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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 29, 2024
DataAggregated Company Financials
Companies314
  • 7D-0.9%
  • 3M-1.0%
  • 1Y2.5%
  • YTD2.2%

The Healthcare sector gained 5.5% while the market remained flat over the last week. Meanwhile, the market is actually up 3.6% over the past year. As for the next few years, earnings are expected to grow by 9.2% 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, 29 Nov 2024NOK 3.8tNOK 3.4tNOK 334.7b11.6x11.3x1.1x
Sun, 27 Oct 2024NOK 3.8tNOK 3.4tNOK 326.4b10.9x11.8x1.1x
Tue, 24 Sep 2024NOK 3.7tNOK 3.3tNOK 305.1b11.3x12.2x1.1x
Thu, 22 Aug 2024NOK 3.8tNOK 3.3tNOK 298.0b10.9x12.7x1.2x
Sat, 20 Jul 2024NOK 3.9tNOK 3.3tNOK 297.5b11.3x13x1.2x
Mon, 17 Jun 2024NOK 3.8tNOK 3.3tNOK 287.0b11.3x13.3x1.2x
Wed, 15 May 2024NOK 4.1tNOK 3.3tNOK 286.9b11.9x14.3x1.2x
Fri, 12 Apr 2024NOK 4.0tNOK 3.4tNOK 299.7b11.7x13.3x1.2x
Sun, 10 Mar 2024NOK 3.8tNOK 3.3tNOK 287.2b11.4x13.3x1.1x
Tue, 06 Feb 2024NOK 3.8tNOK 3.5tNOK 355.7b10.9x10.8x1.1x
Thu, 04 Jan 2024NOK 4.0tNOK 3.5tNOK 346.1b10.7x11.7x1.2x
Sat, 02 Dec 2023NOK 4.0tNOK 3.5tNOK 357.7b10.4x11.3x1.1x
Mon, 30 Oct 2023NOK 4.0tNOK 3.6tNOK 364.0b10.7x11x1.1x
Wed, 27 Sep 2023NOK 4.0tNOK 3.8tNOK 419.7b10.5x9.5x1.1x
Fri, 25 Aug 2023NOK 3.9tNOK 3.7tNOK 419.4b10.2x9.2x1x
Sun, 23 Jul 2023NOK 3.8tNOK 3.7tNOK 454.9b10.7x8.4x1x
Tue, 20 Jun 2023NOK 3.9tNOK 3.8tNOK 501.9b11.5x7.8x1x
Thu, 18 May 2023NOK 3.9tNOK 3.8tNOK 554.2b11.8x7x1x
Sat, 15 Apr 2023NOK 4.0tNOK 3.7tNOK 500.7b11.9x8x1.1x
Mon, 13 Mar 2023NOK 4.0tNOK 3.8tNOK 557.3b11.8x7.2x1.1x
Wed, 08 Feb 2023NOK 3.9tNOK 3.7tNOK 504.7b11.7x7.8x1.1x
Fri, 06 Jan 2023NOK 3.9tNOK 3.7tNOK 500.3b11.6x7.8x1.1x
Sun, 04 Dec 2022NOK 4.0tNOK 3.5tNOK 481.4b11.5x8.4x1.1x
Tue, 01 Nov 2022NOK 4.0tNOK 3.7tNOK 483.7b11.4x8.3x1.1x
Thu, 29 Sep 2022NOK 3.7tNOK 3.5tNOK 395.8b11.6x9.4x1.1x
Sat, 27 Aug 2022NOK 4.3tNOK 3.2tNOK 366.2b12.4x11.8x1.3x
Mon, 25 Jul 2022NOK 4.0tNOK 2.8tNOK 301.4b12.5x13.4x1.4x
Wed, 22 Jun 2022NOK 4.0tNOK 2.9tNOK 292.8b12.6x13.6x1.4x
Fri, 20 May 2022NOK 4.0tNOK 2.9tNOK 245.8b13.5x16.4x1.4x
Sun, 17 Apr 2022NOK 4.3tNOK 2.5tNOK 195.9b14.8x22x1.7x
Tue, 15 Mar 2022NOK 4.0tNOK 2.5tNOK 203.6b13.7x19.7x1.6x
Thu, 10 Feb 2022NOK 4.0tNOK 2.2tNOK 149.3b15.8x26.7x1.8x
Sat, 08 Jan 2022NOK 4.0tNOK 2.2tNOK 152.0b15.4x26.5x1.8x
Mon, 06 Dec 2021NOK 3.5tNOK 2.2tNOK 130.2b14.3x27.2x1.6x
Price to Earnings Ratio

27.2x


Total Market Cap: NOK 3.5tTotal Earnings: NOK 130.2bTotal Revenue: NOK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 29.1x202220232024
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 29.1x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 37% 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 Market-0.90%
Tech4.30%
Utilities3.96%
Healthcare2.73%
Consumer Discretionary2.44%
Industrials1.35%
Real Estate1.33%
Consumer Staples0.65%
Financials0.59%
Telecom0.44%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-2.47%
Energy-3.91%
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 460x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 42.1% 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 73% 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 29% 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
KOG Kongsberg GruppenNOK 1.31k2.9%
+NOK 6.5b		182.1%PE47.8xIndustrials
TOM Tomra SystemsNOK 158.0011.5%
+NOK 4.8b		48.6%PE78xIndustrials
GJF Gjensidige ForsikringNOK 197.702.4%
+NOK 2.3b		8.6%PE20.1xFinancials
AUTO AutoStore HoldingsNOK 12.235.2%
+NOK 2.0b		-31.8%PE27.1xIndustrials
ORK OrklaNOK 100.901.5%
+NOK 1.4b		26.7%PE17.7xConsumer Staples
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