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Norwegian (OSEAX) IT Consulting Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.9%
  • 3M-2.2%
  • 1Y-3.5%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 1.9%, driven by a pullback from Atea of 3.1%. Meanwhile, Arribatec Group actually outperformed within the industry, gaining 11% in the last week. However, the industry is down 3.5% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026NOK 25.5bNOK 43.6bNOK 1.2b21.5x20.8x0.6x
Mon, 29 Dec 2025NOK 25.8bNOK 43.6bNOK 1.2b21.7x21x0.6x
Wed, 26 Nov 2025NOK 24.8bNOK 43.6bNOK 1.2b20.6x20.2x0.6x
Fri, 24 Oct 2025NOK 25.3bNOK 43.2bNOK 1.2b19.5x21.6x0.6x
Sun, 21 Sep 2025NOK 25.1bNOK 43.2bNOK 1.2b19.3x21.5x0.6x
Tue, 19 Aug 2025NOK 25.8bNOK 43.2bNOK 1.2b21.1x21.6x0.6x
Thu, 17 Jul 2025NOK 26.4bNOK 42.5bNOK 1.2b21.1x22.6x0.6x
Sat, 14 Jun 2025NOK 26.8bNOK 42.5bNOK 1.2b22.5x22.9x0.6x
Mon, 12 May 2025NOK 26.7bNOK 42.3bNOK 1.1b21.3x23.2x0.6x
Wed, 09 Apr 2025NOK 23.8bNOK 41.4bNOK 1.2b19.7x20.2x0.6x
Fri, 07 Mar 2025NOK 24.4bNOK 41.4bNOK 1.2b19.5x20.7x0.6x
Sun, 02 Feb 2025NOK 26.2bNOK 40.2bNOK 1.2b21.5x22.8x0.7x
Tue, 31 Dec 2024NOK 25.4bNOK 40.2bNOK 1.2b20.7x22.1x0.6x
Thu, 28 Nov 2024NOK 24.2bNOK 40.2bNOK 1.2b19.5x21x0.6x
Sat, 26 Oct 2024NOK 24.6bNOK 40.1bNOK 1.1b19.8x21.5x0.6x
Mon, 23 Sep 2024NOK 30.1bNOK 43.4bNOK 1.2b21.3x24.4x0.7x
Wed, 21 Aug 2024NOK 28.9bNOK 43.3bNOK 1.2b32.7x24x0.7x
Fri, 19 Jul 2024NOK 27.7bNOK 43.3bNOK 1.2b27.1x22.9x0.6x
Sun, 16 Jun 2024NOK 29.4bNOK 43.8bNOK 1.3b27.8x23.2x0.7x
Tue, 14 May 2024NOK 27.9bNOK 43.7bNOK 1.3b26.2x22x0.6x
Thu, 11 Apr 2024NOK 26.5bNOK 44.7bNOK 1.3b24.2x20.8x0.6x
Sat, 09 Mar 2024NOK 25.9bNOK 44.7bNOK 1.3b24.4x20.3x0.6x
Mon, 05 Feb 2024NOK 27.6bNOK 44.8bNOK 1.3b18x20.6x0.6x
Wed, 03 Jan 2024NOK 26.3bNOK 44.8bNOK 1.3b17x19.6x0.6x
Fri, 01 Dec 2023NOK 25.2bNOK 44.8bNOK 1.3b15.9x18.8x0.6x
Sun, 29 Oct 2023NOK 23.8bNOK 44.6bNOK 1.3b16.1x17.6x0.5x
Tue, 26 Sep 2023NOK 26.7bNOK 44.9bNOK 1.4b17.3x19.5x0.6x
Thu, 24 Aug 2023NOK 26.9bNOK 44.6bNOK 1.4b19x19.8x0.6x
Sat, 22 Jul 2023NOK 27.9bNOK 44.5bNOK 1.3b19.1x20.7x0.6x
Mon, 19 Jun 2023NOK 32.0bNOK 43.2bNOK 1.4b21.7x23.3x0.7x
Wed, 17 May 2023NOK 30.2bNOK 43.0bNOK 1.4b21.9x22.1x0.7x
Fri, 14 Apr 2023NOK 27.4bNOK 40.9bNOK 1.3b21.2x21.6x0.7x
Sun, 12 Mar 2023NOK 25.2bNOK 40.9bNOK 1.2b19.5x20.1x0.6x
Tue, 07 Feb 2023NOK 24.5bNOK 51.7bNOK 1.2b19.8x19.9x0.5x
Price to Earnings Ratio

19.9x


Total Market Cap: NOK 24.5bTotal Earnings: NOK 1.2bTotal Revenue: NOK 51.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Consulting Industry Price to Earnings3Y Average 21.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Norwegian IT Consulting and Other Services 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 0.62x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 5.6% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Comparison

How does Norwegian IT Consulting compare with similar industries?

NO Market1.36%
Tech-1.87%
IT-1.90%
IT Consulting-1.90%
Data Processing Services0%0
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
ARR Arribatec GroupNOK 9.4410.8%
+NOK 61.4m		244.5%PS1x
ITERA IteraNOK 8.002.6%
+NOK 16.3m		-10.5%PE25.6x
WSTEP WebstepNOK 18.801.6%
+NOK 8.2m		-18.3%PE10.5x

Latest News

BOUV
NOK 58.20
Bouvet
7D
-0.2%
1Y
-28.1%
ATEA
NOK 154.00
Atea
7D
-3.1%
1Y
6.8%
CYVIZ
NOK 39.00
Cyviz
7D
-2.3%
1Y
18.2%
WSTEP
NOK 18.80
Webstep
7D
1.6%
1Y
-18.3%
ITERA
NOK 8.00
Itera
7D
2.6%
1Y
-10.5%
ARR
NOK 9.44
Arribatec Group
7D
10.8%
1Y
244.5%

ARR: Upcoming Stock Split Will Support Future Upside Despite Margin Headwinds

Analysts have modestly adjusted their price target on Arribatec Group upward, citing slightly higher long term valuation multiples despite a small downgrade to projected profit margins. This results in a new target equivalent to approximately NOK 60.00 per share.