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Norwegian (OSEAX) Tech Sector Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies30
  • 7D-0.09%
  • 3M14.1%
  • 1Y39.5%
  • YTD15.3%

Over the last 7 days, the Tech industry has risen 1.7%, driven by gains from Atea of 8.9%. This means that the industry has gained 45% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026NOK 139.9bNOK 79.3bNOK 2.9b24.6x48.7x1.8x
Mon, 30 Mar 2026NOK 118.6bNOK 77.3bNOK 2.5b24.6x47.1x1.5x
Wed, 25 Feb 2026NOK 123.7bNOK 77.4bNOK 2.6b25.9x47.5x1.6x
Fri, 23 Jan 2026NOK 124.3bNOK 75.7bNOK 1.9b40.4x66.7x1.6x
Sun, 21 Dec 2025NOK 119.2bNOK 76.1bNOK 1.9b39.5x63.7x1.6x
Tue, 18 Nov 2025NOK 112.2bNOK 75.6bNOK 1.8b32.8x61.5x1.5x
Thu, 16 Oct 2025NOK 115.1bNOK 74.5bNOK 1.8b33.1x65.4x1.5x
Sat, 13 Sep 2025NOK 115.6bNOK 74.3bNOK 1.7b36.1x67.6x1.6x
Mon, 11 Aug 2025NOK 110.9bNOK 74.1bNOK 1.1b35.7x97x1.5x
Wed, 09 Jul 2025NOK 124.9bNOK 80.0bNOK 1.4b39.6x88.2x1.6x
Fri, 06 Jun 2025NOK 119.5bNOK 79.8bNOK 1.4b38x84.9x1.5x
Sun, 04 May 2025NOK 106.1bNOK 79.5bNOK 1.3b35.2x80.4x1.3x
Tue, 01 Apr 2025NOK 100.8bNOK 77.7bNOK 1.0b31.3x96.1x1.3x
Thu, 27 Feb 2025NOK 105.7bNOK 78.2bNOK 943.3m29.2x112x1.4x
Sat, 25 Jan 2025NOK 101.4bNOK 76.7bNOK 806.0m35.4x125.8x1.3x
Mon, 23 Dec 2024NOK 95.8bNOK 76.8bNOK 794.8m32.6x120.6x1.2x
Wed, 20 Nov 2024NOK 92.3bNOK 76.5bNOK 820.7m33.2x112.5x1.2x
Fri, 18 Oct 2024NOK 100.9bNOK 77.6bNOK 592.5m27.6x170.3x1.3x
Sun, 15 Sep 2024NOK 111.3bNOK 81.0bNOK 705.7m34.7x157.8x1.4x
Tue, 13 Aug 2024NOK 110.2bNOK 80.4bNOK 820.3m26x134.3x1.4x
Thu, 11 Jul 2024NOK 118.3bNOK 83.1bNOK 1.6b20.5x75.2x1.4x
Sat, 08 Jun 2024NOK 111.8bNOK 83.1bNOK 1.6b20.9x71.1x1.3x
Mon, 06 May 2024NOK 105.1bNOK 82.4bNOK 1.3b23.4x82.3x1.3x
Wed, 03 Apr 2024NOK 94.3bNOK 84.4bNOK 1.6b22.2x59.2x1.1x
Fri, 01 Mar 2024NOK 93.7bNOK 84.8bNOK 1.6b20.7x59.4x1.1x
Sun, 28 Jan 2024NOK 106.9bNOK 85.9bNOK 943.7m18.9x113.3x1.2x
Tue, 26 Dec 2023NOK 105.2bNOK 85.7bNOK 938.2m17.2x112.1x1.2x
Thu, 23 Nov 2023NOK 96.7bNOK 86.3bNOK 1.1b16.3x91.9x1.1x
Sat, 21 Oct 2023NOK 99.2bNOK 86.7b-NOK 263,531,989.0019.8x-376.6x1.1x
Mon, 18 Sep 2023NOK 110.6bNOK 87.6b-NOK 25,050,270.0021x-4415.2x1.3x
Wed, 16 Aug 2023NOK 119.9bNOK 85.8b-NOK 294,794,472.0024.6x-406.8x1.4x
Fri, 14 Jul 2023NOK 119.0bNOK 83.2b-NOK 460,024,037.0020.8x-258.6x1.4x
Sun, 11 Jun 2023NOK 121.2bNOK 84.7b-NOK 383,641,447.0023.4x-316x1.4x
Tue, 09 May 2023NOK 110.8bNOK 83.2bNOK 48.5m22.1x2283x1.3x
Price to Earnings Ratio

