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Norwegian (OSEAX) Marine Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies12
  • 7D5.8%
  • 3M6.5%
  • 1Y44.8%
  • YTDn/a

Over the last 7 days, the Marine industry has risen 3.8%, driven by gains in Wallenius Wilhelmsen and Höegh Autoliners of 4.2% and 8.3%, respectively. In the last 12 months, the industry was up 48%. As for the next few years, earnings are forecast to decline by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 May 2026NOK 158.5bNOK 128.2bNOK 25.6b6.2x6.2x1.2x
Sat, 11 Apr 2026NOK 165.0bNOK 133.0bNOK 27.8b6.7x5.9x1.2x
Mon, 09 Mar 2026NOK 165.4bNOK 133.8bNOK 29.0b5.8x5.7x1.2x
Wed, 04 Feb 2026NOK 148.1bNOK 135.6bNOK 30.2b4.8x4.9x1.1x
Fri, 02 Jan 2026NOK 134.9bNOK 142.1bNOK 31.9b4.2x4.2x0.9x
Sun, 30 Nov 2025NOK 128.3bNOK 142.8bNOK 32.0b4.2x4x0.9x
Tue, 28 Oct 2025NOK 119.4bNOK 140.9bNOK 32.2b4.1x3.7x0.8x
Thu, 25 Sep 2025NOK 132.7bNOK 140.7bNOK 32.4b4.2x4.1x0.9x
Sat, 23 Aug 2025NOK 137.0bNOK 142.1bNOK 33.4b4x4.1x1x
Mon, 21 Jul 2025NOK 134.5bNOK 151.5bNOK 36.2b3.7x3.7x0.9x
Wed, 18 Jun 2025NOK 127.1bNOK 149.1bNOK 35.9b3.6x3.5x0.9x
Fri, 16 May 2025NOK 112.3bNOK 150.9bNOK 35.0b3.2x3.2x0.7x
Sun, 13 Apr 2025NOK 99.5bNOK 154.3bNOK 35.5b2.9x2.8x0.6x
Tue, 11 Mar 2025NOK 111.3bNOK 156.3bNOK 35.7b3.1x3.1x0.7x
Thu, 06 Feb 2025NOK 131.3bNOK 165.4bNOK 36.9b3.4x3.6x0.8x
Sat, 04 Jan 2025NOK 136.2bNOK 167.7bNOK 37.5b3.5x3.6x0.8x
Mon, 02 Dec 2024NOK 142.3bNOK 162.7bNOK 36.4b3.5x3.9x0.9x
Wed, 30 Oct 2024NOK 160.1bNOK 160.9bNOK 35.8b4.5x4.5x1x
Fri, 27 Sep 2024NOK 168.7bNOK 154.2bNOK 33.7b4.6x5x1.1x
Sun, 25 Aug 2024NOK 154.4bNOK 153.5bNOK 33.7b4.6x4.6x1x
Tue, 23 Jul 2024NOK 164.5bNOK 161.1bNOK 34.4b5.5x4.8x1x
Thu, 20 Jun 2024NOK 161.6bNOK 156.6bNOK 32.4b5.3x5x1x
Sat, 18 May 2024NOK 173.9bNOK 159.0bNOK 33.2b6.1x5.2x1.1x
Mon, 15 Apr 2024NOK 151.8bNOK 161.5bNOK 32.8b5.7x4.6x0.9x
Wed, 13 Mar 2024NOK 140.8bNOK 154.0bNOK 31.1b6x4.5x0.9x
Fri, 09 Feb 2024NOK 161.4bNOK 159.3bNOK 31.8b7x5.1x1x
Sun, 07 Jan 2024NOK 168.5bNOK 179.5bNOK 32.2b7.3x5.2x0.9x
Tue, 05 Dec 2023NOK 159.8bNOK 187.6bNOK 35.7b5.8x4.5x0.9x
Thu, 02 Nov 2023NOK 163.1bNOK 194.5bNOK 35.1b5.1x4.6x0.8x
Sat, 30 Sep 2023NOK 149.2bNOK 186.3bNOK 32.8b4.8x4.5x0.8x
Mon, 28 Aug 2023NOK 143.7bNOK 187.5bNOK 33.4b4.6x4.3x0.8x
Wed, 26 Jul 2023NOK 133.9bNOK 179.8bNOK 26.2b4.8x5.1x0.7x
Fri, 23 Jun 2023NOK 144.5bNOK 188.2bNOK 28.2b4.7x5.1x0.8x
Sun, 21 May 2023NOK 136.8bNOK 191.5bNOK 29.1b4.5x4.7x0.7x
Price to Earnings Ratio

