Header cover image

Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJul 27, 2024
DataAggregated Company Financials
Companies328
  • 7D-0.7%
  • 3M0.8%
  • 1Y6.4%
  • YTD3.2%

In the last week, the market has been flat. More promisingly, the market is up 6.4% over the past year. Looking forward, earnings are forecast to grow by 13% 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, 27 Jul 2024NOK 3.8tNOK 3.4tNOK 301.5b11.1x12.7x1.1x
Mon, 24 Jun 2024NOK 3.8tNOK 3.3tNOK 285.3b11.2x13.5x1.2x
Wed, 22 May 2024NOK 4.1tNOK 3.3tNOK 283.0b11.4x14.4x1.2x
Fri, 19 Apr 2024NOK 4.0tNOK 3.4tNOK 303.3b11.4x13x1.2x
Sun, 17 Mar 2024NOK 3.9tNOK 3.4tNOK 290.3b11.1x13.3x1.2x
Tue, 13 Feb 2024NOK 3.8tNOK 3.3tNOK 274.0b11.7x13.8x1.1x
Thu, 11 Jan 2024NOK 4.0tNOK 3.5tNOK 346.2b10.6x11.6x1.1x
Sat, 09 Dec 2023NOK 4.0tNOK 3.6tNOK 361.0b10.2x11.1x1.1x
Mon, 06 Nov 2023NOK 4.0tNOK 3.6tNOK 366.7b10.6x11x1.1x
Wed, 04 Oct 2023NOK 4.0tNOK 3.8tNOK 420.8b10.6x9.5x1.1x
Fri, 01 Sep 2023NOK 3.9tNOK 3.7tNOK 412.5b10.4x9.5x1x
Sun, 30 Jul 2023NOK 3.8tNOK 3.6tNOK 402.8b11.1x9.6x1.1x
Tue, 27 Jun 2023NOK 3.8tNOK 3.8tNOK 504.3b11.2x7.5x1x
Thu, 25 May 2023NOK 3.9tNOK 3.9tNOK 519.4b11.4x7.5x1x
Sat, 22 Apr 2023NOK 3.9tNOK 3.8tNOK 548.8b11.6x7.2x1x
Mon, 20 Mar 2023NOK 3.8tNOK 3.8tNOK 557.4b11.3x6.8x1x
Wed, 15 Feb 2023NOK 4.1tNOK 3.7tNOK 566.3b11.9x7.2x1.1x
Fri, 13 Jan 2023NOK 3.9tNOK 3.6tNOK 488.0b11.7x8.1x1.1x
Sun, 11 Dec 2022NOK 4.0tNOK 3.6tNOK 488.3b11.6x8.2x1.1x
Tue, 08 Nov 2022NOK 4.1tNOK 3.6tNOK 492.4b11.5x8.4x1.1x
Thu, 06 Oct 2022NOK 3.9tNOK 3.4tNOK 391.4b11.7x9.9x1.1x
Sat, 03 Sep 2022NOK 4.2tNOK 3.3tNOK 373.9b12.9x11.2x1.3x
Mon, 01 Aug 2022NOK 4.2tNOK 3.2tNOK 343.3b12.5x12.3x1.3x
Wed, 29 Jun 2022NOK 4.0tNOK 2.9tNOK 292.7b12.8x13.7x1.4x
Fri, 27 May 2022NOK 4.2tNOK 2.9tNOK 247.7b13.4x16.8x1.4x
Sun, 24 Apr 2022NOK 4.2tNOK 2.5tNOK 196.9b14.6x21.5x1.7x
Tue, 22 Mar 2022NOK 4.1tNOK 2.5tNOK 200.5b14.4x20.6x1.7x
Thu, 17 Feb 2022NOK 4.0tNOK 2.5tNOK 191.8b14.6x20.7x1.6x
Sat, 15 Jan 2022NOK 673.6tNOK 2.2tNOK 151.4b15.8x4449.1x308.2x
Mon, 13 Dec 2021NOK 3.6tNOK 2.1tNOK 129.0b14.5x27.7x1.7x
Wed, 10 Nov 2021NOK 4.1tNOK 2.1tNOK 147.4b14.4x27.6x1.9x
Fri, 08 Oct 2021NOK 3.7tNOK 2.0tNOK 118.0b13.1x31.6x1.9x
Sun, 05 Sep 2021NOK 3.6tNOK 2.0tNOK 116.0b13.2x31.5x1.8x
Tue, 03 Aug 2021NOK 3.5tNOK 2.0tNOK 115.9b12.6x30.6x1.8x
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 31.2x202220232024
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 12.7x which is lower than its 3-year average PE of 31.2x.
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 19% 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-0.69%
Utilities1.70%
Healthcare1.67%
Real Estate0.76%
Financials0.73%
Telecom0.68%
Consumer Staples0.62%
Industrials0.45%
Materials-1.94%
Energy-2.15%
Consumer Discretionary-2.71%
Tech-2.99%
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 491x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 43.5% 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 86% over the next 5 years.
  • This is better than its past earnings decline of 67% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 21% 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
DNB DNB BankNOK 222.501.7%
+NOK 5.4b		6.8%PB1.2xFinancials
KOG Kongsberg GruppenNOK 1.08k1.6%
+NOK 3.0b		145.5%PE42.1xIndustrials
TEL TelenorNOK 128.501.5%
+NOK 2.6b		17.9%PE19.3xTelecom
TOM Tomra SystemsNOK 174.704.0%
+NOK 2.0b		12.0%PE88.1xIndustrials
CADLR CadelerNOK 71.006.0%
+NOK 1.4b		71.9%PS19.1xIndustrials
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

