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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJan 09, 2025
DataAggregated Company Financials
Companies313
  • 7D2.9%
  • 3M0.8%
  • 1Y4.5%
  • YTD0.5%

The market has climbed 2.9% in the last 7 days, lead by the Energy sector with a gain of 7.9%. In the last year, the market has climbed 4.5%. As for the next few years, earnings are expected to grow by 8.7% 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
Thu, 09 Jan 2025NOK 3.8tNOK 3.5tNOK 339.9b11.9x11.2x1.1x
Sat, 07 Dec 2024NOK 3.8tNOK 3.4tNOK 337.2b11.3x11.2x1.1x
Mon, 04 Nov 2024NOK 3.8tNOK 3.4tNOK 329.8b11x11.4x1.1x
Wed, 02 Oct 2024NOK 3.8tNOK 3.3tNOK 307.1b11.3x12.2x1.1x
Fri, 30 Aug 2024NOK 3.8tNOK 3.3tNOK 305.3b11x12.5x1.2x
Sun, 28 Jul 2024NOK 3.8tNOK 3.4tNOK 301.5b11.1x12.7x1.1x
Tue, 25 Jun 2024NOK 3.9tNOK 3.3tNOK 284.7b11.3x13.6x1.2x
Thu, 23 May 2024NOK 4.1tNOK 3.3tNOK 283.9b11.6x14.3x1.2x
Sat, 20 Apr 2024NOK 4.0tNOK 3.4tNOK 303.3b11.4x13x1.2x
Mon, 18 Mar 2024NOK 3.9tNOK 3.3tNOK 290.3b11.1x13.3x1.2x
Wed, 14 Feb 2024NOK 3.7tNOK 3.3tNOK 272.8b11.7x13.7x1.1x
Fri, 12 Jan 2024NOK 4.0tNOK 3.5tNOK 345.3b10.6x11.5x1.1x
Sun, 10 Dec 2023NOK 4.0tNOK 3.6tNOK 360.6b10.2x11.1x1.1x
Tue, 07 Nov 2023NOK 4.1tNOK 3.6tNOK 366.1b10.7x11.1x1.1x
Thu, 05 Oct 2023NOK 4.0tNOK 3.8tNOK 421.1b10.5x9.5x1.1x
Sat, 02 Sep 2023NOK 4.0tNOK 3.8tNOK 414.3b10.3x9.6x1.1x
Mon, 31 Jul 2023NOK 3.8tNOK 3.6tNOK 402.7b11.1x9.6x1.1x
Wed, 28 Jun 2023NOK 3.8tNOK 3.8tNOK 504.1b11x7.5x1x
Fri, 26 May 2023NOK 3.9tNOK 3.9tNOK 519.4b11.4x7.5x1x
Sun, 23 Apr 2023NOK 3.9tNOK 3.8tNOK 548.2b11.6x7.2x1x
Tue, 21 Mar 2023NOK 3.8tNOK 3.8tNOK 555.2b11.5x6.8x1x
Thu, 16 Feb 2023NOK 4.1tNOK 3.7tNOK 566.9b11.8x7.2x1.1x
Sat, 14 Jan 2023NOK 3.9tNOK 3.6tNOK 486.6b11.8x8.1x1.1x
Mon, 12 Dec 2022NOK 4.0tNOK 3.6tNOK 488.3b11.6x8.2x1.1x
Wed, 09 Nov 2022NOK 4.1tNOK 3.6tNOK 492.4b11.5x8.4x1.1x
Fri, 07 Oct 2022NOK 3.9tNOK 3.4tNOK 392.3b12x9.9x1.1x
Sun, 04 Sep 2022NOK 4.2tNOK 3.3tNOK 373.8b12.9x11.3x1.3x
Tue, 02 Aug 2022NOK 4.2tNOK 3.1tNOK 341.3b12.5x12.2x1.3x
Thu, 30 Jun 2022NOK 4.0tNOK 2.9tNOK 293.7b12.2x13.6x1.4x
Sat, 28 May 2022NOK 4.2tNOK 2.9tNOK 283.0b13.1x14.9x1.5x
Mon, 25 Apr 2022NOK 4.2tNOK 2.5tNOK 196.9b14.6x21.5x1.7x
Wed, 23 Mar 2022NOK 4.1tNOK 2.5tNOK 201.2b14.5x20.6x1.7x
Fri, 18 Feb 2022NOK 4.0tNOK 2.5tNOK 190.4b14.5x20.8x1.6x
Sun, 16 Jan 2022NOK 673.6tNOK 2.2tNOK 151.4b15.8x4449.1x308.2x
Price to Earnings Ratio

4449.1x


Total Market Cap: NOK 673.6tTotal Earnings: NOK 151.4bTotal 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 11.2x 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 Market2.90%
Energy7.90%
Financials1.07%
Industrials0.96%
Tech0.69%
Telecom0.27%
Materials0.23%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Real Estate-0.41%
Consumer Discretionary-0.44%
Utilities-1.08%
Consumer Staples-1.08%
Healthcare-1.66%
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 383x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.7% 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 289.103.8%
+NOK 29.0b		-7.1%PE7.4xEnergy
AKRBP Aker BPNOK 245.205.3%
+NOK 7.8b		-13.1%PE9.5xEnergy
ORK OrklaNOK 102.103.4%
+NOK 3.4b		24.8%PE17.9xConsumer Staples
GJF Gjensidige ForsikringNOK 209.002.5%
+NOK 2.5b		16.2%PE21.3xFinancials
SUBC Subsea 7NOK 197.204.0%
+NOK 2.2b		34.6%PE31.6xEnergy
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