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Finnish (OMX) Tech Sector Analysis
UpdatedApr 21, 2026
DataAggregated Company Financials
Companies30
- 7D3.4%
- 3M47.0%
- 1Y73.9%
- YTD48.6%
The Tech industry is up 7.1% in the last week, with Nokia Oyj up 3.7%. Meanwhile, Bittium Oyj actually underperformed within the industry, shrinking 7.3% in the last week. This takes the industry's 12 month performance to a gain of 70%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | €59.0b | €25.5b | €884.3m | 22.8x | 66.7x | 2.3x |
| Thu, 19 Mar 2026 | €49.8b | €25.5b | €883.4m | 23.7x | 56.4x | 2x |
| Sat, 14 Feb 2026 | €41.7b | €25.4b | €854.3m | 25.2x | 48.8x | 1.6x |
| Mon, 12 Jan 2026 | €40.7b | €26.3b | €905.7m | 25.7x | 44.9x | 1.5x |
| Wed, 10 Dec 2025 | €38.6b | €26.3b | €905.7m | 24.9x | 42.7x | 1.5x |
| Fri, 07 Nov 2025 | €40.9b | €26.3b | €912.7m | 24.5x | 44.8x | 1.6x |
| Sun, 05 Oct 2025 | €31.7b | €25.7b | €959.1m | 25.3x | 33.1x | 1.2x |
| Tue, 02 Sep 2025 | €28.7b | €25.7b | €960.1m | 24.7x | 29.9x | 1.1x |
| Thu, 31 Jul 2025 | €28.4b | €25.7b | €981.7m | 27.5x | 28.9x | 1.1x |
| Sat, 28 Jun 2025 | €32.6b | €25.7b | €1.4b | 25.7x | 23.9x | 1.3x |
| Mon, 26 May 2025 | €34.0b | €25.7b | €1.4b | 24.9x | 24.9x | 1.3x |
| Wed, 23 Apr 2025 | €33.6b | €25.8b | €1.9b | 24.1x | 17.9x | 1.3x |
| Fri, 21 Mar 2025 | €36.2b | €25.8b | €1.9b | 25.5x | 19.3x | 1.4x |
| Sun, 16 Feb 2025 | €35.3b | €25.8b | €1.9b | 21.2x | 19x | 1.4x |
| Tue, 14 Jan 2025 | €32.2b | €26.4b | €1.3b | 25.6x | 25.6x | 1.2x |
| Thu, 12 Dec 2024 | €31.5b | €26.4b | €1.3b | 24.7x | 25x | 1.2x |
| Sat, 09 Nov 2024 | €31.6b | €26.4b | €1.3b | 25x | 25.2x | 1.2x |
| Mon, 07 Oct 2024 | €31.3b | €26.8b | €1.3b | 24x | 24.8x | 1.2x |
| Wed, 04 Sep 2024 | €31.4b | €26.8b | €1.3b | 23.5x | 24.9x | 1.2x |
| Fri, 02 Aug 2024 | €29.6b | €26.9b | €1.3b | 21.6x | 23.6x | 1.1x |
| Sun, 30 Jun 2024 | €28.8b | €27.8b | €1.1b | 22.9x | 25.2x | 1x |
| Tue, 28 May 2024 | €29.2b | €27.8b | €1.1b | 23x | 25.6x | 1.1x |
| Thu, 25 Apr 2024 | €27.6b | €27.8b | €1.2b | 21x | 23.8x | 1x |
| Sat, 23 Mar 2024 | €27.0b | €29.0b | €1.0b | 18.6x | 26.8x | 0.9x |
| Mon, 19 Feb 2024 | €27.5b | €29.1b | €1.0b | 22.7x | 27x | 0.9x |
| Wed, 17 Jan 2024 | €27.5b | €31.1b | €4.2b | 17.1x | 6.5x | 0.9x |
| Fri, 15 Dec 2023 | €26.5b | €31.1b | €4.2b | 16.5x | 6.3x | 0.9x |
| Sun, 12 Nov 2023 | €26.9b | €31.1b | €4.2b | 16.4x | 6.4x | 0.9x |
| Tue, 10 Oct 2023 | €27.5b | €32.4b | €4.5b | 16.3x | 6.1x | 0.8x |
| Thu, 07 Sep 2023 | €30.6b | €32.3b | €4.5b | 17.9x | 6.8x | 0.9x |
| Sat, 05 Aug 2023 | €29.8b | €32.3b | €4.5b | 22.6x | 6.6x | 0.9x |
| Mon, 03 Jul 2023 | €32.4b | €32.4b | €4.7b | 23.9x | 6.9x | 1x |
| Wed, 31 May 2023 | €32.6b | €32.4b | €4.7b | 25x | 7x | 1x |
| Fri, 28 Apr 2023 | €32.8b | €32.4b | €4.7b | 26.7x | 7x | 1x |
Price to Earnings Ratio
7x
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 65.1x which is higher than its 3-year average PE of 24.2x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.3x.
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 7.7% 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 | 0.25% | |
| Tech | 3.41% | |
| Electronic Equipment and Components | 3.89% | |
| Communications | 3.71% | |
| IT | 0.98% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| Software | -0.35% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 22.2x.
- 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, 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 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 15% 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 | €8.94 | 3.7% +€1.8b | 97.7% | PE79.6x | |
| VAIAS Vaisala Oyj | €48.95 | 3.3% +€56.2m | 11.6% | PE29.7x | |
| SCANFL Scanfil Oyj | €12.60 | 5.9% +€45.9m | 46.9% | PE20.2x | |
| QTCOM Qt Group Oyj | €20.82 | 9.2% +€44.4m | -69.7% | PE16.6x | |
| TIETO Tieto Oyj | €18.69 | 1.4% +€27.2m | 18.7% | PE84.7x |
