Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Norwegian (OSEAX) Market Analysis & Valuation

UpdatedApr 13, 2025
DataAggregated Company Financials
Companies306
  • 7D0.4%
  • 3M-6.8%
  • 1Y-6.0%
  • YTD-5.5%

The Industrials sector gained 4.4% while the market remained flat over the last week. Unfortunately though, the market is down 6.0% over the past year. As for the next few years, earnings are expected to grow by 7.7% 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
Sun, 13 Apr 2025NOK 3.6tNOK 3.3tNOK 318.9b11.5x11.3x1.1x
Tue, 11 Mar 2025NOK 3.8tNOK 3.3tNOK 327.4b11.6x11.7x1.2x
Thu, 06 Feb 2025NOK 3.9tNOK 3.4tNOK 336.3b12x11.6x1.1x
Sat, 04 Jan 2025NOK 3.8tNOK 3.5tNOK 339.6b11.7x11.2x1.1x
Mon, 02 Dec 2024NOK 3.8tNOK 3.4tNOK 329.6b11.5x11.4x1.1x
Wed, 30 Oct 2024NOK 3.8tNOK 3.4tNOK 326.0b11.4x11.7x1.1x
Fri, 27 Sep 2024NOK 3.7tNOK 3.3tNOK 305.7b11.1x12x1.1x
Sun, 25 Aug 2024NOK 3.8tNOK 3.3tNOK 301.5b11.2x12.6x1.2x
Tue, 23 Jul 2024NOK 3.9tNOK 3.3tNOK 303.1b11.2x12.8x1.2x
Thu, 20 Jun 2024NOK 3.8tNOK 3.3tNOK 285.1b11.2x13.5x1.2x
Sat, 18 May 2024NOK 4.1tNOK 3.3tNOK 285.7b11.8x14.2x1.2x
Mon, 15 Apr 2024NOK 4.1tNOK 3.4tNOK 301.7b11.7x13.5x1.2x
Wed, 13 Mar 2024NOK 3.8tNOK 3.3tNOK 288.8b11.2x13.2x1.1x
Fri, 09 Feb 2024NOK 3.7tNOK 3.4tNOK 282.9b11.7x13.3x1.1x
Sun, 07 Jan 2024NOK 4.1tNOK 3.5tNOK 345.1b10.9x11.8x1.2x
Tue, 05 Dec 2023NOK 4.0tNOK 3.6tNOK 361.1b10.2x11.1x1.1x
Thu, 02 Nov 2023NOK 4.0tNOK 3.6tNOK 366.1b10.6x11.1x1.1x
Sat, 30 Sep 2023NOK 4.0tNOK 3.7tNOK 415.0b10.5x9.8x1.1x
Mon, 28 Aug 2023NOK 3.9tNOK 3.7tNOK 411.9b10.5x9.4x1x
Wed, 26 Jul 2023NOK 3.9tNOK 3.7tNOK 448.6b10.8x8.6x1x
Fri, 23 Jun 2023NOK 3.8tNOK 3.8tNOK 500.9b11.4x7.6x1x
Sun, 21 May 2023NOK 3.9tNOK 3.9tNOK 558.2b11.7x7x1x
Tue, 18 Apr 2023NOK 4.0tNOK 3.8tNOK 504.9b11.8x7.9x1.1x
Thu, 16 Mar 2023NOK 3.8tNOK 3.8tNOK 560.1b11.3x6.8x1x
Sat, 11 Feb 2023NOK 4.1tNOK 3.6tNOK 553.2b11.4x7.4x1.1x
Mon, 09 Jan 2023NOK 3.9tNOK 3.6tNOK 490.9b11.8x8x1.1x
Wed, 07 Dec 2022NOK 4.0tNOK 3.6tNOK 487.7b11.4x8.2x1.1x
Fri, 04 Nov 2022NOK 4.1tNOK 3.6tNOK 482.9b11.4x8.4x1.1x
Sun, 02 Oct 2022NOK 3.8tNOK 3.5tNOK 398.1b11.4x9.4x1.1x
Tue, 30 Aug 2022NOK 4.3tNOK 3.2tNOK 368.3b12.4x11.7x1.3x
Thu, 28 Jul 2022NOK 4.1tNOK 3.0tNOK 299.8b12.6x13.7x1.4x
Sat, 25 Jun 2022NOK 3.9tNOK 2.9tNOK 293.6b12.6x13.1x1.3x
Mon, 23 May 2022NOK 4.1tNOK 2.9tNOK 249.0b13.4x16.4x1.4x
Wed, 20 Apr 2022NOK 4.3tNOK 2.5tNOK 196.1b14.8x21.8x1.7x
Price to Earnings Ratio

