Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Finnish (OMX) Tech Sector Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies30
  • 7D0.09%
  • 3M22.4%
  • 1Y16.7%
  • YTD14.8%

Over the last 7 days, the Tech industry has dropped 1.3%, driven by Qt Group Oyj declining 3.4%. This takes the industry's 12 month performance to a gain of 17%. Earnings are forecast to grow by 27% annually.

Sector Valuation and Performance

Has the Finnish Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025€38.4b€26.3b€905.7m24.5x42.4x1.5x
Sat, 15 Nov 2025€40.3b€26.3b€912.7m24.2x44.1x1.5x
Mon, 13 Oct 2025€33.1b€25.7b€959.1m24.7x34.5x1.3x
Wed, 10 Sep 2025€29.7b€25.7b€964.3m25x30.8x1.2x
Fri, 08 Aug 2025€27.5b€25.7b€974.7m24.4x28.3x1.1x
Sun, 06 Jul 2025€32.8b€25.7b€1.4b26.3x24.1x1.3x
Tue, 03 Jun 2025€33.7b€25.7b€1.4b25.9x24.7x1.3x
Thu, 01 May 2025€32.2b€25.7b€1.4b22x23.7x1.3x
Sat, 29 Mar 2025€35.4b€25.8b€1.9b24.8x18.9x1.4x
Mon, 24 Feb 2025€35.4b€25.8b€1.9b21.6x18.9x1.4x
Wed, 22 Jan 2025€33.2b€26.4b€1.3b26.2x26.4x1.3x
Fri, 20 Dec 2024€31.5b€26.4b€1.3b24.7x25.1x1.2x
Sun, 17 Nov 2024€31.5b€26.4b€1.3b25x25.1x1.2x
Tue, 15 Oct 2024€31.1b€26.7b€1.3b23.9x24.7x1.2x
Thu, 12 Sep 2024€30.1b€26.8b€1.3b23.1x23.8x1.1x
Sat, 10 Aug 2024€28.5b€26.8b€1.3b20.7x22.7x1.1x
Mon, 08 Jul 2024€29.1b€27.8b€1.1b23.1x25.5x1x
Wed, 05 Jun 2024€29.4b€27.8b€1.1b23.7x25.8x1.1x
Fri, 03 May 2024€27.5b€27.8b€1.2b22x23.9x1x
Sun, 31 Mar 2024€27.2b€29.0b€1.0b19.4x27x0.9x
Tue, 27 Feb 2024€27.1b€29.0b€1.0b20.3x26.9x0.9x
Thu, 25 Jan 2024€27.0b€31.1b€4.2b16.9x6.4x0.9x
Sat, 23 Dec 2023€26.8b€31.1b€4.2b16.7x6.3x0.9x
Mon, 20 Nov 2023€27.3b€31.1b€4.2b17.3x6.5x0.9x
Wed, 18 Oct 2023€27.6b€32.4b€4.5b15.7x6.1x0.9x
Fri, 15 Sep 2023€30.1b€32.3b€4.5b17.5x6.7x0.9x
Sun, 13 Aug 2023€29.4b€32.3b€4.5b22.2x6.5x0.9x
Tue, 11 Jul 2023€32.0b€32.4b€4.7b23.4x6.8x1x
Thu, 08 Jun 2023€32.5b€32.4b€4.7b25.2x7x1x
Sat, 06 May 2023€32.5b€32.4b€4.7b26.2x6.9x1x
Mon, 03 Apr 2023€36.8b€31.7b€4.5b27x8.1x1.2x
Wed, 01 Mar 2023€36.4b€31.6b€4.5b31x8x1.2x
Fri, 27 Jan 2023€35.6b€31.8b€4.6b28.1x7.8x1.1x
Sun, 25 Dec 2022€34.9b€30.7b€2.1b27.4x16.5x1.1x
Price to Earnings Ratio

16.5x


Total Market Cap: €34.9bTotal Earnings: €2.1bTotal Revenue: €30.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 19.6x202320242025
Current Industry PE
  • Investors are optimistic on the Finnish Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.1x which is higher than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 25% per year over the last three years,
  • Revenues have also declined 5.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Finnish Tech sector?

