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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies29
  • 7D3.5%
  • 3M17.8%
  • 1Y20.9%
  • YTD10.8%

The Tech industry is up 3.5% in the last week, with Nokia Oyj up 3.1%. This means that the industry has gained 21% over the past year. Looking forward, earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026€44.0b€25.4b€868.7m25.1x50.6x1.7x
Sat, 17 Jan 2026€41.4b€26.3b€905.7m25.2x45.7x1.6x
Mon, 15 Dec 2025€38.2b€26.3b€905.7m24.9x42.2x1.5x
Wed, 12 Nov 2025€40.7b€26.3b€912.7m24.2x44.6x1.5x
Fri, 10 Oct 2025€32.7b€25.7b€959.1m25x34.1x1.3x
Sun, 07 Sep 2025€29.6b€25.7b€964.3m24.6x30.7x1.1x
Tue, 05 Aug 2025€28.0b€25.7b€981.7m26.7x28.5x1.1x
Thu, 03 Jul 2025€32.7b€25.7b€1.4b25.6x24x1.3x
Sat, 31 May 2025€33.5b€25.7b€1.4b25.8x24.6x1.3x
Mon, 28 Apr 2025€32.3b€25.8b€1.4b24.2x23.5x1.3x
Wed, 26 Mar 2025€36.2b€25.8b€1.9b25.3x19.3x1.4x
Fri, 21 Feb 2025€35.3b€25.8b€1.9b21.5x18.8x1.4x
Sun, 19 Jan 2025€33.0b€26.4b€1.3b26x26.2x1.3x
Tue, 17 Dec 2024€31.7b€26.4b€1.3b25.2x25.2x1.2x
Thu, 14 Nov 2024€31.3b€26.4b€1.3b24.9x24.9x1.2x
Sat, 12 Oct 2024€31.1b€26.7b€1.3b23.9x24.7x1.2x
Mon, 09 Sep 2024€30.5b€26.8b€1.3b23.2x24.2x1.1x
Wed, 07 Aug 2024€27.7b€26.9b€1.3b20.3x22.1x1x
Fri, 05 Jul 2024€29.2b€27.8b€1.1b23x25.6x1.1x
Sun, 02 Jun 2024€29.2b€27.8b€1.1b23.8x25.6x1.1x
Tue, 30 Apr 2024€27.8b€27.8b€1.2b20.8x24x1x
Thu, 28 Mar 2024€27.4b€29.0b€1.0b19.3x27.2x0.9x
Sat, 24 Feb 2024€27.4b€29.0b€1.0b20.1x27.2x0.9x
Mon, 22 Jan 2024€26.6b€31.1b€4.2b16.7x6.3x0.9x
Wed, 20 Dec 2023€26.4b€31.1b€4.2b16.7x6.2x0.8x
Fri, 17 Nov 2023€27.7b€31.1b€4.2b17.2x6.5x0.9x
Sun, 15 Oct 2023€27.4b€32.4b€4.5b16x6.1x0.8x
Tue, 12 Sep 2023€30.3b€32.3b€4.5b17.7x6.7x0.9x
Thu, 10 Aug 2023€29.7b€32.3b€4.5b21.1x6.6x0.9x
Sat, 08 Jul 2023€32.0b€32.4b€4.7b23.8x6.8x1x
Mon, 05 Jun 2023€32.8b€32.4b€4.7b25.1x7x1x
Wed, 03 May 2023€32.6b€32.4b€4.7b26.7x7x1x
Fri, 31 Mar 2023€36.4b€31.7b€4.5b26.7x8x1.1x
Sun, 26 Feb 2023€36.0b€31.6b€4.5b31.1x7.9x1.1x
Price to Earnings Ratio

