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Finnish (OMX) Tech Sector Analysis
UpdatedApr 13, 2026
DataAggregated Company Financials
Companies30
- 7D7.5%
- 3M32.6%
- 1Y61.0%
- YTD35.3%
In the last week, the Tech industry is up 7.5%, with Nokia Oyj up 9.3%. Meanwhile, Tieto Oyj actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 61%. Looking forward, earnings are forecast to grow by 24% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 13 Apr 2026 | €53.7b | €25.5b | €884.0m | 23.3x | 60.8x | 2.1x |
| Wed, 11 Mar 2026 | €46.2b | €25.4b | €880.6m | 24.2x | 52.5x | 1.8x |
| Fri, 06 Feb 2026 | €41.1b | €26.3b | €696.0m | 24.2x | 59.1x | 1.6x |
| Sun, 04 Jan 2026 | €39.9b | €26.3b | €905.7m | 25.1x | 44.1x | 1.5x |
| Tue, 02 Dec 2025 | €38.1b | €26.3b | €912.7m | 24.9x | 41.8x | 1.4x |
| Thu, 30 Oct 2025 | €43.0b | €26.3b | €911.5m | 25.8x | 47.2x | 1.6x |
| Sat, 27 Sep 2025 | €30.0b | €25.7b | €959.1m | 23.7x | 31.3x | 1.2x |
| Mon, 25 Aug 2025 | €28.8b | €25.7b | €964.5m | 24.2x | 29.8x | 1.1x |
| Wed, 23 Jul 2025 | €31.1b | €25.4b | €1.3b | 25.4x | 24.4x | 1.2x |
| Fri, 20 Jun 2025 | €32.6b | €25.7b | €1.4b | 25.4x | 23.9x | 1.3x |
| Sun, 18 May 2025 | €33.7b | €25.7b | €1.4b | 25x | 24.7x | 1.3x |
| Tue, 15 Apr 2025 | €32.7b | €25.8b | €1.9b | 23.6x | 17.4x | 1.3x |
| Thu, 13 Mar 2025 | €35.3b | €25.8b | €1.9b | 25.6x | 18.8x | 1.4x |
| Sat, 08 Feb 2025 | €34.5b | €25.8b | €2.1b | 20.4x | 16.8x | 1.3x |
| Mon, 06 Jan 2025 | €32.0b | €26.4b | €1.3b | 25.3x | 25.4x | 1.2x |
| Wed, 04 Dec 2024 | €29.9b | €26.4b | €1.3b | 23.8x | 23.8x | 1.1x |
| Fri, 01 Nov 2024 | €33.1b | €26.4b | €1.3b | 22.8x | 26.3x | 1.3x |
| Sun, 29 Sep 2024 | €31.2b | €26.8b | €1.3b | 23.8x | 24.7x | 1.2x |
| Tue, 27 Aug 2024 | €30.1b | €26.8b | €1.3b | 22.4x | 23.9x | 1.1x |
| Thu, 25 Jul 2024 | €27.9b | €26.9b | €1.2b | 21.1x | 22.4x | 1x |
| Sat, 22 Jun 2024 | €28.3b | €27.8b | €1.1b | 22.2x | 24.7x | 1x |
| Mon, 20 May 2024 | €29.3b | €27.8b | €1.1b | 22x | 25.7x | 1.1x |
| Wed, 17 Apr 2024 | €26.3b | €29.0b | €1.0b | 19.7x | 26.1x | 0.9x |
| Fri, 15 Mar 2024 | €27.7b | €29.0b | €1.0b | 18.1x | 27.4x | 1x |
| Sun, 11 Feb 2024 | €27.4b | €29.1b | €1.0b | 21x | 26.4x | 0.9x |
| Tue, 09 Jan 2024 | €27.4b | €31.1b | €4.2b | 17.1x | 6.5x | 0.9x |
| Thu, 07 Dec 2023 | €24.6b | €31.1b | €4.2b | 16.2x | 5.8x | 0.8x |
| Sat, 04 Nov 2023 | €26.7b | €31.1b | €4.2b | 15.1x | 6.3x | 0.9x |
| Mon, 02 Oct 2023 | €28.7b | €32.3b | €4.5b | 17.7x | 6.4x | 0.9x |
| Wed, 30 Aug 2023 | €30.0b | €32.3b | €4.5b | 19.5x | 6.6x | 0.9x |
| Fri, 28 Jul 2023 | €30.3b | €32.2b | €4.5b | 23.2x | 6.7x | 0.9x |
| Sun, 25 Jun 2023 | €31.9b | €32.4b | €4.7b | 24.7x | 6.8x | 1x |
| Tue, 23 May 2023 | €33.0b | €32.4b | €4.7b | 26.4x | 7x | 1x |
| Thu, 20 Apr 2023 | €35.6b | €31.7b | €4.5b | 27.5x | 7.8x | 1.1x |
Price to Earnings Ratio
7.8x
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 21.7x.
- 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 | €8.62 | 17.3% +€7.1b | 94.4% | PE76.8x | |
| VAIAS Vaisala Oyj | €47.40 | 4.8% +€78.0m | 8.5% | PE28.8x | |
| SCANFL Scanfil Oyj | €11.90 | 2.4% +€18.9m | 40.5% | PE19.1x | |
| ICP1V Incap Oyj | €10.14 | 5.8% +€16.5m | -5.6% | PE21.4x | |
| CANATU Canatu Oyj | €7.41 | 2.9% +€7.3m | -28.7% | PS15.4x |
