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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies329
  • 7D-1.4%
  • 3M0.3%
  • 1Y7.4%
  • YTD1.9%

Over the last 7 days, the market has dropped 1.4%, driven by a decline of 3.2% in the Energy sector. On the other hand, the Information Technology has risen by 4.2%. In the last year, the market is actually up 7.4%. Earnings are forecast to grow by 12% 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, 09 Jul 2024NOK 3.8tNOK 3.2tNOK 280.0b11.5x13.5x1.2x
Thu, 06 Jun 2024NOK 3.9tNOK 3.3tNOK 285.4b11.3x13.6x1.2x
Sat, 04 May 2024NOK 4.0tNOK 3.3tNOK 287.7b11.5x13.8x1.2x
Mon, 01 Apr 2024NOK 3.9tNOK 3.4tNOK 303.2b11.7x13x1.2x
Wed, 28 Feb 2024NOK 3.8tNOK 3.3tNOK 268.3b11.5x14x1.1x
Fri, 26 Jan 2024NOK 3.9tNOK 3.5tNOK 347.1b11.3x11.4x1.1x
Sun, 24 Dec 2023NOK 4.0tNOK 3.5tNOK 344.0b10.5x11.7x1.2x
Tue, 21 Nov 2023NOK 4.1tNOK 3.5tNOK 356.2b10.4x11.4x1.1x
Thu, 19 Oct 2023NOK 4.1tNOK 3.8tNOK 428.2b10.7x9.7x1.1x
Sat, 16 Sep 2023NOK 4.1tNOK 3.8tNOK 415.9b10.8x9.8x1.1x
Mon, 14 Aug 2023NOK 3.9tNOK 3.7tNOK 410.3b11.1x9.6x1.1x
Wed, 12 Jul 2023NOK 3.8tNOK 3.8tNOK 490.5b11x7.8x1x
Fri, 09 Jun 2023NOK 3.9tNOK 3.9tNOK 515.4b11.5x7.5x1x
Sun, 07 May 2023NOK 3.9tNOK 3.7tNOK 544.5b11.4x7.2x1x
Tue, 04 Apr 2023NOK 3.9tNOK 3.7tNOK 537.8b11.5x7.3x1.1x
Thu, 02 Mar 2023NOK 4.1tNOK 3.7tNOK 560.0b11.9x7.3x1.1x
Sat, 28 Jan 2023NOK 4.0tNOK 3.6tNOK 486.3b11.8x8.1x1.1x
Mon, 26 Dec 2022NOK 4.0tNOK 3.6tNOK 485.2b11.5x8.3x1.1x
Wed, 23 Nov 2022NOK 4.0tNOK 3.6tNOK 495.4b10.6x8.1x1.1x
Fri, 21 Oct 2022NOK 3.9tNOK 3.4tNOK 388.4b11.8x10x1.1x
Sun, 18 Sep 2022NOK 4.0tNOK 3.3tNOK 380.9b12.7x10.5x1.2x
Tue, 16 Aug 2022NOK 4.2tNOK 3.2tNOK 344.0b12.4x12.2x1.3x
Thu, 14 Jul 2022NOK 4.0tNOK 3.0tNOK 300.1b12x13.3x1.3x
Sat, 11 Jun 2022NOK 4.1tNOK 2.9tNOK 288.8b13x14.2x1.4x
Mon, 09 May 2022NOK 4.1tNOK 2.8tNOK 238.0b14x17.1x1.4x
Wed, 06 Apr 2022NOK 4.2tNOK 2.5tNOK 195.4b14.6x21.7x1.7x
Fri, 04 Mar 2022NOK 4.2tNOK 2.5tNOK 203.3b13.9x20.7x1.7x
Sun, 30 Jan 2022NOK 3.9tNOK 2.2tNOK 153.7b14.9x25.3x1.8x
Tue, 28 Dec 2021NOK 3.7tNOK 2.1tNOK 128.2b14.9x28.7x1.7x
Thu, 25 Nov 2021NOK 4.0tNOK 2.2tNOK 150.8b14.9x26.3x1.8x
Sat, 23 Oct 2021NOK 4.0tNOK 2.0tNOK 111.4b13.7x36.2x2x
Mon, 20 Sep 2021NOK 3.6tNOK 2.0tNOK 118.0b13.6x30.9x1.8x
Wed, 18 Aug 2021NOK 3.6tNOK 2.0tNOK 116.0b12.8x31.1x1.8x
Price to Earnings Ratio

