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Finnish (OMX) Market Analysis & Valuation

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies173
  • 7D0.6%
  • 3M11.1%
  • 1Y23.2%
  • YTD5.3%

The market has stayed flat over the 7 days. More promisingly, the market is up 23% over the past year. 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
Fri, 27 Feb 2026€339.4b€196.5b€15.1b19.3x22.5x1.7x
Sun, 25 Jan 2026€331.7b€197.7b€13.4b19.9x24.7x1.7x
Tue, 23 Dec 2025€317.4b€197.3b€13.4b19.1x23.7x1.6x
Thu, 20 Nov 2025€298.8b€197.1b€13.4b18.7x22.3x1.5x
Sat, 18 Oct 2025€293.0b€197.6b€13.2b19.9x22.1x1.5x
Mon, 15 Sep 2025€289.5b€196.1b€13.2b20.7x21.9x1.5x
Wed, 13 Aug 2025€280.8b€196.5b€13.3b20.2x21.1x1.4x
Fri, 11 Jul 2025€281.4b€196.1b€13.5b20.5x20.8x1.4x
Sun, 08 Jun 2025€275.0b€196.1b€13.5b20.3x20.4x1.4x
Tue, 06 May 2025€264.4b€196.0b€13.7b19.9x19.4x1.3x
Thu, 03 Apr 2025€260.2b€195.1b€14.6b19.1x17.8x1.3x
Sat, 01 Mar 2025€272.1b€195.5b€14.7b19.7x18.6x1.4x
Mon, 27 Jan 2025€258.9b€199.2b€14.7b18x17.6x1.3x
Wed, 25 Dec 2024€243.7b€199.2b€14.7b17.5x16.5x1.2x
Fri, 22 Nov 2024€248.8b€199.8b€14.7b18x16.9x1.2x
Sun, 20 Oct 2024€267.2b€199.7b€14.6b18.2x18.3x1.3x
Tue, 17 Sep 2024€220.4b€188.3b€9.6b18.3x23.1x1.2x
Thu, 15 Aug 2024€219.6b€188.7b€9.9b18.3x22.3x1.2x
Sat, 13 Jul 2024€222.3b€190.3b€10.1b18.3x22x1.2x
Mon, 10 Jun 2024€227.5b€191.0b€10.0b18.9x22.8x1.2x
Wed, 08 May 2024€225.2b€190.4b€9.9b17.9x22.9x1.2x
Fri, 05 Apr 2024€223.0b€195.5b€10.2b17.6x21.8x1.1x
Sun, 03 Mar 2024€219.7b€195.0b€10.2b17.1x21.6x1.1x
Tue, 30 Jan 2024€231.3b€200.9b€9.7b18.6x23.9x1.2x
Thu, 28 Dec 2023€229.8b€202.7b€12.9b18.6x17.9x1.1x
Sat, 25 Nov 2023€220.6b€202.6b€12.9b18.1x17.1x1.1x
Mon, 23 Oct 2023€204.4b€207.1b€12.3b17.8x16.6x1x
Wed, 20 Sep 2023€225.0b€209.1b€12.8b18.9x17.5x1.1x
Fri, 18 Aug 2023€218.7b€209.0b€12.9b19.1x17x1x
Sun, 16 Jul 2023€228.4b€210.9b€17.3b18.3x13.2x1.1x
Tue, 13 Jun 2023€241.6b€210.8b€17.3b19.4x14x1.1x
Thu, 11 May 2023€247.6b€210.8b€16.8b19.6x14.8x1.2x
Sat, 08 Apr 2023€249.5b€208.4b€16.9b19.2x14.8x1.2x
Mon, 06 Mar 2023€260.6b€208.3b€16.9b20.3x15.4x1.3x
Price to Earnings Ratio

15.4x


Total Market Cap: €260.6bTotal Earnings: €16.9bTotal Revenue: €208.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Market Price to Earnings3Y Average 19.5x202420252026
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 22.7x which is higher than its 3-year average PE of 19.4x.
Past Earnings Growth
  • The earnings for Finnish listed companies have declined 3.7% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Finnish Market?

FI Market0.018%
Telecom1.39%
Industrials1.30%
Materials1.22%
Financials0.30%
Real Estate0.24%
Utilities-0.56%
Energy-0.70%
Consumer Discretionary-0.90%
Healthcare-2.16%
Consumer Staples-2.41%
Tech-2.61%
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 38.2% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 54% 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
METSO Metso Oyj€17.665.2%
+€716.0m		62.1%PE30.3xIndustrials
WRT1V Wärtsilä Oyj Abp€37.001.5%
+€323.6m		102.6%PE34.8xIndustrials
KNEBV KONE Oyj€63.340.9%
+€290.2m		15.9%PE33.5xIndustrials
NDA FI Nordea Bank Abp€16.630.5%
+€263.1m		31.8%PB1.7xFinancials
OUT1V Outokumpu Oyj€5.547.5%
+€182.4m		52.7%PS0.5xMaterials
See more

Market Insights

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Bittium Oyj
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1Y
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MANTA
€6.78
Mandatum Oyj
7D
-6.1%
1Y
24.9%
NDA FI
€16.63
Nordea Bank Abp
7D
0.5%
1Y
31.8%

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UPM
€27.07
UPM-Kymmene Oyj
7D
0.7%
1Y
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Narrative Update Analysts have trimmed their price target on UPM-Kymmene Oyj by about €0.10, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E after recent research updates such as the €0.30 target cut cited by JPMorgan. Analyst Commentary Recent research, including the €0.30 target cut at JPMorgan, points to a modest recalibration rather than a wholesale shift in how the market views UPM-Kymmene Oyj.
NESTE
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Neste Oyj
7D
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1Y
142.3%

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SAMPO
€9.22
Sampo Oyj
7D
0.7%
1Y
9.3%

SAMPO: Buybacks And Dividend Policy Will Support Future Shareholder Returns

Analysts have nudged their price target for Sampo Oyj slightly lower to €10.54 from €10.61, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Sampo Oyj updated its share buyback activity, repurchasing 8,900,000 shares for €88.4 million between October 1, 2025 and December 31, 2025.
OUT1V
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Outokumpu Oyj
7D
7.5%
1Y
52.7%

OUT1V: Future Returns Will Reflect Restructuring Progress And Confident Yet Cautious Research Views

Analysts have nudged their average price target on Outokumpu Oyj higher to about €5.11, up from roughly €4.68. This reflects recent target increases and more constructive views on revenue growth, profitability and the stock's future P/E, even as one house moved to a downgrade.
WRT1V
€37.00
Wärtsilä Oyj Abp
7D
1.5%
1Y
102.6%

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The analyst price target for Wärtsilä Oyj Abp has been revised higher by roughly €3.80 to about €28.74, as analysts update their views on fair value, discount rate, growth and margin assumptions following mixed target changes across major banks. Analyst Commentary Recent research updates on Wärtsilä Oyj Abp show a split in opinion, with some banks lifting their targets by several euros while others trim estimates or downgrade the shares.
NOKIA
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Nokia Oyj
7D
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1Y
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KNEBV
€63.34
KONE Oyj
7D
0.9%
1Y
15.9%

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TIETO
€18.47
TietoEVRY Oyj
7D
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1Y
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Orion Oyj
7D
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1Y
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METSO
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Metso Oyj
7D
5.2%
1Y
62.1%
ELISA
€42.84
Elisa Oyj
7D
1.0%
1Y
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€20.46
Kesko Oyj
7D
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1Y
11.2%

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Fortum Oyj
7D
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1Y
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