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Finnish (OMX) Tech Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies30
  • 7D0.7%
  • 3M18.7%
  • 1Y26.1%
  • YTD13.3%

Last week, the Tech industry hasn't moved much but Nokia Oyj is up 6.5% in that time. The past year has been better, since the industry has gained 26% in that time. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026€45.0b€25.4b€877.9m27.2x51.2x1.8x
Thu, 29 Jan 2026€40.9b€26.2b€916.0m24.8x44.7x1.6x
Sat, 27 Dec 2025€39.7b€26.3b€905.7m23.9x43.9x1.5x
Mon, 24 Nov 2025€37.1b€26.3b€912.7m24.2x40.7x1.4x
Wed, 22 Oct 2025€34.9b€25.7b€959.1m25.3x36.4x1.4x
Fri, 19 Sep 2025€30.6b€25.7b€959.1m25.1x31.9x1.2x
Sun, 17 Aug 2025€28.2b€25.7b€966.4m25x29.2x1.1x
Tue, 15 Jul 2025€32.4b€25.7b€1.4b26.3x23.7x1.3x
Thu, 12 Jun 2025€33.8b€25.7b€1.4b26.3x24.8x1.3x
Sat, 10 May 2025€32.7b€25.7b€1.4b24.9x24x1.3x
Mon, 07 Apr 2025€32.7b€25.8b€1.9b22.4x17.4x1.3x
Wed, 05 Mar 2025€34.9b€25.8b€1.9b27x18.6x1.4x
Fri, 31 Jan 2025€32.4b€26.4b€1.3b26.5x25.9x1.2x
Sun, 29 Dec 2024€31.8b€26.4b€1.3b25.3x25.3x1.2x
Tue, 26 Nov 2024€30.4b€26.4b€1.3b24.6x24.2x1.2x
Thu, 24 Oct 2024€32.9b€26.4b€1.3b23.5x26.2x1.2x
Sat, 21 Sep 2024€30.3b€26.8b€1.3b23.7x24x1.1x
Mon, 19 Aug 2024€29.7b€26.8b€1.3b22.1x23.5x1.1x
Wed, 17 Jul 2024€28.6b€27.8b€1.1b22.6x25x1x
Fri, 14 Jun 2024€29.2b€27.8b€1.1b22.5x25.6x1.1x
Sun, 12 May 2024€28.2b€27.8b€1.1b22.1x24.8x1x
Tue, 09 Apr 2024€26.9b€29.0b€1.0b20x26.7x0.9x
Thu, 07 Mar 2024€27.5b€29.1b€1.0b18.9x27.4x0.9x
Sat, 03 Feb 2024€27.9b€29.3b€1.0b19.3x27.4x1x
Mon, 01 Jan 2024€26.5b€31.1b€4.2b17.1x6.3x0.9x
Wed, 29 Nov 2023€27.0b€31.1b€4.2b16.7x6.4x0.9x
Fri, 27 Oct 2023€25.2b€31.1b€4.2b15x6x0.8x
Sun, 24 Sep 2023€29.2b€32.3b€4.5b18.1x6.5x0.9x
Tue, 22 Aug 2023€29.0b€32.3b€4.5b19.4x6.4x0.9x
Thu, 20 Jul 2023€30.2b€32.4b€4.7b23x6.4x0.9x
Sat, 17 Jun 2023€33.6b€32.4b€4.7b23.8x7.2x1x
Mon, 15 May 2023€32.5b€32.4b€4.7b26.2x6.9x1x
Wed, 12 Apr 2023€37.0b€31.7b€4.5b25.1x8.1x1.2x
Fri, 10 Mar 2023€37.5b€31.6b€4.5b27.7x8.3x1.2x
Price to Earnings Ratio

8.3x


Total Market Cap: €37.5bTotal Earnings: €4.5bTotal Revenue: €31.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 22x202420252026
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 51.2x which is higher than its 3-year average PE of 22.0x.
  • 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 6.9% 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 Market0.26%
Tech0.66%
Electronic Equipment and Components1.97%
IT1.22%
Communications0.94%
Tech Hardware0%0
Semiconductors0%0
Software-4.76%
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 34.4%, 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?

CompanyLast Price7D1YValuation
NOKIA Nokia Oyj€6.836.5%
+€2.3b		39.5%PE60.8x
VAIAS Vaisala Oyj€47.601.9%
+€32.6m		-2.3%PE28.9x
ICP1V Incap Oyj€10.248.4%
+€23.3m		-7.7%PE21.6x
GOFORE Gofore Oyj€12.6212.9%
+€20.4m		-41.6%PE21.7x
SCANFL Scanfil Oyj€11.700.9%
+€6.6m		27.5%PE18.7x

Latest News

QTCOM
€20.44
Qt Group Oyj
7D
-16.4%
1Y
-75.6%
NOKIA
€6.83
Nokia Oyj
7D
6.5%
1Y
39.5%
LEADD
€6.10
LeadDesk Oyj
7D
4.1%
1Y
-8.4%
FSECURE
€1.59
F-Secure Oyj
7D
-2.1%
1Y
-4.4%
GOFORE
€12.62
Gofore Oyj
7D
12.9%
1Y
-41.6%
ICP1V
€10.24
Incap Oyj
7D
8.4%
1Y
-7.7%

ICP1V: Automated Testing Investment Will Support Higher Future Earnings Multiple

Analysts have lifted their price target on Incap Oyj from €11 to €13, citing updated assumptions for revenue growth, profit margins and future P/E that reshape their view of the company’s risk and return profile. What's in the News Incap Estonia has added a new high precision flying probe system to its production, focusing on improving testing of assembled circuit boards before they move to the next stage of manufacturing (Key Developments).
ADMCM
€33.70
Admicom Oyj
7D
3.2%
1Y
-34.9%

AI Platform And Services Expansion Will Transform Long Term Prospects For This Construction Software Provider

Catalysts About Admicom Oyj Admicom Oyj provides software and services that support construction companies with project management, site operations and business services such as accounting and payroll. What are the underlying business or industry changes driving this perspective?
DETEC
€10.95
Detection Technology Oyj
7D
-3.1%
1Y
-29.4%

DETEC: India Facility And Higher Sales Guidance Will Support Future Upside

Analysts have kept their price target for Detection Technology Oyj steady at €14.70, with slightly higher revenue growth assumptions and a small adjustment to the discount rate and future P/E helping to support this unchanged view. What's in the News Detection Technology Oyj issued earnings guidance for the first quarter, first half and full year 2026, indicating an aim to increase net sales by at least 10% per year and expecting double digit year on year net sales growth in the first quarter and first half of 2026 (company guidance).
SCANFL
€11.70
Scanfil Oyj
7D
0.9%
1Y
27.5%
ACG1V
€4.75
Aspocomp Group Oyj
7D
-7.2%
1Y
1.1%
BITTI
€27.20
Bittium Oyj
7D
-4.2%
1Y
250.5%
SSH1V
€2.37
SSH Communications Security Oyj
7D
-4.0%
1Y
99.2%
TLT1V
€3.63
Teleste Oyj
7D
2.3%
1Y
29.6%

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
€47.60
Vaisala Oyj
7D
1.9%
1Y
-2.3%
TIETO
€18.43
TietoEVRY Oyj
7D
-2.5%
1Y
0.2%

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%.
CANATU
€9.10
Canatu Oyj
7D
-4.2%
1Y
-26.6%