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Norwegian (OSEAX) Construction Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.0%
  • 3M7.6%
  • 1Y19.8%
  • YTD5.4%

Over the last 7 days, the Construction industry has remained flat, although notably Cadeler declined by 5.2%. As for the the longer term, the industry is up 20% over the past 12 months. Looking forward, earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026NOK 98.5bNOK 129.6bNOK 7.5b17.1x13.2x0.8x
Sun, 01 Feb 2026NOK 96.7bNOK 127.7bNOK 6.5b15.1x14.9x0.8x
Tue, 30 Dec 2025NOK 94.0bNOK 128.0bNOK 6.6b16x14.3x0.7x
Thu, 27 Nov 2025NOK 88.7bNOK 128.0bNOK 6.6b14.4x13.4x0.7x
Sat, 25 Oct 2025NOK 89.5bNOK 125.5bNOK 5.9b14.4x15.3x0.7x
Mon, 22 Sep 2025NOK 92.4bNOK 125.5bNOK 5.9b15.3x15.8x0.7x
Wed, 20 Aug 2025NOK 90.1bNOK 122.5bNOK 4.0b17.4x22.5x0.7x
Fri, 18 Jul 2025NOK 90.3bNOK 110.4bNOK 2.2b17.8x41.7x0.8x
Sun, 15 Jun 2025NOK 87.8bNOK 110.2bNOK 2.1b18x41.4x0.8x
Tue, 13 May 2025NOK 80.6bNOK 107.2bNOK 1.5b24.1x52.4x0.8x
Thu, 10 Apr 2025NOK 73.4bNOK 107.8bNOK 1.5b21.7x48.8x0.7x
Sat, 08 Mar 2025NOK 76.8bNOK 106.9bNOK 835.5m24x92x0.7x
Mon, 03 Feb 2025NOK 76.6bNOK 94.2bNOK 1.2b34.4x65.8x0.8x
Wed, 01 Jan 2025NOK 76.5bNOK 94.3bNOK 1.2b34.8x65.7x0.8x
Fri, 29 Nov 2024NOK 73.0bNOK 93.9bNOK 1.1b31.3x66.7x0.8x
Sun, 27 Oct 2024NOK 71.8bNOK 92.8bNOK 690.2m27.5x104x0.8x
Tue, 24 Sep 2024NOK 67.9bNOK 92.8bNOK 698.7m24.8x97.1x0.7x
Thu, 22 Aug 2024NOK 68.4bNOK 91.8bNOK 1.7b25.9x39.2x0.7x
Sat, 20 Jul 2024NOK 68.6bNOK 92.2bNOK 1.6b27.7x41.7x0.7x
Mon, 17 Jun 2024NOK 65.2bNOK 92.1bNOK 1.7b26.5x39.4x0.7x
Wed, 15 May 2024NOK 63.2bNOK 92.3bNOK 2.1b25.3x30.1x0.7x
Fri, 12 Apr 2024NOK 58.5bNOK 92.3bNOK 2.0b25.4x29.5x0.6x
Sun, 10 Mar 2024NOK 57.3bNOK 91.7bNOK 756.8m18x75.8x0.6x
Tue, 06 Feb 2024NOK 52.1bNOK 90.1bNOK 522.0m14.9x99.8x0.6x
Thu, 04 Jan 2024NOK 53.1bNOK 80.9b-NOK 569,153,843.0017.1x-93.3x0.7x
Sat, 02 Dec 2023NOK 44.3bNOK 81.8bNOK 1.2b12.9x38.3x0.5x
Mon, 30 Oct 2023NOK 37.1bNOK 81.5bNOK 1.3b12x29.1x0.5x
Wed, 27 Sep 2023NOK 38.2bNOK 81.2bNOK 1.3b12.8x29.3x0.5x
Fri, 25 Aug 2023NOK 39.0bNOK 81.5bNOK 1.2b17.4x32.7x0.5x
Sun, 23 Jul 2023NOK 43.0bNOK 80.2bNOK 1.2b17.6x36.7x0.5x
Tue, 20 Jun 2023NOK 42.7bNOK 80.2bNOK 1.2b18.4x36.2x0.5x
Thu, 18 May 2023NOK 43.2bNOK 80.2bNOK 1.2b19.3x35.9x0.5x
Sat, 15 Apr 2023NOK 43.9bNOK 78.5bNOK 1.4b16.9x30.7x0.6x
Mon, 13 Mar 2023NOK 44.8bNOK 78.0bNOK 1.2b17x38.6x0.6x
Price to Earnings Ratio

38.6x


Total Market Cap: NOK 44.8bTotal Earnings: NOK 1.2bTotal Revenue: NOK 78.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Construction Industry Price to Earnings3Y Average 22.9x202420252026
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 13.3x which is lower than its 3-year average PE of 22.9x.
  • 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 86% 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 Market1.88%
Industrials0.98%
Construction-0.95%
Construction and Engineering-0.95%
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
VEI VeidekkeNOK 196.601.3%
+NOK 351.7m		36.5%PE17.1x
SNTIA SentiaNOK 71.392.0%
+NOK 139.6m		n/aPE12.8x
NORCO NorconsultNOK 39.450.4%
+NOK 46.5m		-6.5%PE18.8x
OSUN Ocean SunNOK 1.636.9%
+NOK 5.2m		23.1%PS37x

Latest News

IWS
NOK 59.70
Integrated Wind Solutions
7D
-5.2%
1Y
48.1%
MORLD
NOK 16.16
Moreld
7D
-1.6%
1Y
14.6%
CADLR
NOK 59.35
Cadeler
7D
-5.0%
1Y
18.2%

CADLR: Larger Fleet And New Offshore Contracts Will Support Balanced Future Earnings

Analysts have adjusted their price target for Cadeler to NOK 67.19, with the updated view mainly tied to a slightly higher assumed discount rate and a higher future P/E multiple, while keeping fair value, revenue growth, and profit margin expectations broadly unchanged. What's in the News Nexra, Cadeler's dedicated service concept, signed a firm contract for an offshore wind Operations & Maintenance campaign in Taiwan, with expected value above €20 million.
SNTIA
NOK 71.39
Sentia
7D
2.0%
1Y
n/a
NORCO
NOK 39.45
Norconsult
7D
0.4%
1Y
-6.5%
NRC
NOK 7.85
NRC Group
7D
-0.4%
1Y
58.6%
AFG
NOK 184.60
AF Gruppen
7D
-1.0%
1Y
28.6%
VEI
NOK 196.60
Veidekke
7D
1.3%
1Y
36.5%
OSUN
NOK 1.63
Ocean Sun
7D
6.9%
1Y
23.1%
ININ
NOK 2.86
Inin Group
7D
-5.3%
1Y
18.2%