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Norwegian (OSEAX) Industrials Sector Analysis

UpdatedAug 13, 2025
DataAggregated Company Financials
Companies63
  • 7D-1.0%
  • 3M2.8%
  • 1Y5.9%
  • YTD4.9%

Over the last 7 days, the Industrials industry has dropped 1.0%, driven by Kongsberg Gruppen declining 3.6%. In the past year, the industry has gained 5.9%. 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
Wed, 13 Aug 2025NOK 685.0bNOK 440.3bNOK 41.9b16x16.3x1.6x
Fri, 11 Jul 2025NOK 707.1bNOK 431.4bNOK 38.0b15.4x18.6x1.6x
Sun, 08 Jun 2025NOK 715.7bNOK 432.7bNOK 38.6b15.5x18.6x1.7x
Tue, 06 May 2025NOK 678.4bNOK 425.7bNOK 36.7b12.6x18.5x1.6x
Thu, 03 Apr 2025NOK 639.2bNOK 430.5bNOK 40.6b13.5x15.7x1.5x
Sat, 01 Mar 2025NOK 639.2bNOK 446.5bNOK 43.3b13.3x14.7x1.4x
Mon, 27 Jan 2025NOK 656.3bNOK 442.4bNOK 42.1b11.2x15.6x1.5x
Wed, 25 Dec 2024NOK 643.7bNOK 445.3bNOK 43.3b11.1x14.9x1.4x
Fri, 22 Nov 2024NOK 653.2bNOK 440.0bNOK 41.8b11.8x15.6x1.5x
Sun, 20 Oct 2024NOK 640.6bNOK 430.9bNOK 39.5b12.7x16.2x1.5x
Tue, 17 Sep 2024NOK 637.1bNOK 418.6bNOK 36.7b12.7x17.4x1.5x
Thu, 15 Aug 2024NOK 645.5bNOK 429.7bNOK 35.4b11.1x18.2x1.5x
Sat, 13 Jul 2024NOK 647.4bNOK 425.4bNOK 36.0b11.6x18x1.5x
Mon, 10 Jun 2024NOK 627.2bNOK 423.7bNOK 34.8b11.5x18x1.5x
Wed, 08 May 2024NOK 606.2bNOK 423.6bNOK 35.0b12.2x17.3x1.4x
Fri, 05 Apr 2024NOK 586.1bNOK 415.3bNOK 33.5b12.5x17.5x1.4x
Sun, 03 Mar 2024NOK 556.8bNOK 409.6bNOK 23.4b12.7x23.8x1.4x
Tue, 30 Jan 2024NOK 563.3bNOK 432.6bNOK 21.8b11x25.8x1.3x
Thu, 28 Dec 2023NOK 547.3bNOK 417.4bNOK 22.7b11.3x24.1x1.3x
Sat, 25 Nov 2023NOK 517.1bNOK 428.6bNOK 25.6b10.6x20.2x1.2x
Mon, 23 Oct 2023NOK 485.9bNOK 427.9bNOK 22.3b11.3x21.8x1.1x
Wed, 20 Sep 2023NOK 522.9bNOK 422.8bNOK 21.5b12x24.3x1.2x
Fri, 18 Aug 2023NOK 537.4bNOK 414.3bNOK 23.0b13.2x23.4x1.3x
Sun, 16 Jul 2023NOK 548.4bNOK 419.5bNOK 33.9b14.3x16.2x1.3x
Tue, 13 Jun 2023NOK 564.7bNOK 425.5bNOK 39.3b16.2x14.4x1.3x
Thu, 11 May 2023NOK 553.7bNOK 413.6bNOK 39.7b14.5x13.9x1.3x
Sat, 08 Apr 2023NOK 556.2bNOK 410.6bNOK 40.2b13.7x13.8x1.4x
Mon, 06 Mar 2023NOK 584.8bNOK 407.7bNOK 46.3b13x12.6x1.4x
Wed, 01 Feb 2023NOK 565.8bNOK 388.6bNOK 46.0b10.8x12.3x1.5x
Fri, 30 Dec 2022NOK 537.9bNOK 386.2bNOK 45.8b9.7x11.7x1.4x
Sun, 27 Nov 2022NOK 543.8bNOK 378.4bNOK 44.5b10.4x12.2x1.4x
Tue, 25 Oct 2022NOK 488.0bNOK 379.2bNOK 41.9b11.7x11.7x1.3x
Thu, 22 Sep 2022NOK 480.9bNOK 368.7bNOK 39.2b13.5x12.3x1.3x
Sat, 20 Aug 2022NOK 545.5bNOK 348.1bNOK 41.5b12.4x13.1x1.6x
Price to Earnings Ratio

