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Estonia (OMX) Market Analysis & Valuation
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies29
- 7D-0.7%
- 3M7.3%
- 1Y0.5%
- YTD-0.3%
The market has been flat in the last week, however the Healthcare sector is down 3.0%. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 2.7% annually.
Market Valuation and Performance
Has the Estonia Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | €4.7b | €5.1b | €333.3m | 15.3x | 14.2x | 0.9x |
| Sat, 10 Jan 2026 | €4.7b | €5.2b | €358.4m | 14.8x | 13.2x | 0.9x |
| Mon, 08 Dec 2025 | €4.5b | €5.2b | €358.4m | 14x | 12.6x | 0.9x |
| Wed, 05 Nov 2025 | €4.4b | €5.3b | €358.2m | 14.3x | 12.3x | 0.8x |
| Fri, 03 Oct 2025 | €4.5b | €5.2b | €412.3m | 12.9x | 10.9x | 0.9x |
| Sun, 31 Aug 2025 | €4.7b | €5.2b | €411.5m | 14.1x | 11.4x | 0.9x |
| Tue, 29 Jul 2025 | €5.7b | €5.1b | €466.2m | 15.2x | 12.1x | 1.1x |
| Thu, 26 Jun 2025 | €5.7b | €5.2b | €488.2m | 15.2x | 11.7x | 1.1x |
| Sat, 24 May 2025 | €5.7b | €5.1b | €484.3m | 15x | 11.8x | 1.1x |
| Mon, 21 Apr 2025 | €5.5b | €5.1b | €583.7m | 11.8x | 9.4x | 1.1x |
| Wed, 19 Mar 2025 | €5.2b | €5.1b | €589.7m | 9.5x | 8.9x | 1x |
| Fri, 14 Feb 2025 | €5.4b | €5.1b | €621.5m | 10x | 8.7x | 1.1x |
| Sun, 12 Jan 2025 | €5.0b | €5.0b | €610.2m | 10.9x | 8.3x | 1x |
| Tue, 10 Dec 2024 | €4.9b | €5.0b | €610.2m | 11.1x | 8x | 1x |
| Thu, 07 Nov 2024 | €5.0b | €4.9b | €594.5m | 10.6x | 8.4x | 1x |
| Sat, 05 Oct 2024 | €4.9b | €4.8b | €691.3m | 9.5x | 7x | 1x |
| Mon, 02 Sep 2024 | €4.9b | €4.8b | €690.9m | 9.5x | 7.1x | 1x |
| Wed, 31 Jul 2024 | €5.0b | €4.8b | €707.0m | 11.4x | 7x | 1x |
| Fri, 28 Jun 2024 | €5.0b | €4.8b | €734.2m | 10.9x | 6.8x | 1x |
| Sun, 26 May 2024 | €5.2b | €4.8b | €738.3m | 11.2x | 7x | 1.1x |
| Tue, 23 Apr 2024 | €5.2b | €4.8b | €706.8m | 11.1x | 7.4x | 1.1x |
| Thu, 21 Mar 2024 | €5.1b | €4.9b | €715.2m | 11.1x | 7.2x | 1x |
| Sat, 17 Feb 2024 | €5.0b | €5.0b | €710.4m | 11.6x | 7x | 1x |
| Mon, 15 Jan 2024 | €5.1b | €5.0b | €709.1m | 10.2x | 7.2x | 1x |
| Wed, 13 Dec 2023 | €4.5b | €3.8b | €441.1m | 11.4x | 10.2x | 1.2x |
| Fri, 10 Nov 2023 | €4.5b | €3.8b | €447.8m | 11.8x | 10.1x | 1.2x |
| Sun, 08 Oct 2023 | €4.6b | €3.8b | €415.9m | 11.5x | 11.2x | 1.2x |
| Tue, 05 Sep 2023 | €4.7b | €3.8b | €414.9m | 11.6x | 11.2x | 1.2x |
| Thu, 03 Aug 2023 | €4.8b | €3.8b | €454.1m | 11x | 10.6x | 1.3x |
| Sat, 01 Jul 2023 | €4.8b | €3.7b | €386.6m | 12.5x | 12.4x | 1.3x |
| Mon, 29 May 2023 | €4.8b | €3.7b | €382.0m | 13.4x | 12.6x | 1.3x |
| Wed, 26 Apr 2023 | €4.9b | €3.6b | €348.3m | 13.9x | 14.2x | 1.4x |
| Fri, 24 Mar 2023 | €4.9b | €3.5b | €322.0m | 14.7x | 15.3x | 1.4x |
| Sun, 19 Feb 2023 | €5.0b | €3.5b | €320.1m | 14.1x | 15.5x | 1.4x |
Price to Earnings Ratio
15.5x
Current Market PE
- Investors are optimistic on the Estonian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 14.2x which is higher than its 3-year average PE of 10.1x.
Past Earnings Growth
- The earnings for Estonian listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 14% 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 and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Estonia Market?
| EE Market | -0.72% | |
| Consumer Discretionary | 1.70% | |
| Financials | 0.97% | |
| Consumer Staples | 0.36% | |
| Real Estate | 0.21% | |
| Utilities | -0.27% | |
| Telecom | -0.39% | |
| Tech | -1.28% | |
| Industrials | -2.96% | |
| Healthcare | -3.01% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 27.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 5.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 2.7% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 2.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| LHV1T AS LHV Group | €3.59 | 0.7% +€7.9m | -6.1% | PB1.5x | Financials | |
| CPA1T Coop Pank | €2.21 | 2.6% +€5.7m | -6.0% | PB1x | Financials | |
| TSM1T AS Tallinna Sadam | €1.45 | 0.8% +€3.2m | 24.5% | PE16.5x | Industrials | |
| PKG1T AS Pro Kapital Grupp | €0.96 | 2.7% +€1.4m | -2.0% | PE8.2x | Real Estate | |
| TKM1T TKM Grupp | €9.61 | 0.3% +€1.2m | -3.2% | PE22.3x | Consumer Staples |