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Norwegian (OSEAX) IT Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies6
  • 7D-2.2%
  • 3M3.4%
  • 1Y2.1%
  • YTD0.9%

Over the last 7 days, the IT industry has dropped 2.2%, driven by a pullback from Atea of 2.5%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025NOK 25.8bNOK 43.6bNOK 1.2b21.7x21x0.6x
Wed, 26 Nov 2025NOK 24.8bNOK 43.6bNOK 1.2b20.6x20.2x0.6x
Fri, 24 Oct 2025NOK 25.3bNOK 43.2bNOK 1.2b19.5x21.6x0.6x
Sun, 21 Sep 2025NOK 25.1bNOK 43.2bNOK 1.2b19.3x21.5x0.6x
Tue, 19 Aug 2025NOK 25.8bNOK 43.2bNOK 1.2b21.1x21.6x0.6x
Thu, 17 Jul 2025NOK 26.4bNOK 42.5bNOK 1.2b21.1x22.6x0.6x
Sat, 14 Jun 2025NOK 26.8bNOK 42.5bNOK 1.2b22.5x22.9x0.6x
Mon, 12 May 2025NOK 26.7bNOK 42.3bNOK 1.1b21.3x23.2x0.6x
Wed, 09 Apr 2025NOK 23.8bNOK 41.4bNOK 1.2b19.7x20.2x0.6x
Fri, 07 Mar 2025NOK 24.4bNOK 41.4bNOK 1.2b19.5x20.7x0.6x
Sun, 02 Feb 2025NOK 26.2bNOK 40.2bNOK 1.2b21.5x22.8x0.7x
Tue, 31 Dec 2024NOK 25.4bNOK 40.2bNOK 1.2b20.7x22.1x0.6x
Thu, 28 Nov 2024NOK 24.2bNOK 40.2bNOK 1.2b19.5x21x0.6x
Sat, 26 Oct 2024NOK 24.6bNOK 40.1bNOK 1.1b19.8x21.5x0.6x
Mon, 23 Sep 2024NOK 30.1bNOK 43.4bNOK 1.2b21.3x24.4x0.7x
Wed, 21 Aug 2024NOK 28.9bNOK 43.3bNOK 1.2b32.7x24x0.7x
Fri, 19 Jul 2024NOK 27.7bNOK 43.3bNOK 1.2b27.1x22.9x0.6x
Sun, 16 Jun 2024NOK 29.4bNOK 43.8bNOK 1.3b27.8x23.2x0.7x
Tue, 14 May 2024NOK 27.9bNOK 43.7bNOK 1.3b26.2x22x0.6x
Thu, 11 Apr 2024NOK 26.5bNOK 44.7bNOK 1.3b24.2x20.8x0.6x
Sat, 09 Mar 2024NOK 25.9bNOK 44.7bNOK 1.3b24.4x20.3x0.6x
Mon, 05 Feb 2024NOK 27.6bNOK 44.8bNOK 1.3b18x20.6x0.6x
Wed, 03 Jan 2024NOK 26.3bNOK 44.8bNOK 1.3b17x19.6x0.6x
Fri, 01 Dec 2023NOK 25.2bNOK 44.8bNOK 1.3b15.9x18.8x0.6x
Sun, 29 Oct 2023NOK 23.8bNOK 44.6bNOK 1.3b16.1x17.6x0.5x
Tue, 26 Sep 2023NOK 26.7bNOK 44.9bNOK 1.4b17.3x19.5x0.6x
Thu, 24 Aug 2023NOK 26.9bNOK 44.6bNOK 1.4b19x19.8x0.6x
Sat, 22 Jul 2023NOK 27.9bNOK 44.5bNOK 1.3b19.1x20.7x0.6x
Mon, 19 Jun 2023NOK 32.0bNOK 43.2bNOK 1.4b21.7x23.3x0.7x
Wed, 17 May 2023NOK 30.2bNOK 43.0bNOK 1.4b21.9x22.1x0.7x
Fri, 14 Apr 2023NOK 27.4bNOK 40.9bNOK 1.3b21.2x21.6x0.7x
Sun, 12 Mar 2023NOK 25.2bNOK 40.9bNOK 1.2b19.5x20.1x0.6x
Tue, 07 Feb 2023NOK 24.5bNOK 51.7bNOK 1.2b19.8x19.9x0.5x
Thu, 05 Jan 2023NOK 24.6bNOK 51.7bNOK 1.2b19.6x20x0.5x
Price to Earnings Ratio

20x


Total Market Cap: NOK 24.6bTotal Earnings: NOK 1.2bTotal Revenue: NOK 51.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.3x20242025
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 21.3x.
  • 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 declined 5.6% 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 Market0.53%
Tech0.81%
IT-2.17%
Data Processing Services0%0
IT Consulting-2.17%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 2.6% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 21.3x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 2.6% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 15% 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 157.000.6%
+NOK 111.4m		11.0%PE21.9x
ITERA IteraNOK 8.302.5%
+NOK 16.3m		-7.2%PE26.5x

Latest News

CYVIZ
NOK 38.30
Cyviz
7D
-0.3%
1Y
23.5%
WSTEP
NOK 18.40
Webstep
7D
-1.6%
1Y
-16.4%
BOUV
NOK 61.50
Bouvet
7D
-0.2%
1Y
-19.6%
ITERA
NOK 8.30
Itera
7D
2.5%
1Y
-7.2%
ARR
NOK 7.90
Arribatec Group
7D
-0.1%
1Y
129.0%

ARR: Upcoming Stock Split Will Support Future Upside Despite Margin Headwinds

Analysts have modestly adjusted their price target on Arribatec Group upward, citing slightly higher long term valuation multiples despite a small downgrade to projected profit margins. This results in a new target equivalent to approximately NOK 60.00 per share.
ATEA
NOK 157.00
Atea
7D
0.6%
1Y
11.0%