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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies12
  • 7D-2.4%
  • 3M11.9%
  • 1Y68.9%
  • YTD17.1%

Over the last 7 days, the Marine and Shipping industry has dropped 2.4%, driven by a pullback from Wallenius Wilhelmsen of 3.1%. In the past year, the industry has gained 69%. As for the next few years, earnings are forecast to decline by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026NOK 156.3bNOK 130.7bNOK 27.3b6.4x5.7x1.2x
Fri, 20 Mar 2026NOK 163.1bNOK 132.1bNOK 28.7b6x5.7x1.2x
Sun, 15 Feb 2026NOK 148.7bNOK 133.1bNOK 30.3b4.9x4.9x1.1x
Tue, 13 Jan 2026NOK 139.6bNOK 142.0bNOK 31.8b4.4x4.4x1x
Thu, 11 Dec 2025NOK 136.3bNOK 142.9bNOK 32.0b4.3x4.3x1x
Sat, 08 Nov 2025NOK 123.5bNOK 143.5bNOK 32.1b4.1x3.9x0.9x
Mon, 06 Oct 2025NOK 127.9bNOK 140.4bNOK 32.0b4.1x4x0.9x
Wed, 03 Sep 2025NOK 127.3bNOK 142.0bNOK 32.7b4x3.9x0.9x
Fri, 01 Aug 2025NOK 137.6bNOK 154.1bNOK 37.0b3.7x3.7x0.9x
Sun, 29 Jun 2025NOK 125.7bNOK 151.4bNOK 36.4b3.5x3.5x0.8x
Tue, 27 May 2025NOK 121.5bNOK 146.2bNOK 33.7b3.3x3.6x0.8x
Thu, 24 Apr 2025NOK 101.7bNOK 152.4bNOK 35.1b2.9x2.9x0.7x
Sat, 22 Mar 2025NOK 116.5bNOK 152.9bNOK 35.0b3.2x3.3x0.8x
Mon, 17 Feb 2025NOK 128.6bNOK 164.8bNOK 36.8b3.2x3.5x0.8x
Wed, 15 Jan 2025NOK 135.3bNOK 168.0bNOK 37.6b3.4x3.6x0.8x
Fri, 13 Dec 2024NOK 131.9bNOK 163.9bNOK 36.7b3.4x3.6x0.8x
Sun, 10 Nov 2024NOK 140.0bNOK 162.9bNOK 36.2b3.7x3.9x0.9x
Tue, 08 Oct 2024NOK 167.4bNOK 156.2bNOK 34.2b4.5x4.9x1.1x
Thu, 05 Sep 2024NOK 151.9bNOK 155.8bNOK 34.1b4.4x4.5x1x
Sat, 03 Aug 2024NOK 153.6bNOK 160.8bNOK 34.4b5.1x4.5x1x
Mon, 01 Jul 2024NOK 174.4bNOK 158.2bNOK 32.8b6.1x5.3x1.1x
Wed, 29 May 2024NOK 173.3bNOK 155.9bNOK 32.5b6x5.3x1.1x
Fri, 26 Apr 2024NOK 162.0bNOK 162.3bNOK 33.1b6.3x4.9x1x
Sun, 24 Mar 2024NOK 139.2bNOK 157.6bNOK 31.8b5.7x4.4x0.9x
Tue, 20 Feb 2024NOK 156.7bNOK 155.3bNOK 32.0b6.7x4.9x1x
Thu, 18 Jan 2024NOK 170.7bNOK 182.6bNOK 32.8b7.4x5.2x0.9x
Sat, 16 Dec 2023NOK 155.6bNOK 181.7bNOK 32.7b5.9x4.8x0.9x
Mon, 13 Nov 2023NOK 157.8bNOK 192.5bNOK 36.6b4.7x4.3x0.8x
Wed, 11 Oct 2023NOK 154.6bNOK 187.8bNOK 33.4b4.5x4.6x0.8x
Fri, 08 Sep 2023NOK 147.4bNOK 187.6bNOK 33.2b4.6x4.4x0.8x
Sun, 06 Aug 2023NOK 139.9bNOK 180.9bNOK 26.5b5.4x5.3x0.8x
Tue, 04 Jul 2023NOK 138.1bNOK 189.0bNOK 28.3b4.6x4.9x0.7x
Thu, 01 Jun 2023NOK 134.5bNOK 196.6bNOK 29.8b4.4x4.5x0.7x
Sat, 29 Apr 2023NOK 145.9bNOK 186.5bNOK 28.2b5x5.2x0.8x
Price to Earnings Ratio

