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Norwegian (OSEAX) Marine and Shipping Industry Analysis

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies13
  • 7D6.4%
  • 3M18.0%
  • 1Y46.9%
  • YTD42.6%

In the last week, the Marine and Shipping industry is up 6.4%, with Wallenius Wilhelmsen up 10%. In the last 12 months, the industry was up 47%. Looking forward, earnings are forecast to decline by 9.7% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026NOK 191.7bNOK 134.3bNOK 24.2b8.2x7.9x1.4x
Tue, 14 Jul 2026NOK 171.1bNOK 138.8bNOK 28.4b6.4x6x1.2x
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
Price to Earnings Ratio

4.4x


Total Market Cap: NOK 145.2bTotal Earnings: NOK 32.8bTotal Revenue: NOK 185.8bTotal 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 7.9x which is higher than its 3-year average PE of 4.5x.
  • The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have declined 9.6% per year over the last three years,
  • Revenues have also declined 10% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

NO Market2.99%
Industrials6.57%
Marine and Shipping6.43%
Marine6.43%
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 162.8010.3%
+NOK 6.4b		65.0%PE10.5x
HAUTO Höegh AutolinersNOK 189.207.5%
+NOK 2.5b		75.3%PE8.3x
WWI Wilh. Wilhelmsen HoldingNOK 803.004.6%
+NOK 1.1b		60.3%PE6.7x
MPCC MPC Container ShipsNOK 25.635.6%
+NOK 668.7m		32.9%PE6.1x
SNI Stolt-NielsenNOK 318.501.4%
+NOK 239.0m		3.9%PE8x

Latest News

WAWI
NOK 162.80
Wallenius Wilhelmsen
7D
10.3%
1Y
65.0%
HSHP
NOK 150.60
Himalaya Shipping
7D
0.7%
1Y
100.8%
Analysis Article • Aug 14

Earnings Update: Himalaya Shipping Ltd. (OB:HSHP) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Last week saw the newest quarterly earnings release from Himalaya Shipping Ltd. ( OB:HSHP ), an important milestone in...
MPCC
NOK 25.63
MPC Container Ships
7D
5.6%
1Y
32.9%
Narrative Update • Aug 13

MPCC: Execution Against NOK 30 Outlook Will Shape Balanced Return Prospects

Analysts have raised their price target for MPC Container Ships from NOK 25 to NOK 30, citing updated assumptions on fair value, discount rate, revenue trends, profit margins and future P/E levels. Analyst Commentary Recent research on MPC Container Ships highlights a shift toward a more constructive view on the stock, with price targets now aligned at NOK 30.
WWI
NOK 803.00
Wilh. Wilhelmsen Holding
7D
4.6%
1Y
60.3%
HAUTO
NOK 189.20
Höegh Autoliners
7D
7.5%
1Y
75.3%
Narrative Update • Aug 07

HAUTO: Extended Asian Contract And Higher Multiple Will Shape Future Return Balance

Analysts have raised their price target on Höegh Autoliners from NOK 158.11 to NOK 185.41, citing updated fair value estimates and recent research support, including an NOK 186 target from Nordea. What’s in the News for Höegh Autoliners Höegh Autoliners ASA agreed an extension of an existing contract with a major Asian car producer for transportation of cars in a key trade lane.
SNI
NOK 318.50
Stolt-Nielsen
7D
1.4%
1Y
3.9%
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 101.20
Klaveness Combination Carriers
7D
4.0%
1Y
46.9%
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.
JIN
NOK 6.40
Jinhui Shipping and Transportation
7D
3.9%
1Y
2.6%
WEST
NOK 21.10
Western Bulk Chartering
7D
-0.5%
1Y
48.6%
STST
NOK 41.00
Stainless Tankers
7D
-4.0%
1Y
-11.4%