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Norwegian (OSEAX) Tech Sector Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies30
  • 7D1.7%
  • 3M14.1%
  • 1Y44.8%
  • YTD15.3%

Over the last 7 days, the Tech industry has risen 1.9%, driven by gains from Atea of 8.9%. This takes the industry's 12 month performance to a gain of 44%. Earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

Has the Norwegian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026NOK 139.9bNOK 78.9bNOK 2.8b24.9x50.4x1.8x
Sun, 29 Mar 2026NOK 118.6bNOK 77.3bNOK 2.5b24.6x47.1x1.5x
Tue, 24 Feb 2026NOK 123.8bNOK 77.5bNOK 2.6b26.7x47.5x1.6x
Thu, 22 Jan 2026NOK 122.5bNOK 75.8bNOK 1.9b39.6x65.7x1.6x
Sat, 20 Dec 2025NOK 119.1bNOK 76.1bNOK 1.9b39.5x63.6x1.6x
Mon, 17 Nov 2025NOK 112.9bNOK 75.6bNOK 1.8b30.2x62.1x1.5x
Wed, 15 Oct 2025NOK 112.7bNOK 74.6bNOK 1.8b32.5x64.1x1.5x
Fri, 12 Sep 2025NOK 116.9bNOK 74.2bNOK 1.7b37.4x69.2x1.6x
Sun, 10 Aug 2025NOK 110.9bNOK 74.1bNOK 1.1b35.7x97x1.5x
Tue, 08 Jul 2025NOK 125.6bNOK 80.1bNOK 1.4b39.4x88.7x1.6x
Thu, 05 Jun 2025NOK 119.1bNOK 79.8bNOK 1.4b37.3x84.7x1.5x
Sat, 03 May 2025NOK 106.1bNOK 79.5bNOK 1.3b35.2x80.4x1.3x
Mon, 31 Mar 2025NOK 101.8bNOK 77.6bNOK 1.1b31.9x96.8x1.3x
Wed, 26 Feb 2025NOK 105.9bNOK 78.2bNOK 943.5m29x112.2x1.4x
Fri, 24 Jan 2025NOK 101.4bNOK 76.7bNOK 797.8m35.1x127.1x1.3x
Sun, 22 Dec 2024NOK 95.8bNOK 76.8bNOK 794.8m32.6x120.6x1.2x
Tue, 19 Nov 2024NOK 92.4bNOK 76.6bNOK 811.6m31.7x113.8x1.2x
Thu, 17 Oct 2024NOK 104.8bNOK 81.2bNOK 692.8m34.6x151.3x1.3x
Sat, 14 Sep 2024NOK 111.4bNOK 81.0bNOK 705.7m34.7x157.9x1.4x
Mon, 12 Aug 2024NOK 109.5bNOK 80.4bNOK 819.8m25.2x133.6x1.4x
Wed, 10 Jul 2024NOK 117.6bNOK 82.9bNOK 1.6b20.4x75x1.4x
Fri, 07 Jun 2024NOK 111.1bNOK 82.9bNOK 1.6b20.4x71.3x1.3x
Sun, 05 May 2024NOK 105.1bNOK 82.4bNOK 1.3b23.4x82.8x1.3x
Tue, 02 Apr 2024NOK 95.1bNOK 84.4bNOK 1.6b22.3x59.2x1.1x
Thu, 29 Feb 2024NOK 92.9bNOK 84.6bNOK 1.6b20.7x59.8x1.1x
Sat, 27 Jan 2024NOK 106.9bNOK 85.9bNOK 943.7m18.9x113.2x1.2x
Mon, 25 Dec 2023NOK 105.2bNOK 85.7bNOK 938.2m17.2x112.1x1.2x
Wed, 22 Nov 2023NOK 96.4bNOK 86.1bNOK 1.0b16.3x92.3x1.1x
Fri, 20 Oct 2023NOK 101.0bNOK 87.1b-NOK 249,921,213.0019.6x-404.2x1.2x
Sun, 17 Sep 2023NOK 110.6bNOK 87.6b-NOK 25,050,270.0021x-4415.2x1.3x
Tue, 15 Aug 2023NOK 120.5bNOK 85.7b-NOK 293,545,115.0023.3x-410.3x1.4x
Thu, 13 Jul 2023NOK 119.5bNOK 83.4b-NOK 471,624,551.0022x-253.5x1.4x
Sat, 10 Jun 2023NOK 121.2bNOK 84.7b-NOK 383,165,146.0023.4x-316.4x1.4x
Mon, 08 May 2023NOK 110.7bNOK 83.3bNOK 48.0m22.6x2307.6x1.3x
Price to Earnings Ratio

