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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies29
  • 7D-0.08%
  • 3M1.8%
  • 1Y13.5%
  • YTD5.1%

The Tech is pretty flat in the last 7 days, but TietoEVRY Oyj has stood out, gaining 11%. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, 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, 14 Feb 2026€41.7b€25.4b€854.3m25.2x48.8x1.6x
Mon, 12 Jan 2026€40.7b€26.3b€905.7m25.7x44.9x1.5x
Wed, 10 Dec 2025€38.6b€26.3b€905.7m24.9x42.7x1.5x
Fri, 07 Nov 2025€40.9b€26.3b€912.7m24.5x44.8x1.6x
Sun, 05 Oct 2025€31.7b€25.7b€959.1m25.3x33.1x1.2x
Tue, 02 Sep 2025€28.7b€25.7b€960.1m24.7x29.9x1.1x
Thu, 31 Jul 2025€28.4b€25.7b€981.7m27.5x28.9x1.1x
Sat, 28 Jun 2025€32.6b€25.7b€1.4b25.7x23.9x1.3x
Mon, 26 May 2025€34.0b€25.7b€1.4b24.9x24.9x1.3x
Wed, 23 Apr 2025€33.6b€25.8b€1.9b24.1x17.9x1.3x
Fri, 21 Mar 2025€36.2b€25.8b€1.9b25.5x19.3x1.4x
Sun, 16 Feb 2025€35.3b€25.8b€1.9b21.2x19x1.4x
Tue, 14 Jan 2025€32.2b€26.4b€1.3b25.6x25.6x1.2x
Thu, 12 Dec 2024€31.5b€26.4b€1.3b24.7x25x1.2x
Sat, 09 Nov 2024€31.6b€26.4b€1.3b25x25.2x1.2x
Mon, 07 Oct 2024€31.3b€26.8b€1.3b24x24.8x1.2x
Wed, 04 Sep 2024€31.4b€26.8b€1.3b23.5x24.9x1.2x
Fri, 02 Aug 2024€29.6b€26.9b€1.3b21.6x23.6x1.1x
Sun, 30 Jun 2024€28.8b€27.8b€1.1b22.9x25.2x1x
Tue, 28 May 2024€29.2b€27.8b€1.1b23x25.6x1.1x
Thu, 25 Apr 2024€27.6b€27.8b€1.2b21x23.8x1x
Sat, 23 Mar 2024€27.0b€29.0b€1.0b18.6x26.8x0.9x
Mon, 19 Feb 2024€27.5b€29.1b€1.0b22.7x27x0.9x
Wed, 17 Jan 2024€27.5b€31.1b€4.2b17.1x6.5x0.9x
Fri, 15 Dec 2023€26.5b€31.1b€4.2b16.5x6.3x0.9x
Sun, 12 Nov 2023€26.9b€31.1b€4.2b16.4x6.4x0.9x
Tue, 10 Oct 2023€27.5b€32.4b€4.5b16.3x6.1x0.8x
Thu, 07 Sep 2023€30.6b€32.3b€4.5b17.9x6.8x0.9x
Sat, 05 Aug 2023€29.8b€32.3b€4.5b22.6x6.6x0.9x
Mon, 03 Jul 2023€32.4b€32.4b€4.7b23.9x6.9x1x
Wed, 31 May 2023€32.6b€32.4b€4.7b25x7x1x
Fri, 28 Apr 2023€32.8b€32.4b€4.7b26.7x7x1x
Sun, 26 Mar 2023€35.3b€31.7b€4.5b25.7x7.8x1.1x
Tue, 21 Feb 2023€36.7b€31.8b€4.5b28.6x8.1x1.2x
Price to Earnings Ratio

8.1x


Total Market Cap: €36.7bTotal Earnings: €4.5bTotal Revenue: €31.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 21.4x202420252026
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 59.3x which is higher than its 3-year average PE of 21.4x.
  • 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 Market-0.56%
Tech-0.079%
IT8.16%
Electronic Equipment and Components2.69%
Tech Hardware0%0
Semiconductors0%0
Communications-0.27%
Software-8.45%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 18.7x.
    • 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 65% 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?

