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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedOct 28, 2024
DataAggregated Company Financials
Companies317
  • 7D2.0%
  • 3M-0.3%
  • 1Y4.5%
  • YTD3.9%

The market is up 2.0% over the last week, with the Energy sector leading the way, up 4.3%. As for the past 12 months, the market is up 4.5%. As for the next few years, earnings are expected to grow by 9.5% 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
Mon, 28 Oct 2024NOK 3.8tNOK 3.4tNOK 326.4b10.9x11.8x1.1x
Wed, 25 Sep 2024NOK 3.7tNOK 3.3tNOK 303.5b11.2x12.3x1.1x
Fri, 23 Aug 2024NOK 3.8tNOK 3.3tNOK 303.1b10.8x12.5x1.2x
Sun, 21 Jul 2024NOK 3.9tNOK 3.3tNOK 300.8b11.4x12.9x1.2x
Tue, 18 Jun 2024NOK 3.8tNOK 3.3tNOK 286.8b11.2x13.3x1.2x
Thu, 16 May 2024NOK 4.1tNOK 3.3tNOK 283.7b11.9x14.3x1.2x
Sat, 13 Apr 2024NOK 4.1tNOK 3.4tNOK 301.2b11.7x13.5x1.2x
Mon, 11 Mar 2024NOK 3.8tNOK 3.3tNOK 287.3b11.3x13.3x1.1x
Wed, 07 Feb 2024NOK 3.9tNOK 3.5tNOK 353.4b10.7x10.9x1.1x
Fri, 05 Jan 2024NOK 4.1tNOK 3.5tNOK 344.4b10.9x11.9x1.2x
Sun, 03 Dec 2023NOK 4.0tNOK 3.6tNOK 356.9b10.4x11.3x1.1x
Tue, 31 Oct 2023NOK 4.0tNOK 3.6tNOK 363.0b10.8x11x1.1x
Thu, 28 Sep 2023NOK 4.1tNOK 3.8tNOK 417.6b10.6x9.7x1.1x
Sat, 26 Aug 2023NOK 3.9tNOK 3.8tNOK 417.1b10.3x9.3x1x
Mon, 24 Jul 2023NOK 3.8tNOK 3.7tNOK 454.9b10.7x8.4x1x
Wed, 21 Jun 2023NOK 3.9tNOK 3.8tNOK 503.8b11.5x7.7x1x
Fri, 19 May 2023NOK 3.9tNOK 3.8tNOK 558.6b11.7x6.9x1x
Sun, 16 Apr 2023NOK 4.0tNOK 3.7tNOK 499.5b11.9x8x1.1x
Tue, 14 Mar 2023NOK 3.9tNOK 3.8tNOK 554.5b11.6x7x1x
Thu, 09 Feb 2023NOK 4.1tNOK 3.7tNOK 504.7b11.8x8.1x1.1x
Sat, 07 Jan 2023NOK 3.9tNOK 3.6tNOK 491.6b11.7x8x1.1x
Mon, 05 Dec 2022NOK 4.0tNOK 3.5tNOK 481.4b11.5x8.4x1.1x
Wed, 02 Nov 2022NOK 4.1tNOK 3.6tNOK 482.8b11.5x8.4x1.1x
Fri, 30 Sep 2022NOK 3.7tNOK 3.4tNOK 394.7b11.2x9.3x1.1x
Sun, 28 Aug 2022NOK 4.3tNOK 3.2tNOK 366.4b12.4x11.8x1.3x
Tue, 26 Jul 2022NOK 4.0tNOK 3.0tNOK 300.6b12.5x13.5x1.3x
Thu, 23 Jun 2022NOK 3.9tNOK 3.0tNOK 294.1b12.6x13.2x1.3x
Sat, 21 May 2022NOK 4.1tNOK 2.9tNOK 249.0b13.6x16.4x1.4x
Mon, 18 Apr 2022NOK 4.3tNOK 2.5tNOK 195.9b14.8x22x1.7x
Wed, 16 Mar 2022NOK 3.9tNOK 2.5tNOK 203.9b13.7x19.4x1.6x
Fri, 11 Feb 2022NOK 4.0tNOK 2.4tNOK 201.8b15.2x19.9x1.7x
Sun, 09 Jan 2022NOK 4.0tNOK 2.2tNOK 152.0b15.4x26.5x1.8x
Tue, 07 Dec 2021NOK 3.5tNOK 2.2tNOK 129.8b14.2x27.1x1.6x
Thu, 04 Nov 2021NOK 4.0tNOK 2.1tNOK 145.1b13.9x27.4x1.9x
Price to Earnings Ratio

27.4x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 145.1bTotal 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 11.8x 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 Market2.05%
Energy4.35%
Financials2.87%
Utilities2.37%
Tech1.88%
Healthcare1.56%
Telecom1.37%
Consumer Discretionary0.27%
Industrials0.029%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Real Estate-0.37%
Consumer Staples-0.39%
Materials-0.39%
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 481x.
    • 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 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 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
EQNR EquinorNOK 282.605.8%
+NOK 42.5b		-24.3%PE7.5xEnergy
DNB DNB BankNOK 230.402.9%
+NOK 17.2b		14.7%PB1.2xFinancials
KOG Kongsberg GruppenNOK 1.14k3.1%
+NOK 6.0b		148.5%PE41.6xIndustrials
SCHA SchibstedNOK 361.005.2%
+NOK 4.2b		64.5%PE4.1xTelecom
TOM Tomra SystemsNOK 160.109.4%
+NOK 4.1b		87.9%PE77.8xIndustrials
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