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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJul 07, 2024
DataAggregated Company Financials
Companies331
  • 7D-0.05%
  • 3M1.2%
  • 1Y8.5%
  • YTD2.8%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 3.8%. Meanwhile, the market is actually up 8.5% over the past year. As for the next few years, earnings are expected to grow by 12% 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
Mon, 08 Jul 2024NOK 3.8tNOK 3.2tNOK 279.3b11.5x13.7x1.2x
Wed, 05 Jun 2024NOK 3.9tNOK 3.3tNOK 284.3b11.5x13.7x1.2x
Fri, 03 May 2024NOK 4.0tNOK 3.4tNOK 290.1b11.4x13.7x1.2x
Sun, 31 Mar 2024NOK 3.9tNOK 3.4tNOK 303.2b11.7x13x1.2x
Tue, 27 Feb 2024NOK 3.8tNOK 3.3tNOK 268.0b11.6x14x1.1x
Thu, 25 Jan 2024NOK 3.9tNOK 3.5tNOK 347.1b11.3x11.4x1.1x
Sat, 23 Dec 2023NOK 4.0tNOK 3.5tNOK 344.1b10.5x11.7x1.2x
Mon, 20 Nov 2023NOK 4.0tNOK 3.6tNOK 357.9b10.2x11.3x1.1x
Wed, 18 Oct 2023NOK 4.1tNOK 3.8tNOK 424.0b10.7x9.7x1.1x
Fri, 15 Sep 2023NOK 4.1tNOK 3.8tNOK 415.9b10.8x9.8x1.1x
Sun, 13 Aug 2023NOK 3.9tNOK 3.7tNOK 410.3b11.1x9.6x1.1x
Tue, 11 Jul 2023NOK 3.8tNOK 3.8tNOK 495.7b11x7.7x1x
Thu, 08 Jun 2023NOK 3.9tNOK 3.9tNOK 519.8b11.4x7.5x1x
Sat, 06 May 2023NOK 3.9tNOK 3.7tNOK 543.1b11.4x7.2x1x
Mon, 03 Apr 2023NOK 3.9tNOK 3.8tNOK 544.4b11.6x7.1x1x
Wed, 01 Mar 2023NOK 4.1tNOK 3.7tNOK 577.2b11.8x7.1x1.1x
Fri, 27 Jan 2023NOK 3.9tNOK 3.6tNOK 486.2b11.3x8x1.1x
Sun, 25 Dec 2022NOK 4.0tNOK 3.6tNOK 485.2b11.5x8.3x1.1x
Tue, 22 Nov 2022NOK 3.9tNOK 3.7tNOK 497.5b10.5x7.9x1.1x
Thu, 20 Oct 2022NOK 3.9tNOK 3.4tNOK 392.1b11.9x9.8x1.1x
Sat, 17 Sep 2022NOK 4.0tNOK 3.3tNOK 380.8b12.7x10.5x1.2x
Mon, 15 Aug 2022NOK 4.2tNOK 3.1tNOK 341.2b12.6x12.4x1.3x
Wed, 13 Jul 2022NOK 4.0tNOK 3.0tNOK 300.9b12.1x13.4x1.3x
Fri, 10 Jun 2022NOK 4.2tNOK 2.9tNOK 286.3b13.2x14.7x1.5x
Sun, 08 May 2022NOK 4.1tNOK 2.9tNOK 237.5b14.3x17.1x1.4x
Tue, 05 Apr 2022NOK 4.2tNOK 2.5tNOK 195.1b14.7x21.7x1.7x
Thu, 03 Mar 2022NOK 4.3tNOK 2.5tNOK 201.4b14x21.2x1.7x
Sat, 29 Jan 2022NOK 3.9tNOK 2.2tNOK 153.7b14.9x25.3x1.8x
Mon, 27 Dec 2021NOK 3.7tNOK 2.1tNOK 128.3b14.8x28.6x1.7x
Wed, 24 Nov 2021NOK 4.0tNOK 2.2tNOK 150.7b14.7x26.5x1.8x
Fri, 22 Oct 2021NOK 4.0tNOK 2.0tNOK 111.4b13.7x36.1x2x
Sun, 19 Sep 2021NOK 3.6tNOK 2.0tNOK 118.0b13.6x30.9x1.8x
Tue, 17 Aug 2021NOK 3.6tNOK 2.0tNOK 116.0b12.8x31.1x1.8x
Price to Earnings Ratio

30.8x


Total Market Cap: NOK 3.6tTotal Earnings: NOK 115.9bTotal Revenue: NOK 2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 31.5x202220232024
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 13.7x which is lower than its 3-year average PE of 31.5x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 34% 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 Market-0.052%
Tech1.71%
Real Estate1.61%
Financials0.69%
Industrials0.68%
Consumer Discretionary-0.25%
Materials-0.36%
Telecom-0.46%
Energy-0.53%
Consumer Staples-0.68%
Utilities-2.60%
Healthcare-3.79%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 18.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 43.0% which is higher than its past year's earnings decline of 7.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 25% 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
SCHA SchibstedNOK 324.203.0%
+NOK 2.2b		72.4%PE4.6xTelecom
GJF Gjensidige ForsikringNOK 194.401.9%
+NOK 1.8b		16.4%PE26.1xFinancials
NHY Norsk HydroNOK 67.401.4%
+NOK 1.8b		7.3%PE41.2xMaterials
AUTO AutoStore HoldingsNOK 13.923.9%
+NOK 1.7b		-37.6%PS7xIndustrials
NOD Nordic SemiconductorNOK 150.005.2%
+NOK 1.4b		22.2%PS5.8xTech
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