Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Chemicals Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies8
  • 7D2.4%
  • 3M20.0%
  • 1Y33.9%
  • YTD10.3%

In the last week, the Chemicals industry is up 2.4%, with Yara International up 3.3%. In the last 12 months, the industry was up 34%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026NOK 164.7bNOK 182.0bNOK 13.2b28.4x12.4x0.9x
Thu, 29 Jan 2026NOK 155.2bNOK 179.1bNOK 7.7b23.4x20.1x0.9x
Sat, 27 Dec 2025NOK 149.9bNOK 184.9bNOK 8.0b23.6x18.8x0.8x
Mon, 24 Nov 2025NOK 133.1bNOK 188.6bNOK 8.2b22.2x16.3x0.7x
Wed, 22 Oct 2025NOK 138.0bNOK 185.5bNOK 8.3b22x16.7x0.7x
Fri, 19 Sep 2025NOK 133.7bNOK 178.3bNOK 7.8b22.4x17.1x0.7x
Sun, 17 Aug 2025NOK 139.7bNOK 183.2bNOK 8.0b23.2x17.4x0.8x
Tue, 15 Jul 2025NOK 139.5bNOK 177.9bNOK 3.8b23.1x36.5x0.8x
Thu, 12 Jun 2025NOK 134.0bNOK 177.2bNOK 5.2b21.8x25.6x0.8x
Sat, 10 May 2025NOK 123.2bNOK 181.3bNOK 5.3b21.1x23.1x0.7x
Mon, 07 Apr 2025NOK 109.5bNOK 183.9bNOK 2.3b19.7x47x0.6x
Wed, 05 Mar 2025NOK 117.6bNOK 190.2bNOK 2.3b21.7x50.4x0.6x
Fri, 31 Jan 2025NOK 127.3bNOK 208.8bNOK 6.5b24.4x19.7x0.6x
Sun, 29 Dec 2024NOK 111.7bNOK 209.7bNOK 6.5b22x17.2x0.5x
Tue, 26 Nov 2024NOK 116.6bNOK 206.0bNOK 6.3b22.2x18.6x0.6x
Thu, 24 Oct 2024NOK 123.5bNOK 207.2bNOK 2.5b27.2x49.7x0.6x
Sat, 21 Sep 2024NOK 118.9bNOK 200.0bNOK 2.4b26.5x50.3x0.6x
Mon, 19 Aug 2024NOK 116.3bNOK 203.0bNOK 2.4b25.5x47.5x0.6x
Wed, 17 Jul 2024NOK 115.3bNOK 209.3b-NOK 721,339,381.1322.6x-159.8x0.6x
Fri, 14 Jun 2024NOK 117.2bNOK 207.5b-NOK 1,519,900,646.2922.7x-77.1x0.6x
Sun, 12 May 2024NOK 122.6bNOK 211.2b-NOK 1,438,359,106.2323.3x-85.2x0.6x
Tue, 09 Apr 2024NOK 131.6bNOK 219.7bNOK 923.7m173.6x142.5x0.6x
Thu, 07 Mar 2024NOK 123.3bNOK 216.4bNOK 919.9m166.2x134.1x0.6x
Sat, 03 Feb 2024NOK 131.5bNOK 241.2bNOK 7.6b14.8x17.3x0.5x
Mon, 01 Jan 2024NOK 133.0bNOK 233.2bNOK 7.4b15.8x18x0.6x
Wed, 29 Nov 2023NOK 129.7bNOK 241.7bNOK 7.7b15.2x16.9x0.5x
Fri, 27 Oct 2023NOK 125.8bNOK 253.3bNOK 8.2b15.1x15.3x0.5x
Sun, 24 Sep 2023NOK 144.5bNOK 272.0bNOK 15.8b13.3x9.1x0.5x
Tue, 22 Aug 2023NOK 141.3bNOK 268.7bNOK 15.6b13x9.1x0.5x
Thu, 20 Jul 2023NOK 143.3bNOK 258.0bNOK 15.3b13.5x9.4x0.6x
Sat, 17 Jun 2023NOK 143.7bNOK 297.1bNOK 28.9b12x5x0.5x
Mon, 15 May 2023NOK 158.4bNOK 299.6bNOK 29.1b12.9x5.4x0.5x
Wed, 12 Apr 2023NOK 171.7bNOK 317.2bNOK 39.6b11.6x4.3x0.5x
Fri, 10 Mar 2023NOK 179.8bNOK 318.2bNOK 39.7b11.7x4.5x0.6x
Price to Earnings Ratio

