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Norwegian (OSEAX) Utilities Sector Analysis

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies8
  • 7D1.2%
  • 3M21.4%
  • 1Y3.9%
  • YTD8.1%

Over the last 7 days, the Utilities industry has risen 1.2%, driven by gains from Scatec of 1.7%. This takes the industry's 12 month performance to a gain of 3.9%. Looking forward, earnings are forecast to decline by 10% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Jul 2025NOK 25.9bNOK 16.9bNOK 2.7b12.1x9.7x1.5x
Mon, 16 Jun 2025NOK 23.4bNOK 16.9bNOK 2.7b11.5x8.8x1.4x
Wed, 14 May 2025NOK 23.7bNOK 18.2bNOK 2.7b10.5x8.7x1.3x
Fri, 11 Apr 2025NOK 20.3bNOK 17.5bNOK 1.9b10.3x10.7x1.2x
Sun, 09 Mar 2025NOK 20.4bNOK 17.4bNOK 1.9b9.7x10.8x1.2x
Tue, 04 Feb 2025NOK 21.6bNOK 21.5bNOK 1.6b10.2x13.4x1x
Thu, 02 Jan 2025NOK 22.7bNOK 19.3bNOK 2.2b9.9x10.3x1.2x
Sat, 30 Nov 2024NOK 22.5bNOK 19.3bNOK 2.2b9.9x10.2x1.2x
Mon, 28 Oct 2024NOK 22.6bNOK 19.8bNOK 569.0m17.4x39.8x1.1x
Wed, 25 Sep 2024NOK 20.4bNOK 19.7bNOK 273.5m30.3x74.7x1x
Fri, 23 Aug 2024NOK 20.3bNOK 19.6bNOK 263.3m38.9x77.2x1x
Sun, 21 Jul 2024NOK 21.4bNOK 20.9bNOK 834.2m19.9x25.6x1x
Tue, 18 Jun 2024NOK 21.2bNOK 20.9bNOK 837.6m18.5x25.3x1x
Thu, 16 May 2024NOK 19.0bNOK 20.9bNOK 940.7m17.3x20.2x0.9x
Sat, 13 Apr 2024NOK 18.9bNOK 23.1bNOK 862.8m18.7x21.9x0.8x
Mon, 11 Mar 2024NOK 17.9bNOK 23.3bNOK 783.5m17.3x22.8x0.8x
Wed, 07 Feb 2024NOK 18.5bNOK 26.9bNOK 824.6m18.5x22.4x0.7x
Fri, 05 Jan 2024NOK 19.1bNOK 26.8bNOK 23.0m29.7x829x0.7x
Sun, 03 Dec 2023NOK 17.8bNOK 26.8bNOK 19.3m25.5x922.7x0.7x
Tue, 31 Oct 2023NOK 15.3bNOK 30.5bNOK 266.4m257x57.3x0.5x
Thu, 28 Sep 2023NOK 16.3bNOK 30.4bNOK 276.6m276.7x58.9x0.5x
Sat, 26 Aug 2023NOK 17.8bNOK 30.5bNOK 287.6m333.5x62x0.6x
Mon, 24 Jul 2023NOK 19.8bNOK 31.0b-NOK 296,769,963.0026x-66.8x0.6x
Wed, 21 Jun 2023NOK 19.2bNOK 30.9b-NOK 305,083,245.0023.2x-63x0.6x
Fri, 19 May 2023NOK 18.9bNOK 30.9b-NOK 328,454,567.0021.7x-57.5x0.6x
Sun, 16 Apr 2023NOK 18.5bNOK 29.8b-NOK 1,414,442,909.0026x-13.1x0.6x
Tue, 14 Mar 2023NOK 15.9bNOK 29.8b-NOK 1,393,728,499.0022.7x-11.4x0.5x
Thu, 09 Feb 2023NOK 19.8bNOK 27.6b-NOK 1,229,155,420.0032.2x-16.1x0.7x
Sat, 07 Jan 2023NOK 19.7bNOK 27.6b-NOK 718,340,218.0032.1x-27.4x0.7x
Mon, 05 Dec 2022NOK 21.3bNOK 27.6b-NOK 713,346,180.0036.6x-29.9x0.8x
Wed, 02 Nov 2022NOK 19.0bNOK 23.6b-NOK 814,298,034.0033.9x-23.4x0.8x
Fri, 30 Sep 2022NOK 19.8bNOK 23.5b-NOK 883,492,367.005.5x-22.4x0.8x
Sun, 28 Aug 2022NOK 25.4bNOK 23.3b-NOK 868,875,544.008.1x-29.3x1.1x
Tue, 26 Jul 2022NOK 24.8bNOK 21.6b-NOK 621,588,442.0011.1x-39.9x1.1x
Price to Earnings Ratio

-39.9x


Total Market Cap: NOK 24.8bTotal Earnings: -NOK 621,588,442.00Total Revenue: NOK 21.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Utilities Sector Price to Earnings3Y Average 80x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Utilities 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 9.7x which is lower than its 3-year average PE of 80.0x.
  • The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.5x.
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 7.8% 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-0.61%
Utilities1.21%
Renewable Energy1.87%
Electric Utilities-2.34%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 1.5x.
    • Analysts are expecting annual earnings growth of 9.3%, which is lower than the prior year's growth of 51.3% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 48.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 9.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 51% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 14% 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
SCATC ScatecNOK 100.001.7%
+NOK 262.2m		15.7%PE7.3x
CLOUD Cloudberry Clean EnergyNOK 13.405.0%
+NOK 203.1m		19.9%PE59.1x
SKAND Skandia GreenPowerNOK 1.834.9%
+NOK 10.2m		66.7%PE13.3x
MPCES MPC Energy SolutionsNOK 10.800.5%
+NOK 1.1m		-12.9%PS2x

Latest News

SKAND
NOK 1.83
Skandia GreenPower
7D
4.9%
1Y
66.7%

Skandia GreenPower AS' (OB:SKAND) Shares Bounce 31% But Its Business Still Trails The Industry

Jul 18
Skandia GreenPower AS' (OB:SKAND) Shares Bounce 31% But Its Business Still Trails The Industry
ALT
NOK 0.19
Alternus Energy Group
7D
-4.8%
1Y
-93.3%
SCATC
NOK 100.00
Scatec
7D
1.7%
1Y
15.7%
MGN
NOK 23.50
Magnora
7D
-2.9%
1Y
-24.2%
EAM
NOK 1.88
EAM Solar
7D
-17.7%
1Y
-95.1%
ENERG
NOK 0.096
Energeia
7D
-11.1%
1Y
-90.2%
NOFIN
NOK 0.015
Nordic Financials
7D
-5.0%
1Y
-99.1%
ELMRA
NOK 33.70
Elmera Group
7D
-2.7%
1Y
-3.7%
CLOUD
NOK 13.40
Cloudberry Clean Energy
7D
5.0%
1Y
19.9%
MPCES
NOK 10.80
MPC Energy Solutions
7D
0.5%
1Y
-12.9%