iShares MSCI Norway ETF
ALTAR
Score™		 7.7% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 14.8x P/Sales
ratio		 1.5x
P/BV
ratio		 1.7x Div.
yield		 4.3%


  • 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) $67
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 12.7 %
DNB BANK ASA 11.9 %
KONGSBERG GRUPPEN 8.3 %
NORSK HYDRO ASA 6.1 %
MARINE HARVEST 4.8 %
DET NORSKE OLJESELSKAP ASA 4.6 %
YARA INTERNATIONAL ASA 4.3 %
TELENOR ASA 4.1 %
ORKLA ASA 3.8 %
STOREBRAND ASA 3.3 %
Total 64.0 %

TOP COUNTRY EXPOSURE
NORWAY 81.9 %
BRITAIN 2.7 %
BERMUDA 1.1 %
FAROE ISLANDS 1.0 %
DENMARK 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
19.7% 49.6% 10.1% 10.3% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.77 44%
MSCI EAFE 1.07 62%
MSCI Emg. Mkts. 0.86 48%

Technical Indicators
Recent close $35.26
30d moving avg. $34.31
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 71
Turnover 3.7%
Bid/Ask (% of price) 0.42%
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™: 7.7%


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
(%)
JIVE JPMorgan International Value ETF 16.5 55 -2 9.1 +1.5
EFAS Global X MSCI SuperDividend EAFE ETF 8.7 57 -4 7.7 +0.1
MOO VanEck Agribusiness ETF 8.6 53 0 8.9 +1.2
GLCR GlacierShares Nasdaq Iceland ETF 8.5 95 -42 2.9 -4.8
IDOG ALPS International Sector Dividend Dogs ETF 7.7 50 3 9.9 +2.2
VIDI Vident International Equity Strategy ETF 7.2 61 -8 9.1 +1.4
DFE WisdomTree Europe SmallCap Dividend Fund 6.3 58 -5 8.1 +0.4
FYLD Cambria Foreign Shareholder Yield ETF 5.4 59 -6 10.7 +3.0
CCNR ALPS CoreCommodity Natural Resources ETF 5.3 39 14 8.4 +0.7
FEP First Trust Europe AlphaDEX Fund 5.3 80 -27 7.5 -0.1
VEGI iShares MSCI Agriculture Producers ETF 5.3 39 14 7.6 -0.0
IVAL Alpha Architect International Quantitative Value ETF 5.0 49 4 8.2 +0.5
IEUS iShares MSCI Europe Small-Cap ETF 4.7 42 11 7.4 -0.3
FDD First Trust Stoxx European Select Dividend Index Fund 4.6 58 -5 10.8 +3.1
RCGE RockCreek Global Equality ETF 4.4 95 -42 6.6 -1.1
JHID John Hancock International High Dividend ETF 4.1 46 7 8.5 +0.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.0 70 -17 4.4 -3.3
DLS WisdomTree International SmallCap Dividend Fund 4.0 58 -5 7.9 +0.2
DTH WisdomTree International High Dividend Fund 3.7 58 -5 7.7 +0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.4 46 7 7.8 +0.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.2 65 -12 8.2 +0.6
IDLV Invesco S&P International Developed Low Volatility ETF 3.2 25 28 6.4 -1.3
FPXI First Trust International Equity Opportunities ETF 3.1 70 -17 4.6 -3.1
DIM WisdomTree International MidCap Dividend Fund 3.1 58 -5 6.7 -1.0
VWID Virtus WMC International Dividend ETF 2.8 49 4 7.8 +0.1
DWMF WisdomTree International Multifactor Fund 2.7 38 15 6.9 -0.7
SDIV Global X Superdividend ETF 2.6 58 -5 13.9 +6.2
GNR SPDR S&P Global Natural Resources ETF 2.6 40 13 8.6 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.6 29 24 7.4 -0.3
AIVI WisdomTree International AI Enhanced Value Fund 2.4 58 -5 6.8 -0.9
GCOW Pacer Global Cash Cows Dividend ETF 2.3 60 -7 9.3 +1.6
EUDV ProShares MSCI Europe Dividend Growers ETF 2.2 55 -2 6.0 -1.7
NUDM Nuveen ESG International Developed Markets Equity ETF 2.2 31 22 6.1 -1.6
SCHC Schwab International Small-Cap Equity ETF 2.1 11 42 7.1 -0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.1 80 -27 5.7 -2.0
SCZ iShares MSCI EAFE Small-Cap ETF 2.0 40 13 6.7 -1.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.0 80 -27 9.6 +1.9
QINT American Century Quality Diversified International ETF 2.0 39 14 7.2 -0.4
FTRI First Trust Indxx Global Natural Resources Income ETF 1.9 70 -17 6.6 -1.1
WWJD Inspire International ETF 1.9 80 -27 6.8 -0.9
