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Norwegian (OSEAX) Tech Sector Analysis

UpdatedFeb 06, 2025
DataAggregated Company Financials
Companies33
  • 7D2.9%
  • 3M10.8%
  • 1Y21.6%
  • YTD5.9%

Over the last 7 days, the Tech industry has remained flat, although notably Nordic Semiconductor gained 20%. The past year has been better, since the industry has gained 19% in that time. As for the next few years, earnings are expected to grow by 39% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Feb 2025NOK 100.4bNOK 76.7bNOK 800.7m36.6x125.4x1.3x
Sat, 04 Jan 2025NOK 99.4bNOK 76.8bNOK 786.5m34x126.3x1.3x
Mon, 02 Dec 2024NOK 95.2bNOK 76.6bNOK 823.1m34x115.6x1.2x
Wed, 30 Oct 2024NOK 104.1bNOK 77.7bNOK 603.2m28.7x172.6x1.3x
Fri, 27 Sep 2024NOK 106.8bNOK 80.9bNOK 728.5m31.7x146.6x1.3x
Sun, 25 Aug 2024NOK 113.1bNOK 80.4bNOK 654.9m34.7x172.8x1.4x
Tue, 23 Jul 2024NOK 117.6bNOK 82.5bNOK 1.4b20.7x82.9x1.4x
Thu, 20 Jun 2024NOK 113.0bNOK 82.8bNOK 1.6b21.4x72.2x1.4x
Sat, 18 May 2024NOK 109.3bNOK 83.2bNOK 1.6b21.1x69.3x1.3x
Mon, 15 Apr 2024NOK 95.8bNOK 84.4bNOK 1.6b22.5x60.9x1.1x
Wed, 13 Mar 2024NOK 93.3bNOK 84.8bNOK 1.7b20.7x56.3x1.1x
Fri, 09 Feb 2024NOK 95.8bNOK 83.2bNOK 1.6b18.5x59.6x1.2x
Sun, 07 Jan 2024NOK 103.2bNOK 85.8bNOK 940.6m17.7x109.8x1.2x
Tue, 05 Dec 2023NOK 96.7bNOK 86.5bNOK 953.7m16.7x101.4x1.1x
Thu, 02 Nov 2023NOK 95.9bNOK 87.5b-NOK 264,278,322.0019.3x-362.8x1.1x
Sat, 30 Sep 2023NOK 106.7bNOK 87.2bNOK 14.9m18.4x7157.9x1.2x
Mon, 28 Aug 2023NOK 111.9bNOK 87.2b-NOK 28,840,603.0022.7x-3880.7x1.3x
Wed, 26 Jul 2023NOK 121.9bNOK 85.0b-NOK 380,460,471.0020.7x-320.5x1.4x
Fri, 23 Jun 2023NOK 118.7bNOK 84.6b-NOK 311,803,659.0022.4x-380.8x1.4x
Sun, 21 May 2023NOK 115.3bNOK 84.4b-NOK 316,585,454.0025.8x-364.2x1.4x
Tue, 18 Apr 2023NOK 115.9bNOK 80.9b-NOK 405,014,186.0023.9x-286.1x1.4x
Thu, 16 Mar 2023NOK 111.0bNOK 81.2b-NOK 356,604,123.0022.7x-311.2x1.4x
Sat, 11 Feb 2023NOK 112.2bNOK 101.2bNOK 355.0m24.9x316x1.1x
Mon, 09 Jan 2023NOK 115.6bNOK 112.0bNOK 320.5m25.6x360.7x1x
Wed, 07 Dec 2022NOK 116.8bNOK 111.8bNOK 412.6m25.6x283.1x1x
Fri, 04 Nov 2022NOK 109.4bNOK 111.5bNOK 380.2m23.5x287.7x1x
Sun, 02 Oct 2022NOK 104.1bNOK 108.0bNOK 97.9m23.9x1063x1x
Tue, 30 Aug 2022NOK 111.9bNOK 106.8bNOK 145.0m27.3x772x1x
Thu, 28 Jul 2022NOK 120.1bNOK 105.8bNOK 269.8m27.2x445x1.1x
Sat, 25 Jun 2022NOK 112.7bNOK 103.8bNOK 577.4m26.1x195.2x1.1x
Mon, 23 May 2022NOK 117.0bNOK 103.4bNOK 570.2m26.5x205.1x1.1x
Wed, 20 Apr 2022NOK 124.8bNOK 100.8bNOK 312.5m36.7x399.2x1.2x
Fri, 18 Mar 2022NOK 144.3bNOK 100.8bNOK 312.5m32.2x461.8x1.4x
Sun, 13 Feb 2022NOK 147.5bNOK 98.4bNOK 163.4m29.2x902.5x1.5x
Price to Earnings Ratio

