Header cover image

Finnish (OMX) Tech Sector Analysis

UpdatedJun 18, 2025
DataAggregated Company Financials
Companies31
  • 7D-3.0%
  • 3M-9.3%
  • 1Y17.8%
  • YTD1.8%

Over the last 7 days, the Tech industry has dropped 3.0%, driven by a pullback from Nokia Oyj of 3.9%. Meanwhile, Scanfil Oyj actually outperformed within the industry, gaining 9.4% in the last week. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Jun 2025€33.1b€25.7b€1.4b25.4x24.3x1.3x
Fri, 16 May 2025€33.7b€25.7b€1.4b25.3x24.7x1.3x
Sun, 13 Apr 2025€31.8b€25.8b€1.9b22.9x16.9x1.2x
Tue, 11 Mar 2025€35.7b€25.8b€1.9b26.3x19x1.4x
Thu, 06 Feb 2025€33.7b€25.8b€2.0b23.8x16.4x1.3x
Sat, 04 Jan 2025€32.0b€26.4b€1.3b25.3x25.4x1.2x
Mon, 02 Dec 2024€29.6b€26.4b€1.3b24.6x23.5x1.1x
Wed, 30 Oct 2024€33.7b€26.4b€1.3b23.3x26.8x1.3x
Fri, 27 Sep 2024€31.3b€26.8b€1.3b23.8x24.8x1.2x
Sun, 25 Aug 2024€30.1b€26.8b€1.3b22.4x23.9x1.1x
Tue, 23 Jul 2024€28.4b€26.8b€1.2b21.5x22.9x1.1x
Thu, 20 Jun 2024€28.1b€27.8b€1.1b22.6x24.6x1x
Sat, 18 May 2024€29.3b€27.8b€1.1b22x25.7x1.1x
Mon, 15 Apr 2024€26.4b€29.0b€1.0b20.1x26.2x0.9x
Wed, 13 Mar 2024€27.8b€29.0b€1.0b17.1x27.5x1x
Fri, 09 Feb 2024€27.6b€29.1b€1.0b21x26.5x0.9x
Sun, 07 Jan 2024€27.2b€31.1b€4.2b16.9x6.5x0.9x
Tue, 05 Dec 2023€25.7b€31.1b€4.2b16.5x6.1x0.8x
Thu, 02 Nov 2023€26.0b€31.1b€4.2b14.6x6.2x0.8x
Sat, 30 Sep 2023€28.7b€32.3b€4.5b17.7x6.4x0.9x
Mon, 28 Aug 2023€28.9b€32.3b€4.5b19.3x6.4x0.9x
Wed, 26 Jul 2023€30.4b€32.2b€4.5b22.1x6.7x0.9x
Fri, 23 Jun 2023€31.9b€32.4b€4.7b24.7x6.8x1x
Sun, 21 May 2023€33.0b€32.4b€4.7b26.2x7x1x
Tue, 18 Apr 2023€37.2b€31.8b€4.5b27.9x8.2x1.2x
Thu, 16 Mar 2023€35.0b€31.7b€4.6b26.8x7.7x1.1x
Sat, 11 Feb 2023€35.6b€31.7b€4.5b28.2x7.8x1.1x
Mon, 09 Jan 2023€35.7b€30.7b€2.1b26.8x16.9x1.2x
Wed, 07 Dec 2022€37.2b€30.7b€2.1b29.3x17.6x1.2x
Fri, 04 Nov 2022€35.0b€30.6b€2.1b27.5x16.6x1.1x
Sun, 02 Oct 2022€34.2b€29.6b€2.1b25.8x16.6x1.2x
Tue, 30 Aug 2022€37.5b€29.6b€2.1b33x18.2x1.3x
Thu, 28 Jul 2022€40.1b€29.5b€2.1b25.7x19.4x1.4x
Sat, 25 Jun 2022€35.8b€28.7b€2.0b23.1x17.8x1.3x
Price to Earnings Ratio

17.8x


Total Market Cap: €35.8bTotal Earnings: €2.0bTotal Revenue: €28.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 17x202320242025
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 24.3x which is higher than its 3-year average PE of 17.0x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 12% per year over the last three years,
  • Revenues have also declined 3.6% 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-1.24%
Tech-3.04%
IT1.01%
Tech Hardware0%0
Semiconductors0%0
Electronic Equipment and Components-0.77%
Software-2.67%
Communications-3.86%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 120x.
    • Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings growth of 0.01% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 11% 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
CANATU Canatu Oyj€9.306.7%
+€20.2m
-7.9%n/a
TIETO TietoEVRY Oyj€16.140.5%
+€6.7m
-9.3%PS0.7x
SCANFL Scanfil Oyj€9.081.0%
+€5.9m
25.9%PE16x
FSECURE F-Secure Oyj€1.951.1%
+€3.8m
-3.7%PE15.9x
WITH WithSecure Oyj€1.011.2%
+€2.1m
-6.0%PS1.5x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

NOKIA

€4.50

Nokia Oyj

7D

-2.6%

1Y

31.3%

LEMON

€7.16

Lemonsoft Oyj

7D

-2.2%

1Y

19.3%

SCANFL

€9.08

Scanfil Oyj

7D

1.0%

1Y

25.9%

CANATU

€9.30

Canatu Oyj

7D

6.7%

1Y

-7.9%

SSH1V

€1.03

SSH Communications Security Oyj

7D

-6.8%

1Y

-20.2%

GOFORE

€18.74

Gofore Oyj

7D

0.6%

1Y

-24.6%

FSECURE

€1.95

F-Secure Oyj

7D

1.1%

1Y

-3.7%

LEADD

€6.62

LeadDesk Oyj

7D

-6.0%

1Y

-18.1%

WITH

€1.01

WithSecure Oyj

7D

1.2%

1Y

-6.0%

SIILI

€6.36

Siili Solutions Oyj

7D

2.6%

1Y

-19.9%

TAMTRON

€5.34

Tamtron Group Oyj

7D

4.7%

1Y

-12.2%