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Norwegian (OSEAX) IT Industry Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies6
  • 7D-1.1%
  • 3M-8.5%
  • 1Y-4.9%
  • YTD-3.0%

Over the last 7 days, the IT industry has dropped 1.1%, driven by a pullback from Atea of 1.3%. On the other hand Arribatec Group is actually up 6.5%. The industry has fallen 4.9% in the last year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025NOK 24.7bNOK 43.2bNOK 1.2b19.1x21.1x0.6x
Fri, 15 Aug 2025NOK 25.3bNOK 43.2bNOK 1.2b20.6x21x0.6x
Sun, 13 Jul 2025NOK 27.6bNOK 42.5bNOK 1.2b21.4x23.6x0.6x
Tue, 10 Jun 2025NOK 26.7bNOK 42.5bNOK 1.2b22.3x22.8x0.6x
Thu, 08 May 2025NOK 26.8bNOK 42.3bNOK 1.1b21.3x23.3x0.6x
Sat, 05 Apr 2025NOK 23.5bNOK 41.4bNOK 1.2b19.6x19.9x0.6x
Mon, 03 Mar 2025NOK 24.0bNOK 41.4bNOK 1.2b19.2x20.4x0.6x
Wed, 29 Jan 2025NOK 25.2bNOK 40.2bNOK 1.2b21x21.9x0.6x
Fri, 27 Dec 2024NOK 24.9bNOK 40.2bNOK 1.2b20.1x21.6x0.6x
Sun, 24 Nov 2024NOK 24.1bNOK 40.2bNOK 1.2b19.4x20.9x0.6x
Tue, 22 Oct 2024NOK 24.2bNOK 39.9bNOK 1.1b19.7x21.3x0.6x
Thu, 19 Sep 2024NOK 29.7bNOK 43.4bNOK 1.2b20.8x24x0.7x
Sat, 17 Aug 2024NOK 29.0bNOK 43.3bNOK 1.2b32.6x24.1x0.7x
Mon, 15 Jul 2024NOK 28.2bNOK 43.3bNOK 1.2b28.2x23.3x0.7x
Wed, 12 Jun 2024NOK 29.6bNOK 43.8bNOK 1.3b27.5x23.3x0.7x
Fri, 10 May 2024NOK 27.9bNOK 43.7bNOK 1.3b26.2x22x0.6x
Sun, 07 Apr 2024NOK 26.5bNOK 44.7bNOK 1.3b24.1x20.7x0.6x
Tue, 05 Mar 2024NOK 25.8bNOK 44.7bNOK 1.3b24.8x20.2x0.6x
Thu, 01 Feb 2024NOK 27.8bNOK 44.8bNOK 1.3b18.3x20.7x0.6x
Sat, 30 Dec 2023NOK 26.6bNOK 44.8bNOK 1.3b16.9x19.8x0.6x
Mon, 27 Nov 2023NOK 25.4bNOK 44.8bNOK 1.3b15.9x18.9x0.6x
Wed, 25 Oct 2023NOK 24.4bNOK 44.6bNOK 1.4b16.1x18.1x0.5x
Fri, 22 Sep 2023NOK 27.0bNOK 44.9bNOK 1.4b17.6x19.8x0.6x
Sun, 20 Aug 2023NOK 27.5bNOK 44.5bNOK 1.4b19x20.2x0.6x
Tue, 18 Jul 2023NOK 29.6bNOK 43.2bNOK 1.4b19.5x21.5x0.7x
Thu, 15 Jun 2023NOK 31.2bNOK 43.2bNOK 1.4b21.8x22.7x0.7x
Sat, 13 May 2023NOK 29.8bNOK 43.0bNOK 1.3b21.3x22.3x0.7x
Mon, 10 Apr 2023NOK 27.1bNOK 40.9bNOK 1.3b21.5x21.4x0.7x
Wed, 08 Mar 2023NOK 25.3bNOK 40.8bNOK 1.3b17.2x20.2x0.6x
Fri, 03 Feb 2023NOK 24.7bNOK 51.7bNOK 1.2b20x20x0.5x
Sun, 01 Jan 2023NOK 24.5bNOK 51.7bNOK 1.2b20.1x19.9x0.5x
Tue, 29 Nov 2022NOK 24.6bNOK 51.7bNOK 1.2b18.2x20x0.5x
Thu, 27 Oct 2022NOK 23.3bNOK 51.4bNOK 1.2b18.4x19.5x0.5x
Sat, 24 Sep 2022NOK 22.0bNOK 49.8bNOK 1.2b19.9x18.6x0.4x
Price to Earnings Ratio

18.6x


Total Market Cap: NOK 22.0bTotal Earnings: NOK 1.2bTotal Revenue: NOK 49.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.2x202320242025
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 21.2x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% 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 Market1.06%
Tech1.56%
IT-1.07%
Data Processing Services0%0
IT Consulting-1.07%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 21.2x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 4.2% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 21.2x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 20% 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
ARR Arribatec GroupNOK 0.696.5%
+NOK 20.2m		-75.4%PS0.5x
CYVIZ CyvizNOK 35.901.7%
+NOK 7.8m		16.6%PS0.8x

Latest News

ARR
NOK 0.69
Arribatec Group
7D
6.5%
1Y
-75.4%

Further Upside For Arribatec Group ASA (OB:ARR) Shares Could Introduce Price Risks After 29% Bounce

Sep 06
Further Upside For Arribatec Group ASA (OB:ARR) Shares Could Introduce Price Risks After 29% Bounce
BOUV
NOK 66.20
Bouvet
7D
-1.2%
1Y
-4.1%

What Bouvet ASA's (OB:BOUV) P/E Is Not Telling You

Aug 28
What Bouvet ASA's (OB:BOUV) P/E Is Not Telling You
ATEA
NOK 142.00
Atea
7D
-1.3%
1Y
1.0%

Frame Agreements In Denmark And Finland Will Drive AI Investment

Atea’s consensus price target has increased to NOK170.00, primarily reflecting a higher expected future P/E, while profit margins remain stable. What's in the News Atea ASA commenced a share repurchase program authorized by shareholders, allowing buybacks of up to NOK 10 million nominal value until the next AGM or June 30, 2026, with a price range of NOK 1–250 per share.
CYVIZ
NOK 35.90
Cyviz
7D
1.7%
1Y
16.6%
ITERA
NOK 8.26
Itera
7D
-1.7%
1Y
-19.8%