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Finnish (OMX) Market Analysis & Valuation

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

Over the last 7 days, the market has risen 1.7%, driven by gains of 8.2% in the Information Technology sector. Meanwhile, the Energy sector has underperformed, shrinking 4.3% in that time. The market is up 38% over the last 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026€342.5b€196.3b€15.2b19.6x22.5x1.7x
Sat, 07 Mar 2026€331.5b€196.1b€15.1b19.1x21.9x1.7x
Mon, 02 Feb 2026€327.8b€197.8b€13.2b19.9x24.8x1.7x
Wed, 31 Dec 2025€322.9b€197.3b€13.4b19.4x24.1x1.6x
Fri, 28 Nov 2025€307.6b€197.1b€13.4b18.5x23x1.6x
Sun, 26 Oct 2025€305.7b€197.9b€13.2b20.1x23.2x1.5x
Tue, 23 Sep 2025€286.4b€196.1b€13.2b20.2x21.7x1.5x
Thu, 21 Aug 2025€284.5b€196.1b€13.2b20.3x21.6x1.5x
Sat, 19 Jul 2025€277.7b€196.1b€13.4b20.7x20.7x1.4x
Mon, 16 Jun 2025€272.3b€196.1b€13.5b20x20.2x1.4x
Wed, 14 May 2025€270.9b€196.1b€13.6b19.1x20x1.4x
Fri, 11 Apr 2025€239.4b€195.1b€14.6b18.2x16.4x1.2x
Sun, 09 Mar 2025€275.7b€195.4b€14.6b20.2x18.9x1.4x
Tue, 04 Feb 2025€261.8b€198.8b€15.5b18.6x16.9x1.3x
Thu, 02 Jan 2025€247.4b€199.2b€14.7b18x16.8x1.2x
Sat, 30 Nov 2024€249.6b€199.9b€14.7b17.6x17x1.2x
Mon, 28 Oct 2024€263.0b€199.4b€14.2b18.6x18.5x1.3x
Wed, 25 Sep 2024€227.9b€188.3b€9.6b18.5x23.8x1.2x
Fri, 23 Aug 2024€224.1b€188.6b€9.5b18.6x23.5x1.2x
Sun, 21 Jul 2024€217.7b€189.4b€10.1b17.8x21.6x1.1x
Tue, 18 Jun 2024€222.4b€191.0b€10.0b18.8x22.3x1.2x
Thu, 16 May 2024€230.4b€190.8b€10.0b18.2x23.1x1.2x
Sat, 13 Apr 2024€223.2b€195.5b€10.2b17.7x21.9x1.1x
Mon, 11 Mar 2024€218.9b€195.0b€10.2b16.9x21.5x1.1x
Wed, 07 Feb 2024€224.8b€198.5b€8.7b18.6x25.9x1.1x
Fri, 05 Jan 2024€230.2b€202.7b€12.9b18.9x17.9x1.1x
Sun, 03 Dec 2023€224.2b€202.6b€12.9b18.5x17.4x1.1x
Tue, 31 Oct 2023€206.5b€203.9b€11.6b17.2x17.8x1x
Thu, 28 Sep 2023€216.2b€208.3b€12.8b18.5x16.8x1x
Sat, 26 Aug 2023€219.4b€209.1b€12.9b18.8x17.1x1x
Mon, 24 Jul 2023€228.2b€210.5b€17.1b18.3x13.4x1.1x
Wed, 21 Jun 2023€235.8b€210.8b€17.3b18.9x13.6x1.1x
Fri, 19 May 2023€242.9b€211.2b€17.3b18.8x14x1.2x
Sun, 16 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 21.7x 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 Market1.67%
Tech8.17%
Real Estate2.90%
Utilities1.78%
Financials1.32%
Industrials1.27%
Healthcare0.98%
Consumer Staples0.97%
Telecom0.38%
Consumer Discretionary0.088%
Materials-0.82%
Energy-4.29%
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€8.0212.3%
+€4.9b		93.1%PE71.5xTech
NDA FI Nordea Bank Abp€15.733.3%
+€1.7b		55.5%PB1.6xFinancials
WRT1V Wärtsilä Oyj Abp€35.145.4%
+€1.1b		149.7%PE33xIndustrials
KNEBV KONE Oyj€56.863.4%
+€974.3m		19.9%PE30.1xIndustrials
METSO Metso Oyj€16.195.7%
+€728.4m		111.0%PE27.8xIndustrials
See more

