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Finnish (OMX) IT Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies7
- 7D-3.5%
- 3M0.5%
- 1Y-9.6%
- YTD-2.6%
Over the last 7 days, the IT industry has dropped 3.5%, driven by TietoEVRY Oyj declining 6.7%. Meanwhile, Gofore Oyj actually outperformed within the industry, gaining 6.9% in the last week. The industry has fallen 9.6% in the last year. As for the next few years, earnings are expected to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | €2.6b | €2.5b | €44.3m | 28.9x | 58x | 1x |
| Fri, 23 Jan 2026 | €2.8b | €3.4b | -€115,000,404.00 | 29.5x | -24x | 0.8x |
| Sun, 21 Dec 2025 | €2.6b | €3.4b | -€115,000,404.00 | 28.9x | -23x | 0.8x |
| Tue, 18 Nov 2025 | €2.6b | €3.4b | -€115,000,404.00 | 29.8x | -22.6x | 0.8x |
| Thu, 16 Oct 2025 | €2.4b | €3.4b | -€129,171,404.00 | 15.4x | -18.6x | 0.7x |
| Sat, 13 Sep 2025 | €2.4b | €3.4b | -€129,171,404.00 | 17x | -18.8x | 0.7x |
| Mon, 11 Aug 2025 | €2.4b | €3.4b | -€122,607,404.00 | 16.5x | -19.4x | 0.7x |
| Wed, 09 Jul 2025 | €2.6b | €3.4b | -€44,142,404.00 | 19.1x | -58.3x | 0.8x |
| Fri, 06 Jun 2025 | €2.5b | €3.4b | -€44,142,404.00 | 18.7x | -56.9x | 0.7x |
| Sun, 04 May 2025 | €2.4b | €3.4b | -€44,142,404.00 | 17x | -55.5x | 0.7x |
| Tue, 01 Apr 2025 | €2.5b | €3.4b | -€30,026,404.00 | 16.8x | -84.3x | 0.7x |
| Thu, 27 Feb 2025 | €2.9b | €3.4b | -€30,509,884.00 | 17.4x | -94x | 0.8x |
| Sat, 25 Jan 2025 | €2.8b | €3.5b | €190.9m | 15.8x | 14.7x | 0.8x |
| Mon, 23 Dec 2024 | €2.6b | €3.5b | €190.9m | 16x | 13.8x | 0.8x |
| Wed, 20 Nov 2024 | €2.6b | €3.5b | €191.0m | 15.5x | 13.8x | 0.8x |
| Fri, 18 Oct 2024 | €2.7b | €3.5b | €194.5m | 15.7x | 14.1x | 0.8x |
| Sun, 15 Sep 2024 | €2.9b | €3.5b | €194.5m | 16.7x | 14.8x | 0.8x |
| Tue, 13 Aug 2024 | €2.8b | €3.5b | €194.6m | 13.5x | 14.4x | 0.8x |
| Thu, 11 Jul 2024 | €2.8b | €3.5b | €190.6m | 13.9x | 14.9x | 0.8x |
| Sat, 08 Jun 2024 | €2.9b | €3.5b | €190.3m | 14.4x | 15.5x | 0.8x |
| Mon, 06 May 2024 | €2.8b | €3.5b | €190.3m | 13.9x | 14.9x | 0.8x |
| Wed, 03 Apr 2024 | €3.0b | €3.5b | €201.6m | 14.6x | 14.7x | 0.9x |
| Fri, 01 Mar 2024 | €3.2b | €3.5b | €201.8m | 15.1x | 15.9x | 0.9x |
| Sun, 28 Jan 2024 | €3.3b | €3.5b | €217.0m | 16.8x | 15.3x | 0.9x |
| Tue, 26 Dec 2023 | €3.3b | €3.5b | €217.0m | 16.7x | 15.2x | 0.9x |
| Thu, 23 Nov 2023 | €3.3b | €3.5b | €217.0m | 17.3x | 15x | 0.9x |
| Sat, 21 Oct 2023 | €3.1b | €3.6b | €233.1m | 17.1x | 13.5x | 0.9x |
| Mon, 18 Sep 2023 | €3.4b | €3.6b | €232.6m | 18.5x | 14.8x | 1x |
| Wed, 16 Aug 2023 | €3.4b | €3.6b | €230.9m | 22.1x | 14.7x | 1x |
| Fri, 14 Jul 2023 | €3.8b | €3.6b | €228.1m | 27.6x | 16.6x | 1.1x |
| Sun, 11 Jun 2023 | €4.0b | €3.6b | €229.0m | 30.8x | 17.3x | 1.1x |
| Tue, 09 May 2023 | €4.1b | €3.6b | €229.0m | 30.2x | 18x | 1.2x |
| Thu, 06 Apr 2023 | €4.4b | €3.5b | €211.1m | 32.8x | 20.6x | 1.2x |
| Sat, 04 Mar 2023 | €4.5b | €3.3b | €202.3m | 35.4x | 22.5x | 1.4x |
Price to Earnings Ratio
22.5x
Current Industry PE
- Investors are optimistic on the Finnish IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 58.0x which is higher than its 3-year average PE of -3.4x.
- The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 40% per year over the last three years,
- Revenues have also declined 9.1% 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 industry?
| FI Market | 1.76% | |
| Tech | 3.22% | |
| IT | -3.52% | |
| IT Consulting | -3.52% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 35.3%, which is higher than its past year's earnings decline of 61.6% per year.
- Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 62% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 35% 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 | |
|---|---|---|---|---|---|
| GOFORE Gofore Oyj | €11.50 | 6.9% +€12.0m | -45.8% | PE25.2x |
