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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies29
  • 7D8.0%
  • 3M20.9%
  • 1Y21.4%
  • YTD12.4%

Over the last 7 days, the Tech industry has risen 8.0%, driven by gains from Nokia Oyj of 8.9%. Meanwhile, Admicom Oyj actually underperformed within the industry, shrinking 5.1% in the last week. In the last 12 months, the industry was up 21%. As for the next few years, earnings are expected to grow by 24% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026€44.6b€25.4b€868.6m25.4x51.4x1.8x
Sun, 18 Jan 2026€41.4b€26.3b€905.7m25.2x45.8x1.6x
Tue, 16 Dec 2025€38.2b€26.3b€905.7m24.7x42.2x1.5x
Thu, 13 Nov 2025€41.1b€26.3b€912.7m24.2x45.1x1.6x
Sat, 11 Oct 2025€33.1b€25.7b€959.1m24.7x34.5x1.3x
Mon, 08 Sep 2025€29.6b€25.7b€964.3m24.6x30.7x1.1x
Wed, 06 Aug 2025€27.9b€25.7b€979.1m26.5x28.5x1.1x
Fri, 04 Jul 2025€32.7b€25.7b€1.4b26x24x1.3x
Sun, 01 Jun 2025€33.5b€25.7b€1.4b25.8x24.6x1.3x
Tue, 29 Apr 2025€32.1b€25.8b€1.4b24x23.4x1.2x
Thu, 27 Mar 2025€35.8b€25.8b€1.9b25.1x19x1.4x
Sat, 22 Feb 2025€35.4b€25.8b€1.9b21.6x18.9x1.4x
Mon, 20 Jan 2025€33.0b€26.4b€1.3b26x26.2x1.3x
Wed, 18 Dec 2024€31.5b€26.4b€1.3b25x25x1.2x
Fri, 15 Nov 2024€31.6b€26.4b€1.3b25.1x25.2x1.2x
Sun, 13 Oct 2024€31.1b€26.7b€1.3b23.9x24.7x1.2x
Tue, 10 Sep 2024€30.6b€26.8b€1.3b23.4x24.3x1.1x
Thu, 08 Aug 2024€28.2b€26.8b€1.3b20.5x22.5x1.1x
Sat, 06 Jul 2024€29.1b€27.8b€1.1b23.1x25.5x1x
Mon, 03 Jun 2024€29.2b€27.8b€1.1b23.8x25.6x1.1x
Wed, 01 May 2024€27.5b€27.8b€1.2b21.9x23.9x1x
Fri, 29 Mar 2024€27.2b€29.0b€1.0b19.4x27x0.9x
Sun, 25 Feb 2024€27.4b€29.0b€1.0b20.1x27.2x0.9x
Tue, 23 Jan 2024€26.7b€31.1b€4.2b16.8x6.3x0.9x
Thu, 21 Dec 2023€26.3b€31.1b€4.2b16.4x6.2x0.8x
Sat, 18 Nov 2023€27.3b€31.1b€4.2b17.3x6.5x0.9x
Mon, 16 Oct 2023€27.4b€32.4b€4.5b16x6.1x0.8x
Wed, 13 Sep 2023€30.1b€32.3b€4.5b17.4x6.7x0.9x
Fri, 11 Aug 2023€29.9b€32.3b€4.5b20.8x6.6x0.9x
Sun, 09 Jul 2023€32.0b€32.4b€4.7b23.8x6.8x1x
Tue, 06 Jun 2023€32.7b€32.4b€4.7b25.2x7x1x
Thu, 04 May 2023€32.6b€32.4b€4.7b26.8x7x1x
Sat, 01 Apr 2023€36.8b€31.7b€4.5b27x8.1x1.2x
Mon, 27 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 51.4x 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 1.8x.
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 7.0% 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 Market2.68%
Tech7.97%
Communications8.85%
Electronic Equipment and Components6.14%
Software5.46%
IT2.29%
Tech Hardware0%0
Semiconductors0%0
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 35.9%, 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 36% 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€6.358.9%
+€2.9b		32.6%PE56.6x
BITTI Bittium Oyj€36.0013.2%
+€149.2m		469.6%PE197.7x
VAIAS Vaisala Oyj€46.758.2%
+€128.7m		-8.5%PE28.3x
TIETO TietoEVRY Oyj€19.583.0%
+€63.6m		9.1%PE90.4x
TEM1V Tecnotree Oyj€5.610.2%
+€32.6m		40.6%PE19.6x

Latest News

BITTI
€36.00
Bittium Oyj
7D
13.2%
1Y
469.6%
TEM1V
€5.61
Tecnotree Oyj
7D
0.2%
1Y
40.6%
SSH1V
€2.57
SSH Communications Security Oyj
7D
-2.7%
1Y
114.2%

Quantum Safe Security And EU Data Sovereignty Will Support Stronger SSH Outlook

Catalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity software focused on privileged access management, encryption and secure communications for enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?
LOIHDE
€12.80
Loihde Oyj
7D
13.3%
1Y
-0.8%
NOKIA
€6.35
Nokia Oyj
7D
8.9%
1Y
32.6%
TLT1V
€3.69
Teleste Oyj
7D
-4.2%
1Y
30.9%

Earnings Beat: Teleste Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 18
Earnings Beat: Teleste Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
VAIAS
€46.75
Vaisala Oyj
7D
8.2%
1Y
-8.5%
SCANFL
€11.24
Scanfil Oyj
7D
2.9%
1Y
35.6%

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
€19.58
TietoEVRY Oyj
7D
3.0%
1Y
9.1%

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
€22.00
Boreo Oyj
7D
57.1%
1Y
90.5%
QPR1V
€0.62
QPR Software Oyj
7D
-19.3%
1Y
-45.6%
TAMTRON
€5.34
Tamtron Group Oyj
7D
-6.3%
1Y
-8.6%
SIILI
€4.01
Siili Solutions Oyj
7D
-4.3%
1Y
-35.7%
ADMCM
€33.25
Admicom Oyj
7D
-5.1%
1Y
-36.8%

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
DIGIA
€6.14
Digia Oyj
7D
-3.2%
1Y
-12.0%

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
DIGIGR
€2.24
Digitalist Group
7D
-10.3%
1Y
-24.1%