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Finnish (OMX) Market Analysis & Valuation

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies173
  • 7D1.7%
  • 3M0.5%
  • 1Y38.2%
  • YTD2.0%

The Information Technology sector has led the market, which has gained 2.7%. The market is up 42% over the last 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Trending IndustriesSoftware

Market Valuation and Performance

Has the Finnish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026€330.7b€196.3b€15.2b19.2x21.7x1.7x
Fri, 06 Mar 2026€333.5b€196.1b€15.1b19.2x22x1.7x
Sun, 01 Feb 2026€327.9b€197.8b€13.2b19.9x24.8x1.7x
Tue, 30 Dec 2025€320.7b€197.3b€13.4b19.3x24x1.6x
Thu, 27 Nov 2025€306.1b€197.1b€13.4b18.3x22.9x1.6x
Sat, 25 Oct 2025€305.7b€198.1b€13.2b20.1x23.1x1.5x
Mon, 22 Sep 2025€286.9b€196.1b€13.2b20x21.7x1.5x
Wed, 20 Aug 2025€284.2b€196.1b€13.2b20.5x21.6x1.4x
Fri, 18 Jul 2025€277.6b€196.2b€13.5b20.3x20.6x1.4x
Sun, 15 Jun 2025€272.3b€196.1b€13.5b20x20.2x1.4x
Tue, 13 May 2025€270.5b€196.1b€13.6b19.7x19.9x1.4x
Thu, 10 Apr 2025€231.2b€195.1b€14.6b17.5x15.8x1.2x
Sat, 08 Mar 2025€275.7b€195.4b€14.6b20.2x18.9x1.4x
Mon, 03 Feb 2025€261.8b€198.8b€15.5b18.3x16.9x1.3x
Wed, 01 Jan 2025€247.4b€199.2b€14.7b18x16.8x1.2x
Fri, 29 Nov 2024€249.5b€199.9b€14.7b17.7x17x1.2x
Sun, 27 Oct 2024€263.0b€199.4b€14.2b18.6x18.5x1.3x
Tue, 24 Sep 2024€224.0b€188.3b€9.6b18.5x23.4x1.2x
Thu, 22 Aug 2024€224.1b€188.6b€9.5b18.8x23.5x1.2x
Sat, 20 Jul 2024€217.7b€189.4b€10.2b17.8x21.3x1.1x
Mon, 17 Jun 2024€222.3b€191.0b€10.0b18.7x22.3x1.2x
Wed, 15 May 2024€231.6b€190.8b€10.0b18x23.2x1.2x
Fri, 12 Apr 2024€224.1b€195.5b€10.2b17.5x21.9x1.1x
Sun, 10 Mar 2024€218.9b€195.0b€10.2b16.9x21.5x1.1x
Tue, 06 Feb 2024€223.8b€199.2b€9.6b18.6x23.4x1.1x
Thu, 04 Jan 2024€227.3b€202.7b€12.9b18.9x17.7x1.1x
Sat, 02 Dec 2023€224.2b€202.6b€12.9b18.5x17.4x1.1x
Mon, 30 Oct 2023€206.5b€204.0b€11.6b17.2x17.8x1x
Wed, 27 Sep 2023€216.8b€208.3b€12.8b18.5x16.9x1x
Fri, 25 Aug 2023€219.1b€209.1b€12.9b18.5x17x1x
Sun, 23 Jul 2023€228.2b€210.5b€17.1b18.3x13.4x1.1x
Tue, 20 Jun 2023€240.4b€210.8b€17.3b18.9x13.9x1.1x
Thu, 18 May 2023€242.9b€211.2b€17.3b18.8x14x1.2x
Sat, 15 Apr 2023€252.0b€208.8b€16.9b19.4x14.9x1.2x
Price to Earnings Ratio

14.9x


Total Market Cap: €252.0bTotal Earnings: €16.9bTotal Revenue: €208.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Market Price to Earnings3Y Average 19.7x202420252026
Current Market PE
  • Investors are optimistic on the Finnish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.9x which is higher than its 3-year average PE of 19.7x.
Past Earnings Growth
  • The earnings for companies in the Finnish industry have declined 3.4% per year over the last three years.
  • Revenues have also declined 2.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Finnish Market?

