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Norwegian (OSEAX) Marine Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies13
  • 7D0.5%
  • 3M15.7%
  • 1Y41.2%
  • YTDn/a

Last week, the Marine industry hasn't moved much but Höegh Autoliners is up 3.1% in that time. The past year has been better, since the industry has gained 41% in that time. As for the next few years, earnings are forecast to decline by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026NOK 178.6bNOK 134.9bNOK 27.6b7.1x6.5x1.3x
Sun, 28 Jun 2026NOK 162.7bNOK 140.4bNOK 29.1b6.1x5.6x1.2x
Tue, 26 May 2026NOK 155.8bNOK 131.1bNOK 27.4b6.1x5.7x1.2x
Thu, 23 Apr 2026NOK 150.9bNOK 130.0bNOK 27.2b6.2x5.6x1.2x
Sat, 21 Mar 2026NOK 158.1bNOK 133.5bNOK 29.0b5.8x5.5x1.2x
Mon, 16 Feb 2026NOK 148.7bNOK 133.1bNOK 30.3b4.9x4.9x1.1x
Wed, 14 Jan 2026NOK 143.5bNOK 142.2bNOK 31.9b4.6x4.5x1x
Fri, 12 Dec 2025NOK 138.3bNOK 141.9bNOK 31.8b4.4x4.3x1x
Sun, 09 Nov 2025NOK 123.5bNOK 143.2bNOK 32.3b4.1x3.8x0.9x
Tue, 07 Oct 2025NOK 127.3bNOK 140.1bNOK 32.0b4.2x4x0.9x
Thu, 04 Sep 2025NOK 127.8bNOK 142.1bNOK 32.7b4.1x3.9x0.9x
Sat, 02 Aug 2025NOK 137.0bNOK 153.0bNOK 36.8b3.8x3.7x0.9x
Mon, 30 Jun 2025NOK 125.7bNOK 151.4bNOK 36.4b3.5x3.5x0.8x
Wed, 28 May 2025NOK 121.5bNOK 147.0bNOK 33.8b3.3x3.6x0.8x
Fri, 25 Apr 2025NOK 101.1bNOK 150.7bNOK 34.7b3x2.9x0.7x
Sun, 23 Mar 2025NOK 116.5bNOK 152.9bNOK 35.0b3.2x3.3x0.8x
Tue, 18 Feb 2025NOK 126.2bNOK 164.4bNOK 36.7b3.2x3.4x0.8x
Thu, 16 Jan 2025NOK 134.5bNOK 167.2bNOK 37.4b3.4x3.6x0.8x
Sat, 14 Dec 2024NOK 134.3bNOK 164.3bNOK 36.8b3.4x3.7x0.8x
Mon, 11 Nov 2024NOK 140.0bNOK 162.9bNOK 36.2b3.7x3.9x0.9x
Wed, 09 Oct 2024NOK 163.9bNOK 157.0bNOK 34.3b4.4x4.8x1x
Fri, 06 Sep 2024NOK 150.2bNOK 155.6bNOK 34.0b4.3x4.4x1x
Sun, 04 Aug 2024NOK 153.6bNOK 160.8bNOK 34.4b5.1x4.5x1x
Tue, 02 Jul 2024NOK 171.2bNOK 157.9bNOK 32.7b5.8x5.2x1.1x
Thu, 30 May 2024NOK 172.6bNOK 156.8bNOK 32.3b5.8x5.3x1.1x
Sat, 27 Apr 2024NOK 164.9bNOK 163.1bNOK 33.3b6.1x5x1x
Mon, 25 Mar 2024NOK 139.2bNOK 157.6bNOK 31.8b5.7x4.4x0.9x
Wed, 21 Feb 2024NOK 154.4bNOK 155.0bNOK 32.0b6.5x4.8x1x
Fri, 19 Jan 2024NOK 172.6bNOK 183.0bNOK 32.9b7.4x5.2x0.9x
Sun, 17 Dec 2023NOK 155.6bNOK 181.7bNOK 32.7b5.9x4.8x0.9x
Tue, 14 Nov 2023NOK 156.9bNOK 191.3bNOK 36.1b5.5x4.3x0.8x
Thu, 12 Oct 2023NOK 153.5bNOK 188.8bNOK 33.6b4.5x4.6x0.8x
Sat, 09 Sep 2023NOK 147.7bNOK 187.0bNOK 33.1b4.7x4.5x0.8x
Mon, 07 Aug 2023NOK 139.9bNOK 180.9bNOK 26.5b5.4x5.3x0.8x
Price to Earnings Ratio

