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Norwegian (OSEAX) Tech Sector Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies30
  • 7D1.6%
  • 3M-10.0%
  • 1Y9.2%
  • YTD3.6%

Over the last 7 days, the Tech industry has remained flat, although notably Atea gained 4.3%. The past year has been better, since the industry has gained 7.8% in that time. Earnings are forecast to grow by 28% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Aug 2026NOK 127.0bNOK 83.3bNOK 3.5b21.3x36.4x1.5x
Mon, 29 Jun 2026NOK 133.7bNOK 81.0bNOK 3.2b22.6x41.8x1.7x
Wed, 27 May 2026NOK 146.1bNOK 79.8bNOK 3.1b24.2x47.9x1.8x
Fri, 24 Apr 2026NOK 194.3bNOK 76.7bNOK 2.4b23.9x80.3x2.5x
Sun, 22 Mar 2026NOK 116.2bNOK 76.1bNOK 2.5b23.1x47x1.5x
Tue, 17 Feb 2026NOK 119.7bNOK 76.8bNOK 2.4b27.1x49.8x1.6x
Thu, 15 Jan 2026NOK 121.6bNOK 75.9bNOK 1.9b40.1x65.2x1.6x
Sat, 13 Dec 2025NOK 120.3bNOK 76.1bNOK 1.9b39.4x64.2x1.6x
Mon, 10 Nov 2025NOK 113.4bNOK 75.6bNOK 1.9b31.5x60.9x1.5x
Wed, 08 Oct 2025NOK 113.8bNOK 74.3bNOK 1.8b32.8x64.9x1.5x
Fri, 05 Sep 2025NOK 113.4bNOK 74.6bNOK 1.7b33.9x65.8x1.5x
Sun, 03 Aug 2025NOK 111.7bNOK 74.0bNOK 1.2b37.7x97x1.5x
Tue, 01 Jul 2025NOK 125.2bNOK 80.0bNOK 1.4b39.7x88.3x1.6x
Thu, 29 May 2025NOK 115.8bNOK 79.9bNOK 1.4b36.6x81.8x1.5x
Sat, 26 Apr 2025NOK 103.8bNOK 77.9bNOK 1.1b35.4x97.9x1.3x
Mon, 24 Mar 2025NOK 103.7bNOK 77.7bNOK 1.0b32.8x98.9x1.3x
Wed, 19 Feb 2025NOK 106.3bNOK 78.1bNOK 877.1m29.8x121.2x1.4x
Fri, 17 Jan 2025NOK 97.3bNOK 76.8bNOK 788.7m32.9x123.4x1.3x
Sun, 15 Dec 2024NOK 98.1bNOK 76.6bNOK 806.9m34x121.5x1.3x
Tue, 12 Nov 2024NOK 93.6bNOK 76.3bNOK 728.2m27.6x128.5x1.2x
Thu, 10 Oct 2024NOK 105.4bNOK 81.0bNOK 704.4m33.1x149.7x1.3x
Sat, 07 Sep 2024NOK 110.1bNOK 81.1bNOK 702.4m33.4x156.7x1.4x
Mon, 05 Aug 2024NOK 112.0bNOK 82.5bNOK 1.4b21x78.9x1.4x
Wed, 03 Jul 2024NOK 112.7bNOK 83.0bNOK 1.6b20.5x72x1.4x
Fri, 31 May 2024NOK 110.1bNOK 82.8bNOK 1.6b20.5x70.6x1.3x
Sun, 28 Apr 2024NOK 100.3bNOK 82.6bNOK 1.2b21.1x83.7x1.2x
Tue, 26 Mar 2024NOK 94.5bNOK 85.0bNOK 1.7b20.7x56.8x1.1x
Thu, 22 Feb 2024NOK 93.7bNOK 84.4bNOK 1.5b20.6x61.1x1.1x
Sat, 20 Jan 2024NOK 105.1bNOK 86.0bNOK 950.1m17.9x110.6x1.2x
Mon, 18 Dec 2023NOK 105.8bNOK 86.0bNOK 948.3m16.8x111.6x1.2x
Wed, 15 Nov 2023NOK 102.0bNOK 87.8b-NOK 78,206,616.0016.8x-1304.6x1.2x
Fri, 13 Oct 2023NOK 106.4bNOK 87.7bNOK 3.4m17.6x31646.6x1.2x
Sun, 10 Sep 2023NOK 110.9bNOK 87.5b-NOK 21,414,456.0021.8x-5179.4x1.3x
Tue, 08 Aug 2023NOK 120.3bNOK 85.1b-NOK 386,763,147.0021.6x-310.9x1.4x
Price to Earnings Ratio

