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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedAug 25, 2024
DataAggregated Company Financials
Companies325
  • 7D-0.9%
  • 3M-1.8%
  • 1Y6.4%
  • YTD2.6%

The market has been flat in the last week, however the Healthcare sector is down 9.6%. Meanwhile, the market is actually up 6.4% over the past 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
Mon, 26 Aug 2024NOK 3.8tNOK 3.3tNOK 301.5b11.2x12.6x1.2x
Wed, 24 Jul 2024NOK 3.9tNOK 3.3tNOK 302.5b11.2x12.8x1.2x
Fri, 21 Jun 2024NOK 3.9tNOK 3.3tNOK 284.8b11.3x13.6x1.2x
Sun, 19 May 2024NOK 4.1tNOK 3.3tNOK 283.9b11.6x14.3x1.2x
Tue, 16 Apr 2024NOK 4.0tNOK 3.4tNOK 302.5b11.5x13.3x1.2x
Thu, 14 Mar 2024NOK 3.8tNOK 3.3tNOK 287.6b11.3x13.4x1.2x
Sat, 10 Feb 2024NOK 3.8tNOK 3.3tNOK 280.9b11.7x13.4x1.1x
Mon, 08 Jan 2024NOK 4.1tNOK 3.5tNOK 345.1b10.9x11.8x1.2x
Wed, 06 Dec 2023NOK 4.0tNOK 3.6tNOK 364.1b10.2x11x1.1x
Fri, 03 Nov 2023NOK 4.1tNOK 3.6tNOK 365.6b10.6x11.1x1.1x
Sun, 01 Oct 2023NOK 4.0tNOK 3.8tNOK 416.0b10.6x9.7x1.1x
Tue, 29 Aug 2023NOK 3.9tNOK 3.8tNOK 413.0b10.3x9.5x1x
Thu, 27 Jul 2023NOK 3.8tNOK 3.7tNOK 450.8b10.7x8.5x1x
Sat, 24 Jun 2023NOK 3.8tNOK 3.9tNOK 509.2b11.2x7.4x1x
Mon, 22 May 2023NOK 3.9tNOK 3.9tNOK 558.2b11.5x7x1x
Wed, 19 Apr 2023NOK 4.0tNOK 3.8tNOK 504.7b11.9x7.9x1.1x
Fri, 17 Mar 2023NOK 3.8tNOK 3.8tNOK 560.2b11.3x6.8x1x
Sun, 12 Feb 2023NOK 4.1tNOK 3.7tNOK 569.2b11.7x7.2x1.1x
Tue, 10 Jan 2023NOK 3.9tNOK 3.6tNOK 485.5b11.8x8.1x1.1x
Thu, 08 Dec 2022NOK 4.0tNOK 3.6tNOK 490.6b11.6x8.1x1.1x
Sat, 05 Nov 2022NOK 4.1tNOK 3.6tNOK 495.1b11.4x8.3x1.1x
Mon, 03 Oct 2022NOK 3.8tNOK 3.5tNOK 397.9b11.4x9.4x1.1x
Wed, 31 Aug 2022NOK 4.2tNOK 3.2tNOK 370.2b12.2x11.4x1.3x
Fri, 29 Jul 2022NOK 4.1tNOK 3.0tNOK 299.8b12.6x13.7x1.4x
Sun, 26 Jun 2022NOK 3.9tNOK 2.9tNOK 293.6b12.6x13.1x1.3x
Tue, 24 May 2022NOK 4.1tNOK 2.9tNOK 246.2b13.5x16.7x1.4x
Thu, 21 Apr 2022NOK 4.3tNOK 2.5tNOK 195.9b14.8x21.9x1.7x
Sat, 19 Mar 2022NOK 4.0tNOK 2.5tNOK 200.8b14.1x20.2x1.6x
Mon, 14 Feb 2022NOK 4.0tNOK 2.4tNOK 182.7b14.8x22x1.7x
Wed, 12 Jan 2022NOK 4.0tNOK 2.2tNOK 151.7b15.4x26.3x1.8x
Fri, 10 Dec 2021NOK 3.6tNOK 2.2tNOK 129.4b14.6x27.7x1.7x
Sun, 07 Nov 2021NOK 4.0tNOK 2.1tNOK 147.8b14.1x27.4x1.9x
Tue, 05 Oct 2021NOK 3.8tNOK 2.0tNOK 118.1b13.3x32x1.9x
Thu, 02 Sep 2021NOK 3.7tNOK 2.0tNOK 116.0b13x31.6x1.9x
Price to Earnings Ratio

31.6x


Total Market Cap: NOK 3.7tTotal Earnings: NOK 116.0bTotal Revenue: NOK 2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 30.7x202220232024
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 12.6x which is lower than its 3-year average PE of 30.7x.
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 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 Market-0.87%
Consumer Discretionary2.38%
Materials1.86%
Financials0.45%
Real Estate0.39%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Tech-0.021%
Telecom-0.089%
Industrials-0.20%
Energy-2.04%
Consumer Staples-2.26%
Utilities-5.24%
Healthcare-9.60%
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 487x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 46.1% which is higher than its past year's earnings decline of 15.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 77% 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 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
NHY Norsk HydroNOK 59.743.0%
+NOK 3.5b		2.9%PE624xMaterials
DNB DNB BankNOK 223.800.8%
+NOK 2.5b		6.4%PB1.2xFinancials
TOM Tomra SystemsNOK 158.702.7%
+NOK 1.2b		15.1%PE81.7xIndustrials
STB StorebrandNOK 112.002.6%
+NOK 1.2b		34.0%PE10.8xFinancials
TGS TGSNOK 131.004.6%
+NOK 1.1b		-3.5%PE92.9xEnergy
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AGAS

NOK 128.20

Avance Gas Holding

7D

-14.8%

1Y

20.5%

AUSS

NOK 94.40

Austevoll Seafood

7D

3.6%

1Y

23.2%

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ODL

NOK 56.40

Odfjell Drilling

7D

6.0%

1Y

58.2%

NYKD

NOK 6.32

Nykode Therapeutics

7D

-45.3%

1Y

-76.5%

SALM

NOK 580.00

SalMar

7D

-8.6%

1Y

16.0%

GSF

NOK 48.60

Grieg Seafood

7D

-22.5%

1Y

-33.0%

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%

HAUTO

NOK 114.30

Höegh Autoliners

7D

-10.4%

1Y

57.9%

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EQNR

NOK 282.55

Equinor

7D

-2.7%

1Y

-11.9%

TGS

NOK 131.00

TGS

7D

4.6%

1Y

-3.5%

NHY

NOK 59.74

Norsk Hydro

7D

3.0%

1Y

2.9%

There's Reason For Concern Over Norsk Hydro ASA's (OB:NHY) Price

Aug 12
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TOM

NOK 158.70

Tomra Systems

7D

2.7%

1Y

15.1%

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DNB

NOK 223.80

DNB Bank

7D

0.8%

1Y

6.4%

YAR

NOK 304.90

Yara International

7D

0.8%

1Y

-20.1%

AKRBP

NOK 258.00

Aker BP

7D

-1.7%

1Y

-8.6%

STB

NOK 112.00

Storebrand

7D

2.6%

1Y

34.0%