Oslo Stock Exchange (Oslo Børs) · Euronext Expand (Oslo) · below €300M
Norwegian Microcap Stocks Screener
Screen Norwegian microcap stocks below NOK 3B (~€300M) on Oslo Børs — shipping, aquaculture, and energy services companies that exist nowhere else in European equities.
What makes Norway microcaps worth screening
- Oslo Børs lists microcap companies in sectors that do not exist at this scale elsewhere in Europe — salmon farming licences, offshore supply vessels, and specialised shipping services are barriers to entry that protect margins even at micro scale
- Norwegian aquaculture microcaps have structural moats: salmon farming licences are government-controlled and finite, biological expertise takes years to develop, and logistics infrastructure is capital-intensive
- Oil and gas services microcaps provide leveraged exposure to global energy spending — high operating leverage with asset-light business models that amplify returns in energy upcycles
- Norwegian-language filings and a concentrated domestic analyst base mean most Oslo Børs microcaps are followed by one or zero international institutions outside specialist energy and shipping funds
Where Norway microcaps are listed
Euronext Expand (Oslo)
Part of Oslo Stock Exchange (Oslo Børs). Most Norway companies below €300M market cap are listed on this alternative or growth segment — lighter listing requirements, same exchange oversight, and NOK-denominated trading.
Exchange code in ScreenerHero: OSL
How to screen Norway microcap stocks
1. Set exchange + market cap
Select OSL in the exchange filter. Set market cap maximum to €300M (or the NOK equivalent — equivalent in your target range). Sort by market cap ascending to start from the smallest names.
2. Apply quality filters
Add ROE > 8% and positive profit margin to filter the profitable subset of the microcap universe. Debt/equity below 1.5 removes overleveraged names. This combination narrows the universe to companies worth deeper analysis.
3. Find the cheapest
Sort by P/E or EV/EBITDA ascending within your quality-filtered list. Click any result to open the full instrument page — price history, fundamentals breakdown, and upcoming events.
Screen Norway microcap stocks now
Filter by P/E, ROE, EV/EBITDA, margins, beta, and dividend yield across all Oslo Stock Exchange (Oslo Børs) listings below €300M. Free, no account needed.
Common questions
What is Euronext Expand and how does it differ from Oslo Børs main market?
Euronext Expand (formerly Oslo Axess) is Oslo's market for smaller companies that do not yet meet the full requirements of the Oslo Børs main market. It lists companies with simplified governance requirements and is the primary venue for Norwegian microcaps below NOK 1B market cap.
What makes Norwegian microcaps unique compared to other European markets?
Norway has a concentration of sectors — salmon farming, offshore services, specialised shipping — that simply do not exist in other European microcap universes. These are globally competitive businesses with high barriers to entry. Oslo Børs microcaps in these sectors give access to structural growth trends (protein demand, energy services capex) that are difficult to access through any other listed market.
How do I screen Norwegian microcap stocks in ScreenerHero?
Select OSL in the exchange filter and set market cap maximum to approximately NOK 3,000M (€300M equivalent). For aquaculture and shipping, use the sector filter to narrow to specific industries. ROE and profit margin filters work well for Norwegian microcaps — the profitable segment of this market tends to have strong return profiles.
Can I screen Norway microcaps alongside other European markets?
Yes — the ScreenerHero screener lets you select multiple exchanges simultaneously. Combine OSL with other European exchanges and apply the same market cap maximum to run cross-country microcap screens with identical fundamental filters.
Related screeners
Other country microcap screeners:
Norway microcaps. Screened in seconds.
The Oslo Stock Exchange (Oslo Børs) companies below €300M that major screeners miss. Dense tables, fast filters, all active listings — including the ones with no analyst coverage. Free, no account needed. Premium at €25/mo adds alerts and exports.