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Latvian (OMX) Market Analysis & Valuation
UpdatedDec 23, 2025
DataAggregated Company Financials
Companies10
- 7D-0.5%
- 3M-2.2%
- 1Y-2.1%
- YTD-3.2%
The Industrials sector gained 3.9% while the market remained flat over the last week. In line with that, the market has also been flat over the past year.
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, 23 Dec 2025 | €379.0m | €575.6m | €9.4m | 22.4x | 40.4x | 0.7x |
| Thu, 20 Nov 2025 | €334.3m | €578.5m | €11.4m | 14.3x | 29.2x | 0.6x |
| Sat, 18 Oct 2025 | €331.0m | €577.4m | €10.9m | 14.5x | 30.5x | 0.6x |
| Mon, 15 Sep 2025 | €344.0m | €577.4m | €10.9m | 15.1x | 31.7x | 0.6x |
| Wed, 13 Aug 2025 | €341.6m | €572.4m | €14.2m | 13x | 24x | 0.6x |
| Fri, 11 Jul 2025 | €330.1m | €565.8m | €16.1m | 12.3x | 20.5x | 0.6x |
| Sun, 08 Jun 2025 | €327.6m | €565.8m | €16.1m | 12.4x | 20.3x | 0.6x |
| Tue, 06 May 2025 | €331.6m | €567.7m | €16.9m | 12.3x | 19.6x | 0.6x |
| Thu, 03 Apr 2025 | €322.6m | €555.1m | €17.2m | 12.5x | 18.7x | 0.6x |
| Sat, 01 Mar 2025 | €320.2m | €546.9m | €17.3m | 12.2x | 18.5x | 0.6x |
| Mon, 27 Jan 2025 | €325.5m | €548.8m | €17.6m | 12.5x | 18.5x | 0.6x |
| Wed, 25 Dec 2024 | €324.6m | €562.0m | €19.3m | 14.5x | 16.9x | 0.6x |
| Fri, 22 Nov 2024 | €321.3m | €562.8m | €18.4m | 11.4x | 17.5x | 0.6x |
| Sun, 20 Oct 2024 | €330.2m | €557.8m | €17.1m | 11.9x | 19.4x | 0.6x |
| Tue, 17 Sep 2024 | €320.8m | €557.8m | €17.1m | 11.7x | 18.8x | 0.6x |
| Thu, 15 Aug 2024 | €487.9m | €675.5m | -€40,374,652.00 | 14.5x | -12.1x | 0.7x |
| Sat, 13 Jul 2024 | €510.1m | €650.7m | -€39,055,451.00 | 13.5x | -13.1x | 0.8x |
| Mon, 10 Jun 2024 | €681.9m | €650.7m | -€39,055,451.00 | 12.8x | -17.5x | 1x |
| Wed, 08 May 2024 | €703.6m | €702.0m | -€41,580,062.00 | 13.4x | -16.9x | 1x |
| Fri, 05 Apr 2024 | €714.0m | €702.0m | -€41,524,092.00 | 13.9x | -17.2x | 1x |
| Sun, 03 Mar 2024 | €739.1m | €848.5m | €5.7m | 14.5x | 130.6x | 0.9x |
| Tue, 30 Jan 2024 | €752.4m | €878.6m | €3.0m | 15.1x | 249.2x | 0.9x |
| Thu, 28 Dec 2023 | €730.7m | €878.6m | €3.0m | 15.1x | 242x | 0.8x |
| Sat, 25 Nov 2023 | €751.3m | €1.0b | €41.3m | 16.7x | 18.2x | 0.7x |
| Mon, 23 Oct 2023 | €734.8m | €1.0b | €43.6m | 13.8x | 16.9x | 0.7x |
| Wed, 20 Sep 2023 | €721.7m | €1.0b | €43.6m | 12.7x | 16.6x | 0.7x |
| Fri, 18 Aug 2023 | €742.8m | €1.1b | €53.7m | 10.1x | 13.8x | 0.7x |
| Sun, 16 Jul 2023 | €784.4m | €1.1b | €56.1m | 11x | 14x | 0.7x |
| Tue, 13 Jun 2023 | €727.9m | €1.1b | €56.1m | 10x | 13x | 0.7x |
| Thu, 11 May 2023 | €654.6m | €1.3b | €122.5m | 8.9x | 5.3x | 0.5x |
| Sat, 08 Apr 2023 | €656.7m | €1.3b | €122.5m | 11.6x | 5.4x | 0.5x |
| Mon, 06 Mar 2023 | €743.1m | €1.3b | €127.0m | 11.7x | 5.9x | 0.6x |
| Wed, 01 Feb 2023 | €745.7m | €1.4b | €294.5m | 11.5x | 2.5x | 0.5x |
| Fri, 30 Dec 2022 | €716.8m | €1.4b | €294.5m | 11.4x | 2.4x | 0.5x |
Price to Earnings Ratio
2.4x
Current Market PE
- Investors are optimistic on the Latvian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 40.4x which is higher than its 3-year average PE of 30.6x.
Past Earnings Growth
- The earnings for companies in the Latvian industry have declined 68% 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 | -0.51% | |
| Industrials | 3.93% | |
| Tech | 2.44% | |
| Consumer Staples | 1.42% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Healthcare | 0% | 0 |
| Utilities | 0% | 0 |
| Financials | -2.89% | |
Sector PE
- Investors favour the Financials 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.
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 | |
|---|---|---|---|---|---|---|
| IDX1R IPAS Indexo | €9.58 | -4.2% €34.4m | -17.8% | PS17.9x | Financials | |
| VIRSI AS Virsi-A | €3.89 | 2.1% +€1.2m | -5.8% | PE14.3x | Consumer Discretionary | |
| KALVE AS Kalve Coffee | €17.75 | 6.0% +€1.2m | 164.9% | PE469.2x | Consumer Staples | |
| DGR1R DelfinGroup | €1.31 | 0.6% +€363.6k | 20.4% | PE7.5x | Financials | |
| RKB1R AS Rigas kugu buvetava | €0.39 | 3.1% +€140.1k | 215.2% | n/a | Industrials |
