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Latvian (OMX) Market Analysis & Valuation

UpdatedMar 19, 2025
DataAggregated Company Financials
Companies10
  • 7D-0.2%
  • 3M0.5%
  • 1Y-8.7%
  • YTD-0.8%

The Industrials sector gained 4.2% while the market remained flat over the last week. Unfortunately though, the market is down 8.7% over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Mar 2025€326.6m€556.7m€16.1m12.5x20.2x0.6x
Fri, 14 Feb 2025€321.9m€548.8m€17.6m12.2x18.3x0.6x
Sun, 12 Jan 2025€327.7m€548.8m€17.6m12.4x18.6x0.6x
Tue, 10 Dec 2024€329.8m€562.0m€19.3m12.4x17.1x0.6x
Thu, 07 Nov 2024€327.3m€557.8m€17.1m11.7x19.2x0.6x
Sat, 05 Oct 2024€326.5m€557.8m€17.1m11.7x19.1x0.6x
Mon, 02 Sep 2024€491.4m€673.8m-€38,712,505.0011.9x-12.7x0.7x
Wed, 31 Jul 2024€479.1m€650.7m-€39,055,451.0012.9x-12.3x0.7x
Fri, 28 Jun 2024€612.4m€650.7m-€39,055,451.0012.4x-15.7x0.9x
Sun, 26 May 2024€661.2m€703.8m-€41,856,561.0013.1x-15.8x0.9x
Tue, 23 Apr 2024€713.4m€702.0m-€41,580,062.0013.4x-17.2x1x
Thu, 21 Mar 2024€724.1m€702.0m-€41,524,092.0013.7x-17.4x1x
Sat, 17 Feb 2024€721.0m€848.2m€6.0m14.6x119.4x0.9x
Mon, 15 Jan 2024€749.8m€878.6m€3.0m15.3x248.3x0.9x
Wed, 13 Dec 2023€736.4m€878.6m€3.0m14.6x243.9x0.8x
Fri, 10 Nov 2023€776.0m€1.0b€45.4m15.3x17.1x0.8x
Sun, 08 Oct 2023€717.4m€1.0b€43.6m13x16.5x0.7x
Tue, 05 Sep 2023€735.9m€1.0b€43.6m13.5x16.9x0.7x
Thu, 03 Aug 2023€842.7m€1.1b€56.1m12x15x0.8x
Sat, 01 Jul 2023€776.8m€1.1b€56.1m11x13.8x0.7x
Mon, 29 May 2023€720.1m€1.1b€58.4m10.2x12.3x0.7x
Wed, 26 Apr 2023€647.9m€1.3b€122.6m11.3x5.3x0.5x
Fri, 24 Mar 2023€668.0m€1.3b€122.5m11.4x5.5x0.5x
Sun, 19 Feb 2023€744.3m€1.4b€294.6m11.6x2.5x0.5x
Tue, 17 Jan 2023€736.2m€1.4b€294.5m11.5x2.5x0.5x
Thu, 15 Dec 2022€720.8m€1.4b€294.5m11.5x2.4x0.5x
Sat, 12 Nov 2022€694.2m€1.3b€113.5m6.9x6.1x0.5x
Mon, 10 Oct 2022€698.0m€1.3b€113.5m6.8x6.1x0.5x
Wed, 07 Sep 2022€708.6m€1.3b€113.4m7.1x6.2x0.5x
Fri, 05 Aug 2022€727.4m€1.2b€84.2m11.3x8.6x0.6x
Sun, 03 Jul 2022€709.7m€1.2b€84.2m9.7x8.4x0.6x
Tue, 31 May 2022€654.5m€1.2b€84.0m10x7.8x0.5x
Thu, 28 Apr 2022€645.7m€985.9m€32.2m12.7x20x0.7x
Sat, 26 Mar 2022€874.2m€1.2b€53.6m9.6x16.3x0.7x
Price to Earnings Ratio

16.3x


Total Market Cap: €874.2mTotal Earnings: €53.6mTotal Revenue: €1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Latvian Market Price to Earnings3Y Average 26.8x202320242025
Current Market PE
  • Investors are pessimistic on the Latvian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 20.2x which is lower than its 3-year average PE of 26.8x.
Past Earnings Growth
  • The earnings for companies in the Latvian industry have declined 33% per year over the last three years.
  • Revenues have also declined 23% 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-0.17%
Industrials4.17%
Tech1.23%
Consumer Staples0.95%
Real Estate0%0
Materials0%0
Healthcare0%0
Utilities0%0
Financials-1.20%
Consumer Discretionary-1.46%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 23.7x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
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?

CompanyLast Price7D1YValuationSector
KALVE AS Kalve Coffee€9.0024.3%
+€2.1m
n/aPE57.8xConsumer Staples
MDARA AS MADARA Cosmetics€10.001.0%
+€378.0k
-29.3%PE6.9xConsumer Staples
SAF1R SAF Tehnika€6.601.2%
+€237.6k
-1.5%PS0.7xTech
RKB1R AS Rigas kugu buvetava€0.134.2%
+€58.4k
58.2%PS0.9xIndustrials
SCM1R AS Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija€5.800.9%
+€21.1k
-22.7%PE73xConsumer Staples
See more
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Market Insights

The market’s latest pullback is getting pinned on the escalating trade war. Tariffs are dominating the headlines, right alongside sinking GDP forecasts. But beneath the surface, there’s a growing unease about valuations and earnings. So this week, we’re diving into that side of the story, how valuations and earnings fit into the bigger picture of tariffs, growth, inflation, and interest rates. Sure, we’re mostly talking about the U.S. market here, but trust us, this matters everywhere.

Latest News

KALVE

€9.00

AS Kalve Coffee

7D

24.3%

1Y

n/a

VIRSI

€4.04

AS Virsi-A

7D

-1.5%

1Y

-4.0%

SAF1R

€6.60

SAF Tehnika

7D

1.2%

1Y

-1.5%

BAL1R

€8.30

AS Amber Latvijas balzams

7D

-1.8%

1Y

-7.3%

EGG

€4.59

AS APF Holdings

7D

-0.2%

1Y

8.0%

DGR1R

€1.15

DelfinGroup

7D

-2.4%

1Y

-7.8%

SCM1R

€5.80

AS Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija

7D

0.9%

1Y

-22.7%

RKB1R

€0.13

AS Rigas kugu buvetava

7D

4.2%

1Y

58.2%