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Latvian (OMX) Market Analysis & Valuation
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies10
- 7D-0.5%
- 3M4.9%
- 1Y3.1%
- YTD2.9%
The market has been flat in the last week, however the Industrials sector is down 5.0%. As for the longer term, the market has risen 3.1% in the past 12 months.
Market Valuation and Performance
Has the Latvian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | €396.0m | €575.6m | €9.4m | 27.6x | 42.3x | 0.7x |
| Sat, 27 Dec 2025 | €380.1m | €575.6m | €9.4m | 22.4x | 40.6x | 0.7x |
| Mon, 24 Nov 2025 | €334.6m | €578.4m | €11.4m | 14.4x | 29.2x | 0.6x |
| Wed, 22 Oct 2025 | €331.9m | €577.4m | €10.9m | 14.5x | 30.6x | 0.6x |
| Fri, 19 Sep 2025 | €343.8m | €577.4m | €10.9m | 15.1x | 31.7x | 0.6x |
| Sun, 17 Aug 2025 | €333.1m | €572.4m | €14.2m | 12.6x | 23.5x | 0.6x |
| Tue, 15 Jul 2025 | €328.5m | €565.8m | €16.1m | 12.1x | 20.4x | 0.6x |
| Thu, 12 Jun 2025 | €328.7m | €565.8m | €16.1m | 12.3x | 20.4x | 0.6x |
| Sat, 10 May 2025 | €329.6m | €567.7m | €16.0m | 13.9x | 20.6x | 0.6x |
| Mon, 07 Apr 2025 | €319.3m | €567.7m | €17.2m | 12.4x | 18.6x | 0.6x |
| Wed, 05 Mar 2025 | €320.6m | €563.2m | €17.9m | 10.6x | 17.9x | 0.6x |
| Fri, 31 Jan 2025 | €323.2m | €548.8m | €17.6m | 12.3x | 18.4x | 0.6x |
| Sun, 29 Dec 2024 | €328.4m | €562.0m | €19.3m | 15.8x | 17x | 0.6x |
| Tue, 26 Nov 2024 | €321.1m | €562.9m | €18.4m | 11.5x | 17.5x | 0.6x |
| Thu, 24 Oct 2024 | €328.2m | €557.8m | €17.1m | 11.7x | 19.2x | 0.6x |
| Sat, 21 Sep 2024 | €321.8m | €557.8m | €17.1m | 11.3x | 18.9x | 0.6x |
| Mon, 19 Aug 2024 | €488.1m | €675.5m | -€40,374,652.00 | 14.5x | -12.1x | 0.7x |
| Wed, 17 Jul 2024 | €510.3m | €650.7m | -€39,055,451.00 | 12.9x | -13.1x | 0.8x |
| Fri, 14 Jun 2024 | €677.3m | €650.7m | -€39,055,451.00 | 12.7x | -17.3x | 1x |
| Sun, 12 May 2024 | €700.8m | €702.0m | -€41,580,062.00 | 13.3x | -16.9x | 1x |
| Tue, 09 Apr 2024 | €720.0m | €702.0m | -€41,524,092.00 | 13.7x | -17.3x | 1x |
| Thu, 07 Mar 2024 | €734.9m | €801.4m | €2.8m | 14.1x | 263.8x | 0.9x |
| Sat, 03 Feb 2024 | €764.4m | €878.6m | €3.0m | 15x | 253.1x | 0.9x |
| Mon, 01 Jan 2024 | €741.8m | €878.6m | €3.0m | 15.3x | 245.7x | 0.8x |
| Wed, 29 Nov 2023 | €750.8m | €1.0b | €41.3m | 16.5x | 18.2x | 0.7x |
| Fri, 27 Oct 2023 | €739.1m | €1.0b | €43.6m | 13.9x | 17x | 0.7x |
| Sun, 24 Sep 2023 | €698.2m | €1.0b | €43.6m | 12.3x | 16x | 0.7x |
| Tue, 22 Aug 2023 | €738.4m | €1.1b | €53.7m | 10x | 13.8x | 0.7x |
| Thu, 20 Jul 2023 | €784.8m | €1.1b | €56.1m | 11x | 14x | 0.7x |
| Sat, 17 Jun 2023 | €721.9m | €1.1b | €56.1m | 10.1x | 12.9x | 0.7x |
| Mon, 15 May 2023 | €648.6m | €1.3b | €118.5m | 10.6x | 5.5x | 0.5x |
| Wed, 12 Apr 2023 | €656.7m | €1.3b | €122.5m | 11.4x | 5.4x | 0.5x |
| Fri, 10 Mar 2023 | €734.1m | €1.3b | €128.5m | 11.5x | 5.7x | 0.6x |
| Sun, 05 Feb 2023 | €747.1m | €1.4b | €294.5m | 11.6x | 2.5x | 0.5x |
Price to Earnings Ratio
2.5x
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 42.3x which is higher than its 3-year average PE of 31.9x.
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 | -0.53% | |
| Financials | 0.92% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Healthcare | 0% | 0 |
| Utilities | 0% | 0 |
| Consumer Discretionary | -0.25% | |
| Tech | -0.96% | |
| Consumer Staples | -1.90% | |
| Industrials | -5.00% | |
Sector PE
- Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 2.9x.
- 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 | €9.50 | 0.8% +€2.8m | -13.2% | PS18.1x | Financials | |
| VIRSI AS Virsi-A | €4.06 | 1.0% +€605.8k | -1.9% | PE14.9x | Consumer Discretionary | |
| SCM1R AS Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija | €6.40 | 23.1% +€506.9k | 17.4% | PE29.4x | Consumer Staples | |
| MDARA AS MADARA Cosmetics | €11.90 | 0.8% +€378.3k | 10.7% | PE27.4x | Consumer Staples | |
| BAL1R AS Amber Latvijas balzams | €6.50 | 0.8% +€374.8k | -24.4% | PE28.7x | Consumer Staples |
