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Finnish (OMX) Tech Sector Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies29
- 7D-4.7%
- 3M-8.5%
- 1Y11.9%
- YTD-0.9%
Over the last 7 days, the Tech industry has dropped 4.7%, driven by a pullback from Nokia Oyj of 4.9%. In contrast, Tecnotree Oyj has gained 39%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 35% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | €39.3b | €26.3b | €696.0m | 24.2x | 56.5x | 1.5x |
| Tue, 30 Dec 2025 | €40.2b | €26.3b | €905.7m | 24.4x | 44.3x | 1.5x |
| Thu, 27 Nov 2025 | €37.7b | €26.3b | €912.7m | 24.9x | 41.3x | 1.4x |
| Sat, 25 Oct 2025 | €37.8b | €26.3b | €928.5m | 27.7x | 40.7x | 1.4x |
| Mon, 22 Sep 2025 | €30.4b | €25.7b | €959.1m | 24.8x | 31.7x | 1.2x |
| Wed, 20 Aug 2025 | €28.4b | €25.7b | €965.5m | 25.1x | 29.5x | 1.1x |
| Fri, 18 Jul 2025 | €31.8b | €25.7b | €1.4b | 26.8x | 23.3x | 1.2x |
| Sun, 15 Jun 2025 | €33.0b | €25.7b | €1.4b | 25.3x | 24.2x | 1.3x |
| Tue, 13 May 2025 | €33.9b | €25.7b | €1.4b | 24.6x | 24.8x | 1.3x |
| Thu, 10 Apr 2025 | €30.6b | €25.8b | €1.9b | 21.7x | 16.3x | 1.2x |
| Sat, 08 Mar 2025 | €35.8b | €25.8b | €1.9b | 26.3x | 19x | 1.4x |
| Mon, 03 Feb 2025 | €33.7b | €25.8b | €2.0b | 23.3x | 16.5x | 1.3x |
| Wed, 01 Jan 2025 | €31.7b | €26.4b | €1.3b | 25.2x | 25.2x | 1.2x |
| Fri, 29 Nov 2024 | €29.6b | €26.4b | €1.3b | 25x | 23.5x | 1.1x |
| Sun, 27 Oct 2024 | €33.3b | €26.4b | €1.3b | 23.7x | 26.5x | 1.3x |
| Tue, 24 Sep 2024 | €30.3b | €26.8b | €1.3b | 23.7x | 24x | 1.1x |
| Thu, 22 Aug 2024 | €29.9b | €26.8b | €1.3b | 22.3x | 23.7x | 1.1x |
| Sat, 20 Jul 2024 | €27.8b | €26.8b | €1.2b | 21.4x | 22.3x | 1x |
| Mon, 17 Jun 2024 | €28.0b | €27.8b | €1.1b | 22.3x | 24.5x | 1x |
| Wed, 15 May 2024 | €29.4b | €27.8b | €1.1b | 22.4x | 25.8x | 1.1x |
| Fri, 12 Apr 2024 | €26.7b | €29.0b | €1.0b | 19.7x | 26.5x | 0.9x |
| Sun, 10 Mar 2024 | €27.6b | €29.0b | €1.0b | 19.4x | 27.4x | 1x |
| Tue, 06 Feb 2024 | €27.4b | €29.1b | €1.0b | 19.1x | 26.3x | 0.9x |
| Thu, 04 Jan 2024 | €26.7b | €31.1b | €4.2b | 17.2x | 6.3x | 0.9x |
| Sat, 02 Dec 2023 | €27.0b | €31.1b | €4.2b | 16.4x | 6.4x | 0.9x |
| Mon, 30 Oct 2023 | €25.6b | €31.1b | €4.2b | 13.7x | 6.1x | 0.8x |
| Wed, 27 Sep 2023 | €28.4b | €32.3b | €4.5b | 17.4x | 6.3x | 0.9x |
| Fri, 25 Aug 2023 | €29.0b | €32.3b | €4.5b | 19.4x | 6.4x | 0.9x |
| Sun, 23 Jul 2023 | €30.1b | €32.2b | €4.5b | 22x | 6.7x | 0.9x |
| Tue, 20 Jun 2023 | €33.2b | €32.4b | €4.7b | 23.9x | 7.1x | 1x |
| Thu, 18 May 2023 | €32.3b | €32.4b | €4.7b | 25.6x | 6.9x | 1x |
| Sat, 15 Apr 2023 | €37.4b | €31.8b | €4.5b | 27.8x | 8.2x | 1.2x |
| Mon, 13 Mar 2023 | €36.8b | €31.7b | €4.6b | 27.3x | 8.1x | 1.2x |
| Wed, 08 Feb 2023 | €35.8b | €31.8b | €4.6b | 27.5x | 7.8x | 1.1x |
Price to Earnings Ratio
7.8x
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 56.5x which is higher than its 3-year average PE of 20.8x.
- 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 47% per year over the last three years,
- Revenues have also declined 6.1% 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 | -1.06% | |
| Tech | -4.65% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| Electronic Equipment and Components | -2.83% | |
| IT | -3.12% | |
| Communications | -4.86% | |
| Software | -5.55% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 18.2x.
- Analysts are expecting annual earnings growth of 32.6%, 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 77% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TEM1V Tecnotree Oyj | €5.61 | 38.5% +€59.0m | 42.0% | PE19.6x | |
| SCANFL Scanfil Oyj | €11.30 | 6.4% +€44.5m | 38.0% | PE19.9x | |
| WITH WithSecure Oyj | €1.72 | 0.2% +€698.8k | 102.4% | PS2.5x | |
| DWF Digital Workforce Services Oyj | €2.53 | 1.6% +€411.1k | -35.1% | PS1.1x | |
| QPR1V QPR Software Oyj | €0.90 | 2.0% +€353.9k | -15.5% | PS2.8x |
