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Norwegian (OSEAX) Construction Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies11
  • 7D1.8%
  • 3M1.0%
  • 1Y11.0%
  • YTD6.6%

The Construction industry is up 1.8% in the last week, with Veidekke up 7.1%. In the last 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026NOK 102.3bNOK 131.5bNOK 7.4b18.3x13.8x0.8x
Wed, 15 Jul 2026NOK 100.6bNOK 130.8bNOK 7.3b17.9x13.7x0.8x
Fri, 12 Jun 2026NOK 95.3bNOK 130.8bNOK 7.3b17.9x13.1x0.7x
Sun, 10 May 2026NOK 101.6bNOK 128.8bNOK 7.3b17.5x14x0.8x
Tue, 07 Apr 2026NOK 99.1bNOK 130.6bNOK 7.6b16.5x13x0.8x
Thu, 05 Mar 2026NOK 99.0bNOK 129.6bNOK 7.5b17x13.3x0.8x
Sat, 31 Jan 2026NOK 96.7bNOK 127.7bNOK 6.5b15.1x14.9x0.8x
Mon, 29 Dec 2025NOK 93.1bNOK 128.0bNOK 6.6b15.9x14.1x0.7x
Wed, 26 Nov 2025NOK 87.9bNOK 128.4bNOK 6.6b14.3x13.4x0.7x
Fri, 24 Oct 2025NOK 89.4bNOK 125.5bNOK 5.8b14.4x15.3x0.7x
Sun, 21 Sep 2025NOK 92.4bNOK 125.5bNOK 5.9b15.3x15.8x0.7x
Tue, 19 Aug 2025NOK 89.9bNOK 122.5bNOK 4.0b17x22.5x0.7x
Thu, 17 Jul 2025NOK 90.7bNOK 110.4bNOK 2.2b18x41.9x0.8x
Sat, 14 Jun 2025NOK 87.8bNOK 110.2bNOK 2.1b18x41.4x0.8x
Mon, 12 May 2025NOK 80.0bNOK 107.2bNOK 1.5b23.8x51.8x0.7x
Wed, 09 Apr 2025NOK 73.9bNOK 107.8bNOK 1.5b21.5x48.7x0.7x
Fri, 07 Mar 2025NOK 76.1bNOK 106.9bNOK 835.3m23.9x91.2x0.7x
Sun, 02 Feb 2025NOK 76.6bNOK 94.2bNOK 1.2b34.4x65.8x0.8x
Tue, 31 Dec 2024NOK 76.5bNOK 94.3bNOK 1.2b34.8x65.7x0.8x
Thu, 28 Nov 2024NOK 72.8bNOK 93.9bNOK 1.1b31.1x66.5x0.8x
Sat, 26 Oct 2024NOK 71.8bNOK 92.8bNOK 690.7m27.5x103.9x0.8x
Mon, 23 Sep 2024NOK 67.9bNOK 92.8bNOK 698.7m24.8x97.1x0.7x
Wed, 21 Aug 2024NOK 68.3bNOK 91.8bNOK 1.7b25.7x39.1x0.7x
Fri, 19 Jul 2024NOK 68.7bNOK 92.2bNOK 1.6b27.8x41.7x0.7x
Sun, 16 Jun 2024NOK 65.2bNOK 92.1bNOK 1.7b26.5x39.4x0.7x
Tue, 14 May 2024NOK 62.8bNOK 92.3bNOK 2.1b25.5x29.9x0.7x
Thu, 11 Apr 2024NOK 59.3bNOK 92.3bNOK 2.0b24.9x29.9x0.6x
Sat, 09 Mar 2024NOK 57.3bNOK 91.7bNOK 756.8m18x75.8x0.6x
Mon, 05 Feb 2024NOK 53.7bNOK 90.2b-NOK 92,714,903.0014.8x-578.9x0.6x
Wed, 03 Jan 2024NOK 53.7bNOK 80.9b-NOK 564,432,093.0017.4x-95.2x0.7x
Fri, 01 Dec 2023NOK 44.8bNOK 81.8bNOK 1.2b12.9x38.5x0.5x
Sun, 29 Oct 2023NOK 37.1bNOK 81.5bNOK 1.3b12x29.1x0.5x
Tue, 26 Sep 2023NOK 38.0bNOK 81.2bNOK 1.3b12.8x29.1x0.5x
Thu, 24 Aug 2023NOK 39.3bNOK 81.5bNOK 1.2b17.5x32.7x0.5x
Price to Earnings Ratio

