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Norwegian (OSEAX) Real Estate Sector Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies7
  • 7D1.2%
  • 3M-0.5%
  • 1Y-14.4%
  • YTD-6.0%

Over the last 7 days, the Real Estate industry has remained flat. Unfortunately though, the industry is down 11% over the past 12 months. Looking forward, earnings are forecast to grow by 8.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026NOK 55.3bNOK 20.0bNOK 4.6b8.2x12x2.8x
Sun, 24 May 2026NOK 55.8bNOK 20.0bNOK 4.6b8.2x12x2.8x
Tue, 21 Apr 2026NOK 65.2bNOK 11.3bNOK 5.7b8.6x11.4x5.8x
Thu, 19 Mar 2026NOK 75.7bNOK 11.3bNOK 5.7b9.3x13.3x6.7x
Sat, 14 Feb 2026NOK 68.7bNOK 9.4bNOK 3.5b19x19.6x7.3x
Mon, 12 Jan 2026NOK 102.5bNOK 14.5bNOK 6.2b16.7x16.7x7.1x
Wed, 10 Dec 2025NOK 99.5bNOK 14.5bNOK 6.2b15.8x16.2x6.9x
Fri, 07 Nov 2025NOK 85.5bNOK 13.7bNOK 5.8b14.6x14.8x6.3x
Sun, 05 Oct 2025NOK 88.1bNOK 13.6bNOK 5.6b17x15.8x6.5x
Tue, 02 Sep 2025NOK 90.7bNOK 13.4bNOK 5.5b17.9x16.5x6.8x
Thu, 31 Jul 2025NOK 94.5bNOK 14.6bNOK 6.5b16.2x14.5x6.5x
Sat, 28 Jun 2025NOK 92.0bNOK 14.5bNOK 5.8b19.8x15.8x6.3x
Mon, 26 May 2025NOK 83.8bNOK 14.5bNOK 5.8b16.6x14.5x5.8x
Wed, 23 Apr 2025NOK 81.6bNOK 15.0bNOK 4.2b16.1x19.3x5.4x
Fri, 21 Mar 2025NOK 82.3bNOK 15.2bNOK 3.4b16.3x24.3x5.4x
Sun, 16 Feb 2025NOK 80.5bNOK 14.1bNOK 374.5m20.1x215x5.7x
Tue, 14 Jan 2025NOK 75.0bNOK 14.0b-NOK 3,930,629,618.4412.3x-19.1x5.3x
Thu, 12 Dec 2024NOK 77.2bNOK 15.2b-NOK 3,583,121,010.0713.1x-21.6x5.1x
Sat, 09 Nov 2024NOK 78.0bNOK 15.2b-NOK 3,598,334,251.3532.4x-21.7x5.1x
Mon, 07 Oct 2024NOK 81.9bNOK 15.4b-NOK 6,960,143,424.3936.6x-11.8x5.3x
Wed, 04 Sep 2024NOK 79.4bNOK 15.4b-NOK 7,003,084,238.5633.3x-11.3x5.2x
Fri, 02 Aug 2024NOK 79.4bNOK 15.5b-NOK 6,956,121,652.4327.2x-11.4x5.1x
Sun, 30 Jun 2024NOK 76.5bNOK 15.4b-NOK 8,141,379,994.3816.5x-9.4x5x
Tue, 28 May 2024NOK 76.2bNOK 15.2b-NOK 8,148,473,138.5436.8x-9.3x5x
Thu, 25 Apr 2024NOK 71.3bNOK 14.4b-NOK 7,781,416,379.7831.5x-9.2x4.9x
Sat, 23 Mar 2024NOK 71.9bNOK 14.5b-NOK 7,039,917,334.2529.7x-10.2x5x
Mon, 19 Feb 2024NOK 68.8bNOK 14.7b-NOK 7,021,652,870.4721.8x-9.8x4.7x
Wed, 17 Jan 2024NOK 69.8bNOK 14.8b-NOK 3,203,995,975.0016x-21.8x4.7x
Fri, 15 Dec 2023NOK 63.8bNOK 14.6b-NOK 3,383,950,803.0014.8x-18.8x4.4x
Sun, 12 Nov 2023NOK 57.1bNOK 15.4b-NOK 2,864,105,573.0013.8x-20x3.7x
Tue, 10 Oct 2023NOK 57.6bNOK 15.7b-NOK 3,225,344,287.0012.3x-17.8x3.7x
Thu, 07 Sep 2023NOK 61.0bNOK 16.4b-NOK 2,900,788,217.0011.3x-21x3.7x
Sat, 05 Aug 2023NOK 61.3bNOK 16.2b-NOK 1,690,394,577.0011.1x-36.2x3.8x
Mon, 03 Jul 2023NOK 61.0bNOK 16.1b-NOK 690,159,083.0011.1x-88.4x3.8x
Price to Earnings Ratio

-88.4x


Total Market Cap: NOK 61.0bTotal Earnings: -NOK 690,159,083.00Total Revenue: NOK 16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Sector Price to Earnings3Y Average -3.6x202420252026
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 11.9x which is higher than its 3-year average PE of -3.7x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 2.8x.
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 7.5% 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-0.59%
Real Estate1.25%
Real Estate1.25%
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 8.7%, which is lower than the prior year's growth of 57.7% 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 8.7% over the next 5 years.
  • However this is lower than its past earnings growth rate of 58% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 8.7% 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
ENTRA EntraNOK 104.804.0%
+NOK 728.5m		-20.0%PE16.8x
SBO Selvaag BoligNOK 33.202.0%
+NOK 60.9m		-4.6%PE23.1x

Latest News

ENTRA
NOK 104.80
Entra
7D
4.0%
1Y
-20.0%
Analysis Article • Jun 20

Entra (OB:ENTRA) Stock Could Be 8% Undervalued After Oslo Leases And Green Bonds

Why Entra Stock Is Back On Investors’ Radar Entra (OB:ENTRA) has drawn fresh attention after signing new 10 year leases in Oslo’s Bryn district and issuing NOK 1,050 million in senior unsecured green bonds tied to its property portfolio. See our latest analysis for Entra. These new leases and the NOK 1,050 million green bond issue come at a time when Entra’s share price has recently picked up, with a 1 day share price return of 1.79%, although the year to date share price return is down 8.88%...
BINT
NOK 23.80
Bevest
7D
-3.3%
1Y
-79.1%
SBO
NOK 33.20
Selvaag Bolig
7D
2.0%
1Y
-4.6%
BALT
NOK 47.00
Baltic Sea Properties
7D
-5.6%
1Y
-11.3%