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Norwegian (OSEAX) IT Industry Analysis

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies6
  • 7D1.2%
  • 3M-2.6%
  • 1Y1.1%
  • YTD1.6%

Over the last 7 days, the IT industry has risen 2.0%, driven by gains from Atea of 2.7%. 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, 23 Aug 2025NOK 25.9bNOK 43.2bNOK 1.2b20x22x0.6x
Mon, 21 Jul 2025NOK 25.9bNOK 43.2bNOK 1.2b20.6x21.8x0.6x
Wed, 18 Jun 2025NOK 26.7bNOK 42.5bNOK 1.2b22.4x22.9x0.6x
Fri, 16 May 2025NOK 27.1bNOK 42.3bNOK 1.1b21.5x23.6x0.6x
Sun, 13 Apr 2025NOK 24.0bNOK 41.4bNOK 1.2b20.2x20.4x0.6x
Tue, 11 Mar 2025NOK 24.2bNOK 41.4bNOK 1.2b19.3x20.5x0.6x
Thu, 06 Feb 2025NOK 26.3bNOK 40.2bNOK 1.2b21.8x22.8x0.7x
Sat, 04 Jan 2025NOK 25.4bNOK 40.2bNOK 1.2b20.6x22x0.6x
Mon, 02 Dec 2024NOK 24.3bNOK 40.2bNOK 1.2b19.6x21.1x0.6x
Wed, 30 Oct 2024NOK 25.2bNOK 40.1bNOK 1.1b20.2x22x0.6x
Fri, 27 Sep 2024NOK 29.9bNOK 43.4bNOK 1.2b21.1x24.3x0.7x
Sun, 25 Aug 2024NOK 28.8bNOK 43.3bNOK 1.2b32.4x23.9x0.7x
Tue, 23 Jul 2024NOK 28.1bNOK 43.3bNOK 1.2b28.2x23.2x0.7x
Thu, 20 Jun 2024NOK 29.6bNOK 43.8bNOK 1.3b27.7x23.4x0.7x
Sat, 18 May 2024NOK 28.2bNOK 43.7bNOK 1.3b26.5x22.2x0.6x
Mon, 15 Apr 2024NOK 26.8bNOK 44.7bNOK 1.3b24.2x21x0.6x
Wed, 13 Mar 2024NOK 26.0bNOK 44.7bNOK 1.3b24.3x20.4x0.6x
Fri, 09 Feb 2024NOK 26.4bNOK 44.4bNOK 1.3b18x20.4x0.6x
Sun, 07 Jan 2024NOK 26.2bNOK 44.8bNOK 1.3b16.8x19.5x0.6x
Tue, 05 Dec 2023NOK 25.0bNOK 44.8bNOK 1.3b15.9x18.6x0.6x
Thu, 02 Nov 2023NOK 24.4bNOK 44.6bNOK 1.3b16.2x18.1x0.5x
Sat, 30 Sep 2023NOK 26.9bNOK 44.9bNOK 1.4b17.6x19.7x0.6x
Mon, 28 Aug 2023NOK 26.6bNOK 44.7bNOK 1.4b17.9x19.5x0.6x
Wed, 26 Jul 2023NOK 28.1bNOK 44.5bNOK 1.3b19.2x20.9x0.6x
Fri, 23 Jun 2023NOK 30.8bNOK 43.2bNOK 1.4b21.2x22.4x0.7x
Sun, 21 May 2023NOK 30.5bNOK 43.1bNOK 1.4b22x22.4x0.7x
Tue, 18 Apr 2023NOK 27.5bNOK 40.9bNOK 1.3b21x21.7x0.7x
Thu, 16 Mar 2023NOK 24.6bNOK 40.9bNOK 1.3b19.4x19.4x0.6x
Sat, 11 Feb 2023NOK 25.3bNOK 40.6bNOK 1.2b20.4x20.6x0.6x
Mon, 09 Jan 2023NOK 24.8bNOK 51.7bNOK 1.2b19.9x20.1x0.5x
Wed, 07 Dec 2022NOK 24.7bNOK 51.7bNOK 1.2b19.5x20.1x0.5x
Fri, 04 Nov 2022NOK 24.0bNOK 51.4bNOK 1.2b18.7x20.1x0.5x
Sun, 02 Oct 2022NOK 21.7bNOK 49.8bNOK 1.2b18.9x18.3x0.4x
Tue, 30 Aug 2022NOK 23.8bNOK 49.8bNOK 1.2b19.9x20.1x0.5x
Price to Earnings Ratio

20.1x


Total Market Cap: NOK 23.8bTotal Earnings: NOK 1.2bTotal Revenue: NOK 49.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.2x202320242025
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 21.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.60x.
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 declined 4.6% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

NO Market1.62%
Tech-2.05%
IT1.25%
IT Consulting1.25%
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 21.2x.
    • Analysts are expecting annual earnings growth of 18.0%, 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 21.2x.
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 146.202.7%
+NOK 442.8m		4.6%PE21.4x
ARR Arribatec GroupNOK 0.673.1%
+NOK 9.6m		-77.6%PS0.5x

Latest News

ATEA
NOK 146.20
Atea
7D
2.7%
1Y
4.6%

Frame Agreements In Denmark And Finland Will Drive AI Investment

Atea’s consensus price target has increased to NOK170.00, primarily reflecting a higher expected future P/E, while profit margins remain stable. What's in the News Atea ASA commenced a share repurchase program authorized by shareholders, allowing buybacks of up to NOK 10 million nominal value until the next AGM or June 30, 2026, with a price range of NOK 1–250 per share.
CYVIZ
NOK 36.10
Cyviz
7D
-5.0%
1Y
15.0%
ITERA
NOK 8.42
Itera
7D
-3.9%
1Y
-26.8%
WSTEP
NOK 23.00
Webstep
7D
-3.4%
1Y
0.4%
ARR
NOK 0.67
Arribatec Group
7D
3.1%
1Y
-77.6%
BOUV
NOK 72.90
Bouvet
7D
-0.5%
1Y
13.6%

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