Orion Oyj's (HEL:ORNBV) Promising Earnings May Rest On Soft Foundations
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Finnish (OMX) Market Analysis & Valuation
UpdatedJul 30, 2025
DataAggregated Company Financials
Companies168
- 7D3.8%
- 3M10.0%
- 1Y10.3%
- YTD13.9%
The market has climbed 3.8% in the last 7 days, lead by the Industrials sector with a gain of 15%. In contrast, the Information Technology sector is lagging, dropping 12%. In the last year, the market has climbed 10%. As for the next few years, earnings are expected to grow by 16% per annum.
Trending IndustriesSoftware
Market Valuation and Performance
Has the Finnish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 30 Jul 2025 | €287.8b | €196.3b | €13.2b | 20.7x | 21.8x | 1.5x |
| Fri, 27 Jun 2025 | €272.8b | €196.1b | €13.5b | 20.6x | 20.2x | 1.4x |
| Sun, 25 May 2025 | €271.8b | €196.1b | €13.5b | 19x | 20.1x | 1.4x |
| Tue, 22 Apr 2025 | €250.0b | €195.7b | €14.5b | 18.4x | 17.2x | 1.3x |
| Thu, 20 Mar 2025 | €277.8b | €195.2b | €14.6b | 20x | 19x | 1.4x |
| Sat, 15 Feb 2025 | €268.5b | €195.6b | €14.6b | 18.4x | 18.4x | 1.4x |
| Mon, 13 Jan 2025 | €249.4b | €199.2b | €14.7b | 18x | 16.9x | 1.3x |
| Wed, 11 Dec 2024 | €252.6b | €199.2b | €14.7b | 18.1x | 17.1x | 1.3x |
| Fri, 08 Nov 2024 | €257.3b | €200.4b | €14.7b | 18.7x | 17.5x | 1.3x |
| Sun, 06 Oct 2024 | €232.0b | €188.3b | €9.6b | 18.9x | 24.3x | 1.2x |
| Tue, 03 Sep 2024 | €229.5b | €188.2b | €9.6b | 18.8x | 24x | 1.2x |
| Thu, 01 Aug 2024 | €221.9b | €188.4b | €9.9b | 18.2x | 22.3x | 1.2x |
| Sat, 29 Jun 2024 | €221.5b | €191.0b | €10.0b | 18.8x | 22.2x | 1.2x |
| Mon, 27 May 2024 | €230.9b | €190.9b | €10.0b | 18.1x | 23.1x | 1.2x |
| Wed, 24 Apr 2024 | €223.2b | €194.2b | €10.3b | 17.1x | 21.6x | 1.1x |
| Fri, 22 Mar 2024 | €219.9b | €195.1b | €10.1b | 17.1x | 21.7x | 1.1x |
| Sun, 18 Feb 2024 | €223.0b | €195.1b | €10.2b | 18.6x | 21.8x | 1.1x |
| Tue, 16 Jan 2024 | €230.6b | €202.7b | €12.9b | 19x | 17.9x | 1.1x |
| Thu, 14 Dec 2023 | €221.3b | €202.6b | €12.9b | 17.8x | 17.2x | 1.1x |
| Sat, 11 Nov 2023 | €216.1b | €203.8b | €12.9b | 17.9x | 16.7x | 1.1x |
| Mon, 09 Oct 2023 | €213.8b | €208.3b | €12.8b | 18.3x | 16.6x | 1x |
| Wed, 06 Sep 2023 | €226.0b | €209.1b | €12.8b | 18.9x | 17.6x | 1.1x |
| Fri, 04 Aug 2023 | €220.9b | €208.6b | €16.2b | 18.8x | 13.6x | 1.1x |
| Sun, 02 Jul 2023 | €230.1b | €210.9b | €17.3b | 18.8x | 13.3x | 1.1x |
| Tue, 30 May 2023 | €236.8b | €210.8b | €17.3b | 18.8x | 13.7x | 1.1x |
| Thu, 27 Apr 2023 | €248.3b | €187.5b | €17.2b | 18.9x | 14.5x | 1.3x |
| Sat, 25 Mar 2023 | €242.4b | €208.7b | €16.9b | 18.5x | 14.4x | 1.2x |
| Mon, 20 Feb 2023 | €258.4b | €314.5b | €14.8b | 18.7x | 17.4x | 0.8x |
| Wed, 18 Jan 2023 | €259.6b | €310.2b | €14.1b | 16.4x | 18.4x | 0.8x |
| Fri, 16 Dec 2022 | €254.6b | €309.6b | €14.1b | 15.8x | 18.1x | 0.8x |
| Sun, 13 Nov 2022 | €256.7b | €195.0b | €14.0b | 16x | 18.3x | 1.3x |
| Tue, 11 Oct 2022 | €221.5b | €186.3b | €15.5b | 15.2x | 14.3x | 1.2x |
| Thu, 08 Sep 2022 | €235.6b | €186.3b | €15.5b | 15.9x | 15.2x | 1.3x |
| Sat, 06 Aug 2022 | €255.2b | €320.2b | €13.2b | 17.6x | 19.4x | 0.8x |
Price to Earnings Ratio
19.4x
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 21.8x which is higher than its 3-year average PE of 18.3x.
Past Earnings Growth
- The earnings for Finnish listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have declined 15% 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 Market | 3.82% | |
| Telecom | 14.61% | |
| Industrials | 14.52% | |
| Energy | 7.59% | |
| Materials | 3.59% | |
| Consumer Discretionary | 2.26% | |
| Financials | 1.31% | |
| Healthcare | 0.70% | |
| Consumer Staples | -1.53% | |
| Utilities | -3.49% | |
| Real Estate | -5.55% | |
| Tech | -12.13% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 125x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 38.8% which is higher than its past year's earnings decline of 9.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings growth rate of 37% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 4.6% 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 | Sector | |
|---|---|---|---|---|---|---|
| KNEBV KONE Oyj | €70.00 | 27.5% +€7.8b | 49.2% | PE37.1x | Industrials | |
| NDA FI Nordea Bank Abp | €12.69 | 4.4% +€1.8b | 17.2% | PB1.4x | Financials | |
| ELISA Elisa Oyj | €55.00 | 20.7% +€1.5b | 27.6% | PE24.3x | Telecom | |
| WRT1V Wärtsilä Oyj Abp | €25.18 | 11.2% +€1.5b | 32.1% | PE26.4x | Industrials | |
| VALMT Valmet Oyj | €31.35 | 18.5% +€900.8m | 17.8% | PE22.6x | Industrials |
