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Norwegian (OSEAX) Electrical Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies5
  • 7D-2.7%
  • 3M2.9%
  • 1Y-40.1%
  • YTD4.8%

Over the last 7 days, the Electrical industry has dropped 2.7%, driven by Nel declining 5.8%. The industry has fallen 40% in the last year. As for the next few years, earnings are expected to grow by 37% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025NOK 7.1bNOK 3.8b-NOK 1,087,801,633.00418.4x-6.5x1.9x
Thu, 14 Aug 2025NOK 7.3bNOK 3.2b-NOK 1,136,677,723.13n/a-6.4x2.2x
Sat, 12 Jul 2025NOK 8.3bNOK 3.4b-NOK 1,184,166,521.69n/a-7x2.4x
Mon, 09 Jun 2025NOK 7.2bNOK 3.4b-NOK 1,177,351,170.42n/a-6.1x2.1x
Wed, 07 May 2025NOK 6.5bNOK 3.5b-NOK 1,118,898,811.97n/a-5.8x1.9x
Fri, 04 Apr 2025NOK 5.8bNOK 3.6b-NOK 894,048,178.09n/a-6.5x1.6x
Sun, 02 Mar 2025NOK 6.0bNOK 4.3b-NOK 912,380,902.72n/a-6.6x1.4x
Tue, 28 Jan 2025NOK 5.5bNOK 4.3b-NOK 989,946,000.00n/a-5.6x1.3x
Thu, 26 Dec 2024NOK 6.3bNOK 4.3b-NOK 989,946,000.00n/a-6.4x1.5x
Sat, 23 Nov 2024NOK 6.4bNOK 4.4b-NOK 998,477,000.00n/a-6.4x1.5x
Mon, 21 Oct 2024NOK 8.8bNOK 4.6b-NOK 954,085,000.0033.9x-9.2x1.9x
Wed, 18 Sep 2024NOK 11.2bNOK 4.6b-NOK 1,005,749,000.0035x-11.1x2.5x
Fri, 16 Aug 2024NOK 11.4bNOK 4.7b-NOK 1,001,573,000.0050.2x-11.3x2.4x
Sun, 14 Jul 2024NOK 14.1bNOK 4.7b-NOK 1,101,847,000.0055.5x-12.8x3x
Tue, 11 Jun 2024NOK 14.6bNOK 4.7b-NOK 1,180,621,343.2662.9x-12.4x3.1x
Thu, 09 May 2024NOK 10.7bNOK 4.7b-NOK 1,178,565,269.9046.3x-9.1x2.3x
Sat, 06 Apr 2024NOK 10.9bNOK 4.1b-NOK 1,310,072,791.9561.7x-8.3x2.7x
Mon, 04 Mar 2024NOK 10.5bNOK 4.7b-NOK 1,320,497,319.4567x-8x2.2x
Wed, 31 Jan 2024NOK 11.7bNOK 4.4b-NOK 1,937,982,897.00310.7x-6x2.6x
Fri, 29 Dec 2023NOK 15.1bNOK 4.4b-NOK 1,937,549,234.00296.9x-7.8x3.4x
Sun, 26 Nov 2023NOK 15.4bNOK 4.4b-NOK 1,944,244,199.00227.4x-7.9x3.5x
Tue, 24 Oct 2023NOK 15.0bNOK 3.9b-NOK 1,959,312,144.00n/a-7.7x3.8x
Thu, 21 Sep 2023NOK 21.2bNOK 4.0b-NOK 1,938,047,629.0035.8x-10.9x5.3x
Sat, 19 Aug 2023NOK 23.8bNOK 3.8b-NOK 1,944,824,926.0035.8x-12.2x6.3x
Mon, 17 Jul 2023NOK 25.8bNOK 3.5b-NOK 1,875,067,006.0035.8x-13.8x7.4x
Wed, 14 Jun 2023NOK 27.7bNOK 3.3b-NOK 1,844,060,501.0035.8x-15x8.3x
Fri, 12 May 2023NOK 29.5bNOK 3.3b-NOK 1,845,080,264.0035.8x-16x8.9x
Sun, 09 Apr 2023NOK 27.7bNOK 2.9b-NOK 1,570,792,815.0035.8x-17.6x9.6x
Tue, 07 Mar 2023NOK 30.5bNOK 2.9b-NOK 1,568,843,888.0035.8x-19.4x10.6x
Thu, 02 Feb 2023NOK 32.1bNOK 2.7b-NOK 1,100,298,547.0032.2x-29.2x11.9x
Sat, 31 Dec 2022NOK 26.5bNOK 2.6b-NOK 1,038,895,790.0041.1x-25.5x10.2x
Mon, 28 Nov 2022NOK 28.5bNOK 2.5b-NOK 1,029,266,674.0011.1x-27.7x11.2x
Wed, 26 Oct 2022NOK 24.8bNOK 1.9b-NOK 1,032,019,488.001424.2x-24.1x12.8x
Fri, 23 Sep 2022NOK 24.5bNOK 1.9b-NOK 1,236,654,874.001334.2x-19.8x13x
Price to Earnings Ratio

-19.8x


Total Market Cap: NOK 24.5bTotal Earnings: -NOK 1,236,654,874.00Total Revenue: NOK 1.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Electrical Industry Price to Earnings3Y Average -12x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 26% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Industrials industry?

NO Market1.81%
Industrials2.42%
Electrical-2.74%
Electrical Components1.36%
Heavy Electrical Equipment-5.78%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 62% over the next 5 years.
    • This is better than its past earnings decline of 79% per year.
    • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 17% per year over the next few years.

    Top Stock Gainers and Losers

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

    CompanyLast Price7D1YValuation
    		ZAP ZaptecNOK 29.004.1%
    +NOK 100.6m    		155.1%PE420.5x
    		CAVEN Cavendish HydrogenNOK 7.604.1%
    +NOK 10.1m    		-38.2%PS1x

    Latest News

    OTOVO
    NOK 1.20
    Otovo
    7D
    -6.3%
    1Y
    8.9%
    CAVEN
    NOK 7.60
    Cavendish Hydrogen
    7D
    4.1%
    1Y
    -38.2%
    NEL
    NOK 2.11
    Nel
    7D
    -6.0%
    1Y
    -62.5%

    US Tax Incentives Will Unlock Green Hydrogen Potential

    Key Takeaways Growing demand, favorable policies, and strong partnerships are expanding Nel's order backlog and supporting robust long-term revenue opportunities in the green hydrogen market. Ongoing technology improvements and cost-cutting measures are expected to boost profitability, improve margins, and strengthen Nel's competitive position.
    ZAP
    NOK 29.00
    Zaptec
    7D
    4.1%
    1Y
    155.1%