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Norwegian (OSEAX) Construction Industry Analysis

UpdatedNov 02, 2025
DataAggregated Company Financials
Companies11
  • 7D-1.4%
  • 3M-1.8%
  • 1Y2.0%
  • YTD-0.1%

Over the last 7 days, the Construction industry has dropped 1.4%, driven by declines in Norconsult and Cadeler of 3.5% and 2.8%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Norwegian Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Nov 2025NOK 88.3bNOK 125.5bNOK 5.9b14.2x15.1x0.7x
Tue, 30 Sep 2025NOK 89.9bNOK 125.5bNOK 5.9b14.8x15.3x0.7x
Thu, 28 Aug 2025NOK 89.9bNOK 125.0bNOK 5.6b15x16.1x0.7x
Sat, 26 Jul 2025NOK 91.5bNOK 121.0bNOK 2.6b18.3x34.7x0.8x
Mon, 23 Jun 2025NOK 87.3bNOK 110.3bNOK 2.1b17.7x40.8x0.8x
Wed, 21 May 2025NOK 79.6bNOK 109.5bNOK 1.8b22.4x44x0.7x
Fri, 18 Apr 2025NOK 78.2bNOK 107.8bNOK 1.5b22.8x51.6x0.7x
Sun, 16 Mar 2025NOK 77.8bNOK 106.9bNOK 844.1m24.8x92.2x0.7x
Tue, 11 Feb 2025NOK 73.4bNOK 94.2bNOK 1.2b34.2x63x0.8x
Thu, 09 Jan 2025NOK 76.1bNOK 94.2bNOK 1.2b33.9x65.4x0.8x
Sat, 07 Dec 2024NOK 73.7bNOK 94.2bNOK 1.2b33x63.2x0.8x
Mon, 04 Nov 2024NOK 71.5bNOK 93.2bNOK 680.3m27.9x105.1x0.8x
Wed, 02 Oct 2024NOK 70.9bNOK 92.8bNOK 696.4m26.1x101.8x0.8x
Fri, 30 Aug 2024NOK 68.3bNOK 92.3bNOK 1.7b25.3x39.5x0.7x
Sun, 28 Jul 2024NOK 69.4bNOK 92.2bNOK 1.6b26.9x42.3x0.8x
Tue, 25 Jun 2024NOK 67.5bNOK 92.1bNOK 1.7b26.8x40.8x0.7x
Thu, 23 May 2024NOK 63.7bNOK 92.1bNOK 2.0b25.9x31.5x0.7x
Sat, 20 Apr 2024NOK 58.6bNOK 92.3bNOK 2.0b23.2x29.5x0.6x
Mon, 18 Mar 2024NOK 58.0bNOK 91.8bNOK 737.4m17.9x78.6x0.6x
Wed, 14 Feb 2024NOK 52.7bNOK 91.4bNOK 508.3m15.5x103.7x0.6x
Fri, 12 Jan 2024NOK 53.8bNOK 90.2b-NOK 61,968,602.0013.1x-867.7x0.6x
Sun, 10 Dec 2023NOK 45.4bNOK 81.8bNOK 1.2b12.9x39.1x0.6x
Tue, 07 Nov 2023NOK 38.2bNOK 81.5bNOK 1.3b12.4x30.4x0.5x
Thu, 05 Oct 2023NOK 38.5bNOK 81.4bNOK 1.3b12.3x30.7x0.5x
Sat, 02 Sep 2023NOK 39.9bNOK 81.2bNOK 1.3b13x30.5x0.5x
Mon, 31 Jul 2023NOK 42.3bNOK 80.2bNOK 1.2b17.9x36.2x0.5x
Wed, 28 Jun 2023NOK 41.8bNOK 80.2bNOK 1.2b17.9x35.4x0.5x
Fri, 26 May 2023NOK 43.4bNOK 80.2bNOK 1.2b19.2x36.3x0.5x
Sun, 23 Apr 2023NOK 45.0bNOK 78.5bNOK 1.4b17.5x31.4x0.6x
Tue, 21 Mar 2023NOK 43.1bNOK 78.1bNOK 1.2b16.2x37x0.6x
Thu, 16 Feb 2023NOK 44.9bNOK 77.6bNOK 1.6b31.8x28.7x0.6x
Sat, 14 Jan 2023NOK 41.2bNOK 76.5bNOK 1.4b31.3x29x0.5x
Mon, 12 Dec 2022NOK 39.9bNOK 76.4bNOK 1.4b31.9x28.1x0.5x
Wed, 09 Nov 2022NOK 38.9bNOK 74.6bNOK 1.5b28.3x26.1x0.5x
Price to Earnings Ratio

26.1x


Total Market Cap: NOK 38.9bTotal Earnings: NOK 1.5bTotal Revenue: NOK 74.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Construction Industry Price to Earnings3Y Average 24.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Construction 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 15.1x which is lower than its 3-year average PE of 24.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 58% per year over the last three years.
  • Revenues for these companies have grown 19% 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 industry?

NO Market-1.56%
Industrials-4.44%
Construction-1.43%
Construction and Engineering-1.43%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AFG AF GruppenNOK 170.400.4%
+NOK 65.4m		31.5%PE18.8x
MORLD MoreldNOK 17.161.1%
+NOK 32.0m		n/aPS0.3x
ININ Inin GroupNOK 2.727.9%
+NOK 26.1m		-29.2%PS0.2x
OSUN Ocean SunNOK 1.262.0%
+NOK 1.1m		-35.5%PS14.5x

Latest News

ININ
NOK 2.72
Inin Group
7D
7.9%
1Y
-29.2%
NRC
NOK 7.74
NRC Group
7D
-3.5%
1Y
133.1%
AFG
NOK 170.40
AF Gruppen
7D
0.4%
1Y
31.5%
SNTIA
NOK 63.35
Sentia
7D
-1.5%
1Y
n/a
MORLD
NOK 17.16
Moreld
7D
1.1%
1Y
n/a

We Think Moreld (OB:MORLD) Can Stay On Top Of Its Debt

Oct 06
We Think Moreld (OB:MORLD) Can Stay On Top Of Its Debt
IWS
NOK 41.90
Integrated Wind Solutions
7D
-0.5%
1Y
-17.0%
VEI
NOK 156.80
Veidekke
7D
-1.1%
1Y
25.4%
CADLR
NOK 47.00
Cadeler
7D
-2.8%
1Y
-36.5%

Weekly Picks: 💸 A fintech heavyweight with even more upside potential and 2 more picks

Sep 05
Weekly Picks: 💸 A fintech heavyweight with even more upside potential and 2 more picks
OSUN
NOK 1.26
Ocean Sun
7D
2.0%
1Y
-35.5%
NORCO
NOK 46.85
Norconsult
7D
-3.5%
1Y
22.3%

Expanding Infrastructure And Renewable Energy Will Shape Future Markets

A higher net profit margin and a slightly increased future P/E multiple have supported an upward revision in Norconsult’s consensus analyst price target from NOK49.17 to NOK51.50. What's in the News Norconsult was selected by HENT to provide major engineering consultancy services for the construction of NRK's new media house in Oslo, a NOK 100 million contract, with completion expected by 2029.