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Norwegian (OSEAX) Real Estate Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.3%
  • 3M12.7%
  • 1Y24.0%
  • YTD1.0%

In the last week, Real Estate has been flat. The past year has been better, since the industry has gained 24% in that time. As for the next few years, earnings are expected to grow by 2.0% per annum.

Sector Valuation and Performance

Has the Norwegian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026NOK 102.7bNOK 14.5bNOK 6.2b16.7x16.7x7.1x
Tue, 06 Jan 2026NOK 101.9bNOK 14.5bNOK 6.2b16x16.5x7x
Thu, 04 Dec 2025NOK 99.1bNOK 13.9bNOK 6.2b16x16.1x7.1x
Sat, 01 Nov 2025NOK 86.7bNOK 13.7bNOK 5.8b14.8x15x6.4x
Mon, 29 Sep 2025NOK 89.4bNOK 13.6bNOK 5.6b17.5x16x6.6x
Wed, 27 Aug 2025NOK 91.6bNOK 13.4bNOK 5.5b18.5x16.7x6.8x
Fri, 25 Jul 2025NOK 94.9bNOK 14.6bNOK 6.5b17x14.6x6.5x
Sun, 22 Jun 2025NOK 90.9bNOK 14.5bNOK 5.8b18.5x15.6x6.3x
Tue, 20 May 2025NOK 83.4bNOK 15.1bNOK 5.9b17.2x14.2x5.5x
Thu, 17 Apr 2025NOK 81.7bNOK 15.0bNOK 4.2b16.2x19.3x5.4x
Sat, 15 Mar 2025NOK 81.5bNOK 15.2bNOK 3.4b15.8x24x5.4x
Mon, 10 Feb 2025NOK 79.0bNOK 15.0b-NOK 3,863,760,215.2414.8x-20.5x5.3x
Wed, 08 Jan 2025NOK 76.3bNOK 15.0b-NOK 3,863,846,887.8214.3x-19.7x5.1x
Fri, 06 Dec 2024NOK 76.3bNOK 15.2b-NOK 3,583,105,006.8613.9x-21.3x5x
Sun, 03 Nov 2024NOK 79.1bNOK 15.3b-NOK 4,553,643,383.4433.8x-17.4x5.2x
Tue, 01 Oct 2024NOK 81.5bNOK 15.4b-NOK 6,960,114,442.1737.2x-11.7x5.3x
Thu, 29 Aug 2024NOK 80.2bNOK 15.0b-NOK 7,062,366,969.3731.4x-11.4x5.3x
Sat, 27 Jul 2024NOK 79.4bNOK 15.5b-NOK 6,956,022,773.8226.7x-11.4x5.1x
Mon, 24 Jun 2024NOK 75.9bNOK 15.4b-NOK 8,141,467,851.1214.7x-9.3x4.9x
Wed, 22 May 2024NOK 76.7bNOK 15.1b-NOK 8,139,196,300.3436.4x-9.4x5.1x
Fri, 19 Apr 2024NOK 71.2bNOK 14.5b-NOK 6,981,421,651.0129.7x-10.2x4.9x
Sun, 17 Mar 2024NOK 69.7bNOK 14.5b-NOK 7,039,920,986.8429.7x-9.9x4.8x
Tue, 13 Feb 2024NOK 68.9bNOK 14.8b-NOK 5,546,959,498.9716.5x-12.4x4.6x
Thu, 11 Jan 2024NOK 69.2bNOK 14.8b-NOK 3,203,981,881.0016.3x-21.6x4.7x
Sat, 09 Dec 2023NOK 62.5bNOK 15.0b-NOK 3,176,547,060.0014.1x-19.7x4.2x
Mon, 06 Nov 2023NOK 57.2bNOK 15.8b-NOK 2,172,617,944.0011x-26.3x3.6x
Wed, 04 Oct 2023NOK 58.3bNOK 15.7b-NOK 3,225,336,395.0012.9x-18.1x3.7x
Fri, 01 Sep 2023NOK 61.3bNOK 16.4b-NOK 2,909,449,223.0012x-21.1x3.7x
Sun, 30 Jul 2023NOK 61.1bNOK 16.2b-NOK 1,690,516,138.0010.5x-36.2x3.8x
Tue, 27 Jun 2023NOK 60.9bNOK 16.1b-NOK 690,145,066.0010.6x-88.3x3.8x
Thu, 25 May 2023NOK 63.7bNOK 16.5bNOK 1.1b9.6x60.5x3.9x
Sat, 22 Apr 2023NOK 63.8bNOK 16.2bNOK 4.4b8.5x14.6x3.9x
Mon, 20 Mar 2023NOK 62.0bNOK 16.2bNOK 4.9b8.3x12.6x3.8x
Wed, 15 Feb 2023NOK 67.2bNOK 16.6bNOK 10.7b6.8x6.3x4x
Price to Earnings Ratio

6.3x


Total Market Cap: NOK 67.2bTotal Earnings: NOK 10.7bTotal Revenue: NOK 16.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Sector Price to Earnings3Y Average -5.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of -5.8x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 17% per year over the last three years,
  • Revenues have also declined 4.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Norwegian Real Estate sector?

NO Market2.65%
Real Estate-0.28%
Real Estate-0.28%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 2.0%, which is lower than the prior year's growth of 673.8% per year.
  • Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 2.0% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ENTRA EntraNOK 113.600.5%
+NOK 109.3m		-4.2%PE14.9x
KMCP KMC PropertiesNOK 5.551.0%
+NOK 315.7k		-33.6%PE0.04x

Latest News

BALT
NOK 50.00
Baltic Sea Properties
7D
-2.9%
1Y
11.1%
ENTRA
NOK 113.60
Entra
7D
0.5%
1Y
-4.2%

ENTRA: Joint Venture And New Leases Will Support Fairly Valued Outlook

Analysts now place Entra's fair value at €119.75, up modestly from €119. This reflects slightly higher revenue growth assumptions, a lower projected profit margin, and a marginally higher future P/E multiple.
ROM
NOK 2.50
RomReal
7D
-15.5%
1Y
-6.7%
PUBLI
NOK 23.40
Public Property Invest
7D
-1.9%
1Y
27.5%
KMCP
NOK 5.55
KMC Properties
7D
1.0%
1Y
-33.6%
SBO
NOK 34.10
Selvaag Bolig
7D
-1.4%
1Y
-10.1%