Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Danish (OMX) Market Analysis & Valuation

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies132
  • 7D-6.4%
  • 3M4.9%
  • 1Y-22.9%
  • YTD0.1%

Over the last 7 days, the market has dropped 6.4%, driven by a decline of 15% in the Healthcare sector. Meanwhile, the Consumer Staples sector has outperformed, gaining 8.3% in that time. In the last 12 months the market is down 23%. As for the next few years, earnings are expected to grow by 5.7% per annum.

Trending IndustriesBiotech

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026DKK 4.2tDKK 2.0tDKK 241.8b16.8x17.3x2.1x
Thu, 08 Jan 2026DKK 4.4tDKK 2.0tDKK 260.9b16.5x16.9x2.3x
Sat, 06 Dec 2025DKK 4.0tDKK 2.0tDKK 261.7b14.3x15.5x2.1x
Mon, 03 Nov 2025DKK 4.0tDKK 2.0tDKK 286.6b15x13.8x2x
Wed, 01 Oct 2025DKK 3.9tDKK 1.9tDKK 287.2b14.7x13.5x2x
Fri, 29 Aug 2025DKK 4.1tDKK 1.9tDKK 287.1b15.2x14.1x2.1x
Sun, 27 Jul 2025DKK 4.5tDKK 1.9tDKK 261.4b16x17.3x2.4x
Tue, 24 Jun 2025DKK 4.4tDKK 1.9tDKK 262.5b14.8x16.8x2.4x
Thu, 22 May 2025DKK 4.5tDKK 1.9tDKK 266.5b15.9x17.1x2.4x
Sat, 19 Apr 2025DKK 4.2tDKK 1.9tDKK 258.7b13.8x16.1x2.2x
Mon, 17 Mar 2025DKK 4.9tDKK 1.9tDKK 260.6b14.7x18.7x2.6x
Wed, 12 Feb 2025DKK 5.2tDKK 1.9tDKK 261.0b13.8x19.9x2.7x
Fri, 10 Jan 2025DKK 5.3tDKK 1.8tDKK 238.6b13.8x22.2x2.9x
Sun, 08 Dec 2024DKK 6.0tDKK 1.8tDKK 237.7b14.2x25.4x3.3x
Tue, 05 Nov 2024DKK 5.9tDKK 1.8tDKK 205.0b14.5x29x3.3x
Thu, 03 Oct 2024DKK 6.1tDKK 1.7tDKK 180.1b15.4x33.9x3.5x
Sat, 31 Aug 2024DKK 6.7tDKK 1.7tDKK 180.1b15.3x37.4x3.9x
Mon, 29 Jul 2024DKK 6.4tDKK 1.7tDKK 185.6b15.7x34.7x3.7x
Wed, 26 Jun 2024DKK 7.1tDKK 1.7tDKK 184.8b15.3x38.5x4.1x
Fri, 24 May 2024DKK 6.7tDKK 1.7tDKK 184.7b15.3x36.5x3.9x
Sun, 21 Apr 2024DKK 6.3tDKK 1.7tDKK 192.9b15.2x32.7x3.7x
Tue, 19 Mar 2024DKK 6.6tDKK 1.7tDKK 192.1b13.9x34.1x3.8x
Thu, 15 Feb 2024DKK 6.3tDKK 1.7tDKK 190.5b13.5x32.8x3.6x
Sat, 13 Jan 2024DKK 5.8tDKK 1.8tDKK 216.6b13.6x26.6x3.2x
Mon, 11 Dec 2023DKK 5.3tDKK 1.8tDKK 217.7b13.5x24.4x3x
Wed, 08 Nov 2023DKK 5.3tDKK 1.8tDKK 217.9b12.5x24.4x3x
Fri, 06 Oct 2023DKK 5.1tDKK 1.9tDKK 285.4b13.1x18x2.7x
Sun, 03 Sep 2023DKK 5.4tDKK 1.9tDKK 283.9b13.4x18.9x2.9x
Tue, 01 Aug 2023DKK 5.1tDKK 1.9tDKK 322.8b13.5x15.7x2.6x
Thu, 29 Jun 2023DKK 4.9tDKK 1.9tDKK 322.4b13.6x15.3x2.5x
Sat, 27 May 2023DKK 5.2tDKK 1.9tDKK 326.6b14.4x15.9x2.7x
Mon, 24 Apr 2023DKK 5.1tDKK 1.9tDKK 343.1b15.2x15x2.7x
Wed, 22 Mar 2023DKK 4.7tDKK 1.9tDKK 346.1b13.4x13.7x2.5x
Fri, 17 Feb 2023DKK 4.7tDKK 1.9tDKK 347.2b14.1x13.7x2.5x
Price to Earnings Ratio

13.7x


Total Market Cap: DKK 4.7tTotal Earnings: DKK 347.2bTotal Revenue: DKK 1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Market Price to Earnings3Y Average 22.3x202420252026
Current Market PE
  • Investors are pessimistic on the Danish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 17.3x which is lower than its 3-year average PE of 22.3x.
Past Earnings Growth
  • The earnings for Danish listed companies have declined 11% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Danish Market?

