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Norwegian (OSEAX) Tech Sector Analysis
UpdatedJun 06, 2025
DataAggregated Company Financials
Companies31
- 7D3.0%
- 3M15.6%
- 1Y17.3%
- YTD19.8%
Over the last 7 days, the Tech industry has risen 3.0%, driven by gains from Nordic Semiconductor of 8.2%. Meanwhile, Smartoptics Group actually underperformed within the industry, shrinking 6.2% in the last week. In the last 12 months, the industry was up 17%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Jun 2025 | NOK 119.5b | NOK 79.8b | NOK 1.4b | 38x | 84.9x | 1.5x |
| Mon, 05 May 2025 | NOK 106.1b | NOK 79.5b | NOK 1.3b | 35.2x | 80.4x | 1.3x |
| Wed, 02 Apr 2025 | NOK 101.1b | NOK 77.6b | NOK 1.1b | 31.6x | 96.1x | 1.3x |
| Fri, 28 Feb 2025 | NOK 104.6b | NOK 78.3b | NOK 899.7m | 29.3x | 116.2x | 1.3x |
| Sun, 26 Jan 2025 | NOK 101.4b | NOK 76.7b | NOK 804.2m | 35.4x | 126.1x | 1.3x |
| Tue, 24 Dec 2024 | NOK 96.4b | NOK 76.9b | NOK 791.8m | 33.2x | 121.7x | 1.3x |
| Thu, 21 Nov 2024 | NOK 91.1b | NOK 76.6b | NOK 819.5m | 33.9x | 111.2x | 1.2x |
| Sat, 19 Oct 2024 | NOK 100.2b | NOK 77.6b | NOK 605.7m | 27.4x | 165.5x | 1.3x |
| Mon, 16 Sep 2024 | NOK 111.3b | NOK 81.0b | NOK 705.7m | 34.7x | 157.8x | 1.4x |
| Wed, 14 Aug 2024 | NOK 111.0b | NOK 80.3b | NOK 825.8m | 26.3x | 134.4x | 1.4x |
| Fri, 12 Jul 2024 | NOK 119.1b | NOK 83.2b | NOK 1.6b | 20.5x | 75.7x | 1.4x |
| Sun, 09 Jun 2024 | NOK 111.8b | NOK 83.1b | NOK 1.6b | 20.9x | 71.1x | 1.3x |
| Tue, 07 May 2024 | NOK 104.9b | NOK 82.3b | NOK 1.3b | 24.2x | 82.2x | 1.3x |
| Thu, 04 Apr 2024 | NOK 93.3b | NOK 84.2b | NOK 1.6b | 22.3x | 58.8x | 1.1x |
| Sat, 02 Mar 2024 | NOK 94.7b | NOK 84.6b | NOK 1.6b | 20.8x | 57.7x | 1.1x |
| Mon, 29 Jan 2024 | NOK 106.9b | NOK 85.9b | NOK 943.7m | 18.9x | 113.3x | 1.2x |
| Wed, 27 Dec 2023 | NOK 105.2b | NOK 85.7b | NOK 937.6m | 17.2x | 112.2x | 1.2x |
| Fri, 24 Nov 2023 | NOK 97.6b | NOK 86.3b | NOK 1.1b | 16.7x | 92.8x | 1.1x |
| Sun, 22 Oct 2023 | NOK 99.2b | NOK 86.8b | -NOK 264,546,851.00 | 19.8x | -375.1x | 1.1x |
| Tue, 19 Sep 2023 | NOK 108.0b | NOK 87.7b | -NOK 24,788,764.00 | 20.9x | -4355x | 1.2x |
| Thu, 17 Aug 2023 | NOK 120.2b | NOK 86.4b | -NOK 232,216,828.00 | 20.9x | -517.5x | 1.4x |
| Sat, 15 Jul 2023 | NOK 119.7b | NOK 83.8b | -NOK 364,693,192.00 | 20.9x | -328.1x | 1.4x |
| Mon, 12 Jun 2023 | NOK 121.2b | NOK 84.7b | -NOK 383,641,447.00 | 23.4x | -316x | 1.4x |
| Wed, 10 May 2023 | NOK 110.0b | NOK 83.3b | NOK 57.9m | 22.2x | 1900x | 1.3x |
| Fri, 07 Apr 2023 | NOK 115.8b | NOK 80.9b | -NOK 383,792,384.00 | 24.3x | -301.8x | 1.4x |
| Sun, 05 Mar 2023 | NOK 118.4b | NOK 80.8b | -NOK 384,125,518.00 | 26.2x | -308.2x | 1.5x |
| Tue, 31 Jan 2023 | NOK 114.5b | NOK 111.9b | NOK 324.8m | 25.2x | 352.5x | 1x |
| Thu, 29 Dec 2022 | NOK 113.0b | NOK 111.8b | NOK 325.8m | 25.5x | 346.8x | 1x |
| Sat, 26 Nov 2022 | NOK 119.0b | NOK 111.7b | NOK 451.5m | 24.3x | 263.6x | 1.1x |
| Mon, 24 Oct 2022 | NOK 107.8b | NOK 110.2b | NOK 219.7m | 23.6x | 490.6x | 1x |
| Wed, 21 Sep 2022 | NOK 104.2b | NOK 107.5b | NOK 114.4m | 22.5x | 910.4x | 1x |
| Fri, 19 Aug 2022 | NOK 118.0b | NOK 106.0b | NOK 155.0m | 24.3x | 761.4x | 1.1x |
| Sun, 17 Jul 2022 | NOK 113.3b | NOK 106.1b | NOK 282.8m | 25.8x | 400.6x | 1.1x |
| Tue, 14 Jun 2022 | NOK 113.6b | NOK 103.8b | NOK 630.6m | 26.8x | 180.2x | 1.1x |
Price to Earnings Ratio
180.2x
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 84.9x which is lower than its 3-year average PE of 408x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 31% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.3% 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 | 1.09% | |
| Tech | 3.02% | |
| Semiconductors | 8.18% | |
| Software | 2.69% | |
| IT | 1.42% | |
| Electronic Equipment and Components | 1.33% | |
| Communications | -1.43% | |
| Tech Hardware | -6.20% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (27.6%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 81% over the next 5 years.
- This is better than its past earnings decline of 51% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NOD Nordic Semiconductor | NOK 135.00 | 7.9% +NOK 1.9b | -5.6% | PS4.3x | |
| NORBT Norbit | NOK 200.00 | 4.9% +NOK 600.0m | 199.4% | PE42.2x | |
| SMCRT SmartCraft | NOK 26.00 | 13.0% +NOK 498.1m | -6.5% | PE44.9x | |
| PLT poLight | NOK 4.53 | 31.9% +NOK 430.7m | 53.8% | PS71.8x | |
| ATEA Atea | NOK 149.20 | 2.5% +NOK 401.0m | -0.1% | PE22.3x |