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Norwegian (OSEAX) Marine Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies12
  • 7D1.8%
  • 3M18.6%
  • 1Y18.9%
  • YTDn/a

In the last week, the Marine industry is up 2.7%, with Wallenius Wilhelmsen up 5.6%. During this same period, the Stolt-Nielsen underperformed, falling 14%. This means that the industry has gained 18% over the past year. Looking forward, earnings are forecast to decline by 13% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026NOK 142.7bNOK 134.6bNOK 29.9b4.8x4.8x1.1x
Sun, 28 Dec 2025NOK 131.5bNOK 141.1bNOK 31.6b4.1x4.2x0.9x
Tue, 25 Nov 2025NOK 124.2bNOK 144.4bNOK 32.5b4x3.8x0.9x
Thu, 23 Oct 2025NOK 116.5bNOK 141.5bNOK 32.3b4.1x3.6x0.8x
Sat, 20 Sep 2025NOK 132.8bNOK 140.7bNOK 32.4b4.3x4.1x0.9x
Mon, 18 Aug 2025NOK 130.1bNOK 146.2bNOK 34.4b3.8x3.8x0.9x
Wed, 16 Jul 2025NOK 131.0bNOK 152.7bNOK 36.5b3.6x3.6x0.9x
Fri, 13 Jun 2025NOK 126.9bNOK 149.2bNOK 35.9b3.6x3.5x0.9x
Sun, 11 May 2025NOK 102.8bNOK 150.0bNOK 34.8b2.9x3x0.7x
Tue, 08 Apr 2025NOK 96.4bNOK 159.1bNOK 36.6b2.7x2.6x0.6x
Thu, 06 Mar 2025NOK 114.9bNOK 162.7bNOK 37.0b3.1x3.1x0.7x
Sat, 01 Feb 2025NOK 130.4bNOK 166.6bNOK 37.2b3.4x3.5x0.8x
Mon, 30 Dec 2024NOK 134.0bNOK 167.4bNOK 37.5b3.4x3.6x0.8x
Wed, 27 Nov 2024NOK 145.8bNOK 165.1bNOK 36.8b3.6x4x0.9x
Fri, 25 Oct 2024NOK 155.0bNOK 160.4bNOK 35.1b3.9x4.4x1x
Sun, 22 Sep 2024NOK 171.2bNOK 153.5bNOK 33.6b4.7x5.1x1.1x
Tue, 20 Aug 2024NOK 156.1bNOK 154.9bNOK 33.4b5x4.7x1x
Thu, 18 Jul 2024NOK 162.9bNOK 157.6bNOK 33.4b5.5x4.9x1x
Sat, 15 Jun 2024NOK 157.6bNOK 158.2bNOK 32.8b5.4x4.8x1x
Mon, 13 May 2024NOK 178.0bNOK 160.7bNOK 33.4b6.1x5.3x1.1x
Wed, 10 Apr 2024NOK 148.0bNOK 158.1bNOK 32.0b5.6x4.6x0.9x
Fri, 08 Mar 2024NOK 137.6bNOK 152.4bNOK 30.7b6.2x4.5x0.9x
Sun, 04 Feb 2024NOK 180.1bNOK 183.7bNOK 33.1b7.2x5.4x1x
Tue, 02 Jan 2024NOK 159.1bNOK 177.3bNOK 31.8b6.8x5x0.9x
Thu, 30 Nov 2023NOK 157.7bNOK 185.1bNOK 35.3b5.7x4.5x0.9x
Sat, 28 Oct 2023NOK 159.0bNOK 193.9bNOK 35.1b4.5x4.5x0.8x
Mon, 25 Sep 2023NOK 151.7bNOK 187.8bNOK 33.1b5x4.6x0.8x
Wed, 23 Aug 2023NOK 145.2bNOK 185.8bNOK 32.8b4.7x4.4x0.8x
Fri, 21 Jul 2023NOK 134.2bNOK 180.1bNOK 26.3b4.8x5.1x0.7x
Sun, 18 Jun 2023NOK 140.0bNOK 187.3bNOK 28.0b4.8x5x0.7x
Tue, 16 May 2023NOK 137.8bNOK 186.3bNOK 28.3b4.3x4.9x0.7x
Thu, 13 Apr 2023NOK 139.8bNOK 183.1bNOK 27.8b5x5x0.8x
Sat, 11 Mar 2023NOK 146.8bNOK 184.7bNOK 28.0b5.3x5.2x0.8x
Mon, 06 Feb 2023NOK 139.9bNOK 177.0bNOK 27.0b5.8x5.2x0.8x
Price to Earnings Ratio

