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Norwegian (OSEAX) Marine Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies12
  • 7D1.8%
  • 3M4.9%
  • 1Y47.1%
  • YTDn/a

In the last week, the Marine industry is up 5.1%, with Wallenius Wilhelmsen up 6.8%. This means that the industry has gained 52% over the past year. Looking forward, earnings are forecast to decline by 18% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026NOK 164.9bNOK 134.5bNOK 27.9b6.4x5.9x1.2x
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
Price to Earnings Ratio

5.1x


Total Market Cap: NOK 144.5bTotal Earnings: NOK 28.2bTotal Revenue: NOK 188.2bTotal 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 6.1x which is higher than its 3-year average PE of 4.4x.
  • The 3-year average PS ratio of 0.92x 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 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 Market-2.19%
Industrials-2.50%
Marine and Shipping1.84%
Marine1.84%
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 133.303.0%
+NOK 1.6b		57.5%PE6.2x
HAUTO Höegh AutolinersNOK 152.305.4%
+NOK 1.5b		68.2%PE6.6x
HSHP Himalaya ShippingNOK 141.604.1%
+NOK 263.9m		120.2%PE24x
MPCC MPC Container ShipsNOK 26.160.7%
+NOK 79.9m		57.1%PE5.6x
ODF OdfjellNOK 112.000.4%
+NOK 31.7m		0.9%PE6.1x

Latest News

HSHP
NOK 141.60
Himalaya Shipping
7D
4.1%
1Y
120.2%
ODF
NOK 112.00
Odfjell
7D
0.4%
1Y
0.9%
Narrative Update • Jun 10

ODF: Fleet Renewal And Higher Required Returns Will Likely Restrain Future P/E Multiple

Analysts have raised their price target on Odfjell to NOK 130. They frame the higher fair value around updated views on revenue growth, profit margins, discount rate and future P/E assumptions.
KCC
NOK 89.90
Klaveness Combination Carriers
7D
-2.1%
1Y
46.4%
WAWI
NOK 133.30
Wallenius Wilhelmsen
7D
3.0%
1Y
57.5%
Narrative Update • Jun 06

WAWI: Updated Revenue And Margin Assumptions Will Shape Balanced Upside Case

Analysts have raised their price target on Wallenius Wilhelmsen to around NOK 139, up from roughly NOK 133, citing updated assumptions on revenue trends, profit margins and a higher expected future P/E multiple. What's in the News No recent company specific news items were provided in the sources listed above, so the latest price target update reflects analyst model changes rather than clearly identified new announcements.
SNI
NOK 304.50
Stolt-Nielsen
7D
-0.3%
1Y
16.9%
Narrative Update • Jun 04

SNI: Mixed Rating Shifts And Dividend Payout Will Shape Future Returns

The analyst price target for Stolt-Nielsen has shifted to NOK 322 from NOK 336, as analysts update their views on revenue growth, profit margins and future P/E assumptions following mixed recent research, including both an upgrade and a downgrade. Analyst Commentary Recent research on Stolt-Nielsen offers a mix of optimism and caution, which helps explain the adjustment in the consolidated price target to NOK 322.
MPCC
NOK 26.16
MPC Container Ships
7D
0.7%
1Y
57.1%
WWI
NOK 709.00
Wilh. Wilhelmsen Holding
7D
-1.3%
1Y
59.9%
Narrative Update • Jun 03

WWI: New Buyback Authorization Will Support Confidence In Future Return Potential

Analysts have kept their NOK 825.97 price target for Wilh. Wilhelmsen Holding broadly unchanged, with a slightly higher discount rate and P/E assumption, as well as slightly lower revenue growth and profit margin inputs guiding the updated view.
HAUTO
NOK 152.30
Höegh Autoliners
7D
5.4%
1Y
68.2%
Narrative Update • Jun 02

HAUTO: Future Returns Will Reflect Dividend Payouts And Moderating Revenue Pressures

Analysts have lifted their price target on Höegh Autoliners from NOK129.75 to NOK148.37, citing updated assumptions around the discount rate, revenue trajectory, profit margin and future P/E that they now see as better aligned with recent company data. What's in the News Höegh Autoliners ASA announced a planned dividend distribution totaling US$94 million, according to company disclosures.
JIN
NOK 6.28
Jinhui Shipping and Transportation
7D
0.6%
1Y
11.0%
WEST
NOK 21.50
Western Bulk Chartering
7D
1.4%
1Y
58.1%
2020
NOK 3.83
2020 Bulkers
7D
-8.2%
1Y
-97.0%
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 41.90
Stainless Tankers
7D
-0.2%
1Y
-19.4%