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Estonia (OMX) Market Analysis & Valuation
UpdatedJun 04, 2026
DataAggregated Company Financials
Companies29
- 7D-0.2%
- 3M-1.9%
- 1Y-5.1%
- YTD-2.1%
The market has stayed flat over the 7 days. Unfortunately though, the market is down 5.1% over the past year. Looking forward, earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Fri, 05 Jun 2026 | €4.7b | €5.2b | €355.8m | 12.5x | 13.3x | 0.9x |
| Sun, 03 May 2026 | €4.8b | €5.1b | €346.6m | 13.1x | 13.7x | 0.9x |
| Tue, 31 Mar 2026 | €4.7b | €5.1b | €344.1m | 12.7x | 13.7x | 0.9x |
| Thu, 26 Feb 2026 | €4.7b | €5.1b | €335.2m | 14.9x | 14.1x | 0.9x |
| Sat, 24 Jan 2026 | €4.7b | €5.2b | €357.2m | 14.7x | 13.2x | 0.9x |
| Mon, 22 Dec 2025 | €4.6b | €5.2b | €358.4m | 14.3x | 12.8x | 0.9x |
| Wed, 19 Nov 2025 | €4.4b | €5.2b | €358.9m | 13.5x | 12.2x | 0.8x |
| Fri, 17 Oct 2025 | €4.4b | €5.2b | €412.1m | 12.5x | 10.7x | 0.8x |
| Sun, 14 Sep 2025 | €4.6b | €5.2b | €411.8m | 14.2x | 11.2x | 0.9x |
| Tue, 12 Aug 2025 | €4.7b | €5.2b | €408.0m | 15x | 11.6x | 0.9x |
| Thu, 10 Jul 2025 | €5.7b | €5.2b | €488.2m | 15.2x | 11.6x | 1.1x |
| Sat, 07 Jun 2025 | €5.8b | €5.2b | €488.2m | 15.2x | 11.9x | 1.1x |
| Mon, 05 May 2025 | €5.5b | €5.1b | €556.6m | 12.9x | 9.9x | 1.1x |
| Wed, 02 Apr 2025 | €5.5b | €5.1b | €588.7m | 12.5x | 9.4x | 1.1x |
| Fri, 28 Feb 2025 | €5.4b | €5.0b | €612.3m | 11.6x | 8.8x | 1.1x |
| Sun, 26 Jan 2025 | €5.2b | €5.0b | €607.9m | 10.7x | 8.6x | 1x |
| Tue, 24 Dec 2024 | €4.9b | €5.0b | €610.2m | 10.6x | 8.1x | 1x |
| Thu, 21 Nov 2024 | €4.9b | €5.0b | €610.9m | 10.7x | 8.1x | 1x |
| Sat, 19 Oct 2024 | €5.0b | €4.8b | €686.4m | 9.6x | 7.3x | 1x |
| Mon, 16 Sep 2024 | €4.9b | €4.8b | €690.8m | 9.6x | 7.1x | 1x |
| Wed, 14 Aug 2024 | €5.0b | €4.8b | €689.6m | 9.7x | 7.2x | 1x |
| Fri, 12 Jul 2024 | €5.0b | €4.8b | €731.2m | 11.4x | 6.9x | 1x |
| Sun, 09 Jun 2024 | €5.2b | €4.8b | €734.5m | 11.3x | 7.1x | 1.1x |
| Tue, 07 May 2024 | €5.2b | €4.8b | €723.5m | 11.9x | 7.2x | 1.1x |
| Thu, 04 Apr 2024 | €5.1b | €4.9b | €715.7m | 10.6x | 7.1x | 1x |
| Sat, 02 Mar 2024 | €5.1b | €4.9b | €710.1m | 11.3x | 7.2x | 1x |
| Mon, 29 Jan 2024 | €5.0b | €5.0b | €711.8m | 10.9x | 7x | 1x |
| Wed, 27 Dec 2023 | €5.0b | €5.0b | €708.8m | 10x | 7x | 1x |
| Fri, 24 Nov 2023 | €4.4b | €3.8b | €442.0m | 11.7x | 10x | 1.2x |
| Sun, 22 Oct 2023 | €4.6b | €3.8b | €424.6m | 11.2x | 10.8x | 1.2x |
| Tue, 19 Sep 2023 | €4.7b | €3.8b | €415.1m | 11.4x | 11.2x | 1.2x |
| Thu, 17 Aug 2023 | €4.7b | €3.8b | €414.0m | 11.5x | 11.4x | 1.2x |
| Sat, 15 Jul 2023 | €4.8b | €3.7b | €388.3m | 12.1x | 12.5x | 1.3x |
| Mon, 12 Jun 2023 | €4.8b | €3.7b | €382.4m | 12.4x | 12.5x | 1.3x |
Price to Earnings Ratio
12.5x
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 13.3x which is higher than its 3-year average PE of 10.0x.
Past Earnings Growth
- The earnings for Estonian listed companies have declined 2.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 Estonia Market?
| EE Market | -0.18% | |
| Utilities | 1.02% | |
| Consumer Staples | 0.0053% | |
| Industrials | -0.21% | |
| Telecom | -0.42% | |
| Financials | -0.90% | |
| Real Estate | -1.56% | |
| Healthcare | -1.72% | |
| Tech | -1.90% | |
| Consumer Discretionary | -2.42% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 13.6x.
- 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 Financials sector, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|---|
| INF1T AS Infortar | €48.50 | 1.3% +€12.4m | 1.5% | PE11.4x | Utilities | |
| TSM1T AS Tallinna Sadam | €1.26 | 0.8% +€2.6m | 5.0% | PE16.3x | Industrials | |
| TAL1T AS Tallink Grupp | €0.65 | 0.3% +€1.5m | -1.8% | PE16.8x | Industrials | |
| HPR1T Hepsor | €6.30 | 4.3% +€1.0m | -11.5% | PS0.8x | Real Estate | |
| MOLNR J. Molner | €22.80 | 1.8% +€674.4k | -6.6% | n/a | Healthcare |