32.7x


Total Market Cap: NOK 39.3bTotal Earnings: NOK 1.2bTotal Revenue: NOK 81.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Construction Industry Price to Earnings3Y Average 19.7x202420252026
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 13.8x which is lower than its 3-year average PE of 19.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 83% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market2.99%
Industrials6.57%
Construction1.80%
Construction and Engineering1.80%
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 204.009.7%
+NOK 2.4b		27.5%PE16.4x
AFG AF GruppenNOK 194.805.4%
+NOK 1.1b		21.6%PE19.1x
NORCO NorconsultNOK 38.701.2%
+NOK 139.6m		-9.7%PE20.5x
NRC NRC GroupNOK 8.478.5%
+NOK 113.9m		21.9%PE86x
ININ Inin GroupNOK 3.5210.0%
+NOK 41.7m		74.3%PS0.5x

Latest News

NRC
NOK 8.47
NRC Group
7D
8.5%
1Y
21.9%
Analysis Article • Aug 16

NRC Group ASA Just Missed EPS By 50%: Here's What Analysts Think Will Happen Next

The analysts might have been a bit too bullish on NRC Group ASA ( OB:NRC ), given that the company fell short of...
MORLD
NOK 21.80
Moreld
7D
-1.4%
1Y
13.1%
Analysis Article • Aug 16

Moreld ASA Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

It's been a good week for Moreld ASA ( OB:MORLD ) shareholders, because the company has just released its latest...
VEI
NOK 204.00
Veidekke
7D
9.7%
1Y
27.5%
CADLR
NOK 55.05
Cadeler
7D
-3.3%
1Y
2.4%
ININ
NOK 3.52
Inin Group
7D
10.0%
1Y
74.3%
AFG
NOK 194.80
AF Gruppen
7D
5.4%
1Y
21.6%
OSUN
NOK 0.47
Ocean Sun
7D
-10.3%
1Y
-63.0%
MULTI
NOK 151.20
Multiconsult
7D
-0.5%
1Y
-25.9%
Narrative Update • Jun 23

MULTI: Major Hospital Win Will Support Earnings Multiple And Upside Potential

Analysts have kept their Multiconsult fair value estimate steady at NOK 177.50, with only small tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E that help to refine their price target rationale rather than shift it meaningfully. What’s in the News for Multiconsult Multiconsult, through its subsidiary LINK Arkitektur, together with Sweco and other partners, has been awarded a contract by Region Skåne to develop the programme for a new emergency hospital and hospital area in Helsingborg, Sweden.
NORCO
NOK 38.70
Norconsult
7D
1.2%
1Y
-9.7%
Narrative Update • Jun 15

NORCO: Planned 2026 Cash Dividend Will Support Future Share Price Upside

Analysts have kept Norconsult's price target steady at around NOK 45.33, with small tweaks to the discount rate, revenue growth, profit margin assumptions, and future P/E expectations informing this unchanged view. What's in the News The Board of Directors of Norconsult ASA plans to propose a cash dividend of NOK 1.80 per share for the financial year at the Annual General Meeting on 4 May 2026.
IWS
NOK 54.60
Integrated Wind Solutions
7D
0.4%
1Y
18.7%
SNTIA
NOK 79.30
Sentia
7D
0.1%
1Y
24.9%