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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies29
  • 7D6.2%
  • 3M1.6%
  • 1Y16.6%
  • YTD5.2%

The Tech industry is up 9.1% in the last week, with Nokia Oyj up 8.5%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026€41.7b€26.3b€694.7m25.3x60.1x1.6x
Mon, 05 Jan 2026€39.9b€26.3b€905.7m25.1x44.1x1.5x
Wed, 03 Dec 2025€38.3b€26.3b€912.7m24.4x41.9x1.5x
Fri, 31 Oct 2025€42.2b€26.3b€910.3m29.8x46.4x1.6x
Sun, 28 Sep 2025€30.0b€25.7b€959.1m23.7x31.3x1.2x
Tue, 26 Aug 2025€28.9b€25.7b€964.5m24.4x29.9x1.1x
Thu, 24 Jul 2025€29.5b€25.4b€1.3b25.1x23.2x1.2x
Sat, 21 Jun 2025€32.6b€25.7b€1.4b25.5x23.9x1.3x
Mon, 19 May 2025€33.7b€25.7b€1.4b25x24.7x1.3x
Wed, 16 Apr 2025€32.9b€25.8b€1.9b23.4x17.5x1.3x
Fri, 14 Mar 2025€35.4b€25.8b€1.9b25.6x18.8x1.4x
Sun, 09 Feb 2025€34.5b€25.8b€2.1b20.4x16.8x1.3x
Tue, 07 Jan 2025€32.0b€26.4b€1.3b25.3x25.4x1.2x
Thu, 05 Dec 2024€29.9b€26.4b€1.3b24.2x23.8x1.1x
Sat, 02 Nov 2024€32.4b€26.4b€1.3b26x25.8x1.2x
Mon, 30 Sep 2024€31.2b€26.8b€1.3b23.8x24.7x1.2x
Wed, 28 Aug 2024€30.2b€26.8b€1.3b22.5x24x1.1x
Fri, 26 Jul 2024€28.8b€26.9b€1.2b21.6x23.2x1.1x
Sun, 23 Jun 2024€28.3b€27.8b€1.1b22.2x24.7x1x
Tue, 21 May 2024€29.2b€27.8b€1.1b21.9x25.6x1.1x
Thu, 18 Apr 2024€26.1b€29.0b€1.0b19.6x25.9x0.9x
Sat, 16 Mar 2024€27.6b€29.0b€1.0b18x27.4x1x
Mon, 12 Feb 2024€27.4b€29.1b€1.0b21x26.4x0.9x
Wed, 10 Jan 2024€27.3b€31.1b€4.2b17.3x6.5x0.9x
Fri, 08 Dec 2023€25.1b€31.1b€4.2b16.2x5.9x0.8x
Sun, 05 Nov 2023€26.7b€31.1b€4.2b15.1x6.3x0.9x
Tue, 03 Oct 2023€28.7b€32.4b€4.5b17.3x6.4x0.9x
Thu, 31 Aug 2023€30.0b€32.3b€4.5b19.5x6.6x0.9x
Sat, 29 Jul 2023€30.5b€32.2b€4.5b22.7x6.7x0.9x
Mon, 26 Jun 2023€31.9b€32.4b€4.7b24.7x6.8x1x
Wed, 24 May 2023€32.8b€32.4b€4.7b26.4x7x1x
Fri, 21 Apr 2023€33.3b€32.3b€4.7b27x7.2x1x
Sun, 19 Mar 2023€35.2b€31.7b€4.5b27.5x7.7x1.1x
Tue, 14 Feb 2023€35.7b€31.7b€4.5b28.5x7.9x1.1x
Price to Earnings Ratio

