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Norwegian (OSEAX) Specialty Chemicals Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies4
  • 7D10.0%
  • 3M3.9%
  • 1Y3.9%
  • YTDn/a

In the last week, the Specialty Chemicals industry is up 10%, with all of the companies up. In the last 12 months, the industry was up 3.9%. Looking forward, earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026NOK 37.6bNOK 24.5bNOK 826.4m45.3x45.5x1.5x
Tue, 20 Jan 2026NOK 39.4bNOK 24.8bNOK 1.2b31x32x1.6x
Thu, 18 Dec 2025NOK 38.9bNOK 24.8bNOK 1.2b30.7x31.6x1.6x
Sat, 15 Nov 2025NOK 36.1bNOK 24.8bNOK 1.2b28.5x29.3x1.5x
Mon, 13 Oct 2025NOK 37.2bNOK 25.0bNOK 1.5b23.2x25.1x1.5x
Wed, 10 Sep 2025NOK 37.7bNOK 25.0bNOK 1.5b23.2x25.5x1.5x
Fri, 08 Aug 2025NOK 36.6bNOK 25.0bNOK 1.5b22.5x24.8x1.5x
Sun, 06 Jul 2025NOK 36.4bNOK 25.4bNOK 2.9b15.1x12.6x1.4x
Tue, 03 Jun 2025NOK 32.1bNOK 25.4bNOK 2.9b13.6x11.1x1.3x
Thu, 01 May 2025NOK 30.5bNOK 25.7bNOK 2.7b13.7x11.1x1.2x
Sat, 29 Mar 2025NOK 31.7bNOK 25.8bNOK 2.7b13.6x11.6x1.2x
Mon, 24 Feb 2025NOK 35.8bNOK 25.8bNOK 2.7b15.6x13.1x1.4x
Wed, 22 Jan 2025NOK 30.5bNOK 39.6bNOK 698.2m126.9x43.7x0.8x
Fri, 20 Dec 2024NOK 29.5bNOK 39.6bNOK 695.2m128x42.4x0.7x
Sun, 17 Nov 2024NOK 30.8bNOK 39.6bNOK 610.2m135.8x50.4x0.8x
Tue, 15 Oct 2024NOK 35.4bNOK 39.4bNOK 50.9m25.6x696.3x0.9x
Thu, 12 Sep 2024NOK 31.2bNOK 39.4bNOK 45.7m24.3x683x0.8x
Sat, 10 Aug 2024NOK 32.8bNOK 39.4bNOK 72.0m23.5x455.3x0.8x
Mon, 08 Jul 2024NOK 33.4bNOK 40.1b-NOK 700,813,437.5022.7x-47.7x0.8x
Wed, 05 Jun 2024NOK 33.5bNOK 40.1b-NOK 701,115,764.9922.5x-47.8x0.8x
Fri, 03 May 2024NOK 32.4bNOK 40.1b-NOK 694,432,936.6022.4x-46.7x0.8x
Sun, 31 Mar 2024NOK 34.0bNOK 41.9bNOK 741.2m104.7x45.8x0.8x
Tue, 27 Feb 2024NOK 32.1bNOK 41.9bNOK 747.3m95.2x43x0.8x
Thu, 25 Jan 2024NOK 32.4bNOK 44.1bNOK 2.2b13.7x15x0.7x
Sat, 23 Dec 2023NOK 30.8bNOK 44.1bNOK 2.1b13.1x14.3x0.7x
Mon, 20 Nov 2023NOK 30.5bNOK 44.1bNOK 2.1b13.3x14.2x0.7x
Wed, 18 Oct 2023NOK 29.3bNOK 47.5bNOK 5.6b9.6x5.2x0.6x
Fri, 15 Sep 2023NOK 31.1bNOK 47.5bNOK 5.6b9.7x5.5x0.7x
Sun, 13 Aug 2023NOK 33.1bNOK 47.4bNOK 5.6b10x5.9x0.7x
Tue, 11 Jul 2023NOK 33.7bNOK 50.4bNOK 8.5b9.9x4x0.7x
Thu, 08 Jun 2023NOK 37.2bNOK 50.4bNOK 8.5b11.3x4.4x0.7x
Sat, 06 May 2023NOK 39.2bNOK 50.4bNOK 8.5b11.3x4.6x0.8x
Mon, 03 Apr 2023NOK 41.8bNOK 52.1bNOK 10.2b11x4.1x0.8x
Wed, 01 Mar 2023NOK 44.3bNOK 52.1bNOK 10.2b11.1x4.4x0.9x
Price to Earnings Ratio

4.4x


Total Market Cap: NOK 44.3bTotal Earnings: NOK 10.2bTotal Revenue: NOK 52.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Specialty Chemicals Industry Price to Earnings3Y Average 68.9x202420252026
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 45.5x which is lower than its 3-year average PE of 68.8x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Specialty Chemicals industry have declined 57% 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 Market3.13%
Materials1.72%
Chemicals4.12%
Specialty Chemicals10.03%
Fertilizers and Agricultural Chemicals2.55%
Industrial Gases0%0
Commodity Chemicals-0.67%
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 29.3217.3%
+NOK 2.7b		24.0%PE61.8x
BRG BorregaardNOK 179.403.7%
+NOK 638.5m		-8.5%PE28.9x
TEKNA Tekna HoldingNOK 3.984.2%
+NOK 36.4m		-28.9%PS3.7x
MVW M Vest WaterNOK 6.107.4%
+NOK 14.8m		-41.9%PS8.1x
ABTEC Aqua Bio TechnologyNOK 0.1718.2%
+NOK 4.3m		-91.6%PS0.3x

Latest News

TEKNA
NOK 3.98
Tekna Holding
7D
4.2%
1Y
-28.9%
MVW
NOK 6.10
M Vest Water
7D
7.4%
1Y
-41.9%
ABTEC
NOK 0.17
Aqua Bio Technology
7D
18.2%
1Y
-91.6%
ELK
NOK 29.32
Elkem
7D
17.3%
1Y
24.0%

ELK: Safety Reforms After Saint Fons Incident Will Support Upbeat Outlook

Narrative Update on Elkem Analysts have kept their fair value estimate for Elkem steady at NOK 31.85. They explain the unchanged price target by slightly adjusting their assumptions for discount rate, revenue growth, profit margin and future P/E expectations, rather than changing their overall view of the company’s valuation.
BRG
NOK 179.40
Borregaard
7D
3.7%
1Y
-8.5%

BRG: Dividend Policy And Higher Margins Will Support Future Fair Value

Analysts have reduced their fair value estimate for Borregaard from NOK 211.40 to NOK 200.00, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E following recent research, including a downgrade from SEB Equities. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value of NOK 200.00 as still implying room for execution on revenue growth and margins, even after accounting for a higher discount rate and more cautious P/E assumptions.