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Finnish (OMX) Tech Sector Analysis
UpdatedApr 12, 2026
DataAggregated Company Financials
Companies30
- 7D7.5%
- 3M33.3%
- 1Y65.4%
- YTD35.3%
The Tech industry is up 7.5% in the last week, with Nokia Oyj up 9.3%. During this same period, the Tieto Oyj underperformed, falling 5.4%. This takes the industry's 12 month performance to a gain of 65%. As for the next few years, earnings are expected to grow by 24% per annum.
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, 12 Apr 2026 | €53.7b | €25.5b | €884.0m | 23.3x | 60.8x | 2.1x |
| Tue, 10 Mar 2026 | €45.9b | €25.4b | €878.8m | 24.2x | 52.3x | 1.8x |
| Thu, 05 Feb 2026 | €41.0b | €26.3b | €696.0m | 24.7x | 59x | 1.6x |
| Sat, 03 Jan 2026 | €39.9b | €26.3b | €905.7m | 25.1x | 44.1x | 1.5x |
| Mon, 01 Dec 2025 | €37.9b | €26.3b | €912.7m | 25x | 41.5x | 1.4x |
| Wed, 29 Oct 2025 | €44.6b | €26.3b | €912.5m | 25.9x | 48.9x | 1.7x |
| Fri, 26 Sep 2025 | €30.3b | €25.7b | €959.1m | 24.1x | 31.6x | 1.2x |
| Sun, 24 Aug 2025 | €28.8b | €25.7b | €964.5m | 24.2x | 29.8x | 1.1x |
| Tue, 22 Jul 2025 | €31.7b | €25.7b | €1.4b | 26x | 23.3x | 1.2x |
| Thu, 19 Jun 2025 | €33.0b | €25.7b | €1.4b | 25.1x | 24.2x | 1.3x |
| Sat, 17 May 2025 | €33.7b | €25.7b | €1.4b | 25x | 24.7x | 1.3x |
| Mon, 14 Apr 2025 | €31.8b | €25.8b | €1.9b | 22.9x | 16.9x | 1.2x |
| Wed, 12 Mar 2025 | €35.3b | €25.8b | €1.9b | 25.8x | 18.8x | 1.4x |
| Fri, 07 Feb 2025 | €34.3b | €25.8b | €2.0b | 23.4x | 16.8x | 1.3x |
| Sun, 05 Jan 2025 | €32.0b | €26.4b | €1.3b | 25.3x | 25.4x | 1.2x |
| Tue, 03 Dec 2024 | €29.9b | €26.4b | €1.3b | 24.6x | 23.7x | 1.1x |
| Thu, 31 Oct 2024 | €33.1b | €26.4b | €1.3b | 22.8x | 26.3x | 1.3x |
| Sat, 28 Sep 2024 | €31.2b | €26.8b | €1.3b | 23.8x | 24.7x | 1.2x |
| Mon, 26 Aug 2024 | €30.1b | €26.8b | €1.3b | 22.4x | 23.9x | 1.1x |
| Wed, 24 Jul 2024 | €28.2b | €26.8b | €1.2b | 21.3x | 22.7x | 1x |
| Fri, 21 Jun 2024 | €28.3b | €27.8b | €1.1b | 22.2x | 24.7x | 1x |
| Sun, 19 May 2024 | €29.3b | €27.8b | €1.1b | 22x | 25.7x | 1.1x |
| Tue, 16 Apr 2024 | €26.3b | €29.0b | €1.0b | 19.7x | 26.1x | 0.9x |
| Thu, 14 Mar 2024 | €27.6b | €29.0b | €1.0b | 17.7x | 27.4x | 1x |
| Sat, 10 Feb 2024 | €27.4b | €29.1b | €1.0b | 21x | 26.4x | 0.9x |
| Mon, 08 Jan 2024 | €27.2b | €31.1b | €4.2b | 16.9x | 6.5x | 0.9x |
| Wed, 06 Dec 2023 | €24.6b | €31.1b | €4.2b | 16.2x | 5.8x | 0.8x |
| Fri, 03 Nov 2023 | €26.3b | €31.1b | €4.2b | 15.3x | 6.2x | 0.8x |
| Sun, 01 Oct 2023 | €28.7b | €32.3b | €4.5b | 17.7x | 6.4x | 0.9x |
| Tue, 29 Aug 2023 | €29.3b | €32.3b | €4.5b | 19.4x | 6.5x | 0.9x |
| Thu, 27 Jul 2023 | €30.4b | €32.2b | €4.5b | 23.1x | 6.7x | 0.9x |
| Sat, 24 Jun 2023 | €31.9b | €32.4b | €4.7b | 24.7x | 6.8x | 1x |
| Mon, 22 May 2023 | €33.0b | €32.4b | €4.7b | 26.2x | 7x | 1x |
| Wed, 19 Apr 2023 | €36.1b | €31.8b | €4.5b | 28.1x | 7.9x | 1.1x |
Price to Earnings Ratio
7.9x
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 60.8x which is higher than its 3-year average PE of 23.8x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 42% per year over the last three years,
- Revenues have also declined 7.1% 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 | 3.49% | |
| Tech | 7.51% | |
| Communications | 9.28% | |
| Electronic Equipment and Components | 3.53% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| Software | -2.21% | |
| IT | -4.55% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 21.6x.
- Analysts are expecting annual earnings growth of 23.6%, which is higher than its past year's earnings decline of 63.1% per year.
- Investors are most pessimistic about the Electronic Equipment and Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 64% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 14% 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 | €8.03 | 9.3% +€3.8b | 86.4% | PE71.6x | |
| VAIAS Vaisala Oyj | €47.25 | 4.4% +€72.6m | 14.0% | PE28.7x | |
| SCANFL Scanfil Oyj | €11.90 | 2.4% +€18.9m | 42.0% | PE19.1x | |
| ICP1V Incap Oyj | €10.00 | 4.4% +€12.4m | -2.7% | PE21.1x | |
| LOIHDE Loihde Oyj | €13.80 | 8.7% +€6.4m | 11.7% | PE34.1x |
