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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedFeb 19, 2025
DataAggregated Company Financials
Companies310
  • 7D-2.0%
  • 3M1.0%
  • 1Y8.8%
  • YTD0.4%

Over the last 7 days, the market has dropped 2.0%, driven by a pullback of 8.6% in the Energy sector. In contrast, the Industrials sector has actually gained 4.1%. In contrast to the last week, the market is actually up 8.8% over the past year. Earnings are forecast to grow by 8.9% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Norwegian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025NOK 3.8tNOK 3.3tNOK 328.5b11.2x11.6x1.1x
Sun, 19 Jan 2025NOK 3.9tNOK 3.5tNOK 340.1b12.2x11.4x1.1x
Tue, 17 Dec 2024NOK 3.7tNOK 3.4tNOK 336.5b11.3x11x1.1x
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
Price to Earnings Ratio

19.7x


Total Market Cap: NOK 3.9tTotal Earnings: NOK 199.9bTotal 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 10% 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-2.04%
Industrials4.10%
Real Estate2.99%
Consumer Discretionary1.73%
Materials1.53%
Tech1.27%
Consumer Staples1.14%
Telecom0.043%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Financials-0.59%
Healthcare-0.76%
Utilities-1.58%
Energy-8.60%
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 436x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 36.5% which is higher than its past year's earnings decline of 1.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 41% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 20% 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 1.29k12.8%
+NOK 25.7b		93.7%PE44.1xIndustrials
DNB DNB BankNOK 249.404.4%
+NOK 15.6b		21.4%PB1.3xFinancials
EQNR EquinorNOK 259.401.0%
+NOK 6.0b		-3.0%PE7.2xEnergy
TOM Tomra SystemsNOK 177.805.3%
+NOK 2.7b		23.0%PE48.5xIndustrials
AKER AkerNOK 630.005.7%
+NOK 2.5b		6.2%PE14.8xIndustrials
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NOK 88.45

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1Y

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GJF

NOK 225.00

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7D

-2.1%

1Y

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AKRBP

NOK 240.70

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7D

-1.9%

1Y

-7.1%

KOG

NOK 1,285.00

Kongsberg Gruppen

7D

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1Y

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AKER

NOK 630.00

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5.7%

1Y

6.2%

SCHA

NOK 311.60

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7D

-5.8%

1Y

-3.6%

DNB

NOK 249.40

DNB Bank

7D

4.4%

1Y

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NOK 152.75

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7D

7.8%

1Y

63.8%

EQNR

NOK 259.40

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7D

1.0%

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