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

Danish (OMX) Market Analysis & Valuation

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies132
  • 7D0.07%
  • 3M5.0%
  • 1Y-24.0%
  • YTD-2.0%

The Energy sector gained 9.5% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 24%. Looking forward, earnings are forecast to grow by 6.0% annually.

Trending IndustriesBiotech

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026DKK 4.1tDKK 2.0tDKK 237.7b16.6x17.2x2.1x
Mon, 19 Jan 2026DKK 4.6tDKK 2.0tDKK 261.2b16.9x17.4x2.3x
Wed, 17 Dec 2025DKK 4.1tDKK 1.9tDKK 260.5b14.9x15.6x2.1x
Fri, 14 Nov 2025DKK 4.0tDKK 2.0tDKK 261.2b15.2x15.5x2.1x
Sun, 12 Oct 2025DKK 4.2tDKK 1.9tDKK 287.8b15.1x14.6x2.2x
Tue, 09 Sep 2025DKK 4.0tDKK 1.9tDKK 287.1b15.2x13.8x2.1x
Thu, 07 Aug 2025DKK 3.7tDKK 1.9tDKK 268.0b15.5x13.8x2x
Sat, 05 Jul 2025DKK 4.4tDKK 1.9tDKK 261.5b15.5x17x2.4x
Mon, 02 Jun 2025DKK 4.5tDKK 1.9tDKK 263.6b15.9x17.1x2.4x
Wed, 30 Apr 2025DKK 4.2tDKK 1.9tDKK 258.8b14.1x16.3x2.3x
Fri, 28 Mar 2025DKK 4.6tDKK 1.9tDKK 260.8b15.3x17.6x2.4x
Sun, 23 Feb 2025DKK 5.3tDKK 1.9tDKK 264.0b13.9x20.2x2.8x
Tue, 21 Jan 2025DKK 4.9tDKK 1.8tDKK 238.5b14x20.6x2.7x
Thu, 19 Dec 2024DKK 5.9tDKK 1.8tDKK 238.1b14x24.8x3.2x
Sat, 16 Nov 2024DKK 5.7tDKK 1.8tDKK 236.4b14.5x24x3.1x
Mon, 14 Oct 2024DKK 6.3tDKK 1.7tDKK 181.0b15.4x34.6x3.6x
Wed, 11 Sep 2024DKK 6.4tDKK 1.7tDKK 180.2b15.1x35.7x3.7x
Fri, 09 Aug 2024DKK 6.3tDKK 1.7tDKK 182.0b15.6x34.9x3.7x
Sun, 07 Jul 2024DKK 6.9tDKK 1.7tDKK 184.5b15.4x37.3x4x
Tue, 04 Jun 2024DKK 6.7tDKK 1.7tDKK 184.4b15x36.2x3.9x
Thu, 02 May 2024DKK 6.4tDKK 1.7tDKK 191.5b14.9x33.7x3.8x
Sat, 30 Mar 2024DKK 6.4tDKK 1.7tDKK 192.5b14.8x33.5x3.8x
Mon, 26 Feb 2024DKK 6.3tDKK 1.7tDKK 191.5b13x32.8x3.7x
Wed, 24 Jan 2024DKK 5.7tDKK 1.8tDKK 217.0b13.5x26.1x3.2x
Fri, 22 Dec 2023DKK 5.5tDKK 1.8tDKK 216.3b13.4x25.5x3.1x
Sun, 19 Nov 2023DKK 5.4tDKK 1.8tDKK 216.7b13.1x24.8x3x
Tue, 17 Oct 2023DKK 5.5tDKK 1.9tDKK 285.4b13x19.1x2.9x
Thu, 14 Sep 2023DKK 5.4tDKK 1.9tDKK 282.7b13.4x19x2.9x
Sat, 12 Aug 2023DKK 5.3tDKK 1.9tDKK 278.0b13.4x19.1x2.9x
Mon, 10 Jul 2023DKK 5.0tDKK 1.9tDKK 321.4b13.8x15.5x2.6x
Wed, 07 Jun 2023DKK 5.2tDKK 1.9tDKK 325.9b14.5x15.9x2.7x
Fri, 05 May 2023DKK 5.1tDKK 1.9tDKK 337.4b13.9x15.1x2.6x
Sun, 02 Apr 2023DKK 4.9tDKK 1.9tDKK 345.1b14.6x14.3x2.6x
Tue, 28 Feb 2023DKK 4.8tDKK 1.9tDKK 349.8b13.8x13.8x2.5x
Price to Earnings Ratio

13.8x


Total Market Cap: DKK 4.8tTotal Earnings: DKK 349.8bTotal 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 17.2x which is lower than its 3-year average PE of 22.3x.
Past Earnings Growth
  • The earnings for Danish listed companies have declined 12% 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 Market0.07%
Energy9.47%
Utilities4.13%
Tech2.91%
Real Estate0.97%
Industrials0.22%
Materials0.18%
Financials-0.22%
Healthcare-0.26%
Consumer Discretionary-1.17%
Consumer Staples-1.58%
Telecom-2.87%
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 22.9% 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
DANSKE Danske BankDKK 347.306.6%
+DKK 17.4b		47.1%PB1.6xFinancials
MAERSK B A.P. Møller - MærskDKK 16.03k4.5%
+DKK 10.0b		29.8%PE13.5xIndustrials
ORSTED ØrstedDKK 153.554.6%
+DKK 9.0b		-49.0%PE117.5xUtilities
VWS Vestas Wind SystemsDKK 159.253.7%
+DKK 5.5b		62.5%PE27.1xIndustrials
TRYG TrygDKK 155.802.3%
+DKK 2.0b		3.8%PE17.5xFinancials
See more

