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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies13
  • 7D2.8%
  • 3M4.2%
  • 1Y39.3%
  • YTD25.0%

In the last week, the Marine and Shipping industry is up 2.8%, with Stolt-Nielsen leading the way, up 12%. This means that the industry has gained 39% over the past year. Looking forward, earnings are forecast to decline by 17% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026NOK 168.1bNOK 138.6bNOK 28.4b6.3x5.9x1.2x
Thu, 11 Jun 2026NOK 167.2bNOK 133.7bNOK 27.7b6.5x6x1.3x
Sat, 09 May 2026NOK 151.2bNOK 128.4bNOK 26.2b5.9x5.8x1.2x
Mon, 06 Apr 2026NOK 164.7bNOK 136.4bNOK 29.6b5.8x5.6x1.2x
Wed, 04 Mar 2026NOK 169.9bNOK 135.4bNOK 29.3b5.8x5.8x1.3x
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
Price to Earnings Ratio

5.1x


Total Market Cap: NOK 134.2bTotal Earnings: NOK 26.3bTotal Revenue: NOK 180.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Marine and Shipping Industry Price to Earnings3Y Average 4.5x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Shipping industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 5.9x which is higher than its 3-year average PE of 4.5x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have grown 2.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Norwegian Industrials industry?

NO Market0.013%
Industrials-3.53%
Marine and Shipping2.82%
Marine2.82%
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 137.604.6%
+NOK 2.6b		55.0%PE6.2x
SNI Stolt-NielsenNOK 325.0012.3%
+NOK 1.9b		9.6%PE7.9x
HAUTO Höegh AutolinersNOK 155.005.7%
+NOK 1.6b		59.1%PE6.5x
ODF OdfjellNOK 114.409.0%
+NOK 744.3m		-4.0%PE6x
WWI Wilh. Wilhelmsen HoldingNOK 728.002.1%
+NOK 629.3m		57.4%PE4.9x

Latest News

SNI
NOK 325.00
Stolt-Nielsen
7D
12.3%
1Y
9.6%
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...
HSHP
NOK 148.80
Himalaya Shipping
7D
1.8%
1Y
121.4%
KCC
NOK 96.60
Klaveness Combination Carriers
7D
7.3%
1Y
40.8%
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 728.00
Wilh. Wilhelmsen Holding
7D
2.1%
1Y
57.4%
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...
MPCC
NOK 24.57
MPC Container Ships
7D
-0.2%
1Y
42.1%
WAWI
NOK 137.60
Wallenius Wilhelmsen
7D
4.6%
1Y
55.0%
Narrative Update • Jul 06

WAWI: Extended Auto Contract And Updated Assumptions Will Guide Balanced Future Upside

Analysts have nudged their fair value estimate for Wallenius Wilhelmsen higher, lifting the price target from NOK 138.89 to NOK 147.55 as they update assumptions on discount rates, revenue growth, profit margins and future P/E in line with recent research that has become more positive on the stock. What’s in the News for Wallenius Wilhelmsen Wallenius Wilhelmsen ASA agreed to an early three year extension of a contract with a major European auto manufacturer, running from mid 2028 to mid 2031, according to a client announcement.
HAUTO
NOK 155.00
Höegh Autoliners
7D
5.7%
1Y
59.1%
Narrative Update • Jul 01

HAUTO: Dividend Reset And Earnings Quality Will Shape Balanced Return Potential

Analysts have lifted their price target for Höegh Autoliners from NOK 125.56 to NOK 133.43, citing tweaks to their models that include a lower discount rate, slightly less revenue decline assumed, stronger profit margins, and a reduced future P/E multiple. What's in the News Höegh Autoliners ASA announced a dividend distribution totaling US$94 million, with a dividend of US$0.4927 per share.
ODF
NOK 114.40
Odfjell
7D
9.0%
1Y
-4.0%
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 6.00
Jinhui Shipping and Transportation
7D
-1.6%
1Y
4.2%
WEST
NOK 21.20
Western Bulk Chartering
7D
-5.4%
1Y
69.6%
2020
NOK 3.00
2020 Bulkers
7D
-9.1%
1Y
-97.6%
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 40.90
Stainless Tankers
7D
-0.7%
1Y
-16.4%