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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies12
  • 7D3.3%
  • 3M5.1%
  • 1Y8.4%
  • YTD5.6%

The Marine and Shipping industry is up 4.7% in the last week, with Wallenius Wilhelmsen up 8.8%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to decline by 13% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025NOK 135.7bNOK 143.1bNOK 32.1b4.2x4.2x0.9x
Mon, 10 Nov 2025NOK 123.5bNOK 143.2bNOK 32.3b4.1x3.8x0.9x
Wed, 08 Oct 2025NOK 119.6bNOK 140.9bNOK 32.1b3.9x3.7x0.8x
Fri, 05 Sep 2025NOK 130.7bNOK 142.7bNOK 32.8b4.1x4x0.9x
Sun, 03 Aug 2025NOK 125.6bNOK 147.4bNOK 34.1b3.7x3.7x0.9x
Tue, 01 Jul 2025NOK 124.5bNOK 151.2bNOK 36.4b3.4x3.4x0.8x
Thu, 29 May 2025NOK 119.7bNOK 152.9bNOK 36.7b3.2x3.3x0.8x
Sat, 26 Apr 2025NOK 103.1bNOK 151.1bNOK 34.8b3x3x0.7x
Mon, 24 Mar 2025NOK 116.5bNOK 152.9bNOK 35.0b3.2x3.3x0.8x
Wed, 19 Feb 2025NOK 127.0bNOK 165.1bNOK 36.9b3.2x3.4x0.8x
Fri, 17 Jan 2025NOK 134.2bNOK 167.4bNOK 37.5b3.4x3.6x0.8x
Sun, 15 Dec 2024NOK 134.3bNOK 164.3bNOK 36.8b3.4x3.7x0.8x
Tue, 12 Nov 2024NOK 142.8bNOK 163.3bNOK 36.3b3.7x3.9x0.9x
Thu, 10 Oct 2024NOK 163.9bNOK 158.2bNOK 34.6b4.3x4.7x1x
Sat, 07 Sep 2024NOK 153.0bNOK 156.9bNOK 34.3b4.3x4.5x1x
Mon, 05 Aug 2024NOK 153.6bNOK 160.8bNOK 34.4b5.1x4.5x1x
Wed, 03 Jul 2024NOK 171.2bNOK 158.2bNOK 32.8b5.9x5.2x1.1x
Fri, 31 May 2024NOK 171.6bNOK 156.0bNOK 32.1b5.9x5.3x1.1x
Sun, 28 Apr 2024NOK 164.9bNOK 163.1bNOK 33.3b6.1x5x1x
Tue, 26 Mar 2024NOK 138.1bNOK 157.0bNOK 31.7b5.7x4.4x0.9x
Thu, 22 Feb 2024NOK 154.1bNOK 155.1bNOK 32.0b6.7x4.8x1x
Sat, 20 Jan 2024NOK 176.5bNOK 182.3bNOK 32.8b7.4x5.4x1x
Mon, 18 Dec 2023NOK 155.6bNOK 181.7bNOK 32.7b5.9x4.8x0.9x
Wed, 15 Nov 2023NOK 156.6bNOK 188.6bNOK 35.6b5.5x4.4x0.8x
Fri, 13 Oct 2023NOK 156.3bNOK 190.5bNOK 33.9b4.6x4.6x0.8x
Sun, 10 Sep 2023NOK 147.7bNOK 187.2bNOK 33.1b4.6x4.5x0.8x
Tue, 08 Aug 2023NOK 139.4bNOK 181.3bNOK 26.5b5.4x5.3x0.8x
Thu, 06 Jul 2023NOK 137.2bNOK 189.0bNOK 28.3b4.6x4.8x0.7x
Sat, 03 Jun 2023NOK 137.4bNOK 194.0bNOK 29.1b4.7x4.7x0.7x
Mon, 01 May 2023NOK 145.9bNOK 186.7bNOK 28.2b5x5.2x0.8x
Wed, 29 Mar 2023NOK 135.3bNOK 180.0bNOK 27.0b5.5x5x0.8x
Fri, 24 Feb 2023NOK 146.4bNOK 181.3bNOK 29.1b5.3x5x0.8x
Sun, 22 Jan 2023NOK 144.6bNOK 169.8bNOK 25.5b6.5x5.7x0.9x
Tue, 20 Dec 2022NOK 138.5bNOK 170.1bNOK 25.6b6.3x5.4x0.8x
Price to Earnings Ratio

