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Norwegian (OSEAX) Real Estate Sector Analysis
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies7
- 7D-1.7%
- 3M-1.6%
- 1Y-11.7%
- YTD-7.2%
Over the last 7 days, the Real Estate industry has dropped 1.7%, driven by a pullback from Eiendomsspar of 5.3%. Meanwhile, Bevest actually outperformed within the industry, gaining 8.3% in the last week. However, the industry is down 12% over the past year. Earnings are forecast to grow by 81% annually.
Sector Valuation and Performance
Has the Norwegian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 11 Aug 2026 | NOK 54.5b | NOK 21.3b | NOK 3.4b | 7.6x | 15.8x | 2.6x |
| Thu, 09 Jul 2026 | NOK 55.1b | NOK 20.3b | NOK 4.9b | 8.3x | 11.2x | 2.7x |
| Sat, 06 Jun 2026 | NOK 54.4b | NOK 20.0b | NOK 4.6b | 8.2x | 11.7x | 2.7x |
| Mon, 04 May 2026 | NOK 74.3b | NOK 20.9b | NOK 4.8b | 8.9x | 15.4x | 3.6x |
| Wed, 01 Apr 2026 | NOK 65.1b | NOK 11.3b | NOK 5.7b | 9.3x | 11.4x | 5.7x |
| Fri, 27 Feb 2026 | NOK 78.1b | NOK 10.7b | NOK 5.6b | 13.4x | 14x | 7.3x |
| Sun, 25 Jan 2026 | NOK 102.2b | NOK 14.5b | NOK 6.2b | 16.5x | 16.6x | 7.1x |
| Tue, 23 Dec 2025 | NOK 99.5b | NOK 14.5b | NOK 6.2b | 15.3x | 16.2x | 6.9x |
| Thu, 20 Nov 2025 | NOK 92.7b | NOK 14.0b | NOK 5.8b | 14.4x | 15.9x | 6.6x |
| Sat, 18 Oct 2025 | NOK 88.4b | NOK 13.4b | NOK 5.3b | 18.3x | 16.7x | 6.6x |
| Mon, 15 Sep 2025 | NOK 89.6b | NOK 13.6b | NOK 5.6b | 18.1x | 16.1x | 6.6x |
| Wed, 13 Aug 2025 | NOK 96.2b | NOK 14.2b | NOK 6.4b | 16.2x | 14.9x | 6.8x |
| Fri, 11 Jul 2025 | NOK 94.0b | NOK 14.5b | NOK 5.8b | 18.8x | 16.2x | 6.5x |
| Sun, 08 Jun 2025 | NOK 87.2b | NOK 14.5b | NOK 5.8b | 16.7x | 15x | 6x |
| Tue, 06 May 2025 | NOK 83.3b | NOK 15.0b | NOK 5.4b | 18.7x | 15.4x | 5.6x |
| Thu, 03 Apr 2025 | NOK 81.7b | NOK 15.2b | NOK 3.4b | 16.2x | 24x | 5.4x |
| Sat, 01 Mar 2025 | NOK 80.8b | NOK 15.2b | NOK 3.4b | 16.2x | 23.8x | 5.3x |
| Mon, 27 Jan 2025 | NOK 75.9b | NOK 15.0b | -NOK 3,863,846,353.63 | 13.5x | -19.7x | 5.1x |
| Wed, 25 Dec 2024 | NOK 75.5b | NOK 15.0b | -NOK 3,863,882,543.95 | 13.9x | -19.5x | 5x |
| Fri, 22 Nov 2024 | NOK 74.5b | NOK 15.2b | -NOK 3,569,106,905.59 | 16.2x | -20.9x | 4.9x |
| Sun, 20 Oct 2024 | NOK 80.0b | NOK 15.3b | -NOK 4,856,697,734.76 | 33.9x | -16.5x | 5.2x |
| Tue, 17 Sep 2024 | NOK 81.8b | NOK 15.4b | -NOK 6,960,095,454.84 | 36.1x | -11.8x | 5.3x |
| Thu, 15 Aug 2024 | NOK 80.9b | NOK 15.2b | -NOK 6,928,361,866.54 | 26.7x | -11.7x | 5.3x |
| Sat, 13 Jul 2024 | NOK 77.8b | NOK 15.4b | -NOK 8,141,204,380.49 | 16x | -9.6x | 5.1x |
| Mon, 10 Jun 2024 | NOK 75.6b | NOK 15.4b | -NOK 8,144,785,229.40 | 15x | -9.3x | 4.9x |
| Wed, 08 May 2024 | NOK 76.2b | NOK 15.0b | -NOK 8,623,318,273.35 | 32.1x | -8.8x | 5.1x |
| Fri, 05 Apr 2024 | NOK 72.9b | NOK 14.5b | -NOK 7,039,916,005.65 | 29.7x | -10.4x | 5x |
| Sun, 03 Mar 2024 | NOK 69.5b | NOK 14.7b | -NOK 7,039,930,274.75 | 31.3x | -9.9x | 4.7x |
| Tue, 30 Jan 2024 | NOK 69.8b | NOK 14.8b | -NOK 3,203,956,286.00 | 15.7x | -21.8x | 4.7x |
| Thu, 28 Dec 2023 | NOK 65.1b | NOK 14.8b | -NOK 3,203,911,717.00 | 15.3x | -20.3x | 4.4x |
| Sat, 25 Nov 2023 | NOK 59.0b | NOK 15.4b | -NOK 2,898,556,359.00 | 14.1x | -20.4x | 3.8x |
| Mon, 23 Oct 2023 | NOK 55.8b | NOK 15.8b | -NOK 1,980,538,107.00 | 11.9x | -28.2x | 3.5x |
| Wed, 20 Sep 2023 | NOK 59.6b | NOK 15.8b | -NOK 3,047,180,103.00 | 12.1x | -19.6x | 3.8x |
| Fri, 18 Aug 2023 | NOK 60.8b | NOK 16.3b | -NOK 2,802,083,191.00 | 12.5x | -21.7x | 3.7x |
Price to Earnings Ratio
-21.7x
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 15.8x which is higher than its 3-year average PE of -0.58x.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 9.4% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Real Estate sector?
| NO Market | 0.067% | |
| Real Estate | -1.68% | |
| Real Estate | -1.68% | |
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 81.1%, which is lower than the prior year's growth of 280.2% 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 81% over the next 5 years.
- However this is lower than its past earnings growth rate of 280% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 81% 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 | |
|---|---|---|---|---|---|
| BINT Bevest | NOK 23.80 | 9.2% +NOK 206.4m | -70.4% | PS0.3x | |
| SBO Selvaag Bolig | NOK 33.75 | 1.7% +NOK 51.5m | -9.0% | PE14.2x |