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Norwegian (OSEAX) Materials Sector Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.8%
  • 3M-15.2%
  • 1Y18.9%
  • YTD5.0%

Over the last 7 days, the Materials industry has dropped 1.8%, driven by Norsk Hydro declining 2.5%. In contrast, BEWI has gained 11%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, earnings are forecast to grow by 8.5% annually.

Sector Valuation and Performance

Has the Norwegian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Aug 2026NOK 332.3bNOK 417.1bNOK 24.1b18.1x13.8x0.8x
Fri, 17 Jul 2026NOK 330.3bNOK 415.3bNOK 20.0b29.2x16.6x0.8x
Sun, 14 Jun 2026NOK 381.9bNOK 412.2bNOK 20.1b25.4x19x0.9x
Tue, 12 May 2026NOK 385.9bNOK 406.8bNOK 19.8b20.3x19.5x0.9x
Thu, 09 Apr 2026NOK 403.6bNOK 416.5bNOK 21.0b14.2x19.2x1x
Sat, 07 Mar 2026NOK 365.4bNOK 417.0bNOK 21.1b20.5x17.3x0.9x
Mon, 02 Feb 2026NOK 346.7bNOK 420.4bNOK 19.5b19.3x17.8x0.8x
Wed, 31 Dec 2025NOK 327.1bNOK 427.2bNOK 19.8b19.1x16.5x0.8x
Fri, 28 Nov 2025NOK 297.5bNOK 429.0bNOK 19.9b17.3x15x0.7x
Sun, 26 Oct 2025NOK 291.1bNOK 426.1bNOK 19.8b17.4x14.7x0.7x
Tue, 23 Sep 2025NOK 282.7bNOK 420.3bNOK 18.0b21.1x15.7x0.7x
Thu, 21 Aug 2025NOK 288.2bNOK 425.5bNOK 18.3b21.6x15.7x0.7x
Sat, 19 Jul 2025NOK 279.9bNOK 417.5bNOK 14.4b22.1x19.5x0.7x
Mon, 16 Jun 2025NOK 266.8bNOK 413.6bNOK 15.8b19.4x16.9x0.6x
Wed, 14 May 2025NOK 259.9bNOK 420.2bNOK 15.9b16.4x16.3x0.6x
Fri, 11 Apr 2025NOK 234.9bNOK 414.0bNOK 8.4b13.6x27.9x0.6x
Sun, 09 Mar 2025NOK 280.7bNOK 414.6bNOK 8.4b14.5x33.3x0.7x
Tue, 04 Feb 2025NOK 279.2bNOK 433.6bNOK 9.4b17.1x29.8x0.6x
Thu, 02 Jan 2025NOK 257.5bNOK 432.9bNOK 9.3b19x27.6x0.6x
Sat, 30 Nov 2024NOK 270.5bNOK 428.3bNOK 9.1b17.4x29.8x0.6x
Mon, 28 Oct 2024NOK 283.0bNOK 427.4bNOK 9.0b14.9x31.4x0.7x
Wed, 25 Sep 2024NOK 271.5bNOK 415.9bNOK 4.3b18.9x63x0.7x
Fri, 23 Aug 2024NOK 253.8bNOK 418.9bNOK 4.3b18.3x58.5x0.6x
Sun, 21 Jul 2024NOK 266.6bNOK 426.2bNOK 7.6b17.6x35.2x0.6x
Tue, 18 Jun 2024NOK 261.2bNOK 427.4bNOK 3.3b11.5x79.1x0.6x
Thu, 16 May 2024NOK 275.9bNOK 428.7bNOK 3.3b11.7x82.7x0.6x
Sat, 13 Apr 2024NOK 289.2bNOK 444.6bNOK 6.2b22.4x46.9x0.7x
Mon, 11 Mar 2024NOK 252.4bNOK 436.9bNOK 6.1b20.9x41.2x0.6x
Wed, 07 Feb 2024NOK 266.0bNOK 459.9bNOK 16.3b10.6x16.3x0.6x
Fri, 05 Jan 2024NOK 282.7bNOK 454.8bNOK 16.0b10.7x17.7x0.6x
Sun, 03 Dec 2023NOK 275.7bNOK 461.9bNOK 16.2b9.3x17x0.6x
Tue, 31 Oct 2023NOK 268.3bNOK 470.1bNOK 16.6b11.3x16.1x0.6x
Thu, 28 Sep 2023NOK 289.4bNOK 498.7bNOK 31.2b9.2x9.3x0.6x
Sat, 26 Aug 2023NOK 270.2bNOK 498.8bNOK 31.3b8.7x8.6x0.5x
Price to Earnings Ratio

