iShares MSCI Norway ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 15.4x P/Sales
ratio		 1.6x
P/BV
ratio		 1.8x Div.
yield		 4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Norway Capped Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 23, 2012
Assets (mns) $90
Currency USD
Expense ratio 53 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $19,951
Large cap (>$10bn) 56.6%
Mid cap ($2-10bn) 30.0%
Small cap (<$2bn) 12.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STATOILHYDRO ASA 11.7 %
DNB BANK ASA 11.5 %
KONGSBERG GRUPPEN 5.8 %
NORSK HYDRO ASA 5.5 %
DET NORSKE OLJESELSKAP ASA 5.0 %
MARINE HARVEST 4.0 %
TELENOR ASA 3.7 %
STOREBRAND ASA 3.7 %
SUBSEA 7 SA 3.3 %
YARA INTERNATIONAL ASA 3.3 %
Total 57.4 %

TOP COUNTRY EXPOSURE
NORWAY 84.1 %
BRITAIN 3.3 %
FAROE ISLANDS 1.0 %
BERMUDA 1.0 %
DENMARK 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
34.0% 37.7% 10.1% 10.1% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.42 9%
MSCI EAFE 0.43 14%
MSCI Emg. Mkts. 0.20 8%

Technical Indicators
Recent close $36.90
30d moving avg. $33.96
Annualized volatility 17.0%
Short interest (ETF) 1.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 30
Turnover 1.2%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $220

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 212 potential alternatives to the iShares MSCI Norway ETF ETF based on the alternatives' overlap in portfolio holdings with ENOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ENOR Expense: 53 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ENOR
Ticker Fund
Name		 Overlap1
vs ENOR
(%)		 Expense
ratio
(bp)		 Savings
vs ENOR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ENOR
(%)
IVAL Alpha Architect International Quantitative Value ETF 7.8 49 4 7.3 -0.2
MOO VanEck Agribusiness ETF 7.7 53 0 8.5 +0.9
EFAS Global X MSCI SuperDividend EAFE ETF 7.5 57 -4 7.0 -0.5
GLCR GlacierShares Nasdaq Iceland ETF 7.5 95 -42 3.1 -4.4
DFE WisdomTree Europe SmallCap Dividend Fund 7.3 58 -5 7.5 -0.0
VIDI Vident International Equity Strategy ETF 6.3 61 -8 7.9 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 6.1 50 3 9.0 +1.4
CCNR ALPS CoreCommodity Natural Resources ETF 5.7 39 14 7.8 +0.3
IEUS iShares MSCI Europe Small-Cap ETF 5.2 42 11 6.8 -0.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.2 70 -17 4.1 -3.4
IDV iShares International Select Dividend ETF 5.1 51 2 8.9 +1.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.8 56 -3 9.2 +1.7
FYLD Cambria Foreign Shareholder Yield ETF 4.8 59 -6 9.5 +2.0
FEP First Trust Europe AlphaDEX Fund 4.8 80 -27 6.7 -0.8
SDIV Global X Superdividend ETF 4.6 58 -5 13.8 +6.2
DTH WisdomTree International High Dividend Fund 4.5 58 -5 7.0 -0.5
DLS WisdomTree International SmallCap Dividend Fund 4.5 58 -5 7.2 -0.3
VEGI iShares MSCI Agriculture Producers ETF 4.4 39 14 7.1 -0.4
FDD First Trust Stoxx European Select Dividend Index Fund 4.3 58 -5 9.3 +1.7
RCGE RockCreek Global Equality ETF 4.3 95 -42 5.9 -1.6
OAIM OneAscent International Equity ETF 4.2 95 -42 4.3 -3.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.9 46 7 7.3 -0.2
DSTX Distillate International Fundamental Stability & Value ETF 3.8 55 -2 6.4 -1.2
FIDI Fidelity International High Dividend ETF 3.7 18 35 6.9 -0.6
DIM WisdomTree International MidCap Dividend Fund 3.5 58 -5 6.1 -1.4
IDLV Invesco S&P International Developed Low Volatility ETF 3.0 25 28 6.2 -1.3
IPKW Invesco International BuyBack Achievers ETF 2.8 55 -2 7.7 +0.2
JHID John Hancock International High Dividend ETF 2.8 46 7 7.7 +0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.6 29 24 6.9 -0.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.6 80 -27 5.4 -2.2
NUDM Nuveen ESG International Developed Markets Equity ETF 2.5 31 22 5.4 -2.2
GNR SPDR S&P Global Natural Resources ETF 2.5 40 13 7.8 +0.3
