Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Finnish (OMX) Tech Sector Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies30
  • 7D2.3%
  • 3M41.4%
  • 1Y78.6%
  • YTD48.5%

Over the last 7 days, the Tech industry has risen 2.3%, driven by gains from Nokia Oyj of 3.5%. In the same time, Bittium Oyj was down 9.2%. This takes the industry's 12 month performance to a gain of 79%. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026€59.0b€25.6b€1.0b22.5x57x2.3x
Tue, 24 Mar 2026€46.8b€25.5b€884.0m22.2x52.9x1.8x
Thu, 19 Feb 2026€44.0b€25.4b€868.7m25.1x50.6x1.7x
Sat, 17 Jan 2026€41.4b€26.3b€905.7m25.2x45.7x1.6x
Mon, 15 Dec 2025€38.2b€26.3b€905.7m24.9x42.2x1.5x
Wed, 12 Nov 2025€40.7b€26.3b€912.7m24.2x44.6x1.5x
Fri, 10 Oct 2025€32.7b€25.7b€959.1m25x34.1x1.3x
Sun, 07 Sep 2025€29.6b€25.7b€964.3m24.6x30.7x1.1x
Tue, 05 Aug 2025€28.0b€25.7b€981.7m26.7x28.5x1.1x
Thu, 03 Jul 2025€32.7b€25.7b€1.4b25.6x24x1.3x
Sat, 31 May 2025€33.5b€25.7b€1.4b25.8x24.6x1.3x
Mon, 28 Apr 2025€32.3b€25.8b€1.4b24.2x23.5x1.3x
Wed, 26 Mar 2025€36.2b€25.8b€1.9b25.3x19.3x1.4x
Fri, 21 Feb 2025€35.3b€25.8b€1.9b21.5x18.8x1.4x
Sun, 19 Jan 2025€33.0b€26.4b€1.3b26x26.2x1.3x
Tue, 17 Dec 2024€31.7b€26.4b€1.3b25.2x25.2x1.2x
Thu, 14 Nov 2024€31.3b€26.4b€1.3b24.9x24.9x1.2x
Sat, 12 Oct 2024€31.1b€26.7b€1.3b23.9x24.7x1.2x
Mon, 09 Sep 2024€30.5b€26.8b€1.3b23.2x24.2x1.1x
Wed, 07 Aug 2024€27.7b€26.9b€1.3b20.3x22.1x1x
Fri, 05 Jul 2024€29.2b€27.8b€1.1b23x25.6x1.1x
Sun, 02 Jun 2024€29.2b€27.8b€1.1b23.8x25.6x1.1x
Tue, 30 Apr 2024€27.8b€27.8b€1.2b20.8x24x1x
Thu, 28 Mar 2024€27.4b€29.0b€1.0b19.3x27.2x0.9x
Sat, 24 Feb 2024€27.4b€29.0b€1.0b20.1x27.2x0.9x
Mon, 22 Jan 2024€26.6b€31.1b€4.2b16.7x6.3x0.9x
Wed, 20 Dec 2023€26.4b€31.1b€4.2b16.7x6.2x0.8x
Fri, 17 Nov 2023€27.7b€31.1b€4.2b17.2x6.5x0.9x
Sun, 15 Oct 2023€27.4b€32.4b€4.5b16x6.1x0.8x
Tue, 12 Sep 2023€30.3b€32.3b€4.5b17.7x6.7x0.9x
Thu, 10 Aug 2023€29.7b€32.3b€4.5b21.1x6.6x0.9x
Sat, 08 Jul 2023€32.0b€32.4b€4.7b23.8x6.8x1x
Mon, 05 Jun 2023€32.8b€32.4b€4.7b25.1x7x1x
Wed, 03 May 2023€32.6b€32.4b€4.7b26.7x7x1x
Price to Earnings Ratio