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 -2 7.0 -0.6
BOAT SonicShares Global Shipping ETF 1.9 69 -16 21.9 +14.2
FDFF Fidelity Disruptive Finance ETF 1.8 50 3 5.8 -1.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.8 58 -5 7.8 +0.1
DFNL Davis Select Financial ETF 1.8 63 -10 8.0 +0.3
DWM WisdomTree International Equity Fund 1.7 48 5 6.0 -1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.7 40 13 6.1 -1.6
FID First Trust S&P International Dividend Aristocrats ETF 1.7 60 -7 8.3 +0.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.6 22 31 5.8 -1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 4 6.5 -1.2
AVDV Avantis International Small Cap Value ETF 1.6 36 17 8.5 +0.8
FIDI Fidelity International High Dividend ETF 1.6 18 35 7.5 -0.2
HAP VanEck Natural Resources ETF 1.6 50 3 6.9 -0.7
JPIN J.P. Morgan Diversified Return International Equity ETF 1.6 37 16 7.5 -0.2
PPIE Putnam PanAgora ESG International Equity ETF 1.6 49 4 7.0 -0.6
KNO AXS Knowledge Leaders ETF 1.6 78 -25 4.8 -2.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 8 45 6.8 -0.9
SCHY Schwab International Dividend Equity ETF 1.5 14 39 8.6 +1.0
FNDC Schwab Fundamental International Small Co. Index ETF 1.5 39 14 7.3 -0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.5 80 -27 7.4 -0.3
DOL WisdomTree International LargeCap Dividend Fund 1.5 48 5 6.2 -1.5
OAIM OneAscent International Equity ETF 1.5 95 -42 5.1 -2.6
UIVM VictoryShares International Value Momentum ETF 1.5 35 18 8.8 +1.2
TPIF Timothy Plan International ETF 1.4 62 -9 5.9 -1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.4 12 41 5.8 -1.9
FEOE First Eagle Overseas Equity ETF 1.4 79 -26 6.7 -1.0
IEUR iShares Core MSCI Europe ETF 1.3 11 42 6.9 -0.8
SPEU SPDR Portfolio Europe ETF 1.3 7 46 7.0 -0.7
AVDS Avantis International Small Cap Equity ETF 1.3 30 23 6.6 -1.1
GWX SPDR S&P International Small Cap ETF 1.3 40 13 6.3 -1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 3 6.1 -1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.3 25 28 6.9 -0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.3 20 33 6.0 -1.7
WDIV SPDR S&P Global Dividend ETF 1.2 40 13 9.6 +2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 4 5.0 -2.7
INTF iShares International Equity Factor ETF 1.2 15 38 7.0 -0.7
SNSR Global X Internet of Things ETF 1.2 68 -15 4.4 -3.3
IQDF FlexShares International Quality Dividend Index Fund 1.2 47 6 8.3 +0.6
VGK Vanguard FTSE Europe ETF 1.2 6 47 7.1 -0.5
IVSI Applied Finance IVS International LrgETF 1.1 65 -12 6.6 -1.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.1 24 29 7.3 -0.4
ICPY Tweedy, Browne International Insider Value ETF 1.1 80 -27 23.3 +15.7
IXC iShares Global Energy ETF 1.1 44 9 7.1 -0.6
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 33 6.3 -1.4
DEW WisdomTree Global High Dividend Fund 1.1 58 -5 7.6 -0.1
CIL VictoryShares International Volatility Wtd ETF 1.1 45 8 5.8 -1.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -8 1.5 -6.2
LVHI Franklin International Low Volatility High Dividend Index ET 1.1 40 13 7.8 +0.2
EUFN iShares MSCI Europe Financials ETF 1.1 51 2 8.0 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 14 7.6 -0.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.0 9 44 7.9 +0.2
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 44 7.2 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 28 8.2 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 39 5.8 -1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.0 39 14 6.6 -1.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 -3 10.4 +2.7
BLES Inspire Global Hope ETF 1.0 61 -8 6.3 -1.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.0 30 23 6.4 -1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 11 4.4 -3.2