5.2x


Total Market Cap: NOK 139.9bTotal Earnings: NOK 27.0bTotal Revenue: NOK 177.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine Industry Price to Earnings3Y Average 4.4x202420252026
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 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Marine industry have grown 4.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.4% 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 Market1.70%
Industrials1.54%
Marine and Shipping1.79%
Marine1.79%
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 108.505.6%
+NOK 2.5b		19.6%PE4.3x
WWI Wilh. Wilhelmsen HoldingNOK 676.004.2%
+NOK 1.1b		64.7%PE4.8x
HAUTO Höegh AutolinersNOK 104.904.9%
+NOK 934.2m		-0.4%PE3.8x
HSHP Himalaya ShippingNOK 99.107.0%
+NOK 303.2m		87.0%PE92.2x
KCC Klaveness Combination CarriersNOK 86.905.3%
+NOK 260.9m		17.1%PE17x

Latest News

SNI
NOK 299.00
Stolt-Nielsen
7D
-14.4%
1Y
0.3%
HAUTO
NOK 104.90
Höegh Autoliners
7D
4.9%
1Y
-0.4%

Here's Why Höegh Autoliners (OB:HAUTO) Can Manage Its Debt Responsibly

Jan 29
Here's Why Höegh Autoliners (OB:HAUTO) Can Manage Its Debt Responsibly
MPCC
NOK 18.30
MPC Container Ships
7D
2.2%
1Y
0.4%

MPCC: Future Newbuild Commitments Will Likely Outweigh Improved Margin Outlook

Analysts have trimmed their price target for MPC Container Ships from €15.88 to €15.06, citing updated assumptions that reflect a combination of less steep revenue contraction, improved profit margins and a lower expected future P/E multiple. What's in the News MPC Container Ships announced contracts with Taizhou Sanfu Ship Engineering in China for six 3,700 TEU container vessels, scheduled for first delivery in the second half of 2028.
WAWI
NOK 108.50
Wallenius Wilhelmsen
7D
5.6%
1Y
19.6%

WAWI: Contract Wins And Rating Upgrade Will Support Future Share Repricing

Analysts have inched up their fair value estimate for Wallenius Wilhelmsen to NOK 119.36 from NOK 118.55, citing updated views on profitability, with at least one firm moving its rating to Hold with an NOK 84 price target. Analyst Commentary Recent research updates suggest that some bullish analysts are becoming more comfortable with Wallenius Wilhelmsen's risk and reward trade off, even if they remain cautious on upside potential.
WWI
NOK 676.00
Wilh. Wilhelmsen Holding
7D
4.2%
1Y
64.7%

WWI: Additional Dividend Plans And Stable Outlook Will Shape Balanced Long-Term Potential

Analysts have nudged their price target for Wilh. Wilhelmsen Holding slightly higher to reflect a modest adjustment in the assumed discount rate and a small uplift in the future P/E multiple, while keeping fair value broadly unchanged at about kr694.99.
KCC
NOK 86.90
Klaveness Combination Carriers
7D
5.3%
1Y
17.1%

KCC: Long Contracted Cash Flows And Dividend Profile Will Support Upside

Analysts have kept their fair value estimate for Klaveness Combination Carriers steady at €97.62, making only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E. These changes reflect small refinements rather than a shift in their overall view.
ODF
NOK 133.40
Odfjell
7D
-0.3%
1Y
11.9%

ODF: Future Fleet Expansion Will Likely Not Justify Current P/E Multiple

Analysts have trimmed their price target on Odfjell to about NOK 118 from roughly NOK 124. This reflects updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple.
HSHP
NOK 99.10
Himalaya Shipping
7D
7.0%
1Y
87.0%
2020
NOK 141.40
2020 Bulkers
7D
-0.3%
1Y
14.6%
STST
NOK 39.30
Stainless Tankers
7D
-0.3%
1Y
-31.8%
JIN
NOK 5.70
Jinhui Shipping and Transportation
7D
1.1%
1Y
0%