SCHC Schwab International Small-Cap Equity ETF 2.5 11 42 6.5 -1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.5 80 -27 6.6 -1.0
IMOM Alpha Architect International Quantitative Momentum ETF 2.4 49 4 4.5 -3.0
BOAT SonicShares Global Shipping ETF 2.4 69 -16 16.9 +9.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.3 80 -27 8.7 +1.2
SCZ iShares MSCI EAFE Small-Cap ETF 2.3 40 13 6.0 -1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.0 49 4 5.9 -1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.0 40 13 5.6 -1.9
DWM WisdomTree International Equity Fund 2.0 48 5 5.5 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 1.9 60 -7 7.5 -0.0
DFNL Davis Select Financial ETF 1.9 63 -10 7.0 -0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 1.9 55 -2 5.9 -1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.8 8 45 6.3 -1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.8 22 31 5.5 -2.0
FDEV Fidelity International Multifactor ETF 1.7 18 35 7.0 -0.5
AIVI WisdomTree International AI Enhanced Value Fund 1.7 58 -5 6.0 -1.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.7 70 -17 6.2 -1.3
DOL WisdomTree International LargeCap Dividend Fund 1.6 48 5 5.5 -2.1
AVDV Avantis International Small Cap Value ETF 1.6 36 17 7.4 -0.1
FNDC Schwab Fundamental International Small Co. Index ETF 1.6 39 14 6.6 -1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 1.6 37 16 6.8 -0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 1.6 49 4 4.6 -3.0
WWJD Inspire International ETF 1.6 80 -27 6.1 -1.4
QINT American Century Quality Diversified International ETF 1.5 39 14 6.4 -1.1
AVDS Avantis International Small Cap Equity ETF 1.5 30 23 5.9 -1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.5 24 29 6.8 -0.8
WDIV SPDR S&P Global Dividend ETF 1.4 40 13 8.8 +1.3
IQDF FlexShares International Quality Dividend Index Fund 1.4 47 6 7.2 -0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 28 6.3 -1.3
HAP VanEck Natural Resources ETF 1.4 50 3 6.2 -1.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.4 58 -5 9.2 +1.7
SPEU SPDR Portfolio Europe ETF 1.4 7 46 6.5 -1.1
GWX SPDR S&P International Small Cap ETF 1.3 40 13 5.7 -1.8
IEUR iShares Core MSCI Europe ETF 1.3 11 42 6.4 -1.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.3 12 41 5.3 -2.3
SCHY Schwab International Dividend Equity ETF 1.3 14 39 8.4 +0.9
TPIF Timothy Plan International ETF 1.3 62 -9 5.5 -2.1
VGK Vanguard FTSE Europe ETF 1.3 6 47 6.5 -1.0
DWMF WisdomTree International Multifactor Fund 1.3 38 15 6.8 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.3 39 14 6.7 -0.8
DEW WisdomTree Global High Dividend Fund 1.3 58 -5 7.0 -0.5
EFRA iShares Environmental Infrastructure and Industrials ETF 1.2 47 6 5.2 -2.4
LVHI Franklin International Low Volatility High Dividend Index ET 1.2 40 13 7.4 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 14 6.1 -1.5
IXC iShares Global Energy ETF 1.2 44 9 6.7 -0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.2 42 11 4.1 -3.4
SNSR Global X Internet of Things ETF 1.2 68 -15 3.5 -4.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.2 20 33 5.5 -2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.2 9 44 7.6 +0.0
FDVV Fidelity High Dividend ETF 1.2 15 38 6.5 -1.0
KNO AXS Knowledge Leaders ETF 1.1 78 -25 4.0 -3.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.1 50 3 5.6 -1.9
ICPY Tweedy, Browne International Insider Value ETF 1.1 80 -27 20.4 +12.9
FNDF Schwab Fundamental International Large Co. Index ETF 1.1 25 28 7.1 -0.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 33 5.6 -1.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.0 61 -8 -0.7 -8.3
INTF iShares International Equity Factor ETF 1.0 15 38 6.3 -1.2
BBEU JPMorgan BetaBuilders Europe ETF 1.0 9 44 6.2 -1.4
SHPP Pacer Industrials and Logistics ETF 1.0 60 -7 6.7 -0.8
