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Norwegian (OSEAX) IT Industry Analysis

UpdatedJun 07, 2025
DataAggregated Company Financials
Companies6
  • 7D1.7%
  • 3M10.0%
  • 1Y-1.7%
  • YTD4.8%

In the last week, the IT industry is up 1.7%, with Atea up 2.5%. During this same period, the Arribatec Group underperformed, falling 9.8%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Jun 2025NOK 26.7bNOK 42.5bNOK 1.2b22.3x22.8x0.6x
Mon, 05 May 2025NOK 26.8bNOK 42.3bNOK 1.1b21.2x23.3x0.6x
Wed, 02 Apr 2025NOK 24.2bNOK 41.4bNOK 1.2b20x20.5x0.6x
Fri, 28 Feb 2025NOK 24.3bNOK 41.4bNOK 1.2b19.3x19.9x0.6x
Sun, 26 Jan 2025NOK 25.3bNOK 40.2bNOK 1.2b20.9x21.9x0.6x
Tue, 24 Dec 2024NOK 24.9bNOK 40.2bNOK 1.2b20.1x21.6x0.6x
Thu, 21 Nov 2024NOK 23.8bNOK 40.2bNOK 1.2b19.3x20.6x0.6x
Sat, 19 Oct 2024NOK 24.6bNOK 39.9bNOK 1.1b20x21.7x0.6x
Mon, 16 Sep 2024NOK 29.9bNOK 43.4bNOK 1.2b21.1x24.3x0.7x
Wed, 14 Aug 2024NOK 28.9bNOK 43.3bNOK 1.2b32.8x23.8x0.7x
Fri, 12 Jul 2024NOK 29.1bNOK 43.8bNOK 1.3b28.1x23x0.7x
Sun, 09 Jun 2024NOK 28.8bNOK 43.8bNOK 1.3b27.3x22.8x0.7x
Tue, 07 May 2024NOK 27.4bNOK 43.6bNOK 1.3b24.5x21.4x0.6x
Thu, 04 Apr 2024NOK 26.2bNOK 44.7bNOK 1.3b24.1x20.5x0.6x
Sat, 02 Mar 2024NOK 26.1bNOK 44.7bNOK 1.3b24.5x20.4x0.6x
Mon, 29 Jan 2024NOK 28.2bNOK 44.8bNOK 1.3b18.6x21x0.6x
Wed, 27 Dec 2023NOK 26.1bNOK 44.8bNOK 1.3b16.4x19.4x0.6x
Fri, 24 Nov 2023NOK 25.5bNOK 44.8bNOK 1.3b16x19x0.6x
Sun, 22 Oct 2023NOK 24.8bNOK 44.6bNOK 1.4b16.3x18.3x0.6x
Tue, 19 Sep 2023NOK 26.9bNOK 44.9bNOK 1.4b17.6x19.7x0.6x
Thu, 17 Aug 2023NOK 28.1bNOK 44.5bNOK 1.3b19.4x20.9x0.6x
Sat, 15 Jul 2023NOK 29.5bNOK 43.2bNOK 1.4b19.4x21.5x0.7x
Mon, 12 Jun 2023NOK 30.9bNOK 43.2bNOK 1.4b21.7x22.5x0.7x
Wed, 10 May 2023NOK 29.2bNOK 42.7bNOK 1.3b20.9x22.3x0.7x
Fri, 07 Apr 2023NOK 27.1bNOK 40.9bNOK 1.3b21.5x21.4x0.7x
Sun, 05 Mar 2023NOK 25.6bNOK 40.8bNOK 1.3b17.6x20.4x0.6x
Tue, 31 Jan 2023NOK 24.2bNOK 51.7bNOK 1.2b19.6x19.7x0.5x
Thu, 29 Dec 2022NOK 24.5bNOK 51.7bNOK 1.2b20x19.9x0.5x
Sat, 26 Nov 2022NOK 24.9bNOK 51.7bNOK 1.2b18.6x20.3x0.5x
Mon, 24 Oct 2022NOK 22.9bNOK 51.4bNOK 1.2b18.6x19.2x0.4x
Wed, 21 Sep 2022NOK 22.6bNOK 49.8bNOK 1.2b20x19.1x0.5x
Fri, 19 Aug 2022NOK 25.0bNOK 49.6bNOK 1.2b21.7x21.2x0.5x
Sun, 17 Jul 2022NOK 23.7bNOK 49.5bNOK 1.2b21.6x20.1x0.5x
Tue, 14 Jun 2022NOK 22.6bNOK 48.6bNOK 1.1b20.4x20.6x0.5x
Price to Earnings Ratio

20.6x


Total Market Cap: NOK 22.6bTotal Earnings: NOK 1.1bTotal Revenue: NOK 48.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 2.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.4% 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 industry?

NO Market1.63%
Tech3.14%
IT1.71%
IT Consulting1.71%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 21.0x.
    • Analysts are expecting annual earnings growth of 18.2%, which is lower than the prior year's growth of 22.3% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 21.0x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting 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
ATEA AteaNOK 149.202.5%
+NOK 401.0m		-0.1%PE22.3x
CYVIZ CyvizNOK 32.5012.1%
+NOK 45.5m		-5.0%PE42.9x
ITERA IteraNOK 10.002.2%
+NOK 18.0m		-16.7%PE23x
BOUV BouvetNOK 77.200.1%
+NOK 10.3m		22.2%PE19.9x
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Latest News

ARR

NOK 0.51

Arribatec Group

7D

-9.8%

1Y

-87.5%

ATEA

NOK 149.20

Atea

7D

2.5%

1Y

-0.1%

Atea's (OB:ATEA) Dividend Will Be NOK3.50

May 29
Atea's (OB:ATEA) Dividend Will Be NOK3.50

BOUV

NOK 77.20

Bouvet

7D

0.1%

1Y

22.2%

Analysts Have Made A Financial Statement On Bouvet ASA's (OB:BOUV) First-Quarter Report

May 24
Analysts Have Made A Financial Statement On Bouvet ASA's (OB:BOUV) First-Quarter Report

ITERA

NOK 10.00

Itera

7D

2.2%

1Y

-16.7%

Here's Why It's Unlikely That Itera ASA's (OB:ITERA) CEO Will See A Pay Rise This Year

May 21
Here's Why It's Unlikely That Itera ASA's (OB:ITERA) CEO Will See A Pay Rise This Year

CYVIZ

NOK 32.50

Cyviz

7D

12.1%

1Y

-5.0%