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Danish (OMX) Market Analysis & Valuation

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies134
  • 7D1.9%
  • 3M10.8%
  • 1Y-11.3%
  • YTD8.7%

The market is up 1.9% over the last week, with the Healthcare sector leading the way, up 2.2%. Longer term the market is actually down 11% over the past year. 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
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
Thu, 26 Jan 2023DKK 4.6tDKK 1.9tDKK 354.0b13.6x12.9x2.4x
Price to Earnings Ratio

12.9x


Total Market Cap: DKK 4.6tTotal Earnings: DKK 354.0bTotal 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 9.6% 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 Market1.94%
Utilities6.15%
Financials2.96%
Healthcare2.22%
Consumer Staples2.17%
Energy1.83%
Telecom1.46%
Materials0.97%
Industrials0.61%
Real Estate0.61%
Tech0.52%
Consumer Discretionary-1.61%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.3x.
    • 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 388.902.6%
+DKK 43.5b		-29.5%PE16.7xHealthcare
DSV DSVDKK 1.77k5.0%
+DKK 20.0b		22.5%PE44.1xIndustrials
ORSTED ØrstedDKK 135.506.1%
+DKK 10.4b		-56.6%PS2.5xUtilities
DANSKE Danske BankDKK 323.202.7%
+DKK 7.1b		53.0%PB1.5xFinancials
VWS Vestas Wind SystemsDKK 184.703.2%
+DKK 5.7b		89.5%PE26.1xIndustrials
See more

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Latest News

NOVO B
DKK 388.90
Novo Nordisk
7D
2.6%
1Y
-29.5%

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
JYSK
DKK 944.00
Jyske Bank
7D
7.8%
1Y
77.9%
HLUN B
DKK 46.52
H. Lundbeck
7D
5.7%
1Y
16.3%

H. Lundbeck (CPH:HLUN B) Seems To Use Debt Rather Sparingly

Jan 14
H. Lundbeck (CPH:HLUN B) Seems To Use Debt Rather Sparingly
PNDORA
DKK 550.00
Pandora
7D
-3.7%
1Y
-57.0%
MATAS
DKK 99.40
Matas
7D
-2.7%
1Y
-25.8%
DSV
DKK 1,769.50
DSV
7D
5.0%
1Y
22.5%

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
-1.0%
1Y
50.5%

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).
MAERSK B
DKK 14,895.00
A.P. Møller - Mærsk
7D
-8.4%
1Y
43.2%

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
-5.7%
1Y
-18.8%

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
GUBRA
DKK 474.00
Gubra
7D
-3.5%
1Y
-24.3%
DANSKE
DKK 323.20
Danske Bank
7D
2.7%
1Y
53.0%

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.
VWS
DKK 184.70
Vestas Wind Systems
7D
3.2%
1Y
89.5%

VWS: Future Execution Risks May Undermine Raised Outlook And Earnings Guidance

Analysts lifted their price target on Vestas Wind Systems to DKK 173 from DKK 164, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that support a slightly higher long term outlook for the shares. Analyst Commentary Bullish Takeaways Bullish analysts frame the new DKK 173 target as reflecting updated views on fair value that they see as better aligned with the company’s longer term earnings potential.
CARL B
DKK 857.00
Carlsberg
7D
2.2%
1Y
20.1%

CARL B: Overweight Upgrade Signals Stronger Beer Sector Support Into 2026

Analysts have raised their price target for Carlsberg to DKK 975 from DKK 850, citing more supportive views on the beer sector heading into 2026. Analyst Commentary Bullish analysts are leaning into a more constructive view on Carlsberg, using the higher DKK 975 price target to frame what they see as an improved setup for the shares heading into 2026.
UIE
DKK 393.00
UIE
7D
-0.9%
1Y
28.9%

UIE Plc's (CPH:UIE) 25% Price Boost Is Out Of Tune With Earnings

Dec 09
UIE Plc's (CPH:UIE) 25% Price Boost Is Out Of Tune With Earnings
ORSTED
DKK 135.50
Ørsted
7D
6.1%
1Y
-56.6%
CHEMM
DKK 712.00
ChemoMetec
7D
-1.0%
1Y
40.4%