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
Tue, 15 Apr 2025	€32.7b	€25.8b	€1.9b	23.6x	17.4x	1.3x
Thu, 13 Mar 2025	€35.3b	€25.8b	€1.9b	25.6x	18.8x	1.4x
Sat, 08 Feb 2025	€34.5b	€25.8b	€2.1b	20.4x	16.8x	1.3x
Mon, 06 Jan 2025	€32.0b	€26.4b	€1.3b	25.3x	25.4x	1.2x
Wed, 04 Dec 2024	€29.9b	€26.4b	€1.3b	23.8x	23.8x	1.1x
Fri, 01 Nov 2024	€33.1b	€26.4b	€1.3b	22.8x	26.3x	1.3x
Sun, 29 Sep 2024	€31.2b	€26.8b	€1.3b	23.8x	24.7x	1.2x
Tue, 27 Aug 2024	€30.1b	€26.8b	€1.3b	22.4x	23.9x	1.1x
Thu, 25 Jul 2024	€27.9b	€26.9b	€1.2b	21.1x	22.4x	1x
Sat, 22 Jun 2024	€28.3b	€27.8b	€1.1b	22.2x	24.7x	1x
Mon, 20 May 2024	€29.3b	€27.8b	€1.1b	22x	25.7x	1.1x
Wed, 17 Apr 2024	€26.3b	€29.0b	€1.0b	19.7x	26.1x	0.9x
Fri, 15 Mar 2024	€27.7b	€29.0b	€1.0b	18.1x	27.4x	1x
Sun, 11 Feb 2024	€27.4b	€29.1b	€1.0b	21x	26.4x	0.9x
Tue, 09 Jan 2024	€27.4b	€31.1b	€4.2b	17.1x	6.5x	0.9x
Thu, 07 Dec 2023	€24.6b	€31.1b	€4.2b	16.2x	5.8x	0.8x
Sat, 04 Nov 2023	€26.7b	€31.1b	€4.2b	15.1x	6.3x	0.9x
Mon, 02 Oct 2023	€28.7b	€32.3b	€4.5b	17.7x	6.4x	0.9x
Wed, 30 Aug 2023	€30.0b	€32.3b	€4.5b	19.5x	6.6x	0.9x
Fri, 28 Jul 2023	€30.3b	€32.2b	€4.5b	23.2x	6.7x	0.9x
Sun, 25 Jun 2023	€31.9b	€32.4b	€4.7b	24.7x	6.8x	1x
Tue, 23 May 2023	€33.0b	€32.4b	€4.7b	26.4x	7x	1x
Thu, 20 Apr 2023	€35.6b	€31.7b	€4.5b	27.5x	7.8x	1.1x
Sat, 18 Mar 2023	€35.2b	€31.7b	€4.5b	27.5x	7.7x	1.1x
Mon, 13 Feb 2023	€35.6b	€31.7b	€4.5b	28.2x	7.8x	1.1x
Wed, 11 Jan 2023	€36.2b	€30.7b	€2.1b	27.6x	17.2x	1.2x
Fri, 09 Dec 2022	€36.6b	€30.7b	€2.1b	28.6x	17.4x	1.2x
Sun, 06 Nov 2022	€34.5b	€30.6b	€2.1b	26.8x	16.4x	1.1x
Tue, 04 Oct 2022	€34.7b	€29.6b	€2.1b	25.3x	16.8x	1.2x
Thu, 01 Sep 2022	€38.9b	€29.6b	€2.1b	33.2x	18.8x	1.3x
Sat, 30 Jul 2022	€40.6b	€29.5b	€2.1b	26x	19.6x	1.4x
Mon, 27 Jun 2022	€35.8b	€28.7b	€2.0b	23.1x	17.8x	1.3x
Wed, 25 May 2022	€37.0b	€28.7b	€2.0b	24.6x	18.4x	1.3x
Fri, 22 Apr 2022	€40.9b	€28.3b	€2.1b	23.4x	19.3x	1.4x

Current Industry PE

Investors are relatively neutral on the Finnish Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 16.8x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Information Technology industry have declined 4.0% per year over the last three years,
Revenues have also declined 3.0% 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 Market	5.38%
Tech	4.38%
Electronic Equipment and Components	5.92%
Communications	4.38%
Software	4.24%
IT	2.32%
Tech Hardware	0%	0
Semiconductors	0%	0

Industry PE

Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 123x.

Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 8.3% per year.

Forecasted Growth

Analysts are most optimistic on the IT industry, expecting annual earnings growth of 47% over the next 5 years.
This is better than its past earnings decline of 9.1% per year.

In contrast, the Communications industry is expected to see its earnings grow by 5.8% 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	€4.43	4.4% +€1.0b	40.0%	PE14x
VAIAS Vaisala Oyj	€43.70	6.3% +€94.4m	26.1%	PE24.9x
QTCOM Qt Group Oyj	€69.05	3.6% +€60.9m	-3.7%	PE30.6x
TIETO TietoEVRY Oyj	€15.54	2.6% +€46.3m	-18.7%	PS0.7x
CANATU Canatu Oyj	€10.40	8.3% +€27.8m	5.1%	PS109.5x