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Norwegian (OSEAX) IT Industry Analysis

UpdatedApr 21, 2025
DataAggregated Company Financials
Companies6
  • 7D2.5%
  • 3M-1.4%
  • 1Y1.3%
  • YTD-1.3%

The IT industry is up 2.5% in the last week, with Atea up 2.6%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Apr 2025NOK 25.1bNOK 41.4bNOK 1.2b20.7x21.3x0.6x
Wed, 19 Mar 2025NOK 24.4bNOK 41.4bNOK 1.2b19.9x20.7x0.6x
Fri, 14 Feb 2025NOK 24.9bNOK 41.5bNOK 1.2b20.4x21.6x0.6x
Sun, 12 Jan 2025NOK 25.4bNOK 40.2bNOK 1.2b20.8x22.1x0.6x
Tue, 10 Dec 2024NOK 25.2bNOK 40.2bNOK 1.2b20.2x21.9x0.6x
Thu, 07 Nov 2024NOK 24.4bNOK 40.1bNOK 1.1b19.9x21.4x0.6x
Sat, 05 Oct 2024NOK 28.3bNOK 43.4bNOK 1.2b19.3x22.9x0.7x
Mon, 02 Sep 2024NOK 30.0bNOK 43.4bNOK 1.2b21.2x24.3x0.7x
Wed, 31 Jul 2024NOK 28.7bNOK 43.3bNOK 1.2b28.2x23.7x0.7x
Fri, 28 Jun 2024NOK 29.2bNOK 43.8bNOK 1.3b27.6x23x0.7x
Sun, 26 May 2024NOK 28.5bNOK 43.8bNOK 1.3b26.6x22.5x0.7x
Tue, 23 Apr 2024NOK 26.3bNOK 44.7bNOK 1.3b24.2x20.6x0.6x
Thu, 21 Mar 2024NOK 26.0bNOK 44.7bNOK 1.3b24.9x20.4x0.6x
Sat, 17 Feb 2024NOK 26.6bNOK 44.4bNOK 1.3b18.6x20.2x0.6x
Mon, 15 Jan 2024NOK 26.8bNOK 44.8bNOK 1.3b17x20x0.6x
Wed, 13 Dec 2023NOK 25.1bNOK 44.8bNOK 1.3b15.8x18.7x0.6x
Fri, 10 Nov 2023NOK 25.0bNOK 44.6bNOK 1.4b17x18.3x0.6x
Sun, 08 Oct 2023NOK 26.0bNOK 44.9bNOK 1.4b16.8x19x0.6x
Tue, 05 Sep 2023NOK 26.5bNOK 44.9bNOK 1.4b17.5x19.4x0.6x
Thu, 03 Aug 2023NOK 28.3bNOK 44.5bNOK 1.3b19.4x21x0.6x
Sat, 01 Jul 2023NOK 30.6bNOK 43.2bNOK 1.4b20.7x22.3x0.7x
Mon, 29 May 2023NOK 29.5bNOK 43.2bNOK 1.4b21.1x21.5x0.7x
Wed, 26 Apr 2023NOK 27.0bNOK 40.9bNOK 1.3b21.1x21.3x0.7x
Fri, 24 Mar 2023NOK 25.2bNOK 40.9bNOK 1.3b19.5x19.8x0.6x
Sun, 19 Feb 2023NOK 26.0bNOK 40.8bNOK 1.2b20.8x21x0.6x
Tue, 17 Jan 2023NOK 24.7bNOK 51.7bNOK 1.2b19.9x20.1x0.5x
Thu, 15 Dec 2022NOK 24.6bNOK 51.7bNOK 1.2b19.7x20x0.5x
Sat, 12 Nov 2022NOK 25.1bNOK 51.4bNOK 1.2b19.7x21.1x0.5x
Mon, 10 Oct 2022NOK 22.3bNOK 49.8bNOK 1.2b19x18.9x0.4x
Wed, 07 Sep 2022NOK 23.4bNOK 49.8bNOK 1.2b20.2x19.7x0.5x
Fri, 05 Aug 2022NOK 25.5bNOK 49.5bNOK 1.2b21.5x21.6x0.5x
Sun, 03 Jul 2022NOK 23.0bNOK 48.6bNOK 1.1b20.6x20.9x0.5x
Tue, 31 May 2022NOK 24.6bNOK 48.6bNOK 1.1b22.4x22.4x0.5x
Thu, 28 Apr 2022NOK 25.7bNOK 48.5bNOK 1.1b20x23.7x0.5x
Price to Earnings Ratio

23.7x


Total Market Cap: NOK 25.7bTotal Earnings: NOK 1.1bTotal Revenue: NOK 48.5bTotal 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 2.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.1% 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 Market1.11%
Tech3.54%
IT2.46%
IT Consulting2.46%
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 expect its future annual earnings growth (17.7%) to be largely in line with prior year's earnings growth.
  • 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 135.202.6%
+NOK 378.7m		2.4%PE19.4x
BOUV BouvetNOK 78.702.6%
+NOK 205.4m		30.5%PE21.1x
ITERA IteraNOK 9.382.2%
+NOK 16.2m		-21.8%PE21.7x
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BOUV

NOK 78.70

Bouvet

7D

2.6%

1Y

30.5%

ARR

NOK 0.37

Arribatec Group

7D

-3.4%

1Y

-91.0%

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ATEA

NOK 135.20

Atea

7D

2.6%

1Y

2.4%

ITERA

NOK 9.38

Itera

7D

2.2%

1Y

-21.8%