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Norwegian (OSEAX) Real Estate Sector Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies8
  • 7D0.1%
  • 3M-2.1%
  • 1Y11.8%
  • YTD16.7%

In the last week, the Real Estate industry is flat overall, with Public Property Invest standing out by going down 4.7%. The past year has been better, since the industry has gained 12% in that time. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 13 Jan 2023NOK 66.0bNOK 16.6bNOK 10.7b6.5x6.1x4x
Sun, 11 Dec 2022NOK 62.7bNOK 14.2bNOK 10.7b6.4x5.9x4.4x
Tue, 08 Nov 2022NOK 63.2bNOK 15.2bNOK 10.5b6.5x6x4.2x
Thu, 06 Oct 2022NOK 61.2bNOK 15.0bNOK 15.0b5.3x4.1x4.1x
Price to Earnings Ratio

4.1x


Total Market Cap: NOK 61.2bTotal Earnings: NOK 15.0bTotal Revenue: NOK 15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Sector Price to Earnings3Y Average -7x202320242025
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 16.0x which is higher than its 3-year average PE of -7.0x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 28% per year over the last three years,
  • Revenues have also declined 3.4% 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 Market1.34%
Real Estate0.10%
Real Estate0.10%
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 0.2%, which is lower than the prior year's growth of 112.8% 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
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 0.2% 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 113% 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
EISP EiendomssparNOK 540.002.9%
+NOK 498.8m		35.0%PE25x
OLT Olav Thon EiendomsselskapNOK 273.001.5%
+NOK 405.9m		21.9%PE11.4x
ROM RomRealNOK 2.405.3%
+NOK 4.8m		-26.8%PS162.6x

Latest News

PUBLI
NOK 23.35
Public Property Invest
7D
-4.7%
1Y
24.1%
KMCP
NOK 6.00
KMC Properties
7D
-12.4%
1Y
-98.1%
ENTRA
NOK 120.00
Entra
7D
-1.3%
1Y
-12.7%
BALT
NOK 58.50
Baltic Sea Properties
7D
-0.8%
1Y
19.4%
ROM
NOK 2.40
RomReal
7D
5.3%
1Y
-26.8%
OLT
NOK 273.00
Olav Thon Eiendomsselskap
7D
1.5%
1Y
21.9%

Olav Thon Eiendomsselskap's (OB:OLT) Earnings Are Of Questionable Quality

Aug 24
Olav Thon Eiendomsselskap's (OB:OLT) Earnings Are Of Questionable Quality
SBO
NOK 35.85
Selvaag Bolig
7D
-3.8%
1Y
2.1%
EISP
NOK 540.00
Eiendomsspar
7D
2.9%
1Y
35.0%