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Norwegian (OSEAX) IT Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies6
  • 7D-0.9%
  • 3M3.3%
  • 1Y3.3%
  • YTD-1.1%

Over the last 7 days, the IT industry has dropped 1.8%, driven by Atea declining 3.4%. This takes the industry's 12 month performance to a gain of 4.8%. 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
Tue, 21 Jan 2025NOK 25.1bNOK 40.2bNOK 1.2b20.8x21.8x0.6x
Thu, 19 Dec 2024NOK 24.9bNOK 40.2bNOK 1.2b20.3x21.7x0.6x
Sat, 16 Nov 2024NOK 24.7bNOK 40.2bNOK 1.1b20.1x21.6x0.6x
Mon, 14 Oct 2024NOK 29.3bNOK 43.4bNOK 1.2b20.4x23.7x0.7x
Wed, 11 Sep 2024NOK 30.0bNOK 43.4bNOK 1.2b21.3x24.3x0.7x
Fri, 09 Aug 2024NOK 28.6bNOK 43.3bNOK 1.2b32.7x23.6x0.7x
Sun, 07 Jul 2024NOK 29.2bNOK 43.8bNOK 1.3b28.1x23.1x0.7x
Tue, 04 Jun 2024NOK 28.7bNOK 43.8bNOK 1.3b26.8x22.6x0.7x
Thu, 02 May 2024NOK 27.6bNOK 43.6bNOK 1.3b23.9x21.3x0.6x
Sat, 30 Mar 2024NOK 26.3bNOK 44.7bNOK 1.3b24.3x20.6x0.6x
Mon, 26 Feb 2024NOK 26.2bNOK 44.6bNOK 1.3b25.3x20.5x0.6x
Wed, 24 Jan 2024NOK 28.0bNOK 44.8bNOK 1.3b18.3x20.8x0.6x
Fri, 22 Dec 2023NOK 25.9bNOK 44.8bNOK 1.3b16.2x19.3x0.6x
Sun, 19 Nov 2023NOK 26.0bNOK 44.8bNOK 1.3b16.6x19.3x0.6x
Tue, 17 Oct 2023NOK 26.6bNOK 44.9bNOK 1.4b17.2x19.4x0.6x
Thu, 14 Sep 2023NOK 26.6bNOK 44.9bNOK 1.4b17.2x19.4x0.6x
Sat, 12 Aug 2023NOK 27.8bNOK 44.5bNOK 1.3b19.4x20.7x0.6x
Mon, 10 Jul 2023NOK 29.8bNOK 43.2bNOK 1.4b19.8x21.7x0.7x
Wed, 07 Jun 2023NOK 30.4bNOK 43.2bNOK 1.4b21.1x22.1x0.7x
Fri, 05 May 2023NOK 29.4bNOK 42.7bNOK 1.3b22.1x22.4x0.7x
Sun, 02 Apr 2023NOK 26.7bNOK 40.9bNOK 1.3b21.1x21x0.7x
Tue, 28 Feb 2023NOK 25.3bNOK 40.8bNOK 1.3b17.9x20.1x0.6x
Thu, 26 Jan 2023NOK 24.3bNOK 51.7bNOK 1.2b19.6x19.7x0.5x
Sat, 24 Dec 2022NOK 24.3bNOK 51.7bNOK 1.2b20.1x19.8x0.5x
Mon, 21 Nov 2022NOK 25.2bNOK 51.7bNOK 1.2b18.8x20.5x0.5x
Wed, 19 Oct 2022NOK 22.7bNOK 49.8bNOK 1.2b19x19.1x0.5x
Fri, 16 Sep 2022NOK 23.1bNOK 49.8bNOK 1.2b21x19.5x0.5x
Sun, 14 Aug 2022NOK 25.7bNOK 49.5bNOK 1.2b21.8x21.7x0.5x
Tue, 12 Jul 2022NOK 23.2bNOK 48.6bNOK 1.1b21.6x21.1x0.5x
Thu, 09 Jun 2022NOK 24.0bNOK 48.6bNOK 1.1b22.2x21.8x0.5x
Sat, 07 May 2022NOK 24.5bNOK 48.3bNOK 1.1b22.2x22.4x0.5x
Mon, 04 Apr 2022NOK 27.7bNOK 48.5bNOK 1.1b19.9x25.5x0.6x
Wed, 02 Mar 2022NOK 27.8bNOK 48.4bNOK 1.1b22.2x24.7x0.6x
Fri, 28 Jan 2022NOK 30.5bNOK 48.0bNOK 1.0b26x29.1x0.6x
Price to Earnings Ratio

29.1x


Total Market Cap: NOK 30.5bTotal Earnings: NOK 1.0bTotal Revenue: NOK 48.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.5x202320242025
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 21.5x.
  • 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 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.7% 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 Market0.11%
Tech2.70%
IT-0.90%
Internet Services and Infrastructure0%0
Data Processing Services0%0
IT Consulting-0.90%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 17.9%, 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 21.5x.
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
BOUV BouvetNOK 80.803.2%
+NOK 257.0m		29.7%PE22.1x
ITERA IteraNOK 9.005.1%
+NOK 35.9m		-29.4%PE18x
CYVIZ CyvizNOK 31.406.4%
+NOK 24.5m		-20.3%PS0.7x
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Latest News

ITERA

NOK 9.00

Itera

7D

5.1%

1Y

-29.4%

WSTEP

NOK 22.10

Webstep

7D

-0.9%

1Y

0.5%

ARR

NOK 0.27

Arribatec Group

7D

-19.2%

1Y

-94.2%

BOUV

NOK 80.80

Bouvet

7D

3.2%

1Y

29.7%

CYVIZ

NOK 31.40

Cyviz

7D

6.4%

1Y

-20.3%

ATEA

NOK 134.60

Atea

7D

-3.4%

1Y

-2.6%