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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedApr 04, 2025
DataAggregated Company Financials
Companies306
  • 7D-4.3%
  • 3M-1.4%
  • 1Y0.4%
  • YTD-1.0%

Over the last 7 days, the market has dropped 4.3%, driven by a decline of 6.0% in the Energy sector. Although the market performance has been flat over the past year. As for the next few years, earnings are expected to grow by 7.6% 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
Fri, 04 Apr 2025NOK 3.8tNOK 3.2tNOK 317.8b11.9x11.9x1.2x
Sun, 02 Mar 2025NOK 3.8tNOK 3.4tNOK 336.0b11.5x11.4x1.1x
Tue, 28 Jan 2025NOK 3.8tNOK 3.4tNOK 336.8b12.1x11.4x1.1x
Thu, 26 Dec 2024NOK 3.7tNOK 3.5tNOK 340.3b11.2x10.8x1.1x
Sat, 23 Nov 2024NOK 3.8tNOK 3.4tNOK 330.8b11.2x11.5x1.1x
Mon, 21 Oct 2024NOK 3.7tNOK 3.3tNOK 314.9b10.8x11.9x1.1x
Wed, 18 Sep 2024NOK 3.7tNOK 3.3tNOK 307.4b11.1x12.1x1.1x
Fri, 16 Aug 2024NOK 3.9tNOK 3.3tNOK 297.4b11.2x12.9x1.2x
Sun, 14 Jul 2024NOK 3.9tNOK 3.3tNOK 296.1b11x13.1x1.2x
Tue, 11 Jun 2024NOK 3.9tNOK 3.3tNOK 286.4b11.5x13.6x1.2x
Thu, 09 May 2024NOK 4.0tNOK 3.3tNOK 287.7b11.6x14x1.2x
Sat, 06 Apr 2024NOK 4.0tNOK 3.3tNOK 297.7b12.2x13.4x1.2x
Mon, 04 Mar 2024NOK 3.8tNOK 3.3tNOK 289.8b11.5x13.1x1.1x
Wed, 31 Jan 2024NOK 3.9tNOK 3.5tNOK 347.2b11.3x11.4x1.1x
Fri, 29 Dec 2023NOK 4.0tNOK 3.5tNOK 342.9b10.7x11.8x1.2x
Sun, 26 Nov 2023NOK 4.1tNOK 3.6tNOK 357.7b10.2x11.4x1.1x
Tue, 24 Oct 2023NOK 4.0tNOK 3.8tNOK 426.4b10.8x9.3x1x
Thu, 21 Sep 2023NOK 4.1tNOK 3.8tNOK 416.1b10.8x9.8x1.1x
Sat, 19 Aug 2023NOK 3.9tNOK 3.7tNOK 422.9b10.4x9.2x1x
Mon, 17 Jul 2023NOK 3.8tNOK 3.8tNOK 479.5b10.7x7.9x1x
Wed, 14 Jun 2023NOK 3.9tNOK 3.8tNOK 505.6b11.5x7.8x1x
Fri, 12 May 2023NOK 3.8tNOK 3.8tNOK 547.5b11.8x7x1x
Sun, 09 Apr 2023NOK 3.9tNOK 3.8tNOK 504.8b11.5x7.7x1x
Tue, 07 Mar 2023NOK 4.1tNOK 3.7tNOK 549.7b11.8x7.5x1.1x
Thu, 02 Feb 2023NOK 4.0tNOK 3.6tNOK 490.4b12x8.1x1.1x
Sat, 31 Dec 2022NOK 4.0tNOK 3.6tNOK 483.0b11.5x8.3x1.1x
Mon, 28 Nov 2022NOK 4.1tNOK 3.6tNOK 483.3b10.8x8.4x1.1x
Wed, 26 Oct 2022NOK 3.9tNOK 3.4tNOK 389.6b11.6x9.9x1.1x
Fri, 23 Sep 2022NOK 3.9tNOK 3.4tNOK 386.2b12.5x10.2x1.2x
Sun, 21 Aug 2022NOK 4.3tNOK 3.2tNOK 364.6b12.5x11.7x1.3x
Tue, 19 Jul 2022NOK 3.9tNOK 3.0tNOK 293.4b12.1x13.3x1.3x
Thu, 16 Jun 2022NOK 4.1tNOK 3.0tNOK 296.9b12.7x13.7x1.4x
Sat, 14 May 2022NOK 4.0tNOK 2.9tNOK 245.9b13.2x16.3x1.4x
Mon, 11 Apr 2022NOK 4.3tNOK 2.5tNOK 195.1b14.6x21.9x1.7x
Price to Earnings Ratio

21.9x


Total Market Cap: NOK 4.3tTotal Earnings: NOK 195.1bTotal Revenue: NOK 2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 11.2x202320242025
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 11.2x.
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 9.3% 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-4.26%
Telecom2.38%
Real Estate-0.75%
Utilities-1.03%
Consumer Discretionary-2.03%
Tech-2.57%
Industrials-2.78%
Financials-4.45%
Consumer Staples-4.81%
Healthcare-5.03%
Energy-5.98%
Materials-7.42%
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 424x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.8% 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 47% over the next 5 years.
  • This is better than its past earnings decline of 25% 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
SCHA SchibstedNOK 303.808.2%
+NOK 5.2b		-12.6%PE14.9xTelecom
KOG Kongsberg GruppenNOK 1.58k1.4%
+NOK 3.9b		113.9%PE54.3xIndustrials
ORK OrklaNOK 115.202.0%
+NOK 2.3b		51.6%PE18.9xConsumer Staples
TEL TelenorNOK 150.400.7%
+NOK 1.4b		20.9%PE11.1xTelecom
KIT KitronNOK 48.967.3%
+NOK 660.4m		51.5%PE30.5xTech
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