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

Danish (OMX) Market Analysis & Valuation

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies134
  • 7D1.8%
  • 3M12.3%
  • 1Y-12.9%
  • YTD8.7%

The market has climbed 1.8% in the last 7 days, lead by the Healthcare sector with a gain of 1.7%. In contrast, the Consumer Discretionary sector is lagging, dropping 3.3%. Over the past year the market is down 13%. Earnings are forecast to grow by 6.2% annually.

Trending IndustriesBiotech

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026DKK 4.6tDKK 2.0tDKK 261.2b16.9x17.4x2.3x
Tue, 16 Dec 2025DKK 4.1tDKK 1.9tDKK 260.5b15.1x15.7x2.1x
Thu, 13 Nov 2025DKK 4.1tDKK 2.0tDKK 260.9b15.2x15.6x2.1x
Sat, 11 Oct 2025DKK 4.1tDKK 1.9tDKK 287.8b15.1x14.2x2.1x
Mon, 08 Sep 2025DKK 4.0tDKK 1.9tDKK 287.3b15.1x13.9x2.1x
Wed, 06 Aug 2025DKK 3.8tDKK 1.9tDKK 261.9b15.5x14.5x2x
Fri, 04 Jul 2025DKK 4.4tDKK 1.9tDKK 261.7b15.7x16.7x2.4x
Sun, 01 Jun 2025DKK 4.5tDKK 1.9tDKK 263.6b15.9x17.1x2.4x
Tue, 29 Apr 2025DKK 4.2tDKK 1.9tDKK 258.6b14x16.1x2.2x
Thu, 27 Mar 2025DKK 4.7tDKK 1.9tDKK 261.0b15.4x18x2.5x
Sat, 22 Feb 2025DKK 5.3tDKK 1.9tDKK 264.2b13.9x20.2x2.8x
Mon, 20 Jan 2025DKK 5.0tDKK 1.8tDKK 238.9b13.8x21x2.7x
Wed, 18 Dec 2024DKK 5.9tDKK 1.8tDKK 238.0b13.7x24.8x3.2x
Fri, 15 Nov 2024DKK 5.9tDKK 1.8tDKK 235.9b14.4x24.8x3.2x
Sun, 13 Oct 2024DKK 6.3tDKK 1.7tDKK 181.0b15.4x34.6x3.6x
Tue, 10 Sep 2024DKK 6.5tDKK 1.7tDKK 180.2b15.1x36x3.7x
Thu, 08 Aug 2024DKK 6.2tDKK 1.7tDKK 185.5b15.2x33.4x3.6x
Sat, 06 Jul 2024DKK 6.9tDKK 1.7tDKK 184.5b15.4x37.3x4x
Mon, 03 Jun 2024DKK 6.7tDKK 1.7tDKK 184.5b15.3x36.3x3.9x
Wed, 01 May 2024DKK 6.5tDKK 1.7tDKK 191.4b14.9x33.8x3.8x
Fri, 29 Mar 2024DKK 6.4tDKK 1.7tDKK 192.4b14.8x33.5x3.8x
Sun, 25 Feb 2024DKK 6.3tDKK 1.7tDKK 191.5b13x32.8x3.7x
Tue, 23 Jan 2024DKK 5.7tDKK 1.8tDKK 217.0b13.5x26.3x3.2x
Thu, 21 Dec 2023DKK 5.5tDKK 1.8tDKK 216.5b13.4x25.4x3.1x
Sat, 18 Nov 2023DKK 5.4tDKK 1.8tDKK 217.1b12.7x24.8x3x
Mon, 16 Oct 2023DKK 5.5tDKK 1.9tDKK 285.8b13x19.3x2.9x
Wed, 13 Sep 2023DKK 5.0tDKK 1.9tDKK 282.8b13.4x17.9x2.7x
Fri, 11 Aug 2023DKK 5.3tDKK 1.9tDKK 273.9b13.4x19.5x2.9x
Sun, 09 Jul 2023DKK 5.0tDKK 1.9tDKK 321.4b13.8x15.5x2.6x
Tue, 06 Jun 2023DKK 5.1tDKK 1.9tDKK 325.7b14.5x15.6x2.6x
Thu, 04 May 2023DKK 5.1tDKK 1.9tDKK 336.9b13.9x15.3x2.7x
Sat, 01 Apr 2023DKK 4.9tDKK 1.9tDKK 345.1b14.6x14.3x2.6x
Mon, 27 Feb 2023DKK 4.8tDKK 1.9tDKK 350.8b13.7x13.6x2.5x
Wed, 25 Jan 2023DKK 4.6tDKK 1.9tDKK 354.6b13.7x13.1x2.5x
Price to Earnings Ratio

13.1x


Total Market Cap: DKK 4.6tTotal Earnings: DKK 354.6bTotal Revenue: DKK 1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Market Price to Earnings3Y Average 22.2x202420252026
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 17.4x which is lower than its 3-year average PE of 22.2x.
Past Earnings Growth
  • The earnings for Danish listed companies have declined 9.7% 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 Market1.78%
Utilities3.87%
Financials3.33%
Real Estate2.48%
Energy1.83%
Industrials1.76%
Healthcare1.72%
Telecom1.64%
Consumer Staples1.44%
Materials-0.74%
Tech-2.32%
Consumer Discretionary-3.29%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 57.0% which is higher than its past year's earnings decline of 17.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 57% 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 35% 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
NOVO B Novo NordiskDKK 388.902.0%
+DKK 33.1b		-32.4%PE16.7xHealthcare
DSV DSVDKK 1.77k5.2%
+DKK 20.8b		24.0%PE44.1xIndustrials
DANSKE Danske BankDKK 323.203.0%
+DKK 7.7b		52.9%PB1.5xFinancials
ORSTED ØrstedDKK 135.503.9%
+DKK 6.7b		-56.5%PS2.5xUtilities
JYSK Jyske BankDKK 944.008.5%
+DKK 4.3b		78.3%PB1.1xFinancials
See more

