Lithuanian (OMXV) Market Analysis & Valuation

Market Valuation and Performance

Has the Lithuanian Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 01 Jul 2026	Lt6.0b	Lt8.0b	Lt667.1m	8.4x	9x	0.8x
Fri, 29 May 2026	Lt6.0b	Lt8.0b	Lt665.6m	8.4x	9x	0.7x
Sun, 26 Apr 2026	Lt6.1b	Lt7.8b	Lt585.0m	9.1x	10.4x	0.8x
Tue, 24 Mar 2026	Lt5.8b	Lt7.8b	Lt581.6m	9.1x	10x	0.7x
Thu, 19 Feb 2026	Lt6.0b	Lt7.7b	Lt575.8m	8.2x	10.5x	0.8x
Sat, 17 Jan 2026	Lt6.0b	Lt7.7b	Lt570.8m	8.4x	10.6x	0.8x
Mon, 15 Dec 2025	Lt5.6b	Lt7.8b	Lt571.8m	7.7x	9.8x	0.7x
Wed, 12 Nov 2025	Lt5.5b	Lt7.8b	Lt597.3m	6.9x	9.2x	0.7x
Fri, 10 Oct 2025	Lt5.4b	Lt7.8b	Lt595.1m	7.1x	9.1x	0.7x
Sun, 07 Sep 2025	Lt5.4b	Lt7.8b	Lt594.0m	7.1x	9.1x	0.7x
Tue, 05 Aug 2025	Lt5.3b	Lt7.6b	Lt611.6m	7.3x	8.6x	0.7x
Thu, 03 Jul 2025	Lt5.3b	Lt7.6b	Lt614.4m	7.1x	8.6x	0.7x
Sat, 31 May 2025	Lt5.3b	Lt7.5b	Lt622.5m	7x	8.5x	0.7x
Mon, 28 Apr 2025	Lt5.3b	Lt7.4b	Lt693.6m	7.6x	7.6x	0.7x
Wed, 26 Mar 2025	Lt5.3b	Lt7.3b	Lt705.3m	7.7x	7.4x	0.7x
Fri, 21 Feb 2025	Lt5.4b	Lt7.3b	Lt722.9m	7.8x	7.5x	0.7x
Sun, 19 Jan 2025	Lt5.2b	Lt7.2b	Lt706.9m	7.8x	7.3x	0.7x
Tue, 17 Dec 2024	Lt4.9b	Lt7.2b	Lt703.7m	7.6x	6.9x	0.7x
Thu, 14 Nov 2024	Lt4.8b	Lt7.2b	Lt706.3m	7.5x	6.8x	0.7x
Sat, 12 Oct 2024	Lt4.8b	Lt7.2b	Lt733.4m	7.2x	6.5x	0.7x
Mon, 09 Sep 2024	Lt4.6b	Lt7.2b	Lt729.5m	7.2x	6.3x	0.6x
Wed, 07 Aug 2024	Lt4.5b	Lt7.3b	Lt700.0m	6.6x	6.5x	0.6x
Fri, 05 Jul 2024	Lt4.6b	Lt7.3b	Lt699.4m	6.9x	6.5x	0.6x
Sun, 02 Jun 2024	Lt4.5b	Lt7.3b	Lt696.5m	7x	6.5x	0.6x
Tue, 30 Apr 2024	Lt4.6b	Lt7.5b	Lt685.8m	6.4x	6.7x	0.6x
Thu, 28 Mar 2024	Lt4.6b	Lt7.6b	Lt632.5m	6.9x	7.3x	0.6x
Sat, 24 Feb 2024	Lt4.6b	Lt8.5b	Lt669.5m	6.5x	6.9x	0.5x
Mon, 22 Jan 2024	Lt4.6b	Lt8.5b	Lt671.3m	6.1x	6.9x	0.5x
Wed, 20 Dec 2023	Lt4.6b	Lt8.5b	Lt655.3m	8x	6.9x	0.5x
Fri, 17 Nov 2023	Lt4.5b	Lt9.5b	Lt665.6m	7.2x	6.8x	0.5x
Sun, 15 Oct 2023	Lt4.5b	Lt9.5b	Lt592.7m	7.3x	7.7x	0.5x
Tue, 12 Sep 2023	Lt4.7b	Lt9.5b	Lt592.7m	7.7x	7.9x	0.5x
Thu, 10 Aug 2023	Lt4.7b	Lt9.9b	Lt655.2m	8.5x	7.1x	0.5x
Sat, 08 Jul 2023	Lt4.8b	Lt9.8b	Lt623.7m	8.5x	7.7x	0.5x

Current Market PE

Investors are optimistic on the Lithuanian market, and appear confident in strong long term growth rates.

The market is trading at a PE ratio of 9.0x which is higher than its 3-year average PE of 7.9x.

Past Earnings Growth

The earnings for Lithuanian listed companies have grown 2.3% per year over the last three years.
Meanwhile revenues for these companies have declined 6.7% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Lithuanian Market?


