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Norwegian (OSEAX) Machinery Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.1%
  • 3M-6.9%
  • 1Y-14.0%
  • YTD-10.1%

Over the last 7 days, the Machinery industry has dropped 3.1%, driven by AutoStore Holdings declining 8.0%. Overall the industry is down 14% in 12 months. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026NOK 87.6bNOK 41.1b-NOK 893,726,622.9525.6x-98x2.1x
Sat, 31 Jan 2026NOK 92.6bNOK 40.3b-NOK 1,573,552,664.2529.9x-58.8x2.3x
Mon, 29 Dec 2025NOK 92.5bNOK 41.0b-NOK 1,500,984,061.3524.6x-61.6x2.3x
Wed, 26 Nov 2025NOK 87.4bNOK 41.2b-NOK 1,475,611,669.9425.3x-59.2x2.1x
Fri, 24 Oct 2025NOK 87.6bNOK 40.3b-NOK 1,245,441,408.3733x-70.3x2.2x
Sun, 21 Sep 2025NOK 95.8bNOK 40.9b-NOK 971,430,001.6729.2x-98.6x2.3x
Tue, 19 Aug 2025NOK 94.8bNOK 40.2b-NOK 919,128,181.4736.5x-103.1x2.4x
Thu, 17 Jul 2025NOK 90.6bNOK 41.5b-NOK 714,371,978.5426.8x-126.8x2.2x
Sat, 14 Jun 2025NOK 82.2bNOK 40.6b-NOK 803,004,096.0423.4x-102.4x2x
Mon, 12 May 2025NOK 79.7bNOK 41.0bNOK 264.2m15.8x301.6x1.9x
Wed, 09 Apr 2025NOK 83.7bNOK 42.3bNOK 712.7m16.2x117.5x2x
Fri, 07 Mar 2025NOK 103.7bNOK 41.8bNOK 690.4m19.7x150.3x2.5x
Sun, 02 Feb 2025NOK 105.8bNOK 46.4b-NOK 370,968,051.6719.6x-285.3x2.3x
Tue, 31 Dec 2024NOK 105.3bNOK 46.5b-NOK 544,315,551.5017.2x-193.5x2.3x
Thu, 28 Nov 2024NOK 110.9bNOK 45.9b-NOK 613,579,606.4217x-180.8x2.4x
Sat, 26 Oct 2024NOK 104.1bNOK 45.4b-NOK 411,374,559.3017.7x-253x2.3x
Mon, 23 Sep 2024NOK 103.5bNOK 45.0b-NOK 487,402,174.4816.7x-212.4x2.3x
Wed, 21 Aug 2024NOK 107.1bNOK 44.6b-NOK 191,986,231.2417.7x-557.8x2.4x
Fri, 19 Jul 2024NOK 113.6bNOK 44.7b-NOK 2,041,937,914.5715.1x-55.6x2.5x
Sun, 16 Jun 2024NOK 111.1bNOK 44.6b-NOK 2,034,105,540.4014.8x-54.6x2.5x
Tue, 14 May 2024NOK 110.4bNOK 44.4b-NOK 1,979,461,960.9014.5x-55.8x2.5x
Thu, 11 Apr 2024NOK 123.1bNOK 44.4b-NOK 1,908,839,405.0013.7x-64.5x2.8x
Sat, 09 Mar 2024NOK 125.4bNOK 44.0b-NOK 1,859,255,040.0014.2x-67.5x2.9x
Mon, 05 Feb 2024NOK 113.1bNOK 43.5b-NOK 1,287,966,527.0025.3x-87.8x2.6x
Wed, 03 Jan 2024NOK 121.0bNOK 43.2b-NOK 1,257,896,316.0026.2x-96.2x2.8x
Fri, 01 Dec 2023NOK 111.4bNOK 43.7b-NOK 1,304,866,476.0024.5x-85.4x2.6x
Sun, 29 Oct 2023NOK 84.4bNOK 43.2b-NOK 1,646,255,833.0023x-51.3x2x
Tue, 26 Sep 2023NOK 110.8bNOK 42.4b-NOK 1,484,826,922.0027.3x-74.6x2.6x
Thu, 24 Aug 2023NOK 127.2bNOK 41.8b-NOK 1,550,062,893.0029.4x-82.1x3x
Sat, 22 Jul 2023NOK 151.3bNOK 40.4bNOK 176.5m44.6x857.5x3.7x
Mon, 19 Jun 2023NOK 162.7bNOK 39.8bNOK 307.6m52.3x529x4.1x
Wed, 17 May 2023NOK 142.4bNOK 39.7bNOK 527.0m36.3x270.2x3.6x
Fri, 14 Apr 2023NOK 100.6bNOK 25.1b-NOK 84,445,450.0067.8x-1191.1x4x
Sun, 12 Mar 2023NOK 103.5bNOK 25.5b-NOK 79,411,976.0071.8x-1302.7x4.1x
Price to Earnings Ratio