30.8x


Total Market Cap: NOK 3.6tTotal Earnings: NOK 115.9bTotal Revenue: NOK 2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 31.5x202220232024
Current Market PE
  • Investors are pessimistic on the Norwegian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.5x which is lower than its 3-year average PE of 31.5x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 34% per year over the last three years.
  • Revenues for these companies have grown 18% 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-1.43%
Tech4.16%
Consumer Staples0.98%
Consumer Discretionary0.94%
Telecom-0.15%
Financials-0.34%
Materials-1.31%
Industrials-1.35%
Real Estate-2.29%
Utilities-2.66%
Energy-3.19%
Healthcare-3.47%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 18.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.7% which is higher than its past year's earnings decline of 7.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 71% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 25% 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
SALM SalMarNOK 571.503.2%
+NOK 2.3b		33.8%PE43.2xConsumer Staples
SCHA SchibstedNOK 324.403.0%
+NOK 2.2b		72.6%PE4.6xTelecom
NOD Nordic SemiconductorNOK 152.908.2%
+NOK 2.2b		23.2%PS5.9xTech
TOM Tomra SystemsNOK 138.305.1%
+NOK 2.0b		-14.0%PE69.5xIndustrials
VOLUE VolueNOK 40.5034.6%
+NOK 1.5b		130.6%PE170.7xTech
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VOLUE

NOK 40.50

Volue

7D

34.6%

1Y

130.6%

KOG

NOK 885.00

Kongsberg Gruppen

7D

-1.8%

1Y

89.8%

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Jul 05
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DOFG

NOK 102.00

DOF Group

7D

5.2%

1Y

182.4%

GJF

NOK 194.80

Gjensidige Forsikring

7D

1.0%

1Y

17.2%

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Jul 04
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AKRBP

NOK 264.60

Aker BP

7D

-3.9%

1Y

-0.2%

YAR

NOK 293.00

Yara International

7D

-4.6%

1Y

-24.7%

Why Investors Shouldn't Be Surprised By Yara International ASA's (OB:YAR) Low P/S

Jul 03
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NOD

NOK 152.90

Nordic Semiconductor

7D

8.2%

1Y

23.2%

Should You Think About Buying Nordic Semiconductor ASA (OB:NOD) Now?

Jul 03
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EQNR

NOK 294.50

Equinor

7D

-3.6%

1Y

-3.7%

We Like Equinor's (OB:EQNR) Returns And Here's How They're Trending

Jul 01
We Like Equinor's (OB:EQNR) Returns And Here's How They're Trending

TEL

NOK 120.80

Telenor

7D

-1.5%

1Y

13.0%

Telenor's (OB:TEL) Dividend Will Be NOK4.50

Jun 30
Telenor's (OB:TEL) Dividend Will Be NOK4.50

VAR

NOK 36.88

Vår Energi

7D

-3.3%

1Y

24.9%

SCHA

NOK 324.40

Schibsted

7D

3.0%

1Y

72.6%

TOM

NOK 138.30

Tomra Systems

7D

5.1%

1Y

-14.0%

Tomra Systems (OB:TOM) Is Reinvesting At Lower Rates Of Return

Jun 10
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ELO

NOK 38.45

Elopak

7D

8.0%

1Y

68.6%

SALM

NOK 571.50

SalMar

7D

3.2%

1Y

33.8%

DNB

NOK 209.50

DNB Bank

7D

-1.3%

1Y

6.0%

KMCP

NOK 1.82

KMC Properties

7D

-76.2%

1Y

-66.7%