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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies29
  • 7D-0.08%
  • 3M2.9%
  • 1Y13.5%
  • YTD5.1%

Last week, the Tech industry hasn't moved much but TietoEVRY Oyj is up 11% in that time. The past year has been better, since the industry has gained 14% in that time. 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
Sun, 15 Feb 2026€41.7b€25.4b€853.5m25.2x48.9x1.6x
Tue, 13 Jan 2026€40.5b€26.3b€905.7m24.7x44.8x1.5x
Thu, 11 Dec 2025€38.3b€26.3b€905.7m24.8x42.3x1.5x
Sat, 08 Nov 2025€40.3b€26.3b€912.7m24.4x44.2x1.5x
Mon, 06 Oct 2025€31.7b€25.7b€959.1m25.3x33.1x1.2x
Wed, 03 Sep 2025€28.2b€25.7b€960.1m24.3x29.4x1.1x
Fri, 01 Aug 2025€28.3b€25.7b€981.7m27.1x28.9x1.1x
Sun, 29 Jun 2025€32.6b€25.7b€1.4b25.7x23.9x1.3x
Tue, 27 May 2025€34.4b€25.7b€1.4b25.2x25.2x1.3x
Thu, 24 Apr 2025€34.3b€25.8b€1.9b24.5x18.3x1.3x
Sat, 22 Mar 2025€36.1b€25.8b€1.9b25.5x19.2x1.4x
Mon, 17 Feb 2025€35.3b€25.8b€1.9b20.8x19x1.4x
Wed, 15 Jan 2025€32.4b€26.4b€1.3b25.9x25.8x1.2x
Fri, 13 Dec 2024€31.7b€26.4b€1.3b25x25.2x1.2x
Sun, 10 Nov 2024€31.6b€26.4b€1.3b25x25.2x1.2x
Tue, 08 Oct 2024€31.1b€26.8b€1.3b23.7x24.6x1.2x
Thu, 05 Sep 2024€31.2b€26.8b€1.3b23.5x24.7x1.2x
Sat, 03 Aug 2024€28.6b€26.9b€1.3b20.9x22.8x1.1x
Mon, 01 Jul 2024€28.8b€27.8b€1.1b22.9x25.2x1x
Wed, 29 May 2024€29.2b€27.8b€1.1b23x25.6x1.1x
Fri, 26 Apr 2024€27.1b€27.8b€1.2b20.8x23.5x1x
Sun, 24 Mar 2024€27.0b€29.0b€1.0b18.6x26.8x0.9x
Tue, 20 Feb 2024€27.4b€29.1b€1.0b22.8x26.9x0.9x
Thu, 18 Jan 2024€27.0b€31.1b€4.2b16.7x6.4x0.9x
Sat, 16 Dec 2023€26.2b€31.1b€4.2b16.7x6.2x0.8x
Mon, 13 Nov 2023€26.9b€31.1b€4.2b16.4x6.4x0.9x
Wed, 11 Oct 2023€27.9b€32.4b€4.5b16.5x6.2x0.9x
Fri, 08 Sep 2023€30.6b€32.3b€4.5b17.8x6.8x0.9x
Sun, 06 Aug 2023€29.8b€32.3b€4.5b21.1x6.6x0.9x
Tue, 04 Jul 2023€32.7b€32.4b€4.7b24.5x7x1x
Thu, 01 Jun 2023€32.6b€32.4b€4.7b24.8x7x1x
Sat, 29 Apr 2023€33.1b€32.4b€4.7b26.4x7.1x1x
Mon, 27 Mar 2023€35.3b€31.7b€4.5b25.7x7.8x1.1x
Wed, 22 Feb 2023€36.6b€31.8b€4.5b28.9x8.1x1.2x
Price to Earnings Ratio

8.1x


Total Market Cap: €36.6bTotal Earnings: €4.5bTotal Revenue: €31.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 21.4x202420252026
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 48.8x which is higher than its 3-year average PE of 21.4x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 43% per year over the last three years,
  • Revenues have also declined 7.2% 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-0.56%
Tech-0.079%
IT8.15%
Electronic Equipment and Components2.69%
Tech Hardware0%0
Semiconductors0%0
Communications-0.27%
Software-8.45%
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, 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 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 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
TIETO TietoEVRY Oyj€19.5611.4%
+€235.8m		6.8%PE90.4x
VAIAS Vaisala Oyj€44.805.5%
+€85.2m		-17.3%PE25.8x
CANATU Canatu Oyj€9.848.4%
+€26.4m		-24.3%PS30.6x
BOREO Boreo Oyj€16.5017.9%
+€6.7m		43.5%PE33.1x
LOIHDE Loihde Oyj€12.508.7%
+€5.8m		1.2%PS0.5x

Latest News

TIETO
€19.56
TietoEVRY Oyj
7D
11.4%
1Y
6.8%
VAIAS
€44.80
Vaisala Oyj
7D
5.5%
1Y
-17.3%
LOIHDE
€12.50
Loihde Oyj
7D
8.7%
1Y
1.2%
BOREO
€16.50
Boreo Oyj
7D
17.9%
1Y
43.5%

Boreo Oyj (HEL:BOREO) Shares Could Be 50% Below Their Intrinsic Value Estimate

Feb 14
Boreo Oyj (HEL:BOREO) Shares Could Be 50% Below Their Intrinsic Value Estimate
QTCOM
€25.20
Qt Group Oyj
7D
-3.3%
1Y
-71.6%

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
€32.90
Bittium Oyj
7D
-14.3%
1Y
417.3%

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

Feb 13
Returns On Capital At Bittium Oyj (HEL:BITTI) Have Stalled
ADMCM
€35.20
Admicom Oyj
7D
-8.1%
1Y
-32.6%

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
SSH1V
€2.60
SSH Communications Security Oyj
7D
-8.1%
1Y
116.7%
CANATU
€9.84
Canatu Oyj
7D
8.4%
1Y
-24.3%
DETEC
€11.30
Detection Technology Oyj
7D
-5.4%
1Y
-28.3%

DETEC: India Facility Expansion Will Support Future Upside Despite Lower Dividend

Analysts have slightly reduced their price target on Detection Technology Oyj from €15.0 to €14.7, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Detection Technology Oyj announced a dividend of €0.30 per share for the January to December 2025 period, compared with €0.50 previously.
SCANFL
€10.96
Scanfil Oyj
7D
-1.4%
1Y
31.1%

SCANFL: Slightly Softer Assumptions Will Still Support Fair Value Stability

Analysts have trimmed their price target for Scanfil Oyj by €0.25, reflecting slightly adjusted views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly from €10.73 to €10.48 per share, a reduction of €0.25.
NOKIA
€5.87
Nokia Oyj
7D
-0.3%
1Y
22.9%

NOKIA: Telecom Capex And Execution Risks Will Constrain AI Networking Upside

Analysts have lifted their price expectations for Nokia Oyj, with our fair value estimate moving from €3.59 to €3.78 as a series of target increases and upgrades, alongside updated assumptions on discount rate, revenue growth, profit margins and future P/E, feed into a slightly higher valuation. Analyst Commentary Recent research on Nokia Oyj includes a cluster of upgrades and higher targets, balanced by at least one more cautious reset.
WITH
€1.72
WithSecure Oyj
7D
0.2%
1Y
102.4%
VINCIT
€1.28
Vincit Oyj
7D
2.4%
1Y
-27.3%
GOFORE
€11.00
Gofore Oyj
7D
-8.6%
1Y
-49.1%
ICP1V
€9.80
Incap Oyj
7D
2.0%
1Y
-18.0%