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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJul 05, 2024
DataAggregated Company Financials
Companies331
  • 7D0.9%
  • 3M1.9%
  • 1Y9.6%
  • YTD3.5%

In the last week, the market has been flat. Meanwhile, the market is actually up 9.6% over the past year. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jul 2024NOK 3.9tNOK 3.3tNOK 284.7b11.4x13.6x1.2x
Sun, 02 Jun 2024NOK 4.0tNOK 3.3tNOK 281.9b11.7x14x1.2x
Tue, 30 Apr 2024NOK 4.0tNOK 3.4tNOK 277.2b11.4x14.4x1.2x
Thu, 28 Mar 2024NOK 3.9tNOK 3.4tNOK 302.6b11.8x13x1.2x
Sat, 24 Feb 2024NOK 3.8tNOK 3.3tNOK 267.7b11.7x14.1x1.1x
Mon, 22 Jan 2024NOK 3.9tNOK 3.5tNOK 349.5b10.8x11.3x1.1x
Wed, 20 Dec 2023NOK 4.0tNOK 3.5tNOK 345.4b10.5x11.6x1.2x
Fri, 17 Nov 2023NOK 4.1tNOK 3.6tNOK 360.6b10.4x11.3x1.1x
Sun, 15 Oct 2023NOK 4.1tNOK 3.8tNOK 423.2b10.7x9.7x1.1x
Tue, 12 Sep 2023NOK 4.0tNOK 3.7tNOK 413.2b10.8x9.7x1.1x
Thu, 10 Aug 2023NOK 3.9tNOK 3.6tNOK 403.5b10.9x9.8x1.1x
Sat, 08 Jul 2023NOK 3.8tNOK 3.8tNOK 499.3b11.1x7.6x1x
Mon, 05 Jun 2023NOK 3.9tNOK 3.9tNOK 520.8b11.5x7.4x1x
Wed, 03 May 2023NOK 3.9tNOK 3.8tNOK 555.3b11.6x7x1x
Fri, 31 Mar 2023NOK 3.9tNOK 3.7tNOK 545.3b11.6x7.1x1x
Sun, 26 Feb 2023NOK 4.0tNOK 3.7tNOK 579.1b11.5x7x1.1x
Tue, 24 Jan 2023NOK 4.0tNOK 3.6tNOK 483.9b11.8x8.2x1.1x
Thu, 22 Dec 2022NOK 4.0tNOK 3.6tNOK 484.6b11.4x8.3x1.1x
Sat, 19 Nov 2022NOK 4.0tNOK 3.6tNOK 492.5b11.4x8x1.1x
Mon, 17 Oct 2022NOK 3.8tNOK 3.4tNOK 393.1b11.9x9.7x1.1x
Wed, 14 Sep 2022NOK 4.1tNOK 3.3tNOK 370.9b12.7x11.1x1.3x
Fri, 12 Aug 2022NOK 4.2tNOK 3.1tNOK 338.1b12.6x12.6x1.4x
Sun, 10 Jul 2022NOK 4.0tNOK 3.0tNOK 298.3b12x13.4x1.3x
Tue, 07 Jun 2022NOK 4.2tNOK 2.9tNOK 283.9b13.4x14.8x1.5x
Thu, 05 May 2022NOK 4.2tNOK 2.7tNOK 219.2b14.1x19x1.6x
Sat, 02 Apr 2022NOK 4.2tNOK 2.5tNOK 195.8b14.8x21.7x1.7x
Mon, 28 Feb 2022NOK 3.9tNOK 2.5tNOK 199.9b13.9x19.7x1.6x
Wed, 26 Jan 2022NOK 3.8tNOK 2.2tNOK 152.3b15.2x25.1x1.7x
Fri, 24 Dec 2021NOK 3.7tNOK 2.1tNOK 128.3b14.8x28.5x1.7x
Sun, 21 Nov 2021NOK 4.0tNOK 2.2tNOK 153.6b14.8x26.1x1.8x
Tue, 19 Oct 2021NOK 3.9tNOK 2.0tNOK 116.2b13.5x33.2x2x
Thu, 16 Sep 2021NOK 3.6tNOK 2.0tNOK 115.0b13.5x31.7x1.8x
Sat, 14 Aug 2021NOK 3.6tNOK 2.0tNOK 116.0b12.4x31.2x1.8x
Price to Earnings Ratio

30.6x


Total Market Cap: NOK 3.5tTotal Earnings: NOK 115.9bTotal Revenue: NOK 2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 31.6x202220232024
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 13.6x which is lower than its 3-year average PE of 31.6x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 35% 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 Market0.94%
Real Estate2.47%
Financials2.08%
Industrials1.19%
Energy1.12%
Tech0.82%
Materials0.79%
Consumer Discretionary0.48%
Telecom-0.27%
Consumer Staples-1.10%
Utilities-1.37%
Healthcare-2.45%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 17.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 43.3% 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
TGS TGSNOK 129.703.4%
+NOK 9.0b		-16.2%PE173.9xEnergy
DNB DNB BankNOK 211.802.1%
+NOK 6.1b		6.3%PB1.1xFinancials
AUTO AutoStore HoldingsNOK 13.487.8%
+NOK 3.3b		-38.6%PS6.7xIndustrials
NHY Norsk HydroNOK 67.582.4%
+NOK 3.1b		7.9%PE41.3xMaterials
AKRBP Aker BPNOK 274.601.5%
+NOK 2.6b		7.9%PE9.8xEnergy
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