Market Insights

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Latest News

SAMPO
€9.32
Sampo Oyj
7D
1.3%
1Y
14.7%

SAMPO: Buybacks And Dividend Policy Will Support Future Share Returns

Analysts have kept their price target for Sampo Oyj steady at about €10.54, with minor tweaks to inputs such as the discount rate, revenue growth outlook, profit margin and future P/E assumptions, supporting a largely unchanged valuation view. What's in the News Swedish FSA approved including Sampo’s Danish operations, formerly under Topdanmark, in the Group’s Partial Internal Model.
SCANFL
€11.52
Scanfil Oyj
7D
-2.7%
1Y
42.6%
NESTE
€25.33
Neste Oyj
7D
-5.1%
1Y
259.8%
TOKMAN
€7.28
Tokmanni Group Oyj
7D
-1.4%
1Y
-38.7%

TOKMAN: 2026 Guidance And Dividend Plans Will Frame Balanced Risk Profile

Analysts have kept their price target for Tokmanni Group Oyj steady at €7.50, pointing to only minor tweaks in their revenue growth, profit margin and forward P/E assumptions rather than a material change in the investment case. What's in the News Tokmanni has issued earnings guidance for fiscal 2026, with revenue expected in a range of €1,780m to €1,860m and comparable EBIT in a range of €85m to €105m (company guidance).
KCR
€30.78
Konecranes
7D
5.3%
1Y
88.4%

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
€71.45
Orion Oyj
7D
-0.2%
1Y
52.5%
EQV1V
€10.25
eQ Oyj
7D
-1.4%
1Y
3.4%
FORTUM
€21.78
Fortum Oyj
7D
2.2%
1Y
73.9%
WRT1V
€35.14
Wärtsilä Oyj Abp
7D
5.4%
1Y
149.7%

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.
METSO
€16.19
Metso Oyj
7D
5.7%
1Y
111.0%
AKTIA
€11.96
Aktia Pankki Oyj
7D
-7.4%
1Y
34.4%
OLVAS
€33.65
Olvi Oyj
7D
-1.8%
1Y
3.4%
KNEBV
€56.86
KONE Oyj
7D
3.4%
1Y
19.9%

KNEBV: Service And Margin Execution Outside China Will Support Upside

Analysts have lifted the fair value estimate for KONE Oyj from €70.00 to €78.00, reflecting updated views on revenue growth, profit margins, and future P/E assumptions following a mix of upgrades, initiations, and target changes across recent research reports. Analyst Commentary Recent research opinions on KONE Oyj have been mixed, but there is a clear cluster of more positive views that help explain the higher fair value estimate.
TIETO
€18.83
Tieto Oyj
7D
-0.8%
1Y
27.8%

TIETO: Delisting Plans And Flat 2026 Outlook Will Pressure Future Returns

Analysts have adjusted their price target for Tieto Oyj from €16.70 to €15.80. This change reflects updated assumptions for revenue growth, profit margin, discount rate and future P/E levels.
NOKIA
€8.02
Nokia Oyj
7D
12.3%
1Y
93.1%

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.
NDA FI
€15.73
Nordea Bank Abp
7D
3.3%
1Y
55.5%

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

Analysts have trimmed their price target for Nordea Bank Abp slightly, from €17.35 to about €17.19. The change reflects small adjustments to assumptions on fair value, revenue growth, profit margin and future P/E expectations.