Finding Value In The Semiconductor Supply Chain

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Over the last few weeks, we covered the three types of semiconductor chips, namely memory, logic and analog chips. This week we are taking a look at the companies that play a role in manufacturing those chips...

Continue reading

Analog Chipmakers And Why Their Capital Allocation Matters
Last Week

Analog Chipmakers And Why Their Capital Allocation Matters

Latest News

TOM

NOK 174.70

Tomra Systems

7D

4.0%

1Y

12.0%

Tomra Systems ASA's (OB:TOM) 35% Price Boost Is Out Of Tune With Revenues

Jul 27
Tomra Systems ASA's (OB:TOM) 35% Price Boost Is Out Of Tune With Revenues

GJF

NOK 177.90

Gjensidige Forsikring

7D

-1.1%

1Y

11.2%

YAR

NOK 317.00

Yara International

7D

1.3%

1Y

-23.5%

EQNR

NOK 284.75

Equinor

7D

-3.2%

1Y

-6.9%

KOG

NOK 1,082.00

Kongsberg Gruppen

7D

1.6%

1Y

145.5%

What Kongsberg Gruppen ASA's (OB:KOG) 25% Share Price Gain Is Not Telling You

Jul 25
What Kongsberg Gruppen ASA's (OB:KOG) 25% Share Price Gain Is Not Telling You

NHY

NOK 60.68

Norsk Hydro

7D

-4.4%

1Y

-7.0%

TEL

NOK 128.50

Telenor

7D

1.5%

1Y

17.9%

Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.50

Jul 22
Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.50

NOD

NOK 130.85

Nordic Semiconductor

7D

-10.4%

1Y

-12.3%

Is Nordic Semiconductor (OB:NOD) Using Debt In A Risky Way?

Jul 21
Is Nordic Semiconductor (OB:NOD) Using Debt In A Risky Way?

AKER

NOK 644.00

Aker

7D

-2.9%

1Y

0.5%

AUTO

NOK 12.64

AutoStore Holdings

7D

-5.5%

1Y

-51.4%

AutoStore Holdings Ltd. (OB:AUTO) Shares Could Be 30% Below Their Intrinsic Value Estimate

Jul 17
AutoStore Holdings Ltd. (OB:AUTO) Shares Could Be 30% Below Their Intrinsic Value Estimate

AKRBP

NOK 258.20

Aker BP

7D

-1.4%

1Y

-6.7%

DNB

NOK 222.50

DNB Bank

7D

1.7%

1Y

6.8%

DNB Bank ASA Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

Jul 14
DNB Bank ASA Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

SALM

NOK 591.50

SalMar

7D

1.7%

1Y

29.0%

Is SalMar (OB:SALM) Using Too Much Debt?

Jul 12
Is SalMar (OB:SALM) Using Too Much Debt?

WAWI

NOK 100.30

Wallenius Wilhelmsen

7D

2.9%

1Y

46.4%

Is Now The Time To Put Wallenius Wilhelmsen (OB:WAWI) On Your Watchlist?

Jun 27
Is Now The Time To Put Wallenius Wilhelmsen (OB:WAWI) On Your Watchlist?

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%

BWG (OB:BWLPG) Is Achieving High Returns On Its Capital

Jun 13
BWG (OB:BWLPG) Is Achieving High Returns On Its Capital

CADLR

NOK 71.00

Cadeler

7D

6.0%

1Y

71.9%