Norwegian (OSEAX) IT Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 26 Mar 2023	kr24.9b	kr40.9b	kr1.3b	19.1x	19.6x	0.6x
Tue, 21 Feb 2023	kr25.8b	kr40.8b	kr1.3b	17.9x	20.5x	0.6x
Thu, 19 Jan 2023	kr24.7b	kr51.7b	kr1.2b	19.8x	20.1x	0.5x
Sat, 17 Dec 2022	kr24.2b	kr51.7b	kr1.2b	19.9x	19.6x	0.5x
Mon, 14 Nov 2022	kr25.1b	kr51.6b	kr1.2b	19.1x	20.7x	0.5x
Wed, 12 Oct 2022	kr22.0b	kr49.8b	kr1.2b	18.7x	18.6x	0.4x
Fri, 09 Sep 2022	kr22.8b	kr49.8b	kr1.2b	19.6x	19.2x	0.5x
Sun, 07 Aug 2022	kr25.2b	kr49.5b	kr1.2b	21.6x	21.4x	0.5x
Tue, 05 Jul 2022	kr22.9b	kr48.6b	kr1.1b	20.9x	20.8x	0.5x
Thu, 02 Jun 2022	kr24.2b	kr48.6b	kr1.1b	22x	22x	0.5x
Sat, 30 Apr 2022	kr25.5b	kr48.2b	kr1.1b	21.6x	23.4x	0.5x
Mon, 28 Mar 2022	kr28.2b	kr48.5b	kr1.1b	22.1x	25.9x	0.6x
Wed, 23 Feb 2022	kr27.7b	kr48.3b	kr1.1b	23.2x	25.4x	0.6x
Fri, 21 Jan 2022	kr32.4b	kr48.0b	kr1.0b	26.1x	31x	0.7x
Sun, 19 Dec 2021	kr31.5b	kr47.4b	kr1.2b	26.5x	27x	0.7x
Tue, 16 Nov 2021	kr33.7b	kr47.2b	kr1.2b	28.4x	28x	0.7x
Thu, 14 Oct 2021	kr31.5b	kr46.8b	kr1.2b	26x	27.1x	0.7x
Sat, 11 Sep 2021	kr31.9b	kr46.8b	kr1.2b	25.5x	27.4x	0.7x
Mon, 09 Aug 2021	kr32.3b	kr46.8b	kr1.2b	25.4x	27.8x	0.7x
Sun, 02 May 2021	kr28.4b	kr44.2b	kr1.0b	24.2x	27.2x	0.6x
Wed, 03 Feb 2021	kr24.2b	kr43.2b	kr916.5m	23.6x	26.4x	0.6x
Sat, 07 Nov 2020	kr20.4b	kr41.6b	kr832.4m	22x	24.5x	0.5x
Fri, 31 Jul 2020	kr18.3b	kr41.2b	kr798.2m	20.8x	23x	0.4x
Mon, 04 May 2020	kr15.5b	kr40.0b	kr727.1m	18.7x	21.4x	0.4x

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.

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%
IT	0.79%
IT Consulting	0.79%
Internet Services and Infrastructure	0%
Data Processing Services	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 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.

Company	Last Price	7D	1Y	Valuation
BOUV Bouvet	kr60.90	2.2% +kr131.1m	-12.9%	PE20x
ATEA Atea	kr117.40	0.5% +kr66.6m	-13.2%	PE15.3x
ITERA Itera	kr12.40	2.9% +kr28.2m	2.5%	PE16.3x
ECIT ECIT	kr7.10	0.6% +kr17.2m	4.4%	PE30.6x

Company

Last Price

Valuation

BOUV Bouvet

kr60.90

2.2%
+kr131.1m

-12.9%

PE20x

ATEA Atea

kr117.40

0.5%
+kr66.6m

-13.2%