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Norwegian (OSEAX) IT Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.6%
  • 3M6.3%
  • 1Y-7.1%
  • YTD-3.0%

The IT industry has been flat over the last week, but Bouvet has lost 3.7%. Unfortunately though, the industry is down 7.1% over the past 12 months. Looking forward, earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026NOK 24.8bNOK 45.1bNOK 1.5b14x16.6x0.6x
Mon, 04 May 2026NOK 24.7bNOK 45.2bNOK 1.5b15.7x16x0.5x
Wed, 01 Apr 2026NOK 22.9bNOK 44.1bNOK 1.3b17.9x17.1x0.5x
Fri, 27 Feb 2026NOK 23.4bNOK 44.2bNOK 1.3b18.3x18x0.5x
Sun, 25 Jan 2026NOK 26.0bNOK 43.6bNOK 1.2b22.2x21.2x0.6x
Tue, 23 Dec 2025NOK 25.9bNOK 43.6bNOK 1.2b21.8x21.1x0.6x
Thu, 20 Nov 2025NOK 24.3bNOK 43.6bNOK 1.2b20.2x19.8x0.6x
Sat, 18 Oct 2025NOK 24.6bNOK 43.2bNOK 1.2b18.9x21x0.6x
Mon, 15 Sep 2025NOK 24.8bNOK 43.2bNOK 1.2b19.2x21.2x0.6x
Wed, 13 Aug 2025NOK 25.5bNOK 43.2bNOK 1.2b20.5x21.4x0.6x
Fri, 11 Jul 2025NOK 27.7bNOK 42.5bNOK 1.2b20.9x23.6x0.7x
Sun, 08 Jun 2025NOK 26.7bNOK 42.5bNOK 1.2b22.3x22.8x0.6x
Tue, 06 May 2025NOK 26.7bNOK 42.3bNOK 1.1b21.3x23.2x0.6x
Thu, 03 Apr 2025NOK 24.1bNOK 41.4bNOK 1.2b19.6x20.5x0.6x
Sat, 01 Mar 2025NOK 24.3bNOK 41.4bNOK 1.2b19.2x19.9x0.6x
Mon, 27 Jan 2025NOK 25.2bNOK 40.2bNOK 1.2b20.9x21.9x0.6x
Wed, 25 Dec 2024NOK 24.9bNOK 40.2bNOK 1.2b20.1x21.6x0.6x
Fri, 22 Nov 2024NOK 23.8bNOK 40.2bNOK 1.2b19.4x20.7x0.6x
Sun, 20 Oct 2024NOK 24.6bNOK 39.9bNOK 1.1b20x21.7x0.6x
Tue, 17 Sep 2024NOK 29.6bNOK 43.4bNOK 1.2b20.6x24x0.7x
Thu, 15 Aug 2024NOK 29.2bNOK 43.3bNOK 1.2b32.8x24.1x0.7x
Sat, 13 Jul 2024NOK 28.2bNOK 43.8bNOK 1.3b28x22.2x0.6x
Mon, 10 Jun 2024NOK 28.8bNOK 43.8bNOK 1.3b27.3x22.8x0.7x
Wed, 08 May 2024NOK 27.3bNOK 43.6bNOK 1.3b24.6x21.3x0.6x
Fri, 05 Apr 2024NOK 26.2bNOK 44.7bNOK 1.3b24.3x20.6x0.6x
Sun, 03 Mar 2024NOK 26.1bNOK 44.7bNOK 1.3b24.5x20.4x0.6x
Tue, 30 Jan 2024NOK 27.9bNOK 44.8bNOK 1.3b18.3x20.7x0.6x
Thu, 28 Dec 2023NOK 26.6bNOK 44.8bNOK 1.3b16.9x19.8x0.6x
Sat, 25 Nov 2023NOK 25.4bNOK 44.8bNOK 1.3b15.9x18.9x0.6x
Mon, 23 Oct 2023NOK 24.8bNOK 44.6bNOK 1.4b16.3x18.3x0.6x
Wed, 20 Sep 2023NOK 26.9bNOK 44.9bNOK 1.4b17.7x19.7x0.6x
Fri, 18 Aug 2023NOK 27.7bNOK 44.5bNOK 1.3b19.2x20.6x0.6x
Sun, 16 Jul 2023NOK 29.5bNOK 43.2bNOK 1.4b19.4x21.5x0.7x
Tue, 13 Jun 2023NOK 30.9bNOK 43.2bNOK 1.4b21.5x22.5x0.7x
Price to Earnings Ratio

22.5x


Total Market Cap: NOK 30.9bTotal Earnings: NOK 1.4bTotal Revenue: NOK 43.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 20.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.6x which is lower than its 3-year average PE of 20.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 3.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Norwegian Tech industry?

NO Market0.24%
Tech-3.55%
IT-0.61%
Data Processing Services0%0
IT Consulting-0.61%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings decline of 21.2% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 20.9x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 9.1% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.1% 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 166.400.5%
+NOK 89.0m		11.5%PE16.8x

Latest News

ARR
NOK 5.62
Arribatec Group
7D
-6.3%
1Y
9.3%
Narrative Update • Jun 05

ARR: Buybacks And Incoming CFO Will Support Repricing Potential

Analysts have adjusted their fair value assumptions, margin outlook and future P/E expectations for Arribatec Group. This has resulted in a revised price target for the stock in NOK that reflects updated views on its risk profile and earnings potential.
ATEA
NOK 166.40
Atea
7D
0.5%
1Y
11.5%
Narrative Update • Jun 01

ATEA: 2026 Split Dividend Plan Will Support A Steady Fair Value Outlook

Analysts now maintain their price target for Atea at NOK 170, noting only modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, without changing the headline valuation. What's in the News The Board of Directors recommends an ordinary dividend of NOK 7.50 per share for 2026, to be paid in two equal installments of NOK 3.75 per share in May and November 2026, subject to approval at the Annual General Meeting on 28 April 2026.
CYVIZ
NOK 27.50
Cyviz
7D
-3.5%
1Y
-15.4%
ITERA
NOK 6.30
Itera
7D
-3.1%
1Y
-37.0%
BOUV
NOK 45.65
Bouvet
7D
-3.7%
1Y
-40.9%
Analysis Article • May 16

Bouvet ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Bouvet ASA ( OB:BOUV ) just released its latest quarterly report and things are not looking great. Bouvet missed...
WSTEP
NOK 14.95
Webstep
7D
-2.0%
1Y
-38.7%