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Finnish (OMX) Tech Sector Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies30
  • 7D5.0%
  • 3M50.1%
  • 1Y87.1%
  • YTD54.7%

In the last week, the Tech industry is up 5.0%, with Nokia Oyj up 6.5%. During this same period, the Bittium Oyj underperformed, falling 8.7%. In the last 12 months, the industry was up 87%. 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
Thu, 30 Apr 2026€61.5b€25.6b€1.0b22.2x59.4x2.4x
Sat, 28 Mar 2026€46.8b€25.5b€884.0m22.9x53x1.8x
Mon, 23 Feb 2026€44.8b€25.4b€890.8m25.2x50.3x1.8x
Wed, 21 Jan 2026€40.4b€26.3b€905.7m25.3x44.6x1.5x
Fri, 19 Dec 2025€39.1b€26.3b€905.7m24.4x43.2x1.5x
Sun, 16 Nov 2025€40.3b€26.3b€912.7m24.2x44.1x1.5x
Tue, 14 Oct 2025€32.8b€25.7b€959.1m24.2x34.2x1.3x
Thu, 11 Sep 2025€29.7b€25.7b€964.3m24.4x30.8x1.2x
Sat, 09 Aug 2025€27.8b€25.7b€971.6m24.2x28.6x1.1x
Mon, 07 Jul 2025€32.8b€25.7b€1.4b26.3x24.1x1.3x
Wed, 04 Jun 2025€33.8b€25.7b€1.4b25.3x24.8x1.3x
Fri, 02 May 2025€32.2b€25.7b€1.4b24.2x23.6x1.3x
Sun, 30 Mar 2025€35.4b€25.8b€1.9b24.8x18.8x1.4x
Tue, 25 Feb 2025€34.9b€25.8b€1.9b21.6x18.6x1.4x
Thu, 23 Jan 2025€33.2b€26.4b€1.3b26.3x26.4x1.3x
Sat, 21 Dec 2024€31.4b€26.4b€1.3b25x25x1.2x
Mon, 18 Nov 2024€31.5b€26.4b€1.3b25x25.1x1.2x
Wed, 16 Oct 2024€31.4b€26.7b€1.3b24x24.9x1.2x
Fri, 13 Sep 2024€30.1b€26.8b€1.3b22.9x23.9x1.1x
Sun, 11 Aug 2024€28.5b€26.9b€1.3b20.9x22.6x1.1x
Tue, 09 Jul 2024€29.3b€27.8b€1.1b23.3x25.6x1.1x
Thu, 06 Jun 2024€29.5b€27.8b€1.1b24x25.9x1.1x
Sat, 04 May 2024€27.7b€27.8b€1.1b22.6x24.1x1x
Mon, 01 Apr 2024€27.2b€29.0b€1.0b19.4x27x0.9x
Wed, 28 Feb 2024€27.3b€29.0b€1.0b20.2x27.2x0.9x
Fri, 26 Jan 2024€29.0b€29.3b€1.0b19.2x28.4x1x
Sun, 24 Dec 2023€26.8b€31.1b€4.2b16.7x6.3x0.9x
Tue, 21 Nov 2023€27.3b€31.1b€4.2b17x6.5x0.9x
Thu, 19 Oct 2023€26.6b€32.4b€4.5b16.2x5.9x0.8x
Sat, 16 Sep 2023€30.1b€32.3b€4.5b17.5x6.7x0.9x
Mon, 14 Aug 2023€29.4b€32.3b€4.5b22.2x6.5x0.9x
Wed, 12 Jul 2023€32.2b€32.4b€4.7b23.7x6.9x1x
Fri, 09 Jun 2023€32.2b€32.4b€4.7b24.6x6.9x1x
Sun, 07 May 2023€32.5b€32.4b€4.7b26.2x6.9x1x
Price to Earnings Ratio

6.9x


Total Market Cap: €32.5bTotal Earnings: €4.7bTotal Revenue: €32.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 24.7x202420252026
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 59.4x which is higher than its 3-year average PE of 24.6x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.4x.
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-0.66%
Tech5.00%
Communications6.54%
Tech Hardware0%0
Semiconductors0%0
Electronic Equipment and Components-1.45%
IT-2.93%
Software-6.86%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 23.2%, 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€10.3121.2%
+€10.1b		134.9%PE74.7x
VAIAS Vaisala Oyj€49.401.9%
+€32.7m		5.4%PE29.1x
WITTED Witted Megacorp Oyj€1.5814.5%
+€3.1m		18.4%PS0.5x
ACG1V Aspocomp Group Oyj€4.816.2%
+€2.1m		-5.3%PE87.4x
TEM1V Tecnotree Oyj€5.770.7%
+€911.9k		61.2%PE12.9x

Latest News

GOFORE
€11.00
Gofore Oyj
7D
-16.4%
1Y
-30.2%
BITTI
€30.55
Bittium Oyj
7D
-17.9%
1Y
346.6%
TEM1V
€5.77
Tecnotree Oyj
7D
0.7%
1Y
61.2%
NOKIA
€10.31
Nokia Oyj
7D
21.2%
1Y
134.9%

NOKIA: Telecom Capex And Execution Risks Will Limit AI Networking Rerating

The analyst fair value estimate for Nokia Oyj has moved from €3.78 to €4.65, reflecting recent price target increases and a combination of upgrades and downgrades from several banks that cite updated views on margins, revenue expectations and Nokia's future P/E outlook. Analyst Commentary Recent research on Nokia Oyj shows a wide range of opinions, with some firms lifting price targets and others taking a more cautious line.
DETEC
€8.94
Detection Technology Oyj
7D
-9.0%
1Y
-17.2%

DETEC: Dividend Reset And 2026 Sales Guidance Will Support Future Upside

Analysts have trimmed their price target for Detection Technology Oyj from €14.70 to €13.20, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News New sales guidance indicates that total net sales are expected to grow year on year in both the second and third quarters of 2026.
WITTED
€1.58
Witted Megacorp Oyj
7D
14.5%
1Y
18.4%
SCANFL
€12.34
Scanfil Oyj
7D
-1.3%
1Y
41.5%

Earnings Miss: Scanfil Oyj Missed EPS By 12% And Analysts Are Revising Their Forecasts

Apr 27
Earnings Miss: Scanfil Oyj Missed EPS By 12% And Analysts Are Revising Their Forecasts
VAIAS
€49.40
Vaisala Oyj
7D
1.9%
1Y
5.4%
QTCOM
€18.81
Qt Group Oyj
7D
-2.7%
1Y
-67.1%

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.
NETUM
€1.18
Netum Group Oyj
7D
2.2%
1Y
-42.4%
ADMCM
€30.00
Admicom Oyj
7D
-7.1%
1Y
-42.9%

We Like Admicom Oyj's (HEL:ADMCM) Earnings For More Than Just Statutory Profit

Apr 22
We Like Admicom Oyj's (HEL:ADMCM) Earnings For More Than Just Statutory Profit
TIETO
€18.23
Tieto Oyj
7D
-3.3%
1Y
15.5%

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.
FSECURE
€1.71
F-Secure Oyj
7D
-3.3%
1Y
-12.1%
ACG1V
€4.81
Aspocomp Group Oyj
7D
6.2%
1Y
-5.3%