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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJan 23, 2025
DataAggregated Company Financials
Companies311
  • 7D-0.6%
  • 3M1.3%
  • 1Y6.5%
  • YTD1.3%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 4.4% in that time. As for the longer term, the market has risen 6.5% in the past 12 months. As for the next few years, earnings are expected to grow by 8.8% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jan 2025NOK 3.8tNOK 3.5tNOK 336.8b11.6x11.4x1.1x
Sat, 21 Dec 2024NOK 3.6tNOK 3.5tNOK 340.2b11.4x10.7x1x
Mon, 18 Nov 2024NOK 3.8tNOK 3.4tNOK 330.7b10.8x11.4x1.1x
Wed, 16 Oct 2024NOK 3.8tNOK 3.3tNOK 311.6b11.7x12.1x1.1x
Fri, 13 Sep 2024NOK 3.7tNOK 3.3tNOK 308.9b11.1x11.9x1.1x
Sun, 11 Aug 2024NOK 3.8tNOK 3.3tNOK 299.0b10.9x12.7x1.1x
Tue, 09 Jul 2024NOK 3.8tNOK 3.2tNOK 280.0b11.5x13.5x1.2x
Thu, 06 Jun 2024NOK 3.9tNOK 3.3tNOK 285.4b11.3x13.6x1.2x
Sat, 04 May 2024NOK 4.0tNOK 3.3tNOK 287.7b11.5x13.8x1.2x
Mon, 01 Apr 2024NOK 3.9tNOK 3.4tNOK 303.2b11.7x13x1.2x
Wed, 28 Feb 2024NOK 3.8tNOK 3.3tNOK 268.3b11.5x14x1.1x
Fri, 26 Jan 2024NOK 3.9tNOK 3.5tNOK 347.1b11.3x11.4x1.1x
Sun, 24 Dec 2023NOK 4.0tNOK 3.5tNOK 344.0b10.5x11.7x1.2x
Tue, 21 Nov 2023NOK 4.1tNOK 3.5tNOK 356.2b10.4x11.4x1.1x
Thu, 19 Oct 2023NOK 4.1tNOK 3.8tNOK 428.2b10.7x9.7x1.1x
Sat, 16 Sep 2023NOK 4.1tNOK 3.8tNOK 415.9b10.8x9.8x1.1x
Mon, 14 Aug 2023NOK 3.9tNOK 3.7tNOK 410.3b11.1x9.6x1.1x
Wed, 12 Jul 2023NOK 3.8tNOK 3.8tNOK 490.5b11x7.8x1x
Fri, 09 Jun 2023NOK 3.9tNOK 3.9tNOK 515.4b11.5x7.5x1x
Sun, 07 May 2023NOK 3.9tNOK 3.7tNOK 544.5b11.4x7.2x1x
Tue, 04 Apr 2023NOK 3.9tNOK 3.7tNOK 537.8b11.5x7.3x1.1x
Thu, 02 Mar 2023NOK 4.1tNOK 3.7tNOK 560.0b11.9x7.3x1.1x
Sat, 28 Jan 2023NOK 4.0tNOK 3.6tNOK 486.3b11.8x8.1x1.1x
Mon, 26 Dec 2022NOK 4.0tNOK 3.6tNOK 485.2b11.5x8.3x1.1x
Wed, 23 Nov 2022NOK 4.0tNOK 3.6tNOK 495.4b10.6x8.1x1.1x
Fri, 21 Oct 2022NOK 3.9tNOK 3.4tNOK 388.4b11.8x10x1.1x
Sun, 18 Sep 2022NOK 4.0tNOK 3.3tNOK 380.9b12.7x10.5x1.2x
Tue, 16 Aug 2022NOK 4.2tNOK 3.2tNOK 344.0b12.4x12.2x1.3x
Thu, 14 Jul 2022NOK 4.0tNOK 3.0tNOK 300.1b12x13.3x1.3x
Sat, 11 Jun 2022NOK 4.1tNOK 2.9tNOK 288.8b13x14.2x1.4x
Mon, 09 May 2022NOK 4.1tNOK 2.8tNOK 238.0b14x17.1x1.4x
Wed, 06 Apr 2022NOK 4.2tNOK 2.5tNOK 195.4b14.6x21.7x1.7x
Fri, 04 Mar 2022NOK 4.2tNOK 2.5tNOK 203.3b13.9x20.7x1.7x
Sun, 30 Jan 2022NOK 3.9tNOK 2.2tNOK 153.7b14.9x25.3x1.8x
Price to Earnings Ratio

25.3x


Total Market Cap: NOK 3.9tTotal Earnings: NOK 153.7bTotal Revenue: NOK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 11.9x202320242025
Current Market PE
  • Investors are relatively neutral on the Norwegian 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 11.9x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 30% per year over the last three years.
  • Revenues for these companies have grown 16% 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%
Tech4.37%
Industrials2.87%
Healthcare2.71%
Consumer Staples2.51%
Telecom2.02%
Financials1.43%
Consumer Discretionary0.98%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Real Estate-0.40%
Materials-0.88%
Utilities-3.09%
Energy-5.05%
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 430x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.8% which is higher than its past year's earnings decline of 9.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings decline of 81% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 25% 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 1.34k8.4%
+NOK 18.3b		154.5%PE48.9xIndustrials
MOWI MowiNOK 211.704.6%
+NOK 4.8b		8.7%PE21.7xConsumer Staples
TEL TelenorNOK 133.002.7%
+NOK 4.8b		10.1%PE18.8xTelecom
DNB DNB BankNOK 238.501.2%
+NOK 4.2b		11.3%PB1.3xFinancials
TOM Tomra SystemsNOK 161.909.0%
+NOK 3.9b		51.8%PE79.4xIndustrials
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