Industrials2.62%
Machinery5.18%
Electrical3.26%
Aerospace & Defense3.24%
Industrials3.18%
Building2.80%
Airlines1.91%
Professional Services1.59%
Marine and Shipping1.50%
Construction0.15%
Logistics0%0
Transportation0%0
Infrastructure0%0
Commercial Services-2.11%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 16.4x.
    • Analysts are expecting annual earnings decline of 7.2%, 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 73% 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
KOG Kongsberg GruppenNOK 269.203.3%
+NOK 7.5b		7.6%PE33.6x
AUTO AutoStore HoldingsNOK 12.059.8%
+NOK 3.6b		18.0%PE49.6x
AKER AkerNOK 779.004.0%
+NOK 2.2b		34.1%PE810.4x
TOM Tomra SystemsNOK 136.502.8%
+NOK 1.1b		-8.7%PE34.3x
WWI Wilh. Wilhelmsen HoldingNOK 587.002.6%
+NOK 629.3m		42.1%PE4x

Latest News

WWI
NOK 587.00
Wilh. Wilhelmsen Holding
7D
2.6%
1Y
42.1%

If EPS Growth Is Important To You, Wilh. Wilhelmsen Holding (OB:WWI) Presents An Opportunity

Jan 04
If EPS Growth Is Important To You, Wilh. Wilhelmsen Holding (OB:WWI) Presents An Opportunity
PYRUM
NOK 341.00
Pyrum Innovations
7D
-10.5%
1Y
6.6%
WAWI
NOK 100.50
Wallenius Wilhelmsen
7D
1.4%
1Y
5.5%

Are Investors Undervaluing Wallenius Wilhelmsen ASA (OB:WAWI) By 37%?

Dec 30
Are Investors Undervaluing Wallenius Wilhelmsen ASA (OB:WAWI) By 37%?
AKVA
NOK 88.00
AKVA group
7D
-2.2%
1Y
26.4%

AKVA: Higher 2027 EBIT Margin Outlook Will Support Stronger Earnings

Analysts have raised their fair value estimate for AKVA group from NOK 80 to NOK 105, citing expectations for slightly faster revenue growth, improved profit margins and a higher justified future P/E multiple despite a modest uptick in the discount rate. What's in the News Issued new earnings guidance for 2025, targeting minimum revenue of NOK 4 billion and an EBIT margin of at least 6 percent (company guidance).
HPUR
NOK 1.39
Hexagon Purus
7D
-4.1%
1Y
-74.4%

HPUR: Future Profitability Reset May Drive Attractive Upside Potential

Analysts have lowered their price target on Hexagon Purus from NOK 6.20 to NOK 2.20, citing slightly higher discount rates, more conservative profit margin assumptions, and a reduced future P/E multiple. Together, these factors outweigh modestly stronger revenue growth expectations.
ENDUR
NOK 89.00
Endúr
7D
-0.9%
1Y
28.1%
HAUTO
NOK 97.85
Höegh Autoliners
7D
2.5%
1Y
-15.1%
NAS
NOK 17.61
Norwegian Air Shuttle
7D
1.9%
1Y
57.7%

NAS: Leisure Demand Resilience Will Likely Prove Insufficient To Justify Current Optimism

Analysts have modestly raised their fair value estimate for Norwegian Air Shuttle from NOK 13.00 to about NOK 13.49, reflecting improved confidence in the carrier's short haul and leisure focused strategy, despite more tempered expectations for revenue growth and profit margins. Analyst Commentary Recent research updates highlight a more constructive stance on Norwegian Air Shuttle, with some institutions lifting their ratings and price targets in recognition of the airline's disciplined capacity management and focus on profitable short haul and leisure routes.
AUTO
NOK 12.05
AutoStore Holdings
7D
9.8%
1Y
18.0%

AutoStore Holdings Ltd.'s (OB:AUTO) Intrinsic Value Is Potentially 98% Above Its Share Price

Dec 17
AutoStore Holdings Ltd.'s (OB:AUTO) Intrinsic Value Is Potentially 98% Above Its Share Price
KOG
NOK 269.20
Kongsberg Gruppen
7D
3.3%
1Y
7.6%

The Trend Of High Returns At Kongsberg Gruppen (OB:KOG) Has Us Very Interested

Dec 17
The Trend Of High Returns At Kongsberg Gruppen (OB:KOG) Has Us Very Interested
TOM
NOK 136.50
Tomra Systems
7D
2.8%
1Y
-8.7%

Should You Think About Buying Tomra Systems ASA (OB:TOM) Now?

Dec 16
Should You Think About Buying Tomra Systems ASA (OB:TOM) Now?
MULTI
NOK 175.50
Multiconsult
7D
-2.2%
1Y
-11.4%
NRC
NOK 8.90
NRC Group
7D
-5.6%
1Y
90.2%
AFK
NOK 134.50
Arendals Fossekompani
7D
-0.4%
1Y
-4.9%
NORCO
NOK 44.40
Norconsult
7D
-2.0%
1Y
2.2%
AKER
NOK 779.00
Aker
7D
4.0%
1Y
34.1%