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Norwegian (OSEAX) Machinery Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies15
  • 7D5.2%
  • 3M-0.4%
  • 1Y6.4%
  • YTD-3.8%

Over the last 7 days, the Machinery industry has risen 5.8%, driven by gains from AutoStore Holdings of 12%. This takes the industry's 12 month performance to a gain of 7.0%. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026NOK 93.8bNOK 40.6b-NOK 835,948,205.3630.5x-112.2x2.3x
Thu, 19 Mar 2026NOK 88.9bNOK 40.8b-NOK 920,733,458.2327.4x-96.6x2.2x
Sat, 14 Feb 2026NOK 95.4bNOK 40.3b-NOK 1,582,957,685.9827.3x-60.3x2.4x
Mon, 12 Jan 2026NOK 98.3bNOK 41.0b-NOK 1,497,416,898.4023.2x-65.7x2.4x
Wed, 10 Dec 2025NOK 92.9bNOK 41.1b-NOK 1,488,932,250.7224.5x-62.4x2.3x
Fri, 07 Nov 2025NOK 88.5bNOK 40.7b-NOK 1,194,344,133.3229.6x-74.1x2.2x
Sun, 05 Oct 2025NOK 93.9bNOK 40.9b-NOK 972,618,992.6429.4x-96.5x2.3x
Tue, 02 Sep 2025NOK 91.1bNOK 41.0b-NOK 976,785,543.6928.6x-93.2x2.2x
Thu, 31 Jul 2025NOK 85.7bNOK 40.9b-NOK 725,117,985.6025.7x-118.2x2.1x
Sat, 28 Jun 2025NOK 84.1bNOK 41.2b-NOK 742,493,771.2423x-113.3x2x
Mon, 26 May 2025NOK 79.4bNOK 40.7b-NOK 793,065,975.9323.5x-100.1x1.9x
Wed, 23 Apr 2025NOK 84.5bNOK 41.8bNOK 643.1m17x131.4x2x
Fri, 21 Mar 2025NOK 103.2bNOK 41.4bNOK 662.0m19.6x155.8x2.5x
Sun, 16 Feb 2025NOK 115.2bNOK 46.8b-NOK 143,271,234.6820.2x-803.9x2.5x
Tue, 14 Jan 2025NOK 100.1bNOK 46.5b-NOK 541,679,165.0217.8x-184.8x2.2x
Thu, 12 Dec 2024NOK 110.5bNOK 46.1b-NOK 560,644,655.0117.3x-197x2.4x
Sat, 09 Nov 2024NOK 107.1bNOK 44.4b-NOK 935,271,537.4820.4x-114.5x2.4x
Mon, 07 Oct 2024NOK 104.2bNOK 45.1b-NOK 473,095,511.4717.1x-220.2x2.3x
Wed, 04 Sep 2024NOK 103.4bNOK 45.3b-NOK 284,401,228.2417.1x-363.6x2.3x
Fri, 02 Aug 2024NOK 118.5bNOK 45.4b-NOK 2,136,303,317.5214.7x-55.4x2.6x
Sun, 30 Jun 2024NOK 100.8bNOK 44.6b-NOK 2,034,363,946.5914.1x-49.5x2.3x
Tue, 28 May 2024NOK 112.0bNOK 44.4b-NOK 2,027,876,511.4814x-55.2x2.5x
Thu, 25 Apr 2024NOK 123.4bNOK 44.5b-NOK 1,953,483,552.5513.3x-63.2x2.8x
Sat, 23 Mar 2024NOK 130.6bNOK 44.3b-NOK 1,890,511,427.0013.6x-69.1x2.9x
Mon, 19 Feb 2024NOK 114.2bNOK 43.8b-NOK 1,965,655,167.0037.3x-58.1x2.6x
Wed, 17 Jan 2024NOK 122.1bNOK 43.4b-NOK 1,273,806,184.0025.8x-95.8x2.8x
Fri, 15 Dec 2023NOK 118.8bNOK 43.3b-NOK 1,272,993,756.0026.3x-93.3x2.7x
Sun, 12 Nov 2023NOK 98.0bNOK 43.7b-NOK 1,282,155,734.0018.9x-76.4x2.2x
Tue, 10 Oct 2023NOK 100.6bNOK 42.4b-NOK 1,483,527,926.0026.5x-67.8x2.4x
Thu, 07 Sep 2023NOK 126.0bNOK 42.3b-NOK 1,476,985,964.0028.8x-85.3x3x
Sat, 05 Aug 2023NOK 151.4bNOK 40.4bNOK 177.2m45.2x854.3x3.7x
Mon, 03 Jul 2023NOK 152.3bNOK 40.0bNOK 318.5m50.4x478.1x3.8x
Wed, 31 May 2023NOK 151.2bNOK 40.5bNOK 342.5m50.1x441.4x3.7x
Fri, 28 Apr 2023NOK 107.7bNOK 25.7b-NOK 76,631,356.0046.1x-1405.9x4.2x
Price to Earnings Ratio

