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Norwegian (OSEAX) Real Estate Sector Analysis

UpdatedAug 12, 2025
DataAggregated Company Financials
Companies10
  • 7D-0.5%
  • 3M9.8%
  • 1Y15.0%
  • YTD20.3%

The Real Estate industry has been flat over the last week, but Aurora Eiendom has lost 5.8%. The past year has been better, since the industry has gained 16% in that time. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 Aug 2025NOK 95.3bNOK 14.2bNOK 6.4b16.2x14.8x6.7x
Thu, 10 Jul 2025NOK 93.5bNOK 14.5bNOK 5.8b18.8x16.1x6.4x
Sat, 07 Jun 2025NOK 87.2bNOK 14.5bNOK 5.8b16.7x15x6x
Mon, 05 May 2025NOK 83.0bNOK 15.0bNOK 5.4b18.7x15.4x5.5x
Wed, 02 Apr 2025NOK 82.4bNOK 15.2bNOK 3.4b16.2x24.2x5.4x
Fri, 28 Feb 2025NOK 80.7bNOK 15.2bNOK 3.4b16.5x23.8x5.3x
Sun, 26 Jan 2025NOK 75.9bNOK 15.0b-NOK 3,863,846,353.6313.5x-19.6x5.1x
Tue, 24 Dec 2024NOK 75.3bNOK 15.0b-NOK 3,863,895,310.6613.9x-19.5x5x
Thu, 21 Nov 2024NOK 74.4bNOK 15.2b-NOK 3,569,077,743.7016.2x-20.8x4.9x
Sat, 19 Oct 2024NOK 79.3bNOK 15.3b-NOK 4,856,697,734.7633.9x-16.3x5.2x
Mon, 16 Sep 2024NOK 82.5bNOK 15.4b-NOK 6,960,085,558.1036x-11.8x5.4x
Wed, 14 Aug 2024NOK 80.6bNOK 15.2b-NOK 6,928,367,113.3627.1x-11.6x5.3x
Fri, 12 Jul 2024NOK 77.3bNOK 15.4b-NOK 8,141,235,071.0715.5x-9.5x5x
Sun, 09 Jun 2024NOK 75.6bNOK 15.4b-NOK 8,144,785,229.4015x-9.3x4.9x
Tue, 07 May 2024NOK 75.4bNOK 15.0b-NOK 8,623,321,841.2832.1x-8.7x5x
Thu, 04 Apr 2024NOK 73.3bNOK 14.5b-NOK 7,039,917,235.9529.7x-10.4x5.1x
Sat, 02 Mar 2024NOK 69.5bNOK 14.7b-NOK 7,039,930,274.7531.3x-9.9x4.7x
Mon, 29 Jan 2024NOK 69.9bNOK 14.8b-NOK 3,203,962,970.0015.8x-21.8x4.7x
Wed, 27 Dec 2023NOK 65.0bNOK 14.8b-NOK 3,203,930,629.0015.2x-20.3x4.4x
Fri, 24 Nov 2023NOK 59.1bNOK 15.4b-NOK 2,898,582,815.0014.1x-20.4x3.8x
Sun, 22 Oct 2023NOK 55.8bNOK 15.8b-NOK 1,980,538,107.0011.9x-28.2x3.5x
Tue, 19 Sep 2023NOK 59.8bNOK 15.8b-NOK 3,047,219,021.0012x-19.6x3.8x
Thu, 17 Aug 2023NOK 61.2bNOK 16.3b-NOK 2,802,116,386.0012.5x-21.8x3.8x
Sat, 15 Jul 2023NOK 60.8bNOK 16.1b-NOK 689,534,331.0010.5x-88.1x3.8x
Mon, 12 Jun 2023NOK 63.0bNOK 16.1b-NOK 689,962,060.0011.1x-91.3x3.9x
Wed, 10 May 2023NOK 63.8bNOK 16.4bNOK 1.6b9.3x40.1x3.9x
Fri, 07 Apr 2023NOK 63.7bNOK 16.3bNOK 4.3b9.7x14.7x3.9x
Sun, 05 Mar 2023NOK 65.8bNOK 16.1bNOK 7.5b9.2x8.7x4.1x
Tue, 31 Jan 2023NOK 65.6bNOK 16.6bNOK 10.7b6.6x6.1x3.9x
Thu, 29 Dec 2022NOK 62.6bNOK 16.6bNOK 10.7b6.7x5.8x3.8x
Sat, 26 Nov 2022NOK 62.5bNOK 15.2bNOK 10.3b6.5x6.1x4.1x
Mon, 24 Oct 2022NOK 59.7bNOK 15.2bNOK 11.3b6.3x5.3x3.9x
Wed, 21 Sep 2022NOK 66.9bNOK 15.0bNOK 15.0b5.7x4.5x4.5x
Fri, 19 Aug 2022NOK 72.7bNOK 14.1bNOK 14.8b6.3x4.9x5.2x
Price to Earnings Ratio

4.9x


Total Market Cap: NOK 72.7bTotal Earnings: NOK 14.8bTotal Revenue: NOK 14.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Sector Price to Earnings3Y Average -7.5x202320242025
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 14.9x which is higher than its 3-year average PE of -7.5x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 6.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 24% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

NO Market-0.45%
Real Estate-0.47%
Real Estate-0.47%
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 decline of 0.4%, which is lower than the prior year's growth of 65.6% 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
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 0.4% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 66% per year.
  • 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
OLT Olav Thon EiendomsselskapNOK 312.002.3%
+NOK 710.4m		33.9%PE13.3x
BALT Baltic Sea PropertiesNOK 55.003.8%
+NOK 17.4m		12.2%PE8.6x
KMCP KMC PropertiesNOK 0.154.3%
+NOK 2.5m		-94.6%PE0.07x
ROM RomRealNOK 2.341.7%
+NOK 1.7m		-24.5%PB0.6x

Latest News

SBO
NOK 36.90
Selvaag Bolig
7D
-1.6%
1Y
10.5%
OLT
NOK 312.00
Olav Thon Eiendomsselskap
7D
2.3%
1Y
33.9%

Estimating The Fair Value Of Olav Thon Eiendomsselskap ASA (OB:OLT)

Jul 31
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ENTRA
NOK 127.40
Entra
7D
-0.9%
1Y
-2.2%
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PUBLI
NOK 25.05
Public Property Invest
7D
-0.2%
1Y
42.8%
ROM
NOK 2.34
RomReal
7D
1.7%
1Y
-24.5%
AURA
NOK 81.50
Aurora Eiendom
7D
-5.8%
1Y
3.8%
BALT
NOK 55.00
Baltic Sea Properties
7D
3.8%
1Y
12.2%
KMCP
NOK 0.15
KMC Properties
7D
4.3%
1Y
-94.6%

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