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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies12
  • 7D6.9%
  • 3M-1.0%
  • 1Y44.4%
  • YTD23.0%

In the last week, the Marine and Shipping industry is up 6.9%, with Wallenius Wilhelmsen up 9.9%. This means that the industry has gained 44% over the past year. In the next few years, earnings are forecast to decline by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026NOK 163.8bNOK 133.5bNOK 27.7b6.3x5.9x1.2x
Mon, 04 May 2026NOK 152.7bNOK 129.8bNOK 27.2b5.7x5.6x1.2x
Wed, 01 Apr 2026NOK 162.1bNOK 134.9bNOK 29.3b5.8x5.5x1.2x
Fri, 27 Feb 2026NOK 164.4bNOK 133.1bNOK 28.9b5.6x5.7x1.2x
Sun, 25 Jan 2026NOK 140.4bNOK 137.8bNOK 30.9b4.7x4.5x1x
Tue, 23 Dec 2025NOK 130.7bNOK 142.5bNOK 32.0b4.1x4.1x0.9x
Thu, 20 Nov 2025NOK 126.1bNOK 143.7bNOK 32.3b4.1x3.9x0.9x
Sat, 18 Oct 2025NOK 117.6bNOK 141.9bNOK 32.4b4.1x3.6x0.8x
Mon, 15 Sep 2025NOK 129.7bNOK 139.5bNOK 32.1b4.1x4x0.9x
Wed, 13 Aug 2025NOK 132.2bNOK 146.7bNOK 33.9b3.8x3.9x0.9x
Fri, 11 Jul 2025NOK 129.6bNOK 149.9bNOK 35.8b3.6x3.6x0.9x
Sun, 08 Jun 2025NOK 127.4bNOK 151.6bNOK 36.5b3.5x3.5x0.8x
Tue, 06 May 2025NOK 107.3bNOK 150.6bNOK 35.1b3.1x3.1x0.7x
Thu, 03 Apr 2025NOK 102.2bNOK 151.0bNOK 34.5b3x3x0.7x
Sat, 01 Mar 2025NOK 118.1bNOK 166.5bNOK 37.5b3.2x3.1x0.7x
Mon, 27 Jan 2025NOK 127.8bNOK 165.0bNOK 36.9b3.3x3.5x0.8x
Wed, 25 Dec 2024NOK 131.6bNOK 167.3bNOK 37.4b3.3x3.5x0.8x
Fri, 22 Nov 2024NOK 148.9bNOK 163.6bNOK 36.4b3.9x4.1x0.9x
Sun, 20 Oct 2024NOK 161.9bNOK 160.3bNOK 35.1b4.1x4.6x1x
Tue, 17 Sep 2024NOK 162.1bNOK 155.0bNOK 33.9b4.6x4.8x1x
Thu, 15 Aug 2024NOK 159.3bNOK 155.8bNOK 32.6b5.3x4.9x1x
Sat, 13 Jul 2024NOK 162.0bNOK 157.5bNOK 33.4b5.5x4.8x1x
Mon, 10 Jun 2024NOK 164.8bNOK 158.8bNOK 32.9b5.5x5x1x
Wed, 08 May 2024NOK 169.2bNOK 161.3bNOK 32.9b6.1x5.1x1x
Fri, 05 Apr 2024NOK 144.8bNOK 157.4bNOK 31.7b5.7x4.6x0.9x
Sun, 03 Mar 2024NOK 150.2bNOK 154.1bNOK 31.1b6.3x4.8x1x
Tue, 30 Jan 2024NOK 174.1bNOK 181.3bNOK 32.6b7.3x5.3x1x
Thu, 28 Dec 2023NOK 157.7bNOK 176.0bNOK 31.5b6.6x5x0.9x
Sat, 25 Nov 2023NOK 161.9bNOK 186.2bNOK 34.5b5.8x4.7x0.9x
Mon, 23 Oct 2023NOK 154.3bNOK 191.8bNOK 34.2b4.7x4.5x0.8x
Wed, 20 Sep 2023NOK 152.1bNOK 187.8bNOK 33.1b4.9x4.6x0.8x
Fri, 18 Aug 2023NOK 145.6bNOK 185.1bNOK 31.9b4.8x4.6x0.8x
Sun, 16 Jul 2023NOK 138.4bNOK 179.6bNOK 26.2b4.9x5.3x0.8x
Tue, 13 Jun 2023NOK 137.7bNOK 191.0bNOK 28.6b4.7x4.8x0.7x
Price to Earnings Ratio

4.8x


Total Market Cap: NOK 137.7bTotal Earnings: NOK 28.6bTotal Revenue: NOK 191.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine and Shipping Industry Price to Earnings3Y Average 4.4x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Shipping industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 5.9x which is higher than its 3-year average PE of 4.4x.
  • The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 11% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