5.3x


Total Market Cap: NOK 139.9bTotal Earnings: NOK 26.5bTotal Revenue: NOK 180.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine Industry Price to Earnings3Y Average 4.5x202420252026
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 6.5x which is higher than its 3-year average PE of 4.5x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.3x.
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 9.3% 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 Market-0.51%
Industrials0.01%
Marine and Shipping0.49%
Marine0.49%
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 168.003.1%
+NOK 953.8m		60.8%PE7.3x
WAWI Wallenius WilhelmsenNOK 147.401.4%
+NOK 888.0m		58.8%PE6.9x
KCC Klaveness Combination CarriersNOK 99.800.9%
+NOK 53.4m		42.2%PE13.9x
WWI Wilh. Wilhelmsen HoldingNOK 765.000.1%
+NOK 42.0m		60.5%PE5.3x
2020 2020 BulkersNOK 3.3820.6%
+NOK 11.6m		-97.4%PE0.04x

Latest News

WAWI
NOK 147.40
Wallenius Wilhelmsen
7D
1.4%
1Y
58.8%
Narrative Update • Jul 20

WAWI: Higher Multiple And Softer Revenue Outlook Will Likely Cap Future Upside

Analysts have raised their fair value estimate for Wallenius Wilhelmsen from NOK 75.22 to NOK 87.00. They cite more constructive views on the stock, supported by Street research that has turned more positive on the company’s outlook and valuation framework.
MPCC
NOK 24.42
MPC Container Ships
7D
-0.7%
1Y
28.2%
Narrative Update • Jul 16

MPCC: Recent Vessel Expansion Will Likely Expose Overvaluation Risk

Analysts have raised their price expectations for MPC Container Ships, with recent upgrades moving targets from NOK 25 to NOK 30. Updated models reflect revised views on fair value, discount rates, revenue growth, profit margins, and future P/E assumptions.
HSHP
NOK 144.20
Himalaya Shipping
7D
-5.0%
1Y
103.1%
HAUTO
NOK 168.00
Höegh Autoliners
7D
3.1%
1Y
60.8%
Narrative Update • Jul 15

HAUTO: Future Returns Will Balance Extended Contract Cash Flows And Softer Margins

Analysts have revised their price target for Höegh Autoliners to NOK 158.11 from NOK 148.37, reflecting updates to fair value estimates, discount rate assumptions, revenue growth expectations, profit margin forecasts, and future P/E multiples. What's in the News Höegh Autoliners ASA extended an existing contract with a major Asian car producer for car transportation on a key trade lane.
SNI
NOK 314.00
Stolt-Nielsen
7D
-1.7%
1Y
3.5%
Analysis Article • Jul 12

Results: Stolt-Nielsen Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Stolt-Nielsen Limited ( OB:SNI ) defied analyst predictions to release its quarterly results, which were ahead of...
KCC
NOK 99.80
Klaveness Combination Carriers
7D
0.9%
1Y
42.2%
Narrative Update • Jul 07

KCC: Higher Fair Value And Future P/E Will Support Steady Outlook

Analysts have revised their price target for Klaveness Combination Carriers from NOK 97.87 to NOK 120.96. They cite adjustments to fair value assumptions, a higher discount rate, lower projected revenue growth, a reduced profit margin outlook, and a higher future P/E multiple in their updated models.
WWI
NOK 765.00
Wilh. Wilhelmsen Holding
7D
0.1%
1Y
60.5%
Analysis Article • Jul 07

Here's Why Wilh. Wilhelmsen Holding (OB:WWI) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
ODF
NOK 112.80
Odfjell
7D
-3.6%
1Y
-11.6%
Narrative Update • Jun 25

ODF: Higher Required Returns Will Likely Limit Upside Despite Fleet Renewal

Analysts have raised their Odfjell price target to NOK 130, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E following recent research. What’s in the News for Odfjell Odfjell SE has scheduled an Analyst and Investor Day, giving the market an opportunity to hear directly from management about the company and its plans.
JIN
NOK 6.18
Jinhui Shipping and Transportation
7D
0.3%
1Y
-0.6%
2020
NOK 3.38
2020 Bulkers
7D
20.6%
1Y
-97.4%
Analysis Article • May 20

Additional Considerations Required While Assessing 2020 Bulkers' (OB:2020) Strong Earnings

Investors were disappointed with 2020 Bulkers Ltd.'s ( OB:2020 ) earnings, despite the strong profit numbers. We think...
STST
NOK 40.00
Stainless Tankers
7D
-0.2%
1Y
-14.3%