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Estonia (OMX) Market Analysis & Valuation
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies29
- 7D-1.2%
- 3M6.5%
- 1Y1.3%
- YTD-0.8%
Over the last 7 days, the market has dropped 1.2%, driven by a loss of 3.6% in the Industrials sector. Overall the market has been flat in the last year. 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Feb 2026 | €4.7b | €5.1b | €339.8m | 15.5x | 13.8x | 0.9x |
| Mon, 05 Jan 2026 | €4.7b | €5.2b | €358.4m | 14.8x | 13.2x | 0.9x |
| Wed, 03 Dec 2025 | €4.5b | €5.2b | €358.4m | 13.6x | 12.5x | 0.9x |
| Fri, 31 Oct 2025 | €4.4b | €5.2b | €406.1m | 12.4x | 10.7x | 0.8x |
| Sun, 28 Sep 2025 | €4.5b | €5.2b | €412.1m | 13.2x | 10.8x | 0.9x |
| Tue, 26 Aug 2025 | €4.7b | €5.2b | €411.9m | 14.8x | 11.4x | 0.9x |
| Thu, 24 Jul 2025 | €5.7b | €5.1b | €475.4m | 15.2x | 11.9x | 1.1x |
| Sat, 21 Jun 2025 | €5.7b | €5.2b | €488.2m | 15.2x | 11.7x | 1.1x |
| Mon, 19 May 2025 | €5.7b | €5.1b | €484.3m | 15.1x | 11.8x | 1.1x |
| Wed, 16 Apr 2025 | €5.5b | €5.1b | €583.7m | 12.2x | 9.4x | 1.1x |
| Fri, 14 Mar 2025 | €5.3b | €5.1b | €589.7m | 9.7x | 9x | 1x |
| Sun, 09 Feb 2025 | €5.3b | €5.0b | €618.3m | 10.1x | 8.6x | 1.1x |
| Tue, 07 Jan 2025 | €5.1b | €5.0b | €610.2m | 10.7x | 8.3x | 1x |
| Thu, 05 Dec 2024 | €4.9b | €5.0b | €610.2m | 11.3x | 8x | 1x |
| Sat, 02 Nov 2024 | €5.0b | €4.8b | €669.0m | 10.2x | 7.4x | 1x |
| Mon, 30 Sep 2024 | €4.8b | €4.8b | €691.2m | 9.5x | 7x | 1x |
| Wed, 28 Aug 2024 | €4.9b | €4.8b | €689.7m | 9.5x | 7.1x | 1x |
| Fri, 26 Jul 2024 | €5.0b | €4.8b | €734.3m | 11.5x | 6.8x | 1x |
| Sun, 23 Jun 2024 | €5.0b | €4.8b | €734.2m | 11x | 6.9x | 1x |
| Tue, 21 May 2024 | €5.2b | €4.8b | €738.3m | 11.4x | 7x | 1.1x |
| Thu, 18 Apr 2024 | €5.1b | €4.9b | €713.7m | 11.2x | 7.2x | 1x |
| Sat, 16 Mar 2024 | €5.1b | €4.9b | €715.2m | 11.2x | 7.2x | 1x |
| Mon, 12 Feb 2024 | €5.0b | €5.0b | €713.3m | 11.4x | 7x | 1x |
| Wed, 10 Jan 2024 | €5.1b | €5.0b | €709.1m | 10.2x | 7.2x | 1x |
| Fri, 08 Dec 2023 | €4.4b | €3.8b | €441.1m | 11.4x | 10x | 1.2x |
| Sun, 05 Nov 2023 | €4.5b | €3.9b | €455.2m | 10x | 9.9x | 1.2x |
| Tue, 03 Oct 2023 | €4.7b | €3.8b | €415.5m | 11.7x | 11.3x | 1.2x |
| Thu, 31 Aug 2023 | €4.6b | €3.8b | €415.0m | 11.3x | 11.2x | 1.2x |
| Sat, 29 Jul 2023 | €4.8b | €3.8b | €454.8m | 11.1x | 10.6x | 1.3x |
| Mon, 26 Jun 2023 | €4.8b | €3.7b | €386.6m | 12.9x | 12.5x | 1.3x |
| Wed, 24 May 2023 | €4.9b | €3.7b | €382.7m | 13.4x | 12.7x | 1.3x |
| Fri, 21 Apr 2023 | €4.9b | €3.6b | €348.3m | 13.8x | 14.2x | 1.4x |
| Sun, 19 Mar 2023 | €4.8b | €3.4b | €306.3m | 14.4x | 15.7x | 1.4x |
| Tue, 14 Feb 2023 | €5.0b | €3.5b | €321.8m | 12.9x | 15.4x | 1.4x |
Price to Earnings Ratio
15.4x
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 13.8x 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 | -1.17% | |
| Consumer Staples | 1.25% | |
| Utilities | 0.086% | |
| Telecom | -0.061% | |
| Financials | -0.26% | |
| Real Estate | -0.82% | |
| Consumer Discretionary | -1.05% | |
| Healthcare | -1.49% | |
| Tech | -3.25% | |
| Industrials | -3.57% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.8x.
- 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 5.3x.
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 | |
|---|---|---|---|---|---|---|
| TKM1T TKM Grupp | €9.60 | 1.2% +€4.5m | -4.6% | PE22.3x | Consumer Staples | |
| TAL1T AS Tallink Grupp | €0.60 | 0.8% +€3.7m | -5.8% | PS0.6x | Industrials | |
| TVE1T AS Tallinna Vesi | €11.25 | 0.4% +€1.0m | 7.1% | PE16.2x | Utilities | |
| PRF1T AS PRFoods | €0.08 | 19.4% +€489.9k | 27.0% | PE0.4x | Consumer Staples |
