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Norwegian (OSEAX) Healthtech Industry Analysis
UpdatedAug 14, 2025
DataAggregated Company Financials
Companies3
- 7D2.1%
- 3M-3.5%
- 1Y-11.1%
- YTD-12.4%
Over the last 7 days, the Healthtech industry has dropped 6.9%, driven by a pullback from Nordhealth of 7.2%. Overall the industry is down 11% in 12 months. Looking forward, earnings are forecast to grow by 118% annually.
Industry Valuation and Performance
Has the Norwegian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 Aug 2025 | NOK 3.3b | NOK 701.3m | -NOK 232,763,463.33 | 26x | -14.3x | 4.7x |
| Sun, 13 Jul 2025 | NOK 3.4b | NOK 696.2m | -NOK 232,178,251.20 | 25.6x | -14.7x | 4.9x |
| Tue, 10 Jun 2025 | NOK 3.6b | NOK 687.7m | -NOK 229,689,503.47 | 27.5x | -15.6x | 5.2x |
| Thu, 08 May 2025 | NOK 3.4b | NOK 674.8m | -NOK 29,060,489.41 | 13.8x | -116.5x | 5x |
| Sat, 05 Apr 2025 | NOK 3.2b | NOK 689.8m | -NOK 17,173,872.37 | 8.6x | -188.4x | 4.7x |
| Mon, 03 Mar 2025 | NOK 3.7b | NOK 658.9m | -NOK 23,902,534.78 | 9.5x | -153.2x | 5.6x |
| Wed, 29 Jan 2025 | NOK 4.5b | NOK 1.1b | -NOK 54,251,037.93 | 9.2x | -82.2x | 4.1x |
| Fri, 27 Dec 2024 | NOK 4.2b | NOK 1.1b | -NOK 54,429,583.17 | 10.2x | -77.9x | 3.9x |
| Sun, 24 Nov 2024 | NOK 5.5b | NOK 1.3b | NOK 55.9m | 7x | 98.9x | 4.2x |
| Tue, 22 Oct 2024 | NOK 5.1b | NOK 1.3b | NOK 42.9m | 7.4x | 119.5x | 3.9x |
| Thu, 19 Sep 2024 | NOK 5.3b | NOK 1.3b | NOK 43.6m | 7.9x | 121.2x | 4.1x |
| Sat, 17 Aug 2024 | NOK 5.9b | NOK 1.3b | NOK 30.6m | 9.6x | 191.3x | 4.5x |
| Mon, 15 Jul 2024 | NOK 5.1b | NOK 1.3b | NOK 31.3m | 8.3x | 162.7x | 3.9x |
| Wed, 12 Jun 2024 | NOK 5.3b | NOK 1.4b | -NOK 191,914,902.39 | 11.1x | -27.8x | 3.8x |
| Fri, 10 May 2024 | NOK 5.2b | NOK 1.4b | -NOK 189,468,377.24 | 10.5x | -27.6x | 3.8x |
| Sun, 07 Apr 2024 | NOK 4.7b | NOK 1.4b | -NOK 178,583,299.81 | 11.2x | -26x | 3.4x |
| Tue, 05 Mar 2024 | NOK 4.2b | NOK 1.3b | -NOK 246,214,656.35 | 15.5x | -16.9x | 3.1x |
| Thu, 01 Feb 2024 | NOK 4.5b | NOK 1.3b | -NOK 258,605,009.00 | 16.9x | -17.4x | 3.4x |
| Sat, 30 Dec 2023 | NOK 4.3b | NOK 1.3b | -NOK 257,668,136.00 | 16.9x | -16.7x | 3.3x |
| Mon, 27 Nov 2023 | NOK 4.3b | NOK 1.3b | -NOK 248,402,895.00 | 16.6x | -17.4x | 3.3x |
| Wed, 25 Oct 2023 | NOK 3.6b | NOK 916.8m | -NOK 313,071,590.00 | 16.7x | -11.6x | 4x |
| Fri, 22 Sep 2023 | NOK 3.7b | NOK 900.5m | -NOK 310,303,884.00 | 16.2x | -12.1x | 4.2x |
| Sun, 20 Aug 2023 | NOK 3.9b | NOK 924.4m | -NOK 340,064,565.00 | 19.4x | -11.5x | 4.2x |
| Tue, 18 Jul 2023 | NOK 3.9b | NOK 915.4m | -NOK 335,204,087.00 | 18.4x | -11.5x | 4.2x |
| Thu, 15 Jun 2023 | NOK 3.7b | NOK 906.5m | -NOK 283,881,707.00 | 140.6x | -12.9x | 4.1x |
| Sat, 13 May 2023 | NOK 3.5b | NOK 897.7m | -NOK 245,457,852.00 | 126.8x | -14.4x | 3.9x |
| Mon, 10 Apr 2023 | NOK 4.3b | NOK 845.3m | -NOK 197,915,957.00 | 30.5x | -21.5x | 5x |
| Wed, 08 Mar 2023 | NOK 4.1b | NOK 839.9m | -NOK 196,080,767.00 | 30x | -20.7x | 4.8x |
| Fri, 03 Feb 2023 | NOK 4.8b | NOK 1.2b | -NOK 304,602,367.00 | 23.1x | -15.6x | 4.1x |
| Sun, 01 Jan 2023 | NOK 5.0b | NOK 1.1b | -NOK 300,066,282.00 | 25.4x | -16.6x | 4.3x |
| Tue, 29 Nov 2022 | NOK 4.9b | NOK 1.1b | -NOK 287,743,681.00 | 26.5x | -17x | 4.3x |
| Thu, 27 Oct 2022 | NOK 4.4b | NOK 1.1b | -NOK 247,700,772.00 | 23.6x | -17.8x | 3.9x |
| Sat, 24 Sep 2022 | NOK 4.9b | NOK 1.1b | -NOK 276,489,756.00 | 57.9x | -17.9x | 4.4x |
| Mon, 22 Aug 2022 | NOK 5.7b | NOK 1.1b | -NOK 241,825,221.00 | 69.6x | -23.5x | 5.2x |
Price to Earnings Ratio
-23.5x
Current Industry PE
- There are only 3 companies in the Norwegian Healthcare Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Losses for companies in the Healthcare Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 13% per year.
- This means that the cost of doing business could be reducing since sales have declined but losses haven't fallen much further.
Industry Trends
Which industries have driven the changes within the Norwegian Healthcare industry?
| NO Market | -0.41% | |
| Healthcare | 0.60% | |
| Healthtech | 2.14% | |
| Healthtech | 2.14% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NORDH Nordhealth | NOK 37.40 | 3.9% +NOK 110.8m | -3.6% | PS5.2x | |
| CODE CodeLab Capital | NOK 2.85 | 2.5% +NOK 905.7k | -82.9% | PS147.9x | |
| CONTX ContextVision | NOK 4.59 | 0.2% +NOK 773.7k | -23.2% | PE25.6x |