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Norwegian (OSEAX) Tech Sector Analysis

UpdatedJul 13, 2025
DataAggregated Company Financials
Companies30
  • 7D-0.05%
  • 3M25.0%
  • 1Y14.0%
  • YTD25.6%

In the last week, the Tech industry is up 1.4%, with Atea up 2.2%. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 36% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Jul 2025NOK 111.8bNOK 73.1bNOK 1.1b37.1x98.6x1.5x
Tue, 10 Jun 2025NOK 119.9bNOK 79.8bNOK 1.4b38.1x85.2x1.5x
Thu, 08 May 2025NOK 107.9bNOK 79.5bNOK 1.3b30.9x80.9x1.4x
Sat, 05 Apr 2025NOK 95.5bNOK 78.1bNOK 1.1b28.7x90.8x1.2x
Mon, 03 Mar 2025NOK 103.2bNOK 78.3bNOK 914.5m29.3x112.8x1.3x
Wed, 29 Jan 2025NOK 100.0bNOK 76.8bNOK 796.0m36.7x125.6x1.3x
Fri, 27 Dec 2024NOK 96.3bNOK 76.8bNOK 793.0m33.2x121.5x1.3x
Sun, 24 Nov 2024NOK 92.8bNOK 76.5bNOK 812.1m33.5x114.3x1.2x
Tue, 22 Oct 2024NOK 100.2bNOK 77.6bNOK 601.9m27.8x166.5x1.3x
Thu, 19 Sep 2024NOK 112.4bNOK 80.9bNOK 710.3m33.1x158.2x1.4x
Sat, 17 Aug 2024NOK 113.2bNOK 80.3bNOK 852.3m27.6x132.8x1.4x
Mon, 15 Jul 2024NOK 119.2bNOK 82.2bNOK 1.4b20.7x82.8x1.5x
Wed, 12 Jun 2024NOK 112.4bNOK 83.0bNOK 1.6b21.1x71.7x1.4x
Fri, 10 May 2024NOK 107.8bNOK 82.8bNOK 1.4b22.7x77.4x1.3x
Sun, 07 Apr 2024NOK 92.7bNOK 84.3bNOK 1.6b22.5x58.7x1.1x
Tue, 05 Mar 2024NOK 93.8bNOK 84.7bNOK 1.6b20.8x57.9x1.1x
Thu, 01 Feb 2024NOK 105.2bNOK 86.0bNOK 947.2m18.7x111.1x1.2x
Sat, 30 Dec 2023NOK 107.1bNOK 85.6bNOK 934.7m17.8x114.6x1.3x
Mon, 27 Nov 2023NOK 97.7bNOK 86.2bNOK 1.0b16.9x94.2x1.1x
Wed, 25 Oct 2023NOK 97.6bNOK 86.9b-NOK 265,385,648.0019.1x-367.9x1.1x
Fri, 22 Sep 2023NOK 108.0bNOK 87.6b-NOK 28,133,785.0020.2x-3838x1.2x
Sun, 20 Aug 2023NOK 116.5bNOK 86.6b-NOK 83,557,582.0021.9x-1394.5x1.3x
Tue, 18 Jul 2023NOK 118.2bNOK 83.8b-NOK 342,990,279.0020.8x-344.8x1.4x
Thu, 15 Jun 2023NOK 121.3bNOK 84.4b-NOK 376,961,132.0024x-321.8x1.4x
Sat, 13 May 2023NOK 111.7bNOK 83.9b-NOK 203,997,126.0022.5x-547.6x1.3x
Mon, 10 Apr 2023NOK 115.8bNOK 80.9b-NOK 396,555,599.0024.2x-292.1x1.4x
Wed, 08 Mar 2023NOK 116.7bNOK 81.0b-NOK 403,113,787.0023.2x-289.5x1.4x
Fri, 03 Feb 2023NOK 119.4bNOK 112.0bNOK 321.3m26.9x371.6x1.1x
Sun, 01 Jan 2023NOK 114.3bNOK 111.7bNOK 331.8m24.6x344.4x1x
Tue, 29 Nov 2022NOK 117.3bNOK 111.8bNOK 446.0m24.5x263x1x
Thu, 27 Oct 2022NOK 107.9bNOK 111.3bNOK 378.2m24.6x285.2x1x
Sat, 24 Sep 2022NOK 102.4bNOK 107.8bNOK 100.2m22.3x1021.5x1x
Mon, 22 Aug 2022NOK 118.4bNOK 106.6bNOK 124.8m28.9x949.1x1.1x
Wed, 20 Jul 2022NOK 113.3bNOK 106.1bNOK 259.2m25.8x437.1x1.1x
Price to Earnings Ratio

