iShares MSCI Norway ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 15.2x 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) $138
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 13.2 %
DNB BANK ASA 12.0 %
KONGSBERG GRUPPEN 8.1 %
NORSK HYDRO ASA 6.6 %
DET NORSKE OLJESELSKAP ASA 4.7 %
MARINE HARVEST 4.5 %
YARA INTERNATIONAL ASA 4.0 %
TELENOR ASA 3.8 %
ORKLA ASA 3.8 %
STOREBRAND ASA 3.2 %
Total 63.8 %

TOP COUNTRY EXPOSURE
NORWAY 82.9 %
BRITAIN 3.1 %
BERMUDA 1.1 %
FAROE ISLANDS 1.0 %
DENMARK 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
28.4% 46.7% 10.3% 10.3% 5.9%

Market Correlations
versus... Beta R-squared
S&P500 0.78 41%
MSCI EAFE 0.93 51%
MSCI Emg. Mkts. 0.70 37%

Technical Indicators
Recent close $36.35
30d moving avg. $35.88
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 237
Turnover 6.2%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $220

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 215 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
(%)
JIVE JPMorgan International Value ETF 16.4 55 -2 8.4 +1.0
EFAS Global X MSCI SuperDividend EAFE ETF 8.9 57 -4 7.3 -0.2
MOO VanEck Agribusiness ETF 8.7 53 0 8.6 +1.2
GLCR GlacierShares Nasdaq Iceland ETF 8.3 95 -42 2.7 -4.8
DFE WisdomTree Europe SmallCap Dividend Fund 7.4 58 -5 7.4 -0.1
VIDI Vident International Equity Strategy ETF 7.2 61 -8 8.3 +0.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.3 70 -17 3.9 -3.6
FYLD Cambria Foreign Shareholder Yield ETF 6.3 59 -6 10.2 +2.7
IDOG ALPS International Sector Dividend Dogs ETF 6.1 50 3 9.2 +1.7
CCNR ALPS CoreCommodity Natural Resources ETF 5.2 39 14 8.0 +0.6
FEP First Trust Europe AlphaDEX Fund 5.2 80 -27 6.8 -0.7
VEGI iShares MSCI Agriculture Producers ETF 5.2 39 14 7.3 -0.1
IEUS iShares MSCI Europe Small-Cap ETF 4.9 42 11 6.6 -0.9
DTH WisdomTree International High Dividend Fund 4.9 58 -5 7.3 -0.2
DLS WisdomTree International SmallCap Dividend Fund 4.8 58 -5 7.4 -0.1
FDD First Trust Stoxx European Select Dividend Index Fund 4.6 58 -5 9.8 +2.3
IDV iShares International Select Dividend ETF 4.5 51 2 9.0 +1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.3 56 -3 9.7 +2.2
JHID John Hancock International High Dividend ETF 4.1 46 7 7.9 +0.5
IVAL Alpha Architect International Quantitative Value ETF 3.6 49 4 7.7 +0.2
RCGE RockCreek Global Equality ETF 3.6 95 -42 6.0 -1.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.5 65 -12 7.8 +0.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.4 46 7 7.4 -0.0
DIM WisdomTree International MidCap Dividend Fund 3.3 58 -5 6.2 -1.2
IDLV Invesco S&P International Developed Low Volatility ETF 3.2 25 28 6.2 -1.3
DSTX Distillate International Fundamental Stability & Value ETF 3.0 55 -2 6.4 -1.0
DWMF WisdomTree International Multifactor Fund 2.8 38 15 6.7 -0.8
SDIV Global X Superdividend ETF 2.8 58 -5 13.0 +5.5
VWID Virtus WMC International Dividend ETF 2.8 49 4 7.2 -0.2
GNR SPDR S&P Global Natural Resources ETF 2.6 40 13 8.2 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.6 29 24 7.0 -0.5
GCOW Pacer Global Cash Cows Dividend ETF 2.5 60 -7 9.2 +1.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.4 80 -27 8.9 +1.5
SCHC Schwab International Small-Cap Equity ETF 2.3 11 42 6.5 -1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.2 40 13 5.7 -1.8
DWM WisdomTree International Equity Fund 2.2 48 5 5.6 -1.8
EUDV ProShares MSCI Europe Dividend Growers ETF 2.2 55 -2 5.5 -2.0
NUDM Nuveen ESG International Developed Markets Equity ETF 2.2 31 22 5.6 -1.9
SCZ iShares MSCI EAFE Small-Cap ETF 2.1 40 13 6.1 -1.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.1 80 -27 5.4 -2.1
