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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies13
  • 7D0.1%
  • 3M14.3%
  • 1Y43.3%
  • YTD29.2%

Over the last 7 days, the Marine and Shipping industry has remained flat. The past year has been better, since the industry has gained 43% in that time. 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
Wed, 22 Jul 2026NOK 173.7bNOK 136.5bNOK 28.0b6.7x6.2x1.3x
Fri, 19 Jun 2026NOK 158.8bNOK 137.5bNOK 28.5b6x5.6x1.2x
Sun, 17 May 2026NOK 160.6bNOK 131.5bNOK 27.4b6.1x5.9x1.2x
Tue, 14 Apr 2026NOK 162.9bNOK 132.1bNOK 27.6b6.4x5.9x1.2x
Thu, 12 Mar 2026NOK 162.2bNOK 134.4bNOK 29.2b5.3x5.6x1.2x
Sat, 07 Feb 2026NOK 146.5bNOK 136.0bNOK 30.2b4.8x4.8x1.1x
Mon, 05 Jan 2026NOK 133.6bNOK 141.9bNOK 31.8b4.2x4.2x0.9x
Wed, 03 Dec 2025NOK 129.7bNOK 143.2bNOK 32.1b4.2x4x0.9x
Fri, 31 Oct 2025NOK 119.8bNOK 142.0bNOK 32.3b4x3.7x0.8x
Sun, 28 Sep 2025NOK 131.1bNOK 141.1bNOK 32.5b4.2x4x0.9x
Tue, 26 Aug 2025NOK 134.7bNOK 143.4bNOK 33.0b4x4.1x0.9x
Thu, 24 Jul 2025NOK 137.5bNOK 150.6bNOK 36.2b3.8x3.8x0.9x
Sat, 21 Jun 2025NOK 126.6bNOK 151.7bNOK 36.5b3.5x3.5x0.8x
Mon, 19 May 2025NOK 114.6bNOK 150.6bNOK 34.9b3.3x3.3x0.8x
Wed, 16 Apr 2025NOK 100.7bNOK 154.2bNOK 35.5b2.9x2.8x0.7x
Fri, 14 Mar 2025NOK 115.4bNOK 155.1bNOK 35.5b3.2x3.3x0.7x
Sun, 09 Feb 2025NOK 129.8bNOK 165.9bNOK 37.0b3.4x3.5x0.8x
Tue, 07 Jan 2025NOK 133.4bNOK 166.2bNOK 37.2b3.4x3.6x0.8x
Thu, 05 Dec 2024NOK 142.9bNOK 162.7bNOK 36.4b3.6x3.9x0.9x
Sat, 02 Nov 2024NOK 143.6bNOK 163.2bNOK 35.8b3.7x4x0.9x
Mon, 30 Sep 2024NOK 167.8bNOK 153.7bNOK 33.6b4.6x5x1.1x
Wed, 28 Aug 2024NOK 154.1bNOK 153.5bNOK 33.7b4.5x4.6x1x
Fri, 26 Jul 2024NOK 161.5bNOK 162.1bNOK 34.6b5.4x4.7x1x
Sun, 23 Jun 2024NOK 164.2bNOK 156.7bNOK 32.4b5.3x5.1x1x
Tue, 21 May 2024NOK 173.9bNOK 158.1bNOK 33.0b6.1x5.3x1.1x
Thu, 18 Apr 2024NOK 153.4bNOK 162.8bNOK 33.0b5.9x4.6x0.9x
Sat, 16 Mar 2024NOK 143.0bNOK 155.6bNOK 31.4b6x4.6x0.9x
Mon, 12 Feb 2024NOK 161.8bNOK 158.5bNOK 32.8b6.7x4.9x1x
Wed, 10 Jan 2024NOK 167.9bNOK 180.1bNOK 32.3b7.1x5.2x0.9x
Fri, 08 Dec 2023NOK 156.5bNOK 188.1bNOK 33.9b5.5x4.6x0.8x
Sun, 05 Nov 2023NOK 162.0bNOK 191.4bNOK 36.2b5x4.5x0.8x
Tue, 03 Oct 2023NOK 149.2bNOK 188.8bNOK 33.3b4.8x4.5x0.8x
Thu, 31 Aug 2023NOK 144.9bNOK 185.4bNOK 32.8b4.7x4.4x0.8x
Sat, 29 Jul 2023NOK 134.7bNOK 181.2bNOK 26.5b5.1x5.1x0.7x
Price to Earnings Ratio

