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Estonia (OMX) Market Analysis & Valuation
UpdatedApr 04, 2026
DataAggregated Company Financials
Companies29
- 7D-0.7%
- 3M-2.0%
- 1Y0.6%
- YTD-2.0%
Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 8.4% in that time. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 6.4% annually.
Market Valuation and Performance
Has the Estonia Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Apr 2026 | €4.7b | €5.1b | €344.1m | 13x | 13.6x | 0.9x |
| Tue, 03 Mar 2026 | €4.7b | €5.1b | €340.9m | 13.1x | 13.8x | 0.9x |
| Thu, 29 Jan 2026 | €4.7b | €5.2b | €357.2m | 14.7x | 13.3x | 0.9x |
| Sat, 27 Dec 2025 | €4.6b | €5.2b | €358.4m | 14.3x | 12.8x | 0.9x |
| Mon, 24 Nov 2025 | €4.4b | €5.2b | €358.9m | 13.5x | 12.2x | 0.8x |
| Wed, 22 Oct 2025 | €4.4b | €5.2b | €412.1m | 12.6x | 10.7x | 0.8x |
| Fri, 19 Sep 2025 | €4.5b | €5.2b | €411.8m | 13.5x | 11x | 0.9x |
| Sun, 17 Aug 2025 | €4.7b | €5.2b | €411.7m | 14.7x | 11.5x | 0.9x |
| Tue, 15 Jul 2025 | €5.7b | €5.1b | €485.0m | 15.1x | 11.7x | 1.1x |
| Thu, 12 Jun 2025 | €5.8b | €5.2b | €488.2m | 15.2x | 11.8x | 1.1x |
| Sat, 10 May 2025 | €5.6b | €5.1b | €476.7m | 15.1x | 11.7x | 1.1x |
| Mon, 07 Apr 2025 | €5.5b | €5.1b | €588.7m | 12.4x | 9.3x | 1.1x |
| Wed, 05 Mar 2025 | €5.3b | €5.1b | €579.6m | 11.9x | 9.2x | 1x |
| Fri, 31 Jan 2025 | €5.2b | €5.0b | €607.9m | 10.6x | 8.5x | 1x |
| Sun, 29 Dec 2024 | €4.9b | €5.0b | €610.2m | 10.5x | 8.1x | 1x |
| Tue, 26 Nov 2024 | €4.9b | €5.0b | €610.6m | 10.7x | 8x | 1x |
| Thu, 24 Oct 2024 | €5.0b | €4.8b | €681.7m | 9.7x | 7.3x | 1x |
| Sat, 21 Sep 2024 | €4.9b | €4.8b | €691.1m | 9.5x | 7x | 1x |
| Mon, 19 Aug 2024 | €4.9b | €4.8b | €689.7m | 9.6x | 7.2x | 1x |
| Wed, 17 Jul 2024 | €5.0b | €4.8b | €731.2m | 11.5x | 6.9x | 1x |
| Fri, 14 Jun 2024 | €5.2b | €4.8b | €734.2m | 11.2x | 7x | 1.1x |
| Sun, 12 May 2024 | €5.2b | €4.8b | €722.2m | 11.9x | 7.2x | 1.1x |
| Tue, 09 Apr 2024 | €5.1b | €4.9b | €715.8m | 10.6x | 7.1x | 1x |
| Thu, 07 Mar 2024 | €5.2b | €4.9b | €715.2m | 11.3x | 7.2x | 1.1x |
| Sat, 03 Feb 2024 | €5.0b | €5.0b | €712.4m | 11.1x | 7.1x | 1x |
| Mon, 01 Jan 2024 | €5.0b | €5.0b | €709.1m | 10x | 7.1x | 1x |
| Wed, 29 Nov 2023 | €4.4b | €3.8b | €442.7m | 11.6x | 10x | 1.2x |
| Fri, 27 Oct 2023 | €4.6b | €3.9b | €455.1m | 10x | 10x | 1.2x |
| Sun, 24 Sep 2023 | €4.6b | €3.8b | €415.1m | 11.4x | 11.1x | 1.2x |
| Tue, 22 Aug 2023 | €4.7b | €3.8b | €413.7m | 11.1x | 11.4x | 1.2x |
| Thu, 20 Jul 2023 | €4.8b | €3.7b | €410.1m | 11.5x | 11.7x | 1.3x |
| Sat, 17 Jun 2023 | €4.8b | €3.7b | €386.6m | 12.9x | 12.4x | 1.3x |
| Mon, 15 May 2023 | €4.9b | €3.7b | €381.2m | 13.5x | 12.9x | 1.3x |
| Wed, 12 Apr 2023 | €4.9b | €3.5b | €321.4m | 15.1x | 15.4x | 1.4x |
Price to Earnings Ratio
15.4x
Current Market PE
- Investors are optimistic on the Estonian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 13.6x which is higher than its 3-year average PE of 10.0x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 2.3% per year over the last three years.
- Revenues for these companies have grown 13% 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 Estonia Market?
| EE Market | -0.74% | |
| Healthcare | 8.41% | |
| Tech | 1.46% | |
| Consumer Discretionary | 1.07% | |
| Real Estate | 0.22% | |
| Telecom | 0.022% | |
| Financials | -0.025% | |
| Industrials | -0.11% | |
| Utilities | -0.79% | |
| Consumer Staples | -6.71% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 12.7x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 6.4% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 6.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MOLNR J. Molner | €23.20 | 8.4% +€3.0m | -2.5% | n/a | Healthcare | |
| NHCBHFFT Baltic Horizon Fund | €0.15 | 7.6% +€2.4m | -38.0% | PS1.7x | Financials | |
| TSM1T AS Tallinna Sadam | €1.40 | 0.6% +€2.1m | 17.0% | PE16.4x | Industrials | |
| CPA1T Coop Pank | €2.25 | 0.9% +€2.1m | 6.6% | PB1x | Financials | |
| TVE1T AS Tallinna Vesi | €11.25 | 0.4% +€1.0m | 7.7% | PE15.8x | Utilities |
