Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Marine Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies12
  • 7D-0.07%
  • 3M4.8%
  • 1Y52.1%
  • YTDn/a

Over the last 7 days, the Marine industry has risen 1.2%, driven by gains from Wallenius Wilhelmsen of 2.4%. In the same time, 2020 Bulkers was down 98%. In the last 12 months, the industry was up 52%. In the next few years, earnings are forecast to decline by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026NOK 152.7bNOK 129.5bNOK 27.1b5.7x5.6x1.2x
Sun, 29 Mar 2026NOK 158.0bNOK 135.8bNOK 29.5b5.6x5.4x1.2x
Tue, 24 Feb 2026NOK 159.6bNOK 133.3bNOK 29.5b5.5x5.4x1.2x
Thu, 22 Jan 2026NOK 139.5bNOK 140.4bNOK 31.5b4.6x4.4x1x
Sat, 20 Dec 2025NOK 131.7bNOK 142.7bNOK 32.0b4.2x4.1x0.9x
Mon, 17 Nov 2025NOK 122.2bNOK 142.4bNOK 32.1b4.1x3.8x0.9x
Wed, 15 Oct 2025NOK 117.3bNOK 143.4bNOK 32.7b3.9x3.6x0.8x
Fri, 12 Sep 2025NOK 129.6bNOK 139.5bNOK 32.1b4.1x4x0.9x
Sun, 10 Aug 2025NOK 132.2bNOK 147.8bNOK 34.1b3.9x3.9x0.9x
Tue, 08 Jul 2025NOK 129.6bNOK 151.5bNOK 36.0b3.6x3.6x0.9x
Thu, 05 Jun 2025NOK 122.4bNOK 151.5bNOK 36.4b3.4x3.4x0.8x
Sat, 03 May 2025NOK 108.5bNOK 150.8bNOK 35.1b3.1x3.1x0.7x
Mon, 31 Mar 2025NOK 107.1bNOK 152.3bNOK 34.8b3.2x3.1x0.7x
Wed, 26 Feb 2025NOK 120.0bNOK 164.9bNOK 36.7b3.2x3.3x0.7x
Fri, 24 Jan 2025NOK 130.0bNOK 166.1bNOK 37.2b3.3x3.5x0.8x
Sun, 22 Dec 2024NOK 128.0bNOK 167.0bNOK 37.4b3.3x3.4x0.8x
Tue, 19 Nov 2024NOK 149.3bNOK 164.0bNOK 36.5b3.9x4.1x0.9x
Thu, 17 Oct 2024NOK 162.5bNOK 160.2bNOK 35.0b4x4.6x1x
Sat, 14 Sep 2024NOK 161.1bNOK 156.0bNOK 34.1b4.5x4.7x1x
Mon, 12 Aug 2024NOK 150.8bNOK 156.4bNOK 32.7b5.2x4.6x1x
Wed, 10 Jul 2024NOK 164.8bNOK 155.6bNOK 32.1b5.9x5.1x1.1x
Fri, 07 Jun 2024NOK 168.6bNOK 156.6bNOK 32.4b5.9x5.2x1.1x
Sun, 05 May 2024NOK 169.2bNOK 160.8bNOK 32.8b6.1x5.2x1.1x
Tue, 02 Apr 2024NOK 139.2bNOK 159.2bNOK 32.1b5.7x4.3x0.9x
Thu, 29 Feb 2024NOK 148.3bNOK 155.0bNOK 31.3b6.4x4.7x1x
Sat, 27 Jan 2024NOK 175.8bNOK 181.2bNOK 32.5b7.4x5.4x1x
Mon, 25 Dec 2023NOK 160.0bNOK 178.1bNOK 31.9b6.7x5x0.9x
Wed, 22 Nov 2023NOK 158.6bNOK 185.4bNOK 34.9b5.7x4.5x0.9x
Fri, 20 Oct 2023NOK 155.7bNOK 191.4bNOK 34.1b4.7x4.6x0.8x
Sun, 17 Sep 2023NOK 149.8bNOK 188.1bNOK 33.2b4.8x4.5x0.8x
Tue, 15 Aug 2023NOK 140.1bNOK 185.9bNOK 27.3b5.2x5.1x0.8x
Thu, 13 Jul 2023NOK 140.6bNOK 180.5bNOK 26.3b5x5.3x0.8x
Sat, 10 Jun 2023NOK 138.2bNOK 190.2bNOK 28.5b4.8x4.8x0.7x
Mon, 08 May 2023NOK 135.9bNOK 186.8bNOK 28.5b4.3x4.8x0.7x
Price to Earnings Ratio