Market Insights

Header cover image
Alternatives part 2: 2026 and beyond 🔭
Richard Bowman avatar
Richard Bowman
|
|
Deep dive into the exciting world of Private Equity, Real Estate, Private Credit, Infrastructure & Transport and Hedge Funds.
Continue reading
Dotcom Bubble vs. Now 🫧
Last Week

Dotcom Bubble vs. Now 🫧

Latest News

NOVO B
DKK 300.60
Novo Nordisk
7D
-3.2%
1Y
-52.3%
FLS
DKK 545.50
FLSmidth
7D
-7.8%
1Y
45.9%
ISS
DKK 236.00
ISS
7D
-6.5%
1Y
39.2%
GMAB
DKK 1,850.00
Genmab
7D
-2.9%
1Y
16.9%
NKT
DKK 803.00
NKT
7D
-1.5%
1Y
58.4%

NKT: Long Term Grid Projects And Partnerships Will Support Sector-Leading Margins

Analysts have trimmed their NKT price target to DKK 1,008. This reflects a slightly higher discount rate and modestly adjusted expectations for revenue growth, profit margin and future P/E after recent downgrades from SEB Equities and Barclays.
DANSKE
DKK 347.30
Danske Bank
7D
6.6%
1Y
47.1%

DANSKE: Future Returns Will Balance Higher Payouts With Easing Compliance Overhang

Analysts have raised their fair value estimate for Danske Bank to DKK 370 from DKK 362, reflecting recent price target increases from several firms and updated assumptions on the discount rate, revenue growth, profit margin and forward P/E. Analyst Commentary Recent Street research on Danske Bank has leaned positive, with several bullish analysts lifting their price targets and reiterating constructive views on the shares.
JYSK
DKK 959.00
Jyske Bank
7D
2.8%
1Y
74.8%

JYSK: Capital Returns And Earnings Outlook Will Shape Future Fair Value

The analyst price target for Jyske Bank has moved from DKK 865 to DKK 1,045, with analysts pointing to updated assumptions around discount rates, revenue trends, profit margins and future P/E levels to support the new view. What's in the News Jyske Bank has proposed amendments to its Articles of Association, including a share capital of DKK 581,974,490 split across 58,197,449 shares and a shift to preparing and publishing annual reports in English, with an option to also publish in Danish (company filings).
VWS
DKK 159.25
Vestas Wind Systems
7D
3.7%
1Y
62.5%

VWS: Execution And Growth Risks Will Pressure Already Elevated P/E Assumptions

Narrative Update The analyst price target for Vestas Wind Systems has been revised to DKK 94.76 from DKK 91.91, with analysts pointing to a slightly higher fair value estimate supported by modestly adjusted discount rate, revenue, profit margin, and future P/E assumptions, alongside mixed recent Street research. Analyst Commentary Recent Street research on Vestas Wind Systems shows a split view, with some support for a higher valuation alongside a more cautious tone from bearish analysts who question how much upside is left relative to execution and growth risks.
ORSTED
DKK 153.55
Ørsted
7D
4.6%
1Y
-49.0%

There May Be Underlying Issues With The Quality Of Ørsted's (CPH:ORSTED) Earnings

Feb 18
There May Be Underlying Issues With The Quality Of Ørsted's (CPH:ORSTED) Earnings
NSIS B
DKK 387.10
Novozymes
7D
-3.2%
1Y
-3.3%
DSV
DKK 1,682.50
DSV
7D
-0.4%
1Y
16.6%

DSV: Higher Freight Cycle Hopes And Synergies Will Shape Future Returns

The analyst price target for DSV has been raised from DKK 1,901.25 to DKK 2,030.45. This reflects updated assumptions on revenue growth, profit margins and long-term P/E, along with recent price target increases from multiple research houses, according to analysts.
COLO B
DKK 483.50
Coloplast
7D
-1.0%
1Y
-39.5%

COLO B: Reset P/E And Dividend Will Support Future Upside

Analysts have trimmed their fair value estimate for Coloplast from DKK 678.22 to DKK 615.06, reflecting recent price target cuts and updated assumptions on the discount rate, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Coloplast has focused on recalibrating expectations rather than fundamentally changing the story.
MAERSK B
DKK 16,025.00
A.P. Møller - Mærsk
7D
4.5%
1Y
29.8%

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.
TRYG
DKK 155.80
Tryg
7D
2.3%
1Y
3.8%

TRYG: Recent Downgrade And Buyback Will Reset Expectations While Preserving Core Franchise

Analysts have nudged their price target for Tryg slightly higher to €172.90 from €171.59, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E following recent research, including a downgrade at Barclays. Analyst Commentary Analysts have taken a closer look at Tryg following the recent downgrade, updating their models and risk assessments around valuation and execution.
TRMD A
DKK 173.25
TORM
7D
8.1%
1Y
28.7%

Longer Trade Routes And Tight Fleet Supply Will Support Stronger Long Term Outcomes

Catalysts About TORM TORM operates a fleet of product tankers that transport refined oil products such as gasoline, jet fuel and middle distillates worldwide. What are the underlying business or industry changes driving this perspective?
ALSYDB
DKK 548.00
AL Sydbank
7D
5.3%
1Y
31.6%