8.6x


Total Market Cap: NOK 270.2bTotal Earnings: NOK 31.3bTotal Revenue: NOK 498.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Materials Sector Price to Earnings3Y Average 29.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.8x which is lower than its 3-year average PE of 29.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 8.3% per year over the last three years,
  • Revenues have also declined 5.8% 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 Materials sector?

NO Market1.36%
Materials-1.83%
Paper and Forestry Products3.21%
Basic Materials0%0
Chemicals-0.76%
Metals and Mining-2.47%
Packaging-7.49%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 15.2x.
    • Analysts are expecting annual earnings growth of 30.9% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Chemicals industry, which is trading below its 3-year average of 20.3x.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 31% over the next 5 years.
  • In contrast, the Basic Materials industry is expected to see its earnings decline by 32% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
YAR Yara InternationalNOK 437.203.6%
+NOK 3.8b		15.7%PE7.7x
BEWI BEWINOK 22.0015.8%
+NOK 709.6m		3.5%PS0.6x
BRG BorregaardNOK 156.800.5%
+NOK 79.7m		-25.5%PE92.5x
MVW M Vest WaterNOK 8.0030.1%
+NOK 65.3m		-10.1%PS10.1x
GOLDR Gold Road InternationalNOK 7.883.4%
+NOK 14.9m		n/aPS20.6x

Latest News

ELO
NOK 35.00
Elopak
7D
-3.0%
1Y
-25.6%
NSKOG
NOK 44.50
Norske Skog
7D
-6.3%
1Y
96.9%
NOM
NOK 2.14
Nordic Mining
7D
-21.8%
1Y
-88.1%
BEWI
NOK 22.00
BEWI
7D
15.8%
1Y
3.5%
ELK
NOK 33.60
Elkem
7D
0.1%
1Y
30.0%
TEKNA
NOK 5.82
Tekna Holding
7D
-19.6%
1Y
28.8%
NHY
NOK 90.90
Norsk Hydro
7D
-1.5%
1Y
39.2%
BCS
NOK 6.30
Bergen Carbon Solutions
7D
1.9%
1Y
34.6%
DSRT
NOK 0.30
Desert Control
7D
-12.7%
1Y
-92.5%
YAR
NOK 437.20
Yara International
7D
3.6%
1Y
15.7%
Narrative Update • Aug 03

YAR: Softer Fertilizer Markets And Gas Costs Will Shape Future Repricing

Analysts have trimmed the fair value estimate for Yara International to about NOK 487 from about NOK 520, reflecting lower Street price targets in the NOK 445 to NOK 480 range and more cautious assumptions on the agriculture backdrop and fertilizer pricing. Analyst Commentary Recent Street research on Yara International points to a more cautious tone, with several firms trimming price targets into the NOK 445 to NOK 480 range and shifting ratings toward neutral stances.
BRG
NOK 156.80
Borregaard
7D
0.5%
1Y
-25.5%
POLAR
NOK 5.00
Polar Resources
7D
-3.3%
1Y
n/a
MVW
NOK 8.00
M Vest Water
7D
30.1%
1Y
-10.1%
GEM
NOK 1.30
Green Minerals
7D
-11.6%
1Y
-43.0%
ABTEC
NOK 5.38
Aqua Bio Technology
7D
10.9%
1Y
-88.0%