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Norwegian (OSEAX) IT Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies6
  • 7D-1.7%
  • 3M-1.8%
  • 1Y10.6%
  • YTD9.4%

Over the last 7 days, the IT industry has dropped 2.4%, driven by a pullback from Atea of 3.5%. In contrast, Arribatec Group has gained 5.7%. Over the past 12 months, the industry was up 10%. 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
Sat, 21 Dec 2024NOK 25.0bNOK 40.2bNOK 1.2b20.3x21.7x0.6x
Mon, 18 Nov 2024NOK 24.7bNOK 40.2bNOK 1.1b20.1x21.6x0.6x
Wed, 16 Oct 2024NOK 29.2bNOK 43.4bNOK 1.2b20.5x23.7x0.7x
Fri, 13 Sep 2024NOK 30.0bNOK 43.4bNOK 1.2b21.2x24.3x0.7x
Sun, 11 Aug 2024NOK 28.5bNOK 43.3bNOK 1.2b32.7x23.5x0.7x
Tue, 09 Jul 2024NOK 29.1bNOK 43.8bNOK 1.3b27.9x23x0.7x
Thu, 06 Jun 2024NOK 28.6bNOK 43.8bNOK 1.3b26.5x22.5x0.7x
Sat, 04 May 2024NOK 27.6bNOK 43.6bNOK 1.3b24.6x21.6x0.6x
Mon, 01 Apr 2024NOK 26.3bNOK 44.7bNOK 1.3b24.3x20.6x0.6x
Wed, 28 Feb 2024NOK 25.9bNOK 44.6bNOK 1.3b25x20.3x0.6x
Fri, 26 Jan 2024NOK 28.0bNOK 44.8bNOK 1.3b18.4x20.8x0.6x
Sun, 24 Dec 2023NOK 26.1bNOK 44.8bNOK 1.3b16.4x19.4x0.6x
Tue, 21 Nov 2023NOK 25.2bNOK 44.8bNOK 1.3b15.9x18.8x0.6x
Thu, 19 Oct 2023NOK 26.4bNOK 44.9bNOK 1.4b17.2x19.3x0.6x
Sat, 16 Sep 2023NOK 26.7bNOK 44.9bNOK 1.4b17.4x19.6x0.6x
Mon, 14 Aug 2023NOK 27.8bNOK 44.5bNOK 1.3b19.4x20.7x0.6x
Wed, 12 Jul 2023NOK 29.7bNOK 43.2bNOK 1.4b19.9x21.6x0.7x
Fri, 09 Jun 2023NOK 30.7bNOK 43.2bNOK 1.4b21.3x22.3x0.7x
Sun, 07 May 2023NOK 29.0bNOK 42.7bNOK 1.3b20.9x22.1x0.7x
Tue, 04 Apr 2023NOK 26.7bNOK 40.9bNOK 1.3b21.5x21x0.7x
Thu, 02 Mar 2023NOK 25.5bNOK 40.8bNOK 1.3b17.8x20.3x0.6x
Sat, 28 Jan 2023NOK 24.3bNOK 51.7bNOK 1.2b19.7x19.7x0.5x
Mon, 26 Dec 2022NOK 24.3bNOK 51.7bNOK 1.2b20.1x19.8x0.5x
Wed, 23 Nov 2022NOK 24.9bNOK 51.7bNOK 1.2b18.2x20.3x0.5x
Fri, 21 Oct 2022NOK 22.5bNOK 49.8bNOK 1.2b18.7x19x0.5x
Sun, 18 Sep 2022NOK 22.4bNOK 49.8bNOK 1.2b19.4x18.9x0.4x
Tue, 16 Aug 2022NOK 25.4bNOK 49.5bNOK 1.2b20.9x21.5x0.5x
Thu, 14 Jul 2022NOK 23.3bNOK 48.6bNOK 1.1b21.5x21.2x0.5x
Sat, 11 Jun 2022NOK 23.3bNOK 48.6bNOK 1.1b21.6x21.2x0.5x
Mon, 09 May 2022NOK 24.5bNOK 48.3bNOK 1.1b22.2x22.4x0.5x
Wed, 06 Apr 2022NOK 27.4bNOK 48.5bNOK 1.1b20.4x25.2x0.6x
Fri, 04 Mar 2022NOK 27.6bNOK 48.4bNOK 1.1b20.8x24.5x0.6x
Sun, 30 Jan 2022NOK 30.4bNOK 48.0bNOK 1.0b25.1x29x0.6x
Tue, 28 Dec 2021NOK 32.7bNOK 47.4bNOK 1.2b26.4x28.1x0.7x
Price to Earnings Ratio

28.1x


Total Market Cap: NOK 32.7bTotal Earnings: NOK 1.2bTotal Revenue: NOK 47.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.7x202220232024
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 21.7x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 5.3% 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 Market-2.76%
Tech-2.27%
IT-1.69%
Internet Services and Infrastructure0%
Data Processing Services0%
IT Consulting-1.69%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 21.7x.
    • Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 21.7% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 21.7x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • 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
ITERA IteraNOK 9.281.8%
+NOK 13.0m		-20.0%PE18.5x
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Latest News

ITERA

NOK 9.28

Itera

7D

1.8%

1Y

-20.0%

BOUV

NOK 75.10

Bouvet

7D

-0.4%

1Y

23.5%

CYVIZ

NOK 31.80

Cyviz

7D

-0.3%

1Y

-7.3%

ARR

NOK 0.35

Arribatec Group

7D

-2.2%

1Y

-92.5%

Arribatec Group ASA (OB:ARR) Might Not Be As Mispriced As It Looks After Plunging 26%

Nov 28
Arribatec Group ASA (OB:ARR) Might Not Be As Mispriced As It Looks After Plunging 26%

WSTEP

NOK 22.10

Webstep

7D

-4.7%

1Y

0.5%

Webstep's (OB:WSTEP) Conservative Accounting Might Explain Soft Earnings

Nov 21
Webstep's (OB:WSTEP) Conservative Accounting Might Explain Soft Earnings

ATEA

NOK 138.60

Atea

7D

-2.4%

1Y

10.4%