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Norwegian (OSEAX) IT Industry Analysis

UpdatedMar 25, 2023
DataAggregated Company Financials
Companies7
  • 7D0.8%
  • 3M2.1%
  • 1Y-11.8%
  • YTD0.8%

In the last week, the IT industry is flat overall, with Arribatec Solutions standing out by going down 14%. Unfortunately though, the industry is down 12% over the past 12 months. Earnings are forecast to grow by 10.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Mar 2023kr24.9bkr40.9bkr1.3b19.1x19.6x0.6x
Tue, 21 Feb 2023kr25.8bkr40.8bkr1.3b17.9x20.5x0.6x
Thu, 19 Jan 2023kr24.7bkr51.7bkr1.2b19.8x20.1x0.5x
Sat, 17 Dec 2022kr24.2bkr51.7bkr1.2b19.9x19.6x0.5x
Mon, 14 Nov 2022kr25.1bkr51.6bkr1.2b19.1x20.7x0.5x
Wed, 12 Oct 2022kr22.0bkr49.8bkr1.2b18.7x18.6x0.4x
Fri, 09 Sep 2022kr22.8bkr49.8bkr1.2b19.6x19.2x0.5x
Sun, 07 Aug 2022kr25.2bkr49.5bkr1.2b21.6x21.4x0.5x
Tue, 05 Jul 2022kr22.9bkr48.6bkr1.1b20.9x20.8x0.5x
Thu, 02 Jun 2022kr24.2bkr48.6bkr1.1b22x22x0.5x
Sat, 30 Apr 2022kr25.5bkr48.2bkr1.1b21.6x23.4x0.5x
Mon, 28 Mar 2022kr28.2bkr48.5bkr1.1b22.1x25.9x0.6x
Wed, 23 Feb 2022kr27.7bkr48.3bkr1.1b23.2x25.4x0.6x
Fri, 21 Jan 2022kr32.4bkr48.0bkr1.0b26.1x31x0.7x
Sun, 19 Dec 2021kr31.5bkr47.4bkr1.2b26.5x27x0.7x
Tue, 16 Nov 2021kr33.7bkr47.2bkr1.2b28.4x28x0.7x
Thu, 14 Oct 2021kr31.5bkr46.8bkr1.2b26x27.1x0.7x
Sat, 11 Sep 2021kr31.9bkr46.8bkr1.2b25.5x27.4x0.7x
Mon, 09 Aug 2021kr32.3bkr46.8bkr1.2b25.4x27.8x0.7x
Sun, 02 May 2021kr28.4bkr44.2bkr1.0b24.2x27.2x0.6x
Wed, 03 Feb 2021kr24.2bkr43.2bkr916.5m23.6x26.4x0.6x
Sat, 07 Nov 2020kr20.4bkr41.6bkr832.4m22x24.5x0.5x
Fri, 31 Jul 2020kr18.3bkr41.2bkr798.2m20.8x23x0.4x
Mon, 04 May 2020kr15.5bkr40.0bkr727.1m18.7x21.4x0.4x
Price to Earnings Ratio

19.4x


Total Market Cap: kr14.1bTotal Earnings: kr727.1mTotal Revenue: kr40.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 24.1x202120222023
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 19.6x which is lower than its 3-year average PE of 24.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 20% 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 industry?

NO Market-1.34%
Tech-0.79%
IT0.79%
IT Consulting0.79%
Internet Services and Infrastructure0%
Data Processing Services0%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 24.1x.
    • Analysts are expecting annual earnings growth of 10.0%, which is lower than the prior year's growth of 18.9% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 24.1x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 10.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 19% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 10.0% 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 Bouvetkr60.902.2%
+kr131.1m
-12.9%PE20x
ATEA Ateakr117.400.5%
+kr66.6m
-13.2%PE15.3x
ITERA Iterakr12.402.9%
+kr28.2m
2.5%PE16.3x
ECIT ECITkr7.100.6%
+kr17.2m
4.4%PE30.6x
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Latest News

ECIT

kr7.10

ECIT

7D

0.6%

1Y

4.4%

ITERA

kr12.40

Itera

7D

2.9%

1Y

2.5%

ATEA

kr117.40

Atea

7D

0.5%

1Y

-13.2%

ARR

kr2.82

Arribatec Solutions

7D

-14.4%

1Y

-68.3%

CYVIZ

kr35.70

Cyviz

7D

-1.9%

1Y

-6.1%

WSTEP

kr26.70

Webstep

7D

-1.5%

1Y

-16.0%