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Norwegian (OSEAX) Real Estate Sector Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies10
- 7D1.6%
- 3M8.3%
- 1Y17.3%
- YTD6.3%
The Real Estate industry is up 3.0% in the last week, with Eiendomsspar up 7.0%. This means that the industry has gained 17% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | NOK 81.7b | NOK 15.2b | NOK 3.4b | 16.5x | 24.1x | 5.4x |
| Sun, 19 Jan 2025 | NOK 75.7b | NOK 15.0b | -NOK 3,863,861,053.81 | 13.8x | -19.6x | 5x |
| Tue, 17 Dec 2024 | NOK 75.7b | NOK 14.4b | -NOK 3,938,732,886.42 | 12.2x | -19.2x | 5.3x |
| Thu, 14 Nov 2024 | NOK 76.0b | NOK 15.2b | -NOK 3,598,271,968.32 | 17.2x | -21.1x | 5x |
| Sat, 12 Oct 2024 | NOK 82.5b | NOK 15.4b | -NOK 6,960,139,383.81 | 35.6x | -11.9x | 5.4x |
| Mon, 09 Sep 2024 | NOK 80.1b | NOK 15.4b | -NOK 6,960,047,309.95 | 34.9x | -11.5x | 5.2x |
| Wed, 07 Aug 2024 | NOK 79.0b | NOK 15.5b | -NOK 6,956,047,904.05 | 26.9x | -11.4x | 5.1x |
| Fri, 05 Jul 2024 | NOK 77.8b | NOK 15.4b | -NOK 8,141,385,417.79 | 16x | -9.6x | 5.1x |
| Sun, 02 Jun 2024 | NOK 76.4b | NOK 15.4b | -NOK 8,151,970,766.71 | 36.8x | -9.4x | 5x |
| Tue, 30 Apr 2024 | NOK 74.4b | NOK 15.0b | -NOK 8,623,315,118.80 | 32.3x | -8.6x | 4.9x |
| Thu, 28 Mar 2024 | NOK 72.2b | NOK 14.5b | -NOK 7,039,914,698.95 | 29.7x | -10.3x | 5x |
| Sat, 24 Feb 2024 | NOK 69.1b | NOK 14.7b | -NOK 7,045,586,252.32 | 22.2x | -9.8x | 4.7x |
| Mon, 22 Jan 2024 | NOK 69.4b | NOK 14.8b | -NOK 3,204,014,539.00 | 16x | -21.7x | 4.7x |
| Wed, 20 Dec 2023 | NOK 63.7b | NOK 14.8b | -NOK 3,203,947,920.00 | 15x | -19.9x | 4.3x |
| Fri, 17 Nov 2023 | NOK 58.9b | NOK 15.4b | -NOK 2,863,032,892.00 | 13.8x | -20.6x | 3.8x |
| Sun, 15 Oct 2023 | NOK 57.3b | NOK 15.7b | -NOK 3,225,401,331.00 | 12.2x | -17.8x | 3.6x |
| Tue, 12 Sep 2023 | NOK 60.4b | NOK 15.8b | -NOK 3,047,151,104.00 | 11.9x | -19.8x | 3.8x |
| Thu, 10 Aug 2023 | NOK 60.8b | NOK 16.2b | -NOK 1,690,495,728.00 | 10.5x | -36x | 3.8x |
| Sat, 08 Jul 2023 | NOK 61.1b | NOK 16.1b | -NOK 690,045,740.00 | 11.1x | -88.5x | 3.8x |
| Mon, 05 Jun 2023 | NOK 62.0b | NOK 16.1b | -NOK 690,282,156.00 | 10.5x | -89.9x | 3.8x |
| Wed, 03 May 2023 | NOK 63.5b | NOK 16.3b | NOK 1.7b | 8.1x | 38.4x | 3.9x |
| Fri, 31 Mar 2023 | NOK 63.1b | NOK 16.2b | NOK 4.9b | 7.9x | 12.8x | 3.9x |
| Sun, 26 Feb 2023 | NOK 66.0b | NOK 16.1b | NOK 7.5b | 9x | 8.8x | 4.1x |
| Tue, 24 Jan 2023 | NOK 66.9b | NOK 16.6b | NOK 10.7b | 6.6x | 6.2x | 4x |
| Thu, 22 Dec 2022 | NOK 61.8b | NOK 16.6b | NOK 10.7b | 6.6x | 5.8x | 3.7x |
| Sat, 19 Nov 2022 | NOK 62.2b | NOK 15.2b | NOK 10.3b | 6.6x | 6x | 4.1x |
| Mon, 17 Oct 2022 | NOK 60.1b | NOK 15.0b | NOK 15.0b | 4.9x | 4x | 4x |
| Wed, 14 Sep 2022 | NOK 70.6b | NOK 14.3b | NOK 15.0b | 6.1x | 4.7x | 4.9x |
| Fri, 12 Aug 2022 | NOK 72.6b | NOK 13.4b | NOK 14.1b | 6.3x | 5.2x | 5.4x |
| Sun, 10 Jul 2022 | NOK 70.1b | NOK 13.2b | NOK 15.2b | 6.4x | 4.6x | 5.3x |
| Tue, 07 Jun 2022 | NOK 77.6b | NOK 13.4b | NOK 15.2b | 6.9x | 5.1x | 5.8x |
| Thu, 05 May 2022 | NOK 79.6b | NOK 12.9b | NOK 13.7b | 8.3x | 5.8x | 6.2x |
| Sat, 02 Apr 2022 | NOK 85.3b | NOK 12.3b | NOK 12.5b | 8.2x | 6.8x | 6.9x |
| Mon, 28 Feb 2022 | NOK 90.1b | NOK 14.7b | NOK 12.9b | 8.3x | 7x | 6.1x |
Price to Earnings Ratio
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 27.3x which is higher than its 3-year average PE of -9.5x.
- The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 39% 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 | 0.52% | |
| Real Estate | 1.60% | |
| Real Estate | 1.60% | |
| REITS | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Retail REITs | 0% | 0 |
| Office REITs | 0% | 0 |
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 19.4%, which is higher than its past year's earnings decline of 27.7% 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 19% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| OLT Olav Thon Eiendomsselskap | NOK 247.00 | 3.8% +NOK 913.3m | 22.3% | PE11.2x | |
| VIEI Victoria Eiendom | NOK 780.00 | 4.0% +NOK 360.2m | 24.8% | PE21.8x | |
| AURA Aurora Eiendom | NOK 95.00 | 6.1% +NOK 170.3m | 12.4% | PE14.5x | |
| BALT Baltic Sea Properties | NOK 53.00 | 17.8% +NOK 69.5m | 10.4% | PE8.6x |