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Norwegian (OSEAX) IT Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies7
  • 7D-0.1%
  • 3M1.5%
  • 1Y-3.4%
  • YTD4.6%

The IT industry has stayed flat over the last week. Unfortunately though, the industry is down 3.4% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NOK 27.7bNOK 43.3bNOK 1.2b27.7x22.9x0.6x
Sun, 23 Jun 2024NOK 29.7bNOK 43.8bNOK 1.3b28x23.4x0.7x
Tue, 21 May 2024NOK 28.2bNOK 43.7bNOK 1.3b26.5x22.2x0.6x
Thu, 18 Apr 2024NOK 26.3bNOK 44.7bNOK 1.3b23.8x20.6x0.6x
Sat, 16 Mar 2024NOK 25.8bNOK 44.7bNOK 1.3b24.1x20.2x0.6x
Mon, 12 Feb 2024NOK 26.4bNOK 44.4bNOK 1.3b18.1x20.4x0.6x
Wed, 10 Jan 2024NOK 26.4bNOK 44.8bNOK 1.3b17.4x19.6x0.6x
Fri, 08 Dec 2023NOK 24.9bNOK 44.8bNOK 1.3b15.6x18.5x0.6x
Sun, 05 Nov 2023NOK 24.9bNOK 44.6bNOK 1.4b16.6x18.2x0.6x
Tue, 03 Oct 2023NOK 26.9bNOK 44.9bNOK 1.4b17.2x19.7x0.6x
Thu, 31 Aug 2023NOK 27.2bNOK 44.8bNOK 1.4b18.1x20x0.6x
Sat, 29 Jul 2023NOK 28.3bNOK 44.5bNOK 1.3b19.1x21x0.6x
Mon, 26 Jun 2023NOK 30.8bNOK 43.2bNOK 1.4b20.9x22.4x0.7x
Wed, 24 May 2023NOK 30.7bNOK 43.1bNOK 1.4b22x22.5x0.7x
Fri, 21 Apr 2023NOK 27.1bNOK 40.9bNOK 1.3b21.6x21.4x0.7x
Sun, 19 Mar 2023NOK 24.7bNOK 40.9bNOK 1.3b19.4x19.5x0.6x
Tue, 14 Feb 2023NOK 25.1bNOK 40.7bNOK 1.2b20.5x20.4x0.6x
Thu, 12 Jan 2023NOK 24.7bNOK 51.7bNOK 1.2b19.8x20.1x0.5x
Sat, 10 Dec 2022NOK 24.7bNOK 51.7bNOK 1.2b19.4x20x0.5x
Mon, 07 Nov 2022NOK 24.2bNOK 51.4bNOK 1.2b18.5x20.3x0.5x
Wed, 05 Oct 2022NOK 22.4bNOK 49.8bNOK 1.2b19.1x18.9x0.4x
Fri, 02 Sep 2022NOK 24.0bNOK 49.8bNOK 1.2b20.7x20.3x0.5x
Sun, 31 Jul 2022NOK 25.3bNOK 49.5bNOK 1.2b21.1x21.4x0.5x
Tue, 28 Jun 2022NOK 22.9bNOK 48.6bNOK 1.1b21x20.8x0.5x
Thu, 26 May 2022NOK 24.0bNOK 48.6bNOK 1.1b21.8x21.9x0.5x
Sat, 23 Apr 2022NOK 26.9bNOK 48.5bNOK 1.1b21x24.7x0.6x
Mon, 21 Mar 2022NOK 28.1bNOK 48.4bNOK 1.1b20.5x24.9x0.6x
Wed, 16 Feb 2022NOK 28.4bNOK 48.2bNOK 1.1b23.7x26.5x0.6x
Fri, 14 Jan 2022NOK 32.6bNOK 48.0bNOK 1.0b26.2x31.1x0.7x
Sun, 12 Dec 2021NOK 32.9bNOK 47.4bNOK 1.2b27.3x28.2x0.7x
Tue, 09 Nov 2021NOK 33.1bNOK 47.2bNOK 1.2b28.6x27.6x0.7x
Thu, 07 Oct 2021NOK 31.6bNOK 46.8bNOK 1.2b25x27.1x0.7x
Sat, 04 Sep 2021NOK 33.2bNOK 46.8bNOK 1.2b26.8x28.5x0.7x
Mon, 02 Aug 2021NOK 32.8bNOK 46.8bNOK 1.2b26.2x28.2x0.7x
Price to Earnings Ratio

28.2x


Total Market Cap: NOK 32.8bTotal Earnings: NOK 1.2bTotal Revenue: NOK 46.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 22.3x202220232024
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 22.3x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% 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-1.27%
Tech-3.28%
IT-0.11%
Internet Services and Infrastructure0%
Data Processing Services0%
IT Consulting-0.11%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 22.3x.
    • Analysts are expecting annual earnings growth of 20.4%, which is higher than its past year's earnings decline of 22.3% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 22.3x.
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 decline of 22% 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
ATEA AteaNOK 140.801.1%
+NOK 178.7m		3.1%PE20.7x
CYVIZ CyvizNOK 31.001.6%
+NOK 6.4m		-13.6%PE142x
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Latest News

ATEA

NOK 140.80

Atea

7D

1.1%

1Y

3.1%

Atea (OB:ATEA) Will Pay A Dividend Of NOK3.50

Jul 23
Atea (OB:ATEA) Will Pay A Dividend Of NOK3.50

ARR

NOK 4.25

Arribatec Group

7D

-3.4%

1Y

-26.7%

ECIT

NOK 7.40

ECIT

7D

-2.6%

1Y

-14.9%

WSTEP

NOK 21.50

Webstep

7D

-6.1%

1Y

-18.6%

BOUV

NOK 61.20

Bouvet

7D

-4.5%

1Y

-1.3%

CYVIZ

NOK 31.00

Cyviz

7D

1.6%

1Y

-13.6%