LT Market	0.70%
Tech	2.90%
Financials	1.51%
Consumer Staples	1.32%
Utilities	0.50%
Telecom	0.46%
Consumer Discretionary	0.45%
Energy	-0.21%
Materials	-0.49%
Real Estate	-0.68%
Industrials	-7.56%

Sector PE

Investors favour the Telecom sector the most for future growth, which is trading close to its 3-year average PE ratio of 14.0x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

The Tech sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.3x.

Forecasted Growth

Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 16% over the next 5 years.
This is better than its past earnings growth rate of 6.1% per year.

In contrast, the Utilities sector is expected to see its earnings grow by 15% 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
IVL1L Invalda INVL	€27.60	5.3% +€17.4m	40.8%	PE7.3x	Financials
VLP1L AB Vilkyskiu pienine	€15.85	7.1% +€12.5m	41.5%	PE15.8x	Consumer Staples
LGD1L Litgrid	€1.02	2.4% +€12.1m	24.7%	PE5.2x	Utilities
ROE1L AB Artea bankas	€0.90	1.8% +€10.4m	7.2%	PB1x	Financials
APG1L APB Apranga	€3.85	1.3% +€2.8m	34.6%	PE13x	Consumer Discretionary

Company

Last Price

Valuation

Sector

IVL1L Invalda INVL

€27.60

5.3%
+€17.4m

40.8%

PE7.3x

Financials

VLP1L AB Vilkyskiu pienine

€15.85

7.1%
+€12.5m

41.5%

PE15.8x

Consumer Staples

LGD1L Litgrid

€1.02

2.4%
+€12.1m

24.7%

PE5.2x

Utilities

ROE1L AB Artea bankas

€0.90

1.8%
+€10.4m

7.2%

PB1x

Financials

APG1L APB Apranga

€3.85

1.3%
+€2.8m

34.6%

PE13x

Consumer Discretionary

AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight Agreement

AB Novaturas informed that on 29 June 2026, the Court of Appeal of Lithuania adopted a ruling in the case between the Company and UAB “GetJet Airlines” (hereinafter – GetJet Airlines) concerning the dispute between the parties related to the (non-)performance of contractual obligations under the charter flight agreement concluded on 3 December 2018 (hereinafter – the Agreement) during the COVID-19 pandemic period. The Company reminds that, as described in greater detail in the Company’s notice of 28 November 2024, by its ruling of 28 November 2024, the Supreme Court of Lithuania, inter alia, set aside part of the ruling of the Court of Appeal of Lithuania of 7 March 2024 which had upheld part of the judgment of the Vilnius Regional Court of 11 September 2023 regarding the termination of the Agreement by court decision as of 1 January 2021, the award of EUR 1,150,000 in contractual penalties and 8% annual interest against the Company, as well as the allocation of litigation costs, and remitted these parts of the case for re-examination by the appellate court. On 29 June 2026, the Court of Appeal of Lithuania amended part of the Vilnius Regional Court's judgment of 11 September 2023 concerning the award of liquidated damages and legal costs, and decided to partially uphold GetJet Airlines' claim – ordering the Company to pay GetJet Airlines EUR 4,500,000 in penalties and annual interest at a rate of 8 per cent, calculated on the awarded sum from 5 March 2021 until the judgment is fully enforced. Given that the Company has already paid EUR 1,150,000 in penalties pursuant to a previous court judgment, the additional amount payable is EUR 3,350,000 (without the above indicated interest and litigation costs). The Court of Appeal left the remaining part of the Vilnius Regional Court’s judgment of 11 September 2023 unchanged. The ruling of the Court of Appeal of Lithuania entered into force on 29 June 2026 and is enforceable. Both parties have the right to file a cassation appeal with the Supreme Court of Lithuania within three months from the date on which the ruling entered into force. The Company is considering filing a cassation appeal with the Supreme Court of Lithuania. Disregarding this, there may be no guarantee that the Supreme Court of Lithuania will accept the cassation appeal at all and/or that it will change the above ruling of the Court of Appeal of Lithuania in favour of the Company.

Lithuanian (OMXV) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Market Insights

Finding dividends that actually last

Latest News

AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight Agreement

INVL Family Office Introduces Global PE Secondaries Access Fund Investing In Private Equity Secondary Market

Now 21% undervalued

New minor risk - Share price stability

New minor risk - Financial position

First quarter 2026 earnings released: EPS: €0.38 (vs €0.32 in 1Q 2025)

Third quarter 2026 earnings released: EPS: €0.04 (vs €0.08 in 3Q 2025)

First quarter 2026 earnings released: EPS: €0.02 (vs €0.012 in 1Q 2025)

AB Artea Bankas Announces Board Elections, Effective May 14, 2026

Dividend increased to €0.27

Auga Group AB, Annual General Meeting, May 22, 2026

Dividend reduced to €0.23

New minor risk - Dividend sustainability

New minor risk - Share price stability

AB INVL Baltic Farmland Proposes Dividend for the Year 2025

New major risk - Earnings quality