FTRI First Trust Indxx Global Natural Resources Income ETF 2.1 70 -17 6.2 -1.3
DOL WisdomTree International LargeCap Dividend Fund 2.0 48 5 5.8 -1.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.0 58 -5 7.2 -0.3
QINT American Century Quality Diversified International ETF 2.0 39 14 6.6 -0.9
BOAT SonicShares Global Shipping ETF 1.9 69 -16 21.8 +14.3
WWJD Inspire International ETF 1.9 80 -27 6.1 -1.3
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 -5 6.2 -1.2
FID First Trust S&P International Dividend Aristocrats ETF 1.8 60 -7 7.9 +0.4
FDFF Fidelity Disruptive Finance ETF 1.8 50 3 5.2 -2.3
DFNL Davis Select Financial ETF 1.8 63 -10 7.3 -0.2
FPXI First Trust International Equity Opportunities ETF 1.8 70 -17 3.9 -3.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.7 22 31 5.6 -1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 4 6.0 -1.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 8 45 6.2 -1.3
AVDV Avantis International Small Cap Value ETF 1.6 36 17 7.7 +0.3
FIDI Fidelity International High Dividend ETF 1.6 18 35 7.2 -0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.6 42 11 4.0 -3.4
JPIN J.P. Morgan Diversified Return International Equity ETF 1.6 37 16 7.1 -0.4
PPIE Putnam PanAgora ESG International Equity ETF 1.6 49 4 6.5 -1.0
HAP VanEck Natural Resources ETF 1.6 50 3 6.6 -0.9
KNO AXS Knowledge Leaders ETF 1.6 78 -25 4.4 -3.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.5 80 -27 6.8 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 1.5 39 14 6.7 -0.7
SCHY Schwab International Dividend Equity ETF 1.5 14 39 8.3 +0.8
OAIM OneAscent International Equity ETF 1.5 95 -42 4.6 -2.9
DEW WisdomTree Global High Dividend Fund 1.5 58 -5 7.4 -0.1
UIVM VictoryShares International Value Momentum ETF 1.5 35 18 8.3 +0.8
GWX SPDR S&P International Small Cap ETF 1.4 40 13 5.8 -1.7
FEOE First Eagle Overseas Equity ETF 1.4 79 -26 6.2 -1.2
AVDS Avantis International Small Cap Equity ETF 1.4 30 23 6.0 -1.5
TPIF Timothy Plan International ETF 1.4 62 -9 5.5 -1.9
IEUR iShares Core MSCI Europe ETF 1.4 11 42 6.3 -1.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.4 12 41 5.3 -2.2
SPEU SPDR Portfolio Europe ETF 1.4 7 46 6.5 -1.0
WDIV SPDR S&P Global Dividend ETF 1.4 40 13 9.2 +1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 3 5.6 -1.8
SNSR Global X Internet of Things ETF 1.3 68 -15 3.7 -3.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.3 25 28 6.3 -1.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.3 20 33 5.6 -1.9
VGK Vanguard FTSE Europe ETF 1.2 6 47 6.5 -0.9
IMOM Alpha Architect International Quantitative Momentum ETF 1.2 49 4 4.1 -3.3
IQDF FlexShares International Quality Dividend Index Fund 1.2 47 6 7.7 +0.2
IXC iShares Global Energy ETF 1.2 44 9 7.4 -0.1
ICPY Tweedy, Browne International Insider Value ETF 1.2 80 -27 21.9 +14.4
INTF iShares International Equity Factor ETF 1.2 15 38 6.5 -1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 4 4.5 -3.0
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 33 5.8 -1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.1 24 29 6.8 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 1.1 25 28 7.6 +0.1
CIL VictoryShares International Volatility Wtd ETF 1.1 45 8 5.8 -1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 14 7.0 -0.5
LVHI Franklin International Low Volatility High Dividend Index ET 1.1 40 13 7.6 +0.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.0 9 44 7.6 +0.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 -8 1.5 -6.0
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 44 6.6 -0.8
