Finnish (OMX) Tech Sector Analysis

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
Sat, 09 May 2026	€70.3b	€25.6b	€1.1b	22.3x	65.2x	2.7x
Mon, 06 Apr 2026	€50.0b	€25.5b	€884.0m	24.2x	56.5x	2x
Wed, 04 Mar 2026	€46.0b	€25.4b	€877.9m	26.6x	52.4x	1.8x
Fri, 30 Jan 2026	€37.7b	€26.2b	€916.0m	25x	41.2x	1.4x
Sun, 28 Dec 2025	€39.7b	€26.3b	€905.7m	23.9x	43.9x	1.5x
Tue, 25 Nov 2025	€37.6b	€26.3b	€912.7m	24.6x	41.2x	1.4x
Thu, 23 Oct 2025	€34.1b	€25.7b	€959.1m	25.3x	35.6x	1.3x
Sat, 20 Sep 2025	€30.4b	€25.7b	€959.1m	24.8x	31.7x	1.2x
Mon, 18 Aug 2025	€28.2b	€25.7b	€966.4m	25x	29.2x	1.1x
Wed, 16 Jul 2025	€31.6b	€25.7b	€1.4b	26.4x	23.2x	1.2x
Fri, 13 Jun 2025	€33.5b	€25.7b	€1.4b	25.7x	24.6x	1.3x
Sun, 11 May 2025	€32.7b	€25.7b	€1.4b	24.9x	24x	1.3x
Tue, 08 Apr 2025	€31.3b	€25.8b	€1.9b	22.9x	16.7x	1.2x
Thu, 06 Mar 2025	€35.3b	€25.8b	€1.9b	27x	18.8x	1.4x
Sat, 01 Feb 2025	€33.7b	€25.8b	€2.0b	23.3x	16.5x	1.3x
Mon, 30 Dec 2024	€31.8b	€26.4b	€1.3b	25.3x	25.3x	1.2x
Wed, 27 Nov 2024	€30.2b	€26.4b	€1.3b	24.8x	24x	1.1x
Fri, 25 Oct 2024	€33.3b	€26.4b	€1.3b	23.3x	26.6x	1.3x
Sun, 22 Sep 2024	€30.3b	€26.8b	€1.3b	23.7x	24x	1.1x
Tue, 20 Aug 2024	€30.0b	€26.8b	€1.3b	22.4x	23.8x	1.1x
Thu, 18 Jul 2024	€28.9b	€27.8b	€1.1b	22.8x	25.2x	1x
Sat, 15 Jun 2024	€28.0b	€27.8b	€1.1b	22.3x	24.5x	1x
Mon, 13 May 2024	€28.2b	€27.8b	€1.1b	22.1x	24.8x	1x
Wed, 10 Apr 2024	€26.9b	€29.0b	€1.0b	20x	26.7x	0.9x
Fri, 08 Mar 2024	€27.7b	€29.0b	€1.0b	19.3x	27.5x	1x
Sun, 04 Feb 2024	€27.9b	€29.3b	€1.0b	19.3x	27.4x	1x
Tue, 02 Jan 2024	€26.5b	€31.1b	€4.2b	17.1x	6.3x	0.9x
Thu, 30 Nov 2023	€27.2b	€31.1b	€4.2b	16.7x	6.4x	0.9x
Sat, 28 Oct 2023	€25.6b	€31.1b	€4.2b	13.7x	6.1x	0.8x
Mon, 25 Sep 2023	€29.2b	€32.3b	€4.5b	18.1x	6.5x	0.9x
Wed, 23 Aug 2023	€29.2b	€32.3b	€4.5b	19.2x	6.5x	0.9x
Fri, 21 Jul 2023	€30.2b	€32.3b	€4.5b	22.5x	6.7x	0.9x
Sun, 18 Jun 2023	€33.6b	€32.4b	€4.7b	23.8x	7.2x	1x
Tue, 16 May 2023	€32.7b	€32.4b	€4.7b	26.1x	7x	1x

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 65.2x which is higher than its 3-year average PE of 25.1x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.7x.

Past Earnings Growth

The earnings for companies in the Information Technology industry have declined 39% per year over the last three years,
Revenues have also declined 7.6% 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	-1.37%
Tech	2.98%
Communications	3.21%
IT	2.56%
Software	1.24%
Electronic Equipment and Components	0.85%
Tech Hardware	0%	0
Semiconductors	0%	0

Industry PE

Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 23.3x.

Analysts are expecting annual earnings growth of 24.5%, which is higher than its past year's earnings decline of 35.4% 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 22.2x.

Forecasted Growth

Analysts are most optimistic on the IT industry, expecting annual earnings growth of 25% over the next 5 years.
This is better than its past earnings decline of 42% 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	€10.95	3.2% +€1.9b	144.5%	PE79.3x
TIETO Tieto Oyj	€19.67	3.5% +€74.6m	23.5%	PE30.6x
VAIAS Vaisala Oyj	€51.10	2.6% +€47.2m	5.7%	PE30.1x
BITTI Bittium Oyj	€32.35	2.1% +€23.1m	391.6%	PE53.8x
QTCOM Qt Group Oyj	€19.70	2.6% +€12.4m	-65.5%	PE15.7x

Nokia Federal Solutions and Lockheed Martin Launch Modular Open-Architecture 5G Solution for U.S. and Allied Defense Forces

Nokia Federal Solutions, the U.S. government-focused arm of Nokia, and Lockheed Martin announced the launch of a new modular, open-architecture 5G solution built for the U.S. and allied defense forces. The capability is designed to deliver secure, resilient communications at the point of need. It enables military vehicles and platforms to use commercial-grade 5G in operational environments, aligned to the Department of War open architecture standards and its commercial-first strategy. The new solution integrates Nokia’s carrier-grade 5G within the Department of War’s open architecture framework, utilizing the Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, Reconnaissance (C5ISR)/Modular Open Suite of Standards (CMOSS). By aligning to CMOSS hardware and software module specifications, this plug-and-play architecture reduces complexity and accelerates integration across vehicle and expeditionary systems, improves interoperability, and enables new capabilities to be introduced and updated without disrupting existing platforms. By combining Nokia’s commercial 5G technologies with Lockheed Martin’s 5G.MIL solutions, the companies are delivering a hybrid network that allows mission-critical systems to connect with high-speed, cost-effective, commercially driven 5G while maintaining the security and resilience required by defense forces. As NATO nations increasingly integrate 5G into their mission systems, this CMOSS-aligned approach provides an additional pathway to incorporate commercial-grade 5G into allied platforms using a standardized, modular framework also outside of the U.S. This announcement represents a key follow-on milestone from the Nokia and Lockheed Martin collaboration first announced in 2025, which introduced the initial integration of Nokia’s industry-leading, military-grade 5G solutions with Lockheed Martin’s Hybrid Base Station. Together, the companies are moving beyond integration demonstrations to deliver a field-ready, modular 5G capability aligned with Department of War open architecture standards and deployable across military vehicles and platforms. The CMOSS standard is developed and maintained by the U.S. Army Combat Capabilities Development Command. Through this new solution, Nokia Federal and Lockheed Martin are moving standards-based 5G from concept to deployable reality. The collaboration reflects a shared focus on delivering practical, mission-ready technology that can be integrated quickly and evolve alongside operational requirements.

Finnish (OMX) Tech Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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