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Norwegian (OSEAX) Tech Sector Analysis

UpdatedDec 30, 2024
DataAggregated Company Financials
Companies34
  • 7D1.6%
  • 3M2.4%
  • 1Y5.4%
  • YTD8.0%

The Tech industry is up 1.5% in the last week, with Nordic Semiconductor up 4.4%. This means that the industry has gained 5.4% over the past year. Earnings are forecast to grow by 42% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Dec 2024NOK 97.3bNOK 76.9bNOK 793.0m33.9x122.7x1.3x
Thu, 28 Nov 2024NOK 93.6bNOK 76.6bNOK 818.8m33.7x114.4x1.2x
Sat, 26 Oct 2024NOK 102.1bNOK 77.7bNOK 604.6m28.7x168.9x1.3x
Mon, 23 Sep 2024NOK 114.3bNOK 80.8bNOK 730.9m32.7x156.4x1.4x
Wed, 21 Aug 2024NOK 112.4bNOK 80.4bNOK 937.8m27.5x119.9x1.4x
Fri, 19 Jul 2024NOK 117.6bNOK 82.3bNOK 1.4b20.3x83x1.4x
Sun, 16 Jun 2024NOK 113.3bNOK 83.0bNOK 1.6b20.9x72.3x1.4x
Tue, 14 May 2024NOK 107.7bNOK 83.2bNOK 1.6b20.5x67.9x1.3x
Thu, 11 Apr 2024NOK 95.0bNOK 84.4bNOK 1.6b22.6x60.1x1.1x
Sat, 09 Mar 2024NOK 92.6bNOK 84.5bNOK 1.6b20.8x56.5x1.1x
Mon, 05 Feb 2024NOK 104.8bNOK 86.2bNOK 956.6m18.8x109.5x1.2x
Wed, 03 Jan 2024NOK 105.0bNOK 85.8bNOK 942.3m17.8x111.4x1.2x
Fri, 01 Dec 2023NOK 97.7bNOK 86.5bNOK 954.1m16.5x102.4x1.1x
Sun, 29 Oct 2023NOK 95.9bNOK 87.4b-NOK 260,730,945.0018.4x-367.7x1.1x
Tue, 26 Sep 2023NOK 105.7bNOK 87.6b-NOK 31,979,703.0019.2x-3304.1x1.2x
Thu, 24 Aug 2023NOK 114.6bNOK 86.6b-NOK 92,781,471.0022.3x-1235.4x1.3x
Sat, 22 Jul 2023NOK 119.1bNOK 85.1b-NOK 378,446,657.0020.8x-314.8x1.4x
Mon, 19 Jun 2023NOK 123.0bNOK 84.5b-NOK 374,445,005.0024.3x-328.6x1.5x
Wed, 17 May 2023NOK 112.9bNOK 84.1b-NOK 151,800,513.0025x-743.9x1.3x
Fri, 14 Apr 2023NOK 115.7bNOK 80.7b-NOK 383,191,085.0024.2x-302x1.4x
Sun, 12 Mar 2023NOK 115.9bNOK 81.0b-NOK 368,419,958.0023.6x-314.6x1.4x
Tue, 07 Feb 2023NOK 117.8bNOK 112.3bNOK 303.1m26.6x388.6x1x
Thu, 05 Jan 2023NOK 116.2bNOK 112.0bNOK 317.2m25.2x366.5x1x
Sat, 03 Dec 2022NOK 119.0bNOK 111.6bNOK 420.5m25.2x283x1.1x
Mon, 31 Oct 2022NOK 108.7bNOK 111.4bNOK 357.0m24.7x304.5x1x
Wed, 28 Sep 2022NOK 104.4bNOK 108.0bNOK 99.9m23.5x1045.3x1x
Fri, 26 Aug 2022NOK 116.2bNOK 106.7bNOK 152.8m28.6x760.7x1.1x
Sun, 24 Jul 2022NOK 121.3bNOK 105.9bNOK 267.3m27.3x453.7x1.1x
Tue, 21 Jun 2022NOK 110.5bNOK 103.8bNOK 570.5m26.7x193.6x1.1x
Thu, 19 May 2022NOK 115.3bNOK 103.0bNOK 481.0m27x239.6x1.1x
Sat, 16 Apr 2022NOK 124.2bNOK 100.8bNOK 312.6m36x397.2x1.2x
Mon, 14 Mar 2022NOK 138.6bNOK 101.0bNOK 350.7m31.2x395.2x1.4x
Wed, 09 Feb 2022NOK 147.3bNOK 98.0bNOK 32.0m29.1x4605x1.5x
Fri, 07 Jan 2022NOK 172.1bNOK 97.5b-NOK 51,115,225.000.1x-3367.3x1.8x
Price to Earnings Ratio

-3367.3x


Total Market Cap: NOK 172.1bTotal Earnings: -NOK 51,115,225.00Total Revenue: NOK 97.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 401x20232024
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 123x which is lower than its 3-year average PE of 406x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 187% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.5% 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 Market1.37%
Tech1.64%
Semiconductors4.31%
Electronic Equipment and Components2.47%
IT1.05%
Software0.34%
Communications-0.21%
Tech Hardware-1.45%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 83.9x.
    • Analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings decline of 13.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 86% over the next 5 years.
  • This is better than its past earnings decline of 55% 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?

CompanyLast Price7D1YValuation
BOUV BouvetNOK 76.504.1%
+NOK 308.4m		25.6%PE20.9x
ATEA AteaNOK 141.401.9%
+NOK 290.9m		9.4%PE20.5x
NOD Nordic SemiconductorNOK 100.451.2%
+NOK 236.1m		-20.3%PS3.6x
NORBT NorbitNOK 96.602.8%
+NOK 165.4m		69.5%PE34.1x
NAPA NapatechNOK 25.502.8%
+NOK 69.8m		94.7%PS11.8x
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NOK 3.59

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NOK 29.60

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NOK 141.40

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