Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Machinery Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.05%
  • 3M14.9%
  • 1Y-7.2%
  • YTD2.2%

The Machinery industry has been flat over the last week, but Tomra Systems has lost 3.2%. As for the longer term, the industry has declined 7.2% in the last year. As for the next few years, earnings are expected to grow by 38% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026NOK 99.3bNOK 41.0b-NOK 1,502,022,934.8123.9x-66.1x2.4x
Wed, 17 Dec 2025NOK 91.1bNOK 41.4b-NOK 1,469,337,572.2325.6x-62x2.2x
Fri, 14 Nov 2025NOK 87.5bNOK 39.7b-NOK 1,528,590,588.6831.3x-57.3x2.2x
Sun, 12 Oct 2025NOK 93.3bNOK 41.1b-NOK 948,672,802.0031.7x-98.3x2.3x
Tue, 09 Sep 2025NOK 94.2bNOK 41.0b-NOK 961,622,546.2729.2x-98x2.3x
Thu, 07 Aug 2025NOK 84.4bNOK 40.9b-NOK 728,498,980.8525.1x-115.9x2.1x
Sat, 05 Jul 2025NOK 90.0bNOK 41.3b-NOK 739,064,562.4625.1x-121.8x2.2x
Mon, 02 Jun 2025NOK 81.3bNOK 41.0b-NOK 767,985,002.6222.9x-105.8x2x
Wed, 30 Apr 2025NOK 80.5bNOK 41.1bNOK 392.7m14.9x205x2x
Fri, 28 Mar 2025NOK 98.5bNOK 41.1bNOK 651.0m19.3x151.3x2.4x
Sun, 23 Feb 2025NOK 111.7bNOK 41.7bNOK 759.8m20.3x147x2.7x
Tue, 21 Jan 2025NOK 105.3bNOK 46.4b-NOK 547,900,372.5718.5x-192.3x2.3x
Thu, 19 Dec 2024NOK 106.9bNOK 46.3b-NOK 551,466,731.4017x-193.8x2.3x
Sat, 16 Nov 2024NOK 107.7bNOK 45.6b-NOK 625,708,096.5120.5x-172.2x2.4x
Mon, 14 Oct 2024NOK 102.0bNOK 45.2b-NOK 468,295,825.1417.4x-217.9x2.3x
Wed, 11 Sep 2024NOK 100.8bNOK 45.6b-NOK 265,773,080.9515.9x-379.3x2.2x
Fri, 09 Aug 2024NOK 110.3bNOK 45.3b-NOK 2,124,718,993.3015.1x-51.9x2.4x
Sun, 07 Jul 2024NOK 106.6bNOK 44.4b-NOK 2,022,352,110.4215.6x-52.7x2.4x
Tue, 04 Jun 2024NOK 111.8bNOK 44.3b-NOK 2,025,367,180.2914.4x-55.2x2.5x
Thu, 02 May 2024NOK 111.6bNOK 44.6b-NOK 2,050,141,380.9013.6x-54.5x2.5x
Sat, 30 Mar 2024NOK 134.9bNOK 44.4b-NOK 1,912,947,466.1013.6x-70.5x3x
Mon, 26 Feb 2024NOK 120.2bNOK 43.8b-NOK 1,968,430,180.0038.4x-61.1x2.7x
Wed, 24 Jan 2024NOK 117.1bNOK 43.4b-NOK 1,277,617,945.0026x-91.6x2.7x
Fri, 22 Dec 2023NOK 122.6bNOK 43.2b-NOK 1,254,762,964.0026.3x-97.7x2.8x
Sun, 19 Nov 2023NOK 104.5bNOK 43.6b-NOK 1,316,641,703.0019x-79.4x2.4x
Tue, 17 Oct 2023NOK 97.0bNOK 42.6b-NOK 1,507,056,326.0025.3x-64.4x2.3x
Thu, 14 Sep 2023NOK 118.5bNOK 42.3b-NOK 1,473,995,511.0028.3x-80.4x2.8x
Sat, 12 Aug 2023NOK 141.8bNOK 40.7bNOK 192.5m41.9x736.6x3.5x
Mon, 10 Jul 2023NOK 142.3bNOK 39.9bNOK 311.4m46.3x456.9x3.6x
Wed, 07 Jun 2023NOK 160.1bNOK 40.4bNOK 334.8m51.1x478x4x
Fri, 05 May 2023NOK 144.2bNOK 38.8bNOK 836.9m58.6x172.3x3.7x
Sun, 02 Apr 2023NOK 100.3bNOK 25.3b-NOK 79,997,605.0067x-1254.2x4x
Tue, 28 Feb 2023NOK 101.0bNOK 24.8b-NOK 60,921,046.0021.4x-1657.9x4.1x
Thu, 26 Jan 2023NOK 96.4bNOK 23.3b-NOK 131,678,383.0016.1x-732.2x4.1x
Price to Earnings Ratio