JIVE JPMorgan International Value ETF 1.0 55 -2 7.8 +0.2
FPXI First Trust International Equity Opportunities ETF 1.0 70 -17 4.1 -3.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.0 30 23 5.9 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.9 14 39 5.2 -2.3
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -36 4.3 -3.2
EUFN iShares MSCI Europe Financials ETF 0.9 51 2 6.4 -1.2
FLEE Franklin FTSE Europe ETF 0.9 9 44 6.3 -1.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.9 34 19 5.1 -2.4
IEV iShares Europe ETF 0.9 67 -14 5.9 -1.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 44 6.4 -1.1
IEFA iShares Core MSCI EAFE ETF 0.8 7 46 5.9 -1.6
DIHP Dimensional International High Profitability ETF 0.8 29 24 5.7 -1.8
DFIV Dimensional International Value ETF 0.8 27 26 7.4 -0.2
FEOE First Eagle Overseas Equity ETF 0.8 79 -26 6.0 -1.5
EFV iShares MSCI EAFE Value ETF 0.8 34 19 7.2 -0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 28 6.0 -1.6
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -27 14.2 +6.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.8 46 7 5.4 -2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 8 6.5 -1.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.8 35 18 5.5 -2.1
WSML iShares MSCI World Small-Cap ETF 0.8 15 38 5.3 -2.2
DXIV Dimensional International Vector Equity ETF 0.8 34 19 6.4 -1.1
ROBO ROBO Global Robotics & Automation Index ETF 0.7 95 -42 2.5 -5.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 -12 1.4 -6.2
BOTZ Global X Robotics & Artificial Intelligence ETF 0.7 69 -16 2.1 -5.4
IBOT Vaneck Robotics ETF 0.7 47 6 3.4 -4.2
DTEC ALPS Disruptive Technologies ETF 0.7 50 3 3.5 -4.0
BCOR Grayscale Bitcoin Adopters ETF 0.7 59 -6 1.8 -5.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 14 7.9 +0.4
BLES Inspire Global Hope ETF 0.7 61 -8 5.7 -1.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.7 65 -12 4.2 -3.4
DFAI Dimensional International Core Equity Market ETF 0.7 18 35 5.9 -1.7
AVSD Avantis Responsible International Equity ETF 0.7 23 30 5.8 -1.7
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 23 7.7 +0.1
DISV Dimensional International Small Cap Value ETF 0.7 42 11 7.7 +0.1
DFIC Dimensional International Core Equity 2 ETF 0.7 23 30 6.1 -1.5
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 49 5.9 -1.7
IQSI IQ Candriam International Equity ETF 0.7 15 38 5.5 -2.0
IVSI Applied Finance IVS International Large ETF 0.7 65 -12 5.8 -1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -30 7.3 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.7 20 33 5.7 -1.9
VYMI Vanguard International High Dividend Yield ETF 0.7 17 36 7.6 +0.1
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 29 5.5 -2.0
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 30 7.1 -0.4
BKIE BNY Mellon International Equity ETF 0.7 4 49 17.5 +10.0
RNRG Global X Renewable Energy Producers ETF 0.6 66 -13 4.9 -2.7
PBD Invesco Global Clean Energy ETF 0.6 75 -22 0.4 -7.2
TAN Invesco Solar ETF 0.6 67 -14 5.5 -2.0
MXI iShares Global Materials ETF 0.6 41 12 5.9 -1.7
DFIS Dimensional International Small Cap ETF 0.6 39 14 6.0 -1.6
VEA Vanguard FTSE Developed Markets ETF 0.6 3 50 5.8 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 50 5.7 -1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.6 58 -5 6.4 -1.1
FRNW Fidelity Clean Energy ETF 0.6 39 14 2.1 -5.5
HEFA iShares Currency Hedged MSCI EAFE ETF 0.6 35 18 5.7 -1.9
EFA iShares MSCI EAFE ETF 0.6 35 18 5.6 -1.9
GLOF iShares Global Equity Factor ETF 0.6 20 33 5.5 -2.1
AVDE Avantis International Equity ETF 0.6 23 30 6.1 -1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.6 12 41 4.8 -2.8
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -9 3.4 -4.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 -12 7.9 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 17 5.2 -2.4
