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Norwegian (OSEAX) Healthcare Sector Analysis
UpdatedAug 17, 2025
DataAggregated Company Financials
Companies24
- 7D2.6%
- 3M3.3%
- 1Y-16.0%
- YTD3.3%
Over the last 7 days, the Healthcare industry has risen 2.6%, driven by gains from ArcticZymes Technologies of 38%. In the same time, Nordhealth was down 6.9%. In contrast, the industry has lost 16% in the last 12 months. Earnings are forecast to grow by 60% annually.
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, 18 Aug 2025 | NOK 17.9b | NOK 3.9b | -NOK 1,079,367,295.16 | 23.3x | -16.6x | 4.6x |
| Wed, 16 Jul 2025 | NOK 17.3b | NOK 3.9b | -NOK 1,046,193,024.22 | 25.3x | -16.6x | 4.4x |
| Fri, 13 Jun 2025 | NOK 16.5b | NOK 3.9b | -NOK 1,051,591,376.63 | 27.5x | -15.7x | 4.2x |
| Sun, 11 May 2025 | NOK 16.3b | NOK 3.9b | -NOK 1,076,133,528.49 | 22x | -15.1x | 4.2x |
| Tue, 08 Apr 2025 | NOK 15.1b | NOK 3.5b | -NOK 1,242,515,654.12 | 16.3x | -12.2x | 4.4x |
| Thu, 06 Mar 2025 | NOK 15.7b | NOK 3.5b | -NOK 1,198,765,209.98 | 17.9x | -13.1x | 4.5x |
| Sat, 01 Feb 2025 | NOK 17.1b | NOK 3.8b | -NOK 1,104,446,643.54 | 25.4x | -15.5x | 4.6x |
| Mon, 30 Dec 2024 | NOK 16.1b | NOK 3.8b | -NOK 1,107,375,521.02 | 25.6x | -14.5x | 4.3x |
| Wed, 27 Nov 2024 | NOK 16.9b | NOK 4.0b | -NOK 985,129,125.02 | 22.5x | -17.2x | 4.2x |
| Fri, 25 Oct 2024 | NOK 17.8b | NOK 4.0b | -NOK 974,284,195.03 | 19.9x | -18.3x | 4.4x |
| Sun, 22 Sep 2024 | NOK 18.7b | NOK 4.0b | -NOK 952,381,210.41 | 20x | -19.6x | 4.7x |
| Tue, 20 Aug 2024 | NOK 20.7b | NOK 4.0b | -NOK 916,827,138.75 | 19.8x | -22.6x | 5.1x |
| Thu, 18 Jul 2024 | NOK 21.9b | NOK 4.0b | -NOK 970,270,940.90 | 16.9x | -22.5x | 5.5x |
| Sat, 15 Jun 2024 | NOK 22.6b | NOK 4.2b | -NOK 1,132,012,539.78 | 17.6x | -20x | 5.4x |
| Mon, 13 May 2024 | NOK 21.5b | NOK 4.2b | -NOK 1,131,496,368.78 | 18.6x | -19x | 5.1x |
| Wed, 10 Apr 2024 | NOK 22.2b | NOK 4.2b | -NOK 1,111,970,627.80 | 28.5x | -20x | 5.3x |
| Fri, 08 Mar 2024 | NOK 21.2b | NOK 4.2b | -NOK 1,092,533,582.78 | 27.6x | -19.4x | 5.1x |
| Sun, 04 Feb 2024 | NOK 29.0b | NOK 4.1b | -NOK 1,594,025,589.00 | 23.3x | -18.2x | 7.1x |
| Tue, 02 Jan 2024 | NOK 30.4b | NOK 4.1b | -NOK 1,574,472,572.00 | 23.2x | -19.3x | 7.5x |
| Thu, 30 Nov 2023 | NOK 27.6b | NOK 4.1b | -NOK 1,585,654,470.00 | 21.6x | -17.4x | 6.7x |
| Sat, 28 Oct 2023 | NOK 25.3b | NOK 3.5b | -NOK 1,864,377,320.00 | 29.9x | -13.6x | 7.3x |
| Mon, 25 Sep 2023 | NOK 28.7b | NOK 3.5b | -NOK 1,817,412,373.00 | 33.4x | -15.8x | 8.1x |
| Wed, 23 Aug 2023 | NOK 28.1b | NOK 3.5b | -NOK 1,848,794,333.00 | 32.9x | -15.2x | 8.1x |
| Fri, 21 Jul 2023 | NOK 29.5b | NOK 3.4b | -NOK 1,815,776,517.00 | 30.1x | -16.2x | 8.7x |
| Sun, 18 Jun 2023 | NOK 30.5b | NOK 3.4b | -NOK 1,841,515,580.00 | 42.5x | -16.6x | 9.1x |
| Tue, 16 May 2023 | NOK 30.3b | NOK 3.4b | -NOK 1,784,916,439.00 | 45.1x | -17x | 9x |
| Thu, 13 Apr 2023 | NOK 30.0b | NOK 3.1b | -NOK 1,863,856,742.00 | 31.8x | -16.1x | 9.6x |
| Sat, 11 Mar 2023 | NOK 29.9b | NOK 3.1b | -NOK 1,875,842,916.00 | 31.7x | -16x | 9.6x |
| Mon, 06 Feb 2023 | NOK 34.4b | NOK 3.6b | -NOK 1,859,551,961.00 | 34.9x | -18.5x | 9.6x |
| Wed, 04 Jan 2023 | NOK 35.0b | NOK 3.6b | -NOK 1,837,562,424.00 | 36x | -19.1x | 9.8x |
| Fri, 02 Dec 2022 | NOK 33.0b | NOK 3.6b | -NOK 1,821,575,202.00 | 38.1x | -18.1x | 9.3x |
| Sun, 30 Oct 2022 | NOK 31.8b | NOK 3.5b | -NOK 1,745,256,908.00 | 39.2x | -18.2x | 9.2x |
| Tue, 27 Sep 2022 | NOK 30.6b | NOK 3.5b | -NOK 1,777,244,802.00 | 55.9x | -17.2x | 8.9x |
| Thu, 25 Aug 2022 | NOK 37.1b | NOK 3.3b | -NOK 1,751,543,117.00 | 61.2x | -21.2x | 11.1x |
Price to Earnings Ratio
-21.2x
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 6.7x 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 5.4% 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 | 2.60% | |
| Biotech | 9.01% | |
| Medical Equipment | 4.40% | |
| Pharma | 0.88% | |
| Healthtech | -6.02% | |
| Healthcare Services | -8.00% | |
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 8.9%, which is lower than the prior year's growth of 19.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 119% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 8.9% 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 | |
|---|---|---|---|---|---|
| AZT ArcticZymes Technologies | NOK 26.50 | 34.9% +NOK 349.8m | 12.8% | PE482.8x | |
| MEDI Medistim | NOK 228.00 | 4.6% +NOK 182.6m | 41.2% | PE33.9x | |
| LIFE Lifecare | NOK 15.50 | 46.2% +NOK 93.4m | -33.0% | PS31.9x | |
| NORDH Nordhealth | NOK 35.00 | 2.9% +NOK 79.1m | 1.2% | PS4.8x | |
| SOFTX SoftOx Solutions | NOK 0.13 | 30.5% +NOK 70.3m | 275.0% | PS31.6x |