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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
Wed, 12 Feb 2025NOK 3.8tNOK 3.4tNOK 311.6b12.1x12.3x1.1x
Fri, 10 Jan 2025NOK 3.8tNOK 3.5tNOK 339.8b11.9x11.3x1.1x
Sun, 08 Dec 2024NOK 3.8tNOK 3.4tNOK 337.2b11.3x11.2x1.1x
Tue, 05 Nov 2024NOK 3.7tNOK 3.4tNOK 326.5b11x11.4x1.1x
Thu, 03 Oct 2024NOK 3.8tNOK 3.3tNOK 307.1b11.3x12.2x1.1x
Sat, 31 Aug 2024NOK 3.8tNOK 3.3tNOK 306.1b11.5x12.5x1.2x
Mon, 29 Jul 2024NOK 3.8tNOK 3.4tNOK 301.5b11.1x12.7x1.1x
Wed, 26 Jun 2024NOK 3.9tNOK 3.3tNOK 285.4b11.2x13.5x1.2x
Fri, 24 May 2024NOK 4.1tNOK 3.3tNOK 283.0b11.6x14.5x1.2x
Sun, 21 Apr 2024NOK 3.9tNOK 3.4tNOK 302.1b11.5x13x1.2x
Tue, 19 Mar 2024NOK 3.9tNOK 3.3tNOK 291.0b11.1x13.3x1.2x
Thu, 15 Feb 2024NOK 3.7tNOK 3.3tNOK 271.4b11.8x13.8x1.1x
Sat, 13 Jan 2024NOK 4.0tNOK 3.5tNOK 344.7b10.9x11.7x1.2x
Mon, 11 Dec 2023NOK 4.0tNOK 3.6tNOK 360.6b10.2x11.1x1.1x
Wed, 08 Nov 2023NOK 4.0tNOK 3.6tNOK 370.4b10.3x10.8x1.1x
Fri, 06 Oct 2023NOK 3.9tNOK 3.8tNOK 424.2b10.5x9.2x1x
Sun, 03 Sep 2023NOK 4.0tNOK 3.8tNOK 414.3b10.3x9.6x1.1x
Tue, 01 Aug 2023NOK 3.9tNOK 3.6tNOK 400.3b11x9.7x1.1x
Thu, 29 Jun 2023NOK 3.8tNOK 3.9tNOK 506.2b11.1x7.4x1x
Sat, 27 May 2023NOK 3.8tNOK 3.9tNOK 522.0b11.4x7.4x1x
Mon, 24 Apr 2023NOK 3.9tNOK 3.8tNOK 548.2b11.6x7.2x1x
Wed, 22 Mar 2023NOK 3.8tNOK 3.8tNOK 550.6b11.5x7x1x
Fri, 17 Feb 2023NOK 4.1tNOK 3.7tNOK 570.8b11.8x7.2x1.1x
Sun, 15 Jan 2023NOK 3.9tNOK 3.6tNOK 485.4b11.8x8.1x1.1x
Tue, 13 Dec 2022NOK 4.0tNOK 3.6tNOK 488.9b11.7x8.2x1.1x
Thu, 10 Nov 2022NOK 4.1tNOK 3.6tNOK 489.7b11.9x8.3x1.1x
Sat, 08 Oct 2022NOK 3.9tNOK 3.4tNOK 392.9b11.8x9.9x1.1x
Mon, 05 Sep 2022NOK 4.2tNOK 3.3tNOK 375.1b12.9x11.2x1.3x
Wed, 03 Aug 2022NOK 4.2tNOK 3.2tNOK 344.2b12.8x12.2x1.3x
Fri, 01 Jul 2022NOK 3.9tNOK 2.9tNOK 293.7b12.2x13.2x1.3x
Sun, 29 May 2022NOK 4.2tNOK 2.9tNOK 282.9b13.1x14.9x1.5x
Tue, 26 Apr 2022NOK 4.1tNOK 2.6tNOK 201.2b14.1x20.4x1.6x
Thu, 24 Mar 2022NOK 4.1tNOK 2.5tNOK 200.3b14.5x20.7x1.7x
Sat, 19 Feb 2022NOK 3.9tNOK 2.5tNOK 191.2b14.5x20.5x1.6x
Price to Earnings Ratio

20.5x


Total Market Cap: NOK 3.9tTotal Earnings: NOK 191.2bTotal 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 257.607.0%
+NOK 10.6b		-0.8%PE10.2xEnergy
EQNR EquinorNOK 281.501.3%
+NOK 10.1b		3.7%PE7.8xEnergy
NOD Nordic SemiconductorNOK 143.9528.1%
+NOK 6.1b		46.6%PS4.8xTech
VAR Vår EnergiNOK 36.915.5%
+NOK 4.8b		20.4%PE14.3xEnergy
AUTO AutoStore HoldingsNOK 11.1712.4%
+NOK 4.1b		-39.7%PE24.4xIndustrials
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VAR

NOK 36.91

Vår Energi

7D

5.5%

1Y

20.4%

AUTO

NOK 11.17

AutoStore Holdings

7D

12.4%

1Y

-39.7%

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

-14.6%

1Y

80.1%

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 320.00

Yara International

7D

-4.9%

1Y

-10.6%

SCHA

NOK 320.40

Schibsted

7D

-8.1%

1Y

-1.4%

ATEA

NOK 132.00

Atea

7D

-8.3%

1Y

2.3%

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 257.60

Aker BP

7D

7.0%

1Y

-0.8%

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

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

DNB

NOK 241.20

DNB Bank

7D

0.4%

1Y

19.6%

ORK

NOK 104.50

Orkla

7D

1.8%

1Y

37.2%

What Orkla ASA's (OB:ORK) P/E Is Not Telling You

Feb 08
What Orkla ASA's (OB:ORK) P/E Is Not Telling You

NOD

NOK 143.95

Nordic Semiconductor

7D

28.1%

1Y

46.6%

EQNR

NOK 281.50

Equinor

7D

1.3%

1Y

3.7%

DNO

NOK 12.55

DNO

7D

-9.6%

1Y

36.0%

STB

NOK 137.10

Storebrand

7D

3.3%

1Y

48.4%

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 230.80

Gjensidige Forsikring

7D

-1.5%

1Y

35.9%

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 65.68

Norsk Hydro

7D

-1.1%

1Y

13.8%

CADLR

NOK 55.20

Cadeler

7D

-8.0%

1Y

15.7%

These 4 Measures Indicate That Cadeler (OB:CADLR) Is Using Debt Extensively

Jan 10
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