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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedMay 10, 2025
DataAggregated Company Financials
Companies303
  • 7D-0.3%
  • 3M-1.8%
  • 1Y-2.9%
  • YTD-1.0%

The Utilities sector gained 5.2% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 7.4% 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
Sat, 10 May 2025NOK 3.8tNOK 3.3tNOK 314.4b12x12x1.2x
Mon, 07 Apr 2025NOK 3.6tNOK 3.3tNOK 320.3b11.5x11.2x1.1x
Wed, 05 Mar 2025NOK 3.8tNOK 3.3tNOK 334.7b11x11.2x1.1x
Fri, 31 Jan 2025NOK 3.9tNOK 3.5tNOK 337.5b12.3x11.5x1.1x
Sun, 29 Dec 2024NOK 3.7tNOK 3.5tNOK 340.8b11.3x10.9x1.1x
Tue, 26 Nov 2024NOK 3.8tNOK 3.4tNOK 330.5b11.5x11.5x1.1x
Thu, 24 Oct 2024NOK 3.8tNOK 3.4tNOK 318.7b11x11.9x1.1x
Sat, 21 Sep 2024NOK 3.7tNOK 3.3tNOK 305.3b11.3x12.1x1.1x
Mon, 19 Aug 2024NOK 3.8tNOK 3.3tNOK 299.5b11x12.8x1.2x
Wed, 17 Jul 2024NOK 3.8tNOK 3.3tNOK 292.2b11.3x13.1x1.2x
Fri, 14 Jun 2024NOK 3.9tNOK 3.3tNOK 286.4b11.4x13.5x1.2x
Sun, 12 May 2024NOK 4.1tNOK 3.3tNOK 287.3b11.7x14.3x1.2x
Tue, 09 Apr 2024NOK 4.0tNOK 3.3tNOK 296.9b12.4x13.4x1.2x
Thu, 07 Mar 2024NOK 3.8tNOK 3.3tNOK 289.5b11.3x13.1x1.1x
Sat, 03 Feb 2024NOK 3.9tNOK 3.6tNOK 353.2b11.3x11.1x1.1x
Mon, 01 Jan 2024NOK 4.0tNOK 3.5tNOK 341.0b10.9x11.9x1.2x
Wed, 29 Nov 2023NOK 4.0tNOK 3.5tNOK 356.6b10.2x11.3x1.1x
Fri, 27 Oct 2023NOK 4.0tNOK 3.8tNOK 423.2b10.7x9.4x1x
Sun, 24 Sep 2023NOK 4.1tNOK 3.8tNOK 417.8b10.5x9.7x1.1x
Tue, 22 Aug 2023NOK 3.9tNOK 3.7tNOK 421.1b10.3x9.2x1x
Thu, 20 Jul 2023NOK 3.8tNOK 3.7tNOK 452.9b10.6x8.3x1x
Sat, 17 Jun 2023NOK 3.9tNOK 3.8tNOK 498.2b11.5x7.9x1x
Mon, 15 May 2023NOK 3.9tNOK 3.8tNOK 549.2b11.8x7x1x
Wed, 12 Apr 2023NOK 3.9tNOK 3.8tNOK 507.8b11.9x7.8x1x
Fri, 10 Mar 2023NOK 4.0tNOK 3.8tNOK 557.5b11.9x7.2x1.1x
Sun, 05 Feb 2023NOK 4.0tNOK 3.7tNOK 499.1b11.5x8x1.1x
Tue, 03 Jan 2023NOK 4.0tNOK 3.6tNOK 486.1b11.7x8.2x1.1x
Thu, 01 Dec 2022NOK 4.1tNOK 3.6tNOK 485.8b11.2x8.4x1.1x
Sat, 29 Oct 2022NOK 4.0tNOK 3.5tNOK 398.5b11.9x10x1.1x
Mon, 26 Sep 2022NOK 3.8tNOK 3.4tNOK 390.9b12.2x9.6x1.1x
Wed, 24 Aug 2022NOK 4.3tNOK 3.2tNOK 363.2b12.1x11.9x1.4x
Fri, 22 Jul 2022NOK 4.0tNOK 3.0tNOK 293.0b12.5x13.6x1.3x
Sun, 19 Jun 2022NOK 4.0tNOK 3.0tNOK 297.4b12.9x13.4x1.3x
Tue, 17 May 2022NOK 4.0tNOK 2.9tNOK 248.2b13.2x16.2x1.4x
Price to Earnings Ratio

16.2x


Total Market Cap: NOK 4.0tTotal Earnings: NOK 248.2bTotal Revenue: NOK 2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 10.9x202320242025
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 10.9x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 8.2% per year over the last three years.
  • Revenues for these companies have grown 3.9% 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-0.26%
Utilities5.21%
Healthcare3.11%
Tech2.46%
Materials1.88%
Real Estate1.36%
Energy1.12%
Financials0.96%
Consumer Discretionary0.61%
Telecom-0.22%
Industrials-3.57%
Consumer Staples-3.94%
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 413x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.1% which is higher than its past year's earnings decline of 8.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 37% 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 232.904.9%
+NOK 6.9b		-15.6%PE8.8xEnergy
SCHA SchibstedNOK 338.605.3%
+NOK 3.8b		1.5%PE30.9xTelecom
AUTO AutoStore HoldingsNOK 5.5115.4%
+NOK 2.5b		-65.1%PE15.8xIndustrials
NHY Norsk HydroNOK 57.082.2%
+NOK 2.4b		-14.3%PE11.6xMaterials
GJF Gjensidige ForsikringNOK 253.201.9%
+NOK 2.3b		35.5%PE23xFinancials
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