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Norwegian (OSEAX) Materials Sector Analysis

UpdatedSep 29, 2025
DataAggregated Company Financials
Companies15
  • 7D0.7%
  • 3M4.6%
  • 1Y0.5%
  • YTD8.8%

The Materials industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Sep 2025NOK 284.6bNOK 420.9bNOK 18.0b21.2x15.8x0.7x
Wed, 27 Aug 2025NOK 291.1bNOK 423.6bNOK 18.2b22.1x16x0.7x
Fri, 25 Jul 2025NOK 288.2bNOK 423.4bNOK 18.4b21.1x15.7x0.7x
Sun, 22 Jun 2025NOK 267.9bNOK 417.1bNOK 15.9b19x16.9x0.6x
Tue, 20 May 2025NOK 260.3bNOK 419.7bNOK 15.9b15.8x16.4x0.6x
Thu, 17 Apr 2025NOK 235.5bNOK 412.1bNOK 8.4b14.5x28x0.6x
Sat, 15 Mar 2025NOK 273.5bNOK 411.3bNOK 8.4b14.8x32.5x0.7x
Mon, 10 Feb 2025NOK 271.5bNOK 429.5bNOK 2.4b23.8x113.2x0.6x
Wed, 08 Jan 2025NOK 258.9bNOK 432.2bNOK 9.3b18.2x27.8x0.6x
Fri, 06 Dec 2024NOK 278.3bNOK 428.2bNOK 9.1b17.9x30.7x0.6x
Sun, 03 Nov 2024NOK 279.8bNOK 429.2bNOK 9.0b15.5x31x0.7x
Tue, 01 Oct 2024NOK 283.4bNOK 418.3bNOK 4.4b19.6x65.2x0.7x
Thu, 29 Aug 2024NOK 253.9bNOK 417.4bNOK 4.3b18.6x58.5x0.6x
Sat, 27 Jul 2024NOK 261.4bNOK 425.1bNOK 4.5b17.4x57.7x0.6x
Mon, 24 Jun 2024NOK 265.2bNOK 425.8bNOK 3.3b11.2x80.4x0.6x
Wed, 22 May 2024NOK 286.7bNOK 427.7bNOK 3.2b11.5x88.8x0.7x
Fri, 19 Apr 2024NOK 286.5bNOK 445.5bNOK 4.8b16.6x60x0.6x
Sun, 17 Mar 2024NOK 258.8bNOK 440.0bNOK 6.1b21.1x42.1x0.6x
Tue, 13 Feb 2024NOK 265.3bNOK 435.6bNOK 9.4b18.6x28.1x0.6x
Thu, 11 Jan 2024NOK 281.0bNOK 455.9bNOK 16.0b10.6x17.5x0.6x
Sat, 09 Dec 2023NOK 270.2bNOK 466.5bNOK 16.3b9.6x16.5x0.6x
Mon, 06 Nov 2023NOK 273.6bNOK 468.7bNOK 16.6b11.9x16.4x0.6x
Wed, 04 Oct 2023NOK 290.5bNOK 501.1bNOK 31.4b9x9.3x0.6x
Fri, 01 Sep 2023NOK 274.4bNOK 497.8bNOK 31.2b8.7x8.8x0.6x
Sun, 30 Jul 2023NOK 298.0bNOK 487.3bNOK 31.0b10x9.6x0.6x
Tue, 27 Jun 2023NOK 283.8bNOK 540.0bNOK 51.7b5.6x5.5x0.5x
Thu, 25 May 2023NOK 311.0bNOK 543.4bNOK 56.5b5.4x5.5x0.6x
Sat, 22 Apr 2023NOK 348.7bNOK 554.4bNOK 67.3b6.2x5.2x0.6x
Mon, 20 Mar 2023NOK 326.5bNOK 556.0bNOK 67.0b6x4.9x0.6x
Wed, 15 Feb 2023NOK 348.2bNOK 546.8bNOK 65.4b6.5x5.3x0.6x
Fri, 13 Jan 2023NOK 340.6bNOK 533.7bNOK 65.3b5.7x5.2x0.6x
Sun, 11 Dec 2022NOK 332.0bNOK 534.3bNOK 65.4b5.4x5.1x0.6x
Tue, 08 Nov 2022NOK 326.9bNOK 539.2bNOK 66.2b4.6x4.9x0.6x
Thu, 06 Oct 2022NOK 290.5bNOK 510.7bNOK 52.9b5x5.5x0.6x
Price to Earnings Ratio

5.5x


Total Market Cap: NOK 290.5bTotal Earnings: NOK 52.9bTotal Revenue: NOK 510.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Materials Sector Price to Earnings3Y Average 26.3x202320242025
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 15.8x which is lower than its 3-year average PE of 26.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 30% per year over the last three years,
  • Revenues have also declined 6.1% 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 Market1.78%
Materials0.68%
Chemicals2.36%
Packaging0.33%
Basic Materials-0.28%
Metals and Mining-0.89%
Paper and Forestry Products-2.92%
Industry PE
  • Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 4.3x.
    • Analysts are expecting annual earnings growth of 62.0% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 62% over the next 5 years.
  • In contrast, the Metals and Mining industry is expected to see its earnings grow by 10% 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 370.802.6%
+NOK 2.4b		11.0%PE13.5x
ELK ElkemNOK 26.967.7%
+NOK 1.2b		31.5%PE24.4x
ELO ElopakNOK 45.200.3%
+NOK 40.3m		1.6%PE21.2x
TEKNA Tekna HoldingNOK 4.503.0%
+NOK 16.6m		-11.4%PS2.3x
RANA Rana GruberNOK 66.300.3%
+NOK 7.4m		-10.4%PE8.3x

Latest News

BRG
NOK 192.80
Borregaard
7D
-2.2%
1Y
-2.8%
DSRT
NOK 1.67
Desert Control
7D
-18.1%
1Y
-77.6%
ELK
NOK 26.96
Elkem
7D
7.7%
1Y
31.5%

Silicones Review And Carbon Capture R&D Will Improve Competitiveness

Elkem's slight improvement in net profit margin has supported an upward revision of the consensus analyst price target from NOK26.40 to NOK27.92. What's in the News Elkem and NTE signed a long-term power purchase agreement for 300 GWh/year renewable power delivery (2028-2037) in Norway’s NO4 area.
MVW
NOK 7.62
M Vest Water
7D
-2.6%
1Y
-26.0%
NOM
NOK 14.98
Nordic Mining
7D
-10.1%
1Y
-45.2%
YAR
NOK 370.80
Yara International
7D
2.6%
1Y
11.0%
RANA
NOK 66.30
Rana Gruber
7D
0.3%
1Y
-10.4%

Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital

Sep 01
Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital
BCS
NOK 3.91
Bergen Carbon Solutions
7D
-6.2%
1Y
-26.9%
BEWI
NOK 17.02
BEWI
7D
-1.2%
1Y
-40.3%
ELO
NOK 45.20
Elopak
7D
0.3%
1Y
1.6%
TEKNA
NOK 4.50
Tekna Holding
7D
3.0%
1Y
-11.4%
NHY
NOK 65.80
Norsk Hydro
7D
-0.8%
1Y
-3.9%
NSKOG
NOK 19.30
Norske Skog
7D
-2.9%
1Y
-45.5%