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Norwegian (OSEAX) Specialty Chemicals Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies4
  • 7D2.1%
  • 3M4.3%
  • 1Y31.4%
  • YTDn/a

Over the last 7 days, the Specialty Chemicals industry has risen 2.3%, driven by gains from Elkem of 4.7%. Meanwhile, Aqua Bio Technology actually underperformed within the industry, shrinking 7.6% in the last week. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are forecast to grow by 43% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025NOK 39.2bNOK 24.8bNOK 1.2b31.1x31.8x1.6x
Sat, 22 Nov 2025NOK 35.9bNOK 24.8bNOK 1.2b28.4x29.1x1.4x
Mon, 20 Oct 2025NOK 37.9bNOK 25.0bNOK 1.5b23.7x25.6x1.5x
Wed, 17 Sep 2025NOK 37.0bNOK 25.0bNOK 1.5b22.8x24.9x1.5x
Fri, 15 Aug 2025NOK 37.6bNOK 25.0bNOK 1.5b23.2x25.5x1.5x
Sun, 13 Jul 2025NOK 35.6bNOK 21.6bNOK 1.9b17.8x18.4x1.6x
Tue, 10 Jun 2025NOK 33.1bNOK 25.4bNOK 2.9b13.9x11.4x1.3x
Thu, 08 May 2025NOK 30.9bNOK 25.4bNOK 2.9b13.1x10.7x1.2x
Sat, 05 Apr 2025NOK 29.3bNOK 25.8bNOK 2.7b12.8x10.7x1.1x
Mon, 03 Mar 2025NOK 34.2bNOK 25.8bNOK 2.7b14.8x12.5x1.3x
Wed, 29 Jan 2025NOK 34.2bNOK 39.6bNOK 698.8m166.5x48.9x0.9x
Fri, 27 Dec 2024NOK 29.7bNOK 39.6bNOK 696.7m130.1x42.7x0.8x
Sun, 24 Nov 2024NOK 30.9bNOK 39.6bNOK 611.4m136.9x50.6x0.8x
Tue, 22 Oct 2024NOK 33.7bNOK 39.4bNOK 47.3m25.8x713.2x0.9x
Thu, 19 Sep 2024NOK 31.5bNOK 39.4bNOK 50.2m24.2x627.5x0.8x
Sat, 17 Aug 2024NOK 33.3bNOK 39.4bNOK 73.9m23.6x450.5x0.8x
Mon, 15 Jul 2024NOK 34.8bNOK 39.4bNOK 112.5m22.7x309.6x0.9x
Wed, 12 Jun 2024NOK 33.3bNOK 40.1b-NOK 701,837,842.3022.9x-47.4x0.8x
Fri, 10 May 2024NOK 32.9bNOK 40.1b-NOK 692,862,881.7222.8x-47.4x0.8x
Sun, 07 Apr 2024NOK 35.7bNOK 41.9bNOK 743.0m110.3x48x0.9x
Tue, 05 Mar 2024NOK 34.1bNOK 41.9bNOK 747.0m107x45.7x0.8x
Thu, 01 Feb 2024NOK 33.6bNOK 44.1bNOK 2.2b14.4x15.5x0.8x
Sat, 30 Dec 2023NOK 32.3bNOK 44.1bNOK 2.2b13.8x15x0.7x
Mon, 27 Nov 2023NOK 30.2bNOK 44.1bNOK 2.1b13.1x14.1x0.7x
Wed, 25 Oct 2023NOK 28.0bNOK 47.5bNOK 5.6b9.6x5x0.6x
Fri, 22 Sep 2023NOK 31.9bNOK 47.5bNOK 5.6b10x5.7x0.7x
Sun, 20 Aug 2023NOK 31.4bNOK 47.4bNOK 5.6b9.6x5.6x0.7x
Tue, 18 Jul 2023NOK 31.7bNOK 47.2bNOK 5.6b10x5.7x0.7x
Thu, 15 Jun 2023NOK 37.0bNOK 50.4bNOK 8.5b11x4.4x0.7x
Sat, 13 May 2023NOK 39.4bNOK 50.4bNOK 8.5b11.6x4.6x0.8x
Mon, 10 Apr 2023NOK 41.5bNOK 52.1bNOK 10.2b10.7x4.1x0.8x
Wed, 08 Mar 2023NOK 44.0bNOK 52.1bNOK 10.2b10.9x4.3x0.8x
Fri, 03 Feb 2023NOK 42.5bNOK 51.8bNOK 11.2b11.9x3.8x0.8x
Sun, 01 Jan 2023NOK 39.4bNOK 51.8bNOK 11.2b10.4x3.5x0.8x
Price to Earnings Ratio

3.5x


Total Market Cap: NOK 39.4bTotal Earnings: NOK 11.2bTotal Revenue: NOK 51.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Specialty Chemicals Industry Price to Earnings3Y Average 67.3x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Specialty 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 31.5x which is lower than its 3-year average PE of 67.2x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Specialty Chemicals industry have declined 52% per year over the last three years,
  • Revenues have also declined 22% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Norwegian Specialty Chemicals compare with similar industries?

NO Market1.89%
Materials3.17%
Chemicals3.75%
Specialty Chemicals2.14%
Fertilizers and Agricultural Chemicals4.41%
Commodity Chemicals2.36%
Industrial Gases0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ELK ElkemNOK 29.501.4%
+NOK 253.7m		70.6%PE38.6x
BRG BorregaardNOK 196.000.7%
+NOK 139.6m		10.0%PE23.6x

Latest News

ABTEC
NOK 0.46
Aqua Bio Technology
7D
-6.2%
1Y
-79.8%
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.
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%