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Latvian (OMX) Market Analysis & Valuation

UpdatedApr 13, 2025
DataAggregated Company Financials
Companies10
  • 7D-2.0%
  • 3M-4.9%
  • 1Y-10.7%
  • YTD-4.9%

Over the last 7 days, the market has dropped 2.0%, driven by declines in every sector, especially the Financials sector. As for last year, the market is also down 11%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Apr 2025€313.0m€567.7m€17.2m12.2x18.2x0.6x
Tue, 11 Mar 2025€328.4m€556.7m€16.1m12.7x20.4x0.6x
Thu, 06 Feb 2025€319.5m€548.8m€17.6m12.2x18.2x0.6x
Sat, 04 Jan 2025€329.1m€548.8m€17.6m12.4x18.7x0.6x
Mon, 02 Dec 2024€322.9m€559.1m€19.1m11.2x16.9x0.6x
Wed, 30 Oct 2024€326.5m€557.8m€17.1m11.6x19.1x0.6x
Fri, 27 Sep 2024€323.8m€557.8m€17.1m11.1x19x0.6x
Sun, 25 Aug 2024€491.3m€672.9m-€41,804,419.0014.3x-11.8x0.7x
Tue, 23 Jul 2024€513.7m€650.7m-€39,055,451.0012.9x-13.2x0.8x
Thu, 20 Jun 2024€680.6m€650.7m-€39,055,451.0012.1x-17.4x1x
Sat, 18 May 2024€689.0m€703.5m-€41,542,739.0013.4x-16.6x1x
Mon, 15 Apr 2024€717.8m€702.0m-€41,524,092.0013.6x-17.3x1x
Wed, 13 Mar 2024€732.3m€801.4m€2.8m14x262.9x0.9x
Fri, 09 Feb 2024€733.3m€848.4m€6.0m15x121.4x0.9x
Sun, 07 Jan 2024€743.4m€878.6m€3.0m15x246.2x0.8x
Tue, 05 Dec 2023€749.7m€1.0b€43.6m13.6x17.2x0.7x
Thu, 02 Nov 2023€730.0m€1.0b€43.6m13.8x16.8x0.7x
Sat, 30 Sep 2023€708.8m€1.0b€43.6m12.6x16.3x0.7x
Mon, 28 Aug 2023€751.9m€1.1b€53.7m10.3x14x0.7x
Wed, 26 Jul 2023€785.9m€1.1b€56.1m11.3x14x0.7x
Fri, 23 Jun 2023€728.0m€1.1b€56.1m10.2x13x0.7x
Sun, 21 May 2023€654.4m€1.3b€118.5m10.2x5.5x0.5x
Tue, 18 Apr 2023€654.6m€1.3b€122.6m11.4x5.3x0.5x
Thu, 16 Mar 2023€737.4m€1.3b€128.5m11.4x5.7x0.6x
Sat, 11 Feb 2023€746.8m€1.4b€293.6m11.6x2.5x0.5x
Mon, 09 Jan 2023€722.2m€1.4b€294.5m11.5x2.5x0.5x
Wed, 07 Dec 2022€704.1m€1.4b€294.5m11.4x2.4x0.5x
Fri, 04 Nov 2022€697.3m€1.3b€113.5m6.9x6.1x0.5x
Sun, 02 Oct 2022€673.3m€1.3b€113.5m6.9x5.9x0.5x
Tue, 30 Aug 2022€720.3m€1.3b€85.1m11.7x8.5x0.6x
Thu, 28 Jul 2022€745.8m€1.2b€84.2m11.3x8.9x0.6x
Sat, 25 Jun 2022€693.9m€1.2b€84.2m9.7x8.2x0.6x
Mon, 23 May 2022€648.2m€987.3m€32.7m11.9x19.8x0.7x
Wed, 20 Apr 2022€679.9m€985.9m€32.2m12.6x21.1x0.7x
Price to Earnings Ratio

21.1x


Total Market Cap: €679.9mTotal Earnings: €32.2mTotal Revenue: €985.9mTotal 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 18.3x 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 19% per year over the last three years.
  • Revenues have also declined 17% 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-1.96%
Real Estate0%0
Materials0%0
Healthcare0%0
Utilities0%0
Consumer Staples-0.60%
Tech-0.97%
Consumer Discretionary-0.98%
Industrials-4.17%
Financials-4.54%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 24.5x.
    • 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
EGG AS APF Holdings€5.008.2%
+€2.2m
19.0%PS2.3xConsumer Staples
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Market Insights

Markets have been setting all kinds of records lately, some good, some less so. Major indexes have posted some of the biggest one-day point moves in history. In percentage terms...

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RKB1R

€0.12

AS Rigas kugu buvetava

7D

-4.2%

1Y

16.2%

DGR1R

€1.14

DelfinGroup

7D

-0.2%

1Y

-8.5%

EGG

€5.00

AS APF Holdings

7D

8.2%

1Y

19.0%

IDX1R

€9.36

IPAS Indexo

7D

-9.1%

1Y

-22.6%

VIRSI

€4.03

AS Virsi-A

7D

-1.0%

1Y

-3.1%

SAF1R

€6.12

SAF Tehnika

7D

-1.0%

1Y

-5.3%

BAL1R

€7.90

AS Amber Latvijas balzams

7D

-1.9%

1Y

-11.7%