DK Market-6.39%
Consumer Staples8.27%
Telecom5.45%
Utilities3.90%
Financials2.80%
Energy2.72%
Materials-0.21%
Industrials-0.44%
Real Estate-1.67%
Tech-4.15%
Consumer Discretionary-5.07%
Healthcare-14.66%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • This is likely because analysts are expecting annual earnings growth of 25.8% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 21% 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
DSV DSVDKK 1.89k5.9%
+DKK 27.4b		32.4%PE53.4xIndustrials
CARL B CarlsbergDKK 976.6011.2%
+DKK 13.0b		22.8%PE21.7xConsumer Staples
DANSKE Danske BankDKK 342.804.4%
+DKK 12.0b		47.2%PB1.5xFinancials
ORSTED ØrstedDKK 149.153.9%
+DKK 7.4b		-50.1%PE114.1xUtilities
FLS FLSmidthDKK 609.009.1%
+DKK 2.7b		63.4%PE24.1xIndustrials
See more

Market Insights

Header cover image
Why alternative investments are making a splash 🖼️
Richard Bowman avatar
Richard Bowman
|
|
Is it the time to invest in alternatives? Here's how you can get exposure.
Continue reading
Why longer lifespans could reshape portfolios 🧓
Last Week

Why longer lifespans could reshape portfolios 🧓

Latest News

DANSKE
DKK 342.80
Danske Bank
7D
4.4%
1Y
47.2%

Danske Bank's (CPH:DANSKE) Dividend Will Be Increased To DKK22.72

Feb 10
Danske Bank's (CPH:DANSKE) Dividend Will Be Increased To DKK22.72
VWS
DKK 164.60
Vestas Wind Systems
7D
-16.6%
1Y
59.7%

Here's What Analysts Are Forecasting For Vestas Wind Systems A/S (CPH:VWS) After Its Annual Results

Feb 09
Here's What Analysts Are Forecasting For Vestas Wind Systems A/S (CPH:VWS) After Its Annual Results
FLS
DKK 609.00
FLSmidth
7D
9.1%
1Y
63.4%

FLS: March Capital Markets Day Will Test Recently Elevated Expectations

Analysts have raised their price target on FLSmidth from about DKK 500 to around DKK 515, pointing to recent research that highlights the upcoming March capital markets day as a key near term catalyst despite the Q3 miss. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price targets, such as the move to DKK 540 from DKK 510, as a sign that they see room for improved valuation despite the recent Q3 miss.
PNDORA
DKK 536.60
Pandora
7D
6.4%
1Y
-59.4%

Pandora (CPH:PNDORA) Is Increasing Its Dividend To DKK22.00

Feb 09
Pandora (CPH:PNDORA) Is Increasing Its Dividend To DKK22.00
DEMANT
DKK 183.40
Demant
7D
-17.5%
1Y
-31.5%

DEMANT: Future Margin Resilience And Cautious Ratings May Support Upside Potential

Analysts have trimmed their price targets on Demant by about DKK 28, reflecting updated assumptions for slightly higher revenue growth, a lower future P/E multiple, and a modestly softer profit margin, in line with recent cautious moves from several major banks and a Sector Perform stance from RBC Capital. Analyst Commentary Recent research updates on Demant point to a broadly cautious tone, with several banks adjusting price targets and at least one downgrade in rating.
HLUN B
DKK 38.50
H. Lundbeck
7D
-9.6%
1Y
-10.2%

HLUN B: Weaker Long Term Revenue And Margin Outlook Will Pressure Shares

Analysts have reduced their price target on H. Lundbeck from €39.00 to €34.00, citing updated assumptions for revenue growth, profit margins, and a slightly higher discount rate, while keeping the forward P/E outlook broadly similar.
MAERSK B
DKK 15,210.00
A.P. Møller - Mærsk
7D
-4.2%
1Y
30.8%

MAERSK B: Margin Pressure And Transport Cycle Weakness Will Cap Share Upside

Analysts have trimmed their fair value estimate for A.P. Møller - Mærsk from DKK 8,478.71 to about DKK 7,978.98. This reflects a mix of recent target cuts and upgrades as they factor in softer margins, a slightly smaller expected revenue decline, a higher discount rate, and a very high future P/E assumption from recent research.
NOVO B
DKK 311.00
Novo Nordisk
7D
-16.6%
1Y
-49.5%

Novo Nordisk (CPH:NOVO B) Is Paying Out A Larger Dividend Than Last Year

Feb 08
Novo Nordisk (CPH:NOVO B) Is Paying Out A Larger Dividend Than Last Year
CHEMM
DKK 407.00
ChemoMetec
7D
-33.6%
1Y
-28.8%

ChemoMetec A/S' (CPH:CHEMM) 40% Cheaper Price Remains In Tune With Earnings

Feb 08
ChemoMetec A/S' (CPH:CHEMM) 40% Cheaper Price Remains In Tune With Earnings
ORSTED
DKK 149.15
Ørsted
7D
3.9%
1Y
-50.1%
JYSK
DKK 978.50
Jyske Bank
7D
4.2%
1Y
83.8%
COLO B
DKK 481.00
Coloplast
7D
-10.4%
1Y
-38.6%
DSV
DKK 1,886.00
DSV
7D
5.9%
1Y
32.4%
CARL B
DKK 976.60
Carlsberg
7D
11.2%
1Y
22.8%
GMAB
DKK 1,931.50
Genmab
7D
-7.6%
1Y
41.2%

GMAB: Phase 3 Data, AI Adoption And 2026 Readout Will Shape Outlook

Genmab’s analyst fair value estimate has moved modestly higher to DKK 2,188.94. Analysts point to updated assumptions around slightly lower discount rates, adjusted revenue growth and profit margin expectations, and a recalibrated future P/E multiple as the key drivers behind the refreshed price targets.
KBHL
DKK 6,560.00
Københavns Lufthavne
7D
4.5%
1Y
2.8%