EUFN iShares MSCI Europe Financials ETF 1.0 51 2 7.0 -0.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.0 30 23 6.1 -1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 39 5.4 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.0 39 14 6.2 -1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 14 7.9 +0.5
BLES Inspire Global Hope ETF 1.0 61 -8 5.7 -1.7
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -9 2.9 -4.5
IEV iShares Europe ETF 0.9 67 -14 5.8 -1.6
EFV iShares MSCI EAFE Value ETF 0.9 34 19 7.6 +0.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -8 -0.7 -8.2
DFIV Dimensional International Value ETF 0.9 27 26 7.8 +0.4
IVLU iShares MSCI Intl Value Factor ETF 0.9 30 23 8.2 +0.7
IEFA iShares Core MSCI EAFE ETF 0.8 7 46 6.1 -1.4
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 44 6.2 -1.3
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -27 15.1 +7.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 6 4.8 -2.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.8 35 18 5.7 -1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 28 6.2 -1.3
DXIV Dimensional International Vector Equity ETF 0.8 34 19 6.6 -0.9
BCOR Grayscale Bitcoin Adopters ETF 0.8 59 -6 1.7 -5.8
MXI iShares Global Materials ETF 0.8 41 12 5.8 -1.7
FDEV Fidelity International Multifactor ETF 0.8 18 35 7.1 -0.4
FLEE Franklin FTSE Europe ETF 0.8 9 44 6.3 -1.2
DIHP Dimensional International High Profitability ETF 0.8 29 24 5.7 -1.7
WSML iShares MSCI World Small-Cap ETF 0.8 15 38 5.4 -2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.8 46 7 5.6 -1.9
CZAR Themes Natural Monopoly ETF 0.8 35 18 5.3 -2.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.8 25 28 5.5 -2.0
PBD Invesco Global Clean Energy ETF 0.8 75 -22 0.2 -7.2
TAN Invesco Solar ETF 0.8 67 -14 4.5 -2.9
RNRG Global X Renewable Energy Producers ETF 0.8 66 -13 4.3 -3.2
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 49 6.0 -1.4
DISV Dimensional International Small Cap Value ETF 0.7 42 11 8.2 +0.7
DFAI Dimensional International Core Equity Market ETF 0.7 18 35 6.0 -1.4
IVSI Applied Finance IVS International LrgETF 0.7 65 -12 6.1 -1.4
DFIC Dimensional International Core Equity 2 ETF 0.7 23 30 6.2 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 8 6.9 -0.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.7 65 -12 4.0 -3.4
VYMI Vanguard International High Dividend Yield ETF 0.7 17 36 8.0 +0.6
IQLT iShares MSCI Intl Quality Factor ETF 0.7 30 23 5.4 -2.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -30 7.7 +0.2
DFIS Dimensional International Small Cap ETF 0.7 39 14 6.1 -1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.7 12 41 5.0 -2.5
IQSI IQ Candriam International Equity ETF 0.7 15 38 5.6 -1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.7 58 -5 6.4 -1.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 50 5.9 -1.5
DTAN Sparkline International Intangible Value ETF 0.7 55 -2 7.2 -0.3
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 29 5.6 -1.9
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 30 7.2 -0.3
VEA Vanguard FTSE Developed Markets ETF 0.6 3 50 6.0 -1.4
EFA iShares MSCI EAFE ETF 0.6 35 18 5.8 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.6 20 33 5.9 -1.6
FRNW Fidelity Clean Energy ETF 0.6 39 14 1.9 -5.6
SHPP Pacer Industrials and Logistics ETF 0.6 60 -7 6.9 -0.6
AVSD Avantis Responsible International Equity ETF 0.6 23 30 5.9 -1.5
OCEN IQ Clean Oceans ETF 0.6 45 8 4.5 -2.9
NXTG First Trust Indxx NextG ETF 0.6 70 -17 4.2 -3.3
BKIE BNY Mellon International Equity ETF 0.6 4 49 6.0 -1.4
GLOF iShares Global Equity Factor ETF 0.5 20 33 5.7 -1.8
KXI iShares Global Consumer Staples ETF 0.5 41 12 5.3 -2.1
ROBO ROBO Global Robotics & Automation Index ETF 0.5 95 -42 2.5 -5.0
