Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Norwegian (OSEAX) IT Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies6
  • 7D-1.3%
  • 3M0.8%
  • 1Y-0.4%
  • YTD-3.8%

Over the last 7 days, the IT industry has dropped 1.3%, driven by a pullback from Bouvet of 9.5%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025NOK 24.6bNOK 41.4bNOK 1.2b19.4x20.1x0.6x
Sun, 19 Jan 2025NOK 24.9bNOK 40.2bNOK 1.2b20.6x21.7x0.6x
Tue, 17 Dec 2024NOK 25.1bNOK 40.2bNOK 1.2b20.4x21.8x0.6x
Thu, 14 Nov 2024NOK 24.4bNOK 40.2bNOK 1.1b19.7x21.4x0.6x
Sat, 12 Oct 2024NOK 29.3bNOK 43.4bNOK 1.2b20.4x23.7x0.7x
Mon, 09 Sep 2024NOK 30.1bNOK 43.4bNOK 1.2b21.4x24.4x0.7x
Wed, 07 Aug 2024NOK 28.6bNOK 43.3bNOK 1.2b32.8x23.6x0.7x
Fri, 05 Jul 2024NOK 28.8bNOK 43.8bNOK 1.3b27.5x22.7x0.7x
Sun, 02 Jun 2024NOK 28.5bNOK 43.8bNOK 1.3b27x22.5x0.7x
Tue, 30 Apr 2024NOK 27.1bNOK 43.6bNOK 1.3b23.9x21x0.6x
Thu, 28 Mar 2024NOK 26.3bNOK 44.7bNOK 1.3b24.3x20.6x0.6x
Sat, 24 Feb 2024NOK 26.2bNOK 44.6bNOK 1.3b25.3x20.5x0.6x
Mon, 22 Jan 2024NOK 27.0bNOK 44.8bNOK 1.3b17.3x20.1x0.6x
Wed, 20 Dec 2023NOK 26.2bNOK 44.8bNOK 1.3b16.4x19.5x0.6x
Fri, 17 Nov 2023NOK 26.0bNOK 44.8bNOK 1.3b16.4x19.3x0.6x
Sun, 15 Oct 2023NOK 26.9bNOK 44.9bNOK 1.4b17.4x19.7x0.6x
Tue, 12 Sep 2023NOK 26.4bNOK 44.9bNOK 1.4b17.2x19.3x0.6x
Thu, 10 Aug 2023NOK 27.6bNOK 44.5bNOK 1.3b19.2x20.5x0.6x
Sat, 08 Jul 2023NOK 29.8bNOK 43.2bNOK 1.4b19.8x21.7x0.7x
Mon, 05 Jun 2023NOK 30.2bNOK 43.2bNOK 1.4b20.9x22x0.7x
Wed, 03 May 2023NOK 29.0bNOK 42.7bNOK 1.3b22.2x22.1x0.7x
Fri, 31 Mar 2023NOK 26.0bNOK 40.9bNOK 1.3b21.2x20.4x0.6x
Sun, 26 Feb 2023NOK 25.3bNOK 40.8bNOK 1.3b17.2x20.2x0.6x
Tue, 24 Jan 2023NOK 24.5bNOK 51.7bNOK 1.2b19.6x19.9x0.5x
Thu, 22 Dec 2022NOK 24.4bNOK 51.7bNOK 1.2b20.1x19.8x0.5x
Sat, 19 Nov 2022NOK 25.2bNOK 51.7bNOK 1.2b18.8x20.5x0.5x
Mon, 17 Oct 2022NOK 22.4bNOK 49.8bNOK 1.2b18.9x18.9x0.4x
Wed, 14 Sep 2022NOK 23.6bNOK 49.8bNOK 1.2b20.4x19.9x0.5x
Fri, 12 Aug 2022NOK 25.4bNOK 49.5bNOK 1.2b21.1x21.6x0.5x
Sun, 10 Jul 2022NOK 23.3bNOK 48.6bNOK 1.1b21.1x21.2x0.5x
Tue, 07 Jun 2022NOK 24.2bNOK 48.6bNOK 1.1b22.3x22x0.5x
Thu, 05 May 2022NOK 24.6bNOK 48.2bNOK 1.1b22.4x22.6x0.5x
Sat, 02 Apr 2022NOK 27.7bNOK 48.5bNOK 1.1b19.9x25.5x0.6x
Mon, 28 Feb 2022NOK 27.4bNOK 48.3bNOK 1.1b23.7x25.1x0.6x
Price to Earnings Ratio

25.1x


Total Market Cap: NOK 27.4bTotal Earnings: NOK 1.1bTotal Revenue: NOK 48.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.3x202320242025
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 0.59x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.0% 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 Market0.52%
Tech3.12%
IT-1.34%
Internet Services and Infrastructure0%0
Data Processing Services0%0
IT Consulting-1.34%
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 expect its future annual earnings growth (17.5%) 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 21.3x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 17% 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 17% 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 135.002.4%
+NOK 357.7m		7.1%PE19.5x
ARR Arribatec GroupNOK 0.326.7%
+NOK 9.6m		-92.4%PS0.3x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

BOUV

NOK 72.20

Bouvet

7D

-9.5%

1Y

15.2%

Earnings Update: Bouvet ASA (OB:BOUV) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Feb 21
Earnings Update: Bouvet ASA (OB:BOUV) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

CYVIZ

NOK 30.50

Cyviz

7D

-4.1%

1Y

-14.3%

Cyviz's (OB:CYVIZ) Earnings Are Of Questionable Quality

Feb 21
Cyviz's (OB:CYVIZ) Earnings Are Of Questionable Quality

ATEA

NOK 135.00

Atea

7D

2.4%

1Y

7.1%

Atea's (OB:ATEA) Conservative Accounting Might Explain Soft Earnings

Feb 14
Atea's (OB:ATEA) Conservative Accounting Might Explain Soft Earnings

ARR

NOK 0.32

Arribatec Group

7D

6.7%

1Y

-92.4%

ITERA

NOK 9.14

Itera

7D

-1.7%

1Y

-23.8%