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Danish (OMX) Market Analysis & Valuation

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies130
  • 7D2.3%
  • 3M3.9%
  • 1Y1.7%
  • YTD-0.8%

The market is up 2.3% over the last week, with the Industrials sector leading the way, up 6.5%. In the last 12 months, the market has been flat. Earnings are forecast to grow by 8.3% annually.

Trending IndustriesBiotech

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026DKK 4.2tDKK 2.1tDKK 239.7b18x17.3x2x
Sat, 11 Jul 2026DKK 4.2tDKK 2.1tDKK 245.6b17.2x17.2x2.1x
Mon, 08 Jun 2026DKK 4.0tDKK 2.1tDKK 245.5b16.5x16.2x1.9x
Wed, 06 May 2026DKK 3.9tDKK 2.0tDKK 236.2b15.9x16.6x2x
Fri, 03 Apr 2026DKK 3.7tDKK 2.0tDKK 237.5b15.3x15.7x1.9x
Sun, 01 Mar 2026DKK 3.8tDKK 2.0tDKK 237.8b16.7x15.9x1.9x
Tue, 27 Jan 2026DKK 4.6tDKK 1.9tDKK 260.5b16.9x17.5x2.3x
Thu, 25 Dec 2025DKK 4.2tDKK 1.9tDKK 260.5b16.2x16x2.1x
Sat, 22 Nov 2025DKK 3.9tDKK 2.0tDKK 262.5b14.8x14.9x2x
Mon, 20 Oct 2025DKK 4.1tDKK 1.9tDKK 287.5b15x14.1x2.1x
Wed, 17 Sep 2025DKK 4.0tDKK 1.9tDKK 286.7b15x14.1x2.1x
Fri, 15 Aug 2025DKK 3.9tDKK 1.9tDKK 280.7b15.5x13.7x2x
Sun, 13 Jul 2025DKK 4.4tDKK 1.9tDKK 261.8b16x16.8x2.4x
Tue, 10 Jun 2025DKK 4.7tDKK 1.9tDKK 263.4b15.7x17.9x2.5x
Thu, 08 May 2025DKK 4.4tDKK 1.9tDKK 264.7b14.5x16.6x2.3x
Sat, 05 Apr 2025DKK 4.1tDKK 1.9tDKK 260.2b13x15.8x2.2x
Mon, 03 Mar 2025DKK 5.4tDKK 1.9tDKK 263.9b13.8x20.6x2.9x
Wed, 29 Jan 2025DKK 5.2tDKK 1.8tDKK 238.0b14.2x22x2.9x
Fri, 27 Dec 2024DKK 5.2tDKK 1.8tDKK 238.3b13.9x22x2.9x
Sun, 24 Nov 2024DKK 5.9tDKK 1.8tDKK 237.8b14.2x24.7x3.2x
Tue, 22 Oct 2024DKK 6.2tDKK 1.7tDKK 181.2b15.4x34.2x3.5x
Thu, 19 Sep 2024DKK 6.5tDKK 1.7tDKK 180.1b15.7x36.3x3.8x
Sat, 17 Aug 2024DKK 6.6tDKK 1.7tDKK 179.9b16.8x36.9x3.8x
Mon, 15 Jul 2024DKK 6.9tDKK 1.7tDKK 185.3b14.8x37.4x4x
Wed, 12 Jun 2024DKK 6.9tDKK 1.7tDKK 184.7b15.3x37.4x4x
Fri, 10 May 2024DKK 6.5tDKK 1.7tDKK 183.7b14.8x35.2x3.8x
Sun, 07 Apr 2024DKK 6.4tDKK 1.7tDKK 192.4b14.7x33.1x3.7x
Tue, 05 Mar 2024DKK 6.4tDKK 1.7tDKK 192.3b13.4x33.3x3.7x
Thu, 01 Feb 2024DKK 5.9tDKK 1.8tDKK 217.2b14.1x27.3x3.3x
Sat, 30 Dec 2023DKK 5.5tDKK 1.8tDKK 215.8b14.2x25.7x3.1x
Mon, 27 Nov 2023DKK 5.5tDKK 1.8tDKK 216.5b13.2x25.3x3.1x
Wed, 25 Oct 2023DKK 5.2tDKK 1.9tDKK 284.5b12.5x18.4x2.8x
Fri, 22 Sep 2023DKK 5.3tDKK 1.9tDKK 283.5b13x18.6x2.8x
Sun, 20 Aug 2023DKK 5.3tDKK 1.9tDKK 281.4b13.1x18.7x2.8x
Price to Earnings Ratio

18.7x


Total Market Cap: DKK 5.3tTotal Earnings: DKK 281.4bTotal Revenue: DKK 1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Market Price to Earnings3Y Average 22.5x202420252026
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 22.5x.
Past Earnings Growth
  • The earnings for Danish listed companies have declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Danish Market?

