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Finnish (OMX) Market Analysis & Valuation

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies168
  • 7D0.5%
  • 3M4.3%
  • 1Y8.0%
  • YTD12.3%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 4.3%. As for the longer term, the market has risen 8.0% in the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Trending IndustriesSoftware

Market Valuation and Performance

Has the Finnish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 Aug 2025€283.4b€196.1b€13.2b20.3x21.5x1.4x
Sun, 20 Jul 2025€277.7b€196.5b€13.5b20.7x20.6x1.4x
Tue, 17 Jun 2025€275.7b€196.1b€13.5b20.2x20.4x1.4x
Thu, 15 May 2025€270.9b€196.1b€13.6b19.3x20x1.4x
Sat, 12 Apr 2025€240.9b€195.1b€14.6b18.8x16.5x1.2x
Mon, 10 Mar 2025€275.7b€195.4b€14.6b20.2x18.9x1.4x
Wed, 05 Feb 2025€259.4b€198.9b€15.5b18.5x16.7x1.3x
Fri, 03 Jan 2025€251.9b€199.2b€14.7b18.2x17.1x1.3x
Sun, 01 Dec 2024€249.6b€199.9b€14.7b17.6x17x1.2x
Tue, 29 Oct 2024€265.0b€199.4b€14.2b18.5x18.7x1.3x
Thu, 26 Sep 2024€230.0b€188.3b€9.6b18.6x24.1x1.2x
Sat, 24 Aug 2024€226.0b€188.2b€9.5b18.7x23.7x1.2x
Mon, 22 Jul 2024€217.7b€189.5b€10.2b17.8x21.3x1.1x
Wed, 19 Jun 2024€224.0b€191.0b€10.0b18.8x22.5x1.2x
Fri, 17 May 2024€232.5b€190.8b€10.0b18.2x23.2x1.2x
Sun, 14 Apr 2024€223.2b€195.5b€10.2b17.7x21.9x1.1x
Tue, 12 Mar 2024€217.9b€195.0b€10.2b17.1x21.5x1.1x
Thu, 08 Feb 2024€223.8b€198.1b€8.9b18.7x25.1x1.1x
Sat, 06 Jan 2024€231.2b€202.7b€12.9b19x18x1.1x
Mon, 04 Dec 2023€224.2b€202.6b€12.9b18.5x17.4x1.1x
Wed, 01 Nov 2023€209.2b€203.8b€11.7b17.4x17.9x1x
Fri, 29 Sep 2023€216.8b€208.3b€12.8b18.5x16.9x1x
Sun, 27 Aug 2023€219.4b€209.1b€12.9b18.9x17.1x1x
Tue, 25 Jul 2023€229.1b€210.5b€17.1b18.3x13.4x1.1x
Thu, 22 Jun 2023€231.3b€210.8b€17.3b18.7x13.4x1.1x
Sat, 20 May 2023€242.3b€211.2b€17.3b19.6x14x1.1x
Mon, 17 Apr 2023€252.0b€208.8b€16.9b19.4x14.9x1.2x
Wed, 15 Mar 2023€249.7b€208.9b€16.9b19.7x14.8x1.2x
Fri, 10 Feb 2023€261.5b€290.1b€16.6b17.1x15.7x0.9x
Sun, 08 Jan 2023€257.9b€310.1b€14.1b16x18.3x0.8x
Tue, 06 Dec 2022€263.0b€309.6b€14.1b16x18.7x0.8x
Thu, 03 Nov 2022€229.2b€194.9b€15.5b16.2x14.8x1.2x
Sat, 01 Oct 2022€220.5b€186.3b€15.5b14.9x14.2x1.2x
Mon, 29 Aug 2022€244.1b€186.2b€15.5b16.8x15.7x1.3x
Price to Earnings Ratio

15.7x


Total Market Cap: €244.1bTotal Earnings: €15.5bTotal Revenue: €186.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Market Price to Earnings3Y Average 18.4x202320242025
Current Market PE
  • Investors are optimistic on the Finnish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.5x which is higher than its 3-year average PE of 18.4x.
Past Earnings Growth
  • The earnings for Finnish listed companies have declined 5.4% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Finnish Market?

FI Market0.49%
Telecom4.31%
Consumer Staples2.60%
Materials2.49%
Consumer Discretionary2.47%
Healthcare2.45%
Tech1.53%
Energy0.58%
Industrials0.051%
Real Estate-0.62%
Financials-0.90%
Utilities-2.50%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 127x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 40.6% which is higher than its past year's earnings decline of 9.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 64% over the next 5 years.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
KNEBV KONE Oyj€53.521.4%
+€393.6m
13.4%PE28.4xIndustrials
NOKIA Nokia Oyj€3.621.8%
+€346.8m
-2.9%PE21.6xTech
UPM UPM-Kymmene Oyj€24.612.7%
+€342.8m
-19.1%PE37.6xMaterials
ORNBV Orion Oyj€69.303.0%
+€288.4m
48.7%PE25.8xHealthcare
ELISA Elisa Oyj€45.903.8%
+€266.5m
3.7%PE20.3xTelecom
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