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -9 3.2 -4.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 14 9.5 +1.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -8 -0.7 -8.4
EFV iShares MSCI EAFE Value ETF 0.9 34 19 8.2 +0.5
IDV iShares International Select Dividend ETF 0.9 51 2 9.6 +1.9
IEV iShares Europe ETF 0.9 67 -14 6.4 -1.3
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 23 8.8 +1.2
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 44 6.7 -0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.8 35 18 6.2 -1.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 6 5.2 -2.5
IEFA iShares Core MSCI EAFE ETF 0.8 7 46 6.6 -1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 28 6.6 -1.0
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -27 16.5 +8.8
DFIV Dimensional International Value ETF 0.8 27 26 8.3 +0.7
BCOR Grayscale Bitcoin Adopters ETF 0.8 59 -6 2.0 -5.7
FDEV Fidelity International Multifactor ETF 0.8 18 35 7.5 -0.2
MXI iShares Global Materials ETF 0.8 41 12 6.6 -1.1
FLEE Franklin FTSE Europe ETF 0.8 9 44 6.8 -0.8
DTAN Sparkline International Intangible Value ETF 0.8 55 -2 7.9 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.8 46 7 6.0 -1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.8 25 28 5.8 -1.9
DIHP Dimensional International High Profitability ETF 0.7 29 24 6.1 -1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 8 7.5 -0.2
DXIV Dimensional International Vector Equity ETF 0.7 34 19 7.1 -0.6
WSML iShares MSCI World Small-Cap ETF 0.7 15 38 6.0 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 49 6.5 -1.2
CZAR Themes Natural Monopoly ETF 0.7 35 18 5.5 -2.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.7 58 -5 6.8 -0.9
VYMI Vanguard International High Dividend Yield ETF 0.7 17 36 8.7 +1.0
PBD Invesco Global Clean Energy ETF 0.7 75 -22 0.4 -7.3
TAN Invesco Solar ETF 0.7 67 -14 4.5 -3.2
RNRG Global X Renewable Energy Producers ETF 0.7 66 -13 4.6 -3.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.7 12 41 5.5 -2.2
IQLT iShares MSCI Intl Quality Factor ETF 0.7 30 23 5.9 -1.8
DISV Dimensional International Small Cap Value ETF 0.7 42 11 8.9 +1.2
IQSI IQ Candriam International Equity ETF 0.7 15 38 6.1 -1.6
DFAI Dimensional International Core Equity Market ETF 0.7 18 35 6.5 -1.2
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 30 7.8 +0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -30 8.3 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 50 6.4 -1.2
DFIC Dimensional International Core Equity 2 ETF 0.6 23 30 6.7 -1.0
FRNW Fidelity Clean Energy ETF 0.6 39 14 2.0 -5.7
DFIS Dimensional International Small Cap ETF 0.6 39 14 6.7 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.6 20 33 6.4 -1.3
NXTG First Trust Indxx NextG ETF 0.6 70 -17 4.9 -2.8
EFA iShares MSCI EAFE ETF 0.6 35 18 6.2 -1.4
VEA Vanguard FTSE Developed Markets ETF 0.6 3 50 6.6 -1.1
AVSD Avantis Responsible International Equity ETF 0.6 23 30 6.5 -1.1
OCEN IQ Clean Oceans ETF 0.6 45 8 4.5 -3.2
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 29 6.1 -1.6
SHPP Pacer Industrials and Logistics ETF 0.6 60 -7 7.5 -0.1
BKIE BNY Mellon International Equity ETF 0.6 4 49 6.5 -1.2
ROBO ROBO Global Robotics & Automation Index ETF 0.6 95 -42 2.9 -4.7
DTEC ALPS Disruptive Technologies ETF 0.6 50 3 3.9 -3.8
IBOT Vaneck Robotics ETF 0.6 47 6 3.9 -3.8
BOTZ Global X Robotics & Artificial Intelligence ETF 0.6 69 -16 2.1 -5.6
GLOF iShares Global Equity Factor ETF 0.5 20 33 6.2 -1.5
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 28 5.7 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 33 5.2 -2.4