FI Market2.66%
Tech5.52%
Real Estate4.56%
Utilities4.48%
Healthcare4.01%
Financials2.82%
Industrials2.42%
Consumer Discretionary2.39%
Materials1.47%
Consumer Staples0.74%
Telecom-1.00%
Energy-1.70%
Sector PE
  • Investors favour the Energy sector the most for future growth which is trading above its 3-year average PE ratio.
    • This is likely because analysts are expecting annual earnings growth of 26.2% and investors are willing to pay a premium for that growth.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 1.9% per year.
  • In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
NOKIA Nokia Oyj€7.4810.0%
+€3.8b		71.0%PE66.6xTech
NDA FI Nordea Bank Abp€14.972.0%
+€989.7m		43.5%PB1.6xFinancials
WRT1V Wärtsilä Oyj Abp€32.562.7%
+€500.2m		121.6%PE30.6xIndustrials
FORTUM Fortum Oyj€22.271.8%
+€349.9m		73.0%PE26.1xUtilities
ORNBV Orion Oyj€70.801.6%
+€154.8m		40.1%PE19.9xHealthcare
See more

Market Insights

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Latest News

NESTE
€26.75
Neste Oyj
7D
-4.3%
1Y
270.7%
KCR
€28.52
Konecranes
7D
2.1%
1Y
66.0%

KCR: Ecolifting Orders And Dividend Support Will Shape A Balanced Outlook

The analyst price target for Konecranes has been revised from €96 to €32. Analysts attribute this change to updated fair value estimates, a slightly higher discount rate, and modest adjustments to revenue growth, profit margin and future P/E assumptions supporting the new view.
ORNBV
€70.80
Orion Oyj
7D
1.6%
1Y
40.1%
UPM
€26.41
UPM-Kymmene Oyj
7D
-1.5%
1Y
14.6%
WRT1V
€32.56
Wärtsilä Oyj Abp
7D
2.7%
1Y
121.6%

WRT1V: Future Earnings Will Likely Struggle To Support Elevated Dividend Commitments

Analysts have lifted the fair value estimate for Wärtsilä Oyj Abp from about €16.00 to roughly €17.21, reflecting updated assumptions on revenue growth, profit margin and future P/E multiples in light of recent price target revisions and mixed rating changes across the Street. Analyst Commentary Recent Street research on Wärtsilä Oyj Abp has sent mixed messages, with some firms lifting price targets while others have shifted to a more cautious stance.
ALBAV
€53.00
Ålandsbanken Abp
7D
-1.9%
1Y
43.6%
METSO
€14.87
Metso Oyj
7D
0.9%
1Y
86.9%
STERV
€9.90
Stora Enso Oyj
7D
-1.6%
1Y
28.3%

STERV: Higher Margin Assumptions Will Support Upside Under Refined Earnings Expectations

Analyst price targets for Stora Enso Oyj have shifted higher toward about €11.74. The change reflects updated views on slightly lower revenue growth expectations, a small uplift in profit margin assumptions, a modest tweak to future P/E estimates, and a series of recent target increases from banks that maintain generally neutral stances on the shares.
AKTIA
€11.76
Aktia Pankki Oyj
7D
-6.2%
1Y
25.8%
OLVAS
€33.00
Olvi Oyj
7D
-3.1%
1Y
-0.3%
FORTUM
€22.27
Fortum Oyj
7D
1.8%
1Y
73.0%
PIHLIS
€11.80
Pihlajalinna Oyj
7D
-8.5%
1Y
-9.2%
MANTA
€7.08
Mandatum Oyj
7D
2.8%
1Y
30.6%

MANTA: Dividend Hike And Share Offering Will Conceal Weakening Revenue Outlook

Analysts have slightly adjusted their price target on Mandatum Oyj to €5.00, reflecting updated assumptions on revenue trends, profit margins and forward P/E, while keeping their overall valuation view broadly unchanged. What's in the News Mandatum Oyj has filed a follow-on equity offering of 35,000,000 common shares under Regulation S, with a subsequent direct listing planned (Key Developments).
NOKIA
€7.48
Nokia Oyj
7D
10.0%
1Y
71.0%

NOKIA: AI And Cloud Alliances Will Support Future Earnings Rebound Narrative

Analysts have lifted the fair value estimate for Nokia Oyj from €7.20 to €8.80, reflecting updated assumptions for slightly higher revenue growth, profit margins and future P/E, alongside a series of recent target hikes and mixed rating changes across the Street. Analyst Commentary Recent Street research on Nokia Oyj has been mixed, with several downgrades on ratings but also a clear cluster of higher fair value and price targets from bullish analysts.
METSB
€2.92
Metsä Board Oyj
7D
-3.4%
1Y
-9.4%

METSB: Packaging Service Expansion And Dividend Pause Will Shape Fairly Valued Outlook

Analysts have adjusted their price target on Metsä Board Oyj to €2.80. The change is framed around slightly updated assumptions for the discount rate, revenue growth and future P/E, which collectively refine, rather than overhaul, their view of the shares.
NDA FI
€14.97
Nordea Bank Abp
7D
2.0%
1Y
43.5%

NDA FI: Dividend Policy And Arctic Financing Stance Will Support Bullish Outlook

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