Finnish (OMX) IT Industry Analysis

UpdatedJul 03, 2025

DataAggregated Company Financials

Companies7

7D0.3%
3M8.3%
1Y-11.3%
YTD-6.4%

The IT is pretty flat in the last 7 days, but Gofore Oyj has stood out, gaining 4.3%. Unfortunately though, the industry is down 11% over the past 12 months. As for the next few years, earnings are expected to grow by 52% per annum.

Industry Valuation and Performance

Has the Finnish IT Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 06 Jul 2025	€2.5b	€3.4b	-€44,142,404.00	17.9x	-57.5x	0.7x
Tue, 03 Jun 2025	€2.5b	€3.4b	-€44,142,404.00	19.3x	-57.6x	0.7x
Thu, 01 May 2025	€2.4b	€3.4b	-€44,142,404.00	17x	-55.1x	0.7x
Sat, 29 Mar 2025	€2.6b	€3.4b	-€30,026,404.00	17x	-85.7x	0.7x
Mon, 24 Feb 2025	€2.8b	€3.4b	-€32,936,884.00	19x	-85.6x	0.8x
Wed, 22 Jan 2025	€2.8b	€3.5b	€190.9m	16x	14.4x	0.8x
Fri, 20 Dec 2024	€2.6b	€3.5b	€190.9m	15.8x	13.7x	0.8x
Sun, 17 Nov 2024	€2.7b	€3.5b	€191.0m	17x	14.2x	0.8x
Tue, 15 Oct 2024	€2.7b	€3.5b	€194.5m	16.3x	13.8x	0.8x
Thu, 12 Sep 2024	€2.9b	€3.5b	€194.5m	16.8x	14.7x	0.8x
Sat, 10 Aug 2024	€2.8b	€3.5b	€193.6m	14.1x	14.5x	0.8x
Mon, 08 Jul 2024	€2.9b	€3.5b	€190.6m	14.1x	15.2x	0.8x
Wed, 05 Jun 2024	€2.9b	€3.5b	€190.3m	14.2x	15.4x	0.8x
Fri, 03 May 2024	€2.8b	€3.5b	€190.3m	13.6x	14.8x	0.8x
Sun, 31 Mar 2024	€3.0b	€3.5b	€201.6m	14.4x	14.7x	0.9x
Tue, 27 Feb 2024	€3.2b	€3.5b	€201.0m	16.4x	16.1x	0.9x
Thu, 25 Jan 2024	€3.3b	€3.5b	€217.0m	16.9x	15.2x	0.9x
Sat, 23 Dec 2023	€3.3b	€3.5b	€217.0m	16.7x	15.2x	0.9x
Mon, 20 Nov 2023	€3.3b	€3.5b	€217.0m	17.3x	15.1x	0.9x
Wed, 18 Oct 2023	€3.3b	€3.6b	€232.7m	17.9x	14.1x	0.9x
Fri, 15 Sep 2023	€3.4b	€3.6b	€232.6m	18.3x	14.8x	1x
Sun, 13 Aug 2023	€3.4b	€3.6b	€230.9m	22.2x	14.9x	1x
Tue, 11 Jul 2023	€3.7b	€3.6b	€228.1m	29.7x	16.4x	1x
Thu, 08 Jun 2023	€4.0b	€3.6b	€229.0m	30x	17.3x	1.1x
Sat, 06 May 2023	€4.1b	€3.6b	€229.0m	30.2x	18x	1.2x
Mon, 03 Apr 2023	€4.3b	€3.5b	€211.1m	32.9x	20.6x	1.2x
Wed, 01 Mar 2023	€4.5b	€3.3b	€200.4m	35x	22.5x	1.4x
Fri, 27 Jan 2023	€4.2b	€3.4b	€226.3m	20.9x	18.5x	1.2x
Sun, 25 Dec 2022	€4.0b	€3.4b	€226.3m	20.4x	17.7x	1.2x
Tue, 22 Nov 2022	€3.9b	€3.4b	€226.3m	19.2x	17.1x	1.1x
Thu, 20 Oct 2022	€3.5b	€3.4b	€215.3m	18.6x	16.4x	1x
Sat, 17 Sep 2022	€3.9b	€3.3b	€220.2m	18.2x	17.7x	1.2x
Mon, 15 Aug 2022	€4.1b	€3.3b	€216.5m	23.9x	18.8x	1.2x
Wed, 13 Jul 2022	€3.7b	€3.3b	€312.9m	21.9x	11.9x	1.1x

Price to Earnings Ratio

11.9x

Wed, 13 Jul 2022

Current Industry PE

Investors are pessimistic on the Finnish IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading close to its 3-year average PS ratio of 0.98x.

Past Earnings Growth

Total earnings for the IT industry have declined over the last three years, with the industry now making a loss overall.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Finnish Tech industry?


FI Market	0.22%
Tech	0.70%
IT	0.33%
IT Consulting	0.33%

Industry PE

Forecasted Growth

Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 52% over the next 5 years.
This is better than its past earnings decline of 16% per year.