2283x


Total Market Cap: NOK 110.8bTotal Earnings: NOK 48.5mTotal Revenue: NOK 83.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Tech Sector Price to Earnings3Y Average 304.4x202420252026
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 50.4x which is lower than its 3-year average PE of 301x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 287% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

NO Market1.12%
Tech-0.093%
Communications6.98%
IT6.75%
Software1.70%
Semiconductors0.36%
Tech Hardware-1.90%
Electronic Equipment and Components-5.84%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 396x.
    • Analysts are expecting annual earnings growth of 27.6% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 6.3% 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
ATEA AteaNOK 156.209.5%
+NOK 1.5b		6.4%PE15.7x
SMOP Smartoptics GroupNOK 52.406.7%
+NOK 323.6m		184.0%PE118.2x
APR AppearNOK 79.208.8%
+NOK 259.8m		n/aPE24x
HDLY HuddlyNOK 32.0028.0%
+NOK 220.9m		123.8%PS4.8x
PEXIP Pexip HoldingNOK 67.902.6%
+NOK 177.4m		66.4%PE34.1x

Latest News

KIT
NOK 100.40
Kitron
7D
-7.3%
1Y
95.9%

Investors Shouldn't Be Too Comfortable With Kitron's (OB:KIT) Earnings

May 02
Investors Shouldn't Be Too Comfortable With Kitron's (OB:KIT) Earnings
APR
NOK 79.20
Appear
7D
8.8%
1Y
n/a
NOD
NOK 189.00
Nordic Semiconductor
7D
0.4%
1Y
68.8%
ATEA
NOK 156.20
Atea
7D
9.5%
1Y
6.4%
SMOP
NOK 52.40
Smartoptics Group
7D
6.7%
1Y
184.0%
IDEX
NOK 7.90
IDEX Biometrics
7D
-31.3%
1Y
119.4%
NORBT
NOK 227.60
Norbit
7D
-4.2%
1Y
54.0%
PEXIP
NOK 67.90
Pexip Holding
7D
2.6%
1Y
66.4%
XPLRA
NOK 52.70
Xplora Technologies
7D
-7.5%
1Y
81.7%

XPLRA: Updated Margins And Offering Activity Will Support Balanced Return Potential

Analysts now cite updated assumptions for Xplora Technologies on revenue growth, profit margins, and future P/E as reasons for increasing their price target from NOK 55.50 to NOK 64.00. What's in the News Xplora Technologies AS completed a Follow-on Equity Offering of NOK 149,999,980, issuing 2,884,615 common shares at NOK 52 per share under Regulation S with a subsequent direct listing feature (Key Developments).
LINK
NOK 24.74
LINK Mobility Group Holding
7D
1.7%
1Y
-2.2%

LINK: Strong Cash Generation And Accretive M&A Will Drive Future Upside

Analysts have kept their NOK 30.25 price target for LINK Mobility Group Holding unchanged, citing only very small refinements to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions. What's in the News LINK Mobility Group Holding ASA is actively looking for M&A opportunities, with accretive deals highlighted as the first priority for capital allocation (Key Developments).
LOKO
NOK 0.74
Lokotech Group
7D
-4.2%
1Y
-18.1%
HDLY
NOK 32.00
Huddly
7D
28.0%
1Y
123.8%
GENO
NOK 30.67
General Oceans
7D
-1.1%
1Y
n/a
NAPA
NOK 33.10
Napatech
7D
1.2%
1Y
72.0%
PLT
NOK 5.91
poLight
7D
-1.3%
1Y
42.4%
OTEC
NOK 18.72
Otello
7D
-1.6%
1Y
89.9%