21.8x


Total Market Cap: NOK 4.3tTotal Earnings: NOK 196.1bTotal Revenue: NOK 2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 11.1x202320242025
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 11.1x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Market0.44%
Industrials4.38%
Consumer Staples2.01%
Financials0.91%
Real Estate0.74%
Healthcare0.60%
Materials0.56%
Tech0.18%
Utilities-0.76%
Telecom-1.04%
Energy-2.02%
Consumer Discretionary-3.20%
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 421x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.3% which is higher than its past year's earnings decline of 1.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 19% 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 1.52k4.7%
+NOK 12.1b		97.9%PE52.2xIndustrials
DNB DNB BankNOK 249.501.1%
+NOK 4.2b		15.5%PB1.3xFinancials
GJF Gjensidige ForsikringNOK 238.203.0%
+NOK 3.5b		46.9%PE23.6xFinancials
WAWI Wallenius WilhelmsenNOK 71.4511.6%
+NOK 3.1b		-26.5%PE2.9xIndustrials
SALM SalMarNOK 499.004.9%
+NOK 3.1b		-26.7%PE22.5xConsumer Staples
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
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

Header cover image

Gold Is Shining While Everything Else Loses Its Luster

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Markets have been setting all kinds of records lately, some good, some less so. Major indexes have posted some of the biggest one-day point moves in history. In percentage terms...
Continue reading
🌍 Beyond the US: Global Markets After Yet Another Tariff Update
Last Week

🌍 Beyond the US: Global Markets After Yet Another Tariff Update

Latest News

SALM

NOK 499.00

SalMar

7D

4.9%

1Y

-26.7%

SalMar (OB:SALM) Is Reducing Its Dividend To NOK22.00

Apr 13
SalMar (OB:SALM) Is Reducing Its Dividend To NOK22.00

NOD

NOK 104.10

Nordic Semiconductor

7D

-5.9%

1Y

10.5%

STB

NOK 117.80

Storebrand

7D

-3.8%

1Y

24.7%

GJF

NOK 238.20

Gjensidige Forsikring

7D

3.0%

1Y

46.9%

EQNR

NOK 244.80

Equinor

7D

-3.1%

1Y

-22.0%

TGS

NOK 74.10

TGS

7D

-6.9%

1Y

-45.8%

TGS ASA's (OB:TGS) Share Price Is Still Matching Investor Opinion Despite 25% Slump

Apr 10
TGS ASA's (OB:TGS) Share Price Is Still Matching Investor Opinion Despite 25% Slump

NHY

NOK 53.22

Norsk Hydro

7D

-1.2%

1Y

-25.7%

VAR

NOK 27.98

Vår Energi

7D

-4.5%

1Y

-28.8%

DNB

NOK 249.50

DNB Bank

7D

1.1%

1Y

15.5%

DNB Bank's (OB:DNB) Upcoming Dividend Will Be Larger Than Last Year's

Apr 04
DNB Bank's (OB:DNB) Upcoming Dividend Will Be Larger Than Last Year's

KOG

NOK 1,522.00

Kongsberg Gruppen

7D

4.7%

1Y

97.9%

YAR

NOK 308.00

Yara International

7D

3.7%

1Y

-8.7%

Investors Can Find Comfort In Yara International's (OB:YAR) Earnings Quality

Mar 30
Investors Can Find Comfort In Yara International's (OB:YAR) Earnings Quality

TEL

NOK 142.80

Telenor

7D

-2.3%

1Y

16.4%

Telenor's (OB:TEL) Profits May Not Reveal Underlying Issues

Mar 28
Telenor's (OB:TEL) Profits May Not Reveal Underlying Issues

WAWI

NOK 71.45

Wallenius Wilhelmsen

7D

11.6%

1Y

-26.5%

SCHA

NOK 302.20

Schibsted

7D

2.8%

1Y

-7.0%

Calculating The Fair Value Of Schibsted ASA (OB:SCHA)

Mar 25
Calculating The Fair Value Of Schibsted ASA (OB:SCHA)

EPR

NOK 73.80

Europris

7D

-8.2%

1Y

-9.8%

HAFNI

NOK 44.01

Hafnia

7D

13.5%

1Y

-46.2%