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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedMay 05, 2025
DataAggregated Company Financials
Companies304
  • 7D2.0%
  • 3M-2.7%
  • 1Y0.2%
  • YTD-0.8%

The market has climbed 2.0% in the last 7 days, lead by the Industrials sector with a gain of 5.5%. In the last 12 months, the market has been flat. Earnings are forecast to grow by 6.3% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 May 2025NOK 3.8tNOK 3.3tNOK 325.0b11.9x11.7x1.1x
Thu, 03 Apr 2025NOK 3.9tNOK 3.3tNOK 317.6b12.1x12.2x1.2x
Sat, 01 Mar 2025NOK 3.8tNOK 3.3tNOK 334.9b11.8x11.5x1.1x
Mon, 27 Jan 2025NOK 3.8tNOK 3.4tNOK 335.7b12.1x11.5x1.1x
Wed, 25 Dec 2024NOK 3.7tNOK 3.5tNOK 340.7b11.2x10.8x1.1x
Fri, 22 Nov 2024NOK 3.8tNOK 3.4tNOK 329.8b10.6x11.5x1.1x
Sun, 20 Oct 2024NOK 3.7tNOK 3.3tNOK 314.9b10.8x11.9x1.1x
Tue, 17 Sep 2024NOK 3.7tNOK 3.3tNOK 305.5b11.2x12.2x1.1x
Thu, 15 Aug 2024NOK 3.9tNOK 3.3tNOK 295.4b11.1x13x1.2x
Sat, 13 Jul 2024NOK 3.9tNOK 3.3tNOK 290.7b11.1x13.3x1.2x
Mon, 10 Jun 2024NOK 3.9tNOK 3.3tNOK 287.6b11.4x13.6x1.2x
Wed, 08 May 2024NOK 4.0tNOK 3.3tNOK 288.1b11.6x14x1.2x
Fri, 05 Apr 2024NOK 4.0tNOK 3.3tNOK 297.9b12.1x13.4x1.2x
Sun, 03 Mar 2024NOK 3.8tNOK 3.3tNOK 289.8b11.5x13.1x1.1x
Tue, 30 Jan 2024NOK 4.0tNOK 3.5tNOK 346.2b11.2x11.4x1.1x
Thu, 28 Dec 2023NOK 4.0tNOK 3.4tNOK 340.5b10.7x11.9x1.2x
Sat, 25 Nov 2023NOK 4.1tNOK 3.6tNOK 356.7b10.2x11.4x1.1x
Mon, 23 Oct 2023NOK 4.0tNOK 3.8tNOK 425.7b10.8x9.5x1.1x
Wed, 20 Sep 2023NOK 4.1tNOK 3.8tNOK 417.6b10.7x9.8x1.1x
Fri, 18 Aug 2023NOK 3.9tNOK 3.7tNOK 422.8b10.8x9.3x1.1x
Sun, 16 Jul 2023NOK 3.8tNOK 3.8tNOK 479.5b10.7x7.9x1x
Tue, 13 Jun 2023NOK 3.9tNOK 3.9tNOK 511.5b11.5x7.6x1x
Thu, 11 May 2023NOK 3.9tNOK 3.7tNOK 542.6b11.5x7.2x1x
Sat, 08 Apr 2023NOK 3.9tNOK 3.8tNOK 504.6b11.5x7.7x1x
Mon, 06 Mar 2023NOK 4.1tNOK 3.7tNOK 548.7b11.9x7.5x1.1x
Wed, 01 Feb 2023NOK 3.9tNOK 3.6tNOK 490.6b11.8x8x1.1x
Fri, 30 Dec 2022NOK 4.0tNOK 3.6tNOK 486.0b11.3x8.2x1.1x
Sun, 27 Nov 2022NOK 4.1tNOK 3.6tNOK 483.4b10.8x8.4x1.1x
Tue, 25 Oct 2022NOK 3.9tNOK 3.4tNOK 395.2b11.6x9.7x1.1x
Thu, 22 Sep 2022NOK 3.9tNOK 3.4tNOK 383.5b12.7x10.3x1.2x
Sat, 20 Aug 2022NOK 4.3tNOK 3.2tNOK 364.1b12.6x11.7x1.3x
Mon, 18 Jul 2022NOK 3.9tNOK 3.0tNOK 293.4b12.1x13.3x1.3x
Wed, 15 Jun 2022NOK 4.0tNOK 3.0tNOK 296.5b12.8x13.7x1.4x
Fri, 13 May 2022NOK 4.0tNOK 2.9tNOK 242.9b13.1x16.3x1.4x
Price to Earnings Ratio

16.3x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 242.9bTotal Revenue: NOK 2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 11x202320242025
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 11.0x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 10% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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 Market2.00%
Industrials5.45%
Consumer Discretionary4.63%
Telecom4.55%
Consumer Staples3.42%
Tech1.86%
Financials1.12%
Real Estate1.04%
Healthcare0.65%
Energy0.30%
Utilities0.13%
Materials-1.16%
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 415x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.8% which is higher than its past year's earnings decline of 1.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 12% 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
KOG Kongsberg GruppenNOK 1.73k10.4%
+NOK 28.8b		110.5%PE59.4xIndustrials
TEL TelenorNOK 156.704.1%
+NOK 8.5b		19.4%PE11.5xTelecom
EQNR EquinorNOK 241.301.1%
+NOK 7.3b		-21.0%PE7.2xEnergy
ORK OrklaNOK 117.305.2%
+NOK 5.8b		45.8%PE19.3xConsumer Staples
SB1NO SpareBank 1 Sør-NorgeNOK 169.806.7%
+NOK 4.0b		24.5%PB1.2xFinancials
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NHY

NOK 55.60

Norsk Hydro

7D

-1.4%

1Y

-20.6%

EQNR

NOK 241.30

Equinor

7D

1.1%

1Y

-21.0%

NOD

NOK 111.90

Nordic Semiconductor

7D

-9.9%

1Y

-11.6%

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MOWI

NOK 192.60

Mowi

7D

2.8%

1Y

0.4%

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May 02
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SCHA

NOK 322.80

Schibsted

7D

4.1%

1Y

-2.2%

DNB

NOK 263.60

DNB Bank

7D

-1.5%

1Y

30.4%

GJF

NOK 250.60

Gjensidige Forsikring

7D

2.2%

1Y

37.8%

TEL

NOK 156.70

Telenor

7D

4.1%

1Y

19.4%

ORK

NOK 117.30

Orkla

7D

5.2%

1Y

45.8%

KOG

NOK 1,729.50

Kongsberg Gruppen

7D

10.4%

1Y

110.5%

AKER

NOK 582.00

Aker

7D

-3.5%

1Y

-6.6%

YAR

NOK 339.50

Yara International

7D

-2.2%

1Y

6.4%

Yara International ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Apr 30
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AUTO

NOK 4.72

AutoStore Holdings

7D

-7.1%

1Y

-71.2%

VAR

NOK 27.66

Vår Energi

7D

-8.2%

1Y

-23.9%

SB1NO

NOK 169.80

SpareBank 1 Sør-Norge

7D

6.7%

1Y

24.5%

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Apr 23
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AKRBP

NOK 219.10

Aker BP

7D

-2.1%

1Y

-19.4%

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