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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedOct 06, 2024
DataAggregated Company Financials
Companies323
  • 7D3.3%
  • 3M1.2%
  • 1Y6.3%
  • YTD3.4%

Over the last 7 days, the market has risen 3.3%, driven by gains of 8.8% in the Energy sector. The market is up 6.3% over the last 12 months. As for the next few years, earnings are expected to grow by 11% 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
Sun, 06 Oct 2024NOK 3.8tNOK 3.3tNOK 307.0b11.2x12.4x1.2x
Tue, 03 Sep 2024NOK 3.8tNOK 3.3tNOK 305.5b11.8x12.4x1.2x
Thu, 01 Aug 2024NOK 3.9tNOK 3.3tNOK 299.5b11.2x13x1.2x
Sat, 29 Jun 2024NOK 3.9tNOK 3.3tNOK 286.6b11.3x13.6x1.2x
Mon, 27 May 2024NOK 4.1tNOK 3.3tNOK 282.9b11.6x14.4x1.2x
Wed, 24 Apr 2024NOK 3.9tNOK 3.4tNOK 297.7b11.6x13.2x1.2x
Fri, 22 Mar 2024NOK 3.9tNOK 3.3tNOK 293.1b11.5x13.3x1.2x
Sun, 18 Feb 2024NOK 3.8tNOK 3.3tNOK 265.8b11.8x14.2x1.1x
Tue, 16 Jan 2024NOK 4.0tNOK 3.5tNOK 346.4b11x11.5x1.1x
Thu, 14 Dec 2023NOK 4.0tNOK 3.6tNOK 361.0b10.3x11x1.1x
Sat, 11 Nov 2023NOK 4.0tNOK 3.6tNOK 367.5b10.4x11x1.1x
Mon, 09 Oct 2023NOK 3.9tNOK 3.8tNOK 422.5b10.5x9.3x1x
Wed, 06 Sep 2023NOK 4.0tNOK 3.8tNOK 415.3b10.4x9.6x1.1x
Fri, 04 Aug 2023NOK 3.9tNOK 3.6tNOK 404.3b11.1x9.5x1.1x
Sun, 02 Jul 2023NOK 3.8tNOK 3.8tNOK 504.4b11.2x7.6x1x
Tue, 30 May 2023NOK 3.8tNOK 3.9tNOK 525.1b11.4x7.3x1x
Thu, 27 Apr 2023NOK 3.9tNOK 3.8tNOK 545.7b11.4x7.2x1x
Sat, 25 Mar 2023NOK 3.7tNOK 3.8tNOK 549.8b11.6x6.8x1x
Mon, 20 Feb 2023NOK 4.0tNOK 3.7tNOK 572.5b11.6x7.1x1.1x
Wed, 18 Jan 2023NOK 3.9tNOK 3.6tNOK 485.7b11.8x8.1x1.1x
Fri, 16 Dec 2022NOK 4.0tNOK 3.6tNOK 484.9b11.7x8.2x1.1x
Sun, 13 Nov 2022NOK 4.0tNOK 3.6tNOK 482.5b12.2x8.4x1.1x
Tue, 11 Oct 2022NOK 3.9tNOK 3.4tNOK 393.9b11.9x9.8x1.1x
Thu, 08 Sep 2022NOK 4.1tNOK 3.3tNOK 376.4b12.6x10.9x1.3x
Sat, 06 Aug 2022NOK 4.2tNOK 3.2tNOK 347.1b12.6x12x1.3x
Mon, 04 Jul 2022NOK 3.9tNOK 3.0tNOK 296.6b12.3x13.3x1.3x
Wed, 01 Jun 2022NOK 4.3tNOK 2.8tNOK 280.4b13.2x15.2x1.5x
Fri, 29 Apr 2022NOK 4.1tNOK 2.6tNOK 214.6b13.9x19.1x1.6x
Sun, 27 Mar 2022NOK 4.2tNOK 2.5tNOK 196.8b14.4x21.6x1.7x
Tue, 22 Feb 2022NOK 3.9tNOK 2.5tNOK 208.8b14.5x18.8x1.6x
Thu, 20 Jan 2022NOK 4.0tNOK 2.2tNOK 151.4b15.4x26.4x1.8x
Sat, 18 Dec 2021NOK 3.5tNOK 2.2tNOK 129.3b14.3x27.2x1.6x
Mon, 15 Nov 2021NOK 4.0tNOK 2.2tNOK 149.6b14.2x27x1.9x
Wed, 13 Oct 2021NOK 3.8tNOK 2.0tNOK 116.3b13.3x32.5x1.9x
Price to Earnings Ratio

