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Finnish (OMX) Tech Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies30
  • 7D1.2%
  • 3M17.4%
  • 1Y21.6%
  • YTD1.9%

Over the last 7 days, the Tech industry has risen 1.2%, driven by gains from Nokia Oyj of 0.6%. This takes the industry's 12 month performance to a gain of 22%. As for the next few years, earnings are expected to grow by 33% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026€40.7b€26.3b€905.7m25.7x44.9x1.5x
Wed, 10 Dec 2025€38.6b€26.3b€905.7m24.9x42.7x1.5x
Fri, 07 Nov 2025€40.9b€26.3b€912.7m24.5x44.8x1.6x
Sun, 05 Oct 2025€31.7b€25.7b€959.1m25.3x33.1x1.2x
Tue, 02 Sep 2025€28.7b€25.7b€960.1m24.7x29.9x1.1x
Thu, 31 Jul 2025€28.4b€25.7b€981.7m27.5x28.9x1.1x
Sat, 28 Jun 2025€32.6b€25.7b€1.4b25.7x23.9x1.3x
Mon, 26 May 2025€34.0b€25.7b€1.4b24.9x24.9x1.3x
Wed, 23 Apr 2025€33.6b€25.8b€1.9b24.1x17.9x1.3x
Fri, 21 Mar 2025€36.2b€25.8b€1.9b25.5x19.3x1.4x
Sun, 16 Feb 2025€35.3b€25.8b€1.9b21.2x19x1.4x
Tue, 14 Jan 2025€32.2b€26.4b€1.3b25.6x25.6x1.2x
Thu, 12 Dec 2024€31.5b€26.4b€1.3b24.7x25x1.2x
Sat, 09 Nov 2024€31.6b€26.4b€1.3b25x25.2x1.2x
Mon, 07 Oct 2024€31.3b€26.8b€1.3b24x24.8x1.2x
Wed, 04 Sep 2024€31.4b€26.8b€1.3b23.5x24.9x1.2x
Fri, 02 Aug 2024€29.6b€26.9b€1.3b21.6x23.6x1.1x
Sun, 30 Jun 2024€28.8b€27.8b€1.1b22.9x25.2x1x
Tue, 28 May 2024€29.2b€27.8b€1.1b23x25.6x1.1x
Thu, 25 Apr 2024€27.6b€27.8b€1.2b21x23.8x1x
Sat, 23 Mar 2024€27.0b€29.0b€1.0b18.6x26.8x0.9x
Mon, 19 Feb 2024€27.5b€29.1b€1.0b22.7x27x0.9x
Wed, 17 Jan 2024€27.5b€31.1b€4.2b17.1x6.5x0.9x
Fri, 15 Dec 2023€26.5b€31.1b€4.2b16.5x6.3x0.9x
Sun, 12 Nov 2023€26.9b€31.1b€4.2b16.4x6.4x0.9x
Tue, 10 Oct 2023€27.5b€32.4b€4.5b16.3x6.1x0.8x
Thu, 07 Sep 2023€30.6b€32.3b€4.5b17.9x6.8x0.9x
Sat, 05 Aug 2023€29.8b€32.3b€4.5b22.6x6.6x0.9x
Mon, 03 Jul 2023€32.4b€32.4b€4.7b23.9x6.9x1x
Wed, 31 May 2023€32.6b€32.4b€4.7b25x7x1x
Fri, 28 Apr 2023€32.8b€32.4b€4.7b26.7x7x1x
Sun, 26 Mar 2023€35.3b€31.7b€4.5b25.7x7.8x1.1x
Tue, 21 Feb 2023€36.7b€31.8b€4.5b28.6x8.1x1.2x
Thu, 19 Jan 2023€36.1b€30.7b€2.1b27.6x17.1x1.2x
Price to Earnings Ratio

17.1x


Total Market Cap: €36.1bTotal Earnings: €2.1bTotal Revenue: €30.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 20.2x202420252026
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 44.9x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
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 Market0.50%
Tech1.21%
IT4.32%
Software3.13%
Electronic Equipment and Components2.64%
Communications0.64%
Tech Hardware0%0
Semiconductors0%0
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 115x.
    • Analysts are expecting annual earnings growth of 36.7%, 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 78% 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 16% 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
BITTI Bittium Oyj€32.959.8%
+€104.8m
410.1%PE181x
NOKIA Nokia Oyj€5.580.3%
+€100.7m
28.4%PE36.8x
VAIAS Vaisala Oyj€45.653.8%
+€59.8m
-2.7%PE26.3x
TIETO TietoEVRY Oyj€18.591.8%
+€37.9m
6.6%PS0.8x
SCANFL Scanfil Oyj€10.203.0%
+€19.6m
22.7%PE17.9x

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