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Norwegian (OSEAX) Chemicals Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies8
  • 7D3.7%
  • 3M9.0%
  • 1Y32.6%
  • YTD30.2%

The Chemicals industry is up 3.7% in the last week, with Yara International up 4.4%. In the same time, Desert Control was down 5.5%. This means that the industry has gained 33% over the past year. Earnings are forecast to grow by 8.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025NOK 149.9bNOK 185.8bNOK 8.0b23.6x18.7x0.8x
Sat, 22 Nov 2025NOK 133.1bNOK 188.6bNOK 8.2b22.2x16.3x0.7x
Mon, 20 Oct 2025NOK 138.3bNOK 185.6bNOK 8.3b21.7x16.7x0.7x
Wed, 17 Sep 2025NOK 134.8bNOK 176.6bNOK 7.8b22.6x17.4x0.8x
Fri, 15 Aug 2025NOK 138.3bNOK 183.5bNOK 8.0b23.1x17.2x0.8x
Sun, 13 Jul 2025NOK 138.7bNOK 174.6bNOK 4.3b23.3x32.4x0.8x
Tue, 10 Jun 2025NOK 131.4bNOK 177.4bNOK 5.2b21.7x25.1x0.7x
Thu, 08 May 2025NOK 123.5bNOK 181.1bNOK 5.3b20.8x23.2x0.7x
Sat, 05 Apr 2025NOK 109.5bNOK 183.9bNOK 2.3b19.7x47x0.6x
Mon, 03 Mar 2025NOK 121.0bNOK 191.0bNOK 2.3b22.5x51.8x0.6x
Wed, 29 Jan 2025NOK 124.7bNOK 208.8bNOK 6.5b24.1x19.3x0.6x
Fri, 27 Dec 2024NOK 111.4bNOK 209.3bNOK 6.5b21.9x17.2x0.5x
Sun, 24 Nov 2024NOK 116.4bNOK 205.5bNOK 6.2b22.6x18.6x0.6x
Tue, 22 Oct 2024NOK 125.6bNOK 206.8bNOK 2.5b27.8x50.7x0.6x
Thu, 19 Sep 2024NOK 116.8bNOK 201.7bNOK 2.4b26.3x48.9x0.6x
Sat, 17 Aug 2024NOK 116.3bNOK 203.0bNOK 2.5b25.5x47.3x0.6x
Mon, 15 Jul 2024NOK 115.9bNOK 208.2b-NOK 716,077,848.3022.7x-161.8x0.6x
Wed, 12 Jun 2024NOK 118.1bNOK 208.3b-NOK 1,523,995,981.1622.9x-77.5x0.6x
Fri, 10 May 2024NOK 120.4bNOK 212.4b-NOK 1,442,774,030.9022.8x-83.4x0.6x
Sun, 07 Apr 2024NOK 132.5bNOK 220.3bNOK 924.8m173.7x143.2x0.6x
Tue, 05 Mar 2024NOK 127.0bNOK 217.6bNOK 922.3m170.6x137.7x0.6x
Thu, 01 Feb 2024NOK 130.8bNOK 239.6bNOK 7.6b14.8x17.1x0.5x
Sat, 30 Dec 2023NOK 133.0bNOK 232.6bNOK 7.4b15.9x18x0.6x
Mon, 27 Nov 2023NOK 131.8bNOK 243.2bNOK 7.7b15.4x17.1x0.5x
Wed, 25 Oct 2023NOK 127.9bNOK 254.2bNOK 11.7b15.7x11x0.5x
Fri, 22 Sep 2023NOK 144.4bNOK 272.3bNOK 15.8b13.5x9.1x0.5x
Sun, 20 Aug 2023NOK 141.3bNOK 269.8bNOK 15.7b12.9x9x0.5x
Tue, 18 Jul 2023NOK 140.8bNOK 281.5bNOK 24.9b11.1x5.6x0.5x
Thu, 15 Jun 2023NOK 142.3bNOK 296.5bNOK 28.9b12.2x4.9x0.5x
Sat, 13 May 2023NOK 158.4bNOK 299.8bNOK 29.1b12.9x5.4x0.5x
Mon, 10 Apr 2023NOK 167.6bNOK 315.1bNOK 39.4b11.5x4.3x0.5x
Wed, 08 Mar 2023NOK 178.7bNOK 319.1bNOK 39.8b11.7x4.5x0.6x
Fri, 03 Feb 2023NOK 170.0bNOK 298.7bNOK 32.0b11x5.3x0.6x
Sun, 01 Jan 2023NOK 161.8bNOK 292.9bNOK 31.5b10.6x5.1x0.6x
Price to Earnings Ratio