13.1x


Total Market Cap: NOK 545.5bTotal Earnings: NOK 41.5bTotal Revenue: NOK 348.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Industrials Sector Price to Earnings3Y Average 17.2x202320242025
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 17.2x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.2% 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 Market-0.16%
Industrials-1.00%
Logistics8.13%
Marine and Shipping1.74%
Professional Services1.36%
Commercial Services0.79%
Industrials0.53%
Construction0.51%
Machinery0.31%
Transportation0%0
Infrastructure0%0
Building-0.55%
Electrical-1.89%
Aerospace & Defense-3.66%
Airlines-4.02%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 9.5x.
    • Analysts are expecting annual earnings decline of 8.4%, 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 54% over the next 5 years.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 10% 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
WAWI Wallenius WilhelmsenNOK 102.204.8%
+NOK 2.0b		-5.7%PE3.8x
TOM Tomra SystemsNOK 151.104.1%
+NOK 1.8b		-4.7%PE35.7x
AFG AF GruppenNOK 162.003.2%
+NOK 546.1m		24.6%PE25.1x
VEI VeidekkeNOK 170.002.4%
+NOK 540.2m		43.8%PE18.6x
HEX Hexagon CompositesNOK 19.5013.4%
+NOK 473.6m		-42.1%PS0.8x

Latest News

WAWI
NOK 102.20
Wallenius Wilhelmsen
7D
4.8%
1Y
-5.7%
KCC
NOK 72.00
Klaveness Combination Carriers
7D
-5.1%
1Y
-27.9%
KOG
NOK 295.55
Kongsberg Gruppen
7D
-3.1%
1Y
34.2%

Kongsberg Gruppen (OB:KOG) Is Investing Its Capital With Increasing Efficiency

Aug 08
Kongsberg Gruppen (OB:KOG) Is Investing Its Capital With Increasing Efficiency
AUTO
NOK 6.69
AutoStore Holdings
7D
-1.2%
1Y
-49.4%
TOM
NOK 151.10
Tomra Systems
7D
4.1%
1Y
-4.7%
AFG
NOK 162.00
AF Gruppen
7D
3.2%
1Y
24.6%
WWI
NOK 499.00
Wilh. Wilhelmsen Holding
7D
1.8%
1Y
24.9%

Wilh. Wilhelmsen Holding ASA's (OB:WWI) Earnings Are Not Doing Enough For Some Investors

Aug 04
Wilh. Wilhelmsen Holding ASA's (OB:WWI) Earnings Are Not Doing Enough For Some Investors
VEI
NOK 170.00
Veidekke
7D
2.4%
1Y
43.8%

When Should You Buy Veidekke ASA (OB:VEI)?

Jul 30
When Should You Buy Veidekke ASA (OB:VEI)?
AKER
NOK 685.00
Aker
7D
-2.3%
1Y
12.9%

There May Be Some Bright Spots In Aker's (OB:AKER) Earnings

Jul 24
There May Be Some Bright Spots In Aker's (OB:AKER) Earnings
NAS
NOK 16.01
Norwegian Air Shuttle
7D
-1.2%
1Y
55.4%

Earnings Update: Here's Why Analysts Just Lifted Their Norwegian Air Shuttle ASA (OB:NAS) Price Target To kr16.32

Jul 16
Earnings Update: Here's Why Analysts Just Lifted Their Norwegian Air Shuttle ASA (OB:NAS) Price Target To kr16.32
CADLR
NOK 50.50
Cadeler
7D
-7.0%
1Y
-26.5%

Cadeler A/S (OB:CADLR) Not Lagging Industry On Growth Or Pricing

Jul 09
Cadeler A/S (OB:CADLR) Not Lagging Industry On Growth Or Pricing
ODF
NOK 126.80
Odfjell
7D
-3.8%
1Y
-20.8%

Here's Why We Think Odfjell (OB:ODF) Might Deserve Your Attention Today

Jul 04
Here's Why We Think Odfjell (OB:ODF) Might Deserve Your Attention Today
MULTI
NOK 203.00
Multiconsult
7D
-6.0%
1Y
20.5%
HAUTO
NOK 112.70
Höegh Autoliners
7D
1.9%
1Y
-11.9%
HEX
NOK 19.50
Hexagon Composites
7D
13.4%
1Y
-42.1%
MORLD
NOK 21.10
Moreld
7D
11.6%
1Y
n/a