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Norwegian (OSEAX) Chemicals Industry Analysis

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

Over the last 7 days, the Chemicals industry has risen 2.4%, driven by gains from Yara International of 2.8%. This means that the industry has gained 34% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026NOK 164.7bNOK 182.0bNOK 13.2b28.4x12.4x0.9x
Wed, 28 Jan 2026NOK 154.4bNOK 179.0bNOK 7.7b23.2x20x0.9x
Fri, 26 Dec 2025NOK 149.9bNOK 184.9bNOK 8.0b23.6x18.8x0.8x
Sun, 23 Nov 2025NOK 133.1bNOK 188.6bNOK 8.2b22.2x16.3x0.7x
Tue, 21 Oct 2025NOK 138.0bNOK 185.9bNOK 8.3b22x16.6x0.7x
Thu, 18 Sep 2025NOK 133.2bNOK 177.3bNOK 7.8b22.2x17.1x0.8x
Sat, 16 Aug 2025NOK 139.7bNOK 183.2bNOK 8.0b23.2x17.4x0.8x
Mon, 14 Jul 2025NOK 138.7bNOK 174.6bNOK 4.3b23.3x32.4x0.8x
Wed, 11 Jun 2025NOK 131.9bNOK 177.7bNOK 5.2b21.7x25.2x0.7x
Fri, 09 May 2025NOK 123.2bNOK 182.3bNOK 5.4b21.1x23x0.7x
Sun, 06 Apr 2025NOK 109.5bNOK 183.9bNOK 2.3b19.7x47x0.6x
Tue, 04 Mar 2025NOK 120.3bNOK 189.6bNOK 2.3b22.5x51.6x0.6x
Thu, 30 Jan 2025NOK 127.3bNOK 208.8bNOK 6.5b24.1x19.7x0.6x
Sat, 28 Dec 2024NOK 111.7bNOK 209.8bNOK 6.5b22x17.2x0.5x
Mon, 25 Nov 2024NOK 116.4bNOK 205.5bNOK 6.2b22.6x18.6x0.6x
Wed, 23 Oct 2024NOK 123.7bNOK 206.2bNOK 2.5b27.3x50.1x0.6x
Fri, 20 Sep 2024NOK 120.3bNOK 200.1bNOK 2.4b26.8x50.9x0.6x
Sun, 18 Aug 2024NOK 116.3bNOK 203.0bNOK 2.4b25.5x47.5x0.6x
Tue, 16 Jul 2024NOK 115.7bNOK 209.5b-NOK 722,550,088.9222.7x-160.2x0.6x
Thu, 13 Jun 2024NOK 118.1bNOK 206.6b-NOK 1,517,440,901.8723.1x-77.8x0.6x
Sat, 11 May 2024NOK 122.6bNOK 211.2b-NOK 1,438,359,106.2323.3x-85.2x0.6x
Mon, 08 Apr 2024NOK 132.5bNOK 220.3bNOK 924.8m173.7x143.2x0.6x
Wed, 06 Mar 2024NOK 125.8bNOK 217.6bNOK 922.4m168.8x136.4x0.6x
Fri, 02 Feb 2024NOK 131.9bNOK 238.1bNOK 7.5b15x17.5x0.6x
Sun, 31 Dec 2023NOK 133.0bNOK 233.2bNOK 7.4b15.8x18x0.6x
Tue, 28 Nov 2023NOK 131.7bNOK 242.7bNOK 7.7b15.4x17.1x0.5x
Thu, 26 Oct 2023NOK 127.0bNOK 254.8bNOK 11.7b15.3x10.8x0.5x
Sat, 23 Sep 2023NOK 144.5bNOK 271.4bNOK 15.8b13.3x9.2x0.5x
Mon, 21 Aug 2023NOK 141.3bNOK 269.8bNOK 15.7b12.9x9x0.5x
Wed, 19 Jul 2023NOK 145.1bNOK 282.2bNOK 25.0b11.3x5.8x0.5x
Fri, 16 Jun 2023NOK 142.0bNOK 295.6bNOK 28.8b12x4.9x0.5x
Sun, 14 May 2023NOK 158.4bNOK 299.6bNOK 29.1b12.9x5.4x0.5x
Tue, 11 Apr 2023NOK 167.6bNOK 315.1bNOK 39.4b11.5x4.3x0.5x
Thu, 09 Mar 2023NOK 180.4bNOK 318.7bNOK 39.8b11.7x4.5x0.6x
Price to Earnings Ratio

4.5x


Total Market Cap: NOK 180.4bTotal Earnings: NOK 39.8bTotal Revenue: NOK 318.7bTotal 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 480.703.3%
+NOK 3.9b		51.6%PE9.4x
ELK ElkemNOK 30.542.5%
+NOK 469.3m		34.8%PE64.3x
BRG BorregaardNOK 176.800.3%
+NOK 59.8m		-4.8%PE28.4x
BEWI BEWINOK 16.060.4%
+NOK 14.2m		-40.0%PS0.4x
DSRT Desert ControlNOK 1.592.3%
+NOK 4.2m		-66.9%PS96.3x

Latest News

BEWI
NOK 16.06
BEWI
7D
0.4%
1Y
-40.0%

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
2.3%
1Y
-66.9%
BCS
NOK 3.51
Bergen Carbon Solutions
7D
0.3%
1Y
11.3%
ELK
NOK 30.54
Elkem
7D
2.5%
1Y
34.8%

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 5.68
M Vest Water
7D
-6.9%
1Y
-46.9%

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 480.70
Yara International
7D
3.3%
1Y
51.6%

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 176.80
Borregaard
7D
0.3%
1Y
-4.8%

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 3.85
Tekna Holding
7D
-3.8%
1Y
-27.4%
ABTEC
NOK 8.00
Aqua Bio Technology
7D
-2.8%
1Y
-90.7%