-1302.7x


Total Market Cap: NOK 103.5bTotal Earnings: -NOK 79,411,976.00Total Revenue: NOK 25.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Machinery Industry Price to Earnings3Y Average -94.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.1x.
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 Market1.51%
Industrials1.91%
Machinery-3.10%
Construction Machinery and Vehicles2.49%
Agricultural Machinery1.11%
Industrial Machinery-3.85%
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 30.4%, which is higher than its past year's earnings growth of 9.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 37% 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 18% 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
TOM Tomra SystemsNOK 114.700.5%
+NOK 177.2m		-30.1%PE32.5x
AKVA AKVA groupNOK 103.004.0%
+NOK 145.6m		68.9%PE20.8x
CAMBI CambiNOK 18.153.4%
+NOK 96.0m		-3.5%PE18.1x
HYPRO HydrogenProNOK 1.608.8%
+NOK 12.4m		-67.9%PS1.8x
CAPSL Capsol TechnologiesNOK 4.503.4%
+NOK 11.2m		-51.5%n/a

Latest News

ENDUR
NOK 108.80
Endúr
7D
-1.4%
1Y
57.2%
EQVA
NOK 3.08
Eqva
7D
4.4%
1Y
-43.6%
HYPRO
NOK 1.60
HydrogenPro
7D
8.8%
1Y
-67.9%
GOD
NOK 10.80
Goodtech
7D
-0.5%
1Y
21.3%
AKVA
NOK 103.00
AKVA group
7D
4.0%
1Y
68.9%

AKVA: Reaffirmed 2027 Margin Guidance Will Support Future Earnings Upside

Analysts have lifted their price target on AKVA group from NOK 110 to NOK 115, citing updated model inputs that include adjusted revenue growth assumptions, a slightly different discount rate, a modestly higher profit margin outlook, and a revised forward P/E of 17.65x. What's in the News AKVA group ASA reaffirmed its earnings guidance for 2027, targeting minimum revenue of NOK 5b and an EBIT margin of 9% (company guidance).
SCANA
NOK 1.52
Scana
7D
-2.7%
1Y
-29.4%
AUTO
NOK 10.49
AutoStore Holdings
7D
-8.0%
1Y
4.7%
TOM
NOK 114.70
Tomra Systems
7D
0.5%
1Y
-30.1%

TOM: Higher Future P E Multiple Will Support Further Upside Ahead

Analysts have slightly lowered their price target on Tomra Systems to NOK 150.25 from NOK 150.96, citing updated assumptions for revenue growth, profit margins, and a higher expected future P/E multiple. Valuation Changes Fair Value: NOK 150.25, down slightly from NOK 150.96, reflecting modestly updated model inputs.
HPUR
NOK 1.06
Hexagon Purus
7D
-1.1%
1Y
-39.2%

HPUR: Higher Discount Rate Will Still Support Attractive Future Upside

Analysts have trimmed their Hexagon Purus price target from NOK1.70 to NOK1.50, citing adjustments in discount rate assumptions, slightly different revenue growth expectations, and revised future P/E inputs as the key drivers of the change. Valuation Changes Fair Value: trimmed from NOK1.70 to NOK1.50, representing a modest reduction in the implied equity valuation per share.
NKR
NOK 13.65
Nekkar
7D
-3.2%
1Y
33.2%

Industry Analysts Just Upgraded Their Nekkar ASA (OB:NKR) Revenue Forecasts By 19%

Feb 18
Industry Analysts Just Upgraded Their Nekkar ASA (OB:NKR) Revenue Forecasts By 19%
HEX
NOK 8.06
Hexagon Composites
7D
-2.1%
1Y
-65.6%

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
CAPSL
NOK 4.50
Capsol Technologies
7D
3.4%
1Y
-51.5%
NTG
NOK 2.00
Nordic Technology Group
7D
0.5%
1Y
17.6%
HAV
NOK 10.40
HAV Group
7D
2.0%
1Y
89.1%
CAMBI
NOK 18.15
Cambi
7D
3.4%
1Y
-3.5%