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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 08, 2024
DataAggregated Company Financials
Companies318
  • 7D-1.3%
  • 3M-2.0%
  • 1Y0.3%
  • YTD0.2%

Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 3.6% in the Energy sector. Overall the market has been flat in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 Nov 2024NOK 3.7tNOK 3.4tNOK 321.1b11.5x11.5x1.1x
Mon, 07 Oct 2024NOK 3.8tNOK 3.3tNOK 307.1b11.2x12.4x1.2x
Wed, 04 Sep 2024NOK 3.7tNOK 3.3tNOK 308.3b11.5x12x1.1x
Fri, 02 Aug 2024NOK 3.9tNOK 3.3tNOK 300.2b11.1x13x1.2x
Sun, 30 Jun 2024NOK 3.9tNOK 3.3tNOK 286.6b11.3x13.6x1.2x
Tue, 28 May 2024NOK 4.1tNOK 3.3tNOK 281.1b11.6x14.6x1.3x
Thu, 25 Apr 2024NOK 4.0tNOK 3.4tNOK 302.4b11.5x13.1x1.2x
Sat, 23 Mar 2024NOK 3.9tNOK 3.4tNOK 294.8b11.3x13.3x1.2x
Mon, 19 Feb 2024NOK 3.8tNOK 3.3tNOK 265.8b11.8x14.2x1.1x
Wed, 17 Jan 2024NOK 4.0tNOK 3.5tNOK 349.2b10.8x11.4x1.1x
Fri, 15 Dec 2023NOK 4.0tNOK 3.5tNOK 349.8b10.3x11.5x1.1x
Sun, 12 Nov 2023NOK 4.0tNOK 3.6tNOK 368.4b10.3x11x1.1x
Tue, 10 Oct 2023NOK 4.0tNOK 3.8tNOK 418.7b10.7x9.6x1.1x
Thu, 07 Sep 2023NOK 4.0tNOK 3.8tNOK 416.2b10.6x9.6x1.1x
Sat, 05 Aug 2023NOK 3.9tNOK 3.6tNOK 400.0b11.1x9.7x1.1x
Mon, 03 Jul 2023NOK 3.8tNOK 3.8tNOK 504.4b11.2x7.6x1x
Wed, 31 May 2023NOK 3.8tNOK 3.9tNOK 529.1b11.4x7.2x1x
Fri, 28 Apr 2023NOK 3.9tNOK 3.8tNOK 545.6b11.8x7.2x1x
Sun, 26 Mar 2023NOK 3.7tNOK 3.8tNOK 548.6b11.6x6.8x1x
Tue, 21 Feb 2023NOK 4.1tNOK 3.7tNOK 570.6b11.4x7.1x1.1x
Thu, 19 Jan 2023NOK 4.0tNOK 3.6tNOK 486.0b11.8x8.1x1.1x
Sat, 17 Dec 2022NOK 4.0tNOK 3.6tNOK 486.3b11.6x8.1x1.1x
Mon, 14 Nov 2022NOK 4.0tNOK 3.6tNOK 482.3b12.2x8.4x1.1x
Wed, 12 Oct 2022NOK 3.8tNOK 3.4tNOK 394.2b11.9x9.7x1.1x
Fri, 09 Sep 2022NOK 4.0tNOK 3.3tNOK 378.1b12.4x10.6x1.2x
Sun, 07 Aug 2022NOK 4.2tNOK 3.2tNOK 347.1b12.6x12x1.3x
Tue, 05 Jul 2022NOK 4.1tNOK 3.0tNOK 294.2b12.5x13.8x1.4x
Thu, 02 Jun 2022NOK 4.2tNOK 2.9tNOK 283.0b13.3x14.9x1.5x
Sat, 30 Apr 2022NOK 4.1tNOK 2.6tNOK 214.6b14.1x19.2x1.6x
Mon, 28 Mar 2022NOK 4.2tNOK 2.5tNOK 196.8b14.4x21.6x1.7x
Wed, 23 Feb 2022NOK 3.9tNOK 2.5tNOK 207.8b14.4x18.8x1.6x
Fri, 21 Jan 2022NOK 4.0tNOK 2.2tNOK 151.4b15.5x26.5x1.8x
Sun, 19 Dec 2021NOK 3.5tNOK 2.2tNOK 129.3b14.3x27.2x1.6x
Tue, 16 Nov 2021NOK 4.0tNOK 2.2tNOK 150.8b14.3x26.8x1.9x
Price to Earnings Ratio

26.8x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 150.8bTotal Revenue: NOK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 29.4x202220232024
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 11.5x which is lower than its 3-year average PE of 29.4x.
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 Market-1.30%
Materials2.21%
Utilities2.05%
Financials0.37%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.078%
Industrials-0.55%
Telecom-1.20%
Real Estate-1.41%
Tech-2.80%
Energy-3.57%
Consumer Discretionary-4.65%
Healthcare-6.13%
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 476x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 47.6% which is higher than its past year's earnings decline of 17.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 72% 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
MOWI MowiNOK 195.452.8%
+NOK 2.7b		3.9%PE20xConsumer Staples
AUTO AutoStore HoldingsNOK 11.227.5%
+NOK 2.6b		-24.1%PE25.2xIndustrials
SCHA SchibstedNOK 385.002.3%
+NOK 2.0b		57.7%PE4.4xTelecom
SUBC Subsea 7NOK 177.003.9%
+NOK 1.9b		20.0%PE46.6xEnergy
VEI VeidekkeNOK 132.806.2%
+NOK 1.1b		33.9%PE13.7xIndustrials
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