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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedNov 14, 2024
DataAggregated Company Financials
Companies317
  • 7D-0.6%
  • 3M-4.6%
  • 1Y-1.2%
  • YTD-0.9%

The Industrials sector gained 4.7% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 9.3% 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, 14 Nov 2024NOK 3.7tNOK 3.4tNOK 330.4b10.6x11.1x1.1x
Sat, 12 Oct 2024NOK 3.8tNOK 3.3tNOK 307.8b11.5x12.4x1.2x
Mon, 09 Sep 2024NOK 3.7tNOK 3.3tNOK 308.9b11x11.9x1.1x
Wed, 07 Aug 2024NOK 3.7tNOK 3.3tNOK 299.6b10.7x12.3x1.1x
Fri, 05 Jul 2024NOK 3.9tNOK 3.3tNOK 284.7b11.4x13.6x1.2x
Sun, 02 Jun 2024NOK 4.0tNOK 3.3tNOK 281.9b11.7x14x1.2x
Tue, 30 Apr 2024NOK 4.0tNOK 3.4tNOK 277.2b11.4x14.4x1.2x
Thu, 28 Mar 2024NOK 3.9tNOK 3.4tNOK 302.6b11.8x13x1.2x
Sat, 24 Feb 2024NOK 3.8tNOK 3.3tNOK 267.7b11.7x14.1x1.1x
Mon, 22 Jan 2024NOK 3.9tNOK 3.5tNOK 349.5b10.8x11.3x1.1x
Wed, 20 Dec 2023NOK 4.0tNOK 3.5tNOK 345.4b10.5x11.6x1.2x
Fri, 17 Nov 2023NOK 4.1tNOK 3.6tNOK 360.6b10.4x11.3x1.1x
Sun, 15 Oct 2023NOK 4.1tNOK 3.8tNOK 423.2b10.7x9.7x1.1x
Tue, 12 Sep 2023NOK 4.0tNOK 3.7tNOK 413.2b10.8x9.7x1.1x
Thu, 10 Aug 2023NOK 3.9tNOK 3.6tNOK 403.5b10.9x9.8x1.1x
Sat, 08 Jul 2023NOK 3.8tNOK 3.8tNOK 499.3b11.1x7.6x1x
Mon, 05 Jun 2023NOK 3.9tNOK 3.9tNOK 520.8b11.5x7.4x1x
Wed, 03 May 2023NOK 3.9tNOK 3.8tNOK 555.3b11.6x7x1x
Fri, 31 Mar 2023NOK 3.9tNOK 3.7tNOK 545.3b11.6x7.1x1x
Sun, 26 Feb 2023NOK 4.0tNOK 3.7tNOK 579.1b11.5x7x1.1x
Tue, 24 Jan 2023NOK 4.0tNOK 3.6tNOK 483.9b11.8x8.2x1.1x
Thu, 22 Dec 2022NOK 4.0tNOK 3.6tNOK 484.6b11.4x8.3x1.1x
Sat, 19 Nov 2022NOK 4.0tNOK 3.6tNOK 492.5b11.4x8x1.1x
Mon, 17 Oct 2022NOK 3.8tNOK 3.4tNOK 393.1b11.9x9.7x1.1x
Wed, 14 Sep 2022NOK 4.1tNOK 3.3tNOK 370.9b12.7x11.1x1.3x
Fri, 12 Aug 2022NOK 4.2tNOK 3.1tNOK 338.1b12.6x12.6x1.4x
Sun, 10 Jul 2022NOK 4.0tNOK 3.0tNOK 298.3b12x13.4x1.3x
Tue, 07 Jun 2022NOK 4.2tNOK 2.9tNOK 283.9b13.4x14.8x1.5x
Thu, 05 May 2022NOK 4.2tNOK 2.7tNOK 219.2b14.1x19x1.6x
Sat, 02 Apr 2022NOK 4.2tNOK 2.5tNOK 195.8b14.8x21.7x1.7x
Mon, 28 Feb 2022NOK 3.9tNOK 2.5tNOK 199.9b13.9x19.7x1.6x
Wed, 26 Jan 2022NOK 3.8tNOK 2.2tNOK 152.3b15.2x25.1x1.7x
Fri, 24 Dec 2021NOK 3.7tNOK 2.1tNOK 128.3b14.8x28.5x1.7x
Sun, 21 Nov 2021NOK 4.0tNOK 2.2tNOK 153.6b14.8x26.1x1.8x
Price to Earnings Ratio

26.1x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 153.6bTotal Revenue: NOK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 29.3x202220232024
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 11.1x which is lower than its 3-year average PE of 29.3x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 29% 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-0.58%
Industrials4.69%
Utilities0.31%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.35%
Telecom-0.56%
Consumer Staples-0.67%
Tech-1.16%
Healthcare-2.89%
Financials-2.95%
Consumer Discretionary-3.06%
Real Estate-3.94%
Materials-5.69%
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 473x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 44.6% 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 65% 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 30% 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 1.23k11.7%
+NOK 22.7b		160.2%PE45xIndustrials
EQNR EquinorNOK 250.250.7%
+NOK 4.8b		-29.5%PE6.5xEnergy
AUTO AutoStore HoldingsNOK 11.7213.5%
+NOK 4.7b		-33.8%PE25.8xIndustrials
WAWI Wallenius WilhelmsenNOK 105.703.6%
+NOK 1.6b		15.0%PE4.5xIndustrials
HAUTO Höegh AutolinersNOK 119.006.3%
+NOK 1.4b		38.9%PE3xIndustrials
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AFG

NOK 134.00

AF Gruppen

7D

4.0%

1Y

18.4%

AF Gruppen ASA's (OB:AFG) P/E Is On The Mark

Nov 14
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EQNR

NOK 250.25

Equinor

7D

0.7%

1Y

-29.5%

KOG

NOK 1,234.00

Kongsberg Gruppen

7D

11.7%

1Y

160.2%

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

Nov 14
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NHY

NOK 64.40

Norsk Hydro

7D

-6.0%

1Y

0.03%

ORK

NOK 98.80

Orkla

7D

-1.9%

1Y

29.9%

Orkla (OB:ORK) Ticks All The Boxes When It Comes To Earnings Growth

Nov 13
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VEI

NOK 132.60

Veidekke

7D

7.3%

1Y

32.3%

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HEX

NOK 45.65

Hexagon Composites

7D

10.8%

1Y

73.2%

AUTO

NOK 11.72

AutoStore Holdings

7D

13.5%

1Y

-33.8%

STB

NOK 117.60

Storebrand

7D

-7.8%

1Y

26.5%

DNB

NOK 225.70

DNB Bank

7D

-2.8%

1Y

10.0%

WAWI

NOK 105.70

Wallenius Wilhelmsen

7D

3.6%

1Y

15.0%

AKRBP

NOK 218.00

Aker BP

7D

-2.1%

1Y

-31.0%

YAR

NOK 310.70

Yara International

7D

-7.1%

1Y

-17.7%

HAUTO

NOK 119.00

Höegh Autoliners

7D

6.3%

1Y

38.9%

GJF

NOK 188.50

Gjensidige Forsikring

7D

-4.6%

1Y

6.6%

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%