437.1x


Total Market Cap: NOK 113.3bTotal Earnings: NOK 259.2mTotal Revenue: NOK 106.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 363.9x202320242025
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 88.2x which is lower than its 3-year average PE of 368x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 76% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.0% 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-0.0038%
Tech-0.049%
Tech Hardware6.75%
Software1.07%
IT0.86%
Electronic Equipment and Components-0.75%
Semiconductors-0.85%
Communications-2.45%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 31.9%, which is higher than its past year's earnings growth of 25.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 84% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 18% 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 156.002.2%
+NOK 379.1m		10.5%PE23.3x
PLT poLightNOK 4.4016.9%
+NOK 206.9m		16.6%PS76.7x
SPIR Spir GroupNOK 10.5515.7%
+NOK 190.1m		24.1%PE37.1x
ELABS Elliptic LaboratoriesNOK 13.865.6%
+NOK 77.9m		19.5%PS10.7x
LOKO Lokotech GroupNOK 0.7619.0%
+NOK 76.7m		-4.5%PS129.6x

Latest News

KIT
NOK 60.50
Kitron
7D
-1.9%
1Y
51.1%
SPIR
NOK 10.55
Spir Group
7D
15.7%
1Y
24.1%

Many Still Looking Away From Spir Group ASA (OB:SPIR)

Jul 12
Many Still Looking Away From Spir Group ASA (OB:SPIR)
ENSU
NOK 1.22
Ensurge Micropower
7D
1.0%
1Y
-10.1%
LOKO
NOK 0.76
Lokotech Group
7D
19.0%
1Y
-4.5%
NOD
NOK 137.60
Nordic Semiconductor
7D
-1.1%
1Y
-12.0%
NORBT
NOK 206.00
Norbit
7D
-0.5%
1Y
143.5%

Here's Why We Think Norbit (OB:NORBT) Might Deserve Your Attention Today

Jul 01
Here's Why We Think Norbit (OB:NORBT) Might Deserve Your Attention Today
RECSI
NOK 2.24
REC Silicon
7D
-4.4%
1Y
-70.4%
ELABS
NOK 13.86
Elliptic Laboratories
7D
5.6%
1Y
19.5%
PLT
NOK 4.40
poLight
7D
16.9%
1Y
16.6%
NAPA
NOK 25.50
Napatech
7D
-3.6%
1Y
-22.3%
OTEC
NOK 12.85
Otello
7D
3.6%
1Y
61.4%
NEXT
NOK 4.42
NEXT Biometrics Group
7D
-7.5%
1Y
-47.4%
AIRX
NOK 1.20
Airthings
7D
-25.0%
1Y
-55.6%
XPLRA
NOK 43.60
Xplora Technologies
7D
2.1%
1Y
226.6%
ATEA
NOK 156.00
Atea
7D
2.2%
1Y
10.5%

Atea's (OB:ATEA) Dividend Will Be NOK3.50

May 29
Atea's (OB:ATEA) Dividend Will Be NOK3.50
BOUV
NOK 78.40
Bouvet
7D
-1.6%
1Y
21.9%

Analysts Have Made A Financial Statement On Bouvet ASA's (OB:BOUV) First-Quarter Report

May 24
Analysts Have Made A Financial Statement On Bouvet ASA's (OB:BOUV) First-Quarter Report