5.4x


Total Market Cap: NOK 138.5bTotal Earnings: NOK 25.6bTotal Revenue: NOK 170.1bTotal 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 7.5% 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 Market0.31%
Industrials0.98%
Marine and Shipping3.29%
Marine3.29%
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 104.108.8%
+NOK 3.6b		0.9%PE3.9x
WWI Wilh. Wilhelmsen HoldingNOK 586.003.4%
+NOK 797.2m		45.0%PE3.9x
HAUTO Höegh AutolinersNOK 95.954.2%
+NOK 744.0m		-12.0%PE3.3x
KCC Klaveness Combination CarriersNOK 81.703.5%
+NOK 166.0m		14.1%PE15.1x
WEST Western Bulk CharteringNOK 16.351.2%
+NOK 6.7m		13.1%PS0.05x

Latest News

SNI
NOK 333.00
Stolt-Nielsen
7D
-0.6%
1Y
15.6%

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 104.10
Wallenius Wilhelmsen
7D
8.8%
1Y
0.9%

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 140.70
2020 Bulkers
7D
-2.2%
1Y
17.3%
HSHP
NOK 91.30
Himalaya Shipping
7D
-4.3%
1Y
62.7%
HAUTO
NOK 95.95
Höegh Autoliners
7D
4.2%
1Y
-12.0%

HAUTO: Future Earnings Multiple And Stable Margins Will Guide Balanced Outlook

Analysts have modestly raised their price target on Höegh Autoliners, citing a slightly higher implied future valuation multiple despite largely unchanged assumptions for fair value, revenue growth, and profit margins. Valuation Changes Fair Value: Unchanged at NOK 86.91 per share, indicating stable long term intrinsic value assumptions.
WWI
NOK 586.00
Wilh. Wilhelmsen Holding
7D
3.4%
1Y
45.0%

WWI: Upcoming Dividend Decision Will Support Bullish Long-Term Outlook

Analysts have modestly raised their price target on Wilh. Wilhelmsen Holding, lifting the fair value estimate by NOK 0.00 to approximately NOK 713.03.
KCC
NOK 81.70
Klaveness Combination Carriers
7D
3.5%
1Y
14.1%

KCC: Dividend Payout Will Support Attractive Long Term Return Profile

Analysts have modestly lifted their price target on Klaveness Combination Carriers to k97.62 from k97.62, citing slightly lower discount rate assumptions and a marginally higher expected future price to earnings multiple, while maintaining stable views on long term revenue growth and profit margins. What's in the News Board declares cash dividend of USD 0.12 per share for third quarter 2025, totaling approximately USD 7.1 million, with payment expected on or about 13 November 2025 (company announcement) Key dividend dates are set, including last trading day with rights on 30 October 2025, ex date on 31 October 2025, and record date on 3 November 2025 (company announcement) Company schedules Analyst and Investor Day to discuss strategy, core business areas, performance, and long term priorities (company event) Valuation Changes Fair Value Estimate, unchanged at NOK 97.62 per share, reflecting a stable view on intrinsic value.
MPCC
NOK 17.31
MPC Container Ships
7D
-5.0%
1Y
-14.5%
WEST
NOK 16.35
Western Bulk Chartering
7D
1.2%
1Y
13.1%
STST
NOK 39.50
Stainless Tankers
7D
-1.3%
1Y
-25.2%
ODF
NOK 127.00
Odfjell
7D
-1.4%
1Y
18.0%

Revenue Beat: Odfjell SE Beat Analyst Estimates By 29%

Nov 09
Revenue Beat: Odfjell SE Beat Analyst Estimates By 29%