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Norwegian (OSEAX) IT Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies6
  • 7D1.5%
  • 3M-12.6%
  • 1Y-4.6%
  • YTD-10.5%

In the last week, the IT industry is up 1.5%, with Atea up 1.3%. However, the industry is down 4.6% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Norwegian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026NOK 22.9bNOK 44.1bNOK 1.3b17.9x17.2x0.5x
Tue, 10 Mar 2026NOK 23.2bNOK 44.1bNOK 1.3b18x17.4x0.5x
Thu, 05 Feb 2026NOK 24.3bNOK 43.6bNOK 1.2b20.3x19.8x0.6x
Sat, 03 Jan 2026NOK 25.7bNOK 43.6bNOK 1.2b21.6x20.9x0.6x
Mon, 01 Dec 2025NOK 24.9bNOK 43.6bNOK 1.2b20.8x20.3x0.6x
Wed, 29 Oct 2025NOK 26.1bNOK 43.6bNOK 1.2b19.5x21.6x0.6x
Fri, 26 Sep 2025NOK 24.7bNOK 43.2bNOK 1.2b18.9x21.1x0.6x
Sun, 24 Aug 2025NOK 25.9bNOK 43.2bNOK 1.2b20x22x0.6x
Tue, 22 Jul 2025NOK 25.9bNOK 43.2bNOK 1.2b20.7x21.8x0.6x
Thu, 19 Jun 2025NOK 27.0bNOK 42.5bNOK 1.2b22.6x23.1x0.6x
Sat, 17 May 2025NOK 27.3bNOK 42.4bNOK 1.1b22.6x23.9x0.6x
Mon, 14 Apr 2025NOK 24.0bNOK 41.4bNOK 1.2b20.2x20.4x0.6x
Wed, 12 Mar 2025NOK 23.9bNOK 41.4bNOK 1.2b19.1x20.3x0.6x
Fri, 07 Feb 2025NOK 25.5bNOK 40.2bNOK 1.2b21x22.1x0.6x
Sun, 05 Jan 2025NOK 25.4bNOK 40.2bNOK 1.2b20.6x22x0.6x
Tue, 03 Dec 2024NOK 24.2bNOK 40.2bNOK 1.2b19.5x21.1x0.6x
Thu, 31 Oct 2024NOK 25.2bNOK 40.1bNOK 1.1b20.3x22x0.6x
Sat, 28 Sep 2024NOK 29.2bNOK 43.4bNOK 1.2b20x23.6x0.7x
Mon, 26 Aug 2024NOK 28.8bNOK 43.3bNOK 1.2b32.4x23.9x0.7x
Wed, 24 Jul 2024NOK 28.1bNOK 43.3bNOK 1.2b28.2x23.2x0.6x
Fri, 21 Jun 2024NOK 29.7bNOK 43.8bNOK 1.3b27.9x23.5x0.7x
Sun, 19 May 2024NOK 28.2bNOK 43.7bNOK 1.3b26.5x22.2x0.6x
Tue, 16 Apr 2024NOK 26.6bNOK 44.7bNOK 1.3b24x20.8x0.6x
Thu, 14 Mar 2024NOK 26.2bNOK 44.7bNOK 1.3b23.8x20.5x0.6x
Sat, 10 Feb 2024NOK 26.4bNOK 44.4bNOK 1.3b18.1x20.4x0.6x
Mon, 08 Jan 2024NOK 26.2bNOK 44.8bNOK 1.3b16.8x19.5x0.6x
Wed, 06 Dec 2023NOK 25.0bNOK 44.8bNOK 1.3b16x18.6x0.6x
Fri, 03 Nov 2023NOK 24.8bNOK 44.6bNOK 1.4b16.5x18.2x0.6x
Sun, 01 Oct 2023NOK 26.9bNOK 44.9bNOK 1.4b17.6x19.7x0.6x
Tue, 29 Aug 2023NOK 26.9bNOK 44.8bNOK 1.4b18x19.8x0.6x
Thu, 27 Jul 2023NOK 28.0bNOK 44.5bNOK 1.3b19.1x20.8x0.6x
Sat, 24 Jun 2023NOK 30.8bNOK 43.2bNOK 1.4b20.9x22.4x0.7x
Mon, 22 May 2023NOK 30.5bNOK 43.1bNOK 1.4b22x22.4x0.7x
Wed, 19 Apr 2023NOK 27.7bNOK 40.9bNOK 1.3b21.9x21.9x0.7x
Price to Earnings Ratio

21.9x


Total Market Cap: NOK 27.7bTotal Earnings: NOK 1.3bTotal Revenue: NOK 40.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian IT 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 17.2x which is lower than its 3-year average PE of 21.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the IT industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

NO Market-0.88%
Tech4.87%
IT1.52%
IT Consulting1.52%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.2x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings decline of 6.5% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 21.2x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings decline of 6.5% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 12% 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 141.001.3%
+NOK 200.4m		10.2%PE17.9x
BOUV BouvetNOK 51.102.2%
+NOK 112.6m		-32.5%PE13.7x
ITERA IteraNOK 7.402.8%
+NOK 16.2m		-17.8%PE26.1x
ARR Arribatec GroupNOK 7.062.8%
+NOK 12.7m		95.0%PE19.1x
CYVIZ CyvizNOK 34.001.5%
+NOK 6.5m		16.4%PS0.8x

Latest News

CYVIZ
NOK 34.00
Cyviz
7D
1.5%
1Y
16.4%
ATEA
NOK 141.00
Atea
7D
1.3%
1Y
10.2%
ARR
NOK 7.06
Arribatec Group
7D
2.8%
1Y
95.0%
ITERA
NOK 7.40
Itera
7D
2.8%
1Y
-17.8%
WSTEP
NOK 17.50
Webstep
7D
-1.1%
1Y
-28.3%
BOUV
NOK 51.10
Bouvet
7D
2.2%
1Y
-32.5%