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Norwegian (OSEAX) Healthcare Sector Analysis
UpdatedMar 01, 2026
DataAggregated Company Financials
Companies21
- 7D1.7%
- 3M-9.0%
- 1Y-3.7%
- YTD-9.7%
In the last week, the Healthcare industry is up 1.7%, with Medistim up 9.1%. In the same time, Nykode Therapeutics was down 19%. In the past year, the industry is down 3.7%. As for the next few years, earnings are expected to grow by 38% per annum.
Sector Valuation and Performance
Has the Norwegian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Mar 2026 | NOK 16.9b | NOK 3.7b | -NOK 634,032,993.66 | 37.6x | -26.7x | 4.6x |
| Wed, 28 Jan 2026 | NOK 18.2b | NOK 3.7b | -NOK 601,696,742.44 | 30.3x | -30.3x | 4.9x |
| Fri, 26 Dec 2025 | NOK 18.4b | NOK 3.7b | -NOK 608,684,108.72 | 33.4x | -30.2x | 4.9x |
| Sun, 23 Nov 2025 | NOK 16.0b | NOK 3.4b | -NOK 812,082,644.60 | 47.7x | -19.7x | 4.8x |
| Tue, 21 Oct 2025 | NOK 17.3b | NOK 3.6b | -NOK 716,789,798.44 | 26.8x | -24.1x | 4.8x |
| Thu, 18 Sep 2025 | NOK 17.5b | NOK 3.6b | -NOK 691,541,506.83 | 27.1x | -25.3x | 4.8x |
| Sat, 16 Aug 2025 | NOK 17.9b | NOK 3.9b | -NOK 1,078,677,295.16 | 23.3x | -16.6x | 4.6x |
| Mon, 14 Jul 2025 | NOK 17.0b | NOK 3.9b | -NOK 1,042,582,883.88 | 25.6x | -16.3x | 4.4x |
| Wed, 11 Jun 2025 | NOK 16.7b | NOK 3.9b | -NOK 1,056,086,440.48 | 27.6x | -15.9x | 4.3x |
| Fri, 09 May 2025 | NOK 15.8b | NOK 3.8b | -NOK 1,091,197,864.72 | 18x | -14.5x | 4.1x |
| Sun, 06 Apr 2025 | NOK 15.2b | NOK 3.5b | -NOK 1,231,798,951.24 | 16.7x | -12.3x | 4.4x |
| Tue, 04 Mar 2025 | NOK 16.0b | NOK 3.4b | -NOK 1,212,858,896.05 | 18.9x | -13.2x | 4.7x |
| Thu, 30 Jan 2025 | NOK 16.8b | NOK 3.8b | -NOK 1,104,834,227.19 | 24.9x | -15.2x | 4.5x |
| Sat, 28 Dec 2024 | NOK 16.1b | NOK 3.8b | -NOK 1,107,665,857.56 | 25.6x | -14.5x | 4.3x |
| Mon, 25 Nov 2024 | NOK 16.6b | NOK 4.0b | -NOK 980,024,949.43 | 23.3x | -17x | 4.1x |
| Wed, 23 Oct 2024 | NOK 17.6b | NOK 4.0b | -NOK 975,910,616.73 | 20.1x | -18x | 4.4x |
| Fri, 20 Sep 2024 | NOK 18.4b | NOK 4.0b | -NOK 952,470,634.89 | 19.4x | -19.4x | 4.6x |
| Sun, 18 Aug 2024 | NOK 21.2b | NOK 4.0b | -NOK 922,580,043.36 | 20.3x | -23x | 5.2x |
| Tue, 16 Jul 2024 | NOK 21.8b | NOK 4.0b | -NOK 973,712,869.82 | 16.9x | -22.4x | 5.4x |
| Thu, 13 Jun 2024 | NOK 23.0b | NOK 4.2b | -NOK 1,128,672,257.21 | 17.6x | -20.4x | 5.4x |
| Sat, 11 May 2024 | NOK 21.5b | NOK 4.2b | -NOK 1,131,496,368.78 | 18.6x | -19x | 5.1x |
| Mon, 08 Apr 2024 | NOK 22.0b | NOK 4.2b | -NOK 1,114,344,892.33 | 28.8x | -19.7x | 5.3x |
| Wed, 06 Mar 2024 | NOK 26.0b | NOK 4.2b | -NOK 1,083,735,913.35 | 28.4x | -24x | 6.2x |
| Fri, 02 Feb 2024 | NOK 29.3b | NOK 4.1b | -NOK 1,585,917,333.00 | 23.6x | -18.5x | 7.2x |
| Sun, 31 Dec 2023 | NOK 30.4b | NOK 4.1b | -NOK 1,574,472,572.00 | 23.2x | -19.3x | 7.5x |
| Tue, 28 Nov 2023 | NOK 27.8b | NOK 4.1b | -NOK 1,586,213,378.00 | 21.5x | -17.6x | 6.8x |
| Thu, 26 Oct 2023 | NOK 25.0b | NOK 3.4b | -NOK 1,903,058,503.00 | 31.5x | -13.1x | 7.3x |
| Sat, 23 Sep 2023 | NOK 28.7b | NOK 3.6b | -NOK 1,809,687,577.00 | 33.4x | -15.9x | 8.1x |
| Mon, 21 Aug 2023 | NOK 28.3b | NOK 3.5b | -NOK 1,849,937,079.00 | 32.7x | -15.3x | 8.2x |
| Wed, 19 Jul 2023 | NOK 28.9b | NOK 3.4b | -NOK 1,814,620,112.00 | 30.2x | -15.9x | 8.6x |
| Fri, 16 Jun 2023 | NOK 30.3b | NOK 3.4b | -NOK 1,837,616,377.00 | 42.1x | -16.5x | 9x |
| Sun, 14 May 2023 | NOK 30.2b | NOK 3.4b | -NOK 1,789,119,443.00 | 44.3x | -16.9x | 8.9x |
| Tue, 11 Apr 2023 | NOK 29.8b | NOK 3.1b | -NOK 1,865,655,128.00 | 31.7x | -16x | 9.6x |
| Thu, 09 Mar 2023 | NOK 30.0b | NOK 3.1b | -NOK 2,020,747,994.00 | 30.4x | -14.8x | 9.6x |
Price to Earnings Ratio
-14.8x
Current Industry PE
- Investors are pessimistic on the Norwegian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved over the last three years.
- Revenues for these companies have grown 5.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Healthcare sector?
| NO Market | 0.43% | |
| Healthcare | 1.67% | |
| Medical Equipment | 6.27% | |
| Pharma | 5.21% | |
| Healthtech | 2.14% | |
| Healthcare Services | -3.85% | |
| Biotech | -4.02% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings decline of 15.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 75% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MEDI Medistim | NOK 228.00 | 6.5% +NOK 256.0m | 40.7% | PE26.2x | |
| CRNA Circio Holding | NOK 2.59 | 37.9% +NOK 153.0m | 302.2% | PE-84.4x | |
| PHO Photocure | NOK 63.40 | 8.0% +NOK 125.1m | 19.2% | PS3.2x | |
| VISTN Vistin Pharma | NOK 22.40 | 5.2% +NOK 48.8m | -7.4% | PE13.3x | |
| TRMED Thor Medical | NOK 4.26 | 1.3% +NOK 43.5m | 105.1% | PS15308.7x |