5.2x


Total Market Cap: NOK 145.9bTotal Earnings: NOK 28.2bTotal Revenue: NOK 186.5bTotal 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 5.7x which is higher than its 3-year average PE of 4.4x.
  • The 3-year average PS ratio of 0.90x 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 Market-2.36%
Industrials-3.05%
Marine and Shipping-2.37%
Marine-2.37%
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
HSHP Himalaya ShippingNOK 133.402.3%
+NOK 141.4m		185.0%PE38x
WEST Western Bulk CharteringNOK 19.955.0%
+NOK 31.9m		26.7%PE13.3x
STST Stainless TankersNOK 43.305.4%
+NOK 29.7m		-21.3%n/a
JIN Jinhui Shipping and TransportationNOK 6.040.7%
+NOK 4.4m		11.0%PE5.6x

Latest News

WAWI
NOK 120.30
Wallenius Wilhelmsen
7D
-3.1%
1Y
79.8%

WAWI: New Auto Contract And 2025 Dividend Plan Will Support Bullish Outlook

Analysts have nudged their price target for Wallenius Wilhelmsen slightly higher to NOK 132.67 from NOK 129.67, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News Renewed a contract with a global automotive distributor, with an estimated net freight value of around US$190 million over a firm two-year period, including a one-year mutual extension option and a fixed surcharge for multi-fuel use (Key Developments).
HAUTO
NOK 133.80
Höegh Autoliners
7D
-0.3%
1Y
88.3%
MPCC
NOK 21.96
MPC Container Ships
7D
-4.8%
1Y
54.3%

MPCC: Index Removal Will Pressure Overvalued Shares Despite Stable Long Term Assumptions

Analysts have raised their price target for MPC Container Ships to NOK 30.66 from NOK 29.42, citing only minor adjustments to discount rate assumptions and a slightly higher future P/E multiple as the key drivers of the change. What's in the News MPC Container Ships ASA removed from the Oslo OBX Total Return Index, which may affect how index trackers and some institutional investors hold or trade the share (Key Developments).
KCC
NOK 93.00
Klaveness Combination Carriers
7D
-1.9%
1Y
63.4%

KCC: Long-Term Charter And Ongoing Dividends Will Support Balanced Future Returns

Analysts have held their NOK 90.88 price target on Klaveness Combination Carriers steady, citing slightly adjusted assumptions around the discount rate, revenue trends and profit margins, as well as a modestly lower forward P/E, as reasons to keep their valuation view unchanged. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for MV Bass, a vessel built in 2021, with a player in the global energy industry.
2020
NOK 129.90
2020 Bulkers
7D
-0.9%
1Y
27.9%
SNI
NOK 293.50
Stolt-Nielsen
7D
-3.0%
1Y
28.7%
ODF
NOK 116.60
Odfjell
7D
-0.7%
1Y
17.8%

ODF: Softer Fair Value And Hold Downgrades Will Shape A More Cautious Outlook

The analyst price target for Odfjell has been reset lower to NOK 114, with analysts pointing to slightly softer fair value estimates and modest tweaks to revenue growth, profit margin and forward P/E assumptions as key reasons for the adjustment. Analyst Commentary Recent research updates on Odfjell have shifted to a more neutral stance, with the latest moves pointing to a Hold view around the NOK 114 price target.
HSHP
NOK 133.40
Himalaya Shipping
7D
2.3%
1Y
185.0%
WWI
NOK 700.00
Wilh. Wilhelmsen Holding
7D
-3.8%
1Y
95.5%

WWI: Higher Future P/E Assumptions Will Drive More Optimistic Long-Term Potential

Analysts now see a higher fair value for Wilh. Wilhelmsen Holding at around NOK 969, up from about NOK 695.
STST
NOK 43.30
Stainless Tankers
7D
5.4%
1Y
-21.3%
WEST
NOK 19.95
Western Bulk Chartering
7D
5.0%
1Y
26.7%

Tight Dry Bulk Utilization And Asset Light Co Investments Will Support Long Term Earnings Quality

Catalysts About Western Bulk Chartering Western Bulk Chartering is an asset light dry bulk operator that matches vessels and cargoes to provide transport solutions and risk management for customers. What are the underlying business or industry changes driving this perspective?
JIN
NOK 6.04
Jinhui Shipping and Transportation
7D
0.7%
1Y
11.0%