5.1x


Total Market Cap: NOK 134.7bTotal Earnings: NOK 26.5bTotal Revenue: NOK 181.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine and Shipping Industry Price to Earnings3Y Average 4.5x202420252026
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 6.2x which is higher than its 3-year average PE of 4.5x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.3x.
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 9.0% 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 Market0.40%
Industrials-0.22%
Marine and Shipping0.15%
Marine0.15%
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
WWI Wilh. Wilhelmsen HoldingNOK 747.002.2%
+NOK 671.3m		59.3%PE5.1x
WAWI Wallenius WilhelmsenNOK 141.000.7%
+NOK 422.8m		59.0%PE6.5x
HAUTO Höegh AutolinersNOK 159.400.2%
+NOK 57.2m		63.6%PE6.8x
KCC Klaveness Combination CarriersNOK 96.600.1%
+NOK 5.9m		44.4%PE13.3x

Latest News

WAWI
NOK 141.00
Wallenius Wilhelmsen
7D
0.7%
1Y
59.0%
Narrative Update • Jul 20

WAWI: Higher Multiple And Softer Revenue Outlook Will Likely Cap Future Upside

Analysts have raised their fair value estimate for Wallenius Wilhelmsen from NOK 75.22 to NOK 87.00. They cite more constructive views on the stock, supported by Street research that has turned more positive on the company’s outlook and valuation framework.
MPCC
NOK 24.23
MPC Container Ships
7D
-1.5%
1Y
32.9%
Narrative Update • Jul 16

MPCC: Recent Vessel Expansion Will Likely Expose Overvaluation Risk

Analysts have raised their price expectations for MPC Container Ships, with recent upgrades moving targets from NOK 25 to NOK 30. Updated models reflect revised views on fair value, discount rates, revenue growth, profit margins, and future P/E assumptions.
HSHP
NOK 146.80
Himalaya Shipping
7D
-3.2%
1Y
106.5%
HAUTO
NOK 159.40
Höegh Autoliners
7D
0.2%
1Y
63.6%
Narrative Update • Jul 15

HAUTO: Future Returns Will Balance Extended Contract Cash Flows And Softer Margins

Analysts have revised their price target for Höegh Autoliners to NOK 158.11 from NOK 148.37, reflecting updates to fair value estimates, discount rate assumptions, revenue growth expectations, profit margin forecasts, and future P/E multiples. What's in the News Höegh Autoliners ASA extended an existing contract with a major Asian car producer for car transportation on a key trade lane.
SNI
NOK 320.00
Stolt-Nielsen
7D
-1.8%
1Y
9.6%
Analysis Article • Jul 12

Results: Stolt-Nielsen Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Stolt-Nielsen Limited ( OB:SNI ) defied analyst predictions to release its quarterly results, which were ahead of...
KCC
NOK 96.60
Klaveness Combination Carriers
7D
0.1%
1Y
44.4%
Narrative Update • Jul 07

KCC: Higher Fair Value And Future P/E Will Support Steady Outlook

Analysts have revised their price target for Klaveness Combination Carriers from NOK 97.87 to NOK 120.96. They cite adjustments to fair value assumptions, a higher discount rate, lower projected revenue growth, a reduced profit margin outlook, and a higher future P/E multiple in their updated models.
WWI
NOK 747.00
Wilh. Wilhelmsen Holding
7D
2.2%
1Y
59.3%
Analysis Article • Jul 07

Here's Why Wilh. Wilhelmsen Holding (OB:WWI) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
ODF
NOK 115.00
Odfjell
7D
-0.5%
1Y
-3.8%
Narrative Update • Jun 25

ODF: Higher Required Returns Will Likely Limit Upside Despite Fleet Renewal

Analysts have raised their Odfjell price target to NOK 130, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E following recent research. What’s in the News for Odfjell Odfjell SE has scheduled an Analyst and Investor Day, giving the market an opportunity to hear directly from management about the company and its plans.
JIN
NOK 6.00
Jinhui Shipping and Transportation
7D
-2.9%
1Y
-4.2%
WEST
NOK 20.00
Western Bulk Chartering
7D
-8.7%
1Y
58.7%
2020
NOK 2.83
2020 Bulkers
7D
-8.8%
1Y
-97.8%
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...