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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies29
  • 7D4.7%
  • 3M0.7%
  • 1Y17.5%
  • YTD6.4%

In the last week, the Tech industry is up 4.7%, with Nokia Oyj up 6.4%. This takes the industry's 12 month performance to a gain of 18%. 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
Wed, 11 Feb 2026€42.2b€26.3b€696.5m24.9x60.6x1.6x
Fri, 09 Jan 2026€40.4b€26.3b€905.7m25.6x44.6x1.5x
Sun, 07 Dec 2025€37.9b€26.1b€905.7m24.3x41.8x1.5x
Tue, 04 Nov 2025€42.2b€26.3b€912.0m24.6x46.3x1.6x
Thu, 02 Oct 2025€30.9b€25.7b€959.1m24.5x32.2x1.2x
Sat, 30 Aug 2025€28.5b€25.7b€964.5m24.8x29.6x1.1x
Mon, 28 Jul 2025€29.0b€25.7b€981.7m26.9x29.6x1.1x
Wed, 25 Jun 2025€33.1b€25.7b€1.4b25.9x24.2x1.3x
Fri, 23 May 2025€34.4b€25.7b€1.4b25.6x25.2x1.3x
Sun, 20 Apr 2025€33.2b€25.8b€1.9b24.1x17.7x1.3x
Tue, 18 Mar 2025€36.2b€25.8b€1.9b25.7x19.3x1.4x
Thu, 13 Feb 2025€35.0b€25.8b€2.0b20.4x17.1x1.4x
Sat, 11 Jan 2025€32.6b€26.4b€1.3b26x25.9x1.2x
Mon, 09 Dec 2024€31.1b€26.4b€1.3b24.2x24.7x1.2x
Wed, 06 Nov 2024€32.0b€26.4b€1.3b25.5x25.4x1.2x
Fri, 04 Oct 2024€31.0b€26.8b€1.3b23.4x24.6x1.2x
Sun, 01 Sep 2024€31.6b€26.8b€1.3b23.8x25.1x1.2x
Tue, 30 Jul 2024€28.8b€26.9b€1.3b21x23x1.1x
Thu, 27 Jun 2024€28.4b€27.8b€1.1b21.9x24.8x1x
Sat, 25 May 2024€29.2b€27.8b€1.1b23.2x25.6x1.1x
Mon, 22 Apr 2024€26.8b€27.8b€1.2b20.3x23.1x1x
Wed, 20 Mar 2024€26.7b€29.0b€1.0b17.9x26.5x0.9x
Fri, 16 Feb 2024€27.1b€29.1b€1.0b20.4x26x0.9x
Sun, 14 Jan 2024€27.4b€31.1b€4.2b17.1x6.5x0.9x
Tue, 12 Dec 2023€25.6b€31.1b€4.2b16.2x6.1x0.8x
Thu, 09 Nov 2023€27.0b€31.1b€4.2b14.8x6.4x0.9x
Sat, 07 Oct 2023€27.7b€32.4b€4.5b16.2x6.1x0.9x
Mon, 04 Sep 2023€30.4b€32.3b€4.5b16.7x6.7x0.9x
Wed, 02 Aug 2023€30.3b€32.3b€4.5b23.1x6.7x0.9x
Fri, 30 Jun 2023€32.4b€32.4b€4.7b23.8x6.9x1x
Sun, 28 May 2023€32.8b€32.4b€4.7b25.7x7x1x
Tue, 25 Apr 2023€33.2b€32.3b€4.7b26.6x7.1x1x
Thu, 23 Mar 2023€35.6b€31.7b€4.5b27.4x7.8x1.1x
Sat, 18 Feb 2023€36.9b€28.8b€4.5b28.6x8.1x1.3x
Price to Earnings Ratio

8.1x


Total Market Cap: €36.9bTotal Earnings: €4.5bTotal Revenue: €28.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 21.3x202420252026
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 60.6x which is higher than its 3-year average PE of 21.3x.
  • 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 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 Market0.14%
Tech4.68%
Communications6.36%
Tech Hardware0%0
Semiconductors0%0
Electronic Equipment and Components-0.32%
IT-1.46%
Software-2.48%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 18.6x.
    • 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 73% 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€6.075.4%
+€1.8b		27.6%PE54.1x
CANATU Canatu Oyj€9.507.2%
+€22.3m		-24.6%PS29.5x
DETEC Detection Technology Oyj€11.355.6%
+€8.8m		-26.3%PE25.8x
ICP1V Incap Oyj€9.820.9%
+€2.7m		-12.4%PE17.3x
DIGIA Digia Oyj€6.420.6%
+€1.1m		-3.6%PE13.3x

Latest News

CANATU
€9.50
Canatu Oyj
7D
7.2%
1Y
-24.6%
DIGIA
€6.42
Digia Oyj
7D
0.6%
1Y
-3.6%

Digia Oyj (HEL:DIGIA) Will Pay A Larger Dividend Than Last Year At €0.19

Feb 10
Digia Oyj (HEL:DIGIA) Will Pay A Larger Dividend Than Last Year At €0.19
FSECURE
€1.65
F-Secure Oyj
7D
-9.6%
1Y
-1.7%
BITTI
€35.15
Bittium Oyj
7D
-9.2%
1Y
454.4%

BITTI: NATO And Defence Contracts Will Still Not Justify High P/E

Analysts have kept their fair value estimate for Bittium Oyj steady at €29.57, with only small technical adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions shaping this narrative update. What's in the News Bittium entered a Basic Ordering Agreement with the NATO Communications and Information Agency, making the company a preferred supplier of secure mobile devices, software and accessories for NATO members and enabling faster procurement of its Commercial Off The Shelf solutions (Client Announcements).
DETEC
€11.35
Detection Technology Oyj
7D
5.6%
1Y
-26.3%
TIETO
€16.67
TietoEVRY Oyj
7D
-5.2%
1Y
-11.0%
DIGIGR
€2.56
Digitalist Group
7D
1.0%
1Y
-20.1%
NOKIA
€6.07
Nokia Oyj
7D
5.4%
1Y
27.6%

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
€41.85
Vaisala Oyj
7D
-2.2%
1Y
-22.5%

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

Jan 30
Vaisala Oyj (HEL:VAIAS) Could Easily Take On More Debt
QTCOM
€25.18
Qt Group Oyj
7D
-5.0%
1Y
-68.0%

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?
ADMCM
€36.00
Admicom Oyj
7D
-5.9%
1Y
-32.1%
WITH
€1.72
WithSecure Oyj
7D
0.2%
1Y
102.4%
BOREO
€14.05
Boreo Oyj
7D
0.4%
1Y
49.5%
SSH1V
€2.72
SSH Communications Security Oyj
7D
-3.5%
1Y
147.3%
GOFORE
€11.52
Gofore Oyj
7D
-10.4%
1Y
-46.7%
ICP1V
€9.82
Incap Oyj
7D
0.9%
1Y
-12.4%