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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 28, 2024
DataAggregated Company Financials
Companies314
  • 7D-0.02%
  • 3M-0.7%
  • 1Y3.6%
  • YTD2.2%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 5.5% in that time. Meanwhile, the market is actually up 3.6% over the past year. Earnings are forecast to grow by 9.2% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Nov 2024NOK 3.8tNOK 3.4tNOK 335.3b11.4x11.3x1.1x
Sat, 26 Oct 2024NOK 3.8tNOK 3.4tNOK 312.6b11.5x12.3x1.1x
Mon, 23 Sep 2024NOK 3.7tNOK 3.3tNOK 305.1b11.3x12.2x1.1x
Wed, 21 Aug 2024NOK 3.8tNOK 3.3tNOK 296.3b11x12.8x1.2x
Fri, 19 Jul 2024NOK 3.9tNOK 3.3tNOK 293.9b11.5x13.2x1.2x
Sun, 16 Jun 2024NOK 3.8tNOK 3.3tNOK 287.0b11.3x13.3x1.2x
Tue, 14 May 2024NOK 4.1tNOK 3.3tNOK 287.1b11.8x14.3x1.2x
Thu, 11 Apr 2024NOK 4.0tNOK 3.4tNOK 299.8b12.1x13.3x1.2x
Sat, 09 Mar 2024NOK 3.8tNOK 3.3tNOK 287.5b11.3x13.2x1.1x
Mon, 05 Feb 2024NOK 3.9tNOK 3.6tNOK 354.2b11.3x11.1x1.1x
Wed, 03 Jan 2024NOK 4.0tNOK 3.5tNOK 344.9b10.7x11.7x1.2x
Fri, 01 Dec 2023NOK 4.0tNOK 3.6tNOK 360.2b10.1x11.2x1.1x
Sun, 29 Oct 2023NOK 4.0tNOK 3.6tNOK 364.0b10.7x11x1.1x
Tue, 26 Sep 2023NOK 4.0tNOK 3.8tNOK 418.9b10.6x9.6x1.1x
Thu, 24 Aug 2023NOK 3.9tNOK 3.7tNOK 414.5b10.4x9.3x1x
Sat, 22 Jul 2023NOK 3.8tNOK 3.7tNOK 455.5b10.6x8.4x1x
Mon, 19 Jun 2023NOK 3.9tNOK 3.8tNOK 497.8b11.5x7.9x1x
Wed, 17 May 2023NOK 3.9tNOK 3.8tNOK 549.8b11.8x7x1x
Fri, 14 Apr 2023NOK 4.0tNOK 3.7tNOK 497.5b12.1x8x1.1x
Sun, 12 Mar 2023NOK 4.0tNOK 3.8tNOK 557.3b11.8x7.2x1.1x
Tue, 07 Feb 2023NOK 3.9tNOK 3.7tNOK 506.1b11.7x7.8x1.1x
Thu, 05 Jan 2023NOK 3.9tNOK 3.6tNOK 493.2b11.8x7.9x1.1x
Sat, 03 Dec 2022NOK 4.0tNOK 3.5tNOK 481.4b11.5x8.4x1.1x
Mon, 31 Oct 2022NOK 4.0tNOK 3.6tNOK 482.9b11.3x8.2x1.1x
Wed, 28 Sep 2022NOK 3.8tNOK 3.5tNOK 396.3b12x9.6x1.1x
Fri, 26 Aug 2022NOK 4.3tNOK 3.2tNOK 362.6b12.6x12x1.4x
Sun, 24 Jul 2022NOK 4.0tNOK 3.0tNOK 301.8b12.5x13.4x1.3x
Tue, 21 Jun 2022NOK 4.0tNOK 2.9tNOK 294.4b12.9x13.7x1.4x
Thu, 19 May 2022NOK 4.1tNOK 2.9tNOK 247.5b13.4x16.5x1.4x
Sat, 16 Apr 2022NOK 4.3tNOK 2.5tNOK 195.9b14.8x22x1.7x
Mon, 14 Mar 2022NOK 4.0tNOK 2.5tNOK 203.4b13.8x19.7x1.6x
Wed, 09 Feb 2022NOK 3.9tNOK 2.2tNOK 148.1b15.2x26.6x1.8x
Fri, 07 Jan 2022NOK 4.1tNOK 2.2tNOK 152.3b10.6x26.8x1.9x
Sun, 05 Dec 2021NOK 3.5tNOK 2.2tNOK 130.2b14.3x27.2x1.6x
Price to Earnings Ratio

27.2x


Total Market Cap: NOK 3.5tTotal Earnings: NOK 130.2bTotal 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 11.3x which is lower than its 3-year average PE of 29.1x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 37% 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 Market-0.018%
Healthcare5.51%
Utilities3.06%
Tech2.77%
Consumer Staples2.41%
Real Estate1.79%
Financials1.13%
Industrials1.00%
Consumer Discretionary0.76%
Telecom0.75%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-1.87%
Materials-2.90%
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 461x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 42.1% 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 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 1.31k5.7%
+NOK 12.5b		182.2%PE47.8xIndustrials
TOM Tomra SystemsNOK 159.4011.5%
+NOK 4.9b		54.0%PE78.5xIndustrials
ORK OrklaNOK 101.503.9%
+NOK 3.8b		27.0%PE17.8xConsumer Staples
DNB DNB BankNOK 230.600.9%
+NOK 3.1b		12.6%PB1.2xFinancials
GJF Gjensidige ForsikringNOK 198.003.0%
+NOK 2.9b		8.8%PE20.2xFinancials
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MPCC

NOK 21.80

MPC Container Ships

7D

-18.0%

1Y

57.2%

HAUTO

NOK 123.20

Höegh Autoliners

7D

-9.6%

1Y

39.5%

SUBC

NOK 176.10

Subsea 7

7D

-3.8%

1Y

18.9%

AKSO

NOK 30.70

Aker Solutions

7D

-37.5%

1Y

-23.7%

GJF

NOK 198.00

Gjensidige Forsikring

7D

3.0%

1Y

8.8%

ORK

NOK 101.50

Orkla

7D

3.9%

1Y

27.0%

SALM

NOK 579.00

SalMar

7D

2.6%

1Y

-1.0%

ENTRA

NOK 120.20

Entra

7D

8.9%

1Y

16.4%

NHY

NOK 68.44

Norsk Hydro

7D

-4.7%

1Y

8.5%

EQNR

NOK 269.25

Equinor

7D

-0.4%

1Y

-21.3%

KOG

NOK 1,311.00

Kongsberg Gruppen

7D

5.7%

1Y

182.2%

Some Confidence Is Lacking In Kongsberg Gruppen ASA's (OB:KOG) P/E

Nov 14
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SNI

NOK 279.00

Stolt-Nielsen

7D

-10.1%

1Y

-11.1%

DNB

NOK 230.60

DNB Bank

7D

0.9%

1Y

12.6%

TOM

NOK 159.40

Tomra Systems

7D

11.5%

1Y

54.0%

WAWI

NOK 103.90

Wallenius Wilhelmsen

7D

-10.4%

1Y

10.9%

SCHA

NOK 369.20

Schibsted

7D

2.0%

1Y

38.9%

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