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Norwegian (OSEAX) Marine Industry Analysis

UpdatedSep 14, 2026
DataAggregated Company Financials
Companies13
  • 7D3.3%
  • 3M19.7%
  • 1Y50.0%
  • YTDn/a

In the last week, the Marine industry is up 3.3%, with Wallenius Wilhelmsen up 3.3%. In the last 12 months, the industry was up 50%. Looking forward, earnings are forecast to decline by 6.8% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Sep 2026NOK 199.4bNOK 132.8bNOK 23.9b8.9x8.3x1.5x
Wed, 12 Aug 2026NOK 181.5bNOK 134.7bNOK 27.8b7.4x6.5x1.3x
Fri, 10 Jul 2026NOK 163.7bNOK 137.4bNOK 28.4b6.1x5.8x1.2x
Sun, 07 Jun 2026NOK 163.8bNOK 133.5bNOK 27.7b6.3x5.9x1.2x
Tue, 05 May 2026NOK 151.9bNOK 129.7bNOK 27.2b5.7x5.6x1.2x
Thu, 02 Apr 2026NOK 164.7bNOK 134.7bNOK 29.2b5.9x5.6x1.2x
Sat, 28 Feb 2026NOK 166.9bNOK 132.6bNOK 28.8b5.7x5.8x1.3x
Mon, 26 Jan 2026NOK 140.4bNOK 137.8bNOK 30.9b4.7x4.5x1x
Wed, 24 Dec 2025NOK 131.5bNOK 141.8bNOK 31.8b4.1x4.1x0.9x
Fri, 21 Nov 2025NOK 127.0bNOK 144.0bNOK 32.4b4.1x3.9x0.9x
Sun, 19 Oct 2025NOK 117.6bNOK 141.9bNOK 32.4b4.1x3.6x0.8x
Tue, 16 Sep 2025NOK 132.7bNOK 139.0bNOK 32.0b4.3x4.1x1x
Thu, 14 Aug 2025NOK 133.7bNOK 146.5bNOK 34.7b3.9x3.9x0.9x
Sat, 12 Jul 2025NOK 129.6bNOK 149.9bNOK 35.8b3.6x3.6x0.9x
Mon, 09 Jun 2025NOK 127.4bNOK 151.6bNOK 36.5b3.5x3.5x0.8x
Wed, 07 May 2025NOK 106.1bNOK 148.8bNOK 34.7b3.1x3.1x0.7x
Fri, 04 Apr 2025NOK 98.8bNOK 149.7bNOK 34.8b2.6x2.8x0.7x
Sun, 02 Mar 2025NOK 118.2bNOK 167.2bNOK 38.0b3.1x3.1x0.7x
Tue, 28 Jan 2025NOK 127.8bNOK 165.9bNOK 37.1b3.3x3.4x0.8x
Thu, 26 Dec 2024NOK 131.6bNOK 167.0bNOK 37.4b3.4x3.5x0.8x
Sat, 23 Nov 2024NOK 150.9bNOK 164.2bNOK 36.5b3.9x4.1x0.9x
Mon, 21 Oct 2024NOK 161.9bNOK 160.3bNOK 35.1b4.1x4.6x1x
Wed, 18 Sep 2024NOK 166.4bNOK 155.2bNOK 33.9b4.7x4.9x1.1x
Fri, 16 Aug 2024NOK 160.1bNOK 156.3bNOK 33.4b5.1x4.8x1x
Sun, 14 Jul 2024NOK 162.0bNOK 157.5bNOK 33.4b5.5x4.8x1x
Tue, 11 Jun 2024NOK 164.8bNOK 157.9bNOK 32.7b5.7x5x1x
Thu, 09 May 2024NOK 174.3bNOK 161.6bNOK 33.3b6.1x5.2x1.1x
Sat, 06 Apr 2024NOK 146.6bNOK 157.2bNOK 31.7b5.9x4.6x0.9x
Mon, 04 Mar 2024NOK 150.2bNOK 154.1bNOK 31.1b6.3x4.8x1x
Wed, 31 Jan 2024NOK 178.5bNOK 181.5bNOK 32.6b7.3x5.5x1x
Fri, 29 Dec 2023NOK 158.0bNOK 177.5bNOK 31.8b6.8x5x0.9x
Sun, 26 Nov 2023NOK 161.9bNOK 185.8bNOK 35.4b5.8x4.6x0.9x
Tue, 24 Oct 2023NOK 154.0bNOK 192.1bNOK 34.2b4.5x4.5x0.8x
Thu, 21 Sep 2023NOK 151.3bNOK 187.1bNOK 33.0b4.9x4.6x0.8x
Price to Earnings Ratio