7.9x


Total Market Cap: €35.7bTotal Earnings: €4.5bTotal Revenue: €31.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 21.1x202420252026
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 59.1x which is higher than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 46% per year over the last three years,
  • Revenues have also declined 6.0% 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 Market1.63%
Tech6.19%
Communications8.46%
Electronic Equipment and Components0.61%
Tech Hardware0%0
Semiconductors0%0
Software-1.55%
IT-3.96%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 22.7%, which is higher than its past year's earnings decline of 63.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 76% 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 16% 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€5.888.5%
+€2.6b		26.3%PE52.4x
BITTI Bittium Oyj€38.402.1%
+€28.4m		485.4%PE210.9x
DETEC Detection Technology Oyj€11.9511.7%
+€18.3m		-22.9%PE27.2x
VAIAS Vaisala Oyj€42.451.1%
+€16.3m		-20.5%PE24.5x
DIGIA Digia Oyj€6.624.1%
+€6.9m		-1.5%PE13.8x

Latest News

DIGIA
€6.62
Digia Oyj
7D
4.1%
1Y
-1.5%
DETEC
€11.95
Detection Technology Oyj
7D
11.7%
1Y
-22.9%
CANATU
€9.08
Canatu Oyj
7D
-2.4%
1Y
-26.8%
TIETO
€17.56
TietoEVRY Oyj
7D
-4.1%
1Y
-4.6%
SCANFL
€11.12
Scanfil Oyj
7D
-1.6%
1Y
36.1%

SCANFL: Slightly Softer Assumptions Will Still Support Fair Value Stability

Analysts have trimmed their price target for Scanfil Oyj by €0.25, reflecting slightly adjusted views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly from €10.73 to €10.48 per share, a reduction of €0.25.
NOKIA
€5.88
Nokia Oyj
7D
8.5%
1Y
26.3%

NOKIA: Telecom Capex And Execution Risks Will Constrain AI Networking Upside

Analysts have lifted their price expectations for Nokia Oyj, with our fair value estimate moving from €3.59 to €3.78 as a series of target increases and upgrades, alongside updated assumptions on discount rate, revenue growth, profit margins and future P/E, feed into a slightly higher valuation. Analyst Commentary Recent research on Nokia Oyj includes a cluster of upgrades and higher targets, balanced by at least one more cautious reset.
VAIAS
€42.45
Vaisala Oyj
7D
1.1%
1Y
-20.5%

Vaisala Oyj (HEL:VAIAS) Could Easily Take On More Debt

Jan 30
Vaisala Oyj (HEL:VAIAS) Could Easily Take On More Debt
QTCOM
€26.06
Qt Group Oyj
7D
-1.9%
1Y
-67.1%

Embedded License Pressure And Testing Cuts Will Eventually Reward Long Term Patience

Catalysts About Qt Group Oyj Qt Group Oyj provides tools and frameworks for developing and testing embedded software and graphical user interfaces across multiple industries. What are the underlying business or industry changes driving this perspective?
BITTI
€38.40
Bittium Oyj
7D
2.1%
1Y
485.4%

BITTI: Raised 2025 Guidance And Defense Orders Will Still Not Justify P/E

Analysts have raised their price target for Bittium Oyj to €29.57 from €22.40, citing updates to their models that reflect revised assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Bittium raised its 2025 earnings guidance, now estimating net sales of €116 million to €120 million and operating profit of €19 million to €21 million, compared with previous guidance of net sales of €95 million to €105 million and operating profit of €10 million to €13 million (Key Developments).
ADMCM
€38.30
Admicom Oyj
7D
-8.5%
1Y
-30.4%
FSECURE
€1.68
F-Secure Oyj
7D
-10.9%
1Y
-5.0%
WITH
€1.72
WithSecure Oyj
7D
0.2%
1Y
102.4%
BOREO
€14.00
Boreo Oyj
7D
2.9%
1Y
48.0%
GOFORE
€12.04
Gofore Oyj
7D
-9.5%
1Y
-44.3%
TAMTRON
€5.88
Tamtron Group Oyj
7D
1.7%
1Y
10.1%
ICP1V
€9.61
Incap Oyj
7D
-2.5%
1Y
-14.3%