Narrative Update • May 24

In the last week, the Aerospace & Defense industry is up 5.2%, with all of the companies up. In the past year, the industry is down 11%. Earnings are forecast to grow by 24% annually.
Has the Norwegian Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | NOK 294.7b | NOK 33.6b | NOK 4.2b | 61x | 71x | 8.8x |
| Tue, 28 Apr 2026 | NOK 275.4b | NOK 31.6b | NOK 3.6b | 65.6x | 77.3x | 8.7x |
| Thu, 26 Mar 2026 | NOK 349.4b | NOK 31.7b | NOK 3.8b | 83.3x | 93.1x | 11x |
| Sat, 21 Feb 2026 | NOK 350.9b | NOK 31.6b | NOK 3.8b | 83.8x | 91.2x | 11.1x |
| Mon, 19 Jan 2026 | NOK 293.6b | NOK 54.6b | NOK 6.7b | 41.5x | 43.8x | 5.4x |
| Wed, 17 Dec 2025 | NOK 218.1b | NOK 54.6b | NOK 6.7b | 30.8x | 32.5x | 4x |
| Fri, 14 Nov 2025 | NOK 218.5b | NOK 54.6b | NOK 6.7b | 30.8x | 32.6x | 4x |
| Sun, 12 Oct 2025 | NOK 270.2b | NOK 53.2b | NOK 6.4b | 40.1x | 42.4x | 5.1x |
| Tue, 09 Sep 2025 | NOK 264.3b | NOK 53.2b | NOK 6.4b | 39.2x | 41.5x | 5x |
| Thu, 07 Aug 2025 | NOK 269.4b | NOK 53.2b | NOK 6.5b | 39.9x | 41.5x | 5.1x |
| Sat, 05 Jul 2025 | NOK 324.2b | NOK 52.1b | NOK 6.1b | 51.4x | 53.4x | 6.2x |
| Mon, 02 Jun 2025 | NOK 317.2b | NOK 52.1b | NOK 6.1b | 50.3x | 52.3x | 6.1x |
| Wed, 30 Apr 2025 | NOK 283.1b | NOK 48.9b | NOK 4.9b | 54.9x | 57.7x | 5.8x |
| Fri, 28 Mar 2025 | NOK 276.5b | NOK 48.9b | NOK 4.6b | 53.6x | 59.9x | 5.7x |
| Sun, 23 Feb 2025 | NOK 237.3b | NOK 49.1b | NOK 4.4b | 45.9x | 54.4x | 4.8x |
| Tue, 21 Jan 2025 | NOK 226.4b | NOK 47.1b | NOK 4.1b | 46.5x | 55.9x | 4.8x |
| Thu, 19 Dec 2024 | NOK 226.3b | NOK 47.1b | NOK 4.1b | 46.5x | 55.8x | 4.8x |
| Sat, 16 Nov 2024 | NOK 212.5b | NOK 47.1b | NOK 4.1b | 43.7x | 51.5x | 4.5x |
| Mon, 14 Oct 2024 | NOK 190.2b | NOK 45.2b | NOK 3.8b | 41.8x | 49.6x | 4.2x |
| Wed, 11 Sep 2024 | NOK 186.5b | NOK 45.2b | NOK 3.8b | 41x | 48.8x | 4.1x |
| Fri, 09 Aug 2024 | NOK 181.4b | NOK 45.1b | NOK 4.3b | 40.2x | 42x | 4x |
| Sun, 07 Jul 2024 | NOK 154.1b | NOK 43.2b | NOK 3.9b | 37.7x | 39.5x | 3.6x |
| Tue, 04 Jun 2024 | NOK 160.8b | NOK 43.2b | NOK 3.9b | 39.3x | 41.2x | 3.7x |
| Thu, 02 May 2024 | NOK 138.3b | NOK 43.2b | NOK 3.9b | 33.8x | 35.5x | 3.2x |
| Sat, 30 Mar 2024 | NOK 132.3b | NOK 40.8b | NOK 3.3b | 35.5x | 39.7x | 3.2x |
| Mon, 26 Feb 2024 | NOK 118.3b | NOK 40.8b | NOK 3.3b | 31.7x | 36.2x | 2.9x |
| Wed, 24 Jan 2024 | NOK 93.3b | NOK 38.4b | NOK 2.8b | 26.2x | 32.9x | 2.4x |
| Fri, 22 Dec 2023 | NOK 82.1b | NOK 38.4b | NOK 2.8b | 23x | 28.8x | 2.1x |
| Sun, 19 Nov 2023 | NOK 82.8b | NOK 38.4b | NOK 2.8b | 23.2x | 30x | 2.2x |
| Tue, 17 Oct 2023 | NOK 85.8b | NOK 36.1b | NOK 2.6b | 25.2x | 33.1x | 2.4x |
| Thu, 14 Sep 2023 | NOK 83.2b | NOK 36.1b | NOK 2.6b | 24.4x | 32x | 2.3x |
| Sat, 12 Aug 2023 | NOK 78.3b | NOK 36.1b | NOK 2.7b | 22.8x | 28.8x | 2.2x |
| Mon, 10 Jul 2023 | NOK 83.1b | NOK 34.0b | NOK 2.5b | 26.1x | 33.7x | 2.4x |
| Wed, 07 Jun 2023 | NOK 81.2b | NOK 32.0b | NOK 2.1b | 28.8x | 38.4x | 2.5x |
38.4x
Which industries have driven the changes within the Norwegian Industrials industry?
| NO Market | -2.32% | |
| Industrials | 1.28% | |
| Aerospace & Defense | 6.71% | |
| Aerospace and Defense | 6.71% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KOG Kongsberg Gruppen | NOK 332.10 | 6.6% +NOK 18.1b | -7.6% | PE61x | |
| DFENS Fjord Defence Group | NOK 19.60 | 21.4% +NOK 234.9m | 34.4% | PS18.3x | |
| NTI Norsk Titanium | NOK 1.25 | 15.3% +NOK 170.9m | 1.5% | PS40.2x |