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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies315
  • 7D1.1%
  • 3M-0.3%
  • 1Y2.9%
  • YTD3.2%

Over the last 7 days, the market has risen 1.1%, driven by gains of 2.5% in the Industrials sector. The market has been flat overall in the last year. As for the next few years, earnings are expected to grow by 9.3% 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
Sun, 24 Nov 2024NOK 3.8tNOK 3.4tNOK 330.1b11x11.5x1.1x
Tue, 22 Oct 2024NOK 3.8tNOK 3.3tNOK 315.4b11.5x11.9x1.1x
Thu, 19 Sep 2024NOK 3.7tNOK 3.3tNOK 307.2b11.3x12x1.1x
Sat, 17 Aug 2024NOK 3.8tNOK 3.3tNOK 298.9b11.2x12.8x1.2x
Mon, 15 Jul 2024NOK 3.9tNOK 3.3tNOK 290.9b11.1x13.3x1.2x
Wed, 12 Jun 2024NOK 3.9tNOK 3.3tNOK 287.2b11.4x13.4x1.2x
Fri, 10 May 2024NOK 4.0tNOK 3.3tNOK 288.0b11.4x14x1.2x
Sun, 07 Apr 2024NOK 4.0tNOK 3.3tNOK 297.7b12.2x13.4x1.2x
Tue, 05 Mar 2024NOK 3.8tNOK 3.3tNOK 291.4b11.2x13x1.1x
Thu, 01 Feb 2024NOK 3.9tNOK 3.5tNOK 349.1b11.3x11.3x1.1x
Sat, 30 Dec 2023NOK 4.0tNOK 3.4tNOK 340.1b11x11.9x1.2x
Mon, 27 Nov 2023NOK 4.1tNOK 3.6tNOK 357.7b10.2x11.4x1.1x
Wed, 25 Oct 2023NOK 4.0tNOK 3.8tNOK 427.4b10.9x9.3x1x
Fri, 22 Sep 2023NOK 4.1tNOK 3.8tNOK 418.0b10.6x9.7x1.1x
Sun, 20 Aug 2023NOK 3.9tNOK 3.7tNOK 423.2b10.4x9.2x1x
Tue, 18 Jul 2023NOK 3.7tNOK 3.8tNOK 473.6b10.6x7.9x1x
Thu, 15 Jun 2023NOK 3.9tNOK 3.8tNOK 502.0b11.5x7.8x1x
Sat, 13 May 2023NOK 3.9tNOK 3.8tNOK 548.7b11.8x7.1x1x
Mon, 10 Apr 2023NOK 3.9tNOK 3.8tNOK 504.8b11.5x7.7x1x
Wed, 08 Mar 2023NOK 4.1tNOK 3.8tNOK 559.0b11.9x7.3x1.1x
Fri, 03 Feb 2023NOK 3.9tNOK 3.6tNOK 491.4b11.6x8x1.1x
Sun, 01 Jan 2023NOK 4.0tNOK 3.6tNOK 483.0b11.5x8.3x1.1x
Tue, 29 Nov 2022NOK 4.0tNOK 3.6tNOK 487.0b10.7x8.3x1.1x
Thu, 27 Oct 2022NOK 3.9tNOK 3.4tNOK 399.2b11.7x9.8x1.1x
Sat, 24 Sep 2022NOK 3.8tNOK 3.4tNOK 390.8b12.3x9.6x1.1x
Mon, 22 Aug 2022NOK 4.3tNOK 3.2tNOK 364.7b12.4x11.7x1.3x
Wed, 20 Jul 2022NOK 3.9tNOK 3.0tNOK 293.4b12.1x13.3x1.3x
Fri, 17 Jun 2022NOK 4.0tNOK 3.0tNOK 297.1b12.6x13.4x1.3x
Sun, 15 May 2022NOK 4.0tNOK 2.9tNOK 245.5b13.1x16.3x1.4x
Tue, 12 Apr 2022NOK 4.2tNOK 2.5tNOK 196.0b14.6x21.5x1.7x
Thu, 10 Mar 2022NOK 4.0tNOK 2.5tNOK 202.5b13.8x19.8x1.6x
Sat, 05 Feb 2022NOK 4.0tNOK 2.2tNOK 147.6b15.2x26.8x1.8x
Mon, 03 Jan 2022NOK 3.7tNOK 2.1tNOK 128.5b15.2x28.6x1.7x
Wed, 01 Dec 2021NOK 3.6tNOK 2.2tNOK 130.1b14.2x27.5x1.6x
Price to Earnings Ratio

27.5x


Total Market Cap: NOK 3.6tTotal Earnings: NOK 130.1bTotal 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 11.5x which is lower than its 3-year average PE of 29.1x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 36% 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 Market1.06%
Healthcare7.72%
Consumer Staples3.38%
Industrials2.52%
Real Estate0.85%
Energy0.85%
Materials0.32%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.06%
Telecom-0.24%
Consumer Discretionary-1.45%
Tech-1.51%
Utilities-1.58%
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 466x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 41.9% 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 66% 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 1.29k7.3%
+NOK 15.5b		168.8%PE47xIndustrials
SALM SalMarNOK 589.005.5%
+NOK 4.0b		-0.4%PE23.7xConsumer Staples
VAR Vår EnergiNOK 37.274.3%
+NOK 3.8b		6.2%PE14.6xEnergy
MOWI MowiNOK 203.003.5%
+NOK 3.5b		5.4%PE21.2xConsumer Staples
ORK OrklaNOK 101.603.5%
+NOK 3.4b		28.0%PE17.8xConsumer Staples
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