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Norwegian (OSEAX) Tech Sector Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies32
  • 7D-0.8%
  • 3M-3.4%
  • 1Y25.9%
  • YTD21.8%

The Tech industry has stayed flat over the last week. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, earnings are forecast to grow by 38% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025NOK 118.4bNOK 76.1bNOK 1.9b39.3x63.2x1.6x
Sun, 16 Nov 2025NOK 112.8bNOK 75.6bNOK 1.8b30.2x62.1x1.5x
Tue, 14 Oct 2025NOK 112.7bNOK 74.5bNOK 1.8b32.4x64.2x1.5x
Thu, 11 Sep 2025NOK 116.0bNOK 74.2bNOK 1.7b35.8x68.6x1.6x
Sat, 09 Aug 2025NOK 110.9bNOK 74.1bNOK 1.2b35.7x96.3x1.5x
Mon, 07 Jul 2025NOK 124.8bNOK 80.0bNOK 1.4b39.6x88x1.6x
Wed, 04 Jun 2025NOK 116.8bNOK 79.9bNOK 1.4b37.1x83.2x1.5x
Fri, 02 May 2025NOK 102.3bNOK 79.6bNOK 1.3b33.9x77.6x1.3x
Sun, 30 Mar 2025NOK 101.8bNOK 77.6bNOK 1.1b31.9x96.8x1.3x
Tue, 25 Feb 2025NOK 107.4bNOK 78.2bNOK 943.8m30.1x113.8x1.4x
Thu, 23 Jan 2025NOK 99.8bNOK 76.7bNOK 797.8m34.1x125x1.3x
Sat, 21 Dec 2024NOK 95.8bNOK 76.9bNOK 793.8m32.6x120.7x1.2x
Mon, 18 Nov 2024NOK 94.3bNOK 76.6bNOK 811.6m31.7x116.2x1.2x
Wed, 16 Oct 2024NOK 105.6bNOK 81.1bNOK 699.3m34.9x150.9x1.3x
Fri, 13 Sep 2024NOK 111.1bNOK 81.1bNOK 701.3m33.6x158.4x1.4x
Sun, 11 Aug 2024NOK 109.5bNOK 80.4bNOK 819.8m25.2x133.6x1.4x
Tue, 09 Jul 2024NOK 117.7bNOK 83.0bNOK 1.6b20.5x75x1.4x
Thu, 06 Jun 2024NOK 110.4bNOK 82.9bNOK 1.6b20.5x70.6x1.3x
Sat, 04 May 2024NOK 105.1bNOK 82.4bNOK 1.3b23.4x82.8x1.3x
Mon, 01 Apr 2024NOK 95.1bNOK 84.4bNOK 1.6b22.3x59.3x1.1x
Wed, 28 Feb 2024NOK 93.9bNOK 84.5bNOK 1.6b20.8x60.5x1.1x
Fri, 26 Jan 2024NOK 107.4bNOK 85.9bNOK 944.3m19x113.7x1.2x
Sun, 24 Dec 2023NOK 105.2bNOK 85.7bNOK 938.2m17.2x112.1x1.2x
Tue, 21 Nov 2023NOK 97.8bNOK 86.2bNOK 1.0b16.6x93.2x1.1x
Thu, 19 Oct 2023NOK 102.2bNOK 87.1b-NOK 253,417,832.0019.6x-403.4x1.2x
Sat, 16 Sep 2023NOK 110.1bNOK 87.6b-NOK 24,113,004.0021x-4567.6x1.3x
Mon, 14 Aug 2023NOK 119.9bNOK 85.7b-NOK 291,149,748.0023.3x-411.9x1.4x
Wed, 12 Jul 2023NOK 118.1bNOK 83.8b-NOK 491,192,699.0021.7x-240.5x1.4x
Fri, 09 Jun 2023NOK 120.2bNOK 85.0b-NOK 388,478,244.0023.4x-309.5x1.4x
Sun, 07 May 2023NOK 110.7bNOK 83.3bNOK 48.0m22.6x2307.6x1.3x
Tue, 04 Apr 2023NOK 116.6bNOK 80.7b-NOK 374,872,281.0024.9x-311x1.4x
Thu, 02 Mar 2023NOK 116.0bNOK 80.8b-NOK 292,738,798.0025.8x-396.1x1.4x
Sat, 28 Jan 2023NOK 116.2bNOK 111.8bNOK 327.7m26.3x354.5x1x
Mon, 26 Dec 2022NOK 113.2bNOK 111.8bNOK 327.2m25.6x346x1x
Price to Earnings Ratio

346x


Total Market Cap: NOK 113.2bTotal Earnings: NOK 327.2mTotal Revenue: NOK 111.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 288.8x202320242025
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 63.2x which is lower than its 3-year average PE of 289x.
  • 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 79% per year over the last three years.
  • Meanwhile revenues for these companies have declined 12% 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 Market0.32%
Tech-0.80%
Tech Hardware4.28%
IT0.79%
Software0.0091%
Electronic Equipment and Components-0.80%
Semiconductors-2.01%
Communications-4.34%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 359x.
    • Analysts are expecting annual earnings growth of 52.1% 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 55% over the next 5 years.
  • This is better than its past earnings growth rate of 28% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 17% 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
KIT KitronNOK 69.201.8%
+NOK 259.7m		108.4%PE39.9x
LOKO Lokotech GroupNOK 0.8214.8%
+NOK 66.7m		-56.5%PS57.7x
NORBT NorbitNOK 178.200.5%
+NOK 51.0m		92.9%PE30x
TECH TechstepNOK 13.357.7%
+NOK 32.7m		1.9%PS0.4x
ELABS Elliptic LaboratoriesNOK 6.584.1%
+NOK 27.4m		-36.6%PS4.9x

Latest News

WSTEP
NOK 18.40
Webstep
7D
4.0%
1Y
-16.7%
OTEC
NOK 18.15
Otello
7D
-3.2%
1Y
142.6%
BOUV
NOK 62.40
Bouvet
7D
-1.6%
1Y
-16.9%
PLT
NOK 6.80
poLight
7D
1.5%
1Y
33.9%
TECH
NOK 13.35
Techstep
7D
7.7%
1Y
1.9%

What Techstep ASA's (OB:TECH) P/S Is Not Telling You

Dec 17
What Techstep ASA's (OB:TECH) P/S Is Not Telling You
NOD
NOK 128.30
Nordic Semiconductor
7D
-2.4%
1Y
31.5%
PEXIP
NOK 74.40
Pexip Holding
7D
-1.6%
1Y
69.1%
ELABS
NOK 6.58
Elliptic Laboratories
7D
4.1%
1Y
-36.6%
SMOP
NOK 28.50
Smartoptics Group
7D
-5.0%
1Y
54.1%
KIT
NOK 69.20
Kitron
7D
1.8%
1Y
108.4%
NORBT
NOK 178.20
Norbit
7D
0.5%
1Y
92.9%

Estimating The Intrinsic Value Of Norbit ASA (OB:NORBT)

Dec 10
Estimating The Intrinsic Value Of Norbit ASA (OB:NORBT)
IDEX
NOK 4.20
IDEX Biometrics
7D
9.1%
1Y
-66.7%
ATEA
NOK 159.60
Atea
7D
-1.2%
1Y
15.2%
APR
NOK 83.97
Appear
7D
-4.6%
1Y
n/a
NAPA
NOK 30.00
Napatech
7D
-6.3%
1Y
22.4%
LOKO
NOK 0.82
Lokotech Group
7D
14.8%
1Y
-56.5%