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Norwegian (OSEAX) Construction Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies11
  • 7D0.8%
  • 3M12.2%
  • 1Y10.0%
  • YTD4.5%

In the last week, Construction has been flat. As for the the longer term, the industry is up 10.0% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026NOK 97.5bNOK 127.7bNOK 6.5b15.3x15x0.8x
Tue, 06 Jan 2026NOK 93.0bNOK 127.9bNOK 6.6b15.9x14.1x0.7x
Thu, 04 Dec 2025NOK 89.7bNOK 127.9bNOK 6.6b14.7x13.6x0.7x
Sat, 01 Nov 2025NOK 88.3bNOK 125.5bNOK 5.9b14.2x15.1x0.7x
Mon, 29 Sep 2025NOK 90.1bNOK 125.5bNOK 5.9b14.7x15.4x0.7x
Wed, 27 Aug 2025NOK 90.5bNOK 124.5bNOK 5.6b16.6x16.2x0.7x
Fri, 25 Jul 2025NOK 91.9bNOK 121.0bNOK 2.6b18.3x34.9x0.8x
Sun, 22 Jun 2025NOK 87.3bNOK 110.3bNOK 2.1b17.7x40.8x0.8x
Tue, 20 May 2025NOK 78.7bNOK 109.4bNOK 1.8b22.3x44.4x0.7x
Thu, 17 Apr 2025NOK 78.2bNOK 107.9bNOK 1.5b22.6x51.2x0.7x
Sat, 15 Mar 2025NOK 77.8bNOK 106.9bNOK 844.1m24.8x92.2x0.7x
Mon, 10 Feb 2025NOK 74.3bNOK 94.2bNOK 1.2b34.5x63.8x0.8x
Wed, 08 Jan 2025NOK 76.4bNOK 94.2bNOK 1.2b34.1x65.6x0.8x
Fri, 06 Dec 2024NOK 74.9bNOK 94.2bNOK 1.2b34x64.2x0.8x
Sun, 03 Nov 2024NOK 71.5bNOK 93.2bNOK 680.3m27.9x105.1x0.8x
Tue, 01 Oct 2024NOK 69.9bNOK 92.8bNOK 697.1m26x100.3x0.8x
Thu, 29 Aug 2024NOK 68.6bNOK 92.3bNOK 1.7b25.5x39.7x0.7x
Sat, 27 Jul 2024NOK 69.4bNOK 92.2bNOK 1.6b26.9x42.3x0.8x
Mon, 24 Jun 2024NOK 66.2bNOK 92.1bNOK 1.7b26.8x39.9x0.7x
Wed, 22 May 2024NOK 63.2bNOK 92.1bNOK 2.0b25.5x31.3x0.7x
Fri, 19 Apr 2024NOK 58.6bNOK 92.3bNOK 2.0b23.2x29.5x0.6x
Sun, 17 Mar 2024NOK 58.0bNOK 91.8bNOK 737.4m17.9x78.6x0.6x
Tue, 13 Feb 2024NOK 53.7bNOK 91.4bNOK 528.5m15.9x101.7x0.6x
Thu, 11 Jan 2024NOK 53.5bNOK 90.2b-NOK 65,966,866.0012.9x-810.5x0.6x
Sat, 09 Dec 2023NOK 45.4bNOK 81.8bNOK 1.2b12.9x39.1x0.6x
Mon, 06 Nov 2023NOK 38.3bNOK 81.5bNOK 1.3b12.4x30.5x0.5x
Wed, 04 Oct 2023NOK 38.5bNOK 81.4bNOK 1.3b12.4x30.6x0.5x
Fri, 01 Sep 2023NOK 40.0bNOK 81.2bNOK 1.3b13x30.3x0.5x
Sun, 30 Jul 2023NOK 42.3bNOK 80.2bNOK 1.2b17.9x36.2x0.5x
Tue, 27 Jun 2023NOK 41.8bNOK 80.2bNOK 1.2b17.6x35.5x0.5x
Thu, 25 May 2023NOK 43.4bNOK 80.2bNOK 1.2b19.2x36.3x0.5x
Sat, 22 Apr 2023NOK 45.0bNOK 78.5bNOK 1.4b17.5x31.4x0.6x
Mon, 20 Mar 2023NOK 42.9bNOK 78.1bNOK 1.2b16x36.9x0.5x
Wed, 15 Feb 2023NOK 44.9bNOK 77.6bNOK 1.6b31.1x28.7x0.6x
Price to Earnings Ratio

28.7x


Total Market Cap: NOK 44.9bTotal Earnings: NOK 1.6bTotal Revenue: NOK 77.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Construction Industry Price to Earnings3Y Average 23.3x202420252026
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 15.0x which is lower than its 3-year average PE of 23.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 61% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market2.65%
Industrials4.87%
Construction0.79%
Construction and Engineering0.79%
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 188.402.1%
+NOK 417.3m		17.2%PE19.8x
CADLR CadelerNOK 58.551.9%
+NOK 385.5m		-3.4%PE6.7x
VEI VeidekkeNOK 180.201.3%
+NOK 324.6m		23.6%PE18.1x
MULTI MulticonsultNOK 172.001.2%
+NOK 53.8m		-11.1%PE15.3x
ININ Inin GroupNOK 3.103.7%
+NOK 14.3m		20.2%PS0.2x

Latest News

NRC
NOK 8.76
NRC Group
7D
-4.5%
1Y
94.7%
MORLD
NOK 16.92
Moreld
7D
0.4%
1Y
10.9%
OSUN
NOK 1.50
Ocean Sun
7D
-0.7%
1Y
0%
MULTI
NOK 172.00
Multiconsult
7D
1.2%
1Y
-11.1%

MULTI: Defence Framework Win And CEO Transition Will Support Earnings Profile

Analysts have trimmed their price target on Multiconsult from Nkr199.33 to Nkr190.00, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which temper the near term valuation while still reflecting the company’s underlying earnings profile. What's in the News Board appoints Karsten Warloe as CEO of Multiconsult ASA, effective 1 June 2026.
CADLR
NOK 58.55
Cadeler
7D
1.9%
1Y
-3.4%

CADLR: Enlarged Installation Fleet Will Support Future Offshore Contract Earnings Power

Analysts have slightly reduced their price target on Cadeler to €66.92. The adjustment reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples.
AFG
NOK 188.40
AF Gruppen
7D
2.1%
1Y
17.2%

AF Gruppen ASA's (OB:AFG) Shareholders Might Be Looking For Exit

Jan 22
AF Gruppen ASA's (OB:AFG) Shareholders Might Be Looking For Exit
VEI
NOK 180.20
Veidekke
7D
1.3%
1Y
23.6%

Veidekke (OB:VEI) Could Become A Multi-Bagger

Jan 13
Veidekke (OB:VEI) Could Become A Multi-Bagger
ININ
NOK 3.10
Inin Group
7D
3.7%
1Y
20.2%
IWS
NOK 52.50
Integrated Wind Solutions
7D
-0.9%
1Y
29.6%
SNTIA
NOK 63.61
Sentia
7D
-1.1%
1Y
n/a
NORCO
NOK 44.50
Norconsult
7D
-2.0%
1Y
2.3%