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Norwegian (OSEAX) Tech Sector Analysis

UpdatedDec 02, 2023
DataAggregated Company Financials
Companies45
  • 7D0.4%
  • 3M-5.6%
  • 1Y-16.2%
  • YTD-11.6%

The Tech is pretty flat in the last 7 days, but Crayon Group Holding has stood out, gaining 5.3%. Unfortunately though, the industry is down 16% over the past 12 months. Earnings are forecast to grow by 39% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Dec 2023kr98.0bkr86.3bkr946.1m16.7x103.5x1.1x
Mon, 30 Oct 2023kr95.9bkr87.4b-kr260,730,945.0018.4x-367.7x1.1x
Wed, 27 Sep 2023kr104.6bkr87.6b-kr33,564,108.0018.2x-3115.9x1.2x
Fri, 25 Aug 2023kr112.1bkr86.7b-kr95,964,279.0021.8x-1167.7x1.3x
Sun, 23 Jul 2023kr119.1bkr85.1b-kr377,423,589.0020.8x-315.6x1.4x
Tue, 20 Jun 2023kr122.6bkr84.7b-kr379,513,903.0024.3x-323x1.4x
Thu, 18 May 2023kr112.9bkr84.3b-kr171,771,329.0024.9x-657.4x1.3x
Sat, 15 Apr 2023kr115.9bkr80.8b-kr397,033,946.0024.1x-291.8x1.4x
Mon, 13 Mar 2023kr115.9bkr81.0b-kr368,419,958.0023.6x-314.6x1.4x
Wed, 08 Feb 2023kr111.1bkr112.5bkr352.4m24x315.4x1x
Fri, 06 Jan 2023kr115.8bkr112.2bkr306.7m25.4x377.7x1x
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
Price to Earnings Ratio

514.5x


Total Market Cap: kr108.3bTotal Earnings: kr210.4mTotal Revenue: kr77.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 533x202120222023
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 533x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 66% per year over the last three years.
  • Revenues for these companies have grown 3.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

NO Market-0.88%
Tech0.36%
Tech Hardware3.22%
Software1.94%
Semiconductors0.23%
IT-0.33%
Electronic Equipment and Components-1.60%
Communications-1.78%
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 23.1%, which is lower than the prior year's growth of 103.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 68% over the next 5 years.
  • This is better than its past earnings growth rate of 24% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 13% 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
RECSI REC Siliconkr14.005.1%
+kr286.0m
-13.8%PS4.2x
VOLUE Voluekr19.049.9%
+kr247.5m
-42.1%PE52.6x
PEXIP Pexip Holdingkr25.988.4%
+kr204.8m
94.5%PS2.7x
CRAYN Crayon Group Holdingkr83.702.7%
+kr173.4m
-22.5%PS1.2x
ATEA Ateakr123.001.2%
+kr155.5m
3.9%PE16.1x
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Latest News

ATEA

kr123.00

Atea

7D

1.2%

1Y

3.9%

KIT

kr32.15

Kitron

7D

-3.5%

1Y

35.7%

VOLUE

kr19.04

Volue

7D

9.9%

1Y

-42.1%

SMCRT

kr21.40

SmartCraft

7D

3.4%

1Y

45.6%

ELABS

kr16.14

Elliptic Laboratories

7D

-4.6%

1Y

3.7%

CRAYN

kr83.70

Crayon Group Holding

7D

2.7%

1Y

-22.5%

RECSI

kr14.00

REC Silicon

7D

5.1%

1Y

-13.8%

NORBT

kr52.40

Norbit

7D

-3.7%

1Y

77.0%

IDEX

kr0.52

IDEX Biometrics

7D

15.0%

1Y

-57.9%

BOUV

kr58.00

Bouvet

7D

-3.2%

1Y

2.7%

NAPA

kr13.15

Napatech

7D

-3.7%

1Y

-12.6%

PEXIP

kr25.98

Pexip Holding

7D

8.4%

1Y

94.5%

ITERA

kr11.15

Itera

7D

-4.7%

1Y

-17.7%

CNANO

kr10.30

CrayoNano

7D

-14.2%

1Y

-44.3%

SIKRI

kr5.80

Sikri Group

7D

-4.9%

1Y

-34.1%