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Norwegian (OSEAX) IT Consulting Industry Analysis

UpdatedFeb 14, 2024
DataAggregated Company Financials
Companies7
  • 7D-5.8%
  • 3M0.3%
  • 1Y3.0%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 5.8%, driven by a pullback from Atea of 7.7%. Over the past 12 months, the industry was up 3.0%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Feb 2024kr26.2bkr44.4bkr1.3b18.4x20.1x0.6x
Fri, 12 Jan 2024kr26.6bkr44.8bkr1.3b17.5x19.8x0.6x
Sun, 10 Dec 2023kr24.9bkr44.8bkr1.3b15.7x18.6x0.6x
Tue, 07 Nov 2023kr24.9bkr44.6bkr1.4b16.6x18.2x0.6x
Thu, 05 Oct 2023kr26.4bkr44.9bkr1.4b16.9x19.3x0.6x
Sat, 02 Sep 2023kr26.8bkr44.8bkr1.4b17.5x19.6x0.6x
Mon, 31 Jul 2023kr28.2bkr44.5bkr1.3b19.1x21x0.6x
Wed, 28 Jun 2023kr30.5bkr43.2bkr1.4b20.4x22.2x0.7x
Fri, 26 May 2023kr30.1bkr43.2bkr1.4b21.5x21.9x0.7x
Sun, 23 Apr 2023kr26.9bkr40.9bkr1.3b21.8x21.2x0.7x
Tue, 21 Mar 2023kr25.1bkr40.9bkr1.3b19x19.7x0.6x
Thu, 16 Feb 2023kr25.3bkr40.7bkr1.2b21.2x20.6x0.6x
Sat, 14 Jan 2023kr24.7bkr51.7bkr1.2b20.2x20.1x0.5x
Mon, 12 Dec 2022kr24.7bkr51.7bkr1.2b19.4x20x0.5x
Wed, 09 Nov 2022kr24.6bkr51.4bkr1.2b18.5x20.6x0.5x
Fri, 07 Oct 2022kr22.7bkr49.8bkr1.2b19.6x19.1x0.5x
Sun, 04 Sep 2022kr24.0bkr49.8bkr1.2b20.9x20.3x0.5x
Tue, 02 Aug 2022kr25.6bkr49.5bkr1.2b21.3x21.7x0.5x
Thu, 30 Jun 2022kr22.9bkr48.6bkr1.1b20.9x20.8x0.5x
Sat, 28 May 2022kr24.6bkr48.6bkr1.1b22.6x22.4x0.5x
Mon, 25 Apr 2022kr26.9bkr48.5bkr1.1b21x24.7x0.6x
Wed, 23 Mar 2022kr28.7bkr48.4bkr1.1b21.7x25.5x0.6x
Fri, 18 Feb 2022kr28.7bkr48.2bkr1.1b24.7x26.8x0.6x
Sun, 16 Jan 2022kr32.5bkr48.0bkr1.0b26.2x31x0.7x
Tue, 14 Dec 2021kr32.4bkr47.4bkr1.2b26.6x27.8x0.7x
Thu, 11 Nov 2021kr33.4bkr47.2bkr1.2b28.5x27.8x0.7x
Sat, 09 Oct 2021kr31.5bkr46.8bkr1.2b25.6x27.1x0.7x
Mon, 06 Sep 2021kr33.4bkr46.8bkr1.2b26.8x28.7x0.7x
Wed, 04 Aug 2021kr32.9bkr46.8bkr1.2b26.6x28.2x0.7x
Sat, 08 May 2021kr28.4bkr44.2bkr1.0b24.2x27.2x0.6x
Price to Earnings Ratio

28.8x


Total Market Cap: kr26.4bTotal Earnings: kr916.5mTotal Revenue: kr43.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Consulting Industry Price to Earnings3Y Average 23.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian IT Consulting and Other Services 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 20.1x which is lower than its 3-year average PE of 23.1x.
  • 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 Consulting and Other Services industry have grown 12% 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 Comparison

How does Norwegian IT Consulting compare with similar industries?

NO Market-3.20%
Tech2.78%
IT-5.80%
IT Consulting-5.80%
Internet Services and Infrastructure0%
Data Processing Services0%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WSTEP Webstepkr22.504.7%
+kr27.6m
-15.1%PE15.8x
ITERA Iterakr11.350.4%
+kr4.0m
-18.9%PE14.8x
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Latest News

CYVIZ

kr37.80

Cyviz

7D

-0.8%

1Y

1.1%

BOUV

kr60.40

Bouvet

7D

-0.5%

1Y

-4.6%

ATEA

kr129.00

Atea

7D

-7.6%

1Y

6.6%

ITERA

kr11.35

Itera

7D

0.4%

1Y

-18.9%

WSTEP

kr22.50

Webstep

7D

4.7%

1Y

-15.1%

ECIT

kr7.02

ECIT

7D

-6.1%

1Y

-1.1%