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Finnish (OMX) Market Analysis & Valuation

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies173
  • 7D1.0%
  • 3M11.0%
  • 1Y28.6%
  • YTD26.2%

The market has climbed by 1.0% over the past week, with every sector up and the Materials sector leading the way. In the last year, the market has climbed 29%. Earnings are forecast to grow by 17% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025€320.7b€197.3b€13.4b19.3x24x1.6x
Thu, 27 Nov 2025€306.1b€197.1b€13.4b18.3x22.9x1.6x
Sat, 25 Oct 2025€305.7b€198.1b€13.2b20.1x23.1x1.5x
Mon, 22 Sep 2025€286.9b€196.1b€13.2b20x21.7x1.5x
Wed, 20 Aug 2025€284.2b€196.1b€13.2b20.5x21.6x1.4x
Fri, 18 Jul 2025€277.6b€196.2b€13.5b20.3x20.6x1.4x
Sun, 15 Jun 2025€272.3b€196.1b€13.5b20x20.2x1.4x
Tue, 13 May 2025€270.5b€196.1b€13.6b19.7x19.9x1.4x
Thu, 10 Apr 2025€231.2b€195.1b€14.6b17.5x15.8x1.2x
Sat, 08 Mar 2025€275.7b€195.4b€14.6b20.2x18.9x1.4x
Mon, 03 Feb 2025€261.8b€198.8b€15.5b18.3x16.9x1.3x
Wed, 01 Jan 2025€247.4b€199.2b€14.7b18x16.8x1.2x
Fri, 29 Nov 2024€249.5b€199.9b€14.7b17.7x17x1.2x
Sun, 27 Oct 2024€263.0b€199.4b€14.2b18.6x18.5x1.3x
Tue, 24 Sep 2024€224.0b€188.3b€9.6b18.5x23.4x1.2x
Thu, 22 Aug 2024€224.1b€188.6b€9.5b18.8x23.5x1.2x
Sat, 20 Jul 2024€217.7b€189.4b€10.2b17.8x21.3x1.1x
Mon, 17 Jun 2024€222.3b€191.0b€10.0b18.7x22.3x1.2x
Wed, 15 May 2024€231.6b€190.8b€10.0b18x23.2x1.2x
Fri, 12 Apr 2024€224.1b€195.5b€10.2b17.5x21.9x1.1x
Sun, 10 Mar 2024€218.9b€195.0b€10.2b16.9x21.5x1.1x
Tue, 06 Feb 2024€223.8b€199.2b€9.6b18.6x23.4x1.1x
Thu, 04 Jan 2024€227.3b€202.7b€12.9b18.9x17.7x1.1x
Sat, 02 Dec 2023€224.2b€202.6b€12.9b18.5x17.4x1.1x
Mon, 30 Oct 2023€206.5b€204.0b€11.6b17.2x17.8x1x
Wed, 27 Sep 2023€216.8b€208.3b€12.8b18.5x16.9x1x
Fri, 25 Aug 2023€219.1b€209.1b€12.9b18.5x17x1x
Sun, 23 Jul 2023€228.2b€210.5b€17.1b18.3x13.4x1.1x
Tue, 20 Jun 2023€240.4b€210.8b€17.3b18.9x13.9x1.1x
Thu, 18 May 2023€242.9b€211.2b€17.3b18.8x14x1.2x
Sat, 15 Apr 2023€252.0b€208.8b€16.9b19.4x14.9x1.2x
Mon, 13 Mar 2023€252.2b€208.9b€16.9b19.7x15x1.2x
Wed, 08 Feb 2023€259.5b€312.8b€16.6b17x15.7x0.8x
Fri, 06 Jan 2023€257.9b€310.1b€14.1b16x18.3x0.8x
Price to Earnings Ratio

18.3x


Total Market Cap: €257.9bTotal Earnings: €14.1bTotal Revenue: €310.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Market Price to Earnings3Y Average 19.1x20242025
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 24.0x which is higher than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for Finnish listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 14% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Finnish Market?