AVDE Avantis International Equity ETF 0.5 23 30 6.7 -0.9
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 46 7.2 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 17 5.9 -1.8
KXI iShares Global Consumer Staples ETF 0.5 41 12 5.4 -2.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.5 20 33 6.1 -1.6
SCHF Schwab International Equity ETF 0.5 6 47 6.6 -1.1
AVIV Avantis International Large Cap Value ETF 0.5 25 28 7.5 -0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.5 20 33 6.3 -1.4
VSGX Vanguard ESG International Stock ETF 0.5 10 43 7.4 -0.3
VXUS Vanguard Total International Stock ETF 0.5 5 48 7.3 -0.4
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 23 7.1 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 23 7.0 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 24 6.0 -1.7
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -36 4.9 -2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 6 8.2 +0.5
JHMD John Hancock Multifactor Developed International ETF 0.4 39 14 6.7 -1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 41 4.9 -2.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -8 7.0 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 19 7.0 -0.7
FRGN Horizon International Equity ETF 0.4 75 -22 8.9 +1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 35 7.0 -0.7
AIRL Themes Airlines ETF 0.3 35 18 1.6 -6.1
JETS U.S. Global Jets ETF 0.3 60 -7 2.9 -4.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 49 7.4 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 19 5.5 -2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 12 6.7 -1.0
CUT Invesco MSCI Global Timber ETF 0.3 61 -8 8.6 +0.9
FIVA Fidelity International Value Factor ETF 0.3 18 35 8.2 +0.5
EFG iShares MSCI EAFE Growth ETF 0.3 36 17 4.1 -3.5
IXP iShares Global Comm Services ETF 0.2 42 11 5.7 -1.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 11 4.6 -3.0
FENI Fidelity Enhanced International ETF 0.2 28 25 6.3 -1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 44 5.4 -2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -5 5.8 -1.8
IXG iShares Global Financials ETF 0.2 42 11 6.8 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 11 6.2 -1.5
VT Vanguard Total World Stock ETF 0.2 6 47 5.5 -2.1
TOK iShares MSCI Kokusai ETF 0.2 26 27 4.7 -3.0
TTAI FCF International Quality ETF 0.2 59 -6 6.6 -1.1
AFK VanEck Africa Index ETF 0.2 98 -45 11.7 +4.0
URTH iShares MSCI World ETF 0.2 24 29 4.8 -2.9
KNCT Invesco Next Gen Connectivity ETF 0.2 40 13 4.0 -3.7
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 23 5.5 -2.2
ACWI iShares MSCI ACWI ETF 0.1 32 21 5.2 -2.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 44 4.8 -2.8
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 29 6.3 -1.3
IGRO iShares International Dividend Growth ETF 0.1 15 38 7.2 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 43 5.5 -2.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 43 8.5 +0.8
IFGL iShares International Developed Real Estate ETF 0.1 48 5 7.4 -0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 41 8.7 +1.0
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 43 6.5 -1.2
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 23 7.2 -0.5
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 35 0.0 -7.7

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%.

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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

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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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

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 7.7 %
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.