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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedFeb 10, 2025
DataAggregated Company Financials
Companies308
  • 7D-1.3%
  • 3M3.6%
  • 1Y8.9%
  • YTD0.8%

Over the last 7 days, the market has dropped 1.3%, driven by losses in the Energy and Industrials sectors of 1.8% and 3.2%, respectively. In contrast, the Information Technology sector has actually gained 7.1%. In contrast to the last week, the market is actually up 8.9% over the past year. As for the next few years, earnings are expected to grow by 12% 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
Tue, 11 Feb 2025NOK 3.8tNOK 3.4tNOK 312.3b12x12.3x1.1x
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
Price to Earnings Ratio

20.8x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 190.4bTotal Revenue: NOK 2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 11.6x202320242025
Current Market PE
  • Investors are relatively neutral on the Norwegian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 11.6x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 11% 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-1.30%
Tech7.15%
Real Estate2.35%
Utilities0.91%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Telecom-0.094%
Financials-0.55%
Consumer Staples-1.02%
Healthcare-1.46%
Energy-1.76%
Materials-2.36%
Industrials-3.19%
Consumer Discretionary-3.20%
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 445x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 38.9% which is higher than its past year's earnings decline of 3.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings decline of 81% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 17% 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
AKRBP Aker BPNOK 251.706.6%
+NOK 9.9b		-7.4%PE9.9xEnergy
NOD Nordic SemiconductorNOK 140.9029.9%
+NOK 6.2b		45.4%PS4.7xTech
DNB DNB BankNOK 240.300.9%
+NOK 3.1b		19.1%PB1.3xFinancials
NHY Norsk HydroNOK 67.201.8%
+NOK 2.3b		13.9%PE99xMaterials
AUTO AutoStore HoldingsNOK 10.384.4%
+NOK 1.5b		-45.1%PE22.7xIndustrials
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KOG

NOK 1,133.00

Kongsberg Gruppen

7D

-15.3%

1Y

81.0%

YAR

NOK 312.60

Yara International

7D

-6.4%

1Y

-14.1%

SCHA

NOK 325.40

Schibsted

7D

-6.4%

1Y

0.7%

ATEA

NOK 131.20

Atea

7D

-7.5%

1Y

0.9%

Atea ASA Just Missed Earnings - But Analysts Have Updated Their Models

Feb 09
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AKRBP

NOK 251.70

Aker BP

7D

6.6%

1Y

-7.4%

Aker BP (OB:AKRBP) Has A Somewhat Strained Balance Sheet

Feb 09
Aker BP (OB:AKRBP) Has A Somewhat Strained Balance Sheet

DNB

NOK 240.30

DNB Bank

7D

0.9%

1Y

19.1%

TOM

NOK 163.10

Tomra Systems

7D

-1.9%

1Y

58.7%

Getting In Cheap On Tomra Systems ASA (OB:TOM) Might Be Difficult

Feb 08
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NOD

NOK 140.90

Nordic Semiconductor

7D

29.9%

1Y

45.4%

EQNR

NOK 272.50

Equinor

7D

-0.3%

1Y

-2.0%

DNO

NOK 12.57

DNO

7D

-9.4%

1Y

31.3%

AUTO

NOK 10.38

AutoStore Holdings

7D

4.4%

1Y

-45.1%

OLT

NOK 236.00

Olav Thon Eiendomsselskap

7D

4.0%

1Y

18.0%

SUBC

NOK 187.30

Subsea 7

7D

1.7%

1Y

33.4%

Subsea 7 S.A.'s (OB:SUBC) Price In Tune With Earnings

Jan 31
Subsea 7 S.A.'s (OB:SUBC) Price In Tune With Earnings

STB

NOK 135.60

Storebrand

7D

2.4%

1Y

46.9%

If EPS Growth Is Important To You, Storebrand (OB:STB) Presents An Opportunity

Jan 30
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GJF

NOK 228.40

Gjensidige Forsikring

7D

-1.8%

1Y

35.1%

Gjensidige Forsikring (OB:GJF) Is Increasing Its Dividend To NOK10.00

Jan 28
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NHY

NOK 67.20

Norsk Hydro

7D

1.8%

1Y

13.9%