DK Market2.31%
Utilities7.90%
Industrials6.52%
Tech3.20%
Healthcare2.04%
Telecom1.89%
Real Estate0.44%
Energy-0.95%
Financials-1.23%
Materials-1.42%
Consumer Staples-2.99%
Consumer Discretionary-5.23%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 55.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.5% which is higher than its past year's earnings decline of 25.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 33% 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
VWS Vestas Wind SystemsDKK 211.8023.1%
+DKK 39.2b		84.1%PE32.6xIndustrials
NOVO B Novo NordiskDKK 299.501.8%
+DKK 23.0b		-8.1%PE11.4xHealthcare
ORSTED ØrstedDKK 148.257.9%
+DKK 14.3b		-28.7%PS2.4xUtilities
DSV DSVDKK 1.38k3.3%
+DKK 10.6b		-7.0%PE46xIndustrials
MAERSK B A.P. Møller - MærskDKK 17.41k3.8%
+DKK 9.2b		18.6%PE24xIndustrials
See more

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Latest News

VWS
DKK 211.80
Vestas Wind Systems
7D
23.1%
1Y
84.1%
DEMANT
DKK 289.60
Demant
7D
3.0%
1Y
19.2%
MAERSK B
DKK 17,405.00
A.P. Møller - Mærsk
7D
3.8%
1Y
18.6%
NSIS B
DKK 416.10
Novozymes
7D
-1.5%
1Y
-0.7%
DANSKE
DKK 370.00
Danske Bank
7D
-1.8%
1Y
36.2%
Narrative Update • Aug 11

DANSKE: Future Returns Will Reflect Capital Returns And 2026 Execution Risks

The analyst price target for Danske Bank has moved from DKK 368.19 to DKK 382.63. Analysts link this shift to modest adjustments in fair value, discount rate, revenue growth, and profit margin assumptions, along with a tight cluster of recent Street targets between DKK 375 and DKK 399.
NOVO B
DKK 299.50
Novo Nordisk
7D
1.8%
1Y
-8.1%
Narrative Update • Aug 10

NOVO: From Hypergrowth to Execution Mode

10.08.2026 New CEO Mike Doustdar: His strength lies less in building factories and more in building markets. From my perspective, the share price has been driven by a lot of exaggeration.
GMAB
DKK 2,037.00
Genmab
7D
7.7%
1Y
41.7%
Analysis Article • Aug 09

Genmab A/S Just Beat EPS By 29%: Here's What Analysts Think Will Happen Next

It's been a good week for Genmab A/S ( CPH:GMAB ) shareholders, because the company has just released its latest...
ORSTED
DKK 148.25
Ørsted
7D
7.9%
1Y
-28.7%
PNDORA
DKK 771.40
Pandora
7D
-7.7%
1Y
-25.6%
CARL B
DKK 911.20
Carlsberg
7D
-4.6%
1Y
12.3%
Narrative Update • Jul 30

CARL B: Lower P/E Assumptions Will Likely Keep Shares Rangebound

Analysts have slightly reduced their Carlsberg price target by DKK 5 to DKK 1,030, reflecting updated assumptions on future P/E as well as refined views on the company’s revenue growth and profit margin profile. Analyst Commentary The recent adjustment to the Carlsberg price target to DKK 1,030 highlights a slightly more cautious stance among some bearish analysts.
DSV
DKK 1,380.00
DSV
7D
3.3%
1Y
-7.0%
Analysis Article • Jul 25

Earnings Miss: DSV A/S Missed EPS By 5.8% And Analysts Are Revising Their Forecasts

It's been a sad week for DSV A/S ( CPH:DSV ), who've watched their investment drop 14% to kr.1,449 in the week since...
NKT
DKK 962.50
NKT
7D
4.6%
1Y
78.2%
Narrative Update • Jul 23

NKT: Power Cable Execution Risks Will Restrain Further Share Price Upside

NKT's analyst fair value estimate has moved higher to DKK 517 from about DKK 500, reflecting a series of recent price target revisions, including increases to DKK 905 and DKK 850 at one global bank and an upgrade to Buy with a DKK 1,115 target at another. Analysts link these changes to updated assumptions on revenue growth, profit margins and the discount rate.
ALMB
DKK 16.63
Alm. Brand
7D
-2.2%
1Y
-9.3%
TRYG
DKK 151.70
Tryg
7D
-0.7%
1Y
-6.4%
Narrative Update • Jul 15

TRYG: Dividend Strength And Court Provision Will Shape Future Return Profile

Analysts have trimmed their average price target on Tryg from about DKK 173 to roughly DKK 170. This reflects more cautious views on Nordic property and casualty stocks given elevated bond yields and softer pricing support, alongside a mix of Underweight and Hold ratings clustered around DKK 145 to DKK 160.
RBREW
DKK 464.80
Royal Unibrew
7D
-4.4%
1Y
-2.1%
ALSYDB
DKK 634.00
AL Sydbank
7D
-0.9%
1Y
21.9%