902.5x


Total Market Cap: NOK 147.5bTotal Earnings: NOK 163.4mTotal Revenue: NOK 98.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 459.9x202320242025
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 123x which is lower than its 3-year average PE of 460x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 149% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.9% 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-0.75%
Tech2.91%
Semiconductors19.72%
IT2.89%
Tech Hardware2.19%
Communications0.30%
Electronic Equipment and Components-2.00%
Software-3.95%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 92.5x.
    • Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings decline of 13.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 89% over the next 5 years.
  • This is better than its past earnings decline of 55% 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
NOD Nordic SemiconductorNOK 142.1525.6%
+NOK 5.6b		51.2%PS4.7x
ENSU Ensurge MicropowerNOK 1.3421.8%
+NOK 177.7m		157.7%PS569x
SMOP Smartoptics GroupNOK 22.407.2%
+NOK 147.1m		30.2%PE60.5x
PLT poLightNOK 3.9017.1%
+NOK 73.9m		-73.0%PS37.3x
BOUV BouvetNOK 81.300.6%
+NOK 51.4m		33.3%PE22.2x
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Latest News

NOD

NOK 142.15

Nordic Semiconductor

7D

25.6%

1Y

51.2%

KIT

NOK 38.28

Kitron

7D

-1.3%

1Y

14.3%

SMOP

NOK 22.40

Smartoptics Group

7D

7.2%

1Y

30.2%

Investors Appear Satisfied With Smartoptics Group AS' (OB:SMOP) Prospects

Feb 06
Investors Appear Satisfied With Smartoptics Group AS' (OB:SMOP) Prospects

PLT

NOK 3.90

poLight

7D

17.1%

1Y

-73.0%

ENSU

NOK 1.34

Ensurge Micropower

7D

21.8%

1Y

157.7%

CRAYN

NOK 110.50

Crayon Group Holding

7D

-10.8%

1Y

28.6%

LOKO

NOK 2.15

Lokotech Group

7D

-16.0%

1Y

200.3%

XPLRA

NOK 31.40

Xplora Technologies

7D

2.3%

1Y

138.8%

NAPA

NOK 25.50

Napatech

7D

1.6%

1Y

61.4%

RECSI

NOK 1.21

REC Silicon

7D

-13.9%

1Y

-89.9%

NEXT

NOK 6.20

NEXT Biometrics Group

7D

-13.6%

1Y

-23.5%

SPIR

NOK 8.68

Spir Group

7D

3.6%

1Y

37.3%

PEXIP

NOK 45.65

Pexip Holding

7D

-3.6%

1Y

75.6%

BOUV

NOK 81.30

Bouvet

7D

0.6%

1Y

33.3%

NORBT

NOK 103.60

Norbit

7D

-4.3%

1Y

64.4%

Norbit ASA Just Missed Revenue By 14%: Here's What Analysts Think Will Happen Next

Nov 17
Norbit ASA Just Missed Revenue By 14%: Here's What Analysts Think Will Happen Next

ATEA

NOK 137.00

Atea

7D

-4.2%

1Y

5.7%