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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedFeb 13, 2025
DataAggregated Company Financials
Companies309
  • 7D-1.0%
  • 3M2.8%
  • 1Y9.7%
  • YTD0.9%

The market has been flat in the last week, however the Industrials sector is down 4.0%. Meanwhile, the market is actually up 9.7% over the past year. Earnings are forecast to grow by 11% 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, 13 Feb 2025NOK 3.8tNOK 3.4tNOK 311.0b11.8x12.3x1.1x
Sat, 11 Jan 2025NOK 3.9tNOK 3.5tNOK 340.6b12x11.3x1.1x
Mon, 09 Dec 2024NOK 3.8tNOK 3.4tNOK 337.2b11.3x11.2x1.1x
Wed, 06 Nov 2024NOK 3.7tNOK 3.4tNOK 324.8b11.1x11.5x1.1x
Fri, 04 Oct 2024NOK 3.8tNOK 3.3tNOK 306.3b11x12.4x1.2x
Sun, 01 Sep 2024NOK 3.8tNOK 3.3tNOK 305.9b11.6x12.5x1.2x
Tue, 30 Jul 2024NOK 3.9tNOK 3.4tNOK 301.2b11.2x12.8x1.2x
Thu, 27 Jun 2024NOK 3.9tNOK 3.3tNOK 286.6b11.2x13.5x1.2x
Sat, 25 May 2024NOK 4.1tNOK 3.3tNOK 281.5b11.5x14.5x1.2x
Mon, 22 Apr 2024NOK 3.9tNOK 3.4tNOK 302.1b11.5x13x1.2x
Wed, 20 Mar 2024NOK 3.9tNOK 3.3tNOK 290.5b11.4x13.4x1.2x
Fri, 16 Feb 2024NOK 3.7tNOK 3.3tNOK 266.9b11.6x14x1.1x
Sun, 14 Jan 2024NOK 4.0tNOK 3.5tNOK 344.7b10.9x11.7x1.2x
Tue, 12 Dec 2023NOK 4.0tNOK 3.6tNOK 362.2b10.1x11.1x1.1x
Thu, 09 Nov 2023NOK 4.0tNOK 3.6tNOK 369.7b10.3x10.8x1.1x
Sat, 07 Oct 2023NOK 3.9tNOK 3.8tNOK 422.7b10.5x9.3x1x
Mon, 04 Sep 2023NOK 4.0tNOK 3.8tNOK 414.3b10.3x9.6x1.1x
Wed, 02 Aug 2023NOK 3.9tNOK 3.6tNOK 403.6b11x9.6x1.1x
Fri, 30 Jun 2023NOK 3.8tNOK 3.9tNOK 506.8b11.2x7.6x1x
Sun, 28 May 2023NOK 3.8tNOK 3.9tNOK 525.1b11.4x7.3x1x
Tue, 25 Apr 2023NOK 4.0tNOK 3.8tNOK 547.6b11.6x7.3x1x
Thu, 23 Mar 2023NOK 3.8tNOK 3.8tNOK 547.7b11.4x7x1x
Sat, 18 Feb 2023NOK 4.0tNOK 3.6tNOK 572.0b11.8x7.1x1.1x
Mon, 16 Jan 2023NOK 3.9tNOK 3.6tNOK 485.4b11.8x8.1x1.1x
Wed, 14 Dec 2022NOK 4.1tNOK 3.5tNOK 481.5b11.6x8.4x1.1x
Fri, 11 Nov 2022NOK 4.1tNOK 3.6tNOK 489.7b11.9x8.3x1.1x
Sun, 09 Oct 2022NOK 3.9tNOK 3.4tNOK 392.9b11.8x9.9x1.1x
Tue, 06 Sep 2022NOK 4.3tNOK 3.3tNOK 375.2b12.9x11.4x1.3x
Thu, 04 Aug 2022NOK 4.2tNOK 3.2tNOK 344.6b12.7x12.2x1.3x
Sat, 02 Jul 2022NOK 3.9tNOK 1.9tNOK 296.1b12.3x13.3x2.1x
Mon, 30 May 2022NOK 4.2tNOK 2.9tNOK 282.5b13.3x14.9x1.5x
Wed, 27 Apr 2022NOK 4.1tNOK 2.6tNOK 202.1b14.1x20.3x1.6x
Fri, 25 Mar 2022NOK 4.1tNOK 2.5tNOK 199.8b14.3x20.7x1.7x
Sun, 20 Feb 2022NOK 3.9tNOK 2.5tNOK 208.6b14.5x18.8x1.6x
Price to Earnings Ratio

18.8x


Total Market Cap: NOK 3.9tTotal Earnings: NOK 208.6bTotal 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 14% 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-0.95%
Energy1.09%
Consumer Discretionary0.0017%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Consumer Staples-0.017%
Healthcare-0.47%
Tech-0.74%
Telecom-0.84%
Real Estate-1.04%
Utilities-1.62%
Materials-1.91%
Financials-1.99%
Industrials-4.05%
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 439x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 37.8% 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 66% 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 16% 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 269.851.3%
+NOK 9.5b		2.2%PE7.4xEnergy
VAR Vår EnergiNOK 36.094.4%
+NOK 3.8b		14.5%PE24.5xEnergy
AUTO AutoStore HoldingsNOK 10.819.2%
+NOK 3.1b		-45.5%PE23.5xIndustrials
AKRBP Aker BPNOK 249.101.7%
+NOK 2.4b		-4.8%PE9.8xEnergy
WAWI Wallenius WilhelmsenNOK 96.006.2%
+NOK 2.4b		-11.8%PE4xIndustrials
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VAR

NOK 36.09

Vår Energi

7D

4.4%

1Y

14.5%

Vår Energi AS Just Missed Earnings - But Analysts Have Updated Their Models

Feb 13
Vår Energi AS Just Missed Earnings - But Analysts Have Updated Their Models

WAWI

NOK 96.00

Wallenius Wilhelmsen

7D

6.2%

1Y

-11.8%

ENTRA

NOK 110.00

Entra

7D

-10.1%

1Y

0%

STB

NOK 124.40

Storebrand

7D

-5.6%

1Y

34.7%

AKRBP

NOK 249.10

Aker BP

7D

1.7%

1Y

-4.8%

AUTO

NOK 10.81

AutoStore Holdings

7D

9.2%

1Y

-45.5%

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

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

KOG

NOK 1,135.00

Kongsberg Gruppen

7D

-13.4%

1Y

74.5%

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 316.80

Yara International

7D

-5.5%

1Y

-12.1%

SCHA

NOK 327.40

Schibsted

7D

-5.1%

1Y

-0.2%

TEL

NOK 139.70

Telenor

7D

0.9%

1Y

21.7%

Does Telenor (OB:TEL) Have A Healthy Balance Sheet?

Feb 10
Does Telenor (OB:TEL) Have A Healthy Balance Sheet?

ATEA

NOK 132.00

Atea

7D

-10.0%

1Y

1.1%

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

Feb 09
Atea ASA Just Missed Earnings - But Analysts Have Updated Their Models

DNB

NOK 237.20

DNB Bank

7D

-2.4%

1Y

15.8%

NOD

NOK 143.10

Nordic Semiconductor

7D

5.1%

1Y

47.5%

EQNR

NOK 269.85

Equinor

7D

1.3%

1Y

2.2%

OLT

NOK 241.00

Olav Thon Eiendomsselskap

7D

5.2%

1Y

20.8%

CADLR

NOK 55.10

Cadeler

7D

-8.5%

1Y

15.2%

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

Jan 10
These 4 Measures Indicate That Cadeler (OB:CADLR) Is Using Debt Extensively