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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedOct 29, 2024
DataAggregated Company Financials
Companies318
  • 7D0.8%
  • 3M-1.1%
  • 1Y3.5%
  • YTD2.8%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 3.1% in that time. Meanwhile, the market is actually up 3.5% over the past year. Earnings are forecast to grow by 9.7% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Oct 2024NOK 3.8tNOK 3.4tNOK 326.8b10.9x11.6x1.1x
Fri, 27 Sep 2024NOK 3.7tNOK 3.3tNOK 305.7b11.1x12x1.1x
Sun, 25 Aug 2024NOK 3.8tNOK 3.3tNOK 301.5b11.2x12.6x1.2x
Tue, 23 Jul 2024NOK 3.9tNOK 3.3tNOK 303.1b11.2x12.8x1.2x
Thu, 20 Jun 2024NOK 3.8tNOK 3.3tNOK 285.1b11.2x13.5x1.2x
Sat, 18 May 2024NOK 4.1tNOK 3.3tNOK 285.7b11.8x14.2x1.2x
Mon, 15 Apr 2024NOK 4.1tNOK 3.4tNOK 301.7b11.7x13.5x1.2x
Wed, 13 Mar 2024NOK 3.8tNOK 3.3tNOK 288.8b11.2x13.2x1.1x
Fri, 09 Feb 2024NOK 3.7tNOK 3.4tNOK 282.9b11.7x13.3x1.1x
Sun, 07 Jan 2024NOK 4.1tNOK 3.5tNOK 345.1b10.9x11.8x1.2x
Tue, 05 Dec 2023NOK 4.0tNOK 3.6tNOK 361.1b10.2x11.1x1.1x
Thu, 02 Nov 2023NOK 4.0tNOK 3.6tNOK 366.1b10.6x11.1x1.1x
Sat, 30 Sep 2023NOK 4.0tNOK 3.7tNOK 415.0b10.5x9.8x1.1x
Mon, 28 Aug 2023NOK 3.9tNOK 3.7tNOK 411.9b10.5x9.4x1x
Wed, 26 Jul 2023NOK 3.9tNOK 3.7tNOK 448.6b10.8x8.6x1x
Fri, 23 Jun 2023NOK 3.8tNOK 3.8tNOK 500.9b11.4x7.6x1x
Sun, 21 May 2023NOK 3.9tNOK 3.9tNOK 558.2b11.7x7x1x
Tue, 18 Apr 2023NOK 4.0tNOK 3.8tNOK 504.9b11.8x7.9x1.1x
Thu, 16 Mar 2023NOK 3.8tNOK 3.8tNOK 560.1b11.3x6.8x1x
Sat, 11 Feb 2023NOK 4.1tNOK 3.6tNOK 553.2b11.4x7.4x1.1x
Mon, 09 Jan 2023NOK 3.9tNOK 3.6tNOK 490.9b11.8x8x1.1x
Wed, 07 Dec 2022NOK 4.0tNOK 3.6tNOK 487.7b11.4x8.2x1.1x
Fri, 04 Nov 2022NOK 4.1tNOK 3.6tNOK 482.9b11.4x8.4x1.1x
Sun, 02 Oct 2022NOK 3.8tNOK 3.5tNOK 398.1b11.4x9.4x1.1x
Tue, 30 Aug 2022NOK 4.3tNOK 3.2tNOK 368.3b12.4x11.7x1.3x
Thu, 28 Jul 2022NOK 4.1tNOK 3.0tNOK 299.8b12.6x13.7x1.4x
Sat, 25 Jun 2022NOK 3.9tNOK 2.9tNOK 293.6b12.6x13.1x1.3x
Mon, 23 May 2022NOK 4.1tNOK 2.9tNOK 249.0b13.4x16.4x1.4x
Wed, 20 Apr 2022NOK 4.3tNOK 2.5tNOK 196.1b14.8x21.8x1.7x
Fri, 18 Mar 2022NOK 4.0tNOK 2.5tNOK 201.3b13.9x20x1.6x
Sun, 13 Feb 2022NOK 4.0tNOK 2.4tNOK 181.6b14.8x22.2x1.7x
Tue, 11 Jan 2022NOK 4.0tNOK 2.2tNOK 152.1b15.3x26.2x1.8x
Thu, 09 Dec 2021NOK 3.6tNOK 2.1tNOK 128.7b15.1x28.1x1.7x
Sat, 06 Nov 2021NOK 4.0tNOK 2.1tNOK 146.1b14.1x27.7x1.9x
Price to Earnings Ratio

27.7x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 146.1bTotal 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 11.6x which is lower than its 3-year average PE of 29.5x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 31% 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 Market0.77%
Tech3.11%
Financials2.68%
Telecom1.69%
Industrials1.06%
Consumer Staples0.77%
Healthcare0.43%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Discretionary-0.042%
Real Estate-0.25%
Energy-0.33%
Utilities-0.46%
Materials-0.73%
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 480x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.2% 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 73% 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 1.17k5.8%
+NOK 11.2b		157.2%PE42.7xIndustrials
EQNR EquinorNOK 272.001.0%
+NOK 7.7b		-27.4%PE7.2xEnergy
SCHA SchibstedNOK 363.606.9%
+NOK 5.4b		62.9%PE4.2xTelecom
TOM Tomra SystemsNOK 163.5011.7%
+NOK 5.1b		85.2%PE79.4xIndustrials
STB StorebrandNOK 127.705.5%
+NOK 2.9b		37.1%PE10.9xFinancials
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