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Estonia (OMX) Market Analysis & Valuation
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies30
- 7D-1.1%
- 3M-4.5%
- 1Y12.4%
- YTD7.4%
Over the last 7 days, the market has dropped 1.1%, driven by a decline of 2.5% in the Utilities sector. In the last year, the market is actually up 12%. Earnings are forecast to grow by 6.3% 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 |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | €4.6b | €5.2b | €411.8m | 14.2x | 11.2x | 0.9x |
| Wed, 13 Aug 2025 | €4.7b | €5.2b | €407.4m | 15x | 11.6x | 0.9x |
| Fri, 11 Jul 2025 | €5.7b | €5.1b | €485.0m | 15.2x | 11.7x | 1.1x |
| Sun, 08 Jun 2025 | €5.8b | €5.2b | €488.2m | 15.2x | 11.9x | 1.1x |
| Tue, 06 May 2025 | €5.5b | €5.1b | €556.6m | 12.7x | 9.9x | 1.1x |
| Thu, 03 Apr 2025 | €5.5b | €5.1b | €588.7m | 12.5x | 9.4x | 1.1x |
| Sat, 01 Mar 2025 | €5.4b | €5.0b | €612.3m | 11.8x | 8.8x | 1.1x |
| Mon, 27 Jan 2025 | €5.2b | €5.0b | €607.9m | 10.7x | 8.6x | 1x |
| Wed, 25 Dec 2024 | €4.9b | €5.0b | €610.2m | 10.6x | 8.1x | 1x |
| Fri, 22 Nov 2024 | €4.9b | €5.0b | €610.9m | 10.6x | 8x | 1x |
| Sun, 20 Oct 2024 | €5.0b | €4.8b | €686.4m | 9.6x | 7.3x | 1x |
| Tue, 17 Sep 2024 | €4.9b | €4.8b | €690.8m | 9.5x | 7x | 1x |
| Thu, 15 Aug 2024 | €5.0b | €4.8b | €689.6m | 9.7x | 7.2x | 1x |
| Sat, 13 Jul 2024 | €5.0b | €4.8b | €731.2m | 11.4x | 6.9x | 1x |
| Mon, 10 Jun 2024 | €5.2b | €4.8b | €734.5m | 11.3x | 7.1x | 1.1x |
| Wed, 08 May 2024 | €5.2b | €4.8b | €723.5m | 12x | 7.2x | 1.1x |
| Fri, 05 Apr 2024 | €5.1b | €4.9b | €715.7m | 10.5x | 7.1x | 1x |
| Sun, 03 Mar 2024 | €5.1b | €4.9b | €711.4m | 11.3x | 7.2x | 1x |
| Tue, 30 Jan 2024 | €5.0b | €5.0b | €711.8m | 10.9x | 7x | 1x |
| Thu, 28 Dec 2023 | €5.0b | €5.0b | €708.8m | 10x | 7x | 1x |
| Sat, 25 Nov 2023 | €4.4b | €3.8b | €442.0m | 11.7x | 10.1x | 1.2x |
| Mon, 23 Oct 2023 | €4.6b | €3.8b | €424.6m | 11.2x | 10.8x | 1.2x |
| Wed, 20 Sep 2023 | €4.6b | €3.8b | €415.1m | 11.4x | 11.1x | 1.2x |
| Fri, 18 Aug 2023 | €4.7b | €3.8b | €413.7m | 11.2x | 11.5x | 1.2x |
| Sun, 16 Jul 2023 | €4.8b | €3.7b | €388.3m | 12.1x | 12.4x | 1.3x |
| Tue, 13 Jun 2023 | €4.8b | €3.7b | €382.4m | 12.4x | 12.6x | 1.3x |
| Thu, 11 May 2023 | €4.9b | €3.6b | €382.8m | 13.5x | 12.9x | 1.4x |
| Sat, 08 Apr 2023 | €5.0b | €3.5b | €322.0m | 15x | 15.4x | 1.4x |
| Mon, 06 Mar 2023 | €5.0b | €3.5b | €333.6m | 14.3x | 15x | 1.4x |
| Wed, 01 Feb 2023 | €5.0b | €3.4b | €309.6m | 12.6x | 16x | 1.5x |
| Fri, 30 Dec 2022 | €4.6b | €3.4b | €311.5m | 12.3x | 14.9x | 1.4x |
| Sun, 27 Nov 2022 | €4.5b | €3.4b | €312.7m | 12.1x | 14.5x | 1.3x |
| Tue, 25 Oct 2022 | €4.3b | €3.2b | €264.9m | 11.8x | 16.4x | 1.4x |
| Thu, 22 Sep 2022 | €4.6b | €3.2b | €274.7m | 11.3x | 16.8x | 1.4x |
Price to Earnings Ratio
16.8x
Current Market PE
- Investors are relatively neutral on the Estonian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 10.5x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 14% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Estonia Market?
| EE Market | -1.12% | |
| Real Estate | 1.74% | |
| Telecom | 0.57% | |
| Consumer Staples | -0.07% | |
| Industrials | -0.29% | |
| Consumer Discretionary | -0.49% | |
| Financials | -1.27% | |
| Tech | -2.47% | |
| Utilities | -2.53% | |
| Healthcare | -4.41% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 15.9x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 6.3% over the next 5 years.
- However this is lower than its past earnings growth rate of 11% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 6.3% 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 | |
|---|---|---|---|---|---|---|
| MRK1T AS Merko Ehitus | €29.15 | 0.5% +€2.7m | 76.7% | PE7.5x | Industrials | |
| PRIMO Primostar Group | €3.92 | 12.0% +€846.3k | n/a | n/a | Industrials | |
| LINDA aktsiaselts Linda Nektar | €6.00 | 5.3% +€474.0k | -9.1% | PS3.2x | Consumer Staples | |
| CPA1T Coop Pank | €1.96 | 0.2% +€414.6k | 0.5% | PB0.9x | Financials | |
| TKM1T TKM Grupp | €9.28 | 0.1% +€407.3k | -1.9% | PE19.7x | Consumer Staples |
