Narrative Update • Jun 24
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Norwegian (OSEAX) Machinery Industry Analysis
UpdatedJul 21, 2026
DataAggregated Company Financials
Companies15
- 7D3.2%
- 3M-5.6%
- 1Y4.9%
- YTD-11.9%
Over the last 7 days, the Machinery industry has risen 4.0%, driven by gains from Tomra Systems of 16%. In the same time, Hexagon Purus was down 22%. This means that the industry has gained 5.7% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Norwegian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | NOK 135.9b | NOK 69.8b | NOK 4.5b | 28.2x | 30.3x | 1.9x |
| Thu, 18 Jun 2026 | NOK 140.8b | NOK 42.9b | NOK 477.6m | 31.9x | 294.8x | 3.3x |
| Sat, 16 May 2026 | NOK 144.0b | NOK 42.3b | NOK 370.8m | 28.3x | 388.5x | 3.4x |
| Mon, 13 Apr 2026 | NOK 91.2b | NOK 40.9b | -NOK 812,401,471.59 | 30.1x | -112.2x | 2.2x |
| Wed, 11 Mar 2026 | NOK 87.1b | NOK 41.1b | -NOK 896,310,766.31 | 26.3x | -97.2x | 2.1x |
| Fri, 06 Feb 2026 | NOK 90.8b | NOK 40.5b | -NOK 1,550,071,608.69 | 27.8x | -58.6x | 2.2x |
| Sun, 04 Jan 2026 | NOK 97.3b | NOK 41.1b | -NOK 1,495,452,307.80 | 25.1x | -65x | 2.4x |
| Tue, 02 Dec 2025 | NOK 90.9b | NOK 41.1b | -NOK 1,493,011,312.56 | 26.2x | -60.9x | 2.2x |
| Thu, 30 Oct 2025 | NOK 89.0b | NOK 40.4b | -NOK 1,238,721,825.58 | 32.5x | -71.9x | 2.2x |
| Sat, 27 Sep 2025 | NOK 92.3b | NOK 40.9b | -NOK 971,176,136.84 | 29x | -95.1x | 2.3x |
| Mon, 25 Aug 2025 | NOK 93.7b | NOK 41.2b | -NOK 865,807,420.72 | 35.5x | -108.3x | 2.3x |
| Wed, 23 Jul 2025 | NOK 84.0b | NOK 40.8b | -NOK 745,003,469.92 | 25.2x | -112.8x | 2.1x |
| Fri, 20 Jun 2025 | NOK 83.6b | NOK 40.8b | -NOK 776,922,402.72 | 23.2x | -107.7x | 2x |
| Sun, 18 May 2025 | NOK 83.1b | NOK 41.1b | -NOK 543,846,575.64 | 21.7x | -152.7x | 2x |
| Tue, 15 Apr 2025 | NOK 87.0b | NOK 42.0b | NOK 674.4m | 17.2x | 129x | 2.1x |
| Thu, 13 Mar 2025 | NOK 99.3b | NOK 41.4b | NOK 642.4m | 19.6x | 154.6x | 2.4x |
| Sat, 08 Feb 2025 | NOK 103.8b | NOK 46.2b | -NOK 379,945,578.18 | 20.5x | -273.2x | 2.2x |
| Mon, 06 Jan 2025 | NOK 103.0b | NOK 46.4b | -NOK 548,990,379.67 | 17.3x | -187.7x | 2.2x |
| Wed, 04 Dec 2024 | NOK 109.9b | NOK 46.0b | -NOK 569,534,083.32 | 16.7x | -192.9x | 2.4x |
| Fri, 01 Nov 2024 | NOK 105.6b | NOK 45.6b | -NOK 403,717,557.00 | 17.5x | -261.6x | 2.3x |
| Sun, 29 Sep 2024 | NOK 107.7b | NOK 45.0b | -NOK 484,769,619.83 | 17.4x | -222.3x | 2.4x |
| Tue, 27 Aug 2024 | NOK 107.4b | NOK 45.1b | -NOK 234,451,931.86 | 17.9x | -458.2x | 2.4x |
| Thu, 25 Jul 2024 | NOK 116.7b | NOK 45.7b | -NOK 2,137,720,978.15 | 15.5x | -54.6x | 2.6x |
| Sat, 22 Jun 2024 | NOK 105.3b | NOK 44.5b | -NOK 2,025,226,991.83 | 14.1x | -52x | 2.4x |
| Mon, 20 May 2024 | NOK 115.8b | NOK 44.6b | -NOK 2,044,563,969.06 | 14x | -56.7x | 2.6x |
| Wed, 17 Apr 2024 | NOK 121.4b | NOK 44.5b | -NOK 1,924,592,748.98 | 13.7x | -63.1x | 2.7x |
| Fri, 15 Mar 2024 | NOK 128.1b | NOK 44.1b | -NOK 1,872,131,124.00 | 14x | -68.4x | 2.9x |
| Sun, 11 Feb 2024 | NOK 112.5b | NOK 43.4b | -NOK 1,280,933,106.47 | 24.9x | -87.8x | 2.6x |
| Tue, 09 Jan 2024 | NOK 114.1b | NOK 43.2b | -NOK 1,261,657,170.00 | 26x | -90.5x | 2.6x |
| Thu, 07 Dec 2023 | NOK 114.8b | NOK 43.9b | -NOK 1,322,766,895.00 | 25.8x | -86.8x | 2.6x |
| Sat, 04 Nov 2023 | NOK 93.6b | NOK 43.5b | -NOK 1,606,156,771.00 | 18.8x | -58.2x | 2.2x |
| Mon, 02 Oct 2023 | NOK 109.0b | NOK 42.3b | -NOK 1,471,541,239.00 | 26.6x | -74x | 2.6x |
| Wed, 30 Aug 2023 | NOK 128.0b | NOK 42.0b | -NOK 1,553,955,822.00 | 30.2x | -82.4x | 3.1x |
| Fri, 28 Jul 2023 | NOK 154.3b | NOK 40.3b | NOK 173.6m | 48x | 889.1x | 3.8x |
Price to Earnings Ratio
889.1x
Current Industry PE
- Investors are optimistic on the Norwegian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.6x which is higher than its 3-year average PE of -37.4x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 193% per year over the last three years.
- Revenues for these companies have grown 20% 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 Market | -0.042% | |
| Industrials | -0.13% | |
| Machinery | 3.22% | |
| Industrial Machinery | 5.24% | |
| Construction Machinery and Vehicles | 0.73% | |
| Agricultural Machinery | -0.39% | |
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 32.5%, which is higher than its past year's earnings growth of 3.2% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 3.2% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TOM Tomra Systems | NOK 106.50 | 12.1% +NOK 3.4b | -23.9% | PE34.3x | |
| KMAR Kongsberg Maritime | NOK 52.08 | 1.0% +NOK 439.8m | n/a | PE17.2x | |
| AUTO AutoStore Holdings | NOK 11.24 | 0.5% +NOK 201.8m | 59.2% | PE31.3x | |
| HEX Hexagon Composites | NOK 9.75 | 4.6% +NOK 136.1m | -42.7% | PS1.2x | |
| CAMBI Cambi | NOK 21.50 | 3.4% +NOK 112.0m | -1.8% | PE25.1x |
