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Finnish (OMX) Tech Sector Analysis
UpdatedApr 10, 2026
DataAggregated Company Financials
Companies30
- 7D7.7%
- 3M33.1%
- 1Y64.6%
- YTD35.6%
Over the last 7 days, the Tech industry has risen 10%, driven by gains from Nokia Oyj of 9.6%. Meanwhile, Tieto Oyj actually underperformed within the industry, shrinking 5.7% in the last week. This takes the industry's 12 month performance to a gain of 72%. Earnings are forecast to grow by 24% annually.
Sector Valuation and Performance
Has the Finnish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Apr 2026 | €53.8b | €25.5b | €884.0m | 22.8x | 60.9x | 2.1x |
| Sun, 08 Mar 2026 | €46.2b | €25.4b | €878.8m | 24.1x | 52.5x | 1.8x |
| Tue, 03 Feb 2026 | €40.3b | €26.3b | €696.0m | 24.7x | 57.9x | 1.5x |
| Thu, 01 Jan 2026 | €40.3b | €26.3b | €905.7m | 24.6x | 44.5x | 1.5x |
| Sat, 29 Nov 2025 | €37.9b | €26.3b | €912.7m | 25x | 41.5x | 1.4x |
| Mon, 27 Oct 2025 | €37.8b | €26.3b | €912.1m | 25.9x | 41.4x | 1.4x |
| Wed, 24 Sep 2025 | €30.7b | €25.7b | €959.1m | 24.9x | 32x | 1.2x |
| Fri, 22 Aug 2025 | €28.3b | €25.7b | €964.9m | 24.5x | 29.3x | 1.1x |
| Sun, 20 Jul 2025 | €31.7b | €25.7b | €1.4b | 26.6x | 23.3x | 1.2x |
| Tue, 17 Jun 2025 | €33.7b | €25.7b | €1.4b | 26.1x | 24.7x | 1.3x |
| Thu, 15 May 2025 | €33.5b | €25.7b | €1.4b | 24.9x | 24.5x | 1.3x |
| Sat, 12 Apr 2025 | €31.8b | €25.8b | €1.9b | 22.9x | 16.9x | 1.2x |
| Mon, 10 Mar 2025 | €35.8b | €25.8b | €1.9b | 26.3x | 19x | 1.4x |
| Wed, 05 Feb 2025 | €33.7b | €25.8b | €2.0b | 23.8x | 16.5x | 1.3x |
| Fri, 03 Jan 2025 | €32.2b | €26.4b | €1.3b | 25.5x | 25.6x | 1.2x |
| Sun, 01 Dec 2024 | €29.6b | €26.4b | €1.3b | 24.6x | 23.5x | 1.1x |
| Tue, 29 Oct 2024 | €33.8b | €26.4b | €1.3b | 23.3x | 26.9x | 1.3x |
| Thu, 26 Sep 2024 | €31.0b | €26.8b | €1.3b | 23.9x | 24.6x | 1.2x |
| Sat, 24 Aug 2024 | €30.1b | €26.8b | €1.3b | 22.4x | 23.9x | 1.1x |
| Mon, 22 Jul 2024 | €27.7b | €26.8b | €1.2b | 21.4x | 22.3x | 1x |
| Wed, 19 Jun 2024 | €28.3b | €27.8b | €1.1b | 22.5x | 24.8x | 1x |
| Fri, 17 May 2024 | €29.3b | €27.8b | €1.1b | 22x | 25.7x | 1.1x |
| Sun, 14 Apr 2024 | €26.4b | €29.0b | €1.0b | 20.1x | 26.2x | 0.9x |
| Tue, 12 Mar 2024 | €27.6b | €29.0b | €1.0b | 17.3x | 27.4x | 1x |
| Thu, 08 Feb 2024 | €27.1b | €29.1b | €1.0b | 20.6x | 26x | 0.9x |
| Sat, 06 Jan 2024 | €27.2b | €31.1b | €4.2b | 16.9x | 6.5x | 0.9x |
| Mon, 04 Dec 2023 | €27.0b | €31.1b | €4.2b | 16.4x | 6.4x | 0.9x |
| Wed, 01 Nov 2023 | €26.0b | €31.1b | €4.2b | 13.8x | 6.2x | 0.8x |
| Fri, 29 Sep 2023 | €28.2b | €32.3b | €4.5b | 17.7x | 6.2x | 0.9x |
| Sun, 27 Aug 2023 | €28.9b | €32.3b | €4.5b | 19.3x | 6.4x | 0.9x |
| Tue, 25 Jul 2023 | €30.1b | €32.2b | €4.5b | 22.1x | 6.7x | 0.9x |
| Thu, 22 Jun 2023 | €32.3b | €32.4b | €4.7b | 25.1x | 6.9x | 1x |
| Sat, 20 May 2023 | €33.0b | €32.4b | €4.7b | 26.2x | 7x | 1x |
| Mon, 17 Apr 2023 | €37.4b | €31.8b | €4.5b | 27.8x | 8.2x | 1.2x |
Price to Earnings Ratio
8.2x
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 60.8x which is higher than its 3-year average PE of 23.6x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 42% per year over the last three years,
- Revenues have also declined 7.1% 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 | 2.85% | |
| Tech | 7.75% | |
| Communications | 9.58% | |
| Electronic Equipment and Components | 2.26% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| Software | -0.57% | |
| IT | -5.07% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 21.4x.
- Analysts are expecting annual earnings growth of 23.6%, which is higher than its past year's earnings decline of 63.1% per year.
- Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading close to its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 64% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 14% per year 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 | |
|---|---|---|---|---|---|
| NOKIA Nokia Oyj | €8.06 | 9.6% +€4.0b | 85.7% | PE71.8x | |
| VAIAS Vaisala Oyj | €46.80 | 3.4% +€56.2m | 10.0% | PE28.4x | |
| BITTI Bittium Oyj | €39.25 | 0.5% +€7.1m | 413.1% | PE65.3x | |
| SCANFL Scanfil Oyj | €11.72 | 0.9% +€6.6m | 37.9% | PE18.8x | |
| CANATU Canatu Oyj | €7.38 | 2.5% +€6.3m | -25.9% | PS15.4x |