4.5x


Total Market Cap: NOK 179.8bTotal Earnings: NOK 39.7bTotal Revenue: NOK 318.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Chemicals Industry Price to Earnings3Y Average 19.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Chemicals 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 12.4x which is lower than its 3-year average PE of 19.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 31% per year over the last three years,
  • Revenues have also declined 17% 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 industry?

NO Market0.60%
Materials1.76%
Chemicals2.36%
Fertilizers and Agricultural Chemicals2.76%
Specialty Chemicals1.29%
Commodity Chemicals0.37%
Industrial Gases0%0
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry even though it's trading below its 3-year average PE ratio of 69.2x.
    • Analysts are expecting annual earnings growth of 35.7%, which is higher than its past year's earnings decline of 54.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 109% over the next 5 years.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 13% 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 486.704.6%
+NOK 5.4b		53.5%PE9.4x
ELK ElkemNOK 30.422.1%
+NOK 393.2m		34.2%PE64.1x
BEWI BEWINOK 16.100.6%
+NOK 23.7m		-39.8%PS0.4x
DSRT Desert ControlNOK 1.591.9%
+NOK 3.6m		-67.0%PS96x

Latest News

BEWI
NOK 16.10
BEWI
7D
0.6%
1Y
-39.8%

Circular Model And Automotive Exposure Will Reshape Long Term Earnings Power

Catalysts About BEWI BEWI produces protective packaging, insulation solutions and circular recycling services for industries such as construction, automotive and food. What are the underlying business or industry changes driving this perspective?
DSRT
NOK 1.59
Desert Control
7D
1.9%
1Y
-67.0%
BCS
NOK 3.34
Bergen Carbon Solutions
7D
-4.6%
1Y
5.9%
ELK
NOK 30.42
Elkem
7D
2.1%
1Y
34.2%

ELK: Safety Actions And Earnings Assumptions Will Shape A Balanced Outlook

The analyst price target for Elkem has been adjusted from NOK 31.85 to NOK 32.83. Analysts cite updated assumptions across the discount rate, revenue growth, profit margin and forward P/E as the key drivers behind this change.
MVW
NOK 5.62
M Vest Water
7D
-7.9%
1Y
-47.5%

Regulatory Uncertainty In Aquaculture Will Challenge Green Water Treatment But Long Term Potential Remains

Catalysts About M Vest Water M Vest Water develops green technologies and consumable chemicals for industrial water and wastewater treatment across aquaculture, oil and gas, and dredging markets. What are the underlying business or industry changes driving this perspective?
YAR
NOK 486.70
Yara International
7D
4.6%
1Y
53.5%

YAR: Higher Fair Value Will Expose Execution Risk In Low Emission Ammonia

Analysts have lifted their average price target for Yara International to NOK 310 from around NOK 298, reflecting updated models that factor in a slightly higher assumed profit margin, a modestly higher future P/E multiple, and recent mixed rating changes including both downgrades and upgrades, alongside incremental target increases from the Street. Analyst Commentary Recent Street research on Yara International has been mixed, with some firms turning more cautious even as others see room for upside.
BRG
NOK 175.40
Borregaard
7D
-0.5%
1Y
-5.6%

BRG: Dividend And Margin Resilience Will Support Higher Future Fair Value

Analysts have trimmed their Borregaard price targets, with one cut of NOK 45 reflecting slightly higher discount rates and only marginal tweaks to long term revenue growth, profit margins and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts appear comfortable that only marginal adjustments to long term revenue growth, profit margins and future P/E assumptions are needed, which suggests they still view the core earnings profile as intact.
TEKNA
NOK 3.80
Tekna Holding
7D
-5.0%
1Y
-28.3%
ABTEC
NOK 7.50
Aqua Bio Technology
7D
-8.9%
1Y
-91.3%