Norwegian (OSEAX) Real Estate Industry Analysis
UpdatedFeb 02, 2023
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M4.3%
- 1Y-28.2%
- YTD3.2%
Over the last 7 days, the Real Estate industry has remained flat, although notably Selvaag Bolig gained 3.6%. As for the longer term, the industry has declined 28% in the last year. In the next few years, earnings are forecast to decline by 12% annually.
Industry Valuation and Performance
Has the Norwegian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Feb 2023 | kr65.8b | kr16.6b | kr10.7b | 6.6x | 6.1x | 4x |
| Sat, 31 Dec 2022 | kr62.8b | kr16.6b | kr10.7b | 6.6x | 5.8x | 3.8x |
| Mon, 28 Nov 2022 | kr62.5b | kr15.2b | kr10.3b | 6.5x | 6.1x | 4.1x |
| Wed, 26 Oct 2022 | kr61.2b | kr15.2b | kr11.3b | 6.2x | 5.4x | 4x |
| Fri, 23 Sep 2022 | kr66.4b | kr15.0b | kr15.0b | 6x | 4.4x | 4.4x |
| Sun, 21 Aug 2022 | kr73.2b | kr14.1b | kr14.9b | 6x | 4.9x | 5.2x |
| Tue, 19 Jul 2022 | kr69.5b | kr13.4b | kr14.1b | 6.5x | 4.9x | 5.2x |
| Thu, 16 Jun 2022 | kr76.5b | kr13.4b | kr15.2b | 6.6x | 5x | 5.7x |
| Sat, 14 May 2022 | kr79.0b | kr13.0b | kr14.1b | 8.1x | 5.6x | 6.1x |
| Mon, 11 Apr 2022 | kr86.0b | kr12.3b | kr12.5b | 8.2x | 6.9x | 7x |
| Wed, 09 Mar 2022 | kr86.8b | kr14.7b | kr12.9b | 8.3x | 6.7x | 5.9x |
| Fri, 04 Feb 2022 | kr94.2b | kr13.8b | kr14.0b | 9.3x | 6.7x | 6.8x |
| Sun, 02 Jan 2022 | kr95.3b | kr13.8b | kr14.0b | 8.9x | 6.8x | 6.9x |
| Tue, 30 Nov 2021 | kr95.7b | kr13.9b | kr14.0b | 8.5x | 6.8x | 6.9x |
| Thu, 28 Oct 2021 | kr107.6b | kr14.0b | kr16.2b | 8.3x | 6.7x | 7.7x |
| Sat, 25 Sep 2021 | kr104.3b | kr14.0b | kr16.2b | 8.4x | 6.4x | 7.5x |
| Mon, 23 Aug 2021 | kr98.3b | kr13.1b | kr13.8b | 8.7x | 7.1x | 7.5x |
| Sat, 10 Jul 2021 | kr89.8b | kr13.1b | kr13.8b | 8.5x | 6.5x | 6.9x |
| Fri, 02 Apr 2021 | kr88.1b | kr12.6b | kr12.5b | 11.1x | 7.1x | 7x |
| Mon, 04 Jan 2021 | kr92.4b | kr11.5b | kr10.1b | 11x | 9.1x | 8.1x |
| Thu, 08 Oct 2020 | kr68.0b | kr12.5b | kr4.7b | 9x | 14.4x | 5.4x |
| Wed, 01 Jul 2020 | kr68.5b | kr13.2b | kr5.0b | 9.6x | 13.6x | 5.2x |
| Sat, 04 Apr 2020 | kr57.6b | kr15.0b | kr5.6b | 8.4x | 10.2x | 3.8x |
Price to Earnings Ratio
11.7x
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 6.1x which is lower than its 3-year average PE of 8.3x.
- The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 2.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Real Estate industry?
| NO Market | 2.31% | |
| Real Estate | -0.27% | |
| Real Estate | -0.27% | |
| Real Estate Development | 3.65% | |
| Diversified Real Estate | 0% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -0.46% | |
Industry PE
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 9.4x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Real Estate Operating Companies industry since they expect its earnings to decline by only 12% 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 3.4% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings decline by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ENTRA Entra | kr124.40 | 3.5% +kr765.0m | -35.4% | PB0.7x | |
| SBO Selvaag Bolig | kr35.05 | 8.3% +kr251.0m | -33.9% | PB1.4x | |
| KMCP KMC Properties | kr7.00 | 1.4% +kr32.4m | -35.8% | PB1.1x |