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Norwegian (OSEAX) Tech Sector Analysis

UpdatedDec 04, 2022
DataAggregated Company Financials
Companies47
  • 7D0.5%
  • 3M11.3%
  • 1Y-33.3%
  • YTD-34.6%

In the last week, the Tech industry is flat overall, with REC Silicon standing out by going down 7.5%. Unfortunately though, the industry is down 33% over the past 12 months. Looking forward, earnings are forecast to grow by 41% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022kr119.0bkr111.6bkr420.8m25.2x282.8x1.1x
Tue, 01 Nov 2022kr109.6bkr111.5bkr355.2m24.6x308.5x1x
Thu, 29 Sep 2022kr101.5bkr107.9bkr100.7m23.4x1007.5x0.9x
Sat, 27 Aug 2022kr114.2bkr106.7bkr151.8m28x752x1.1x
Mon, 25 Jul 2022kr121.3bkr105.9bkr267.3m27.3x453.7x1.1x
Wed, 22 Jun 2022kr110.8bkr103.7bkr570.6m27x194.3x1.1x
Fri, 20 May 2022kr116.2bkr103.1bkr531.4m26.8x218.6x1.1x
Sun, 17 Apr 2022kr124.2bkr100.8bkr312.6m36x397.2x1.2x
Tue, 15 Mar 2022kr140.6bkr101.0bkr351.0m31.7x400.4x1.4x
Thu, 10 Feb 2022kr149.8bkr98.1bkr55.1m29.4x2719.2x1.5x
Sat, 08 Jan 2022kr166.8bkr97.5b-kr50,594,953.0034.9x-3296.2x1.7x
Mon, 06 Dec 2021kr169.0bkr96.9bkr109.7m36x1539.8x1.7x
Wed, 03 Nov 2021kr166.7bkr95.3bkr264.4m33.2x630.4x1.7x
Fri, 01 Oct 2021kr191.7bkr93.6bkr861.3m35.4x222.6x2x
Sun, 29 Aug 2021kr178.6bkr91.5bkr817.1m35.3x218.6x2x
Mon, 05 Jul 2021kr160.7bkr91.5bkr817.1m29x196.6x1.8x
Thu, 08 Apr 2021kr146.0bkr86.9bkr600.9m26.4x242.9x1.7x
Sun, 10 Jan 2021kr125.2bkr82.9bkr523.6m32.7x239.1x1.5x
Sat, 03 Oct 2020kr77.9bkr72.8bkr660.7m29.5x118x1.1x
Tue, 07 Jul 2020kr53.1bkr70.2bkr496.1m23.7x107.1x0.8x
Fri, 10 Apr 2020kr32.3bkr66.6bkr257.3m17.2x125.6x0.5x
Thu, 02 Jan 2020kr55.5bkr77.3bkr935.7m22.2x59.4x0.7x
Price to Earnings Ratio

59.4x


Total Market Cap: kr55.5bTotal Earnings: kr935.7mTotal Revenue: kr77.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 358.8x20212022
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 283x which is lower than its 3-year average PE of 359x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
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 grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

NO Market-0.70%
Tech0.48%
Electronic Equipment and Components1.35%
Software1.26%
Communications1.08%
Semiconductors0.16%
IT-0.56%
Tech Hardware-0.59%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 220x.
    • Analysts are expecting annual earnings growth of 34.7%, which is lower than the prior year's growth of 88.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 79% over the next 5 years.
  • However this is lower than its past earnings growth rate of 160% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 15% 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 Semiconductorkr181.101.7%
+kr592.0m
-37.1%PE29.9x
VOLUE Voluekr32.908.6%
+kr374.1m
-42.6%PE101.1x
LINK LINK Mobility Group Holdingkr8.844.9%
+kr120.6m
-54.4%PE11.3x
BOUV Bouvetkr56.502.0%
+kr113.1m
-24.0%PE18.9x
PEXIP Pexip Holdingkr13.368.8%
+kr109.5m
-64.2%PS1.6x
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Latest News

NOD

kr181.10

Nordic Semiconductor

7D

1.7%

1Y

-37.1%

PLT

kr21.90

poLight

7D

7.9%

1Y

-20.1%

RECSI

kr16.23

REC Silicon

7D

-7.5%

1Y

-16.6%

STRO

kr21.55

StrongPoint

7D

-1.6%

1Y

-8.7%

PEXIP

kr13.36

Pexip Holding

7D

8.8%

1Y

-64.2%

LINK

kr8.84

LINK Mobility Group Holding

7D

4.9%

1Y

-54.4%

VOLUE

kr32.90

Volue

7D

8.6%

1Y

-42.6%

BOUV

kr56.50

Bouvet

7D

2.0%

1Y

-24.0%

SMCRT

kr14.70

SmartCraft

7D

-9.5%

1Y

-22.6%

HDLY

kr4.00

Huddly

7D

-4.6%

1Y

-55.6%

HMONY

kr0.84

Harmonychain

7D

-6.6%

1Y

-19.2%

IDEX

kr1.24

IDEX Biometrics

7D

7.4%

1Y

-64.0%

ITERA

kr13.55

Itera

7D

8.4%

1Y

-9.7%

CRAYN

kr108.00

Crayon Group Holding

7D

-0.09%

1Y

-36.9%

ATEA

kr118.40

Atea

7D

-2.6%

1Y

-26.9%

KIT

kr23.70

Kitron

7D

-1.0%

1Y

24.7%