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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies12
  • 7D-2.5%
  • 3M-0.7%
  • 1Y8.3%
  • YTD2.2%

Over the last 7 days, the Marine and Shipping industry has dropped 3.0%, driven by a pullback from Wallenius Wilhelmsen of 5.1%. In the past year, the industry has gained 7.6%. As for the next few years, earnings are forecast to decline by 14% per annum.

Industry Valuation and Performance

Has the Norwegian Marine and Shipping Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025NOK 131.5bNOK 141.8bNOK 31.8b4.1x4.1x0.9x
Fri, 21 Nov 2025NOK 127.0bNOK 144.0bNOK 32.4b4.1x3.9x0.9x
Sun, 19 Oct 2025NOK 117.6bNOK 141.9bNOK 32.4b4.1x3.6x0.8x
Tue, 16 Sep 2025NOK 132.7bNOK 139.0bNOK 32.0b4.3x4.1x1x
Thu, 14 Aug 2025NOK 133.7bNOK 146.5bNOK 34.7b3.9x3.9x0.9x
Sat, 12 Jul 2025NOK 129.6bNOK 149.9bNOK 35.8b3.6x3.6x0.9x
Mon, 09 Jun 2025NOK 127.4bNOK 151.6bNOK 36.5b3.5x3.5x0.8x
Wed, 07 May 2025NOK 106.1bNOK 148.8bNOK 34.7b3.1x3.1x0.7x
Fri, 04 Apr 2025NOK 98.8bNOK 149.7bNOK 34.8b2.6x2.8x0.7x
Sun, 02 Mar 2025NOK 118.2bNOK 167.2bNOK 38.0b3.1x3.1x0.7x
Tue, 28 Jan 2025NOK 127.8bNOK 165.9bNOK 37.1b3.3x3.4x0.8x
Thu, 26 Dec 2024NOK 131.6bNOK 167.0bNOK 37.4b3.4x3.5x0.8x
Sat, 23 Nov 2024NOK 150.9bNOK 164.2bNOK 36.5b3.9x4.1x0.9x
Mon, 21 Oct 2024NOK 161.9bNOK 160.3bNOK 35.1b4.1x4.6x1x
Wed, 18 Sep 2024NOK 166.4bNOK 155.2bNOK 33.9b4.7x4.9x1.1x
Fri, 16 Aug 2024NOK 160.1bNOK 156.3bNOK 33.4b5.1x4.8x1x
Sun, 14 Jul 2024NOK 162.0bNOK 157.5bNOK 33.4b5.5x4.8x1x
Tue, 11 Jun 2024NOK 164.8bNOK 157.9bNOK 32.7b5.7x5x1x
Thu, 09 May 2024NOK 174.3bNOK 161.6bNOK 33.3b6.1x5.2x1.1x
Sat, 06 Apr 2024NOK 146.6bNOK 157.2bNOK 31.7b5.9x4.6x0.9x
Mon, 04 Mar 2024NOK 150.2bNOK 154.1bNOK 31.1b6.3x4.8x1x
Wed, 31 Jan 2024NOK 178.5bNOK 181.5bNOK 32.6b7.3x5.5x1x
Fri, 29 Dec 2023NOK 158.0bNOK 177.5bNOK 31.8b6.8x5x0.9x
Sun, 26 Nov 2023NOK 161.9bNOK 185.8bNOK 35.4b5.8x4.6x0.9x
Tue, 24 Oct 2023NOK 154.0bNOK 192.1bNOK 34.2b4.5x4.5x0.8x
Thu, 21 Sep 2023NOK 151.3bNOK 187.1bNOK 33.0b4.9x4.6x0.8x
Sat, 19 Aug 2023NOK 145.2bNOK 186.1bNOK 32.1b4.6x4.5x0.8x
Mon, 17 Jul 2023NOK 138.4bNOK 179.6bNOK 26.2b4.9x5.3x0.8x
Wed, 14 Jun 2023NOK 139.6bNOK 188.5bNOK 28.2b4.8x4.9x0.7x
Fri, 12 May 2023NOK 139.0bNOK 186.8bNOK 28.4b4.2x4.9x0.7x
Sun, 09 Apr 2023NOK 135.7bNOK 183.9bNOK 27.9b4.9x4.9x0.7x
Tue, 07 Mar 2023NOK 146.0bNOK 181.7bNOK 28.9b5.1x5.1x0.8x
Thu, 02 Feb 2023NOK 143.6bNOK 171.9bNOK 25.8b6.4x5.6x0.8x
Sat, 31 Dec 2022NOK 142.5bNOK 168.6bNOK 25.4b6.7x5.6x0.8x
Price to Earnings Ratio

5.6x


Total Market Cap: NOK 142.5bTotal Earnings: NOK 25.4bTotal Revenue: NOK 168.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine and Shipping Industry Price to Earnings3Y Average 4.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Shipping 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 PE ratio of 4.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have grown 7.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

NO Market1.89%
Industrials2.13%
Marine and Shipping-2.51%
Marine-2.51%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
WEST Western Bulk CharteringNOK 16.751.8%
+NOK 10.1m		26.4%PS0.05x

Latest News

HAUTO
NOK 95.50
Höegh Autoliners
7D
-1.5%
1Y
-13.5%
WWI
NOK 572.00
Wilh. Wilhelmsen Holding
7D
-2.1%
1Y
41.8%

WWI Will Reward Shareholders Through Prospective Additional Dividend Payout

Analysts have increased their average price target for Wilh. Wilhelmsen Holding from NOK 524 to NOK 705, citing modestly higher assumed revenue growth and valuation multiples, partly offset by more conservative long term margin expectations.
KCC
NOK 78.20
Klaveness Combination Carriers
7D
-2.7%
1Y
6.0%

KCC: Long-Term Contract And Higher Margins Will Support Stronger Returns

Analysts have raised their price target for Klaveness Combination Carriers from approximately $72.08 to $90.61. This reflects improved expectations for revenue resilience, higher long term profit margins, and a slightly lower future valuation multiple despite a modestly higher discount rate.
SNI
NOK 316.50
Stolt-Nielsen
7D
-4.4%
1Y
10.5%

SNI: Higher Profitability And Capital Returns Will Drive Stronger Future Upside

Analysts have raised their price target for Stolt-Nielsen by approximately NOK 46 to reflect a higher fair value estimate of about NOK 381, citing improved profit margin expectations and a slightly lower discount rate, despite more muted long term revenue growth assumptions. What's in the News CFO Jens F.
WAWI
NOK 99.10
Wallenius Wilhelmsen
7D
-2.7%
1Y
6.9%

WAWI: Neutral Rerating Will Likely Leave Shares Vulnerable To Margin Pressure

Analysts have lifted their price target on Wallenius Wilhelmsen from NOK 75.38 to NOK 84.24, citing a modestly lower discount rate, slightly improved revenue decline expectations, and a higher assumed future price to earnings multiple, despite some compression in projected profit margins. Analyst Commentary Bearish analysts acknowledge that the higher price target reflects a more constructive view on the companys medium term prospects, but they emphasize that the new level still implies limited upside from current trading levels.
2020
NOK 140.20
2020 Bulkers
7D
-0.7%
1Y
13.5%
HSHP
NOK 89.10
Himalaya Shipping
7D
-3.8%
1Y
65.0%
MPCC
NOK 17.07
MPC Container Ships
7D
-4.4%
1Y
-16.6%
WEST
NOK 16.75
Western Bulk Chartering
7D
1.8%
1Y
26.4%