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Norwegian (OSEAX) Marine Industry Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies14
  • 7D-1.4%
  • 3M19.1%
  • 1Y-17.9%
  • YTDn/a

Over the last 7 days, the Marine industry has dropped 1.4%, driven by pullbacks in Odfjell and Wilh. Wilhelmsen Holding of 5.8% and 2.6%, respectively. Overall the industry is down 18% in 12 months. In the next few years, earnings are forecast to decline by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Sep 2025NOK 131.1bNOK 141.1bNOK 32.5b4.2x4x0.9x
Wed, 27 Aug 2025NOK 128.6bNOK 143.3bNOK 33.0b3.8x3.9x0.9x
Fri, 25 Jul 2025NOK 137.5bNOK 150.9bNOK 36.3b3.8x3.8x0.9x
Sun, 22 Jun 2025NOK 126.6bNOK 151.7bNOK 36.5b3.5x3.5x0.8x
Tue, 20 May 2025NOK 113.2bNOK 149.3bNOK 34.6b3.2x3.3x0.8x
Thu, 17 Apr 2025NOK 100.2bNOK 153.9bNOK 35.4b2.9x2.8x0.7x
Sat, 15 Mar 2025NOK 113.4bNOK 154.4bNOK 35.3b3.2x3.2x0.7x
Mon, 10 Feb 2025NOK 129.8bNOK 165.9bNOK 37.0b3.4x3.5x0.8x
Wed, 08 Jan 2025NOK 134.7bNOK 167.1bNOK 37.4b3.4x3.6x0.8x
Fri, 06 Dec 2024NOK 142.2bNOK 163.0bNOK 36.5b3.6x3.9x0.9x
Sun, 03 Nov 2024NOK 143.6bNOK 163.2bNOK 35.8b3.7x4x0.9x
Tue, 01 Oct 2024NOK 165.9bNOK 154.4bNOK 33.8b4.6x4.9x1.1x
Thu, 29 Aug 2024NOK 150.4bNOK 154.1bNOK 33.9b4.4x4.4x1x
Sat, 27 Jul 2024NOK 161.8bNOK 161.8bNOK 34.6b5.4x4.7x1x
Mon, 24 Jun 2024NOK 164.2bNOK 156.7bNOK 32.4b5.3x5.1x1x
Wed, 22 May 2024NOK 176.1bNOK 158.0bNOK 33.0b6.2x5.3x1.1x
Fri, 19 Apr 2024NOK 152.3bNOK 163.7bNOK 33.2b5.7x4.6x0.9x
Sun, 17 Mar 2024NOK 143.0bNOK 155.6bNOK 31.4b6x4.6x0.9x
Tue, 13 Feb 2024NOK 163.6bNOK 157.8bNOK 32.7b6.4x5x1x
Thu, 11 Jan 2024NOK 168.9bNOK 180.2bNOK 32.3b7.1x5.2x0.9x
Sat, 09 Dec 2023NOK 157.8bNOK 188.6bNOK 34.0b5.6x4.6x0.8x
Mon, 06 Nov 2023NOK 162.0bNOK 191.4bNOK 36.2b5x4.5x0.8x
Wed, 04 Oct 2023NOK 149.8bNOK 189.3bNOK 33.4b4.7x4.5x0.8x
Fri, 01 Sep 2023NOK 146.2bNOK 186.9bNOK 33.0b4.6x4.4x0.8x
Sun, 30 Jul 2023NOK 134.7bNOK 181.7bNOK 26.5b5.1x5.1x0.7x
Tue, 27 Jun 2023NOK 144.5bNOK 189.7bNOK 28.4b4.6x5.1x0.8x
Thu, 25 May 2023NOK 136.5bNOK 193.3bNOK 29.3b4.6x4.7x0.7x
Sat, 22 Apr 2023NOK 146.4bNOK 185.7bNOK 28.1b5.2x5.2x0.8x
Mon, 20 Mar 2023NOK 136.3bNOK 186.5bNOK 28.3b4.9x4.8x0.7x
Wed, 15 Feb 2023NOK 139.7bNOK 175.1bNOK 26.4b6.3x5.3x0.8x
Fri, 13 Jan 2023NOK 136.3bNOK 170.8bNOK 25.7b6.1x5.3x0.8x
Sun, 11 Dec 2022NOK 137.5bNOK 171.4bNOK 25.8b5.9x5.3x0.8x
Tue, 08 Nov 2022NOK 142.0bNOK 175.5bNOK 26.0b6x5.5x0.8x
Thu, 06 Oct 2022NOK 110.6bNOK 170.4bNOK 20.7b6.2x5.3x0.6x
Price to Earnings Ratio

