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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJan 11, 2025
DataAggregated Company Financials
Companies313
  • 7D1.1%
  • 3M1.4%
  • 1Y5.2%
  • YTD1.5%

The market is up 1.1% over the last week, with the Energy sector leading the way, up 3.5%. The market is up 5.2% over the last 12 months. As for the next few years, earnings are expected to grow by 8.6% 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
Sat, 11 Jan 2025NOK 3.9tNOK 3.5tNOK 340.6b12x11.3x1.1x
Mon, 09 Dec 2024NOK 3.8tNOK 3.4tNOK 337.2b11.3x11.2x1.1x
Wed, 06 Nov 2024NOK 3.7tNOK 3.4tNOK 324.8b11.1x11.5x1.1x
Fri, 04 Oct 2024NOK 3.8tNOK 3.3tNOK 306.3b11x12.4x1.2x
Sun, 01 Sep 2024NOK 3.8tNOK 3.3tNOK 305.9b11.6x12.5x1.2x
Tue, 30 Jul 2024NOK 3.9tNOK 3.4tNOK 301.2b11.2x12.8x1.2x
Thu, 27 Jun 2024NOK 3.9tNOK 3.3tNOK 286.6b11.2x13.5x1.2x
Sat, 25 May 2024NOK 4.1tNOK 3.3tNOK 281.5b11.5x14.5x1.2x
Mon, 22 Apr 2024NOK 3.9tNOK 3.4tNOK 302.1b11.5x13x1.2x
Wed, 20 Mar 2024NOK 3.9tNOK 3.3tNOK 290.5b11.4x13.4x1.2x
Fri, 16 Feb 2024NOK 3.7tNOK 3.3tNOK 266.9b11.6x14x1.1x
Sun, 14 Jan 2024NOK 4.0tNOK 3.5tNOK 344.7b10.9x11.7x1.2x
Tue, 12 Dec 2023NOK 4.0tNOK 3.6tNOK 362.2b10.1x11.1x1.1x
Thu, 09 Nov 2023NOK 4.0tNOK 3.6tNOK 369.7b10.3x10.8x1.1x
Sat, 07 Oct 2023NOK 3.9tNOK 3.8tNOK 422.7b10.5x9.3x1x
Mon, 04 Sep 2023NOK 4.0tNOK 3.8tNOK 414.3b10.3x9.6x1.1x
Wed, 02 Aug 2023NOK 3.9tNOK 3.6tNOK 403.6b11x9.6x1.1x
Fri, 30 Jun 2023NOK 3.8tNOK 3.9tNOK 506.8b11.2x7.6x1x
Sun, 28 May 2023NOK 3.8tNOK 3.9tNOK 525.1b11.4x7.3x1x
Tue, 25 Apr 2023NOK 4.0tNOK 3.8tNOK 547.6b11.6x7.3x1x
Thu, 23 Mar 2023NOK 3.8tNOK 3.8tNOK 547.7b11.4x7x1x
Sat, 18 Feb 2023NOK 4.0tNOK 3.6tNOK 572.0b11.8x7.1x1.1x
Mon, 16 Jan 2023NOK 3.9tNOK 3.6tNOK 485.4b11.8x8.1x1.1x
Wed, 14 Dec 2022NOK 4.1tNOK 3.5tNOK 481.5b11.6x8.4x1.1x
Fri, 11 Nov 2022NOK 4.1tNOK 3.6tNOK 489.7b11.9x8.3x1.1x
Sun, 09 Oct 2022NOK 3.9tNOK 3.4tNOK 392.9b11.8x9.9x1.1x
Tue, 06 Sep 2022NOK 4.3tNOK 3.3tNOK 375.2b12.9x11.4x1.3x
Thu, 04 Aug 2022NOK 4.2tNOK 3.2tNOK 344.6b12.7x12.2x1.3x
Sat, 02 Jul 2022NOK 3.9tNOK 1.9tNOK 296.1b12.3x13.3x2.1x
Mon, 30 May 2022NOK 4.2tNOK 2.9tNOK 282.5b13.3x14.9x1.5x
Wed, 27 Apr 2022NOK 4.1tNOK 2.6tNOK 202.1b14.1x20.3x1.6x
Fri, 25 Mar 2022NOK 4.1tNOK 2.5tNOK 199.8b14.3x20.7x1.7x
Sun, 20 Feb 2022NOK 3.9tNOK 2.5tNOK 208.6b14.5x18.8x1.6x
Tue, 18 Jan 2022NOK 709.9tNOK 2.2tNOK 151.2b15.6x4694.2x325.4x
Price to Earnings Ratio

4694.2x


Total Market Cap: NOK 709.9tTotal Earnings: NOK 151.2bTotal Revenue: NOK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 28.4x202320242025
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 28.4x.
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 Market1.08%
Energy3.53%
Consumer Discretionary2.17%
Materials1.88%
Financials0.20%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.32%
Consumer Staples-0.90%
Telecom-1.04%
Tech-1.12%
Real Estate-1.70%
Healthcare-2.15%
Utilities-4.51%
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 389x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.8% 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 63% over the next 5 years.
  • This is better than its past earnings decline of 81% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 27% 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 294.103.3%
+NOK 25.3b		-6.6%PE7.4xEnergy
AKRBP Aker BPNOK 252.206.1%
+NOK 9.2b		-11.4%PE9.7xEnergy
NHY Norsk HydroNOK 64.382.8%
+NOK 3.5b		0.7%PE94.9xMaterials
HAFNI HafniaNOK 67.507.2%
+NOK 2.3b		-5.1%PE3.4xEnergy
YAR Yara InternationalNOK 314.102.5%
+NOK 1.9b		-8.9%PE12.7xMaterials
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Market Insights

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Sectors And Industries To Watch In 2025

Richard Bowman avatar
Richard Bowman
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5 comments

Last week we covered which markets would sink or swim in 2025, at least, according to analysts' estimates. This week, we wanted to go a layer deeper...

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