DTEC ALPS Disruptive Technologies ETF 0.5 50 3 3.7 -3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 -12 1.5 -5.9
IBOT Vaneck Robotics ETF 0.5 47 6 3.4 -4.0
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 -16 1.9 -5.6
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 46 6.6 -0.8
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 28 5.2 -2.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 33 4.8 -2.6
AVDE Avantis International Equity ETF 0.5 23 30 6.2 -1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 17 5.5 -2.0
SCHF Schwab International Equity ETF 0.5 6 47 6.1 -1.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.5 20 33 5.6 -1.9
VXUS Vanguard Total International Stock ETF 0.5 5 48 6.7 -0.8
AVIV Avantis International Large Cap Value ETF 0.5 25 28 7.0 -0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.5 20 33 5.8 -1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 23 6.4 -1.1
VSGX Vanguard ESG International Stock ETF 0.5 10 43 6.7 -0.8
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 23 6.5 -1.0
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 24 5.5 -2.0
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -36 4.5 -3.0
FRGN Horizon International Equity ETF 0.4 75 -22 8.1 +0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 6 7.4 -0.1
JHMD John Hancock Multifactor Developed International ETF 0.4 39 14 6.2 -1.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 19 6.4 -1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 41 4.5 -3.0
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -8 6.3 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 35 6.4 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 49 6.8 -0.7
AIRL Themes Airlines ETF 0.3 35 18 1.6 -5.9
JETS U.S. Global Jets ETF 0.3 60 -7 2.6 -4.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 19 5.2 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 12 6.1 -1.3
IXP iShares Global Comm Services ETF 0.3 42 11 5.5 -2.0
EFG iShares MSCI EAFE Growth ETF 0.3 36 17 3.8 -3.7
FIVA Fidelity International Value Factor ETF 0.3 18 35 7.5 +0.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 11 4.3 -3.2
CUT Invesco MSCI Global Timber ETF 0.2 61 -8 8.1 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 44 4.9 -2.5
FENI Fidelity Enhanced International ETF 0.2 28 25 5.9 -1.6
IXG iShares Global Financials ETF 0.2 42 11 6.2 -1.2
VT Vanguard Total World Stock ETF 0.2 6 47 5.1 -2.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 11 5.7 -1.8
TOK iShares MSCI Kokusai ETF 0.2 26 27 4.4 -3.1
AFK VanEck Africa Index ETF 0.2 98 -45 10.4 +2.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -5 5.4 -2.1
TTAI FCF International Quality ETF 0.2 59 -6 6.7 -0.8
URTH iShares MSCI World ETF 0.2 24 29 4.4 -3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 23 5.2 -2.3
KNCT Invesco Next Gen Connectivity ETF 0.2 40 13 3.5 -3.9
IFGL iShares International Developed Real Estate ETF 0.1 48 5 6.9 -0.5
ACWI iShares MSCI ACWI ETF 0.1 32 21 4.8 -2.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 44 4.5 -3.0
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 29 5.9 -1.6
IGRO iShares International Dividend Growth ETF 0.1 15 38 6.7 -0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 41 8.2 +0.7
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 43 5.1 -2.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 43 8.0 +0.6
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 43 6.1 -1.4
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 23 6.7 -0.7
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 1.8 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.