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Norwegian (OSEAX) Construction Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.5%
  • 3M1.1%
  • 1Y11.9%
  • YTD5.3%

Last week, the Construction industry hasn't moved much but Moreld is up 4.6% in that time. As for the the longer term, the industry is up 12% over the past 12 months. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026NOK 100.9bNOK 130.4bNOK 7.5b16.1x13.4x0.8x
Fri, 27 Mar 2026NOK 95.6bNOK 130.5bNOK 7.6b16.5x12.6x0.7x
Sun, 22 Feb 2026NOK 99.9bNOK 129.6bNOK 7.5b16.7x13.4x0.8x
Tue, 20 Jan 2026NOK 93.8bNOK 127.9bNOK 6.6b15.2x14.3x0.7x
Thu, 18 Dec 2025NOK 91.8bNOK 128.1bNOK 6.6b15.9x13.8x0.7x
Sat, 15 Nov 2025NOK 88.7bNOK 126.6bNOK 6.0b14.1x14.7x0.7x
Mon, 13 Oct 2025NOK 92.2bNOK 125.6bNOK 5.9b14.6x15.7x0.7x
Wed, 10 Sep 2025NOK 90.6bNOK 125.2bNOK 5.8b14.4x15.5x0.7x
Fri, 08 Aug 2025NOK 91.1bNOK 121.0bNOK 2.6b18.3x34.6x0.8x
Sun, 06 Jul 2025NOK 89.0bNOK 110.4bNOK 2.2b17.7x41.2x0.8x
Tue, 03 Jun 2025NOK 80.0bNOK 110.3bNOK 2.1b17.3x37.6x0.7x
Thu, 01 May 2025NOK 81.1bNOK 107.7bNOK 1.6b23.9x51.2x0.8x
Sat, 29 Mar 2025NOK 78.2bNOK 107.6bNOK 1.5b23.7x52.9x0.7x
Mon, 24 Feb 2025NOK 73.7bNOK 101.1bNOK 376.5m27.7x195.8x0.7x
Wed, 22 Jan 2025NOK 73.9bNOK 94.2bNOK 1.2b35x63.4x0.8x
Fri, 20 Dec 2024NOK 74.9bNOK 94.3bNOK 1.2b33.7x64.3x0.8x
Sun, 17 Nov 2024NOK 71.5bNOK 93.0bNOK 835.3m29.6x85.5x0.8x
Tue, 15 Oct 2024NOK 71.2bNOK 92.8bNOK 696.4m27.3x102.3x0.8x
Thu, 12 Sep 2024NOK 66.1bNOK 92.9bNOK 689.4m25x95.8x0.7x
Sat, 10 Aug 2024NOK 66.6bNOK 92.2bNOK 1.6b26.4x40.5x0.7x
Mon, 08 Jul 2024NOK 68.0bNOK 92.1bNOK 1.7b27.4x41.1x0.7x
Wed, 05 Jun 2024NOK 65.0bNOK 92.1bNOK 1.7b26.1x37.6x0.7x
Fri, 03 May 2024NOK 61.2bNOK 92.3bNOK 2.0b23.8x30.9x0.7x
Sun, 31 Mar 2024NOK 61.3bNOK 92.3bNOK 2.0b22.8x30.9x0.7x
Tue, 27 Feb 2024NOK 54.9bNOK 91.6bNOK 348.8m15.6x157.5x0.6x
Thu, 25 Jan 2024NOK 53.4bNOK 90.2b-NOK 78,395,854.0014.1x-681.7x0.6x
Sat, 23 Dec 2023NOK 53.7bNOK 81.7bNOK 1.1b21.7x47.2x0.7x
Mon, 20 Nov 2023NOK 43.3bNOK 81.7bNOK 1.3b12.5x34x0.5x
Wed, 18 Oct 2023NOK 37.9bNOK 81.5bNOK 1.3b12.4x29.9x0.5x
Fri, 15 Sep 2023NOK 38.5bNOK 81.2bNOK 1.3b13x29.6x0.5x
Sun, 13 Aug 2023NOK 42.4bNOK 80.2bNOK 1.2b18.4x36.2x0.5x
Tue, 11 Jul 2023NOK 42.9bNOK 80.2bNOK 1.2b17.4x36.5x0.5x
Thu, 08 Jun 2023NOK 43.0bNOK 80.3bNOK 1.2b18.6x36.4x0.5x
Sat, 06 May 2023NOK 45.3bNOK 78.5bNOK 1.4b17x31.6x0.6x
Price to Earnings Ratio

31.6x


Total Market Cap: NOK 45.3bTotal Earnings: NOK 1.4bTotal Revenue: NOK 78.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Construction Industry Price to Earnings3Y Average 21.9x202420252026
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 13.4x which is lower than its 3-year average PE of 21.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 74% 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 Market-1.69%
Industrials-8.49%
Construction-0.53%
Construction and Engineering-0.53%
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
CADLR CadelerNOK 64.205.5%
+NOK 1.3b		18.7%PE8.1x
AFG AF GruppenNOK 175.801.4%
+NOK 272.6m		18.0%PE18.3x
MORLD MoreldNOK 19.264.2%
+NOK 177.3m		60.5%PE12.1x
IWS Integrated Wind SolutionsNOK 58.401.7%
+NOK 40.0m		33.9%PE12.8x
OSUN Ocean SunNOK 1.4412.5%
+NOK 8.0m		20.0%PS32.8x

Latest News

MORLD
NOK 19.26
Moreld
7D
4.2%
1Y
60.5%
NORCO
NOK 38.90
Norconsult
7D
-4.9%
1Y
-17.2%
MULTI
NOK 156.00
Multiconsult
7D
-2.9%
1Y
-17.5%

MULTI: Defence And Water Contracts Will Support Attractive Forward Earnings Multiple

Analysts now set their fair value estimate for Multiconsult at NOK 178, up from NOK 170, reflecting updated views on discount rate, revenue growth, profit margin and an implied forward P/E of 14.53x versus 13.34x previously. What's in the News The board plans to propose a dividend of NOK 5.00 per share for the 2025 financial year to the annual general meeting on 16 April 2026, with payment conditioned on shareholder approval (Key Developments).
CADLR
NOK 64.20
Cadeler
7D
5.5%
1Y
18.7%

CADLR: Mixed Broker Views And Taiwan Contracts Will Shape Future Outlook

Narrative Update on Cadeler The analyst price target for Cadeler has been adjusted slightly lower, from NOK 67.47 to NOK 65.85, as analysts factor in mixed recent ratings changes and a modest reset in assumed future P/E multiples while keeping revenue growth and profit margin assumptions broadly unchanged. Analyst Commentary Recent research on Cadeler points to a mixed but engaged analyst view, with differing opinions on upside potential and the balance of risk around execution and valuation.
IWS
NOK 58.40
Integrated Wind Solutions
7D
1.7%
1Y
33.9%
OSUN
NOK 1.44
Ocean Sun
7D
12.5%
1Y
20.0%
SNTIA
NOK 79.20
Sentia
7D
-0.4%
1Y
n/a
AFG
NOK 175.80
AF Gruppen
7D
1.4%
1Y
18.0%
NRC
NOK 8.69
NRC Group
7D
0.3%
1Y
76.6%
VEI
NOK 185.60
Veidekke
7D
-1.1%
1Y
18.7%