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Norwegian (OSEAX) Tech Sector Analysis

UpdatedApr 15, 2025
DataAggregated Company Financials
Companies32
  • 7D4.1%
  • 3M1.6%
  • 1Y16.2%
  • YTD-0.08%

The Tech is pretty flat in the last 7 days, but Norbit has stood out, gaining 6.9%. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are expected to grow by 34% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Apr 2025NOK 98.6bNOK 78.1bNOK 1.1b32.3x92.3x1.3x
Thu, 13 Mar 2025NOK 99.9bNOK 77.9bNOK 970.9m28x102.9x1.3x
Sat, 08 Feb 2025NOK 105.8bNOK 78.3bNOK 764.9m36.7x138.3x1.4x
Mon, 06 Jan 2025NOK 99.3bNOK 76.8bNOK 788.6m34x126x1.3x
Wed, 04 Dec 2024NOK 95.6bNOK 76.6bNOK 819.9m34.1x116.6x1.2x
Fri, 01 Nov 2024NOK 104.5bNOK 77.8bNOK 698.2m28.7x149.6x1.3x
Sun, 29 Sep 2024NOK 106.2bNOK 80.8bNOK 730.0m32.4x145.5x1.3x
Tue, 27 Aug 2024NOK 112.9bNOK 80.5bNOK 649.0m34.2x174x1.4x
Thu, 25 Jul 2024NOK 116.5bNOK 82.6bNOK 1.4b20.7x82.1x1.4x
Sat, 22 Jun 2024NOK 112.2bNOK 82.8bNOK 1.6b21.5x71.8x1.4x
Mon, 20 May 2024NOK 109.6bNOK 83.1bNOK 1.6b21.1x69.5x1.3x
Wed, 17 Apr 2024NOK 94.0bNOK 84.5bNOK 1.6b22.5x59.6x1.1x
Fri, 15 Mar 2024NOK 93.1bNOK 84.8bNOK 1.7b21x56.2x1.1x
Sun, 11 Feb 2024NOK 96.8bNOK 83.1bNOK 1.6b18.4x60x1.2x
Tue, 09 Jan 2024NOK 103.7bNOK 85.9bNOK 945.4m17.5x109.7x1.2x
Thu, 07 Dec 2023NOK 99.2bNOK 86.7bNOK 964.3m16.6x102.9x1.1x
Sat, 04 Nov 2023NOK 98.8bNOK 87.3b-NOK 235,809,289.0019.1x-418.9x1.1x
Mon, 02 Oct 2023NOK 106.7bNOK 87.2bNOK 13.4m18.4x7957.9x1.2x
Wed, 30 Aug 2023NOK 112.4bNOK 87.3b-NOK 27,646,707.0022.4x-4065.5x1.3x
Fri, 28 Jul 2023NOK 120.9bNOK 85.0b-NOK 374,767,430.0021.4x-322.5x1.4x
Sun, 25 Jun 2023NOK 118.0bNOK 84.9b-NOK 322,106,510.0021.6x-366.4x1.4x
Tue, 23 May 2023NOK 115.9bNOK 84.4b-NOK 317,953,609.0025.4x-364.6x1.4x
Thu, 20 Apr 2023NOK 114.7bNOK 81.0b-NOK 411,231,396.0024x-278.9x1.4x
Sat, 18 Mar 2023NOK 112.4bNOK 81.1b-NOK 346,765,896.0023.4x-324x1.4x
Mon, 13 Feb 2023NOK 112.2bNOK 101.3bNOK 342.3m24.9x327.8x1.1x
Wed, 11 Jan 2023NOK 117.3bNOK 111.9bNOK 321.2m25.2x365x1x
Fri, 09 Dec 2022NOK 115.9bNOK 111.8bNOK 412.7m25.4x280.9x1x
Sun, 06 Nov 2022NOK 109.5bNOK 111.4bNOK 396.3m24.1x276.3x1x
Tue, 04 Oct 2022NOK 104.9bNOK 107.9bNOK 107.1m24x979.3x1x
Thu, 01 Sep 2022NOK 112.8bNOK 106.9bNOK 138.7m27.5x812.8x1.1x
Sat, 30 Jul 2022NOK 123.6bNOK 105.6bNOK 275.9m27.5x447.9x1.2x
Mon, 27 Jun 2022NOK 112.7bNOK 103.8bNOK 541.9m26.1x208x1.1x
Wed, 25 May 2022NOK 114.2bNOK 103.2bNOK 564.5m26.4x202.3x1.1x
Fri, 22 Apr 2022NOK 127.2bNOK 100.9bNOK 312.8m37x406.5x1.3x
Price to Earnings Ratio

406.5x


Total Market Cap: NOK 127.2bTotal Earnings: NOK 312.8mTotal Revenue: NOK 100.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 420.5x202320242025
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 89.2x which is lower than its 3-year average PE of 421x.
  • 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 51% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.1% 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 Market2.96%
Tech4.13%
Electronic Equipment and Components9.43%
Software5.09%
IT4.86%
Communications3.73%
Tech Hardware-2.17%
Semiconductors-2.34%
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 29.6%, which is higher than its past year's earnings decline of 7.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings decline of 46% 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
NORBT NorbitNOK 123.4013.4%
+NOK 929.0m		77.8%PE32.3x
KIT KitronNOK 49.727.0%
+NOK 648.5m		57.6%PE29.4x
ATEA AteaNOK 134.004.4%
+NOK 623.7m		1.1%PE19.3x
CRAYN Crayon Group HoldingNOK 113.705.8%
+NOK 547.4m		63.7%PE38.9x
LINK LINK Mobility Group HoldingNOK 22.458.5%
+NOK 493.6m		22.5%PE36.9x
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Latest News

LINK

NOK 22.45

LINK Mobility Group Holding

7D

8.5%

1Y

22.5%

BOUV

NOK 76.70

Bouvet

7D

5.8%

1Y

24.5%

NORBT

NOK 123.40

Norbit

7D

13.4%

1Y

77.8%

SMOP

NOK 18.60

Smartoptics Group

7D

-1.8%

1Y

1.9%

NEXT

NOK 4.90

NEXT Biometrics Group

7D

-1.0%

1Y

-43.7%

NOD

NOK 108.30

Nordic Semiconductor

7D

-2.3%

1Y

18.4%

TECH

NOK 11.25

Techstep

7D

-2.2%

1Y

12.5%

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Apr 10
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XPLRA

NOK 28.30

Xplora Technologies

7D

19.4%

1Y

105.8%

RECSI

NOK 2.05

REC Silicon

7D

33.1%

1Y

-81.4%

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Apr 04
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KIT

NOK 49.72

Kitron

7D

7.0%

1Y

57.6%

AIRX

NOK 1.31

Airthings

7D

-9.3%

1Y

-55.7%

ATEA

NOK 134.00

Atea

7D

4.4%

1Y

1.1%

LOKO

NOK 1.25

Lokotech Group

7D

-1.6%

1Y

80.6%

NAPA

NOK 18.30

Napatech

7D

-1.0%

1Y

-20.1%

CRAYN

NOK 113.70

Crayon Group Holding

7D

5.8%

1Y

63.7%

PLT

NOK 2.66

poLight

7D

-1.8%

1Y

-36.4%