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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies12
  • 7D3.4%
  • 3M21.5%
  • 1Y15.0%
  • YTD7.2%

In the last week, the Marine and Shipping industry is up 3.4%, with Wilh. Wilhelmsen Holding up 7.8%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to decline by 15% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026NOK 143.1bNOK 141.6bNOK 31.7b4.6x4.5x1x
Sun, 14 Dec 2025NOK 135.7bNOK 142.8bNOK 32.0b4.3x4.2x1x
Tue, 11 Nov 2025NOK 123.7bNOK 143.0bNOK 32.2b4.1x3.8x0.9x
Thu, 09 Oct 2025NOK 119.4bNOK 140.8bNOK 32.1b4x3.7x0.8x
Sat, 06 Sep 2025NOK 130.2bNOK 142.2bNOK 32.7b4.1x4x0.9x
Mon, 04 Aug 2025NOK 125.6bNOK 147.4bNOK 34.1b3.7x3.7x0.9x
Wed, 02 Jul 2025NOK 124.5bNOK 151.2bNOK 36.4b3.4x3.4x0.8x
Fri, 30 May 2025NOK 119.7bNOK 152.0bNOK 36.5b3.2x3.3x0.8x
Sun, 27 Apr 2025NOK 103.1bNOK 151.1bNOK 34.8b3x3x0.7x
Tue, 25 Mar 2025NOK 118.0bNOK 152.5bNOK 34.9b3.3x3.4x0.8x
Thu, 20 Feb 2025NOK 127.0bNOK 165.1bNOK 36.9b3.2x3.4x0.8x
Sat, 18 Jan 2025NOK 128.2bNOK 168.3bNOK 37.7b3.2x3.4x0.8x
Mon, 16 Dec 2024NOK 134.3bNOK 164.3bNOK 36.8b3.4x3.7x0.8x
Wed, 13 Nov 2024NOK 142.3bNOK 163.9bNOK 36.4b3.6x3.9x0.9x
Fri, 11 Oct 2024NOK 166.4bNOK 157.5bNOK 34.4b4.3x4.8x1.1x
Sun, 08 Sep 2024NOK 153.0bNOK 156.9bNOK 34.3b4.3x4.5x1x
Tue, 06 Aug 2024NOK 150.3bNOK 162.2bNOK 34.7b4.9x4.3x0.9x
Thu, 04 Jul 2024NOK 177.1bNOK 156.3bNOK 32.4b6x5.5x1.1x
Sat, 01 Jun 2024NOK 173.9bNOK 155.5bNOK 32.0b6x5.4x1.1x
Mon, 29 Apr 2024NOK 164.9bNOK 163.1bNOK 33.3b6.1x5x1x
Wed, 27 Mar 2024NOK 139.1bNOK 157.6bNOK 31.8b5.7x4.4x0.9x
Fri, 23 Feb 2024NOK 152.9bNOK 155.3bNOK 32.0b6.6x4.8x1x
Sun, 21 Jan 2024NOK 176.5bNOK 182.3bNOK 32.8b7.4x5.4x1x
Tue, 19 Dec 2023NOK 155.6bNOK 180.9bNOK 32.5b6.1x4.8x0.9x
Thu, 16 Nov 2023NOK 156.2bNOK 187.1bNOK 35.3b5.6x4.4x0.8x
Sat, 14 Oct 2023NOK 156.5bNOK 190.3bNOK 33.9b4.7x4.6x0.8x
Mon, 11 Sep 2023NOK 147.6bNOK 187.2bNOK 33.1b4.3x4.5x0.8x
Wed, 09 Aug 2023NOK 137.7bNOK 183.3bNOK 26.9b5.2x5.1x0.8x
Fri, 07 Jul 2023NOK 138.3bNOK 190.7bNOK 28.0b4.6x4.9x0.7x
Sun, 04 Jun 2023NOK 137.4bNOK 194.0bNOK 29.1b4.7x4.7x0.7x
Tue, 02 May 2023NOK 145.9bNOK 186.7bNOK 28.2b5x5.2x0.8x
Thu, 30 Mar 2023NOK 136.6bNOK 180.9bNOK 26.8b6.2x5.1x0.8x
Sat, 25 Feb 2023NOK 147.7bNOK 182.1bNOK 29.2b5.3x5.1x0.8x
Mon, 23 Jan 2023NOK 144.6bNOK 169.8bNOK 25.5b6.5x5.7x0.9x
Price to Earnings Ratio