5.3x


Total Market Cap: NOK 110.6bTotal Earnings: NOK 20.7bTotal Revenue: NOK 170.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine Industry Price to Earnings3Y Average 4.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Marine industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 4.0x which is lower than its 3-year average PE of 4.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.85x.
Past Earnings Growth
  • The earnings for companies in the Marine industry have grown 17% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Norwegian Marine compare with similar industries?

NO Market1.34%
Industrials0.80%
Marine and Shipping-1.38%
Marine-1.38%
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
HAUTO Höegh AutolinersNOK 112.100.9%
+NOK 190.8m		-20.0%PE3.5x
WAWI Wallenius WilhelmsenNOK 92.600.1%
+NOK 42.3m		-27.5%PE3.6x
WEST Western Bulk CharteringNOK 14.052.9%
+NOK 13.4m		-37.3%PS0.04x
STST Stainless TankersNOK 44.701.8%
+NOK 10.8m		-28.4%n/a
SCOIN StandardCoinNOK 20.401.5%
+NOK 1.0m		-84.1%PB0.9x

Latest News

WWI
NOK 518.00
Wilh. Wilhelmsen Holding
7D
-2.6%
1Y
13.8%

Wilh. Wilhelmsen Holding (OB:WWI) Hasn't Managed To Accelerate Its Returns

Sep 17
Wilh. Wilhelmsen Holding (OB:WWI) Hasn't Managed To Accelerate Its Returns
MPCC
NOK 17.08
MPC Container Ships
7D
-4.3%
1Y
-27.8%
ODF
NOK 122.40
Odfjell
7D
-5.8%
1Y
-13.8%
2020
NOK 143.70
2020 Bulkers
7D
-2.2%
1Y
-4.3%
HSHP
NOK 87.70
Himalaya Shipping
7D
-0.9%
1Y
-0.9%
WAWI
NOK 92.60
Wallenius Wilhelmsen
7D
0.1%
1Y
-27.5%

Declining Car Production And Overcapacity Will Squeeze Margins

The consensus price target for Wallenius Wilhelmsen has been revised downward, primarily reflecting a sharp increase in the future P/E ratio, with fair value now estimated at NOK95.69. What's in the News Wallenius Wilhelmsen declared an extraordinary dividend of USD 0.33 per share for H1 2025.
SCOIN
NOK 20.40
StandardCoin
7D
1.5%
1Y
-84.1%
HAUTO
NOK 112.10
Höegh Autoliners
7D
0.9%
1Y
-20.0%

US Tariffs And Cargo Shifts Will Exacerbate Cost Pressures

The upward revision in fair value for Höegh Autoliners is primarily driven by a sharp increase in its future P/E multiple, partially offset by a modest improvement in expected revenue growth trends, resulting in a new consensus analyst price target of NOK94.93. Valuation Changes Summary of Valuation Changes for Höegh Autoliners The Consensus Analyst Price Target has risen from NOK90.16 to NOK94.93.
KCC
NOK 74.00
Klaveness Combination Carriers
7D
-3.0%
1Y
-19.3%
WEST
NOK 14.05
Western Bulk Chartering
7D
2.9%
1Y
-37.3%
SNI
NOK 343.00
Stolt-Nielsen
7D
-1.7%
1Y
-12.3%

Does Stolt-Nielsen (OB:SNI) Have A Healthy Balance Sheet?

Jul 28
Does Stolt-Nielsen (OB:SNI) Have A Healthy Balance Sheet?
STST
NOK 44.70
Stainless Tankers
7D
1.8%
1Y
-28.4%
AMSC
NOK 1.48
AMSC
7D
0.3%
1Y
-94.4%