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Finnish (OMX) Tech Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies30
  • 7D0.8%
  • 3M17.0%
  • 1Y21.3%
  • YTD1.5%

Last week, the Tech industry hasn't moved much but Bittium Oyj is up 9.8% in that time. The past year has been better, since the industry has gained 21% in that time. Earnings are forecast to grow by 33% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€40.5b€26.3b€905.7m24.7x44.8x1.5x
Thu, 11 Dec 2025€38.3b€26.3b€905.7m24.8x42.3x1.5x
Sat, 08 Nov 2025€40.3b€26.3b€912.7m24.4x44.2x1.5x
Mon, 06 Oct 2025€31.7b€25.7b€959.1m25.3x33.1x1.2x
Wed, 03 Sep 2025€28.2b€25.7b€960.1m24.3x29.4x1.1x
Fri, 01 Aug 2025€28.3b€25.7b€981.7m27.1x28.9x1.1x
Sun, 29 Jun 2025€32.6b€25.7b€1.4b25.7x23.9x1.3x
Tue, 27 May 2025€34.4b€25.7b€1.4b25.2x25.2x1.3x
Thu, 24 Apr 2025€34.3b€25.8b€1.9b24.5x18.3x1.3x
Sat, 22 Mar 2025€36.1b€25.8b€1.9b25.5x19.2x1.4x
Mon, 17 Feb 2025€35.3b€25.8b€1.9b20.8x19x1.4x
Wed, 15 Jan 2025€32.4b€26.4b€1.3b25.9x25.8x1.2x
Fri, 13 Dec 2024€31.7b€26.4b€1.3b25x25.2x1.2x
Sun, 10 Nov 2024€31.6b€26.4b€1.3b25x25.2x1.2x
Tue, 08 Oct 2024€31.1b€26.8b€1.3b23.7x24.6x1.2x
Thu, 05 Sep 2024€31.2b€26.8b€1.3b23.5x24.7x1.2x
Sat, 03 Aug 2024€28.6b€26.9b€1.3b20.9x22.8x1.1x
Mon, 01 Jul 2024€28.8b€27.8b€1.1b22.9x25.2x1x
Wed, 29 May 2024€29.2b€27.8b€1.1b23x25.6x1.1x
Fri, 26 Apr 2024€27.1b€27.8b€1.2b20.8x23.5x1x
Sun, 24 Mar 2024€27.0b€29.0b€1.0b18.6x26.8x0.9x
Tue, 20 Feb 2024€27.4b€29.1b€1.0b22.8x26.9x0.9x
Thu, 18 Jan 2024€27.0b€31.1b€4.2b16.7x6.4x0.9x
Sat, 16 Dec 2023€26.2b€31.1b€4.2b16.7x6.2x0.8x
Mon, 13 Nov 2023€26.9b€31.1b€4.2b16.4x6.4x0.9x
Wed, 11 Oct 2023€27.9b€32.4b€4.5b16.5x6.2x0.9x
Fri, 08 Sep 2023€30.6b€32.3b€4.5b17.8x6.8x0.9x
Sun, 06 Aug 2023€29.8b€32.3b€4.5b21.1x6.6x0.9x
Tue, 04 Jul 2023€32.7b€32.4b€4.7b24.5x7x1x
Thu, 01 Jun 2023€32.6b€32.4b€4.7b24.8x7x1x
Sat, 29 Apr 2023€33.1b€32.4b€4.7b26.4x7.1x1x
Mon, 27 Mar 2023€35.3b€31.7b€4.5b25.7x7.8x1.1x
Wed, 22 Feb 2023€36.6b€31.8b€4.5b28.9x8.1x1.2x
Fri, 20 Jan 2023€35.4b€30.7b€2.1b27.4x16.8x1.2x
Price to Earnings Ratio

16.8x


Total Market Cap: €35.4bTotal Earnings: €2.1bTotal Revenue: €30.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 20.2x202420252026
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 44.8x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 25% per year over the last three years,
  • Revenues have also declined 5.0% 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 Market0.36%
Tech0.83%
Software3.31%
Electronic Equipment and Components2.84%
IT1.80%
Communications0.32%
Tech Hardware0%0
Semiconductors0%0
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 115x.
    • Analysts are expecting annual earnings growth of 36.8%, which is higher than its past year's earnings decline of 9.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 78% over the next 5 years.
  • This is better than its past earnings decline of 60% 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
BITTI Bittium Oyj€32.959.8%
+€104.8m		410.1%PE181x
NOKIA Nokia Oyj€5.580.3%
+€100.7m		28.4%PE36.8x
VAIAS Vaisala Oyj€45.653.8%
+€59.8m		-2.7%PE26.3x
TIETO TietoEVRY Oyj€18.591.8%
+€37.9m		6.6%PS0.8x
SCANFL Scanfil Oyj€10.203.0%
+€19.6m		22.7%PE17.9x