5.7x


Total Market Cap: NOK 144.6bTotal Earnings: NOK 25.5bTotal Revenue: NOK 169.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine and Shipping Industry Price to Earnings3Y Average 4.4x202420252026
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 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have grown 7.5% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.9% 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 Market2.73%
Industrials3.24%
Marine and Shipping3.40%
Marine3.40%
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 648.007.8%
+NOK 2.0b		54.7%PE4.4x
KCC Klaveness Combination CarriersNOK 84.303.4%
+NOK 166.0m		11.7%PE15.6x

Latest News

HSHP
NOK 89.00
Himalaya Shipping
7D
-6.2%
1Y
55.6%
2020
NOK 141.80
2020 Bulkers
7D
-2.0%
1Y
9.6%
SNI
NOK 334.00
Stolt-Nielsen
7D
-1.8%
1Y
9.7%

SNI: Buybacks And Dividend Will Support Balanced Long Term Return Potential

Narrative Update on Stolt-Nielsen Analysts have kept their Stolt-Nielsen fair value target steady at NOK 370.09 per share, with small adjustments to the discount rate and long term revenue growth and profit margin assumptions. This reflects a largely unchanged view of the company’s valuation drivers.
HAUTO
NOK 98.40
Höegh Autoliners
7D
-2.1%
1Y
-9.9%

Investors Don't See Light At End Of Höegh Autoliners ASA's (OB:HAUTO) Tunnel

Jan 11
Investors Don't See Light At End Of Höegh Autoliners ASA's (OB:HAUTO) Tunnel
WAWI
NOK 102.20
Wallenius Wilhelmsen
7D
-0.8%
1Y
9.0%

WAWI: Contract Wins And Rating Upgrade Will Support Future Share Upside

Analysts have trimmed their fair value estimate for Wallenius Wilhelmsen from NOK 120.08 to NOK 118.55, reflecting updated assumptions for weaker revenue growth, lower profit margins and a higher future P/E, in line with a recent shift in Street views that includes an upgrade to Hold with an NOK 84 price target. Analyst Commentary Recent Street research has shifted to a more neutral stance, with bullish analysts moving from a Sell view to Hold and setting an NOK 84 price target.
KCC
NOK 84.30
Klaveness Combination Carriers
7D
3.4%
1Y
11.7%

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

Analysts have nudged their price target for Klaveness Combination Carriers slightly higher to reflect a modestly lower discount rate, a small adjustment to expected revenue contraction, a higher projected profit margin of 43.45% and a slightly lower forward P/E of 7.04x. What's in the News A subsidiary agreed a 32 month contract of affreightment with Alumina do Norte do Brasil for caustic soda solution shipments to its alumina refinery in Brazil, starting March 2026, using the 2001 built CABU vessel MV Barcarena (Key Developments).
WEST
NOK 16.40
Western Bulk Chartering
7D
-6.0%
1Y
1.5%
WWI
NOK 648.00
Wilh. Wilhelmsen Holding
7D
7.8%
1Y
54.7%

WWI: Additional Dividend Decision Will Support Bullish Long-Term Upside Potential

Analysts have reduced their price target on Wilh. Wilhelmsen Holding to a fair value of 694.99 from 713.03, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E.
MPCC
NOK 18.04
MPC Container Ships
7D
-0.5%
1Y
-4.2%
ODF
NOK 135.00
Odfjell
7D
-0.6%
1Y
8.5%