-732.2x


Total Market Cap: NOK 96.4bTotal Earnings: -NOK 131,678,383.00Total Revenue: NOK 23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Machinery Industry Price to Earnings3Y Average -136x202420252026
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 2.7x.
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 21% 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 Market3.01%
Industrials5.61%
Machinery-0.048%
Construction Machinery and Vehicles3.64%
Agricultural Machinery1.92%
Industrial Machinery-0.39%
Industry PE
  • Investors are most optimistic about the Agricultural Machinery industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.1%, which is lower than the prior year's growth of 94.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 51% over the next 5 years.
  • 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
HPUR Hexagon PurusNOK 1.6119.2%
+NOK 111.4m		-63.5%PS0.6x
CAMBI CambiNOK 17.602.6%
+NOK 72.0m		12.8%PE17.6x
AKVA AKVA groupNOK 85.001.9%
+NOK 58.2m		25.4%PE18.9x
NTG Nordic Technology GroupNOK 1.3131.0%
+NOK 45.0m		-12.7%PS4.2x
HAV HAV GroupNOK 6.9820.8%
+NOK 42.0m		12.2%PE20.7x

Latest News

HAV
NOK 6.98
HAV Group
7D
20.8%
1Y
12.2%

There's No Escaping HAV Group ASA's (OB:HAV) Muted Revenues

Jan 19
There's No Escaping HAV Group ASA's (OB:HAV) Muted Revenues
TOM
NOK 127.60
Tomra Systems
7D
-6.5%
1Y
-17.1%

These 4 Measures Indicate That Tomra Systems (OB:TOM) Is Using Debt Reasonably Well

Jan 15
These 4 Measures Indicate That Tomra Systems (OB:TOM) Is Using Debt Reasonably Well
AUTO
NOK 12.00
AutoStore Holdings
7D
-5.7%
1Y
11.7%

Risks To Shareholder Returns Are Elevated At These Prices For AutoStore Holdings Ltd. (OB:AUTO)

Jan 15
Risks To Shareholder Returns Are Elevated At These Prices For AutoStore Holdings Ltd. (OB:AUTO)
HEX
NOK 8.07
Hexagon Composites
7D
-3.9%
1Y
-81.1%

Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?

Jan 13
Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
AKVA
NOK 85.00
AKVA group
7D
1.9%
1Y
25.4%

AKVA: 2027 Margin And Revenue Guidance Will Support Stronger Earnings

Analysts have kept their fair value estimate for AKVA group steady at NOK 105.00, while modestly adjusting the discount rate, revenue growth, profit margin and future P/E assumptions to reflect updated views on risk, earnings potential and valuation. What's in the News AKVA group has issued earnings guidance for 2025, indicating confidence in delivering minimum revenue of NOK 4,000,000,000 with an EBIT margin of at least 6% (company guidance).
SCANA
NOK 1.36
Scana
7D
-1.3%
1Y
-50.8%
HPUR
NOK 1.61
Hexagon Purus
7D
19.2%
1Y
-63.5%

HPUR: Stable Margins And Higher Growth Assumptions May Unlock Future Upside Potential

Analysts have nudged their price target on Hexagon Purus slightly higher to reflect small adjustments in projected revenue growth of about 0.6 percentage points to 52.27% and a modestly lower future P/E estimate of 5.54x, while keeping both fair value and the discount rate unchanged. Valuation Changes Revenue Growth: projected rate adjusted slightly from 51.66% to 52.27%, reflecting a modest uplift in expected topline expansion.
GOD
NOK 9.76
Goodtech
7D
-1.0%
1Y
-6.2%
CAMBI
NOK 17.60
Cambi
7D
2.6%
1Y
12.8%
ENDUR
NOK 88.20
Endúr
7D
-1.1%
1Y
28.4%
NKR
NOK 12.60
Nekkar
7D
2.9%
1Y
29.6%
NTG
NOK 1.31
Nordic Technology Group
7D
31.0%
1Y
-12.7%
HYPRO
NOK 1.97
HydrogenPro
7D
-4.5%
1Y
-63.5%
CAPSL
NOK 5.90
Capsol Technologies
7D
-1.7%
1Y
-48.2%