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Finnish (OMX) Tech Sector Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies30
- 7D2.6%
- 3M22.5%
- 1Y25.8%
- YTD16.2%
The Tech industry is up 5.5% in the last week, with Nokia Oyj up 3.4%. Meanwhile, Canatu Oyj actually underperformed within the industry, shrinking 19% in the last week. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 23% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 07 Mar 2026 | €46.2b | €25.4b | €878.8m | 24.1x | 52.5x | 1.8x |
| Mon, 02 Feb 2026 | €39.3b | €26.3b | €696.0m | 24.2x | 56.5x | 1.5x |
| Wed, 31 Dec 2025 | €40.3b | €26.3b | €905.7m | 24.6x | 44.5x | 1.5x |
| Fri, 28 Nov 2025 | €37.9b | €26.3b | €912.7m | 24.8x | 41.5x | 1.4x |
| Sun, 26 Oct 2025 | €37.8b | €26.3b | €912.1m | 25.9x | 41.4x | 1.4x |
| Tue, 23 Sep 2025 | €30.3b | €25.7b | €959.1m | 24.5x | 31.6x | 1.2x |
| Thu, 21 Aug 2025 | €28.3b | €25.7b | €964.9m | 24.5x | 29.3x | 1.1x |
| Sat, 19 Jul 2025 | €31.7b | €25.7b | €1.4b | 27.2x | 23.2x | 1.2x |
| Mon, 16 Jun 2025 | €33.0b | €25.7b | €1.4b | 25.3x | 24.2x | 1.3x |
| Wed, 14 May 2025 | €33.9b | €25.7b | €1.4b | 24.7x | 24.8x | 1.3x |
| Fri, 11 Apr 2025 | €32.0b | €25.8b | €1.9b | 22.5x | 17.1x | 1.2x |
| Sun, 09 Mar 2025 | €35.8b | €25.8b | €1.9b | 26.3x | 19x | 1.4x |
| Tue, 04 Feb 2025 | €33.7b | €25.8b | €2.0b | 23x | 16.5x | 1.3x |
| Thu, 02 Jan 2025 | €31.7b | €26.4b | €1.3b | 25.2x | 25.2x | 1.2x |
| Sat, 30 Nov 2024 | €29.6b | €26.4b | €1.3b | 24.6x | 23.5x | 1.1x |
| Mon, 28 Oct 2024 | €33.3b | €26.4b | €1.3b | 23.7x | 26.5x | 1.3x |
| Wed, 25 Sep 2024 | €30.8b | €26.8b | €1.3b | 23.9x | 24.4x | 1.1x |
| Fri, 23 Aug 2024 | €30.0b | €26.8b | €1.3b | 22.3x | 23.7x | 1.1x |
| Sun, 21 Jul 2024 | €27.7b | €26.8b | €1.2b | 21.4x | 22.3x | 1x |
| Tue, 18 Jun 2024 | €28.2b | €27.8b | €1.1b | 22.7x | 24.6x | 1x |
| Thu, 16 May 2024 | €29.0b | €27.8b | €1.1b | 22x | 25.4x | 1x |
| Sat, 13 Apr 2024 | €26.4b | €29.0b | €1.0b | 20.1x | 26.2x | 0.9x |
| Mon, 11 Mar 2024 | €27.6b | €29.0b | €1.0b | 19.4x | 27.4x | 1x |
| Wed, 07 Feb 2024 | €27.3b | €29.1b | €1.0b | 20.7x | 26.2x | 0.9x |
| Fri, 05 Jan 2024 | €27.1b | €31.1b | €4.2b | 17.1x | 6.4x | 0.9x |
| Sun, 03 Dec 2023 | €27.0b | €31.1b | €4.2b | 16.4x | 6.4x | 0.9x |
| Tue, 31 Oct 2023 | €25.4b | €31.1b | €4.2b | 13.7x | 6x | 0.8x |
| Thu, 28 Sep 2023 | €28.3b | €32.3b | €4.5b | 17.7x | 6.3x | 0.9x |
| Sat, 26 Aug 2023 | €28.9b | €32.3b | €4.5b | 19.3x | 6.4x | 0.9x |
| Mon, 24 Jul 2023 | €30.1b | €32.2b | €4.5b | 22x | 6.7x | 0.9x |
| Wed, 21 Jun 2023 | €33.0b | €32.4b | €4.7b | 23.3x | 7.1x | 1x |
| Fri, 19 May 2023 | €32.3b | €32.4b | €4.7b | 25.6x | 6.9x | 1x |
| Sun, 16 Apr 2023 | €37.4b | €31.8b | €4.5b | 27.8x | 8.2x | 1.2x |
| Tue, 14 Mar 2023 | €36.0b | €31.7b | €4.6b | 26.6x | 7.9x | 1.1x |
Price to Earnings Ratio
7.9x
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 52.3x which is higher than its 3-year average PE of 22.2x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.8x.
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 | -3.09% | |
| Tech | 2.58% | |
| Communications | 3.39% | |
| IT | 0.66% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| Electronic Equipment and Components | -0.39% | |
| Software | -0.77% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings decline of 53.4% per year.
- Investors are most pessimistic about the Electronic Equipment and Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 53% 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 | €6.70 | 3.4% +€1.2b | 39.5% | PE59.7x | |
| BITTI Bittium Oyj | €27.85 | 4.3% +€40.8m | 241.3% | PE46.4x | |
| SCANFL Scanfil Oyj | €12.04 | 3.4% +€26.2m | 34.5% | PE19.3x | |
| TIETO TietoEVRY Oyj | €19.11 | 0.7% +€10.9m | -2.5% | PE87.8x | |
| GOFORE Gofore Oyj | €13.28 | 2.6% +€5.4m | -39.6% | PE22.9x |
