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Norwegian (OSEAX) Real Estate Industry Analysis

UpdatedApr 24, 2024
DataAggregated Company Financials
Companies10
  • 7D0.7%
  • 3M2.2%
  • 1Y12.6%
  • YTD5.6%

Over the last 7 days, the Real Estate industry has remained flat, although notably Eiendomsspar gained 6.1%. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are expected to grow by 71% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Apr 2024kr71.4bkr14.5b-kr7,781,420,856.4931.5x-9.2x4.9x
Fri, 22 Mar 2024kr71.6bkr14.5b-kr7,039,919,621.9029.7x-10.2x5x
Sun, 18 Feb 2024kr68.8bkr14.7b-kr7,021,652,870.4721.8x-9.8x4.7x
Tue, 16 Jan 2024kr70.5bkr14.8b-kr3,203,977,691.0016x-22x4.8x
Thu, 14 Dec 2023kr62.4bkr14.6b-kr3,384,072,982.0014.3x-18.4x4.3x
Sat, 11 Nov 2023kr57.1bkr15.9b-kr2,804,650,667.0010.5x-20.4x3.6x
Mon, 09 Oct 2023kr57.7bkr15.7b-kr3,225,440,204.0012.2x-17.9x3.7x
Wed, 06 Sep 2023kr61.4bkr16.4b-kr2,900,778,486.0011.6x-21.2x3.7x
Fri, 04 Aug 2023kr61.2bkr16.2b-kr1,690,474,020.0011.1x-36.2x3.8x
Sun, 02 Jul 2023kr61.0bkr16.1b-kr690,159,083.0011.1x-88.4x3.8x
Tue, 30 May 2023kr62.6bkr15.9b-kr718,021,829.0011.4x-87.1x3.9x
Thu, 27 Apr 2023kr63.4bkr13.1bkr1.7b8.4x38.3x4.8x
Sat, 25 Mar 2023kr62.4bkr16.2bkr4.9b8x12.7x3.9x
Mon, 20 Feb 2023kr66.4bkr14.6bkr7.6b7.4x8.7x4.5x
Wed, 18 Jan 2023kr66.3bkr16.6bkr10.7b6.6x6.2x4x
Fri, 16 Dec 2022kr63.0bkr14.2bkr10.7b6.7x5.9x4.4x
Sun, 13 Nov 2022kr65.1bkr15.2bkr10.4b6.6x6.2x4.3x
Tue, 11 Oct 2022kr60.1bkr15.0bkr15.0b5.3x4x4x
Thu, 08 Sep 2022kr70.2bkr14.3bkr15.0b6.2x4.7x4.9x
Sat, 06 Aug 2022kr72.2bkr13.4bkr14.1b6.4x5.1x5.4x
Mon, 04 Jul 2022kr68.3bkr13.2bkr15.2b6.5x4.5x5.2x
Wed, 01 Jun 2022kr77.7bkr13.1bkr15.2b7.1x5.1x5.9x
Fri, 29 Apr 2022kr81.0bkr12.9bkr13.6b8.5x5.9x6.3x
Sun, 27 Mar 2022kr89.5bkr14.7bkr12.9b8.3x6.9x6.1x
Tue, 22 Feb 2022kr90.4bkr14.7bkr12.7b8.7x7.1x6.2x
Thu, 20 Jan 2022kr93.0bkr13.8bkr14.0b9.2x6.6x6.7x
Sat, 18 Dec 2021kr94.1bkr13.8bkr14.0b8.5x6.7x6.8x
Mon, 15 Nov 2021kr108.3bkr13.9bkr16.5b8.1x6.6x7.8x
Wed, 13 Oct 2021kr103.2bkr14.0bkr16.2b8.2x6.4x7.4x
Fri, 10 Sep 2021kr95.6bkr13.1bkr13.8b9.1x6.9x7.3x
Sun, 08 Aug 2021kr98.5bkr13.1bkr13.8b8.9x7.1x7.5x
Sat, 01 May 2021kr87.7bkr12.6bkr12.5b10.7x7x7x
Price to Earnings Ratio

7x


Total Market Cap: kr87.7bTotal Earnings: kr12.5bTotal Revenue: kr12.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Industry Price to Earnings3Y Average -3.6x202220232024
Current Industry PE
  • Investors are relatively neutral on the Norwegian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 4.8% per year.
  • This means that although more sales are being generated, 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 industry?

NO Market-0.50%
Real Estate0.69%
Real Estate0.69%
Real Estate Development0.82%
Real Estate Operating Companies0.68%
Diversified Real Estate0%
Real Estate Services0%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 9.7x.
    • Analysts are expecting annual earnings decline of 9.6%, which is less than its past year's earnings decline of 27.8%.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 77% over the next 5 years.
  • This is better than its past earnings decline of 66% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings decline by 9.6% 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 Eiendomssparkr392.506.1%
+kr746.0m		18.9%PE31.5x
OLT Olav Thon Eiendomsselskapkr221.000.9%
+kr203.0m		27.0%PS4.7x
VIEI Victoria Eiendomkr635.002.4%
+kr180.7m		n/aPE72.1x
KMCP KMC Propertieskr7.703.2%
+kr100.0m		28.8%PS7.8x
SBO Selvaag Boligkr36.700.8%
+kr28.1m		-4.7%PE14x
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