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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies7
- 7D-0.1%
- 3M-3.6%
- 1Y10.6%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Nordic Financials gained 5.3%. The past year has been better, since the industry has gained 11% in that time. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Norwegian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Dec 2025 | NOK 21.8b | NOK 4.4b | NOK 681.7m | 49.9x | 32x | 4.9x |
| Wed, 12 Nov 2025 | NOK 22.1b | NOK 4.3b | NOK 688.0m | 49.8x | 32.1x | 5.1x |
| Fri, 10 Oct 2025 | NOK 21.1b | NOK 4.5b | NOK 2.2b | 6.2x | 9.5x | 4.6x |
| Sun, 07 Sep 2025 | NOK 21.3b | NOK 4.6b | NOK 2.2b | 6.2x | 9.5x | 4.7x |
| Tue, 05 Aug 2025 | NOK 20.6b | NOK 5.3b | NOK 2.1b | 7.3x | 10.1x | 3.9x |
| Thu, 03 Jul 2025 | NOK 20.7b | NOK 5.4b | NOK 2.3b | 6.8x | 8.8x | 3.9x |
| Sat, 31 May 2025 | NOK 19.8b | NOK 5.4b | NOK 2.3b | 6.4x | 8.5x | 3.7x |
| Mon, 28 Apr 2025 | NOK 18.3b | NOK 5.0b | NOK 1.5b | 9.6x | 12.2x | 3.6x |
| Wed, 26 Mar 2025 | NOK 17.6b | NOK 5.0b | NOK 1.5b | 9.7x | 11.5x | 3.6x |
| Fri, 21 Feb 2025 | NOK 17.5b | NOK 5.0b | NOK 1.6b | 9.4x | 11.3x | 3.5x |
| Sun, 19 Jan 2025 | NOK 17.9b | NOK 5.0b | NOK 2.0b | 6.2x | 9.2x | 3.5x |
| Tue, 17 Dec 2024 | NOK 18.0b | NOK 5.0b | NOK 2.0b | 6.2x | 9.2x | 3.6x |
| Thu, 14 Nov 2024 | NOK 17.8b | NOK 5.2b | NOK 2.0b | 6x | 9.1x | 3.4x |
| Sat, 12 Oct 2024 | NOK 16.8b | NOK 4.7b | NOK 33.3m | 42.3x | 505x | 3.6x |
| Mon, 09 Sep 2024 | NOK 16.4b | NOK 4.7b | NOK 32.5m | 40.4x | 503.5x | 3.5x |
| Wed, 07 Aug 2024 | NOK 17.6b | NOK 4.4b | NOK 607.5m | 20.6x | 29x | 4x |
| Fri, 05 Jul 2024 | NOK 19.1b | NOK 4.4b | NOK 829.7m | 19.7x | 23x | 4.3x |
| Sun, 02 Jun 2024 | NOK 17.5b | NOK 4.3b | NOK 747.1m | 15.8x | 23.4x | 4x |
| Tue, 30 Apr 2024 | NOK 15.0b | NOK 4.0b | NOK 686.0m | 14.1x | 21.8x | 3.8x |
| Thu, 28 Mar 2024 | NOK 14.9b | NOK 3.9b | NOK 717.0m | 14.4x | 20.8x | 3.8x |
| Sat, 24 Feb 2024 | NOK 13.8b | NOK 4.0b | NOK 729.0m | 13.2x | 18.9x | 3.5x |
| Mon, 22 Jan 2024 | NOK 14.2b | NOK 4.0b | NOK 93.2m | 6.5x | 152.2x | 3.5x |
| Wed, 20 Dec 2023 | NOK 16.5b | NOK 4.0b | NOK 95.2m | 6.9x | 172.8x | 4.1x |
| Fri, 17 Nov 2023 | NOK 14.1b | NOK 4.0b | NOK 81.0m | 6.6x | 174.5x | 3.5x |
| Sun, 15 Oct 2023 | NOK 12.4b | NOK 3.7b | NOK 399.8m | 130.1x | 31.1x | 3.3x |
| Tue, 12 Sep 2023 | NOK 14.5b | NOK 3.7b | NOK 401.7m | 158x | 36x | 3.9x |
| Thu, 10 Aug 2023 | NOK 16.6b | NOK 3.6b | -NOK 276,440,055.00 | 13x | -59.9x | 4.7x |
| Sat, 08 Jul 2023 | NOK 16.0b | NOK 3.6b | -NOK 259,169,372.00 | 35.3x | -61.9x | 4.5x |
| Mon, 05 Jun 2023 | NOK 16.2b | NOK 3.5b | -NOK 264,808,313.00 | 15.1x | -61.3x | 4.7x |
| Wed, 03 May 2023 | NOK 14.6b | NOK 3.3b | -NOK 1,373,893,519.00 | 25.3x | -10.6x | 4.4x |
| Fri, 31 Mar 2023 | NOK 14.7b | NOK 3.7b | -NOK 1,439,214,307.00 | 28.6x | -10.2x | 4x |
| Sun, 26 Feb 2023 | NOK 15.6b | NOK 3.7b | -NOK 1,433,882,158.00 | 26.2x | -10.9x | 4.2x |
| Tue, 24 Jan 2023 | NOK 18.6b | NOK 3.6b | -NOK 984,211,084.00 | 58.8x | -18.9x | 5.1x |
| Thu, 22 Dec 2022 | NOK 17.9b | NOK 3.6b | -NOK 981,887,272.00 | 60.5x | -18.2x | 5x |
Price to Earnings Ratio
-18.2x
Current Industry PE
- Investors are pessimistic on the Norwegian Renewable Electricity 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 32.0x which is lower than its 3-year average PE of 52.9x.
- The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.9% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Renewable Energy compare with similar industries?
| NO Market | 0.31% | |
| Utilities | 0.32% | |
| Renewable Energy | -0.14% | |
| Renewable Energy | -0.14% | |
| Independent Power Producers and Energy Traders | 0% | 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NOFIN Nordic Financials | NOK 1.88 | 5.3% +NOK 1.9m | -98.7% | PB1.2x | |
| EAM EAM Solar | NOK 0.89 | 6.0% +NOK 1.0m | -70.8% | PS1.1x |