Header cover image

Finnish (OMX) IT Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies7
  • 7D1.7%
  • 3M15.4%
  • 1Y-2.9%
  • YTD2.4%

Over the last 7 days, the IT industry has remained flat, although notably Digitalist Group declined by 12%. As for the longer term, the industry has declined 6.0% in the last year. Earnings are forecast to grow by 78% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026€2.7b€3.4b-€115,000,404.0029.2x-23.6x0.8x
Sat, 06 Dec 2025€2.7b€3.4b-€115,000,404.0027.5x-23.2x0.8x
Mon, 03 Nov 2025€2.7b€3.4b-€115,000,404.0030.5x-23.5x0.8x
Wed, 01 Oct 2025€2.3b€3.4b-€129,171,404.0016.5x-18.2x0.7x
Fri, 29 Aug 2025€2.4b€3.4b-€129,171,404.0017.7x-18.7x0.7x
Sun, 27 Jul 2025€2.4b€3.4b-€121,662,404.0016.4x-20x0.7x
Tue, 24 Jun 2025€2.5b€3.4b-€44,142,404.0021.7x-56.1x0.7x
Thu, 22 May 2025€2.5b€3.4b-€44,142,404.0018.1x-56.8x0.7x
Sat, 19 Apr 2025€2.5b€3.4b-€30,026,404.0015.4x-81.6x0.7x
Mon, 17 Mar 2025€3.0b€3.4b-€30,026,105.0017.1x-98.6x0.9x
Wed, 12 Feb 2025€2.9b€3.5b€190.9m16.5x15.1x0.8x
Fri, 10 Jan 2025€2.8b€3.5b€190.9m16.3x14.6x0.8x
Sun, 08 Dec 2024€2.7b€3.5b€190.9m16.2x14.3x0.8x
Tue, 05 Nov 2024€2.7b€3.5b€191.0m15.7x14.2x0.8x
Thu, 03 Oct 2024€2.8b€3.5b€194.5m16.5x14.6x0.8x
Sat, 31 Aug 2024€2.9b€3.5b€194.5m17x15.1x0.8x
Mon, 29 Jul 2024€2.9b€3.5b€193.6m13.9x14.9x0.8x
Wed, 26 Jun 2024€2.8b€3.5b€190.3m14x14.9x0.8x
Fri, 24 May 2024€3.0b€3.5b€190.3m14.8x15.9x0.9x
Sun, 21 Apr 2024€2.9b€3.5b€200.5m14.5x14.3x0.8x
Tue, 19 Mar 2024€3.0b€3.5b€201.6m14.7x14.8x0.9x
Thu, 15 Feb 2024€3.2b€3.5b€218.0m16x14.6x0.9x
Sat, 13 Jan 2024€3.3b€3.5b€217.0m17.1x15.2x0.9x
Mon, 11 Dec 2023€3.2b€3.5b€217.0m16.3x14.7x0.9x
Wed, 08 Nov 2023€3.2b€3.5b€217.0m16.1x14.6x0.9x
Fri, 06 Oct 2023€3.2b€3.6b€232.7m17.3x13.7x0.9x
Sun, 03 Sep 2023€3.5b€3.6b€232.6m19.4x15x1x
Tue, 01 Aug 2023€3.6b€3.5b€231.4m25.5x15.4x1x
Thu, 29 Jun 2023€3.9b€3.6b€228.1m30.2x17x1.1x
Sat, 27 May 2023€4.0b€3.6b€229.0m29.5x17.4x1.1x
Mon, 24 Apr 2023€4.4b€3.5b€210.5m33.5x20.8x1.2x
Wed, 22 Mar 2023€4.3b€3.5b€211.1m34x20.4x1.2x
Fri, 17 Feb 2023€4.5b€3.4b€225.9m28.8x19.8x1.3x
Sun, 15 Jan 2023€4.2b€3.4b€226.3m20.5x18.5x1.2x
Price to Earnings Ratio

18.5x


Total Market Cap: €4.2bTotal Earnings: €226.3mTotal Revenue: €3.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish IT Industry Price to Earnings3Y Average -2.4x202420252026
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 0.90x.
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 Market2.02%
Tech3.05%
IT1.75%
IT Consulting1.75%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 78% over the next 5 years.
    • This is better than its past earnings decline of 60% per year.
    • In contrast, the IT Consulting industry is expected to see its earnings grow by 78% 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€18.682.1%
    +€45.0m
    5.8%PS0.8x
    GOFORE Gofore Oyj€13.540.4%
    +€956.0k
    -40.6%PE29.2x
    SIILI Siili Solutions Oyj€4.711.7%
    +€648.7k
    -19.1%PE73.4x
    DIGIA Digia Oyj€6.660.3%
    +€533.9k
    -2.1%PE15.3x