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Norwegian (OSEAX) Real Estate Sector Analysis

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies10
  • 7D0.05%
  • 3M11.8%
  • 1Y16.1%
  • YTD21.3%

The Real Estate industry has stayed flat over the last week. As for the the longer term, the industry is up 16% over the past 12 months. Looking forward, earnings are forecast to grow by 1.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 Aug 2025NOK 96.0bNOK 14.2bNOK 6.4b17.3x14.9x6.8x
Sat, 12 Jul 2025NOK 94.0bNOK 14.5bNOK 5.8b18.8x16.2x6.5x
Mon, 09 Jun 2025NOK 87.2bNOK 14.5bNOK 5.8b16.7x15x6x
Wed, 07 May 2025NOK 83.3bNOK 15.0bNOK 5.4b18.5x15.4x5.6x
Fri, 04 Apr 2025NOK 81.8bNOK 15.0bNOK 4.2b16.1x19.3x5.4x
Sun, 02 Mar 2025NOK 81.2bNOK 15.2bNOK 3.4b16.2x24x5.3x
Tue, 28 Jan 2025NOK 75.9bNOK 15.0b-NOK 3,863,888,542.6813.6x-19.7x5.1x
Thu, 26 Dec 2024NOK 75.5bNOK 15.0b-NOK 3,863,875,865.6413.9x-19.5x5x
Sat, 23 Nov 2024NOK 75.4bNOK 15.2b-NOK 3,569,738,018.0616.7x-21.1x4.9x
Mon, 21 Oct 2024NOK 80.0bNOK 15.3b-NOK 4,856,697,734.7633.9x-16.5x5.2x
Wed, 18 Sep 2024NOK 81.2bNOK 15.4b-NOK 6,960,096,465.5336.9x-11.7x5.3x
Fri, 16 Aug 2024NOK 80.2bNOK 15.2b-NOK 6,928,369,700.8426.6x-11.6x5.3x
Sun, 14 Jul 2024NOK 77.9bNOK 15.4b-NOK 6,952,904,380.4922.2x-11.2x5x
Tue, 11 Jun 2024NOK 75.6bNOK 15.4b-NOK 8,144,858,937.1614.8x-9.3x4.9x
Thu, 09 May 2024NOK 76.4bNOK 15.0b-NOK 8,623,318,875.9531.3x-8.9x5.1x
Sat, 06 Apr 2024NOK 72.6bNOK 14.5b-NOK 7,039,916,852.0629.7x-10.3x5x
Mon, 04 Mar 2024NOK 69.5bNOK 14.7b-NOK 7,039,930,274.7531.3x-9.9x4.7x
Wed, 31 Jan 2024NOK 69.6bNOK 14.8b-NOK 3,203,965,699.0015.8x-21.7x4.7x
Fri, 29 Dec 2023NOK 65.5bNOK 14.8b-NOK 3,203,941,821.0015.7x-20.4x4.4x
Sun, 26 Nov 2023NOK 59.0bNOK 15.5b-NOK 2,896,540,095.0014.1x-20.4x3.8x
Tue, 24 Oct 2023NOK 56.0bNOK 15.8b-NOK 1,980,597,825.0012.1x-28.3x3.5x
Thu, 21 Sep 2023NOK 59.8bNOK 15.8b-NOK 3,047,171,983.0012.2x-19.6x3.8x
Sat, 19 Aug 2023NOK 60.4bNOK 16.3b-NOK 2,802,181,271.0012.3x-21.6x3.7x
Mon, 17 Jul 2023NOK 60.8bNOK 16.1b-NOK 689,590,506.0010.5x-88.1x3.8x
Wed, 14 Jun 2023NOK 62.0bNOK 16.1b-NOK 689,873,632.0011.1x-89.8x3.8x
Fri, 12 May 2023NOK 64.1bNOK 16.4bNOK 1.4b9.5x45.7x3.9x
Sun, 09 Apr 2023NOK 63.7bNOK 16.3bNOK 4.3b9.7x14.7x3.9x
Tue, 07 Mar 2023NOK 66.4bNOK 16.1bNOK 7.5b9.1x8.8x4.1x
Thu, 02 Feb 2023NOK 65.8bNOK 16.6bNOK 10.7b6.6x6.1x4x
Sat, 31 Dec 2022NOK 62.8bNOK 16.6bNOK 10.7b6.6x5.8x3.8x
Mon, 28 Nov 2022NOK 62.5bNOK 15.2bNOK 10.3b6.5x6.1x4.1x
Wed, 26 Oct 2022NOK 61.2bNOK 15.2bNOK 11.3b6.2x5.4x4x
Fri, 23 Sep 2022NOK 66.4bNOK 15.0bNOK 15.0b6x4.4x4.4x
Sun, 21 Aug 2022NOK 73.2bNOK 14.1bNOK 14.9b6x4.9x5.2x
Price to Earnings Ratio

4.9x


Total Market Cap: NOK 73.2bTotal Earnings: NOK 14.9bTotal 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 6.8x.
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-0.41%
Real Estate0.047%
Real Estate0.047%
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 1.5%, 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
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 1.5% 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
AURA Aurora EiendomNOK 87.006.7%
+NOK 170.3m		9.4%PE17.3x
SBO Selvaag BoligNOK 36.900.5%
+NOK 18.8m		5.6%PE156x
ROM RomRealNOK 2.341.7%
+NOK 1.7m		-18.2%PB0.6x

Latest News

AURA
NOK 87.00
Aurora Eiendom
7D
6.7%
1Y
9.4%
SBO
NOK 36.90
Selvaag Bolig
7D
0.5%
1Y
5.6%
OLT
NOK 303.00
Olav Thon Eiendomsselskap
7D
-0.3%
1Y
32.9%

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

Jul 31
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ENTRA
NOK 125.40
Entra
7D
-2.5%
1Y
-2.9%
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PUBLI
NOK 24.20
Public Property Invest
7D
-3.4%
1Y
35.7%
ROM
NOK 2.34
RomReal
7D
1.7%
1Y
-18.2%
KMCP
NOK 0.13
KMC Properties
7D
-4.1%
1Y
-95.2%

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