CompanyLast Price7D1YValuation
TIETO TietoEVRY Oyj€19.5611.4%
+€236.8m		6.8%PE90.5x
VAIAS Vaisala Oyj€44.805.5%
+€85.2m		-17.3%PE25.8x
CANATU Canatu Oyj€9.848.4%
+€26.4m		-24.3%PS30.6x
BOREO Boreo Oyj€16.5017.9%
+€6.7m		43.5%PE33.1x
LOIHDE Loihde Oyj€12.508.7%
+€5.8m		1.2%PS0.5x

Latest News

LOIHDE
€12.50
Loihde Oyj
7D
8.7%
1Y
1.2%
BOREO
€16.50
Boreo Oyj
7D
17.9%
1Y
43.5%

Boreo Oyj (HEL:BOREO) Shares Could Be 50% Below Their Intrinsic Value Estimate

Feb 14
Boreo Oyj (HEL:BOREO) Shares Could Be 50% Below Their Intrinsic Value Estimate
TIETO
€19.56
TietoEVRY Oyj
7D
11.4%
1Y
6.8%
QTCOM
€25.20
Qt Group Oyj
7D
-3.3%
1Y
-71.6%

Embedded Software Shift And IAR Integration Will Support Stronger Long Term Prospects

Catalysts About Qt Group Oyj Qt Group Oyj provides development tools and quality assurance products for building complex embedded software and graphical user interfaces. What are the underlying business or industry changes driving this perspective?
BITTI
€32.90
Bittium Oyj
7D
-14.3%
1Y
417.3%

Returns On Capital At Bittium Oyj (HEL:BITTI) Have Stalled

Feb 13
Returns On Capital At Bittium Oyj (HEL:BITTI) Have Stalled
ADMCM
€35.20
Admicom Oyj
7D
-8.1%
1Y
-32.6%

Admicom Oyj (HEL:ADMCM) Stocks Pounded By 25% But Not Lagging Market On Growth Or Pricing

Feb 13
Admicom Oyj (HEL:ADMCM) Stocks Pounded By 25% But Not Lagging Market On Growth Or Pricing
VAIAS
€44.80
Vaisala Oyj
7D
5.5%
1Y
-17.3%

VAIAS: Dividend Proposal And 2026 Guidance Will Support Upside Potential

Analysts have nudged their price target on Vaisala Oyj slightly lower to €52.20 from €53.80, reflecting updated assumptions that now include a higher 7.46% discount rate, more moderate 4.85% revenue growth expectations, a marginally adjusted 12.25% profit margin outlook, and a slightly lower future P/E of 27.43x. What's in the News Board of Directors proposes a dividend of €0.86 per share from fiscal 2025 distributable earnings, with payment to shareholders on the dividend record date of March 26, 2026, excluding treasury shares (Key Developments).
SSH1V
€2.60
SSH Communications Security Oyj
7D
-8.1%
1Y
116.7%
CANATU
€9.84
Canatu Oyj
7D
8.4%
1Y
-24.3%
DETEC
€11.30
Detection Technology Oyj
7D
-5.4%
1Y
-28.3%

DETEC: India Facility Expansion Will Support Future Upside Despite Lower Dividend

Analysts have slightly reduced their price target on Detection Technology Oyj from €15.0 to €14.7, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Detection Technology Oyj announced a dividend of €0.30 per share for the January to December 2025 period, compared with €0.50 previously.
SCANFL
€10.96
Scanfil Oyj
7D
-1.4%
1Y
31.1%

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
€5.87
Nokia Oyj
7D
-0.3%
1Y
22.9%

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.
WITH
€1.72
WithSecure Oyj
7D
0.2%
1Y
102.4%
VINCIT
€1.28
Vincit Oyj
7D
2.4%
1Y
-27.3%
GOFORE
€11.00
Gofore Oyj
7D
-8.6%
1Y
-49.1%
ICP1V
€9.80
Incap Oyj
7D
2.0%
1Y
-18.0%