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 46 6.5 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 33 4.7 -2.9
VXUS Vanguard Total International Stock ETF 0.5 5 48 6.5 -1.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -27 3.7 -3.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.5 20 33 5.5 -2.0
SCHF Schwab International Equity ETF 0.5 6 47 5.8 -1.8
JHMD John Hancock Multifactor Developed International ETF 0.5 39 14 6.1 -1.5
NXTG First Trust Indxx NextG ETF 0.5 70 -17 3.4 -4.1
KXI iShares Global Consumer Staples ETF 0.5 41 12 5.5 -2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 23 6.2 -1.3
FRGN Horizon International Equity ETF 0.4 75 -22 7.7 +0.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 23 4.6 -2.9
AVIV Avantis International Large Cap Value ETF 0.4 25 28 6.7 -0.9
VSGX Vanguard ESG International Stock ETF 0.4 10 43 6.4 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.4 20 33 5.5 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 35 6.2 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 41 4.4 -3.1
FDRR Fidelity Dividend ETF for Rising Rates 0.4 15 38 5.5 -2.1
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 23 6.3 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 49 6.6 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 19 6.2 -1.3
INEQ Columbia International Equity Income ETF 0.3 45 8 7.5 -0.1
EFG iShares MSCI EAFE Growth ETF 0.3 36 17 3.8 -3.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.3 32 21 5.3 -2.3
JETS U.S. Global Jets ETF 0.3 60 -7 2.7 -4.9
AIRL Themes Airlines ETF 0.3 35 18 1.7 -5.9
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 43 4.9 -2.7
DTAN Sparkline International Intangible Value ETF 0.3 55 -2 7.0 -0.5
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 24 5.0 -2.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 28 5.5 -2.1
FENI Fidelity Enhanced International ETF 0.3 28 25 5.7 -1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 12 5.9 -1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 6 7.0 -0.6
OCEN IQ Clean Oceans ETF 0.3 45 8 4.6 -2.9
CUT Invesco MSCI Global Timber ETF 0.2 61 -8 8.2 +0.7
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 23 5.4 -2.1
IXP iShares Global Comm Services ETF 0.2 42 11 5.8 -1.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 11 4.0 -3.6
IXG iShares Global Financials ETF 0.2 42 11 5.8 -1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 44 4.8 -2.7
VT Vanguard Total World Stock ETF 0.2 6 47 4.9 -2.6
TTAI FCF International Quality ETF 0.2 59 -6 7.1 -0.5
IGRO iShares International Dividend Growth ETF 0.2 15 38 6.6 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 11 5.7 -1.9
TOK iShares MSCI Kokusai ETF 0.2 26 27 4.3 -3.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -5 5.3 -2.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 44 4.4 -3.2
AFK VanEck Africa Index ETF 0.1 98 -45 10.4 +2.9
URTH iShares MSCI World ETF 0.1 24 29 4.3 -3.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 23 5.1 -2.4
ACWI iShares MSCI ACWI ETF 0.1 32 21 4.6 -2.9
KNCT Invesco Next Gen Connectivity ETF 0.1 40 13 2.9 -4.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 43 8.8 +1.3
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 28 5.0 -2.6
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 43 5.9 -1.6
IFGL iShares International Developed Real Estate ETF 0.1 48 5 7.6 +0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 41 8.8 +1.3
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 23 7.0 -0.5
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 35 0.0 -7.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares MSCI Norway ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.85 CATEGORY
AVERAGE		 1.64
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.