5.1x


Total Market Cap: NOK 161.8bTotal Earnings: NOK 31.5bTotal Revenue: NOK 292.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Chemicals Industry Price to Earnings3Y Average 18.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 18.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 37% per year over the last three years,
  • Revenues have also declined 14% 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 Market1.89%
Materials3.17%
Chemicals3.75%
Fertilizers and Agricultural Chemicals4.41%
Commodity Chemicals2.36%
Specialty Chemicals2.14%
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 67.2x.
    • Analysts are expecting annual earnings growth of 42.9%, which is higher than its past year's earnings decline of 41.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 86% over the next 5 years.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 7.6% 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 416.903.5%
+NOK 3.6b		39.4%PE14.4x
ELK ElkemNOK 29.501.4%
+NOK 253.7m		70.6%PE38.6x
BRG BorregaardNOK 196.000.7%
+NOK 139.6m		10.0%PE23.6x
BEWI BEWINOK 17.482.3%
+NOK 94.6m		-33.8%PS0.4x
BCS Bergen Carbon SolutionsNOK 3.480.3%
+NOK 419.7k		16.8%PB1x

Latest News

BEWI
NOK 17.48
BEWI
7D
2.3%
1Y
-33.8%
YAR
NOK 416.90
Yara International
7D
3.5%
1Y
39.4%
ABTEC
NOK 0.46
Aqua Bio Technology
7D
-6.2%
1Y
-79.8%
BCS
NOK 3.48
Bergen Carbon Solutions
7D
0.3%
1Y
16.8%
BRG
NOK 196.00
Borregaard
7D
0.7%
1Y
10.0%

BRG: Government Support And Bio Project Will Support Stable Future Outlook

Analysts have marginally raised their price target on Borregaard to NOK 212.50, citing slightly lower discount rate assumptions while keeping revenue growth, profit margin, and future P E expectations essentially unchanged. What's in the News Norwegian Research Council awards Borregaard NOK 15 million for its Biomer innovation project, supporting development of bio based alternatives to fossil based polycarboxylates used in agriculture, industry, and household products (Norwegian Research Council) Biomer project to leverage Borregaard’s Sarpsborg biorefinery and wood chemistry expertise to convert Norwegian bioresources into greener polymers with a significantly lower environmental footprint (Norwegian Research Council) Valuation Changes The fair value estimate remains unchanged at NOK 212.50 per share, indicating no revision to the overall intrinsic value assessment.
DSRT
NOK 2.08
Desert Control
7D
-6.7%
1Y
-61.8%
ELK
NOK 29.50
Elkem
7D
1.4%
1Y
70.6%

ELK: Medical Materials Expansion And Production Cuts Will Shape Balanced Outlook

Analysts have modestly raised their price target on Elkem to NOK 29.80, citing slightly lower perceived risk reflected in a reduced discount rate, while keeping growth, margin, and valuation assumptions broadly unchanged. What's in the News Elkem launched SILBIONE LSR Select EC 70, a next generation medical grade liquid silicone rubber designed for wearable and diagnostic devices, featuring high electrical conductivity, certified biocompatibility, and enhanced process control for precision healthcare applications (Key Developments).
TEKNA
NOK 3.08
Tekna Holding
7D
-1.3%
1Y
-11.2%
MVW
NOK 7.00
M Vest Water
7D
-2.8%
1Y
-20.5%