Tomra weekly sector check, shares in focus among recycling peers

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 12:33.

Tomra Systems ASA (NO0005668905) stands out this week in the recycling and resource optimization segment. Investors are comparing the Oslo-listed group with international waste management peers such as Veolia Environnement and Waste Management Inc. as sector valuations remain mixed.

How Tomra fits the sector

Tomra is listed on the Oslo Stock Exchange under the ticker TOM and is a member of the OBX index, which tracks 25 of the most traded Norwegian shares. The company is often benchmarked against global environmental services players like Veolia, which is part of the CAC 40 in Paris, and Waste Management Inc., listed on the NYSE.

According to a recent sector overview by DNB Markets, Nordic environmental technology companies including Tomra trade at valuation multiples above traditional waste haulers, reflecting higher expected long-term growth from deposit-return and sorting solutions.

Analyst views on Tomra

Market data gathered by MarketScreener shows a dispersed analyst consensus on Tomra, with investment banks such as DNB, Pareto Securities and UBS covering the stock. Several analysts highlight Tomra's exposure to deposit-return systems for beverage containers as a structural driver, but also point to margin pressure from investment in new technology and geographic expansion.

In a broader environmental services note, UBS describes the recycling and resource optimization segment as supported by regulation in Europe and North America, yet sensitive to capital expenditure cycles and municipal budget decisions.

The business behind Tomra

Tomra generates revenue from sensor-based solutions that improve resource recovery in food, recycling and mining. The company’s deposit-return systems for beverage containers are installed in markets such as Germany, Norway and several US states, where regulation mandates collection and recycling rates.

In addition to reverse vending machines, Tomra supplies optical sorting systems for municipal recycling facilities and food-processing plants, helping customers separate materials and products by composition, color and quality.

Where the Tomra shares trade today

Tomra Systems ASA (NO0005668905) shares trade on the Oslo Stock Exchange under the ticker TOM. The latest live-verified price and market data are available directly from the Oslo Børs and Tomra’s investor relations page.

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. All data are based on sources believed to be reliable but may be subject to change. Investors should conduct their own research or consult a licensed financial advisor before making investment decisions.