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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies349
  • 7D2.1%
  • 3M5.0%
  • 1Y12.3%
  • YTD1.7%

The market has climbed 2.1% in the last 7 days, lead by the Energy sector with a gain of 2.2%. The market is up 12% over the last 12 months. As for the next few years, earnings are expected to grow by 1.2% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022kr4.1tkr2.9tkr249.0b13.4x
Wed, 20 Apr 2022kr4.3tkr2.5tkr196.1b14.8x
Fri, 18 Mar 2022kr4.0tkr2.5tkr201.3b13.9x
Sun, 13 Feb 2022kr4.0tkr2.4tkr181.6b14.8x
Tue, 11 Jan 2022kr4.0tkr2.2tkr152.1b15.3x
Thu, 09 Dec 2021kr3.6tkr2.1tkr128.7b15.1x
Sat, 06 Nov 2021kr4.0tkr2.1tkr146.1b14.1x
Mon, 04 Oct 2021kr3.8tkr2.0tkr118.2b13.3x
Wed, 01 Sep 2021kr3.6tkr2.0tkr116.0b13x
Thu, 08 Jul 2021kr3.2tkr1.9tkr95.3b12.1x
Wed, 31 Mar 2021kr3.0tkr1.8tkr46.6b13.3x
Sat, 02 Jan 2021kr2.7tkr1.7tkr607.1m14x
Tue, 06 Oct 2020kr2.3tkr1.8t-kr14,108,434,290.0115.4x
Fri, 10 Jul 2020kr2.1tkr1.8t-kr13,539,238,582.9412.8x
Thu, 02 Apr 2020kr1.9tkr2.0tkr19.1b11.4x
Sun, 05 Jan 2020kr2.5tkr1.9tkr77.9b14.8x
Wed, 09 Oct 2019kr2.4tkr2.0tkr104.0b13.3x
Tue, 02 Jul 2019kr2.4tkr1.9tkr138.3b14x
Median PE Ratio

12.5x


Total Market Cap: kr2.3tTotal Earnings: kr134.2bTotal Revenue: kr1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Median PE3Y Average 13.9x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 13.9x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 23% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market2.11%
Healthcare5.69%
Utilities4.81%
Materials4.53%
Consumer Staples2.52%
Energy2.22%
Telecom2.12%
Industrials2.04%
Tech1.19%
Financials0.78%
Real Estate-1.34%
Consumer Discretionary-2.79%
Sector PE
  • Investors are most optimistic about the Healthcare sector even though it's trading below its 3-year average PE ratio of 85.2x.
  • This is likely because analysts are expecting annual earnings growth of 64%, which is higher than its past year's earnings growth of 15% per year.
  • Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 47% 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
EQNR Equinorkr337.802.0%
+kr21.1b
88.4%PS9.7xEnergy
NHY Norsk Hydrokr75.167.9%
+kr11.2b
45.2%PS9.6xMaterials
DNB DNB Bankkr189.252.9%
+kr8.3b
n/aPB1.2xFinancials
AKRBP Aker BPkr384.304.9%
+kr6.5b
57.4%PS11.2xEnergy
VAR VĂĄr Energikr40.684.6%
+kr4.4b
n/aPS11.9xEnergy
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Latest News

DOF

kr1.75

DOF

7D

-49.6%

1Y

195.6%

SALM

kr719.00

SalMar

7D

4.5%

1Y

16.9%

SCHA

kr182.90

Schibsted

7D

-4.7%

1Y

-53.5%

EPR

kr47.68

Europris

7D

-5.8%

1Y

-14.6%

ORK

kr72.90

Orkla

7D

-4.2%

1Y

-14.7%