32.5x


Total Market Cap: NOK 3.8tTotal Earnings: NOK 116.3bTotal Revenue: NOK 2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 30x202220232024
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 12.4x which is lower than its 3-year average PE of 30.0x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 38% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market3.32%
Energy8.82%
Consumer Staples2.29%
Materials2.08%
Industrials0.81%
Healthcare0.65%
Real Estate0.54%
Financials0.0052%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Utilities-0.85%
Consumer Discretionary-1.19%
Telecom-1.41%
Tech-2.19%
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 483x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 44.1% which is higher than its past year's earnings decline of 14.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 85% 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 23% 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 287.259.2%
+NOK 66.2b		-15.6%PE7.7xEnergy
AKRBP Aker BPNOK 246.109.6%
+NOK 13.6b		-13.2%PE7.9xEnergy
VAR Vår EnergiNOK 36.3011.7%
+NOK 9.5b		18.7%PE13.8xEnergy
KOG Kongsberg GruppenNOK 1.07k4.3%
+NOK 7.7b		145.8%PE41.8xIndustrials
YAR Yara InternationalNOK 350.105.1%
+NOK 4.3b		-10.2%PE31.8xMaterials
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Market Insights

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🏦 Making Sense of the Financial Sector - Part 1

Richard Bowman avatar
Richard Bowman
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5 comments

In last week’s third-quarter review, we mentioned that financial sector stocks are showing signs of life and beginning to outperform. In the era of ‘easy money’, cloud computing, and AI, the financial sector has taken a back seat for a lot of investors...

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🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3
Last Week

🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3

Latest News

YAR

NOK 350.10

Yara International

7D

5.1%

1Y

-10.2%

What You Can Learn From Yara International ASA's (OB:YAR) P/E

Oct 05
What You Can Learn From Yara International ASA's (OB:YAR) P/E

KOG

NOK 1,074.00

Kongsberg Gruppen

7D

4.3%

1Y

145.8%

TOM

NOK 151.40

Tomra Systems

7D

-3.1%

1Y

25.3%

Tomra Systems (OB:TOM) Will Be Hoping To Turn Its Returns On Capital Around

Oct 03
Tomra Systems (OB:TOM) Will Be Hoping To Turn Its Returns On Capital Around

SUBC

NOK 180.00

Subsea 7

7D

5.6%

1Y

29.8%

NOD

NOK 98.92

Nordic Semiconductor

7D

-6.6%

1Y

-8.7%

AUTO

NOK 10.60

AutoStore Holdings

7D

-3.5%

1Y

-21.2%

Returns On Capital Are Showing Encouraging Signs At AutoStore Holdings (OB:AUTO)

Sep 29
Returns On Capital Are Showing Encouraging Signs At AutoStore Holdings (OB:AUTO)

SCHA

NOK 324.60

Schibsted

7D

-3.2%

1Y

37.0%

HITV

NOK 150.00

HitecVision

7D

-26.5%

1Y

-25.0%

NAS

NOK 10.90

Norwegian Air Shuttle

7D

-14.8%

1Y

24.5%

Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?

Sep 11
Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?

SALM

NOK 567.50

SalMar

7D

5.1%

1Y

6.9%

Pinning Down SalMar ASA's (OB:SALM) P/E Is Difficult Right Now

Sep 09
Pinning Down SalMar ASA's (OB:SALM) P/E Is Difficult Right Now

VAR

NOK 36.30

Vår Energi

7D

11.7%

1Y

18.7%

Why Investors Shouldn't Be Surprised By Vår Energi AS' (OB:VAR) P/E

Sep 06
Why Investors Shouldn't Be Surprised By Vår Energi AS' (OB:VAR) P/E

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%

EQNR

NOK 287.25

Equinor

7D

9.2%

1Y

-15.6%

TEL

NOK 133.90

Telenor

7D

-0.7%

1Y

12.0%

Telenor (OB:TEL) Will Pay A Dividend Of NOK4.50

Aug 19
Telenor (OB:TEL) Will Pay A Dividend Of NOK4.50

KNOX

NOK 17.00

Knox Energy Solutions

7D

0%

1Y

-35.8%

AKRBP

NOK 246.10

Aker BP

7D

9.6%

1Y

-13.2%