-1405.9x


Total Market Cap: NOK 107.7bTotal Earnings: -NOK 76,631,356.00Total Revenue: NOK 25.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Machinery Industry Price to Earnings3Y Average -41.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Norwegian Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 17% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

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

NO Market-4.09%
Industrials-4.37%
Machinery5.17%
Industrial Machinery5.75%
Agricultural Machinery4.10%
Construction Machinery and Vehicles0.19%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 31.6%, which is higher than its past year's earnings decline of 5.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 38% over the next 5 years.
  • However this is lower than its past earnings growth rate of 84% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 19% 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
AUTO AutoStore HoldingsNOK 11.0010.2%
+NOK 3.4b		48.6%PE48.5x
TOM Tomra SystemsNOK 124.302.7%
+NOK 974.8m		-17.4%PE36x
AKVA AKVA groupNOK 127.004.1%
+NOK 182.0m		100.3%PE25.1x
CAMBI CambiNOK 19.501.0%
+NOK 32.0m		15.7%PE23.2x
EQVA EqvaNOK 3.569.9%
+NOK 26.6m		-25.7%PE18.8x

Latest News

CAMBI
NOK 19.50
Cambi
7D
1.0%
1Y
15.7%
CAPSL
NOK 5.00
Capsol Technologies
7D
2.0%
1Y
-44.4%
AKVA
NOK 127.00
AKVA group
7D
4.1%
1Y
100.3%
TOM
NOK 124.30
Tomra Systems
7D
2.7%
1Y
-17.4%

TOM: Modest P/E Adjustment Will Still Support Further Upside Potential

Analysts now set a slightly lower price target for Tomra Systems at about NOK 148, compared with roughly NOK 150 previously. This change reflects updated assumptions for the discount rate, revenue growth, profit margins and future P/E expectations.
HPUR
NOK 1.13
Hexagon Purus
7D
1.8%
1Y
-40.2%

HPUR: Long Dated Hydrogen Orders Will Support Future Upside Potential

Analysts have raised their price target for Hexagon Purus to NOK 2.20 from NOK 2.10, reflecting model adjustments that include slightly stronger forecast revenue growth, a marginally lower long-term profit margin, and a modestly lower future P/E assumption. What's in the News Hexagon Purus received purchase orders for hydrogen distribution units from a Central European integrated energy company, with a total value of approximately €6.2 million.
NTG
NOK 1.73
Nordic Technology Group
7D
-3.9%
1Y
33.1%
EQVA
NOK 3.56
Eqva
7D
9.9%
1Y
-25.7%
ENDUR
NOK 107.00
Endúr
7D
-0.6%
1Y
43.8%
HYPRO
NOK 1.48
HydrogenPro
7D
-1.0%
1Y
-65.3%
SCANA
NOK 1.46
Scana
7D
1.7%
1Y
-26.2%
AUTO
NOK 11.00
AutoStore Holdings
7D
10.2%
1Y
48.6%
HEX
NOK 10.36
Hexagon Composites
7D
-0.4%
1Y
-47.9%

Hexagon Composites ASA (OB:HEX) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Feb 15
Hexagon Composites ASA (OB:HEX) Consensus Forecasts Have Become A Little Darker Since Its Latest Report