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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedAug 01, 2025
DataAggregated Company Financials
Companies296
  • 7D0.3%
  • 3M7.0%
  • 1Y5.2%
  • YTD6.2%

The market has been flat over the last week. As for the longer term, the market has risen 5.2% in the past 12 months. As for the next few years, earnings are expected to grow by 11% 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, 02 Aug 2025NOK 4.1tNOK 3.3tNOK 306.1b13x13.4x1.2x
Mon, 30 Jun 2025NOK 4.0tNOK 3.2tNOK 302.4b12.5x13.3x1.2x
Wed, 28 May 2025NOK 3.9tNOK 3.2tNOK 301.7b12x13x1.2x
Fri, 25 Apr 2025NOK 3.7tNOK 3.3tNOK 317.7b12x11.7x1.1x
Sun, 23 Mar 2025NOK 4.0tNOK 3.3tNOK 319.3b12.1x12.4x1.2x
Tue, 18 Feb 2025NOK 3.8tNOK 3.3tNOK 327.7b11.2x11.6x1.2x
Thu, 16 Jan 2025NOK 3.9tNOK 3.5tNOK 338.0b12.2x11.5x1.1x
Sat, 14 Dec 2024NOK 3.7tNOK 3.4tNOK 336.7b11.2x11.1x1.1x
Mon, 11 Nov 2024NOK 3.7tNOK 3.4tNOK 326.9b11.1x11.3x1.1x
Wed, 09 Oct 2024NOK 3.7tNOK 3.3tNOK 308.1b11.2x12.2x1.1x
Fri, 06 Sep 2024NOK 3.7tNOK 3.3tNOK 307.3b10.9x12x1.1x
Sun, 04 Aug 2024NOK 3.8tNOK 3.3tNOK 300.2b10.8x12.6x1.1x
Tue, 02 Jul 2024NOK 3.9tNOK 3.3tNOK 286.6b11.3x13.7x1.2x
Thu, 30 May 2024NOK 4.1tNOK 3.3tNOK 281.6b11.3x14.5x1.2x
Sat, 27 Apr 2024NOK 4.0tNOK 3.4tNOK 278.0b11.4x14.4x1.2x
Mon, 25 Mar 2024NOK 3.9tNOK 3.4tNOK 300.5b11.3x13x1.2x
Wed, 21 Feb 2024NOK 3.8tNOK 3.3tNOK 265.4b11.3x14.2x1.1x
Fri, 19 Jan 2024NOK 3.9tNOK 3.5tNOK 350.7b10.8x11.2x1.1x
Sun, 17 Dec 2023NOK 4.0tNOK 3.5tNOK 350.0b10.4x11.4x1.1x
Tue, 14 Nov 2023NOK 4.1tNOK 3.6tNOK 365.2b10.3x11.2x1.1x
Thu, 12 Oct 2023NOK 4.1tNOK 3.8tNOK 420.9b10.7x9.6x1.1x
Sat, 09 Sep 2023NOK 4.0tNOK 3.8tNOK 414.0b10.8x9.6x1.1x
Mon, 07 Aug 2023NOK 3.9tNOK 3.6tNOK 401.2b11.1x9.7x1.1x
Wed, 05 Jul 2023NOK 3.9tNOK 3.8tNOK 501.2b11.1x7.7x1x
Fri, 02 Jun 2023NOK 3.8tNOK 3.9tNOK 522.3b11.4x7.3x1x
Sun, 30 Apr 2023NOK 4.0tNOK 3.8tNOK 546.5b12.1x7.3x1x
Tue, 28 Mar 2023NOK 3.8tNOK 3.8tNOK 548.8b11.6x6.9x1x
Thu, 23 Feb 2023NOK 4.0tNOK 3.7tNOK 576.0b11.4x7x1.1x
Sat, 21 Jan 2023NOK 3.9tNOK 3.6tNOK 486.7b11.6x8.1x1.1x
Mon, 19 Dec 2022NOK 4.0tNOK 3.6tNOK 485.8b11.6x8.1x1.1x
Wed, 16 Nov 2022NOK 4.1tNOK 3.6tNOK 483.1b11.9x8.4x1.1x
Fri, 14 Oct 2022NOK 3.8tNOK 3.4tNOK 391.6b11.9x9.8x1.1x
Sun, 11 Sep 2022NOK 4.1tNOK 3.3tNOK 373.6b12.7x10.9x1.2x
Tue, 09 Aug 2022NOK 4.2tNOK 3.2tNOK 343.7b12.4x12.1x1.3x
Price to Earnings Ratio

12.1x


Total Market Cap: NOK 4.2tTotal Earnings: NOK 343.7bTotal Revenue: NOK 3.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 10.8x202320242025
Current Market PE
  • Investors are optimistic on the Norwegian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 13.4x which is higher than its 3-year average PE of 10.8x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have declined 3.8% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Norwegian Market?

NO Market0.31%
Energy2.26%
Tech1.04%
Consumer Discretionary1.01%
Industrials0.26%
Healthcare-0.089%
Telecom-0.16%
Financials-0.34%
Real Estate-0.56%
Utilities-1.58%
Materials-2.18%
Consumer Staples-2.39%
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 357x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 37.2%, which is higher than its past year's earnings growth of 0.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 61% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 10% 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 261.601.6%
+NOK 9.7b		-8.2%PE7.5xEnergy
TEL TelenorNOK 161.101.7%
+NOK 3.7b		22.9%PE21.6xTelecom
AKER AkerNOK 695.006.1%
+NOK 3.0b		13.0%PE727.2xIndustrials
VAR Vår EnergiNOK 35.271.8%
+NOK 1.6b		5.2%PE13.9xEnergy
NOD Nordic SemiconductorNOK 141.003.2%
+NOK 836.2m		10.1%PS4.4xTech
See more

Market Insights

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