Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Norwegian (OSEAX) Market Analysis & Valuation

UpdatedFeb 11, 2025
DataAggregated Company Financials
Companies308
  • 7D-0.7%
  • 3M4.3%
  • 1Y9.1%
  • YTD1.1%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 5.9%. As for the longer term, the market has risen 9.1% in the past 12 months. As for the next few years, earnings are expected to grow by 11% 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 311.6b12.1x12.3x1.1x
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-0.68%
Tech5.86%
Real Estate2.43%
Energy0.47%
Utilities0.38%
Financials0.29%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Healthcare-0.086%
Consumer Staples-0.25%
Materials-0.87%
Telecom-1.50%
Consumer Discretionary-2.91%
Industrials-5.20%
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 443x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.2% 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
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

🔐 Cybersecurity in 2025: Higher Stakes, Bigger Opportunity

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Last week, we covered DeepSeek’s R1 model, which has caused investors to reconsider their narratives around AI. While it may not seem like it originally, this development is relevant to cybersecurity for several reasons...
Continue reading
🤖 📝 DeepSeek and Trump’s EOs: The Winners And Losers
Last Week

🤖 📝 DeepSeek and Trump’s EOs: The Winners And Losers

Latest News

AUTO

NOK 10.38

AutoStore Holdings

7D

4.4%

1Y

-45.1%

Does AutoStore Holdings (OB:AUTO) Have A Healthy Balance Sheet?

Feb 11
Does AutoStore Holdings (OB:AUTO) Have A Healthy Balance Sheet?

KOG

NOK 1,133.00

Kongsberg Gruppen

7D

-15.3%

1Y

81.0%

Kongsberg Gruppen's (OB:KOG) Dividend Will Be Increased To NOK10.00

Feb 11
Kongsberg Gruppen's (OB:KOG) Dividend Will Be Increased To NOK10.00

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

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

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%

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

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

NHY

NOK 67.20

Norsk Hydro

7D

1.8%

1Y

13.9%