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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 15, 2024
DataAggregated Company Financials
Companies316
  • 7D0.6%
  • 3M-2.6%
  • 1Y2.4%
  • YTD0.9%

The Energy sector gained 3.1% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 9.1% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Norwegian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 Nov 2024NOK 3.7tNOK 3.4tNOK 330.6b10.6x11.3x1.1x
Sun, 13 Oct 2024NOK 3.8tNOK 3.3tNOK 307.8b11.5x12.4x1.2x
Tue, 10 Sep 2024NOK 3.7tNOK 3.3tNOK 311.1b11.1x11.8x1.1x
Thu, 08 Aug 2024NOK 3.8tNOK 3.3tNOK 296.5b10.9x12.7x1.1x
Sat, 06 Jul 2024NOK 3.8tNOK 3.3tNOK 284.4b11.5x13.5x1.2x
Mon, 03 Jun 2024NOK 4.0tNOK 3.3tNOK 281.9b11.7x14x1.2x
Wed, 01 May 2024NOK 4.0tNOK 3.4tNOK 279.2b11.5x14.3x1.2x
Fri, 29 Mar 2024NOK 3.9tNOK 3.4tNOK 303.9b11.7x13x1.2x
Sun, 25 Feb 2024NOK 3.8tNOK 3.3tNOK 267.6b11.7x14.1x1.1x
Tue, 23 Jan 2024NOK 3.9tNOK 3.5tNOK 350.1b11.1x11.3x1.1x
Thu, 21 Dec 2023NOK 4.0tNOK 3.5tNOK 346.3b10.5x11.6x1.2x
Sat, 18 Nov 2023NOK 4.0tNOK 3.6tNOK 361.2b10.3x11.1x1.1x
Mon, 16 Oct 2023NOK 4.1tNOK 3.8tNOK 423.2b10.7x9.7x1.1x
Wed, 13 Sep 2023NOK 4.0tNOK 3.8tNOK 414.4b10.8x9.7x1.1x
Fri, 11 Aug 2023NOK 3.9tNOK 3.6tNOK 404.2b11x9.7x1.1x
Sun, 09 Jul 2023NOK 3.8tNOK 3.8tNOK 499.7b11.1x7.6x1x
Tue, 06 Jun 2023NOK 3.9tNOK 3.9tNOK 520.9b11.2x7.4x1x
Thu, 04 May 2023NOK 3.9tNOK 3.8tNOK 554.5b11.6x7x1x
Sat, 01 Apr 2023NOK 3.9tNOK 3.8tNOK 548.2b11.4x7.1x1x
Mon, 27 Feb 2023NOK 4.0tNOK 3.7tNOK 579.1b11.5x7x1.1x
Wed, 25 Jan 2023NOK 3.9tNOK 3.6tNOK 485.9b11.8x8.1x1.1x
Fri, 23 Dec 2022NOK 4.0tNOK 3.6tNOK 485.3b11.5x8.3x1.1x
Sun, 20 Nov 2022NOK 4.0tNOK 3.6tNOK 493.4b11.1x8x1.1x
Tue, 18 Oct 2022NOK 3.8tNOK 3.4tNOK 393.1b11.9x9.7x1.1x
Thu, 15 Sep 2022NOK 4.1tNOK 3.3tNOK 377.7b12.6x10.9x1.2x
Sat, 13 Aug 2022NOK 4.2tNOK 3.1tNOK 341.1b12.6x12.4x1.3x
Mon, 11 Jul 2022NOK 4.0tNOK 3.0tNOK 298.3b12x13.4x1.3x
Wed, 08 Jun 2022NOK 4.2tNOK 2.9tNOK 284.8b13.3x14.8x1.5x
Fri, 06 May 2022NOK 4.1tNOK 2.7tNOK 206.8b14.2x19.9x1.5x
Sun, 03 Apr 2022NOK 4.2tNOK 2.5tNOK 195.6b14.8x21.7x1.7x
Tue, 01 Mar 2022NOK 4.0tNOK 2.5tNOK 199.1b13.8x20x1.6x
Thu, 27 Jan 2022NOK 3.9tNOK 2.2tNOK 152.3b15x25.8x1.8x
Sat, 25 Dec 2021NOK 3.7tNOK 2.1tNOK 128.3b14.8x28.6x1.7x
Mon, 22 Nov 2021NOK 4.0tNOK 2.2tNOK 153.4b14.8x26.1x1.8x
Price to Earnings Ratio

26.1x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 153.4bTotal Revenue: NOK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 29.3x202220232024
Current Market PE
  • Investors are pessimistic on the Norwegian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 11.3x which is lower than its 3-year average PE of 29.3x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 29% per year over the last three years.
  • Revenues for these companies have grown 16% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Norwegian Market?

NO Market0.64%
Energy3.14%
Industrials2.85%
Tech0.84%
Telecom0.61%
Utilities0.29%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.94%
Financials-1.44%
Consumer Discretionary-1.98%
Real Estate-3.73%
Healthcare-4.92%
Materials-5.79%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 472x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 44.4% which is higher than its past year's earnings decline of 9.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings decline of 77% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 30% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
EQNR EquinorNOK 263.405.4%
+NOK 36.7b		-23.6%PE6.9xEnergy
KOG Kongsberg GruppenNOK 1.21k7.7%
+NOK 15.3b		158.7%PE44.1xIndustrials
TEL TelenorNOK 132.601.8%
+NOK 3.1b		17.4%PE18.7xTelecom
WAWI Wallenius WilhelmsenNOK 109.306.9%
+NOK 3.0b		18.4%PE4.6xIndustrials
AUTO AutoStore HoldingsNOK 11.827.8%
+NOK 2.9b		-29.0%PE25.9xIndustrials
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EQNR

NOK 263.40

Equinor

7D

5.4%

1Y

-23.6%

KOG

NOK 1,211.00

Kongsberg Gruppen

7D

7.7%

1Y

158.7%

Some Confidence Is Lacking In Kongsberg Gruppen ASA's (OB:KOG) P/E

Nov 14
Some Confidence Is Lacking In Kongsberg Gruppen ASA's (OB:KOG) P/E

NHY

NOK 65.94

Norsk Hydro

7D

-8.2%

1Y

4.1%

AUTO

NOK 11.82

AutoStore Holdings

7D

7.8%

1Y

-29.0%

TEL

NOK 132.60

Telenor

7D

1.8%

1Y

17.4%

STB

NOK 119.00

Storebrand

7D

-3.4%

1Y

27.5%

AKER

NOK 566.00

Aker

7D

-4.1%

1Y

-15.7%

DNB

NOK 228.30

DNB Bank

7D

-0.9%

1Y

13.2%

TOM

NOK 149.20

Tomra Systems

7D

-5.0%

1Y

48.2%

CRAYN

NOK 118.80

Crayon Group Holding

7D

7.5%

1Y

58.1%

WAWI

NOK 109.30

Wallenius Wilhelmsen

7D

6.9%

1Y

18.4%

VAR

NOK 34.98

Vår Energi

7D

3.0%

1Y

0.6%

Some Investors May Be Willing To Look Past Vår Energi's (OB:VAR) Soft Earnings

Oct 29
Some Investors May Be Willing To Look Past Vår Energi's (OB:VAR) Soft Earnings

YAR

NOK 314.00

Yara International

7D

-4.9%

1Y

-15.3%

HAUTO

NOK 122.80

Höegh Autoliners

7D

6.8%

1Y

44.6%

GJF

NOK 188.90

Gjensidige Forsikring

7D

-2.8%

1Y

7.0%

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%