Earnings Update: Here's Why Analysts Just Lifted Their Kalmar Oyj (HEL:KALMAR) Price Target To €49.20
Feb 18
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Finnish (OMX) Market Analysis & Valuation
UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies173
- 7D0.4%
- 3M12.3%
- 1Y25.2%
- YTD4.7%
The Information Technology sector gained 3.5% while the market remained flat over the last week. More promisingly, the market is up 25% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Feb 2026 | €339.5b | €196.7b | €15.1b | 19.5x | 22.5x | 1.7x |
| Sat, 17 Jan 2026 | €334.5b | €197.7b | €13.4b | 20x | 24.9x | 1.7x |
| Mon, 15 Dec 2025 | €311.6b | €197.3b | €13.4b | 18.9x | 23.3x | 1.6x |
| Wed, 12 Nov 2025 | €311.9b | €197.1b | €13.4b | 18.9x | 23.3x | 1.6x |
| Fri, 10 Oct 2025 | €289.9b | €196.1b | €13.2b | 19.9x | 21.9x | 1.5x |
| Sun, 07 Sep 2025 | €285.2b | €196.1b | €13.2b | 20.2x | 21.6x | 1.5x |
| Tue, 05 Aug 2025 | €277.6b | €196.3b | €13.2b | 20.4x | 21x | 1.4x |
| Thu, 03 Jul 2025 | €276.5b | €196.1b | €13.5b | 20.4x | 20.5x | 1.4x |
| Sat, 31 May 2025 | €273.0b | €196.1b | €13.5b | 19.2x | 20.2x | 1.4x |
| Mon, 28 Apr 2025 | €254.0b | €196.2b | €14.0b | 19.2x | 18.1x | 1.3x |
| Wed, 26 Mar 2025 | €271.4b | €195.0b | €14.6b | 20x | 18.6x | 1.4x |
| Fri, 21 Feb 2025 | €270.4b | €195.4b | €14.6b | 18.8x | 18.5x | 1.4x |
| Sun, 19 Jan 2025 | €254.9b | €199.2b | €14.7b | 18.1x | 17.3x | 1.3x |
| Tue, 17 Dec 2024 | €248.7b | €199.2b | €14.7b | 17.6x | 16.9x | 1.2x |
| Thu, 14 Nov 2024 | €251.4b | €199.9b | €14.7b | 18.1x | 17.1x | 1.3x |
| Sat, 12 Oct 2024 | €266.1b | €200.0b | €14.6b | 18.5x | 18.2x | 1.3x |
| Mon, 09 Sep 2024 | €220.6b | €188.2b | €9.6b | 18.6x | 23.1x | 1.2x |
| Wed, 07 Aug 2024 | €210.9b | €188.4b | €9.9b | 18.1x | 21.3x | 1.1x |
| Fri, 05 Jul 2024 | €223.1b | €188.2b | €9.9b | 18.5x | 22.5x | 1.2x |
| Sun, 02 Jun 2024 | €228.7b | €191.0b | €10.0b | 18.6x | 22.9x | 1.2x |
| Tue, 30 Apr 2024 | €222.4b | €192.4b | €10.1b | 17.4x | 22x | 1.2x |
| Thu, 28 Mar 2024 | €221.3b | €195.7b | €10.1b | 17x | 21.8x | 1.1x |
| Sat, 24 Feb 2024 | €221.3b | €195.0b | €10.2b | 18x | 21.7x | 1.1x |
| Mon, 22 Jan 2024 | €222.7b | €202.6b | €12.9b | 18.8x | 17.3x | 1.1x |
| Wed, 20 Dec 2023 | €226.7b | €202.7b | €12.9b | 18.6x | 17.6x | 1.1x |
| Fri, 17 Nov 2023 | €221.5b | €202.6b | €12.9b | 17.8x | 17.2x | 1.1x |
| Sun, 15 Oct 2023 | €216.3b | €208.4b | €12.7b | 18.2x | 17.1x | 1x |
| Tue, 12 Sep 2023 | €226.1b | €209.1b | €12.8b | 18.7x | 17.6x | 1.1x |
| Thu, 10 Aug 2023 | €223.5b | €208.3b | €13.3b | 19.3x | 16.8x | 1.1x |
| Sat, 08 Jul 2023 | €227.9b | €210.9b | €17.3b | 18.4x | 13.2x | 1.1x |
| Mon, 05 Jun 2023 | €239.7b | €210.8b | €17.3b | 18.8x | 13.9x | 1.1x |
| Wed, 03 May 2023 | €246.8b | €211.2b | €17.2b | 18.6x | 14.3x | 1.2x |
| Fri, 31 Mar 2023 | €248.5b | €208.7b | €16.9b | 18.8x | 14.7x | 1.2x |
| Sun, 26 Feb 2023 | €255.7b | €314.3b | €14.7b | 19x | 17.4x | 0.8x |
Price to Earnings Ratio
17.4x
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 22.5x which is higher than its 3-year average PE of 19.4x.
Past Earnings Growth
- The earnings for Finnish listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have declined 14% per year.
- This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.
Sector Trends
Which sectors have driven the changes within the Finnish Market?
| FI Market | 0.44% | |
| Tech | 3.49% | |
| Industrials | 2.58% | |
| Financials | 0.52% | |
| Consumer Staples | 0.18% | |
| Energy | -0.33% | |
| Telecom | -0.46% | |
| Real Estate | -1.61% | |
| Utilities | -2.33% | |
| Consumer Discretionary | -2.43% | |
| Materials | -3.36% | |
| Healthcare | -6.53% | |
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 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| KNEBV KONE Oyj | €63.80 | 7.5% +€2.3b | 18.5% | PE33.7x | Industrials | |
| NOKIA Nokia Oyj | €6.26 | 3.1% +€1.1b | 32.6% | PE55.8x | Tech | |
| WRT1V Wärtsilä Oyj Abp | €36.54 | 1.9% +€394.3m | 104.0% | PE34.3x | Industrials | |
| KALMAR Kalmar Oyj | €49.26 | 14.2% +€393.8m | 39.3% | PE19.3x | Industrials | |
| TIETO TietoEVRY Oyj | €19.27 | 15.6% +€305.0m | 6.9% | PE89x | Tech |