7.9x


Total Market Cap: €36.0bTotal Earnings: €4.5bTotal Revenue: €31.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 21.6x202420252026
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 50.6x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
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 7.0% 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 Market0.44%
Tech3.49%
IT11.89%
Electronic Equipment and Components7.02%
Communications3.09%
Tech Hardware0%0
Semiconductors0%0
Software-2.18%
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 36.9%, which is higher than its past year's earnings decline of 61.6% 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 37% over the next 5 years.
  • This is better than its past earnings decline of 62% 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€6.263.1%
+€1.1b		32.6%PE55.8x
TIETO TietoEVRY Oyj€19.2715.6%
+€305.0m		6.9%PE89x
VAIAS Vaisala Oyj€46.4511.0%
+€166.8m		-8.2%PE28.2x
BOREO Boreo Oyj€20.9048.8%
+€18.5m		77.1%PE40.3x
SCANFL Scanfil Oyj€11.202.0%
+€15.1m		31.6%PE19.7x

Latest News

LOIHDE
€12.65
Loihde Oyj
7D
12.9%
1Y
3.3%
SSH1V
€2.25
SSH Communications Security Oyj
7D
-17.3%
1Y
88.3%
NOKIA
€6.26
Nokia Oyj
7D
3.1%
1Y
32.6%
GOFORE
€10.76
Gofore Oyj
7D
-6.6%
1Y
-50.9%

GOFORE: New CFO Appointment Will Support Future Earnings Quality And Market Repricing

Analysts have adjusted their price target for Gofore Oyj from €18.50 to €15.75. This change reflects updated assumptions around revenue growth, profit margins, the discount rate and future P/E expectations.
VAIAS
€46.45
Vaisala Oyj
7D
11.0%
1Y
-8.2%
SCANFL
€11.20
Scanfil Oyj
7D
2.0%
1Y
31.6%

SCANFL: Stable Fair Value Framework Will Reflect 2026 Turnover Guidance

Analysts have kept their Scanfil Oyj price target unchanged at €10.48, with only minor tweaks to the discount rate, revenue growth and margin assumptions. This reflects a view that their existing valuation framework remains broadly appropriate for the current outlook.
TIETO
€19.27
TietoEVRY Oyj
7D
15.6%
1Y
6.9%

TIETO: Modest Outlook, Firmer Margins And Buybacks Will Support Fair Valuation

Analysts have lifted their price target on TietoEVRY Oyj by about €1.30 to roughly €19.47, citing updated assumptions for modest revenue growth, a slightly lower discount rate, firmer profit margins, and a reduced future P/E multiple. What's in the News TietoEVRY issued earnings guidance for 2026, expecting first quarter revenue growth to be in line with the fourth quarter of 2025, full year revenue growth for 2026 to be slightly negative in a range of 2% decline to flat, and profit margin guidance of 14.8% to 15.8%.
BOREO
€20.90
Boreo Oyj
7D
48.8%
1Y
77.1%
QPR1V
€0.60
QPR Software Oyj
7D
-24.3%
1Y
-47.5%
LEMON
€5.20
Lemonsoft Oyj
7D
3.6%
1Y
-16.1%
QTCOM
€25.06
Qt Group Oyj
7D
-0.5%
1Y
-72.4%

Embedded Software Shift And IAR Integration Will Support Stronger Long Term Prospects

Catalysts About Qt Group Oyj Qt Group Oyj provides development tools and quality assurance products for building complex embedded software and graphical user interfaces. What are the underlying business or industry changes driving this perspective?
BITTI
€34.30
Bittium Oyj
7D
-2.4%
1Y
434.3%

Returns On Capital At Bittium Oyj (HEL:BITTI) Have Stalled

Feb 13
Returns On Capital At Bittium Oyj (HEL:BITTI) Have Stalled
ADMCM
€34.00
Admicom Oyj
7D
-5.6%
1Y
-33.7%

Admicom Oyj (HEL:ADMCM) Stocks Pounded By 25% But Not Lagging Market On Growth Or Pricing

Feb 13
Admicom Oyj (HEL:ADMCM) Stocks Pounded By 25% But Not Lagging Market On Growth Or Pricing
CANATU
€9.74
Canatu Oyj
7D
2.5%
1Y
-27.9%
DIGIA
€6.14
Digia Oyj
7D
-4.4%
1Y
-12.3%

Digia Oyj (HEL:DIGIA) Will Pay A Larger Dividend Than Last Year At €0.19

Feb 10
Digia Oyj (HEL:DIGIA) Will Pay A Larger Dividend Than Last Year At €0.19
FSECURE
€1.63
F-Secure Oyj
7D
-1.0%
1Y
-4.2%