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Norwegian (OSEAX) Chemicals Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.2%
  • 3M1.4%
  • 1Y24.5%
  • YTD13.6%

The Chemicals industry is up 2.3% in the last week, with Elkem up 7.3%. This means that the industry has gained 27% over the past year. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026NOK 159.8bNOK 184.4bNOK 13.3b26x12x0.9x
Sun, 03 May 2026NOK 174.3bNOK 183.7bNOK 13.2b27.6x13.2x0.9x
Tue, 31 Mar 2026NOK 182.3bNOK 185.8bNOK 13.6b27.6x13.4x1x
Thu, 26 Feb 2026NOK 162.0bNOK 182.7bNOK 13.3b28.3x12.2x0.9x
Sat, 24 Jan 2026NOK 156.1bNOK 181.8bNOK 7.9b23.7x19.9x0.9x
Mon, 22 Dec 2025NOK 147.9bNOK 187.1bNOK 8.1b23.3x18.3x0.8x
Wed, 19 Nov 2025NOK 132.7bNOK 186.6bNOK 8.1b21.7x16.4x0.7x
Fri, 17 Oct 2025NOK 139.8bNOK 181.2bNOK 8.0b21.6x17.6x0.8x
Sun, 14 Sep 2025NOK 136.2bNOK 177.9bNOK 7.8b22.5x17.4x0.8x
Tue, 12 Aug 2025NOK 136.8bNOK 183.8bNOK 8.1b22.8x17x0.7x
Thu, 10 Jul 2025NOK 141.4bNOK 177.7bNOK 5.2b22.9x27x0.8x
Sat, 07 Jun 2025NOK 131.4bNOK 177.7bNOK 5.2b21.7x25x0.7x
Mon, 05 May 2025NOK 121.6bNOK 182.1bNOK 5.3b20.6x22.8x0.7x
Wed, 02 Apr 2025NOK 117.0bNOK 179.6bNOK 2.3b20.6x49.9x0.7x
Fri, 28 Feb 2025NOK 123.8bNOK 190.7bNOK 2.3b23x53x0.6x
Sun, 26 Jan 2025NOK 122.1bNOK 207.3bNOK 6.4b23.5x19.1x0.6x
Tue, 24 Dec 2024NOK 111.4bNOK 209.7bNOK 6.5b21.9x17.2x0.5x
Thu, 21 Nov 2024NOK 116.6bNOK 205.4bNOK 6.2b22.5x18.7x0.6x
Sat, 19 Oct 2024NOK 126.6bNOK 206.4bNOK 2.5b27.8x51.2x0.6x
Mon, 16 Sep 2024NOK 115.4bNOK 202.5bNOK 2.4b26x48x0.6x
Wed, 14 Aug 2024NOK 115.9bNOK 203.7bNOK 2.5b25.3x46.9x0.6x
Fri, 12 Jul 2024NOK 112.9bNOK 208.8b-NOK 1,531,587,601.2422.8x-73.7x0.5x
Sun, 09 Jun 2024NOK 119.7bNOK 208.6b-NOK 1,527,516,836.7122.8x-78.3x0.6x
Tue, 07 May 2024NOK 120.8bNOK 211.1b-NOK 1,437,986,453.7122.8x-84x0.6x
Thu, 04 Apr 2024NOK 130.7bNOK 220.2bNOK 924.4m174.7x141.4x0.6x
Sat, 02 Mar 2024NOK 127.3bNOK 216.8bNOK 922.1m172.7x138.1x0.6x
Mon, 29 Jan 2024NOK 131.0bNOK 237.8bNOK 7.6b15.1x17.3x0.6x
Wed, 27 Dec 2023NOK 131.5bNOK 234.0bNOK 7.4b15.7x17.7x0.6x
Fri, 24 Nov 2023NOK 130.9bNOK 244.3bNOK 7.8b15.1x16.8x0.5x
Sun, 22 Oct 2023NOK 128.4bNOK 253.2bNOK 11.7b15.4x11x0.5x
Tue, 19 Sep 2023NOK 144.5bNOK 273.2bNOK 15.8b13.4x9.1x0.5x
Thu, 17 Aug 2023NOK 144.5bNOK 268.0bNOK 15.8b13.3x9.1x0.5x
Sat, 15 Jul 2023NOK 142.9bNOK 281.4bNOK 24.9b11.2x5.7x0.5x
Mon, 12 Jun 2023NOK 157.3bNOK 301.4bNOK 29.3b12.7x5.4x0.5x
Price to Earnings Ratio

5.4x


Total Market Cap: NOK 157.3bTotal Earnings: NOK 29.3bTotal Revenue: NOK 301.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Chemicals Industry Price to Earnings3Y Average 20x202420252026
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 12.2x which is lower than its 3-year average PE of 20.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 23% per year over the last three years,
  • Revenues have also declined 15% 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 Market-0.68%
Materials1.69%
Chemicals-1.16%
Specialty Chemicals1.05%
Industrial Gases0%0
Fertilizers and Agricultural Chemicals-1.40%
Commodity Chemicals-7.03%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry even though it's trading below its 3-year average PE ratio of 72.3x.
    • Analysts are expecting annual earnings growth of 38.1%, which is higher than its past year's earnings decline of 60.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 126% 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
ELK ElkemNOK 34.105.0%
+NOK 569.3m		70.3%PE36.2x
TEKNA Tekna HoldingNOK 4.094.1%
+NOK 36.4m		-24.8%PS3.7x
ABTEC Aqua Bio TechnologyNOK 4.9724.3%
+NOK 15.0m		-92.6%PS10.2x
DSRT Desert ControlNOK 1.357.8%
+NOK 11.9m		-79.9%PS62.8x

Latest News

BRG
NOK 143.40
Borregaard
7D
-2.2%
1Y
-24.0%
Narrative Update • Jun 04

BRG: Dividend Support And Margin Resilience Will Underpin Future Upside

The analyst fair value estimate for Borregaard has moved from NOK 198.60 to NOK 183.80 as analysts factor in updated assumptions on revenue growth, profit margins and future P/E following recent supportive research updates from Danske Bank and Kepler Cheuvreux. Analyst Commentary Bullish Takeaways Bullish analysts highlight that recent research updates support a more constructive view on Borregaard's earnings power, which feeds directly into a higher comfort level around the updated fair value range.
ELK
NOK 34.10
Elkem
7D
5.0%
1Y
70.3%
BEWI
NOK 18.26
BEWI
7D
-7.2%
1Y
-14.5%
YAR
NOK 501.40
Yara International
7D
-1.4%
1Y
34.6%
Narrative Update • May 22

YAR: DOJ Pricing Probe Will Pressure Margins And Future Earnings Multiples

Analysts have lifted the average price target on Yara International by NOK 11 to around NOK 371, reflecting updated assumptions on discount rates, revenue trends, profit margins and future P/E multiples after a mix of recent upgrades, downgrades and target increases across the Street. Analyst Commentary Recent Street research around Yara International shows a mixed backdrop, with some firms lifting price targets while others turn more cautious on execution and valuation risk.
DSRT
NOK 1.35
Desert Control
7D
7.8%
1Y
-79.9%
ABTEC
NOK 4.97
Aqua Bio Technology
7D
24.3%
1Y
-92.6%
BCS
NOK 3.45
Bergen Carbon Solutions
7D
-1.1%
1Y
-5.0%
TEKNA
NOK 4.09
Tekna Holding
7D
4.1%
1Y
-24.8%