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Norwegian (OSEAX) Tech Sector Analysis
UpdatedMar 13, 2025
DataAggregated Company Financials
Companies33
- 7D-1.6%
- 3M0.6%
- 1Y17.3%
- YTD1.1%
In the last week, the Tech industry is flat overall, with Nordic Semiconductor standing out by going down 3.1%. As for the the longer term, the industry is up 17% over the past 12 months. Looking forward, earnings are forecast to grow by 36% annually.
Sector Valuation and Performance
Has the Norwegian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 13 Mar 2025 | NOK 99.9b | NOK 77.9b | NOK 970.9m | 28x | 102.9x | 1.3x |
| Sat, 08 Feb 2025 | NOK 105.8b | NOK 78.3b | NOK 764.9m | 36.7x | 138.3x | 1.4x |
| Mon, 06 Jan 2025 | NOK 99.3b | NOK 76.8b | NOK 788.6m | 34x | 126x | 1.3x |
| Wed, 04 Dec 2024 | NOK 95.6b | NOK 76.6b | NOK 819.9m | 34.1x | 116.6x | 1.2x |
| Fri, 01 Nov 2024 | NOK 104.5b | NOK 77.8b | NOK 698.2m | 28.7x | 149.6x | 1.3x |
| Sun, 29 Sep 2024 | NOK 106.2b | NOK 80.8b | NOK 730.0m | 32.4x | 145.5x | 1.3x |
| Tue, 27 Aug 2024 | NOK 112.9b | NOK 80.5b | NOK 649.0m | 34.2x | 174x | 1.4x |
| Thu, 25 Jul 2024 | NOK 116.5b | NOK 82.6b | NOK 1.4b | 20.7x | 82.1x | 1.4x |
| Sat, 22 Jun 2024 | NOK 112.2b | NOK 82.8b | NOK 1.6b | 21.5x | 71.8x | 1.4x |
| Mon, 20 May 2024 | NOK 109.6b | NOK 83.1b | NOK 1.6b | 21.1x | 69.5x | 1.3x |
| Wed, 17 Apr 2024 | NOK 94.0b | NOK 84.5b | NOK 1.6b | 22.5x | 59.6x | 1.1x |
| Fri, 15 Mar 2024 | NOK 93.1b | NOK 84.8b | NOK 1.7b | 21x | 56.2x | 1.1x |
| Sun, 11 Feb 2024 | NOK 96.8b | NOK 83.1b | NOK 1.6b | 18.4x | 60x | 1.2x |
| Tue, 09 Jan 2024 | NOK 103.7b | NOK 85.9b | NOK 945.4m | 17.5x | 109.7x | 1.2x |
| Thu, 07 Dec 2023 | NOK 99.2b | NOK 86.7b | NOK 964.3m | 16.6x | 102.9x | 1.1x |
| Sat, 04 Nov 2023 | NOK 98.8b | NOK 87.3b | -NOK 235,809,289.00 | 19.1x | -418.9x | 1.1x |
| Mon, 02 Oct 2023 | NOK 106.7b | NOK 87.2b | NOK 13.4m | 18.4x | 7957.9x | 1.2x |
| Wed, 30 Aug 2023 | NOK 112.4b | NOK 87.3b | -NOK 27,646,707.00 | 22.4x | -4065.5x | 1.3x |
| Fri, 28 Jul 2023 | NOK 120.9b | NOK 85.0b | -NOK 374,767,430.00 | 21.4x | -322.5x | 1.4x |
| Sun, 25 Jun 2023 | NOK 118.0b | NOK 84.9b | -NOK 322,106,510.00 | 21.6x | -366.4x | 1.4x |
| Tue, 23 May 2023 | NOK 115.9b | NOK 84.4b | -NOK 317,953,609.00 | 25.4x | -364.6x | 1.4x |
| Thu, 20 Apr 2023 | NOK 114.7b | NOK 81.0b | -NOK 411,231,396.00 | 24x | -278.9x | 1.4x |
| Sat, 18 Mar 2023 | NOK 112.4b | NOK 81.1b | -NOK 346,765,896.00 | 23.4x | -324x | 1.4x |
| Mon, 13 Feb 2023 | NOK 112.2b | NOK 101.3b | NOK 342.3m | 24.9x | 327.8x | 1.1x |
| Wed, 11 Jan 2023 | NOK 117.3b | NOK 111.9b | NOK 321.2m | 25.2x | 365x | 1x |
| Fri, 09 Dec 2022 | NOK 115.9b | NOK 111.8b | NOK 412.7m | 25.4x | 280.9x | 1x |
| Sun, 06 Nov 2022 | NOK 109.5b | NOK 111.4b | NOK 396.3m | 24.1x | 276.3x | 1x |
| Tue, 04 Oct 2022 | NOK 104.9b | NOK 107.9b | NOK 107.1m | 24x | 979.3x | 1x |
| Thu, 01 Sep 2022 | NOK 112.8b | NOK 106.9b | NOK 138.7m | 27.5x | 812.8x | 1.1x |
| Sat, 30 Jul 2022 | NOK 123.6b | NOK 105.6b | NOK 275.9m | 27.5x | 447.9x | 1.2x |
| Mon, 27 Jun 2022 | NOK 112.7b | NOK 103.8b | NOK 541.9m | 26.1x | 208x | 1.1x |
| Wed, 25 May 2022 | NOK 114.2b | NOK 103.2b | NOK 564.5m | 26.4x | 202.3x | 1.1x |
| Fri, 22 Apr 2022 | NOK 127.2b | NOK 100.9b | NOK 312.8m | 37x | 406.5x | 1.3x |
| Sun, 20 Mar 2022 | NOK 146.4b | NOK 100.8b | NOK 337.1m | 32.5x | 434.2x | 1.5x |
Price to Earnings Ratio
434.2x
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 102x which is lower than its 3-year average PE of 431x.
- 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 42% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.2% 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 | 0.34% | |
| Tech | -1.59% | |
| Electronic Equipment and Components | -0.61% | |
| Communications | -0.70% | |
| IT | -0.98% | |
| Tech Hardware | -1.65% | |
| Software | -1.67% | |
| Semiconductors | -2.94% | |
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 36.1%, 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 63% 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 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BOUV Bouvet | NOK 72.30 | 2.4% +NOK 175.9m | 15.1% | PE19.5x | |
| KIT Kitron | NOK 44.52 | 1.2% +NOK 107.4m | 26.8% | PE27.3x | |
| NAPA Napatech | NOK 18.40 | 1.7% +NOK 30.0m | 2.2% | PS10.2x | |
| ITERA Itera | NOK 8.78 | 4.0% +NOK 27.7m | -28.6% | PE20.5x | |
| LOKO Lokotech Group | NOK 1.98 | 6.5% +NOK 21.1m | 164.0% | PB8.2x |
