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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 01, 2024
DataAggregated Company Financials
Companies318
  • 7D0.6%
  • 3M-1.7%
  • 1Y2.6%
  • YTD2.8%

The Communication Services sector gained 5.4% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Nov 2024NOK 3.8tNOK 3.4tNOK 324.0b11.3x11.7x1.1x
Sun, 29 Sep 2024NOK 3.7tNOK 3.3tNOK 305.1b11.1x12.2x1.1x
Tue, 27 Aug 2024NOK 3.8tNOK 3.3tNOK 303.4b11.2x12.6x1.2x
Thu, 25 Jul 2024NOK 3.9tNOK 3.3tNOK 300.9b11.2x12.8x1.2x
Sat, 22 Jun 2024NOK 3.9tNOK 3.3tNOK 285.3b11.2x13.5x1.2x
Mon, 20 May 2024NOK 4.1tNOK 3.3tNOK 283.8b11.6x14.3x1.2x
Wed, 17 Apr 2024NOK 4.0tNOK 3.4tNOK 303.2b11.5x13.2x1.2x
Fri, 15 Mar 2024NOK 3.8tNOK 3.3tNOK 289.1b11.2x13.3x1.1x
Sun, 11 Feb 2024NOK 3.8tNOK 3.3tNOK 275.8b11.7x13.6x1.1x
Tue, 09 Jan 2024NOK 4.0tNOK 3.5tNOK 346.3b10.8x11.6x1.2x
Thu, 07 Dec 2023NOK 4.0tNOK 3.6tNOK 364.6b10.3x10.9x1.1x
Sat, 04 Nov 2023NOK 4.0tNOK 3.6tNOK 362.5b10.7x11.2x1.1x
Mon, 02 Oct 2023NOK 4.0tNOK 3.8tNOK 416.0b10.6x9.7x1.1x
Wed, 30 Aug 2023NOK 3.9tNOK 3.7tNOK 410.7b10.3x9.5x1x
Fri, 28 Jul 2023NOK 3.8tNOK 3.6tNOK 397.8b11.2x9.7x1.1x
Sun, 25 Jun 2023NOK 3.8tNOK 3.9tNOK 507.9b11.2x7.5x1x
Tue, 23 May 2023NOK 3.9tNOK 3.9tNOK 559.6b11.4x6.9x1x
Thu, 20 Apr 2023NOK 4.0tNOK 3.8tNOK 508.4b11.7x7.8x1x
Sat, 18 Mar 2023NOK 3.8tNOK 3.8tNOK 557.0b10.8x6.8x1x
Mon, 13 Feb 2023NOK 4.1tNOK 3.7tNOK 569.2b11.7x7.2x1.1x
Wed, 11 Jan 2023NOK 3.9tNOK 3.6tNOK 490.4b11.8x8x1.1x
Fri, 09 Dec 2022NOK 4.0tNOK 3.6tNOK 488.8b11.6x8.1x1.1x
Sun, 06 Nov 2022NOK 4.1tNOK 3.6tNOK 495.1b11.4x8.3x1.1x
Tue, 04 Oct 2022NOK 3.9tNOK 3.4tNOK 393.3b11.6x9.8x1.1x
Thu, 01 Sep 2022NOK 4.2tNOK 3.3tNOK 372.7b12.3x11.4x1.3x
Sat, 30 Jul 2022NOK 4.2tNOK 1.9tNOK 185.8b12.5x22.7x2.2x
Mon, 27 Jun 2022NOK 3.9tNOK 2.9tNOK 293.6b12.6x13.1x1.3x
Wed, 25 May 2022NOK 4.1tNOK 2.9tNOK 246.4b13.6x16.6x1.4x
Fri, 22 Apr 2022NOK 4.3tNOK 2.5tNOK 196.5b14.8x21.9x1.7x
Sun, 20 Mar 2022NOK 4.0tNOK 2.5tNOK 200.8b14.1x20.2x1.6x
Tue, 15 Feb 2022NOK 4.0tNOK 2.4tNOK 183.6b14.4x21.6x1.6x
Thu, 13 Jan 2022NOK 4.0tNOK 2.2tNOK 151.2b15.5x26.7x1.9x
Sat, 11 Dec 2021NOK 3.6tNOK 2.1tNOK 129.0b14.5x27.7x1.7x
Mon, 08 Nov 2021NOK 4.0tNOK 2.1tNOK 148.0b14.1x27.3x1.9x
Price to Earnings Ratio

27.3x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 148.0bTotal Revenue: NOK 2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 29.5x202220232024
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 11.7x which is lower than its 3-year average PE of 29.5x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 30% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market0.58%
Telecom5.41%
Tech2.17%
Consumer Discretionary1.61%
Consumer Staples0.44%
Energy0.35%
Real Estate0.30%
Materials0.25%
Financials0.074%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Healthcare-0.12%
Industrials-0.30%
Utilities-1.76%
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 479x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.3% 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 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 1.17k5.0%
+NOK 10.3b		153.0%PE42.7xIndustrials
TEL TelenorNOK 137.505.0%
+NOK 8.9b		19.3%PE20.6xTelecom
EQNR EquinorNOK 270.501.1%
+NOK 8.0b		-27.8%PE7.2xEnergy
SCHA SchibstedNOK 369.406.5%
+NOK 5.1b		67.8%PE4.2xTelecom
AKRBP Aker BPNOK 234.502.6%
+NOK 3.7b		-25.7%PE7.3xEnergy
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