7x


Total Market Cap: €32.6bTotal Earnings: €4.7bTotal Revenue: €32.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 24.5x202420252026
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 57.0x which is higher than its 3-year average PE of 24.5x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 40% per year over the last three years,
  • Revenues have also declined 7.5% 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-0.81%
Tech2.34%
Communications3.46%
Tech Hardware0%0
Semiconductors0%0
Electronic Equipment and Components-1.03%
IT-2.28%
Software-7.73%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings decline of 35.4% 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 22.2x.
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 15% 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€8.953.5%
+€1.7b		104.2%PE64.8x
DIGIA Digia Oyj€5.903.5%
+€5.3m		-5.1%PE12.3x
LOIHDE Loihde Oyj€14.955.7%
+€4.6m		21.5%PE36.9x
TEM1V Tecnotree Oyj€5.742.9%
+€3.6m		79.9%PE12.8x
DWF Digital Workforce Services Oyj€2.665.6%
+€1.6m		-22.7%PS1.1x

Latest News

DETEC
€9.26
Detection Technology Oyj
7D
-5.5%
1Y
-12.6%

Results: Detection Technology Oyj Exceeded Expectations And The Consensus Has Updated Its Estimates

Apr 26
Results: Detection Technology Oyj Exceeded Expectations And The Consensus Has Updated Its Estimates
VAIAS
€49.55
Vaisala Oyj
7D
-1.1%
1Y
5.4%
NOKIA
€8.95
Nokia Oyj
7D
3.5%
1Y
104.2%
QTCOM
€18.83
Qt Group Oyj
7D
-13.9%
1Y
-66.9%

QTCOM: Future Margin Discipline Will Support Upside Despite Recent Downgrade

Analysts have trimmed their fair value estimate for Qt Group Oyj from €29.25 to €27.00, citing updated assumptions for growth, profitability and P/E, as well as a more cautious stance reflected in recent research. Analyst Commentary Recent research has become more cautious on Qt Group Oyj, with at least one downgrade reinforcing a more conservative stance on valuation and execution.
DIGIA
€5.90
Digia Oyj
7D
3.5%
1Y
-5.1%
BITTI
€35.45
Bittium Oyj
7D
-9.2%
1Y
358.0%
SSH1V
€2.14
SSH Communications Security Oyj
7D
-10.7%
1Y
75.7%
LOIHDE
€14.95
Loihde Oyj
7D
5.7%
1Y
21.5%
GOFORE
€12.78
Gofore Oyj
7D
-9.7%
1Y
-29.3%

GOFORE: Espoo ICT Contract And Dividend Will Support Steady Outlook

Analysts have kept their €15.25 price target for Gofore Oyj unchanged, reflecting only slight technical adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, rather than a shift in their core view. What's in the News Gofore Lead Oy, together with Nostrum IT Oy, has been selected as the priority supplier for the City of Espoo's ICT consulting expert services framework agreement, with an estimated total procurement value of approximately €44 million over a seven year period and no minimum purchase obligation for the customer (Key Developments).
CANATU
€7.70
Canatu Oyj
7D
-4.9%
1Y
-26.0%
TIETO
€18.30
Tieto Oyj
7D
-2.1%
1Y
14.4%

TIETO: Share Buybacks And Delisting Plan Will Support Stronger Future Returns

Analysts have lifted their fair value estimate for Tieto Oyj to €24.0 from €21.0, pointing to updated assumptions for revenue growth, profit margins and future P/E levels as the key drivers behind the higher price target. What's in the News On March 30, 2026, TietoEVRY Oyj formally changed its name to Tieto Oyj, following earlier proposals to update the company name and domicile in the Articles of Association.
DWF
€2.66
Digital Workforce Services Oyj
7D
5.6%
1Y
-22.7%
LEADD
€4.07
LeadDesk Oyj
7D
4.4%
1Y
-35.4%

LEADD: Higher Future P/E Will Support Upside With Stable Profitability

Analysts keep the fair value estimate for LeadDesk Oyj steady at €6.80, indicating only small model adjustments in the discount rate and long term profit and P/E assumptions rather than any shift in their core view of the shares. Valuation Changes Fair Value: €6.80 remains unchanged, indicating no revision to the headline valuation outcome.
TEM1V
€5.74
Tecnotree Oyj
7D
2.9%
1Y
79.9%
ACG1V
€4.88
Aspocomp Group Oyj
7D
3.2%
1Y
-4.7%
QPR1V
€0.64
QPR Software Oyj
7D
8.8%
1Y
-31.2%