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Norwegian (OSEAX) Utilities Sector Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies9
  • 7D-11.4%
  • 3M-7.5%
  • 1Y10.4%
  • YTD-4.0%

Over the last 7 days, the Utilities industry has dropped 10%, driven by Scatec declining 15%. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 48% per annum.

Sector Valuation and Performance

Has the Norwegian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026NOK 26.6bNOK 16.3bNOK 100.0m21x266.3x1.6x
Mon, 06 Apr 2026NOK 31.7bNOK 17.1bNOK 1.0b23.5x31.5x1.9x
Wed, 04 Mar 2026NOK 28.0bNOK 17.0bNOK 1.1b22x26x1.6x
Fri, 30 Jan 2026NOK 29.4bNOK 16.4bNOK 1.0b18x29.2x1.8x
Sun, 28 Dec 2025NOK 26.9bNOK 16.4bNOK 998.4m16.9x26.9x1.6x
Tue, 25 Nov 2025NOK 25.1bNOK 16.4bNOK 999.4m15x25.2x1.5x
Thu, 23 Oct 2025NOK 25.2bNOK 16.1bNOK 2.5b9.7x9.9x1.6x
Sat, 20 Sep 2025NOK 24.4bNOK 16.1bNOK 2.5b9.5x9.6x1.5x
Mon, 18 Aug 2025NOK 24.6bNOK 16.9bNOK 2.4b12.9x10.4x1.5x
Wed, 16 Jul 2025NOK 25.6bNOK 16.9bNOK 2.7b12.5x9.6x1.5x
Fri, 13 Jun 2025NOK 23.6bNOK 16.9bNOK 2.7b11.5x8.9x1.4x
Sun, 11 May 2025NOK 23.5bNOK 18.2bNOK 2.7b10.9x8.6x1.3x
Tue, 08 Apr 2025NOK 19.9bNOK 17.5bNOK 1.9b9.9x10.5x1.1x
Thu, 06 Mar 2025NOK 20.5bNOK 17.4bNOK 1.9b9.7x10.7x1.2x
Sat, 01 Feb 2025NOK 21.6bNOK 19.3bNOK 2.2b9.1x9.8x1.1x
Mon, 30 Dec 2024NOK 22.6bNOK 19.3bNOK 2.2b10x10.3x1.2x
Wed, 27 Nov 2024NOK 22.1bNOK 19.3bNOK 2.2b10x10.1x1.1x
Fri, 25 Oct 2024NOK 22.6bNOK 19.8bNOK 555.9m17.1x40.6x1.1x
Sun, 22 Sep 2024NOK 20.3bNOK 19.7bNOK 272.4m30.6x74.7x1x
Tue, 20 Aug 2024NOK 21.0bNOK 19.8bNOK 470.1m31.1x44.7x1.1x
Thu, 18 Jul 2024NOK 21.3bNOK 20.9bNOK 836.0m20.1x25.4x1x
Sat, 15 Jun 2024NOK 21.1bNOK 20.9bNOK 836.6m18.6x25.2x1x
Mon, 13 May 2024NOK 19.4bNOK 20.9bNOK 939.3m17.5x20.7x0.9x
Wed, 10 Apr 2024NOK 19.4bNOK 23.1bNOK 864.8m19.1x22.5x0.8x
Fri, 08 Mar 2024NOK 17.6bNOK 23.3bNOK 783.7m17.1x22.5x0.8x
Sun, 04 Feb 2024NOK 19.4bNOK 26.9bNOK 824.2m19.5x23.5x0.7x
Tue, 02 Jan 2024NOK 20.6bNOK 26.8bNOK 24.3m31.1x850.9x0.8x
Thu, 30 Nov 2023NOK 17.5bNOK 26.8bNOK 10.7m24.8x1632.8x0.7x
Sat, 28 Oct 2023NOK 15.5bNOK 30.4bNOK 272.3m262.2x56.9x0.5x
Mon, 25 Sep 2023NOK 17.0bNOK 30.4bNOK 276.0m301.9x61.7x0.6x
Wed, 23 Aug 2023NOK 17.4bNOK 30.5bNOK 288.2m323.5x60.3x0.6x
Fri, 21 Jul 2023NOK 19.9bNOK 31.0b-NOK 296,940,303.0025.7x-67x0.6x
Sun, 18 Jun 2023NOK 18.6bNOK 30.9b-NOK 303,933,391.0022.9x-61.1x0.6x
Tue, 16 May 2023NOK 18.5bNOK 30.9b-NOK 325,848,692.0021x-56.8x0.6x
Price to Earnings Ratio

-56.8x


Total Market Cap: NOK 18.5bTotal Earnings: -NOK 325,848,692.00Total Revenue: NOK 30.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Utilities Sector Price to Earnings3Y Average 92.2x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 248x which is higher than its 3-year average PE of 92.0x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Utilities industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 19% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Norwegian Utilities sector?

NO Market-2.98%
Utilities-11.42%
Electric Utilities-9.66%
Renewable Energy-11.69%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 1.1x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings decline of 39.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 64% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 23% 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
ENERG EnergeiaNOK 6.883.0%
+NOK 1.9m		-6.7%PS1.2x
MPCES MPC Energy SolutionsNOK 13.100.4%
+NOK 1.1m		37.0%PS7.5x

Latest News

MGN
NOK 30.00
Magnora
7D
-0.5%
1Y
27.4%
MPCES
NOK 13.10
MPC Energy Solutions
7D
0.4%
1Y
37.0%
SCATC
NOK 102.20
Scatec
7D
-15.2%
1Y
20.0%
ELMRA
NOK 31.30
Elmera Group
7D
-9.8%
1Y
-11.8%
SKAND
NOK 1.77
Skandia GreenPower
7D
-7.3%
1Y
8.3%
CLOUD
NOK 12.82
Cloudberry Clean Energy
7D
-2.4%
1Y
3.1%
EAM
NOK 1.94
EAM Solar
7D
-10.6%
1Y
-89.5%
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ENERG
NOK 6.88
Energeia
7D
3.0%
1Y
-6.7%
NOFIN
NOK 1.86
Nordic Financials
7D
-4.1%
1Y
-59.1%