4.6x


Total Market Cap: NOK 151.3bTotal Earnings: NOK 33.0bTotal Revenue: NOK 187.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine Industry Price to Earnings3Y Average 4.6x202420252026
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 8.3x which is higher than its 3-year average PE of 4.6x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Marine industry have declined 10% per year over the last three years,
  • Revenues have also declined 11% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Norwegian Marine compare with similar industries?

NO Market1.13%
Industrials0.081%
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 176.706.5%
+NOK 4.6b		90.1%PE11.5x
HAUTO Höegh AutolinersNOK 183.807.9%
+NOK 2.6b		64.4%PE8.9x
WWI Wilh. Wilhelmsen HoldingNOK 851.002.5%
+NOK 871.2m		63.7%PE7.2x
SNI Stolt-NielsenNOK 345.004.5%
+NOK 796.8m		-1.0%PE8.8x
ODF OdfjellNOK 126.206.9%
+NOK 649.3m		0.2%PE6.4x

Latest News

MPCC
NOK 27.66
MPC Container Ships
7D
2.1%
1Y
50.3%
HSHP
NOK 166.40
Himalaya Shipping
7D
-1.0%
1Y
97.9%
ODF
NOK 126.20
Odfjell
7D
6.9%
1Y
0.2%
HAUTO
NOK 183.80
Höegh Autoliners
7D
7.9%
1Y
64.4%
Narrative Update • Sep 04

HAUTO: Execution Risks And Mixed Ratings Will Pressure Future Return Potential

Analysts have lifted their fair value estimate for Höegh Autoliners from NOK 133.43 to NOK 155.86, citing updated assumptions around revenue trends, margin expectations and future P/E levels. These now align with recent mixed rating actions and price targets of NOK 175 and NOK 186 from the Street.
SNI
NOK 345.00
Stolt-Nielsen
7D
4.5%
1Y
-1.0%
Narrative Update • Sep 03

SNI: LNG Joint Venture And Softer Margins Will Shape Future Returns

Analysts have raised the Stolt-Nielsen price target from NOK 273.82 to NOK 309.00, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple, along with a slightly lower discount rate. What’s in the News for Stolt-Nielsen Nippon Yusen Kaisha, also known as NYK Line, has acquired a 50% stake in Avenir LNG Limited from Stolt-Nielsen Gas Ltd, according to recent news reports.
WAWI
NOK 176.70
Wallenius Wilhelmsen
7D
6.5%
1Y
90.1%
Narrative Update • Sep 03

WAWI: Tight Auto Shipping Capacity And Contract Extension Will Shape Balanced Outlook

Analysts have raised their price target for Wallenius Wilhelmsen from NOK 147.55 to NOK 167.74, citing updated assumptions on revenue growth, profit margins and a slightly lower discount rate, along with a revised future P/E outlook. What’s in the News for Wallenius Wilhelmsen Wallenius Wilhelmsen CEO Lasse Kristoffersen reported that the company’s fleet departing Asia is fully booked, with demand for pure car and truck carrier capacity exceeding available space.
KCC
NOK 101.60
Klaveness Combination Carriers
7D
2.8%
1Y
31.4%
WEST
NOK 23.50
Western Bulk Chartering
7D
9.8%
1Y
74.1%
WWI
NOK 851.00
Wilh. Wilhelmsen Holding
7D
2.5%
1Y
63.7%