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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedOct 20, 2024
DataAggregated Company Financials
Companies317
  • 7D-1.3%
  • 3M-3.6%
  • 1Y1.8%
  • YTD1.6%

Over the last 7 days, the market has dropped 1.3%, driven by a loss of 4.1% 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
Sun, 20 Oct 2024NOK 3.7tNOK 3.3tNOK 314.9b10.8x11.9x1.1x
Tue, 17 Sep 2024NOK 3.7tNOK 3.3tNOK 305.5b11.2x12.2x1.1x
Thu, 15 Aug 2024NOK 3.9tNOK 3.3tNOK 295.4b11.1x13x1.2x
Sat, 13 Jul 2024NOK 3.9tNOK 3.3tNOK 290.7b11.1x13.3x1.2x
Mon, 10 Jun 2024NOK 3.9tNOK 3.3tNOK 287.6b11.4x13.6x1.2x
Wed, 08 May 2024NOK 4.0tNOK 3.3tNOK 288.1b11.6x14x1.2x
Fri, 05 Apr 2024NOK 4.0tNOK 3.3tNOK 297.9b12.1x13.4x1.2x
Sun, 03 Mar 2024NOK 3.8tNOK 3.3tNOK 289.8b11.5x13.1x1.1x
Tue, 30 Jan 2024NOK 4.0tNOK 3.5tNOK 346.2b11.2x11.4x1.1x
Thu, 28 Dec 2023NOK 4.0tNOK 3.4tNOK 340.5b10.7x11.9x1.2x
Sat, 25 Nov 2023NOK 4.1tNOK 3.6tNOK 356.7b10.2x11.4x1.1x
Mon, 23 Oct 2023NOK 4.0tNOK 3.8tNOK 425.7b10.8x9.5x1.1x
Wed, 20 Sep 2023NOK 4.1tNOK 3.8tNOK 417.6b10.7x9.8x1.1x
Fri, 18 Aug 2023NOK 3.9tNOK 3.7tNOK 422.8b10.8x9.3x1.1x
Sun, 16 Jul 2023NOK 3.8tNOK 3.8tNOK 479.5b10.7x7.9x1x
Tue, 13 Jun 2023NOK 3.9tNOK 3.9tNOK 511.5b11.5x7.6x1x
Thu, 11 May 2023NOK 3.9tNOK 3.7tNOK 542.6b11.5x7.2x1x
Sat, 08 Apr 2023NOK 3.9tNOK 3.8tNOK 504.6b11.5x7.7x1x
Mon, 06 Mar 2023NOK 4.1tNOK 3.7tNOK 548.7b11.9x7.5x1.1x
Wed, 01 Feb 2023NOK 3.9tNOK 3.6tNOK 490.6b11.8x8x1.1x
Fri, 30 Dec 2022NOK 4.0tNOK 3.6tNOK 486.0b11.3x8.2x1.1x
Sun, 27 Nov 2022NOK 4.1tNOK 3.6tNOK 483.4b10.8x8.4x1.1x
Tue, 25 Oct 2022NOK 3.9tNOK 3.4tNOK 395.2b11.6x9.7x1.1x
Thu, 22 Sep 2022NOK 3.9tNOK 3.4tNOK 383.5b12.7x10.3x1.2x
Sat, 20 Aug 2022NOK 4.3tNOK 3.2tNOK 364.1b12.6x11.7x1.3x
Mon, 18 Jul 2022NOK 3.9tNOK 3.0tNOK 293.4b12.1x13.3x1.3x
Wed, 15 Jun 2022NOK 4.0tNOK 3.0tNOK 296.5b12.8x13.7x1.4x
Fri, 13 May 2022NOK 4.0tNOK 2.9tNOK 242.9b13.1x16.3x1.4x
Sun, 10 Apr 2022NOK 4.3tNOK 2.5tNOK 195.2b14.6x21.9x1.7x
Tue, 08 Mar 2022NOK 4.0tNOK 2.5tNOK 204.1b13.6x19.5x1.6x
Thu, 03 Feb 2022NOK 4.0tNOK 2.2tNOK 152.9b15.3x25.9x1.8x
Sat, 01 Jan 2022NOK 3.7tNOK 2.1tNOK 128.5b15.2x28.6x1.7x
Mon, 29 Nov 2021NOK 3.5tNOK 2.2tNOK 129.9b14.2x27.1x1.6x
Wed, 27 Oct 2021NOK 4.0tNOK 2.0tNOK 110.9b13.9x36.4x2x
Price to Earnings Ratio

36.4x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 110.9bTotal Revenue: NOK 2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 29.7x202220232024
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 11.9x which is lower than its 3-year average PE of 29.7x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 42% 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-1.32%
Consumer Discretionary1.62%
Financials1.19%
Telecom0.74%
Consumer Staples0.44%
Industrials0.13%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Tech-0.44%
Utilities-0.47%
Healthcare-1.59%
Materials-2.30%
Real Estate-2.47%
Energy-4.10%
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 482x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 43.2% which is higher than its past year's earnings decline of 13.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 88% 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 24% 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 1.12k4.2%
+NOK 7.9b		139.4%PE43.6xIndustrials
SCHA SchibstedNOK 346.005.6%
+NOK 4.1b		49.1%PE4.8xTelecom
DNB DNB BankNOK 221.901.0%
+NOK 3.2b		7.7%PB1.2xFinancials
MOWI MowiNOK 196.851.3%
+NOK 1.3b		11.8%PE17.5xConsumer Staples
EISP EiendomssparNOK 450.005.9%
+NOK 828.8m		45.2%PE63.5xReal Estate
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Market Insights

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Lower Rates Increases REITs Appeal

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Richard Bowman
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While those with leverage are happy about the latest interest rate cuts, those looking for yield are less so. Lower interest rates mean lower yields...

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