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Norwegian (OSEAX) Tech Sector Analysis

UpdatedOct 14, 2024
DataAggregated Company Financials
Companies36
  • 7D1.3%
  • 3M-8.6%
  • 1Y15.2%
  • YTD9.4%

In the last week, the Tech industry is up 1.3%, with Atea up 4.6%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 44% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Oct 2024NOK 105.2bNOK 80.9bNOK 709.3m34.7x148.3x1.3x
Thu, 12 Sep 2024NOK 110.2bNOK 81.2bNOK 691.4m33x159.4x1.4x
Sat, 10 Aug 2024NOK 109.5bNOK 80.4bNOK 821.0m25.2x133.4x1.4x
Mon, 08 Jul 2024NOK 115.7bNOK 82.9bNOK 1.6b20.6x73.8x1.4x
Wed, 05 Jun 2024NOK 109.4bNOK 82.9bNOK 1.6b20.2x70x1.3x
Fri, 03 May 2024NOK 103.6bNOK 82.5bNOK 1.3b22.7x80.8x1.3x
Sun, 31 Mar 2024NOK 95.1bNOK 84.4bNOK 1.6b22.3x59.3x1.1x
Tue, 27 Feb 2024NOK 94.7bNOK 84.5bNOK 1.6b20.6x61.1x1.1x
Thu, 25 Jan 2024NOK 107.7bNOK 86.0bNOK 948.4m18.9x113.6x1.3x
Sat, 23 Dec 2023NOK 105.2bNOK 85.7bNOK 938.4m17.2x112.1x1.2x
Mon, 20 Nov 2023NOK 104.2bNOK 87.8b-NOK 65,728,906.0017.1x-1584.9x1.2x
Wed, 18 Oct 2023NOK 107.0bNOK 87.6bNOK 4.7m18.5x22529.2x1.2x
Fri, 15 Sep 2023NOK 110.1bNOK 87.6b-NOK 24,113,004.0021x-4567.6x1.3x
Sun, 13 Aug 2023NOK 119.9bNOK 85.7b-NOK 291,149,748.0023.3x-411.9x1.4x
Tue, 11 Jul 2023NOK 116.4bNOK 84.5b-NOK 318,607,683.0021.6x-365.3x1.4x
Thu, 08 Jun 2023NOK 120.1bNOK 85.1b-NOK 396,003,770.0022.8x-303.3x1.4x
Sat, 06 May 2023NOK 110.7bNOK 83.3bNOK 42.9m22.6x2583.1x1.3x
Mon, 03 Apr 2023NOK 116.7bNOK 80.9b-NOK 386,085,906.0024.6x-302.2x1.4x
Wed, 01 Mar 2023NOK 114.5bNOK 80.7b-NOK 289,750,334.0025x-395x1.4x
Fri, 27 Jan 2023NOK 116.0bNOK 111.8bNOK 327.3m26.1x354.5x1x
Sun, 25 Dec 2022NOK 113.2bNOK 111.8bNOK 327.2m25.6x346x1x
Tue, 22 Nov 2022NOK 117.7bNOK 112.1bNOK 487.0m24.7x241.7x1x
Thu, 20 Oct 2022NOK 106.2bNOK 108.1bNOK 96.3m24.6x1103.2x1x
Sat, 17 Sep 2022NOK 105.8bNOK 107.4bNOK 119.6m23.1x885x1x
Mon, 15 Aug 2022NOK 124.7bNOK 105.7bNOK 245.2m24.6x508.6x1.2x
Wed, 13 Jul 2022NOK 115.2bNOK 103.6bNOK 23.9m28.2x4815.5x1.1x
Fri, 10 Jun 2022NOK 120.6bNOK 103.5bNOK 631.1m28.1x191.1x1.2x
Sun, 08 May 2022NOK 113.6bNOK 97.5bNOK 263.2m30.5x431.8x1.2x
Tue, 05 Apr 2022NOK 138.2bNOK 100.8bNOK 321.3m36.9x430.3x1.4x
Thu, 03 Mar 2022NOK 142.5bNOK 101.0bNOK 437.5m27.7x325.6x1.4x
Sat, 29 Jan 2022NOK 150.1bNOK 97.7b-NOK 46,323,645.0028.1x-3239.2x1.5x
Mon, 27 Dec 2021NOK 171.0bNOK 96.8bNOK 66.8m34.6x2560.7x1.8x
Wed, 24 Nov 2021NOK 177.8bNOK 96.5bNOK 158.4m36.6x1122.3x1.8x
Fri, 22 Oct 2021NOK 162.9bNOK 93.4bNOK 451.8m34.2x360.6x1.7x
Price to Earnings Ratio

360.6x


Total Market Cap: NOK 162.9bTotal Earnings: NOK 451.8mTotal Revenue: NOK 93.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 482.6x202220232024
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 148x which is lower than its 3-year average PE of 483x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 16% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

NO Market-0.44%
Tech1.32%
Tech Hardware6.84%
IT3.74%
Electronic Equipment and Components2.84%
Software1.12%
Communications-2.05%
Semiconductors-2.27%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 48.2%, which is higher than its past year's earnings decline of 1.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 93% over the next 5 years.
  • This is better than its past earnings decline of 54% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 20% 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 137.004.6%
+NOK 670.0m
1.8%PE20.1x
LINK LINK Mobility Group HoldingNOK 25.556.2%
+NOK 425.5m
106.0%PE18.6x
KIT KitronNOK 30.706.4%
+NOK 367.2m
-9.3%PE13.4x
NORBT NorbitNOK 91.005.2%
+NOK 286.2m
71.1%PE34.6x
CRAYN Crayon Group HoldingNOK 125.002.5%
+NOK 273.7m
77.1%PE212.2x
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Latest News

STRO

NOK 10.10

StrongPoint

7D

-3.8%

1Y

-43.3%

SMCRT

NOK 30.10

SmartCraft

7D

-1.0%

1Y

43.3%

CRAYN

NOK 125.00

Crayon Group Holding

7D

2.5%

1Y

77.1%

NORBT

NOK 91.00

Norbit

7D

5.2%

1Y

71.1%

BOUV

NOK 69.60

Bouvet

7D

2.7%

1Y

28.4%

LINK

NOK 25.55

LINK Mobility Group Holding

7D

6.2%

1Y

106.0%

NAPA

NOK 30.00

Napatech

7D

-3.8%

1Y

163.2%

PEXIP

NOK 38.95

Pexip Holding

7D

2.8%

1Y

107.2%

NEXT

NOK 7.40

NEXT Biometrics Group

7D

-6.1%

1Y

25.4%

AIRX

NOK 2.34

Airthings

7D

-6.0%

1Y

-22.6%