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Norwegian (OSEAX) IT Consulting Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies6
  • 7D3.2%
  • 3M-6.9%
  • 1Y-3.8%
  • YTDn/a

In the last week, the IT Consulting industry is up 3.2%, with Atea up 3.8%. In the past year, the industry is down 3.8%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026NOK 23.9bNOK 44.1bNOK 1.3b18.8x18.3x0.5x
Fri, 20 Mar 2026NOK 23.0bNOK 44.1bNOK 1.3b17.9x17.2x0.5x
Sun, 15 Feb 2026NOK 23.0bNOK 44.2bNOK 1.3b17.9x17.6x0.5x
Tue, 13 Jan 2026NOK 26.2bNOK 43.6bNOK 1.2b22.4x21.4x0.6x
Thu, 11 Dec 2025NOK 25.7bNOK 43.6bNOK 1.2b21.6x20.9x0.6x
Sat, 08 Nov 2025NOK 25.0bNOK 43.6bNOK 1.2b18.6x20.4x0.6x
Mon, 06 Oct 2025NOK 24.8bNOK 43.2bNOK 1.2b19x21.3x0.6x
Wed, 03 Sep 2025NOK 24.4bNOK 43.2bNOK 1.2b18.8x20.9x0.6x
Fri, 01 Aug 2025NOK 25.8bNOK 43.2bNOK 1.2b20.8x21.7x0.6x
Sun, 29 Jun 2025NOK 27.7bNOK 42.5bNOK 1.2b21.4x23.7x0.7x
Tue, 27 May 2025NOK 26.4bNOK 42.4bNOK 1.2b21.7x22.8x0.6x
Thu, 24 Apr 2025NOK 24.9bNOK 41.4bNOK 1.2b20.8x21.1x0.6x
Sat, 22 Mar 2025NOK 24.4bNOK 41.4bNOK 1.2b19.9x20.7x0.6x
Mon, 17 Feb 2025NOK 24.9bNOK 41.3bNOK 1.2b19x20.5x0.6x
Wed, 15 Jan 2025NOK 25.1bNOK 40.2bNOK 1.2b20.6x21.8x0.6x
Fri, 13 Dec 2024NOK 25.4bNOK 40.2bNOK 1.2b20.5x22.1x0.6x
Sun, 10 Nov 2024NOK 24.3bNOK 40.1bNOK 1.1b19.8x21.5x0.6x
Tue, 08 Oct 2024NOK 28.1bNOK 43.4bNOK 1.2b19.3x22.8x0.6x
Thu, 05 Sep 2024NOK 30.2bNOK 43.4bNOK 1.2b21.3x24.5x0.7x
Sat, 03 Aug 2024NOK 29.1bNOK 43.3bNOK 1.2b33.2x24x0.7x
Mon, 01 Jul 2024NOK 29.3bNOK 43.8bNOK 1.3b27.9x23.1x0.7x
Wed, 29 May 2024NOK 28.6bNOK 43.8bNOK 1.3b26.7x22.6x0.7x
Fri, 26 Apr 2024NOK 27.3bNOK 43.6bNOK 1.3b23.9x21.1x0.6x
Sun, 24 Mar 2024NOK 26.0bNOK 44.7bNOK 1.3b24.3x20.4x0.6x
Tue, 20 Feb 2024NOK 26.4bNOK 44.6bNOK 1.3b25x20.7x0.6x
Thu, 18 Jan 2024NOK 26.6bNOK 44.8bNOK 1.3b17.3x19.8x0.6x
Sat, 16 Dec 2023NOK 26.0bNOK 44.8bNOK 1.3b16.3x19.3x0.6x
Mon, 13 Nov 2023NOK 25.1bNOK 44.8bNOK 1.3b16x18.7x0.6x
Wed, 11 Oct 2023NOK 26.8bNOK 44.9bNOK 1.4b17.4x19.6x0.6x
Fri, 08 Sep 2023NOK 26.5bNOK 44.9bNOK 1.4b17.6x19.4x0.6x
Sun, 06 Aug 2023NOK 27.9bNOK 44.5bNOK 1.3b19.2x20.7x0.6x
Tue, 04 Jul 2023NOK 30.4bNOK 43.2bNOK 1.4b20.8x22.1x0.7x
Thu, 01 Jun 2023NOK 29.7bNOK 43.2bNOK 1.4b21.2x21.6x0.7x
Sat, 29 Apr 2023NOK 29.0bNOK 42.7bNOK 1.3b21.9x22.1x0.7x
Price to Earnings Ratio

22.1x


Total Market Cap: NOK 29.0bTotal Earnings: NOK 1.3bTotal Revenue: NOK 42.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Consulting Industry Price to Earnings3Y Average 21.1x202420252026
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 18.3x which is lower than its 3-year average PE of 21.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • Both revenue and earnings for companies in the IT Consulting and Other Services industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

How does Norwegian IT Consulting compare with similar industries?

NO Market-2.36%
Tech2.81%
IT3.16%
IT Consulting3.16%
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
ATEA AteaNOK 147.002.7%
+NOK 422.9m		9.7%PE18.6x
BOUV BouvetNOK 52.802.7%
+NOK 143.3m		-32.0%PE15.1x

Latest News

BOUV
NOK 52.80
Bouvet
7D
2.7%
1Y
-32.0%
ARR
NOK 7.28
Arribatec Group
7D
-4.2%
1Y
90.6%

ARR: Future Margin Upside And New CFO Leadership Will Support Repricing

Analysts have reduced their Arribatec Group price target from NOK 60 to NOK 10, citing updated assumptions that reflect more moderate revenue growth, a slightly higher discount rate, stronger profit margin expectations, and a P/E multiple more in line with current sector norms. What's in the News Arribatec Group ASA announced that Group Chief Financial Officer Magnus Hofshagen will step down from his role effective March 31, 2026, after accepting a Chief Operating Officer position at Noventiq, an international IT services and solutions company (Key Developments).
ATEA
NOK 147.00
Atea
7D
2.7%
1Y
9.7%

ATEA: Anticipated 2026 Dividend Plan Will Support Further Share Upside

Analysts have kept Atea's fair value target broadly unchanged at NOK 165.0, with small tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s risk profile and earnings power. What's in the News The Board of Directors plans to propose an increase in the annual dividend to NOK 7.50 per share for approval at the 2026 AGM, corresponding to about 95% of Atea's net profit after tax in 2025 (Key Developments).
CYVIZ
NOK 32.00
Cyviz
7D
-3.0%
1Y
5.3%
ITERA
NOK 6.98
Itera
7D
-2.2%
1Y
-24.9%