4.8x


Total Market Cap: NOK 135.9bTotal Earnings: NOK 28.5bTotal Revenue: NOK 186.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine Industry Price to Earnings3Y Average 4.4x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Marine industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 5.6x 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 Marine 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 Comparison

How does Norwegian Marine compare with similar industries?

NO Market0.51%
Industrials-2.28%
Marine and Shipping-0.074%
Marine-0.074%
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 118.602.4%
+NOK 1.2b		58.7%PE5.3x
KCC Klaveness Combination CarriersNOK 102.607.4%
+NOK 421.0m		70.4%PE19.6x
MPCC MPC Container ShipsNOK 21.923.3%
+NOK 306.2m		43.3%PE4.4x
SNI Stolt-NielsenNOK 302.001.9%
+NOK 292.2m		29.6%PE7x
HAUTO Höegh AutolinersNOK 132.500.8%
+NOK 209.8m		59.6%PE5.3x

Latest News

KCC
NOK 102.60
Klaveness Combination Carriers
7D
7.4%
1Y
70.4%
MPCC
NOK 21.92
MPC Container Ships
7D
3.3%
1Y
43.3%
2020
NOK 3.01
2020 Bulkers
7D
-97.7%
1Y
-97.3%
HAUTO
NOK 132.50
Höegh Autoliners
7D
0.8%
1Y
59.6%

HAUTO: Future Returns Will Reflect Softer Margins And A More Neutral Rating

Analysts have adjusted their view on Höegh Autoliners and lifted the price target to NOK 130, as recent research points to a reassessment of risk, earnings quality and a more neutral stance on the shares. Analyst Commentary Recent research reflects a more balanced stance on Höegh Autoliners, with the new NOK 130 price target signaling a less cautious view on the shares compared with earlier assessments.
ODF
NOK 115.60
Odfjell
7D
-0.3%
1Y
18.6%

ODF: Hold Downgrades Will Set Up Future Re Rating Opportunity

Analysts have trimmed their stance on Odfjell, with recent downgrades contributing to a more cautious view that keeps the fair value assessment steady at NOK 128.74, while Street targets such as NOK 114 indicate reduced optimism compared with earlier expectations. Analyst Commentary Bullish Takeaways Bullish analysts still see upside versus recent Street targets, with the fair value estimate of NOK 128.74 sitting above the NOK 114 reference point, suggesting room for re rating if execution aligns with expectations.
WWI
NOK 692.00
Wilh. Wilhelmsen Holding
7D
-0.1%
1Y
78.4%
SNI
NOK 302.00
Stolt-Nielsen
7D
1.9%
1Y
29.6%

SNI: Dividend And LNG Asset Sale Discussions May Support Future Rebound

Analysts have adjusted their price target on Stolt-Nielsen to NOK344 from NOK366, reflecting a balance between higher assumed revenue growth and a slightly higher discount rate, along with more cautious margin and P/E expectations following a mix of recent upgrades and downgrades. Analyst Commentary Recent research on Stolt-Nielsen has been mixed, with both upgrades and downgrades feeding into the latest price target adjustment to NOK344.
WAWI
NOK 118.60
Wallenius Wilhelmsen
7D
2.4%
1Y
58.7%

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).
HSHP
NOK 127.00
Himalaya Shipping
7D
1.6%
1Y
133.0%
WEST
NOK 20.20
Western Bulk Chartering
7D
1.0%
1Y
40.3%

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 6.02
Jinhui Shipping and Transportation
7D
0.7%
1Y
7.5%