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Norwegian (OSEAX) IT Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.05%
  • 3M2.6%
  • 1Y-5.9%
  • YTD-5.9%

In the last week, the IT industry is flat overall, with Itera standing out by going down 8.5%. As for the longer term, the industry has declined 7.5% in the last year. As for the next few years, earnings are expected to grow by 9.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026NOK 25.5bNOK 46.4bNOK 1.6b13.6x16.3x0.5x
Fri, 19 Jun 2026NOK 25.8bNOK 45.1bNOK 1.5b13.2x17.2x0.6x
Sun, 17 May 2026NOK 24.1bNOK 45.2bNOK 1.5b15.8x15.9x0.5x
Tue, 14 Apr 2026NOK 22.8bNOK 44.1bNOK 1.3b17.8x17.1x0.5x
Thu, 12 Mar 2026NOK 23.0bNOK 44.1bNOK 1.3b17.9x17.2x0.5x
Sat, 07 Feb 2026NOK 24.5bNOK 43.6bNOK 1.2b20.4x20x0.6x
Mon, 05 Jan 2026NOK 25.6bNOK 43.6bNOK 1.2b21.6x20.9x0.6x
Wed, 03 Dec 2025NOK 24.9bNOK 43.6bNOK 1.2b20.7x20.3x0.6x
Fri, 31 Oct 2025NOK 25.6bNOK 43.6bNOK 1.2b19.1x21.2x0.6x
Sun, 28 Sep 2025NOK 24.7bNOK 43.2bNOK 1.2b18.9x21.1x0.6x
Tue, 26 Aug 2025NOK 25.7bNOK 43.2bNOK 1.2b19.8x21.8x0.6x
Thu, 24 Jul 2025NOK 25.8bNOK 43.2bNOK 1.2b20.2x21.7x0.6x
Sat, 21 Jun 2025NOK 27.3bNOK 42.5bNOK 1.2b22.6x23.3x0.6x
Mon, 19 May 2025NOK 27.3bNOK 42.4bNOK 1.1b22.6x23.9x0.6x
Wed, 16 Apr 2025NOK 24.9bNOK 41.4bNOK 1.2b20.7x21.1x0.6x
Fri, 14 Mar 2025NOK 23.9bNOK 41.4bNOK 1.2b19.2x20.2x0.6x
Sun, 09 Feb 2025NOK 25.4bNOK 41.5bNOK 1.2b21x22x0.6x
Tue, 07 Jan 2025NOK 25.5bNOK 40.2bNOK 1.2b20.8x22.2x0.6x
Thu, 05 Dec 2024NOK 25.1bNOK 40.2bNOK 1.2b20.1x21.8x0.6x
Sat, 02 Nov 2024NOK 24.2bNOK 40.1bNOK 1.1b19.6x21.2x0.6x
Mon, 30 Sep 2024NOK 29.2bNOK 43.4bNOK 1.2b20x23.6x0.7x
Wed, 28 Aug 2024NOK 29.1bNOK 43.3bNOK 1.2b32.6x24.1x0.7x
Fri, 26 Jul 2024NOK 27.7bNOK 43.3bNOK 1.2b27.7x22.9x0.6x
Sun, 23 Jun 2024NOK 29.7bNOK 43.8bNOK 1.3b28x23.4x0.7x
Tue, 21 May 2024NOK 28.2bNOK 43.7bNOK 1.3b26.5x22.2x0.6x
Thu, 18 Apr 2024NOK 26.3bNOK 44.7bNOK 1.3b23.8x20.6x0.6x
Sat, 16 Mar 2024NOK 25.8bNOK 44.7bNOK 1.3b24.1x20.2x0.6x
Mon, 12 Feb 2024NOK 26.4bNOK 44.4bNOK 1.3b18.1x20.4x0.6x
Wed, 10 Jan 2024NOK 26.4bNOK 44.8bNOK 1.3b17.4x19.6x0.6x
Fri, 08 Dec 2023NOK 24.9bNOK 44.8bNOK 1.3b15.6x18.5x0.6x
Sun, 05 Nov 2023NOK 24.9bNOK 44.6bNOK 1.4b16.6x18.2x0.6x
Tue, 03 Oct 2023NOK 26.9bNOK 44.9bNOK 1.4b17.2x19.7x0.6x
Thu, 31 Aug 2023NOK 27.2bNOK 44.8bNOK 1.4b18.1x20x0.6x
Sat, 29 Jul 2023NOK 28.3bNOK 44.5bNOK 1.3b19.1x21x0.6x
Price to Earnings Ratio

21x


Total Market Cap: NOK 28.3bTotal Earnings: NOK 1.3bTotal Revenue: NOK 44.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 20.7x202420252026
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 16.1x which is lower than its 3-year average PE of 20.7x.
  • 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 grown 5.1% 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 Market0.40%
Tech-0.66%
IT-0.054%
IT Consulting0.00089%
Internet Services and Infrastructure0%0
Data Processing Services0%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 20.7x.
    • Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings decline of 21.2% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 20.7x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 9.7% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.7% 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 BouvetNOK 44.350.8%
+NOK 35.8m		-41.3%PE13.6x
WSTEP WebstepNOK 14.503.2%
+NOK 12.2m		-39.6%PE10.7x
ATEA AteaNOK 164.000%
NOK 1.2m		14.7%PE15.7x

Latest News

ITERA
NOK 5.84
Itera
7D
-8.5%
1Y
-35.7%
ATEA
NOK 164.00
Atea
7D
0%
1Y
14.7%
MDATA
NOK 11.36
Magnora Data Center
7D
-1.2%
1Y
n/a
ARR
NOK 5.14
Arribatec Group
7D
-1.2%
1Y
-6.9%
Narrative Update • Jun 24

ARR: Completed Buybacks Will Support Future Repricing Potential

Analysts have made a minor adjustment to their Arribatec Group price target. The updated NOK value reflects small changes in the underlying fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
BOUV
NOK 44.35
Bouvet
7D
0.8%
1Y
-41.3%
Analysis Article • May 16

Bouvet ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Bouvet ASA ( OB:BOUV ) just released its latest quarterly report and things are not looking great. Bouvet missed...
WSTEP
NOK 14.50
Webstep
7D
3.2%
1Y
-39.6%