NO Market0.24%
Industrials-2.30%
Marine and Shipping6.86%
Marine6.86%
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
WAWI Wallenius WilhelmsenNOK 130.509.9%
+NOK 5.0b		52.4%PE6.1x
HAUTO Höegh AutolinersNOK 146.807.2%
+NOK 1.9b		57.8%PE6.4x
WWI Wilh. Wilhelmsen HoldingNOK 728.004.7%
+NOK 1.4b		62.1%PE5.1x
MPCC MPC Container ShipsNOK 26.037.7%
+NOK 820.8m		57.9%PE5.6x
SNI Stolt-NielsenNOK 308.505.1%
+NOK 796.8m		16.2%PE7x

Latest News

HSHP
NOK 137.00
Himalaya Shipping
7D
0.3%
1Y
118.5%
New Narrative • Jun 05

Iron Ore And Bauxite Trade Expansion Will Support Long Haul Shipping Demand

Catalysts About Himalaya Shipping Himalaya Shipping operates a fleet of 12 modern dual fuel LNG Newcastlemax dry bulk vessels focused on long-haul iron ore and bauxite trades. What are the underlying business or industry changes driving this perspective?
SNI
NOK 308.50
Stolt-Nielsen
7D
5.1%
1Y
16.2%
Narrative Update • Jun 04

SNI: Mixed Rating Shifts And Dividend Payout Will Shape Future Returns

The analyst price target for Stolt-Nielsen has shifted to NOK 322 from NOK 336, as analysts update their views on revenue growth, profit margins and future P/E assumptions following mixed recent research, including both an upgrade and a downgrade. Analyst Commentary Recent research on Stolt-Nielsen offers a mix of optimism and caution, which helps explain the adjustment in the consolidated price target to NOK 322.
MPCC
NOK 26.03
MPC Container Ships
7D
7.7%
1Y
57.9%
WWI
NOK 728.00
Wilh. Wilhelmsen Holding
7D
4.7%
1Y
62.1%
Narrative Update • Jun 03

WWI: New Buyback Authorization Will Support Confidence In Future Return Potential

Analysts have kept their NOK 825.97 price target for Wilh. Wilhelmsen Holding broadly unchanged, with a slightly higher discount rate and P/E assumption, as well as slightly lower revenue growth and profit margin inputs guiding the updated view.
HAUTO
NOK 146.80
Höegh Autoliners
7D
7.2%
1Y
57.8%
Narrative Update • Jun 02

HAUTO: Future Returns Will Reflect Dividend Payouts And Moderating Revenue Pressures

Analysts have lifted their price target on Höegh Autoliners from NOK129.75 to NOK148.37, citing updated assumptions around the discount rate, revenue trajectory, profit margin and future P/E that they now see as better aligned with recent company data. What's in the News Höegh Autoliners ASA announced a planned dividend distribution totaling US$94 million, according to company disclosures.
ODF
NOK 112.20
Odfjell
7D
6.0%
1Y
1.4%
Narrative Update • May 27

ODF: Hold Downgrade And Fleet Renewal Will Shape Future Return Potential

Analysts have reduced their price target on Odfjell to NOK 114, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E following the recent downgrade to Hold. Analyst Commentary Analysts have shifted to a Hold view at a NOK 114 price target, which signals more balanced expectations around Odfjell’s risk and reward at current levels.
KCC
NOK 92.20
Klaveness Combination Carriers
7D
3.4%
1Y
48.5%
Narrative Update • May 23

KCC: Future Charter Visibility And Dividends Will Support Balanced Return Potential

Klaveness Combination Carriers' analyst price target has increased from NOK 90.88 to NOK 109.25, as analysts revise fair value assumptions, discount rate, revenue growth expectations, profit margin outlook, and future P/E inputs in their models. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for the MV Bass, a vessel built in 2021, with a company in the global energy industry, providing future employment visibility for this ship (Key Developments).
WAWI
NOK 130.50
Wallenius Wilhelmsen
7D
9.9%
1Y
52.4%
Narrative Update • May 22

WAWI: Softer Margins And Higher Required Returns Will Likely Cap Future Upside

Analysts have trimmed their Wallenius Wilhelmsen fair value estimate from NOK 77.27 to NOK 75.22, citing slightly softer profit margin assumptions and a modestly higher discount rate, even as they adopt a more constructive stance overall in recent research. Analyst Commentary Recent research around Wallenius Wilhelmsen reflects a more constructive stance overall, but not all commentary has been supportive.
2020
NOK 3.96
2020 Bulkers
7D
-6.2%
1Y
-96.8%
Analysis Article • May 20

Additional Considerations Required While Assessing 2020 Bulkers' (OB:2020) Strong Earnings

Investors were disappointed with 2020 Bulkers Ltd.'s ( OB:2020 ) earnings, despite the strong profit numbers. We think...
STST
NOK 41.90
Stainless Tankers
7D
-3.2%
1Y
-19.1%