Latvian (OMX) Market Analysis & Valuation

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 17 Feb 2026	€374.3m	€584.1m	€11.9m	15.8x	31.5x	0.6x
Thu, 15 Jan 2026	€391.6m	€575.6m	€9.4m	26.4x	41.8x	0.7x
Sat, 13 Dec 2025	€339.6m	€575.6m	€9.4m	23x	36.2x	0.6x
Mon, 10 Nov 2025	€332.5m	€579.0m	€11.6m	14.2x	28.8x	0.6x
Wed, 08 Oct 2025	€333.0m	€577.4m	€10.9m	14.3x	30.7x	0.6x
Fri, 05 Sep 2025	€344.6m	€576.0m	€12.2m	14.3x	28.3x	0.6x
Sun, 03 Aug 2025	€342.6m	€565.8m	€16.1m	12.1x	21.3x	0.6x
Tue, 01 Jul 2025	€331.7m	€565.8m	€16.1m	12.3x	20.6x	0.6x
Thu, 29 May 2025	€324.1m	€568.8m	€15.1m	13.8x	21.4x	0.6x
Sat, 26 Apr 2025	€315.3m	€567.7m	€17.1m	12.3x	18.5x	0.6x
Mon, 24 Mar 2025	€324.1m	€556.7m	€16.1m	12.5x	20.1x	0.6x
Wed, 19 Feb 2025	€320.8m	€546.9m	€17.3m	12.1x	18.6x	0.6x
Fri, 17 Jan 2025	€328.2m	€548.8m	€17.6m	12.4x	18.7x	0.6x
Sun, 15 Dec 2024	€325.9m	€562.0m	€19.3m	12.8x	16.9x	0.6x
Tue, 12 Nov 2024	€323.5m	€567.7m	€16.1m	11.4x	20.1x	0.6x
Thu, 10 Oct 2024	€327.4m	€557.8m	€17.1m	11.7x	19.2x	0.6x
Sat, 07 Sep 2024	€319.5m	€557.8m	€17.1m	11.5x	18.7x	0.6x
Mon, 05 Aug 2024	€478.1m	€650.7m	-€39,055,451.00	12.8x	-12.2x	0.7x
Wed, 03 Jul 2024	€495.2m	€650.7m	-€39,055,451.00	13.5x	-12.7x	0.8x
Fri, 31 May 2024	€660.3m	€654.3m	-€40,130,561.00	13.3x	-16.5x	1x
Sun, 28 Apr 2024	€704.5m	€702.0m	-€41,580,062.00	13.4x	-16.9x	1x
Tue, 26 Mar 2024	€720.2m	€702.0m	-€41,524,092.00	13.8x	-17.3x	1x
Thu, 22 Feb 2024	€730.9m	€848.2m	€6.0m	14.7x	121x	0.9x
Sat, 20 Jan 2024	€763.6m	€878.6m	€3.0m	15.1x	252.9x	0.9x
Mon, 18 Dec 2023	€720.2m	€878.6m	€3.0m	14.9x	238.5x	0.8x
Wed, 15 Nov 2023	€759.1m	€1.0b	€41.3m	17x	18.4x	0.8x
Fri, 13 Oct 2023	€717.1m	€1.0b	€43.6m	13x	16.5x	0.7x
Sun, 10 Sep 2023	€725.6m	€1.0b	€43.6m	13x	16.7x	0.7x
Tue, 08 Aug 2023	€864.2m	€1.1b	€56.1m	12.1x	15.4x	0.8x
Thu, 06 Jul 2023	€798.9m	€1.1b	€56.1m	11.4x	14.2x	0.7x
Sat, 03 Jun 2023	€723.0m	€1.1b	€56.1m	10.2x	12.9x	0.7x
Mon, 01 May 2023	€653.8m	€1.3b	€122.6m	11.3x	5.3x	0.5x
Wed, 29 Mar 2023	€668.5m	€1.3b	€122.5m	11.4x	5.5x	0.5x
Fri, 24 Feb 2023	€740.1m	€1.4b	€294.6m	11.7x	2.5x	0.5x

Current Market PE

Investors are relatively neutral on the Latvian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.

The market is trading at a PE ratio close to its 3-year average PE ratio of 32.5x.

Past Earnings Growth

The earnings for companies in the Latvian industry have declined 66% per year over the last three years.
Revenues have also declined 25% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Latvian Market?


LV Market	1.44%
Tech	21.73%
Consumer Discretionary	0.75%
Financials	0.67%
Real Estate	0%	0
Materials	0%	0
Industrials	0%	0
Healthcare	0%	0
Utilities	0%	0
Consumer Staples	-1.14%

Sector PE

Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 10.2x.

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. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 11.7x.

Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation	Sector
SAF1R SAF Tehnika	€9.86	21.7% +€5.2m	59.5%	PE16.8x	Tech
DGR1R DelfinGroup	€1.32	1.1% +€636.3k	15.6%	PE7.5x	Financials
IDX1R IPAS Indexo	€9.54	0.4% +€409.9k	-4.6%	PS18.2x	Financials
VIRSI AS Virsi-A	€4.03	0.2% +€151.4k	-2.2%	PE14.8x	Consumer Discretionary

Company

Last Price

Valuation

Sector

SAF1R SAF Tehnika

€9.86

21.7%
+€5.2m

59.5%

PE16.8x

Tech

DGR1R DelfinGroup

€1.32