-310.9x


Total Market Cap: NOK 120.3bTotal Earnings: -NOK 386,763,147.00Total Revenue: NOK 85.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 329.6x202420252026
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 36.4x which is lower than its 3-year average PE of 329x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

NO Market0.36%
Tech1.58%
Software4.67%
Tech Hardware3.59%
IT3.18%
Electronic Equipment and Components1.29%
Semiconductors0.062%
Communications-1.38%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 424x.
    • Analysts are expecting annual earnings growth of 36.9% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 68% over the next 5 years.
  • However this is lower than its past earnings growth rate of 100% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 9.7% 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 171.204.3%
+NOK 780.1m		22.6%PE16.4x
NORBT NorbitNOK 175.403.2%
+NOK 351.4m		-13.2%PE26.3x
PEXIP Pexip HoldingNOK 80.204.3%
+NOK 344.5m		26.1%PE31x
LINK LINK Mobility Group HoldingNOK 25.504.9%
+NOK 338.8m		-22.3%PE54.3x
GENO General OceansNOK 21.804.6%
+NOK 180.6m		n/aPE26.2x

Latest News

SMOP
NOK 43.60
Smartoptics Group
7D
-0.5%
1Y
156.5%
NORBT
NOK 175.40
Norbit
7D
3.2%
1Y
-13.2%
ITERA
NOK 6.36
Itera
7D
-2.5%
1Y
-29.6%
PEXIP
NOK 80.20
Pexip Holding
7D
4.3%
1Y
26.1%
New Narrative • Jul 18

Sovereign Cloud And Secure Video Demand Will Support Steady But Limited Upside

Catalysts About Pexip Holding Pexip Holding provides software based video conferencing infrastructure with a focus on secure, interoperable and customizable meeting solutions for large organizations. What are the underlying business or industry changes driving this perspective?
ATEA
NOK 171.20
Atea
7D
4.3%
1Y
22.6%
KIT
NOK 86.90
Kitron
7D
-0.8%
1Y
39.2%
APR
NOK 41.20
Appear
7D
-1.0%
1Y
n/a
HDLY
NOK 30.40
Huddly
7D
-7.3%
1Y
148.2%
GENO
NOK 21.80
General Oceans
7D
4.6%
1Y
n/a
LINK
NOK 25.50
LINK Mobility Group Holding
7D
4.9%
1Y
-22.3%
Narrative Update • Jun 30

LINK: Buybacks And Active M&A Will Support Future Share Price Re‑Rating

Analysts have raised their price target on LINK Mobility Group Holding from NOK 30.25 to NOK 34.80, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that together indicate a higher fair value estimate. What’s in the News for LINK Mobility Group Holding An undisclosed buyer acquired a 13.3% stake in LINK Mobility Group Holding ASA from Victory Partners Viii Limited for NOK 1.1b, at NOK 26.75 per share for 40,540,774 shares.
MDATA
NOK 11.24
Magnora Data Center
7D
-3.1%
1Y
n/a
XPLRA
NOK 36.60
Xplora Technologies
7D
3.5%
1Y
-22.1%
Narrative Update • Jun 17

XPLRA: Subscription Momentum And Equity Raise Will Support Stronger Future Profits

Analysts have held their fair value estimate for Xplora Technologies steady at NOK 85.0, citing a balance between slightly softer revenue growth and profit margin assumptions, and a higher future P/E expectation that together support an unchanged price target. What’s in the News for Xplora Technologies Xplora Technologies completed a follow on equity offering of NOK 149,999,980, issuing 2,884,615 common shares at NOK 52 per share.
NAPA
NOK 38.60
Napatech
7D
-1.0%
1Y
54.1%
BOUV
NOK 45.15
Bouvet
7D
1.9%
1Y
-40.0%
Analysis Article • May 16

Bouvet ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Bouvet ASA ( OB:BOUV ) just released its latest quarterly report and things are not looking great. Bouvet missed...
LOKO
NOK 0.71
Lokotech Group
7D
-7.5%
1Y
-15.4%
OTEC
NOK 18.00
Otello
7D
6.6%
1Y
33.3%