Market Insights

Header cover image
Why Didn’t Oil React to Venezuela? 🇻🇪
Maduro is out, the US stepped in… and oil markets barely reacted? Let’s look at why.
Continue reading
Which Markets Will Sink or Swim in 2026? 🌍
Last Week

Which Markets Will Sink or Swim in 2026? 🌍

Latest News

NOVO B
DKK 388.90
Novo Nordisk
7D
2.0%
1Y
-32.4%

Novo Nordisk A/S' (CPH:NOVO B) 26% Share Price Surge Not Quite Adding Up

Jan 17
Novo Nordisk A/S' (CPH:NOVO B) 26% Share Price Surge Not Quite Adding Up
FLS
DKK 519.00
FLSmidth
7D
6.7%
1Y
44.2%
JYSK
DKK 944.00
Jyske Bank
7D
8.5%
1Y
78.3%
PNDORA
DKK 550.00
Pandora
7D
-6.5%
1Y
-57.1%
NKT
DKK 796.50
NKT
7D
-2.0%
1Y
55.4%
DSV
DKK 1,769.50
DSV
7D
5.2%
1Y
24.0%

DSV: Margin Discipline And Freight Cycle Trends Will Shape Future Upside Potential

Analysts have nudged their fair value estimate for DSV higher from DKK 1,805.61 to DKK 1,825.84, reflecting recent price target increases from several firms and updated views on transport cycle trends and future P/E assumptions. Analyst Commentary Recent price target moves around DSV point to a generally constructive stance, with some caution around the freight cycle and earnings visibility.
ALK B
DKK 224.00
ALK-Abelló
7D
-2.6%
1Y
48.6%

ALK B: Future Returns Will Reflect Upgraded Outlook And Balanced Margin Prospects

Analysts have trimmed their price target for ALK-Abelló to €214.00 from €219.33, citing updated assumptions that now reflect slightly higher revenue growth, a modestly lower profit margin outlook and a small adjustment to the projected future P/E multiple. What's in the News ALK-Abelló upgraded its earnings guidance for the full year 2025, with expected revenue growth of 13% to 15% in local currencies, compared with a previous range of 12% to 14% (Key Developments).
NETC
DKK 351.20
Netcompany Group
7D
-2.2%
1Y
4.6%

NETC: Stable Outlook And Updated Market View Will Support Measured Upside

Analysts have raised their price target on Netcompany Group to DKK 320 from DKK 290, reflecting updated views on valuation while keeping broader assumptions around growth, margins and P/E largely unchanged. Analyst Commentary Analysts lifting the price target to DKK 320 while keeping a Neutral stance signals a more refined view of what they think the shares are worth today, without a clear tilt toward either a strong buy or a strong sell view.
MAERSK B
DKK 14,895.00
A.P. Møller - Mærsk
7D
-1.4%
1Y
43.8%

MAERSK B: Freight Cycle Uncertainty Will Meet Mixed Margin And Earnings Outlook

Analysts have lifted their fair value estimate for A.P. Møller Mærsk from DKK 15,558 to about DKK 15,882, reflecting updated assumptions on revenue growth, profit margins and future P/E multiples in light of recent target moves, which range from DKK 8,600 to DKK 14,352 across the Street. Analyst Commentary Recent Street research on A.P. Møller Mærsk shows a wide spread in target prices, with several bullish analysts focusing on potential upside scenarios while others remain cautious.
ROCK B
DKK 209.40
Rockwool
7D
-7.9%
1Y
-18.0%

There's No Escaping Rockwool A/S' (CPH:ROCK B) Muted Earnings

Jan 10
There's No Escaping Rockwool A/S' (CPH:ROCK B) Muted Earnings
COLO B
DKK 577.40
Coloplast
7D
2.0%
1Y
-28.5%

COLO B: Sustained Margins And Dividend Payouts Will Support Future Upside

Narrative update The analyst price target for Coloplast has edged up by about DKK 0.30 to reflect slightly higher fair value estimates. Recent Street research shows a mix of views, with some analysts lifting targets toward DKK 535 and others resetting them closer to DKK 640, which has led to modest adjustments to discount rate, revenue growth, profit margin, and future P/E assumptions.
GUBRA
DKK 474.00
Gubra
7D
-7.9%
1Y
-25.5%
DANSKE
DKK 323.20
Danske Bank
7D
3.0%
1Y
52.9%

DANSKE: Future Returns Will Reflect Earnings Durability And Easing Legal Overhang

Analysts have nudged their fair value estimate for Danske Bank up from DKK 308 to DKK 310, reflecting a series of recent price target increases (including moves to DKK 295 and DKK 319) and small adjustments in discount rate, profit margin and forward P/E assumptions. Analyst Commentary Recent research on Danske Bank has centered on a cluster of price target revisions, with several large firms updating their views within a short period.
DEMANT
DKK 233.00
Demant
7D
3.9%
1Y
-19.7%

DEMANT: Future Earnings Resilience Will Rely On Stable Market Position

Analysts have trimmed their price target on Demant slightly from DKK 271.65 to DKK 268. This reflects modestly softer assumptions for revenue growth and future P/E, partly offset by a marginally higher expected profit margin and recent views that organic revenue share gains may be limited for now.
ORSTED
DKK 135.50
Ørsted
7D
3.9%
1Y
-56.5%
NSIS B
DKK 418.30
Novozymes
7D
-0.8%
1Y
2.5%