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Norwegian (OSEAX) Real Estate Sector Analysis

UpdatedDec 07, 2022
DataAggregated Company Financials
Companies11
  • 7D0.5%
  • 3M-11.1%
  • 1Y-32.7%
  • YTD-32.5%

The Real Estate is pretty flat in the last 7 days, but Eiendomsspar has stood out, gaining 8.1%. Unfortunately though, the industry is down 33% over the past 12 months. As for the next few years, earnings are forecast to decline by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022kr62.5bkr14.2bkr10.7b6.7x5.9x4.4x
Fri, 04 Nov 2022kr63.1bkr15.2bkr11.3b6.4x5.6x4.2x
Sun, 02 Oct 2022kr64.0bkr15.0bkr15.0b5.4x4.3x4.3x
Tue, 30 Aug 2022kr72.1bkr14.3bkr15.0b6.5x4.8x5x
Thu, 28 Jul 2022kr70.1bkr13.4bkr14.1b6.5x5x5.2x
Sat, 25 Jun 2022kr71.1bkr13.2bkr15.2b6.5x4.7x5.4x
Mon, 23 May 2022kr77.9bkr13.1bkr15.2b7.1x5.1x6x
Wed, 20 Apr 2022kr85.1bkr12.7bkr11.9b9.2x7.1x6.7x
Fri, 18 Mar 2022kr90.4bkr14.7bkr12.9b8.3x7x6.1x
Sun, 13 Feb 2022kr93.8bkr14.0bkr14.7b8.9x6.4x6.7x
Tue, 11 Jan 2022kr94.4bkr13.8bkr14.0b9.3x6.7x6.8x
Thu, 09 Dec 2021kr95.1bkr13.8bkr14.0b8.6x6.8x6.9x
Sat, 06 Nov 2021kr106.5bkr14.0bkr16.2b8x6.6x7.6x
Mon, 04 Oct 2021kr103.1bkr14.0bkr16.2b8.5x6.3x7.4x
Wed, 01 Sep 2021kr97.7bkr13.1bkr13.8b9.1x7.1x7.5x
Thu, 08 Jul 2021kr89.8bkr13.1bkr13.8b8.5x6.5x6.9x
Wed, 31 Mar 2021kr88.1bkr12.6bkr12.5b11.1x7.1x7x
Sat, 02 Jan 2021kr92.4bkr11.5bkr10.1b11x9.1x8.1x
Tue, 06 Oct 2020kr68.0bkr12.5bkr4.7b9x14.4x5.4x
Fri, 10 Jul 2020kr68.5bkr13.2bkr5.0b9.6x13.6x5.2x
Thu, 02 Apr 2020kr57.6bkr15.0bkr5.6b8.4x10.2x3.8x
Sun, 05 Jan 2020kr82.4bkr15.4bkr7.1b14.1x11.7x5.3x
Price to Earnings Ratio

11.7x


Total Market Cap: kr82.4bTotal Earnings: kr7.1bTotal Revenue: kr15.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Sector Price to Earnings3Y Average 8.7x20212022
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 5.9x which is lower than its 3-year average PE of 8.7x.
  • The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 15% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

NO Market-1.63%
Real Estate0.46%
Real Estate0.46%
REITS0%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 8.7x.
    • Analysts are expecting annual earnings decline of 13.1%, which is worse than the prior year's decline of 3.5%.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 13% per year over the next 5 years, which isn't as bad as the other industries.
  • This is even lower than its past earnings decline of 3.5% per year.
  • In contrast, the Real Estate industry is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EISP Eiendomssparkr335.008.1%
+kr829.2m
-26.4%PB1.3x
AURA Aurora Eiendomkr80.002.0%
+kr49.5m
-21.6%PB0.9x
RCR Recreatekr8.850.6%
+kr1.1m
-70.5%PB0.3x
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Latest News

KMCP

kr6.66

KMC Properties

7D

-0.6%

1Y

-33.3%

OLT

kr167.00

Olav Thon Eiendomsselskap

7D

-5.9%

1Y

-11.7%

ENTRA

kr103.90

Entra

7D

-0.7%

1Y

-48.9%

ROM

kr1.70

RomReal

7D

-5.6%

1Y

-1.7%

AURA

kr80.00

Aurora Eiendom

7D

2.0%

1Y

-21.6%

SBO

kr28.70

Selvaag Bolig

7D

-0.3%

1Y

-41.2%

RCR

kr8.85

Recreate

7D

0.6%

1Y

-70.5%

EISP

kr335.00

Eiendomsspar

7D

8.1%

1Y

-26.4%