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Finnish (OMX) Market Analysis & Valuation

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies172
  • 7D0.3%
  • 3M11.0%
  • 1Y25.2%
  • YTD5.5%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 25% over the past year. 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
Mon, 02 Mar 2026€342.0b€196.4b€15.3b19.3x22.4x1.7x
Wed, 28 Jan 2026€336.4b€197.6b€13.4b20.3x25.1x1.7x
Fri, 26 Dec 2025€318.6b€197.3b€13.4b19.1x23.8x1.6x
Sun, 23 Nov 2025€300.1b€197.1b€13.4b18.5x22.4x1.5x
Tue, 21 Oct 2025€295.5b€197.6b€13.2b20x22.3x1.5x
Thu, 18 Sep 2025€288.3b€196.1b€13.2b20.4x21.8x1.5x
Sat, 16 Aug 2025€282.7b€196.1b€13.2b20.5x21.5x1.4x
Mon, 14 Jul 2025€279.4b€196.1b€13.5b20.3x20.7x1.4x
Wed, 11 Jun 2025€276.3b€196.1b€13.5b20.2x20.5x1.4x
Fri, 09 May 2025€264.9b€196.0b€13.6b19.6x19.5x1.4x
Sun, 06 Apr 2025€244.8b€195.1b€14.6b18.1x16.8x1.3x
Tue, 04 Mar 2025€274.6b€195.5b€14.6b19.9x18.8x1.4x
Thu, 30 Jan 2025€259.9b€199.2b€14.7b18.1x17.6x1.3x
Sat, 28 Dec 2024€247.5b€199.2b€14.7b17.8x16.8x1.2x
Mon, 25 Nov 2024€250.2b€200.2b€14.7b17.9x17x1.2x
Wed, 23 Oct 2024€264.5b€199.8b€14.6b18.4x18.1x1.3x
Fri, 20 Sep 2024€226.5b€188.3b€9.6b18.8x23.7x1.2x
Sun, 18 Aug 2024€221.7b€188.6b€9.5b18.8x23.2x1.2x
Tue, 16 Jul 2024€220.4b€190.3b€10.1b18.2x21.8x1.2x
Thu, 13 Jun 2024€224.9b€191.0b€10.0b18.9x22.5x1.2x
Sat, 11 May 2024€229.1b€190.8b€10.0b18x22.9x1.2x
Mon, 08 Apr 2024€223.1b€195.5b€10.2b17.7x21.9x1.1x
Wed, 06 Mar 2024€216.5b€195.0b€10.2b17x21.3x1.1x
Fri, 02 Feb 2024€227.4b€199.5b€8.6b19x26.5x1.1x
Sun, 31 Dec 2023€228.5b€202.7b€12.9b18.9x17.8x1.1x
Tue, 28 Nov 2023€220.3b€202.6b€12.9b17.9x17.1x1.1x
Thu, 26 Oct 2023€204.5b€205.7b€11.4b17.4x18x1x
Sat, 23 Sep 2023€222.3b€208.3b€12.8b18.9x17.3x1.1x
Mon, 21 Aug 2023€217.8b€209.1b€12.9b19x16.9x1x
Wed, 19 Jul 2023€228.3b€210.9b€17.3b17.9x13.2x1.1x
Fri, 16 Jun 2023€243.9b€210.8b€17.3b19.4x14.1x1.2x
Sun, 14 May 2023€245.9b€211.2b€17.3b19x14.2x1.2x
Tue, 11 Apr 2023€249.5b€208.8b€16.9b19.2x14.8x1.2x
Thu, 09 Mar 2023€257.2b€208.7b€16.9b19.9x15.3x1.2x
Price to Earnings Ratio

15.3x


Total Market Cap: €257.2bTotal Earnings: €16.9bTotal Revenue: €208.7bTotal 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 22.4x which is higher than its 3-year average PE of 19.5x.
Past Earnings Growth
  • The earnings for Finnish listed companies have declined 3.3% 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 Market0.26%
Telecom2.86%
Materials2.16%
Industrials0.97%
Tech0.66%
Utilities0.58%
Real Estate0.13%
Consumer Discretionary-0.17%
Energy-0.52%
Consumer Staples-1.00%
Financials-1.12%
Healthcare-1.78%
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.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 16.6x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 38% over the next 5 years.
  • 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€17.713.7%
+€525.6m		65.8%PE30.4xIndustrials
NOKIA Nokia Oyj€6.481.1%
+€381.0m		32.5%PE57.8xTech
SAMPO Sampo Oyj€9.391.3%
+€308.1m		9.2%PE12.5xFinancials
KNEBV KONE Oyj€64.020.9%
+€300.6m		15.0%PE33.9xIndustrials
STERV Stora Enso Oyj€11.512.7%
+€240.5m		10.9%PE13.1xMaterials
See more

Market Insights

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0.9%
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METSO: Fair Outlook As Updated Margin Assumptions Balance Execution Risks

Metso Oyj's updated analyst price target edges up from about €15.76 to €17.04 as analysts factor in slightly adjusted growth assumptions, a higher profit margin outlook, and a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Metso Oyj clusters around slightly higher price targets, with JPMorgan lifting its target to €18 from €16 and other firms reporting similar euro level adjustments.
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HARVIA: Inorganic Expansion Plans Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Harvia Oyj from €48.00 to €47.00. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E that keep the overall story broadly consistent while fine tuning the valuation inputs.
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NDA FI
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Analysts have nudged their price target on Nordea Bank Abp to €17.35, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E ratio, which together support a broadly steady valuation framework. What's in the News A shareholder proposal has been submitted to amend Nordea Bank Abp's Articles of Association in order to restrict financing and facilitation services for new long lead time upstream oil and gas projects located north of the Arctic Circle.
SAMPO
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1Y
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OUT1V
€5.73
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7D
8.5%
1Y
55.8%

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.
STERV
€11.51
Stora Enso Oyj
7D
2.7%
1Y
10.9%

STERV: Modest Margin Recovery Will Support Fairly Valued Shares Under Refined Assumptions

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