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Finnish (OMX) IT Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies7
  • 7D6.3%
  • 3M3.0%
  • 1Y11.4%
  • YTD3.3%

Over the last 7 days, the IT industry has risen 6.3%, driven by gains from Tieto Oyj of 7.0%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026€2.7b€2.5b€47.9m24.1x56.3x1.1x
Wed, 04 Mar 2026€2.6b€2.5b€41.6m27x62.4x1x
Fri, 30 Jan 2026€2.6b€3.4b-€115,000,404.0029.3x-22.8x0.8x
Sun, 28 Dec 2025€2.6b€3.4b-€115,000,404.0029.2x-22.8x0.8x
Tue, 25 Nov 2025€2.6b€3.4b-€115,000,404.0027.9x-22.9x0.8x
Thu, 23 Oct 2025€2.5b€3.4b-€129,171,404.0016.4x-19x0.7x
Sat, 20 Sep 2025€2.4b€3.4b-€129,171,404.0016.9x-18.7x0.7x
Mon, 18 Aug 2025€2.3b€3.4b-€128,262,404.0018.6x-18.2x0.7x
Wed, 16 Jul 2025€2.6b€3.4b-€44,142,404.0019x-58.6x0.8x
Fri, 13 Jun 2025€2.6b€3.4b-€44,142,404.0019.1x-58.2x0.8x
Sun, 11 May 2025€2.4b€3.4b-€44,142,404.0016.7x-55.4x0.7x
Tue, 08 Apr 2025€2.4b€3.4b-€30,026,404.0014.9x-78.9x0.7x
Thu, 06 Mar 2025€2.9b€3.4b-€30,026,000.0017.5x-95.5x0.8x
Sat, 01 Feb 2025€2.9b€3.5b€190.9m16.3x15x0.8x
Mon, 30 Dec 2024€2.7b€3.5b€190.9m16.4x14.2x0.8x
Wed, 27 Nov 2024€2.7b€3.5b€190.9m16x13.9x0.8x
Fri, 25 Oct 2024€2.9b€3.5b€190.3m15x15.2x0.8x
Sun, 22 Sep 2024€2.8b€3.5b€194.5m16.5x14.2x0.8x
Tue, 20 Aug 2024€2.9b€3.5b€193.5m17x15x0.8x
Thu, 18 Jul 2024€2.9b€3.5b€190.6m14x15.1x0.8x
Sat, 15 Jun 2024€2.8b€3.5b€190.3m13.9x14.7x0.8x
Mon, 13 May 2024€2.9b€3.5b€190.3m14.2x15.3x0.8x
Wed, 10 Apr 2024€3.0b€3.5b€201.6m14.8x14.8x0.9x
Fri, 08 Mar 2024€3.2b€3.5b€201.6m14.8x15.8x0.9x
Sun, 04 Feb 2024€3.3b€3.5b€217.0m16.9x15.4x0.9x
Tue, 02 Jan 2024€3.3b€3.5b€217.0m17.1x15.3x0.9x
Thu, 30 Nov 2023€3.2b€3.5b€217.0m16.7x14.8x0.9x
Sat, 28 Oct 2023€3.0b€3.6b€217.4m15.3x14x0.9x
Mon, 25 Sep 2023€3.3b€3.6b€232.7m17.8x14x0.9x
Wed, 23 Aug 2023€3.4b€3.6b€230.5m19.3x14.7x0.9x
Fri, 21 Jul 2023€3.7b€3.6b€228.0m25.1x16.3x1x
Sun, 18 Jun 2023€4.1b€3.6b€229.0m31.6x18.1x1.2x
Tue, 16 May 2023€4.1b€3.6b€229.0m29.3x17.9x1.2x
Thu, 13 Apr 2023€4.4b€3.5b€211.1m32.9x20.9x1.3x
Price to Earnings Ratio

20.9x


Total Market Cap: €4.4bTotal Earnings: €211.1mTotal Revenue: €3.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish IT Industry Price to Earnings3Y Average -2.2x202420252026
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 56.3x which is higher than its 3-year average PE of -2.2x.
  • The 3-year average PS ratio of 0.86x 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 Market3.86%
Tech6.72%
IT6.28%
IT Consulting6.28%
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 63.5% 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 64% 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?

CompanyLast Price7D1YValuation
TIETO Tieto Oyj€19.177.0%
+€142.9m		23.9%PE87.2x
GOFORE Gofore Oyj€13.965.8%
+€12.1m		-30.4%PE24.1x
DIGIA Digia Oyj€5.700.7%
+€1.1m		-9.8%PE11.8x
WITTED Witted Megacorp Oyj€1.363.8%
+€773.3k		4.6%PS0.4x
DWF Digital Workforce Services Oyj€2.301.3%
+€343.8k		-33.5%PS0.9x

Latest News

SIILI
€3.47
Siili Solutions Oyj
7D
-1.7%
1Y
-36.9%
GOFORE
€13.96
Gofore Oyj
7D
5.8%
1Y
-30.4%

GOFORE: Espoo ICT Framework And Dividend Will Support Steady Outlook

Analysts have maintained their fair value estimate for Gofore Oyj at €15.25. They have made only modest changes to their assumptions, such as a slightly lower discount rate and small adjustments to revenue growth and future P/E, to refine their price target rationale.
TIETO
€19.17
Tieto Oyj
7D
7.0%
1Y
23.9%

TIETO: Delisting Plans And Flat 2026 Outlook Will Pressure Future Returns

Analysts have adjusted their price target for Tieto Oyj from €16.70 to €15.80. This change reflects updated assumptions for revenue growth, profit margin, discount rate and future P/E levels.
NETUM
€1.10
Netum Group Oyj
7D
-0.9%
1Y
-46.1%
DIGIA
€5.70
Digia Oyj
7D
0.7%
1Y
-9.8%
DWF
€2.30
Digital Workforce Services Oyj
7D
1.3%
1Y
-33.5%
DIGIGR
€1.65
Digitalist Group
7D
-8.3%
1Y
-83.5%
WITTED
€1.36
Witted Megacorp Oyj
7D
3.8%
1Y
4.6%