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Norwegian (OSEAX) Marine Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies12
  • 7D0.02%
  • 3M2.0%
  • 1Y12.0%
  • YTDn/a

In the last week, the Marine industry is up 3.3%, with Wallenius Wilhelmsen up 8.8%. This takes the industry's 12 month performance to a gain of 8.4%. As for the next few years, earnings are forecast to decline by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025NOK 135.7bNOK 142.8bNOK 32.0b4.3x4.2x1x
Thu, 13 Nov 2025NOK 123.2bNOK 142.2bNOK 32.0b4.1x3.8x0.9x
Sat, 11 Oct 2025NOK 120.2bNOK 143.0bNOK 32.6b3.9x3.7x0.8x
Mon, 08 Sep 2025NOK 130.2bNOK 142.2bNOK 32.7b4.1x4x0.9x
Wed, 06 Aug 2025NOK 129.9bNOK 147.5bNOK 34.1b3.8x3.8x0.9x
Fri, 04 Jul 2025NOK 127.0bNOK 150.8bNOK 36.1b3.5x3.5x0.8x
Sun, 01 Jun 2025NOK 120.7bNOK 153.0bNOK 36.8b3.2x3.3x0.8x
Tue, 29 Apr 2025NOK 102.9bNOK 149.8bNOK 34.9b3.1x2.9x0.7x
Thu, 27 Mar 2025NOK 111.1bNOK 153.2bNOK 35.0b3.2x3.2x0.7x
Sat, 22 Feb 2025NOK 124.0bNOK 164.8bNOK 36.7b3.2x3.4x0.8x
Mon, 20 Jan 2025NOK 128.2bNOK 168.8bNOK 37.8b3.2x3.4x0.8x
Wed, 18 Dec 2024NOK 123.4bNOK 165.1bNOK 36.9b3.2x3.3x0.7x
Fri, 15 Nov 2024NOK 147.2bNOK 165.3bNOK 36.7b3.8x4x0.9x
Sun, 13 Oct 2024NOK 167.2bNOK 156.9bNOK 34.3b4.3x4.9x1.1x
Tue, 10 Sep 2024NOK 153.7bNOK 158.6bNOK 34.7b4.4x4.4x1x
Thu, 08 Aug 2024NOK 147.4bNOK 156.5bNOK 32.7b5.2x4.5x0.9x
Sat, 06 Jul 2024NOK 170.5bNOK 156.3bNOK 32.4b6x5.3x1.1x
Mon, 03 Jun 2024NOK 173.9bNOK 155.5bNOK 32.0b6x5.4x1.1x
Wed, 01 May 2024NOK 169.9bNOK 164.3bNOK 33.5b6.1x5.1x1x
Fri, 29 Mar 2024NOK 139.2bNOK 159.0bNOK 32.1b5.7x4.3x0.9x
Sun, 25 Feb 2024NOK 153.4bNOK 155.7bNOK 32.1b6.6x4.8x1x
Tue, 23 Jan 2024NOK 177.5bNOK 182.6bNOK 32.8b7.2x5.4x1x
Thu, 21 Dec 2023NOK 158.8bNOK 179.5bNOK 32.2b6.5x4.9x0.9x
Sat, 18 Nov 2023NOK 157.8bNOK 188.1bNOK 35.4b5.6x4.5x0.8x
Mon, 16 Oct 2023NOK 156.5bNOK 189.8bNOK 33.8b4.8x4.6x0.8x
Wed, 13 Sep 2023NOK 149.9bNOK 186.7bNOK 32.9b4.7x4.6x0.8x
Fri, 11 Aug 2023NOK 139.0bNOK 182.3bNOK 26.7b5.3x5.2x0.8x
Sun, 09 Jul 2023NOK 140.5bNOK 188.4bNOK 27.6b4.7x5.1x0.7x
Tue, 06 Jun 2023NOK 136.4bNOK 194.0bNOK 29.1b4.6x4.7x0.7x
Thu, 04 May 2023NOK 142.2bNOK 188.6bNOK 28.5b4.8x5x0.8x
Sat, 01 Apr 2023NOK 139.9bNOK 183.3bNOK 27.8b5.1x5x0.8x
Mon, 27 Feb 2023NOK 147.7bNOK 182.1bNOK 29.2b5.3x5.1x0.8x
Wed, 25 Jan 2023NOK 140.1bNOK 169.9bNOK 25.5b6.4x5.5x0.8x
Fri, 23 Dec 2022NOK 142.9bNOK 169.9bNOK 25.6b6.5x5.6x0.8x
Price to Earnings Ratio

