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Norwegian (OSEAX) Real Estate Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies7
  • 7D0.1%
  • 3M-5.9%
  • 1Y-0.8%
  • YTD-5.4%

Over the last 7 days, the Real Estate industry has remained flat, although notably Selvaag Bolig gained 4.3%. As for the longer term, the industry has declined 7.3% in the last year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026NOK 55.7bNOK 20.0bNOK 4.6b8.6x12x2.8x
Fri, 24 Apr 2026NOK 72.3bNOK 11.4bNOK 5.7b9x12.7x6.4x
Sun, 22 Mar 2026NOK 66.4bNOK 11.3bNOK 5.7b9.4x11.7x5.9x
Tue, 17 Feb 2026NOK 69.0bNOK 9.4bNOK 3.5b19.2x19.7x7.4x
Thu, 15 Jan 2026NOK 102.2bNOK 14.5bNOK 6.2b16.7x16.6x7.1x
Sat, 13 Dec 2025NOK 99.4bNOK 14.5bNOK 6.2b15.8x16.2x6.9x
Mon, 10 Nov 2025NOK 86.3bNOK 14.0bNOK 5.8b14.6x14.9x6.2x
Wed, 08 Oct 2025NOK 87.7bNOK 13.6bNOK 5.6b16.9x15.8x6.5x
Fri, 05 Sep 2025NOK 89.1bNOK 13.4bNOK 5.5b17.6x16.3x6.7x
Sun, 03 Aug 2025NOK 95.0bNOK 14.6bNOK 6.5b18.5x14.6x6.5x
Tue, 01 Jul 2025NOK 94.1bNOK 14.5bNOK 5.8b19.8x16.2x6.5x
Thu, 29 May 2025NOK 84.3bNOK 14.5bNOK 5.8b16.7x14.5x5.8x
Sat, 26 Apr 2025NOK 81.8bNOK 15.0bNOK 4.2b15.9x19.3x5.5x
Mon, 24 Mar 2025NOK 82.3bNOK 15.2bNOK 3.4b16.4x24.2x5.4x
Wed, 19 Feb 2025NOK 81.4bNOK 14.6bNOK 3.0b16.6x27.3x5.6x
Fri, 17 Jan 2025NOK 75.4bNOK 15.0b-NOK 3,863,814,419.7113.8x-19.5x5x
Sun, 15 Dec 2024NOK 76.3bNOK 14.8b-NOK 3,752,315,719.4213.6x-20.3x5.2x
Tue, 12 Nov 2024NOK 77.9bNOK 15.2b-NOK 3,598,354,376.3732.4x-21.6x5.1x
Thu, 10 Oct 2024NOK 81.6bNOK 15.4b-NOK 6,960,091,607.2036.1x-11.7x5.3x
Sat, 07 Sep 2024NOK 80.1bNOK 15.4b-NOK 6,960,047,309.9534.9x-11.5x5.2x
Mon, 05 Aug 2024NOK 79.2bNOK 15.5b-NOK 6,956,034,532.4727.2x-11.4x5.1x
Wed, 03 Jul 2024NOK 77.1bNOK 15.4b-NOK 8,141,358,494.3516.6x-9.5x5x
Fri, 31 May 2024NOK 76.0bNOK 15.4b-NOK 8,148,472,401.2636.8x-9.3x4.9x
Sun, 28 Apr 2024NOK 71.8bNOK 15.0b-NOK 8,681,414,493.6532.3x-8.3x4.8x
Tue, 26 Mar 2024NOK 71.5bNOK 14.5b-NOK 7,039,917,804.8729.7x-10.2x4.9x
Thu, 22 Feb 2024NOK 68.9bNOK 14.7b-NOK 7,021,666,567.9822.2x-9.8x4.7x
Sat, 20 Jan 2024NOK 69.4bNOK 14.8b-NOK 3,204,014,539.0016x-21.6x4.7x
Mon, 18 Dec 2023NOK 63.1bNOK 14.8b-NOK 3,204,001,478.0014.7x-19.7x4.3x
Wed, 15 Nov 2023NOK 58.2bNOK 15.4b-NOK 2,863,084,790.0013.8x-20.3x3.8x
Fri, 13 Oct 2023NOK 57.7bNOK 15.7b-NOK 3,225,440,479.0012.2x-17.9x3.7x
Sun, 10 Sep 2023NOK 60.3bNOK 16.5b-NOK 3,047,144,967.0011.9x-19.8x3.7x
Tue, 08 Aug 2023NOK 61.0bNOK 16.2b-NOK 1,690,436,095.0011.1x-36.1x3.8x
Thu, 06 Jul 2023NOK 61.4bNOK 16.1b-NOK 690,005,102.0011.1x-88.9x3.8x
Sat, 03 Jun 2023NOK 62.0bNOK 16.1b-NOK 690,310,600.0010.5x-89.9x3.8x
Price to Earnings Ratio

-89.9x


Total Market Cap: NOK 62.0bTotal Earnings: -NOK 690,310,600.00Total Revenue: NOK 16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Real Estate Industry Price to Earnings3Y Average -6.4x202420252026
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 12.0x which is higher than its 3-year average PE of -6.5x.
  • The 3-year average PS ratio of 5.3x 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 7.4% 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 industry?

NO Market-1.13%
Real Estate0.10%
Real Estate0.10%
Real Estate Development4.28%
Real Estate Services0%0
Real Estate Operating Companies-0.14%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry even though it's trading below its 3-year average PE ratio of 32.7x.
    • Analysts are expecting annual earnings growth of 19.7%, which is lower than the prior year's growth of 34.9% per year.
  • Investors are most pessimistic about the Real Estate Operating Companies 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 Development industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 35% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 12% 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 EiendomssparNOK 570.001.8%
+NOK 332.8m		29.5%PE7.1x
SBO Selvaag BoligNOK 34.104.3%
+NOK 131.2m		-3.4%PE23.7x
BINT BEWI InvestNOK 26.704.3%
+NOK 113.5m		-59.5%PS0.3x
BALT Baltic Sea PropertiesNOK 51.008.5%
+NOK 34.6m		-2.9%PE9.6x

Latest News

SBO
NOK 34.10
Selvaag Bolig
7D
4.3%
1Y
-3.4%
Analysis Article • May 24

Selvaag Bolig ASA (OB:SBO) Just Reported And Analysts Have Been Cutting Their Estimates

Selvaag Bolig ASA ( OB:SBO ) just released its latest first-quarter report and things are not looking great...
BINT
NOK 26.70
BEWI Invest
7D
4.3%
1Y
-59.5%
BALT
NOK 51.00
Baltic Sea Properties
7D
8.5%
1Y
-2.9%
EISP
NOK 570.00
Eiendomsspar
7D
1.8%
1Y
29.5%
ENTRA
NOK 104.40
Entra
7D
-1.1%
1Y
-11.2%
Narrative Update • Apr 30

ENTRA: Nordea Downgrade And Leasing Pipeline Will Shape A Balanced Outlook

Analysts have nudged their price target on Entra slightly lower to NOK112.00 from NOK112.67, reflecting updated views on modestly higher projected revenue growth, a slightly stronger profit margin, and a small adjustment to expected future P/E levels following recent Street research, including a downgrade from Nordea. Analyst Commentary Recent research has prompted a modest cut to the price target, even as projections now reflect slightly stronger revenue growth and profit margins.
ROM
NOK 2.70
RomReal
7D
-3.6%
1Y
0%