FI Market1.04%
Energy2.97%
Materials2.55%
Telecom1.71%
Real Estate1.53%
Consumer Discretionary1.51%
Consumer Staples1.48%
Tech1.26%
Healthcare1.18%
Industrials0.62%
Utilities0.61%
Financials0.41%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 18.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 51.3% which is higher than its past year's earnings decline of 12.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 68% over the next 5 years.
  • In contrast, the Financials 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
NESTE Neste Oyj€19.412.8%
+€403.3m		60.1%PS0.8xEnergy
NDA FI Nordea Bank Abp€16.090.7%
+€386.8m		53.2%PB1.7xFinancials
UPM UPM-Kymmene Oyj€24.793.0%
+€384.9m		-6.7%PE105.4xMaterials
STERV Stora Enso Oyj€10.713.8%
+€307.6m		10.2%PS0.9xMaterials
NOKIA Nokia Oyj€5.571.0%
+€302.1m		30.4%PE36.7xTech
See more

Market Insights

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STERV
€10.71
Stora Enso Oyj
7D
3.8%
1Y
10.2%

Stora Enso Oyj (HEL:STERV) Has A Somewhat Strained Balance Sheet

Dec 30
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UPM
€24.79
UPM-Kymmene Oyj
7D
3.0%
1Y
-6.7%

UPM: Future Returns Will Depend On Pulp Markets And Mill Restructuring Outcomes

Analysts have trimmed their price target on UPM Kymmene slightly, with fair value edging down by about EUR 0.12 to reflect a modestly lower long term revenue growth and profit margin outlook, as well as reduced pulp price driven upside. Analyst Commentary Recent Street research on UPM Kymmene reflects a more balanced risk reward profile, with adjustments to both ratings and price targets as analysts reassess pulp price leverage and the pace of earnings recovery.
WRT1V
€30.40
Wärtsilä Oyj Abp
7D
-0.07%
1Y
77.7%

Investors Should Be Encouraged By Wärtsilä Oyj Abp's (HEL:WRT1V) Returns On Capital

Dec 25
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METSO
€14.98
Metso Oyj
7D
2.3%
1Y
66.8%

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Dec 23
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NOKIA
€5.57
Nokia Oyj
7D
1.0%
1Y
30.4%

NOKIA: AI And Cloud Demand Will Drive Margin Expansion And Upside Potential

Nokia Oyj's analyst fair value estimate has been raised from EUR 5.75 to EUR 7.20, as analysts highlight improving margins, slightly stronger growth expectations, and an increasingly compelling AI driven equity story, despite mixed views on long term network infrastructure targets. Analyst Commentary Recent Street research on Nokia Oyj reflects a notable shift toward a more constructive stance, with several bullish analysts highlighting improving execution, a clearer growth algorithm, and a more compelling equity story tied to artificial intelligence and cloud driven demand.
NDA FI
€16.09
Nordea Bank Abp
7D
0.7%
1Y
53.2%

NDA FI: Share Buybacks And Capital Markets Role Will Shape Outlook

Analysts have modestly raised their price target for Nordea Bank Abp to €15.65 from €15.44, reflecting slightly higher long term revenue growth assumptions and a richer forward P E multiple, despite a largely unchanged profitability outlook. What's in the News Nordea has been mandated, alongside Danske Bank, as Joint Lead Manager for Tryg Forsikring's planned digital fixed income investor meeting on 10 November 2025.
FRAMERY
€8.35
Framery Group Oyj
7D
-1.8%
1Y
n/a
SBI
€0.39
Sunborn International Oyj
7D
-2.5%
1Y
n/a
CITYVA
€16.70
Cityvarasto Oyj
7D
-1.8%
1Y
n/a
FIA1S
€3.14
Finnair Oyj
7D
-0.4%
1Y
42.1%

The Return Trends At Finnair Oyj (HEL:FIA1S) Look Promising

Dec 17
The Return Trends At Finnair Oyj (HEL:FIA1S) Look Promising
SAMPO
€10.33
Sampo Oyj
7D
0.6%
1Y
31.2%

SAMPO: Future Cash Returns And Leadership Transition Will Define Balanced Outlook

Analysts have nudged their price target on Sampo Oyj higher, from EUR 9.54 to EUR 9.91. They cite slightly stronger long term fair value estimates supported by modest improvements in expected revenue growth, profit margins and future valuation multiples.
NESTE
€19.41
Neste Oyj
7D
2.8%
1Y
60.1%
REMEDY
€15.20
Remedy Entertainment Oyj
7D
-3.4%
1Y
8.1%
KESKOB
€19.25
Kesko Oyj
7D
2.4%
1Y
5.9%

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Nov 02
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KREATE
€12.55
Kreate Group Oyj
7D
-2.0%
1Y
75.8%
GRK
€14.34
GRK Infra Oyj
7D
-0.4%
1Y
n/a