5.6x


Total Market Cap: NOK 142.9bTotal Earnings: NOK 25.6bTotal Revenue: NOK 169.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine Industry Price to Earnings3Y Average 4.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Marine industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 4.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Marine industry have grown 7.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.6% 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 Market0.17%
Industrials0.34%
Marine and Shipping0.022%
Marine0.022%
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 103.302.6%
+NOK 1.1b		7.4%PE3.8x
HAUTO Höegh AutolinersNOK 96.650.5%
+NOK 95.4m		-8.2%PE3.3x
KCC Klaveness Combination CarriersNOK 81.301.6%
+NOK 77.1m		14.0%PE15x

Latest News

SNI
NOK 329.50
Stolt-Nielsen
7D
-5.0%
1Y
13.8%

SNI: Higher Profitability And Capital Returns Will Drive Stronger Future Upside

Analysts have raised their price target for Stolt-Nielsen by approximately NOK 46 to reflect a higher fair value estimate of about NOK 381, citing improved profit margin expectations and a slightly lower discount rate, despite more muted long term revenue growth assumptions. What's in the News CFO Jens F.
WAWI
NOK 103.30
Wallenius Wilhelmsen
7D
2.6%
1Y
7.4%

WAWI: Neutral Rerating Will Likely Leave Shares Vulnerable To Margin Pressure

Analysts have lifted their price target on Wallenius Wilhelmsen from NOK 75.38 to NOK 84.24, citing a modestly lower discount rate, slightly improved revenue decline expectations, and a higher assumed future price to earnings multiple, despite some compression in projected profit margins. Analyst Commentary Bearish analysts acknowledge that the higher price target reflects a more constructive view on the companys medium term prospects, but they emphasize that the new level still implies limited upside from current trading levels.
2020
NOK 140.30
2020 Bulkers
7D
-2.8%
1Y
16.0%
HSHP
NOK 90.70
Himalaya Shipping
7D
-7.3%
1Y
65.2%
HAUTO
NOK 96.65
Höegh Autoliners
7D
0.5%
1Y
-8.2%

HAUTO: Future Earnings Multiple And Stable Margins Will Guide Balanced Outlook

Analysts have modestly raised their price target on Höegh Autoliners, citing a slightly higher implied future valuation multiple despite largely unchanged assumptions for fair value, revenue growth, and profit margins. Valuation Changes Fair Value: Unchanged at NOK 86.91 per share, indicating stable long term intrinsic value assumptions.
WWI
NOK 575.00
Wilh. Wilhelmsen Holding
7D
-0.2%
1Y
45.0%

WWI: Upcoming Dividend Decision Will Support Bullish Long-Term Outlook

Analysts have modestly raised their price target on Wilh. Wilhelmsen Holding, lifting the fair value estimate by NOK 0.00 to approximately NOK 713.03.
KCC
NOK 81.30
Klaveness Combination Carriers
7D
1.6%
1Y
14.0%

KCC: Dividend Payout Will Support Attractive Long Term Return Profile

Analysts have modestly lifted their price target on Klaveness Combination Carriers to k97.62 from k97.62, citing slightly lower discount rate assumptions and a marginally higher expected future price to earnings multiple, while maintaining stable views on long term revenue growth and profit margins. What's in the News Board declares cash dividend of USD 0.12 per share for third quarter 2025, totaling approximately USD 7.1 million, with payment expected on or about 13 November 2025 (company announcement) Key dividend dates are set, including last trading day with rights on 30 October 2025, ex date on 31 October 2025, and record date on 3 November 2025 (company announcement) Company schedules Analyst and Investor Day to discuss strategy, core business areas, performance, and long term priorities (company event) Valuation Changes Fair Value Estimate, unchanged at NOK 97.62 per share, reflecting a stable view on intrinsic value.
MPCC
NOK 17.34
MPC Container Ships
7D
-6.9%
1Y
-14.0%
JIN
NOK 5.78
Jinhui Shipping and Transportation
7D
-3.0%
1Y
-4.0%
WEST
NOK 16.30
Western Bulk Chartering
7D
-3.0%
1Y
16.8%
ODF
NOK 125.20
Odfjell
7D
-5.0%
1Y
16.8%

Revenue Beat: Odfjell SE Beat Analyst Estimates By 29%

Nov 09
Revenue Beat: Odfjell SE Beat Analyst Estimates By 29%