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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies327
  • 7D0.3%
  • 3M3.7%
  • 1Y6.0%
  • YTD1.5%

In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 9.5%. As for the longer term, the market has risen 6.0% in the past 12 months. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Norwegian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024kr4.0tkr3.4tkr279.6b11.5x14.2x1.2x
Sat, 30 Mar 2024kr3.9tkr3.4tkr303.7b11.7x13x1.2x
Mon, 26 Feb 2024kr3.8tkr3.3tkr267.6b11.7x14.1x1.1x
Wed, 24 Jan 2024kr3.9tkr3.5tkr349.3b11.1x11.3x1.1x
Fri, 22 Dec 2023kr4.0tkr3.5tkr345.9b10.5x11.6x1.1x
Sun, 19 Nov 2023kr4.0tkr3.6tkr357.9b10.2x11.3x1.1x
Tue, 17 Oct 2023kr4.1tkr3.8tkr424.0b10.7x9.7x1.1x
Thu, 14 Sep 2023kr4.0tkr3.8tkr415.3b10.7x9.6x1.1x
Sat, 12 Aug 2023kr3.9tkr3.7tkr409.6b11.5x9.6x1.1x
Mon, 10 Jul 2023kr3.8tkr3.8tkr499.7b11.1x7.6x1x
Wed, 07 Jun 2023kr3.8tkr3.9tkr521.2b11.4x7.4x1x
Fri, 05 May 2023kr3.8tkr3.8tkr552.6b11.5x6.9x1x
Sun, 02 Apr 2023kr3.9tkr3.8tkr544.4b11.6x7.1x1x
Tue, 28 Feb 2023kr4.1tkr3.7tkr577.7b11.6x7x1.1x
Thu, 26 Jan 2023kr3.9tkr3.6tkr488.0b11.3x8x1.1x
Sat, 24 Dec 2022kr4.0tkr3.6tkr485.0b11.5x8.3x1.1x
Mon, 21 Nov 2022kr4.0tkr3.6tkr493.0b11.1x8x1.1x
Wed, 19 Oct 2022kr3.9tkr3.4tkr392.2b12x9.8x1.1x
Fri, 16 Sep 2022kr4.1tkr3.3tkr379.1b12.7x10.8x1.2x
Sun, 14 Aug 2022kr4.2tkr3.1tkr341.1b12.6x12.4x1.3x
Tue, 12 Jul 2022kr4.0tkr3.0tkr300.3b12x13.4x1.3x
Thu, 09 Jun 2022kr4.2tkr2.9tkr284.8b13.3x14.8x1.5x
Sat, 07 May 2022kr4.1tkr2.9tkr237.5b14.3x17.1x1.4x
Mon, 04 Apr 2022kr4.2tkr2.5tkr195.6b14.8x21.7x1.7x
Wed, 02 Mar 2022kr4.1tkr2.5tkr201.6b13.8x20.2x1.6x
Fri, 28 Jan 2022kr3.9tkr2.2tkr153.3b15.1x25.6x1.8x
Sun, 26 Dec 2021kr3.7tkr2.1tkr128.3b14.8x28.6x1.7x
Tue, 23 Nov 2021kr4.0tkr2.2tkr150.7b14.6x26.5x1.8x
Thu, 21 Oct 2021kr3.9tkr2.0tkr115.8b13.5x33.7x2x
Sat, 18 Sep 2021kr3.6tkr2.0tkr117.9b13.6x30.9x1.8x
Mon, 16 Aug 2021kr3.6tkr2.0tkr116.0b12.6x31x1.8x
Mon, 31 May 2021kr3.1tkr1.8tkr46.0b14.5x67.1x1.7x
Price to Earnings Ratio

65.7x


Total Market Cap: kr3.0tTotal Earnings: kr46.2bTotal Revenue: kr1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 33.7x202220232024
Current Market PE
  • Investors are pessimistic on the Norwegian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 14.2x which is lower than its 3-year average PE of 33.7x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 82% per year over the last three years.
  • Revenues for these companies have grown 24% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Norwegian Market?

NO Market0.35%
Utilities9.52%
Consumer Staples3.81%
Tech2.32%
Healthcare1.38%
Real Estate1.24%
Energy0.62%
Industrials0.099%
Telecom-0.44%
Materials-0.66%
Financials-1.62%
Consumer Discretionary-4.85%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 42.4% which is higher than its past year's earnings decline of 7.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 85% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
KOG Kongsberg Gruppenkr786.004.1%
+kr5.5b		65.1%PE33.8xIndustrials
WAWI Wallenius Wilhelmsenkr112.606.0%
+kr2.7b		79.3%PE5.1xIndustrials
HAUTO Höegh Autolinerskr117.2012.7%
+kr2.5b		89.0%PE3.4xIndustrials
MOWI Mowikr195.952.5%
+kr2.5b		-0.3%PE19.2xConsumer Staples
NHY Norsk Hydrokr68.901.6%
+kr2.2b		-8.1%PE42.4xMaterials
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kr127.90

Telenor

7D

1.1%

1Y

-0.4%

KOG

kr786.00

Kongsberg Gruppen

7D

4.1%

1Y

65.1%

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kr195.95

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7D

2.5%

1Y

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WAWI

kr112.60

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7D

6.0%

1Y

79.3%

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kr137.70

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-7.1%

1Y

-16.8%

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AKRBP

kr272.00

Aker BP

7D

-3.8%

1Y

15.4%

VAR

kr36.38

Vår Energi

7D

-1.6%

1Y

39.9%

NHY

kr68.90

Norsk Hydro

7D

1.6%

1Y

-8.1%

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Apr 29
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AUTO

kr16.00

AutoStore Holdings

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4.0%

1Y

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ADE

kr113.40

Adevinta

7D

-0.7%

1Y

43.2%

HAUTO

kr117.20

Höegh Autoliners

7D

12.7%

1Y

89.0%

EQNR

kr298.95

Equinor

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1Y

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YAR

kr317.50

Yara International

7D

-6.6%

1Y

-25.6%

DNB

kr194.10

DNB Bank

7D

-6.9%

1Y

6.0%

ORK

kr75.80

Orkla

7D

2.9%

1Y

-0.3%