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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedMay 29, 2025
DataAggregated Company Financials
Companies303
  • 7D-0.6%
  • 3M1.4%
  • 1Y1.6%
  • YTD2.0%

In the last week, the market has been flat. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 8.8% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 May 2025NOK 3.9tNOK 3.2tNOK 305.1b11.9x12.8x1.2x
Sat, 26 Apr 2025NOK 3.7tNOK 3.3tNOK 318.8b11.9x11.6x1.1x
Mon, 24 Mar 2025NOK 4.0tNOK 3.3tNOK 319.3b12.1x12.4x1.2x
Wed, 19 Feb 2025NOK 3.8tNOK 3.3tNOK 328.5b11.2x11.6x1.1x
Fri, 17 Jan 2025NOK 3.9tNOK 3.5tNOK 338.2b12x11.4x1.1x
Sun, 15 Dec 2024NOK 3.7tNOK 3.4tNOK 336.6b11.2x11.1x1.1x
Tue, 12 Nov 2024NOK 3.7tNOK 3.4tNOK 327.4b11.1x11.3x1.1x
Thu, 10 Oct 2024NOK 3.8tNOK 3.3tNOK 309.4b11.4x12.1x1.1x
Sat, 07 Sep 2024NOK 3.7tNOK 3.3tNOK 308.9b11x11.9x1.1x
Mon, 05 Aug 2024NOK 3.8tNOK 3.3tNOK 300.2b10.8x12.6x1.1x
Wed, 03 Jul 2024NOK 3.9tNOK 3.3tNOK 286.5b11.4x13.5x1.2x
Fri, 31 May 2024NOK 4.1tNOK 3.3tNOK 280.8b11.5x14.5x1.2x
Sun, 28 Apr 2024NOK 4.0tNOK 3.4tNOK 277.6b11.4x14.4x1.2x
Tue, 26 Mar 2024NOK 3.9tNOK 3.4tNOK 300.1b11.4x13.1x1.2x
Thu, 22 Feb 2024NOK 3.8tNOK 3.3tNOK 264.9b11.3x14.2x1.1x
Sat, 20 Jan 2024NOK 3.9tNOK 3.5tNOK 349.6b10.8x11.3x1.1x
Mon, 18 Dec 2023NOK 4.0tNOK 3.5tNOK 350.0b10.4x11.4x1.1x
Wed, 15 Nov 2023NOK 4.1tNOK 3.6tNOK 361.5b10.3x11.2x1.1x
Fri, 13 Oct 2023NOK 4.1tNOK 3.8tNOK 424.5b10.7x9.7x1.1x
Sun, 10 Sep 2023NOK 4.0tNOK 3.8tNOK 414.4b10.8x9.6x1.1x
Tue, 08 Aug 2023NOK 3.9tNOK 3.6tNOK 401.9b11.1x9.6x1.1x
Thu, 06 Jul 2023NOK 3.8tNOK 3.8tNOK 502.6b11.1x7.7x1x
Sat, 03 Jun 2023NOK 3.9tNOK 3.9tNOK 521.1b11.5x7.4x1x
Mon, 01 May 2023NOK 4.0tNOK 3.8tNOK 546.5b12.1x7.3x1x
Wed, 29 Mar 2023NOK 3.8tNOK 3.7tNOK 543.1b11.7x7x1x
Fri, 24 Feb 2023NOK 4.1tNOK 3.7tNOK 576.3b11.7x7x1.1x
Sun, 22 Jan 2023NOK 3.9tNOK 3.6tNOK 485.8b11.6x8.1x1.1x
Tue, 20 Dec 2022NOK 4.0tNOK 3.6tNOK 485.8b11.5x8.2x1.1x
Thu, 17 Nov 2022NOK 4.0tNOK 3.6tNOK 485.5b11.8x8.3x1.1x
Sat, 15 Oct 2022NOK 3.8tNOK 3.4tNOK 393.1b11.9x9.7x1.1x
Mon, 12 Sep 2022NOK 4.1tNOK 3.3tNOK 373.1b12.7x10.9x1.2x
Wed, 10 Aug 2022NOK 4.2tNOK 3.2tNOK 343.9b12.5x12.2x1.3x
Fri, 08 Jul 2022NOK 4.0tNOK 3.0tNOK 299.0b12.3x13.5x1.3x
Sun, 05 Jun 2022NOK 4.2tNOK 2.9tNOK 283.4b13.4x14.8x1.5x
Price to Earnings Ratio

14.8x


Total Market Cap: NOK 4.2tTotal Earnings: NOK 283.4bTotal Revenue: NOK 2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 10.9x202320242025
Current Market PE
  • Investors are optimistic on the Norwegian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 10.9x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 2.5% per year over the last three years.
  • Revenues for these companies have grown 4.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Norwegian Market?

NO Market-0.62%
Industrials1.32%
Tech0.75%
Utilities0.16%
Consumer Discretionary0.10%
Materials0.0059%
Energy-0.07%
Real Estate-1.10%
Financials-1.93%
Consumer Staples-2.19%
Healthcare-2.33%
Telecom-2.43%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 409x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.9% which is higher than its past year's earnings decline of 8.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 28% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
KOG Kongsberg GruppenNOK 1.81k4.0%
+NOK 12.3b		104.9%PE50.8xIndustrials
YAR Yara InternationalNOK 377.202.1%
+NOK 2.0b		16.1%PE32.5xMaterials
SUBC Subsea 7NOK 173.203.5%
+NOK 1.7b		-8.5%PE26xEnergy
PUBLI Public Property InvestNOK 20.75-1.0%
NOK 1.5b		51.0%PE15.7xReal Estate
VAR Vår EnergiNOK 29.881.9%
+NOK 1.4b		-19.1%PE11.8xEnergy
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