FI Market-0.62%
Tech0.095%
IT0.75%
Communications0.15%
Tech Hardware0%0
Semiconductors0%0
Electronic Equipment and Components-0.21%
Software-0.74%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 116x.
    • Analysts are expecting annual earnings growth of 38.6%, which is higher than its past year's earnings decline of 9.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 75% over the next 5 years.
  • This is better than its past earnings decline of 60% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NOKIA Nokia Oyj€5.310.2%
+€44.7m		24.1%PE35x
BITTI Bittium Oyj€21.405.7%
+€40.8m		203.1%PE117.5x
SCANFL Scanfil Oyj€10.344.4%
+€28.8m		28.9%PE18.2x
GOFORE Gofore Oyj€13.645.4%
+€11.2m		-36.7%PE29.5x
TIETO TietoEVRY Oyj€18.100.3%
+€5.9m		7.8%PS0.8x

Latest News

SCANFL
€10.34
Scanfil Oyj
7D
4.4%
1Y
28.9%
ICP1V
€9.61
Incap Oyj
7D
-4.3%
1Y
-6.8%
BITTI
€21.40
Bittium Oyj
7D
5.7%
1Y
203.1%

BITTI: Embedded AI Expansion And Stable Outlook Are Expected To Support Momentum

Analysts have modestly lifted their price target on Bittium Oyj to €19.73 from €19.73, citing a slightly higher discount rate and stable expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Bittium reaffirmed its 2025 earnings guidance, targeting net sales of EUR 95 million to EUR 105 million versus EUR 85.2 million in 2024, and an operating result of EUR 10 million to EUR 13 million compared to EUR 8.6 million in 2024 (company guidance).
FSECURE
€1.88
F-Secure Oyj
7D
-2.3%
1Y
3.3%
DIGIA
€6.30
Digia Oyj
7D
1.3%
1Y
-4.0%

Digia Oyj's (HEL:DIGIA) Shares Lagging The Market But So Is The Business

Dec 09
Digia Oyj's (HEL:DIGIA) Shares Lagging The Market But So Is The Business
NOKIA
€5.31
Nokia Oyj
7D
0.2%
1Y
24.1%

NOKIA: AI Demand And U.S. Expansion Will Shape Balanced Risk Ahead

Analysts have nudged their fair value estimate for Nokia Oyj modestly higher, lifting the implied price target by approximately EUR 0.04 per share. They are balancing improving AI driven growth prospects and supportive recent upgrades against tempered expectations for long term margins and network infrastructure multiples.
TIETO
€18.10
TietoEVRY Oyj
7D
0.3%
1Y
7.8%

TIETO: Cautious Organic Outlook And Margin Improvement Will Support A Balanced Future

Narrative Update The analyst price target for TietoEVRY Oyj has inched up slightly to approximately €18.06 from about €18.02, as analysts factor in a modestly higher profit margin outlook that more than offsets slightly weaker projected revenue growth and a marginally higher discount rate. What's in the News TietoEVRY reiterated that it will avoid large mergers and acquisitions during the current strategy period, focusing instead on small bolt-on deals to support its growth trajectory toward 2027 and 2028 (Tieto 2025 Capital Markets Day).
QTCOM
€31.00
Qt Group Oyj
7D
-3.4%
1Y
-53.3%

QTCOM: Expanded Auto And Embedded Partnerships Will Drive Future Upside Potential

Analysts have modestly reduced their price target for Qt Group Oyj, now expecting approximately €44.75 per share. Slightly higher discount rate assumptions have offset upgraded forecasts for revenue growth and profit margins.
LEMON
€6.10
Lemonsoft Oyj
7D
-4.7%
1Y
3.4%
BOREO
€13.20
Boreo Oyj
7D
-8.0%
1Y
28.2%

Here's Why Boreo Oyj (HEL:BOREO) Has A Meaningful Debt Burden

Dec 02
Here's Why Boreo Oyj (HEL:BOREO) Has A Meaningful Debt Burden
WITH
€1.71
WithSecure Oyj
7D
0.1%
1Y
132.6%
WITTED
€1.46
Witted Megacorp Oyj
7D
1.7%
1Y
-6.7%
GOFORE
€13.64
Gofore Oyj
7D
5.4%
1Y
-36.7%
ADMCM
€42.10
Admicom Oyj
7D
-5.5%
1Y
-11.6%
SSH1V
€2.95
SSH Communications Security Oyj
7D
-2.6%
1Y
174.4%
VAIAS
€42.70
Vaisala Oyj
7D
-0.8%
1Y
-9.1%

Vaisala Oyj (HEL:VAIAS) Just Beat Earnings: Here's What Analysts Think Will Happen Next

Oct 28
Vaisala Oyj (HEL:VAIAS) Just Beat Earnings: Here's What Analysts Think Will Happen Next