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Estonia (OMX) Market Analysis & Valuation
UpdatedJun 21, 2025
DataAggregated Company Financials
Companies31
- 7D-0.9%
- 3M7.9%
- 1Y12.2%
- YTD13.2%
The Communication Services sector gained 3.1% while the market remained flat over the last week. As for the longer term, the market has risen 12% in the past 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.
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, 23 Jun 2025 | €5.7b | €5.2b | €488.2m | 15.2x | 11.7x | 1.1x |
| Wed, 21 May 2025 | €5.7b | €5.1b | €484.3m | 15.1x | 11.8x | 1.1x |
| Fri, 18 Apr 2025 | €5.5b | €5.1b | €583.7m | 11.8x | 9.4x | 1.1x |
| Sun, 16 Mar 2025 | €5.3b | €5.1b | €589.7m | 9.6x | 9x | 1x |
| Tue, 11 Feb 2025 | €5.3b | €5.0b | €618.3m | 10.2x | 8.6x | 1.1x |
| Thu, 09 Jan 2025 | €5.0b | €5.0b | €610.2m | 10.8x | 8.2x | 1x |
| Sat, 07 Dec 2024 | €4.9b | €5.0b | €610.2m | 11.2x | 8x | 1x |
| Mon, 04 Nov 2024 | €5.0b | €4.8b | €669.0m | 10.2x | 7.4x | 1x |
| Wed, 02 Oct 2024 | €4.8b | €4.8b | €691.2m | 9.6x | 7x | 1x |
| Fri, 30 Aug 2024 | €4.9b | €4.8b | €691.1m | 9.5x | 7.1x | 1x |
| Sun, 28 Jul 2024 | €5.0b | €4.8b | €734.3m | 11.4x | 6.8x | 1x |
| Tue, 25 Jun 2024 | €5.0b | €4.8b | €734.2m | 11x | 6.9x | 1x |
| Thu, 23 May 2024 | €5.2b | €4.8b | €738.3m | 11.4x | 7x | 1.1x |
| Sat, 20 Apr 2024 | €5.2b | €4.9b | €713.4m | 11.1x | 7.3x | 1.1x |
| Mon, 18 Mar 2024 | €5.1b | €4.9b | €715.2m | 11.2x | 7.2x | 1x |
| Wed, 14 Feb 2024 | €5.0b | €5.0b | €713.3m | 11.3x | 7x | 1x |
| Fri, 12 Jan 2024 | €5.1b | €5.0b | €709.1m | 10.2x | 7.2x | 1x |
| Sun, 10 Dec 2023 | €4.4b | €3.8b | €441.1m | 11.4x | 10x | 1.2x |
| Tue, 07 Nov 2023 | €4.5b | €3.9b | €455.2m | 10.1x | 10x | 1.2x |
| Thu, 05 Oct 2023 | €4.7b | €3.8b | €415.9m | 11.6x | 11.3x | 1.2x |
| Sat, 02 Sep 2023 | €4.6b | €3.8b | €414.9m | 11.4x | 11.1x | 1.2x |
| Mon, 31 Jul 2023 | €4.8b | €3.8b | €454.1m | 11.1x | 10.6x | 1.3x |
| Wed, 28 Jun 2023 | €4.8b | €3.7b | €386.6m | 12.8x | 12.4x | 1.3x |
| Fri, 26 May 2023 | €4.9b | €3.7b | €382.7m | 13.4x | 12.7x | 1.3x |
| Sun, 23 Apr 2023 | €4.9b | €3.6b | €348.3m | 13.9x | 14.2x | 1.4x |
| Tue, 21 Mar 2023 | €4.9b | €3.5b | €322.0m | 14.9x | 15.2x | 1.4x |
| Thu, 16 Feb 2023 | €5.0b | €3.5b | €321.8m | 12.9x | 15.5x | 1.4x |
| Sat, 14 Jan 2023 | €4.8b | €3.4b | €311.5m | 12.4x | 15.5x | 1.4x |
| Mon, 12 Dec 2022 | €4.7b | €3.4b | €311.5m | 12.2x | 15.1x | 1.4x |
| Wed, 09 Nov 2022 | €4.5b | €3.4b | €306.9m | 12.6x | 14.8x | 1.3x |
| Fri, 07 Oct 2022 | €4.4b | €3.2b | €274.0m | 11.2x | 16.1x | 1.4x |
| Sun, 04 Sep 2022 | €4.7b | €3.2b | €275.1m | 11.6x | 17.1x | 1.5x |
| Tue, 02 Aug 2022 | €4.7b | €3.1b | €274.2m | 12.6x | 17x | 1.5x |
| Thu, 30 Jun 2022 | €4.6b | €3.0b | €250.7m | 13.4x | 18.3x | 1.5x |
Price to Earnings Ratio
18.3x
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 11.0x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 25% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -0.91% | |
| Telecom | 3.07% | |
| Utilities | 0.29% | |
| Consumer Staples | -0.30% | |
| Financials | -0.78% | |
| Consumer Discretionary | -1.06% | |
| Healthcare | -1.59% | |
| Tech | -1.94% | |
| Real Estate | -2.11% | |
| Industrials | -2.82% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
- 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 5.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 4.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 3.0% 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 | €47.90 | 0.4% +€4.1m | 21.3% | PE7.9x | Utilities | |
| TVE1T AS Tallinna Vesi | €10.75 | 0.9% +€2.0m | 3.4% | PE15.7x | Utilities | |
| PRIMO Primostar Group | €5.70 | 11.8% +€1.2m | n/a | n/a | Industrials | |
| EEG1T AS Ekspress Grupp | €1.04 | 3.5% +€1.1m | 1.5% | PE11.1x | Telecom | |
| TSM1T AS Tallinna Sadam | €1.20 | 0.2% +€526.0k | 9.1% | PE15.2x | Industrials |
