Finnish (OMX) IT Industry Analysis

UpdatedMar 14, 2026

DataAggregated Company Financials

Companies7

7D-2.5%
3M0.3%
1Y-10.3%
YTD0.5%

Over the last 7 days, the IT industry has dropped 2.5%, driven by a pullback from TietoEVRY Oyj of 2.9%. Overall the industry is down 10% in 12 months. Earnings are forecast to grow by 35% annually.

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
Sat, 14 Mar 2026	€2.6b	€2.5b	€47.9m	22.6x	55.1x	1.1x
Mon, 09 Feb 2026	€2.5b	€3.4b	-€113,799,404.00	26.4x	-22.4x	0.7x
Wed, 07 Jan 2026	€2.7b	€3.4b	-€115,000,404.00	28.5x	-23.1x	0.8x
Fri, 05 Dec 2025	€2.7b	€3.4b	-€115,000,404.00	27.7x	-23.4x	0.8x
Sun, 02 Nov 2025	€2.7b	€3.4b	-€115,000,404.00	30.5x	-23.5x	0.8x
Tue, 30 Sep 2025	€2.3b	€3.4b	-€129,171,404.00	16.4x	-18x	0.7x
Thu, 28 Aug 2025	€2.4b	€3.4b	-€129,171,404.00	17.8x	-18.8x	0.7x
Sat, 26 Jul 2025	€2.4b	€3.4b	-€121,662,404.00	16.4x	-20x	0.7x
Mon, 23 Jun 2025	€2.5b	€3.4b	-€44,142,404.00	22.4x	-57.2x	0.7x
Wed, 21 May 2025	€2.5b	€3.4b	-€44,142,404.00	18.1x	-56.8x	0.7x
Fri, 18 Apr 2025	€2.5b	€3.4b	-€30,026,404.00	15.4x	-81.6x	0.7x
Sun, 16 Mar 2025	€3.0b	€3.4b	-€30,026,105.00	17.1x	-98.6x	0.9x
Tue, 11 Feb 2025	€2.9b	€3.5b	€190.9m	16.9x	15x	0.8x
Thu, 09 Jan 2025	€2.8b	€3.5b	€190.9m	16.7x	14.6x	0.8x
Sat, 07 Dec 2024	€2.7b	€3.5b	€190.9m	16.2x	14.3x	0.8x
Mon, 04 Nov 2024	€2.7b	€3.5b	€191.0m	15.7x	14.3x	0.8x
Wed, 02 Oct 2024	€2.8b	€3.5b	€194.5m	16.5x	14.6x	0.8x
Fri, 30 Aug 2024	€2.9b	€3.5b	€194.5m	17x	15.1x	0.8x
Sun, 28 Jul 2024	€2.9b	€3.5b	€193.6m	13.9x	14.9x	0.8x
Tue, 25 Jun 2024	€2.9b	€3.5b	€190.3m	14x	15x	0.8x
Thu, 23 May 2024	€3.0b	€3.5b	€190.3m	14.8x	15.9x	0.9x
Sat, 20 Apr 2024	€2.9b	€3.5b	€201.6m	14.5x	14.3x	0.8x
Mon, 18 Mar 2024	€3.0b	€3.5b	€201.6m	14.5x	15.1x	0.9x
Wed, 14 Feb 2024	€3.2b	€3.5b	€218.0m	16.2x	14.6x	0.9x
Fri, 12 Jan 2024	€3.3b	€3.5b	€217.0m	17.2x	15x	0.9x
Sun, 10 Dec 2023	€3.2b	€3.5b	€217.0m	16.3x	14.7x	0.9x
Tue, 07 Nov 2023	€3.1b	€3.5b	€217.0m	16x	14.5x	0.9x
Thu, 05 Oct 2023	€3.2b	€3.6b	€232.7m	17.4x	13.9x	0.9x
Sat, 02 Sep 2023	€3.5b	€3.6b	€232.6m	19.4x	15x	1x
Mon, 31 Jul 2023	€3.6b	€3.5b	€231.4m	25.5x	15.6x	1x
Wed, 28 Jun 2023	€3.9b	€3.6b	€228.1m	30.2x	17x	1.1x
Fri, 26 May 2023	€4.0b	€3.6b	€229.0m	29.8x	17.5x	1.1x
Sun, 23 Apr 2023	€4.4b	€3.5b	€210.5m	33.5x	20.8x	1.2x
Tue, 21 Mar 2023	€4.3b	€3.5b	€211.1m	34.1x	20.2x	1.2x

Price to Earnings Ratio

20.2x

Tue, 21 Mar 2023

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 55.1x which is higher than its 3-year average PE of -2.9x.

The 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the IT industry have declined 39% per year over the last three years,
Revenues have also declined 11% 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	0.71%
Tech	6.09%
IT	-2.46%
IT Consulting	-2.46%

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 35.5%, which is higher than its past year's earnings decline of 53.4% 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 53% per year.