2307.6x


Total Market Cap: NOK 110.7bTotal Earnings: NOK 48.0mTotal Revenue: NOK 83.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 301.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 50.1x which is lower than its 3-year average PE of 300x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 287% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Norwegian Tech sector?

NO Market0.51%
Tech1.70%
IT6.38%
Communications5.99%
Software0.99%
Semiconductors0.47%
Electronic Equipment and Components-0.40%
Tech Hardware-1.83%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 395x.
    • Analysts are expecting annual earnings growth of 35.8% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 36% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 6.4% 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
ATEA AteaNOK 156.208.9%
+NOK 1.4b		10.0%PE15.7x
KIT KitronNOK 100.404.3%
+NOK 896.7m		96.9%PE35.9x
SMOP Smartoptics GroupNOK 52.405.9%
+NOK 284.3m		191.1%PE118.4x
APR AppearNOK 79.209.1%
+NOK 267.9m		n/aPE24.9x
NOD Nordic SemiconductorNOK 189.000.5%
+NOK 178.7m		84.4%PE247x

Latest News

SMOP
NOK 52.40
Smartoptics Group
7D
5.9%
1Y
191.1%
ATEA
NOK 156.20
Atea
7D
8.9%
1Y
10.0%
STRO
NOK 10.25
StrongPoint
7D
-3.8%
1Y
12.9%
NOD
NOK 189.00
Nordic Semiconductor
7D
0.5%
1Y
84.4%
IDEX
NOK 7.90
IDEX Biometrics
7D
-34.2%
1Y
132.4%
NORBT
NOK 227.60
Norbit
7D
-3.8%
1Y
60.5%
KIT
NOK 100.40
Kitron
7D
4.3%
1Y
96.9%
ENSU
NOK 0.64
Ensurge Micropower
7D
-1.5%
1Y
-49.6%
XPLRA
NOK 52.70
Xplora Technologies
7D
-10.7%
1Y
73.4%

XPLRA: Updated Margins And Offering Activity Will Support Balanced Return Potential

Analysts now cite updated assumptions for Xplora Technologies on revenue growth, profit margins, and future P/E as reasons for increasing their price target from NOK 55.50 to NOK 64.00. What's in the News Xplora Technologies AS completed a Follow-on Equity Offering of NOK 149,999,980, issuing 2,884,615 common shares at NOK 52 per share under Regulation S with a subsequent direct listing feature (Key Developments).
LINK
NOK 24.74
LINK Mobility Group Holding
7D
2.1%
1Y
1.6%

LINK: Strong Cash Generation And Accretive M&A Will Drive Future Upside

Analysts have kept their NOK 30.25 price target for LINK Mobility Group Holding unchanged, citing only very small refinements to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions. What's in the News LINK Mobility Group Holding ASA is actively looking for M&A opportunities, with accretive deals highlighted as the first priority for capital allocation (Key Developments).
APR
NOK 79.20
Appear
7D
9.1%
1Y
n/a
HDLY
NOK 32.00
Huddly
7D
15.9%
1Y
116.9%
GENO
NOK 30.67
General Oceans
7D
2.5%
1Y
n/a
NEXT
NOK 4.02
NEXT Biometrics Group
7D
-19.6%
1Y
-92.7%
PLT
NOK 5.91
poLight
7D
-3.3%
1Y
49.8%
OTEC
NOK 18.72
Otello
7D
-3.9%
1Y
93.8%