Digia Oyj's (HEL:DIGIA) Shares Lagging The Market But So Is The Business
Dec 09
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Finnish (OMX) IT Industry Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies7
- 7D-5.2%
- 3M-1.0%
- 1Y-9.1%
- YTD-2.2%
Over the last 7 days, the IT industry has dropped 5.2%, driven by a pullback from TietoEVRY Oyj of 6.3%. Overall the industry is down 9.1% in 12 months. Looking forward, earnings are forecast to grow by 76% 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 |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | €2.6b | €3.4b | -€115,000,404.00 | 29x | -22.5x | 0.8x |
| Fri, 02 Jan 2026 | €2.7b | €3.4b | -€115,000,404.00 | 29.1x | -23.2x | 0.8x |
| Sun, 30 Nov 2025 | €2.6b | €3.4b | -€115,000,404.00 | 27.5x | -22.5x | 0.8x |
| Tue, 28 Oct 2025 | €2.7b | €3.4b | -€115,000,404.00 | 30.4x | -23.1x | 0.8x |
| Thu, 25 Sep 2025 | €2.3b | €3.4b | -€129,171,404.00 | 16.9x | -17.9x | 0.7x |
| Sat, 23 Aug 2025 | €2.4b | €3.4b | -€129,171,404.00 | 18.3x | -18.6x | 0.7x |
| Mon, 21 Jul 2025 | €2.6b | €3.4b | -€45,562,404.00 | 16.9x | -56.8x | 0.8x |
| Wed, 18 Jun 2025 | €2.6b | €3.4b | -€44,142,404.00 | 19.5x | -58.3x | 0.8x |
| Fri, 16 May 2025 | €2.5b | €3.4b | -€44,142,404.00 | 18.2x | -57.6x | 0.7x |
| Sun, 13 Apr 2025 | €2.4b | €3.4b | -€30,026,404.00 | 15x | -79.7x | 0.7x |
| Tue, 11 Mar 2025 | €3.0b | €3.4b | -€30,026,000.00 | 17.8x | -100.5x | 0.9x |
| Thu, 06 Feb 2025 | €2.8b | €3.5b | €190.9m | 16.4x | 14.9x | 0.8x |
| Sat, 04 Jan 2025 | €2.8b | €3.5b | €190.9m | 16.7x | 14.5x | 0.8x |
| Mon, 02 Dec 2024 | €2.7b | €3.5b | €190.9m | 15.8x | 14x | 0.8x |
| Wed, 30 Oct 2024 | €2.8b | €3.5b | €191.0m | 15.3x | 14.7x | 0.8x |
| Fri, 27 Sep 2024 | €2.9b | €3.5b | €194.5m | 16.8x | 14.7x | 0.8x |
| Sun, 25 Aug 2024 | €2.9b | €3.5b | €194.5m | 17x | 14.9x | 0.8x |
| Tue, 23 Jul 2024 | €2.9b | €3.5b | €190.6m | 14x | 15.1x | 0.8x |
| Thu, 20 Jun 2024 | €2.8b | €3.5b | €190.3m | 13.9x | 14.8x | 0.8x |
| Sat, 18 May 2024 | €3.0b | €3.5b | €190.3m | 15.1x | 15.9x | 0.9x |
| Mon, 15 Apr 2024 | €2.9b | €3.5b | €201.6m | 14.7x | 14.6x | 0.8x |
| Wed, 13 Mar 2024 | €3.2b | €3.5b | €201.6m | 14.9x | 15.8x | 0.9x |
| Fri, 09 Feb 2024 | €3.3b | €3.5b | €217.2m | 16.7x | 15.1x | 0.9x |
| Sun, 07 Jan 2024 | €3.3b | €3.5b | €217.0m | 16.9x | 15.1x | 0.9x |
| Tue, 05 Dec 2023 | €3.1b | €3.5b | €217.0m | 16.5x | 14.5x | 0.9x |
| Thu, 02 Nov 2023 | €3.1b | €3.5b | €217.4m | 15.7x | 14.2x | 0.9x |
| Sat, 30 Sep 2023 | €3.3b | €3.6b | €232.7m | 17.8x | 14.1x | 0.9x |
| Mon, 28 Aug 2023 | €3.4b | €3.6b | €232.6m | 19.3x | 14.5x | 0.9x |
| Wed, 26 Jul 2023 | €3.6b | €3.5b | €231.4m | 24.9x | 15.4x | 1x |
| Fri, 23 Jun 2023 | €3.9b | €3.6b | €228.1m | 30.4x | 17.1x | 1.1x |
| Sun, 21 May 2023 | €4.1b | €3.6b | €229.0m | 30x | 17.8x | 1.1x |
| Tue, 18 Apr 2023 | €4.4b | €3.5b | €210.5m | 33.8x | 21x | 1.2x |
| Thu, 16 Mar 2023 | €4.2b | €3.5b | €211.1m | 33.5x | 20x | 1.2x |
| Sat, 11 Feb 2023 | €4.3b | €3.4b | €227.7m | 27.3x | 18.7x | 1.3x |
Price to Earnings Ratio
18.7x
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 0.89x.
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 | -0.61% | |
| Tech | -4.76% | |
| IT | -5.18% | |
| IT Consulting | -5.18% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 76% 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 76% 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 | |
|---|---|---|---|---|---|
| DIGIA Digia Oyj | €6.36 | 1.6% +€2.7m | -4.8% | PE14.6x | |
| DWF Digital Workforce Services Oyj | €2.68 | 7.6% +€2.1m | -31.3% | PS1.1x |