Latest News

DETEC
€10.85
Detection Technology Oyj
7D
-1.8%
1Y
-24.1%

DETEC: New India Facility Will Support Future Earnings Upside

Analysts have maintained their fair value estimate for Detection Technology Oyj at €15.00. They note slightly lower assumed revenue growth and a modestly higher profit margin outlook as the key factors behind only minor adjustments to their discount rate and future P/E expectations.
QTCOM
€32.30
Qt Group Oyj
7D
0.4%
1Y
-54.6%

QTCOM: Expanded Chip Partnerships Will Support Future Edge Computing Upside

Analysts now keep their fair value estimate for Qt Group Oyj steady at €44.75, indicating only minimal tweaks in assumptions such as the discount rate and future P/E, rather than a shift in their core view of the company. What's in the News Qt Group launched a new Axivion 7.11 feature that automatically checks whether NVIDIA CUDA based code follows established safety and security rules, aiming to help developers in areas like self driving cars, medical scanners, and robotics build compliant applications more efficiently (Product related announcement).
SSH1V
€2.68
SSH Communications Security Oyj
7D
-3.9%
1Y
162.7%
BITTI
€32.95
Bittium Oyj
7D
9.8%
1Y
410.1%

BITTI: Raised Earnings Outlook And Defense Orders Will Still Not Justify Rich P/E

Analysts have lifted their price target on Bittium Oyj to €22.40 from €20.73, citing updated assumptions around revenue growth, profit margins and the future P/E multiple as key drivers of the change. What's in the News Bittium Corporation raised its 2025 earnings guidance, now estimating net sales of €116m to €120m and operating profit of €19m to €21m, compared with earlier guidance of net sales of €95m to €105m and operating profit of €10m to €13m (Corporate Guidance).
DIGIGR
€1.70
Digitalist Group
7D
-21.4%
1Y
-47.8%

Market Cool On Digitalist Group Plc's (HEL:DIGIGR) Revenues Pushing Shares 26% Lower

Jan 08
Market Cool On Digitalist Group Plc's (HEL:DIGIGR) Revenues Pushing Shares 26% Lower
SCANFL
€10.20
Scanfil Oyj
7D
3.0%
1Y
22.7%

SCANFL: Fair Value Stability Will Likely Reflect Balanced Execution And Risk Assumptions

Analysts have maintained their fair value estimate for Scanfil Oyj at €10.73. The latest price target update reflects only minor adjustments to assumptions on the discount rate, revenue growth, profit margins and future P/E ratio.
NOKIA
€5.58
Nokia Oyj
7D
0.3%
1Y
28.4%

NOKIA: AI Demand And U.S. Investment Will Shape Balanced Risk Ahead

Analysts have made a modest adjustment to their price target framework for Nokia Oyj, refining assumptions around revenue growth, profit margins and future P/E multiples, while citing a mix of higher targets from several banks and more cautious views that focus on telecom capex risks and segment level valuation. Analyst Commentary Recent research on Nokia Oyj shows a split view, with some analysts highlighting improving growth optionality and others focusing on execution risks and valuation constraints tied to capital spending trends in telecom networks.
TIETO
€18.59
TietoEVRY Oyj
7D
1.8%
1Y
6.6%

TIETO: Bolt-On M&A Focus Will Support Cautious Organic Outlook And Margins

Analysts have raised their price target on TietoEVRY Oyj slightly, now implying an updated fair value of approximately €18.16 per share. They cite modestly higher discount rate assumptions and expectations for somewhat softer near term revenue growth and profit margins, balanced by a higher future earnings multiple.
GOFORE
€14.30
Gofore Oyj
7D
8.3%
1Y
-35.6%
FSECURE
€1.92
F-Secure Oyj
7D
-0.6%
1Y
7.0%
DIGIA
€6.34
Digia Oyj
7D
-3.4%
1Y
-0.6%

Digia Oyj's (HEL:DIGIA) Shares Lagging The Market But So Is The Business

Dec 09
Digia Oyj's (HEL:DIGIA) Shares Lagging The Market But So Is The Business
LEMON
€6.16
Lemonsoft Oyj
7D
-3.1%
1Y
1.8%
BOREO
€13.65
Boreo Oyj
7D
-2.5%
1Y
40.7%

Here's Why Boreo Oyj (HEL:BOREO) Has A Meaningful Debt Burden

Dec 02
Here's Why Boreo Oyj (HEL:BOREO) Has A Meaningful Debt Burden
LOIHDE
€11.50
Loihde Oyj
7D
-2.1%
1Y
2.2%
ADMCM
€44.95
Admicom Oyj
7D
4.5%
1Y
-0.8%
VAIAS
€45.65
Vaisala Oyj
7D
3.8%
1Y
-2.7%

Vaisala Oyj (HEL:VAIAS) Just Beat Earnings: Here's What Analysts Think Will Happen Next

Oct 28
Vaisala Oyj (HEL:VAIAS) Just Beat Earnings: Here's What Analysts Think Will Happen Next