Header cover image

Norwegian (OSEAX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies325
  • 7D2.6%
  • 3M-1.4%
  • 1Y3.6%
  • YTD-2.3%

Over the last 7 days, the market has risen 2.6%, driven by gains of 4.0% in the Energy sector. In the last year, the market has climbed 3.6%. Looking forward, earnings are forecast to grow by 14% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024kr3.9tkr3.3tkr291.0b11.1x13.3x1.2x
Thu, 15 Feb 2024kr3.7tkr3.3tkr271.4b11.8x13.8x1.1x
Sat, 13 Jan 2024kr4.0tkr3.5tkr344.7b10.9x11.7x1.2x
Mon, 11 Dec 2023kr4.0tkr3.6tkr360.6b10.2x11.1x1.1x
Wed, 08 Nov 2023kr4.0tkr3.6tkr370.4b10.3x10.8x1.1x
Fri, 06 Oct 2023kr3.9tkr3.8tkr424.2b10.5x9.2x1x
Sun, 03 Sep 2023kr4.0tkr3.8tkr414.3b10.3x9.6x1.1x
Tue, 01 Aug 2023kr3.9tkr3.6tkr400.3b11x9.7x1.1x
Thu, 29 Jun 2023kr3.8tkr3.9tkr506.2b11.1x7.4x1x
Sat, 27 May 2023kr3.8tkr3.9tkr522.0b11.4x7.4x1x
Mon, 24 Apr 2023kr3.9tkr3.8tkr548.2b11.6x7.2x1x
Wed, 22 Mar 2023kr3.8tkr3.8tkr550.6b11.5x7x1x
Fri, 17 Feb 2023kr4.1tkr3.7tkr570.8b11.8x7.2x1.1x
Sun, 15 Jan 2023kr3.9tkr3.6tkr485.4b11.8x8.1x1.1x
Tue, 13 Dec 2022kr4.0tkr3.6tkr488.9b11.7x8.2x1.1x
Thu, 10 Nov 2022kr4.1tkr3.6tkr489.7b11.9x8.3x1.1x
Sat, 08 Oct 2022kr3.9tkr3.4tkr392.9b11.8x9.9x1.1x
Mon, 05 Sep 2022kr4.2tkr3.3tkr375.1b12.9x11.2x1.3x
Wed, 03 Aug 2022kr4.2tkr3.2tkr344.2b12.8x12.2x1.3x
Fri, 01 Jul 2022kr3.9tkr2.9tkr293.7b12.2x13.2x1.3x
Sun, 29 May 2022kr4.2tkr2.9tkr282.9b13.1x14.9x1.5x
Tue, 26 Apr 2022kr4.1tkr2.6tkr201.2b14.1x20.4x1.6x
Thu, 24 Mar 2022kr4.1tkr2.5tkr200.3b14.5x20.7x1.7x
Sat, 19 Feb 2022kr3.9tkr2.5tkr191.2b14.5x20.5x1.6x
Mon, 17 Jan 2022kr673.6tkr2.2tkr151.4b15.8x4449.1x308.2x
Wed, 15 Dec 2021kr3.5tkr2.2tkr129.8b14.1x26.9x1.6x
Fri, 12 Nov 2021kr4.0tkr2.1tkr148.8b14.5x27.2x1.9x
Sun, 10 Oct 2021kr3.8tkr2.0tkr116.3b13.2x32.3x1.9x
Tue, 07 Sep 2021kr3.7tkr2.0tkr115.0b13.4x32x1.9x
Thu, 05 Aug 2021kr3.6tkr2.0tkr115.9b12.6x30.8x1.8x
Sun, 09 May 2021kr3.0tkr1.8tkr46.2b13.8x65.7x1.7x
Price to Earnings Ratio

64.3x


Total Market Cap: kr3.0tTotal Earnings: kr46.6bTotal Revenue: kr1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 36.3x202220232024
Current Market PE
  • Investors are pessimistic on the Norwegian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 36.3x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 84% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Market2.61%
Energy4.05%
Industrials3.77%
Materials3.73%
Telecom2.89%
Utilities1.79%
Consumer Discretionary0.87%
Tech0.67%
Financials0.43%
Consumer Staples-0.21%
Healthcare-0.22%
Real Estate-0.60%
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 512x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.5%, which is higher than its past year's earnings growth of 4.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 71% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 4.0% 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 Equinorkr280.304.5%
+kr34.4b
-3.9%PE6.5xEnergy
KOG Kongsberg Gruppenkr710.506.2%
+kr7.3b
70.3%PE33.7xIndustrials
NHY Norsk Hydrokr58.225.7%
+kr6.3b
-20.3%PE32.6xMaterials
TEL Telenorkr117.353.9%
+kr6.2b
-4.3%PS2xTelecom
AUTO AutoStore Holdingskr20.0210.0%
+kr6.1b
-6.2%PS9.8xIndustrials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

ORK

kr76.10

Orkla

7D

-1.4%

1Y

4.1%

GJF

kr167.70

Gjensidige Forsikring

7D

-1.2%

1Y

-5.2%

NHY

kr58.22

Norsk Hydro

7D

5.7%

1Y

-20.3%

AUTO

kr20.02

AutoStore Holdings

7D

10.0%

1Y

-6.2%

NONG

kr95.80

SpareBank 1 Nord-Norge

7D

-7.0%

1Y

2.9%

BAKKA

kr648.00

P/F Bakkafrost

7D

-3.9%

1Y

0.2%

EQNR

kr280.30

Equinor

7D

4.5%

1Y

-3.9%

SCHA

kr335.70

Schibsted

7D

6.0%

1Y

59.7%

ENTRA

kr108.10

Entra

7D

-2.8%

1Y

7.0%

AKRBP

kr267.70

Aker BP

7D

3.4%

1Y

8.3%

EISP

kr370.00

Eiendomsspar

7D

-5.1%

1Y

19.4%