4.7x


Total Market Cap: NOK 136.8bTotal Earnings: NOK 29.1bTotal Revenue: NOK 191.5bTotal 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 6.2x which is higher than its 3-year average PE of 4.4x.
  • The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Marine industry have declined 4.8% per year over the last three years,
  • Revenues have also declined 12% 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 Market-1.25%
Industrials-2.73%
Marine and Shipping5.84%
Marine5.84%
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 123.407.9%
+NOK 3.8b		47.8%PE6x
HAUTO Höegh AutolinersNOK 142.1011.0%
+NOK 2.7b		64.5%PE6.4x
WWI Wilh. Wilhelmsen HoldingNOK 706.007.5%
+NOK 2.1b		70.5%PE5.1x
HSHP Himalaya ShippingNOK 148.807.4%
+NOK 480.6m		148.8%PE43.2x
SNI Stolt-NielsenNOK 303.000.3%
+NOK 53.1m		17.7%PE7.1x

Latest News

ODF
NOK 110.40
Odfjell
7D
-4.8%
1Y
1.3%
Analysis Article • 12h

Newsflash: Odfjell SE (OB:ODF) Analysts Have Been Trimming Their Revenue Forecasts

The analysts covering Odfjell SE ( OB:ODF ) delivered a dose of negativity to shareholders today, by making a...
HSHP
NOK 148.80
Himalaya Shipping
7D
7.4%
1Y
148.8%
HAUTO
NOK 142.10
Höegh Autoliners
7D
11.0%
1Y
64.5%
Narrative Update • May 12

HAUTO: Hold Rating Will Test Whether Earnings Delivery Justifies Richer P E Multiple

Analysts have trimmed the fair value estimate for Höegh Autoliners from NOK 120.38 to NOK 105.60, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. They also point to the recent upgrade to Hold with a NOK 130 price target as support for a more balanced view on the stock.
MPCC
NOK 23.46
MPC Container Ships
7D
0.3%
1Y
37.1%
Narrative Update • May 12

MPCC: Index Exit And Rich Earnings Multiple Will Pressure Overvalued Shares

Analysts have raised their price target on MPC Container Ships to NOK 19.74 from NOK 16.86, citing updated fair value assumptions, a slightly lower discount rate, improved profit margin expectations, and a lower future P/E multiple reflected in recent research. Analyst Commentary Recent research reflects a more constructive stance on MPC Container Ships, with bullish analysts pointing to updated assumptions that they believe better align the price target with current fundamentals and risk pricing.
WAWI
NOK 123.40
Wallenius Wilhelmsen
7D
7.9%
1Y
47.8%
Analysis Article • May 09

Wallenius Wilhelmsen ASA Just Missed EPS By 13%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Wallenius Wilhelmsen ASA ( OB:WAWI ) filed its quarterly result this time last...
WWI
NOK 706.00
Wilh. Wilhelmsen Holding
7D
7.5%
1Y
70.5%
Narrative Update • May 07

WWI: Extra Dividend Authorization And Stable Assumptions Will Support Long-Term Upside

Analysts have kept their price target for Wilh. Wilhelmsen Holding broadly steady around NOK 969, highlighting unchanged fair value assumptions even as they fine tune the discount rate and future P/E inputs in their models.
KCC
NOK 102.00
Klaveness Combination Carriers
7D
0.6%
1Y
59.4%
Narrative Update • May 02

KCC: Future Charter Contract And Dividend Policy Will Support Bullish Upside

Analysts have adjusted their fair value estimate for Klaveness Combination Carriers from NOK 111.57 to NOK 117.06, citing updated assumptions on revenue growth, profit margins and future P/E multiples as the key drivers of the new price target. 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 4.69
2020 Bulkers
7D
57.9%
1Y
-96.2%
SNI
NOK 303.00
Stolt-Nielsen
7D
0.3%
1Y
17.7%
Narrative Update • Apr 24

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.