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Norwegian (OSEAX) IT Industry Analysis

UpdatedAug 17, 2024
DataAggregated Company Financials
Companies7
  • 7D1.7%
  • 3M2.5%
  • 1Y4.6%
  • YTD9.5%

In the last week, IT has been flat. The past year has been better, since the industry has gained 3.2% in that time. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Aug 2024NOK 29.0bNOK 43.3bNOK 1.2b32.6x24.1x0.7x
Mon, 15 Jul 2024NOK 28.2bNOK 43.3bNOK 1.2b28.2x23.3x0.7x
Wed, 12 Jun 2024NOK 29.6bNOK 43.8bNOK 1.3b27.5x23.3x0.7x
Fri, 10 May 2024NOK 27.9bNOK 43.7bNOK 1.3b26.2x22x0.6x
Sun, 07 Apr 2024NOK 26.5bNOK 44.7bNOK 1.3b24.1x20.7x0.6x
Tue, 05 Mar 2024NOK 25.8bNOK 44.7bNOK 1.3b24.8x20.2x0.6x
Thu, 01 Feb 2024NOK 27.8bNOK 44.8bNOK 1.3b18.3x20.7x0.6x
Sat, 30 Dec 2023NOK 26.6bNOK 44.8bNOK 1.3b16.9x19.8x0.6x
Mon, 27 Nov 2023NOK 25.4bNOK 44.8bNOK 1.3b15.9x18.9x0.6x
Wed, 25 Oct 2023NOK 24.4bNOK 44.6bNOK 1.4b16.1x18.1x0.5x
Fri, 22 Sep 2023NOK 27.0bNOK 44.9bNOK 1.4b17.6x19.8x0.6x
Sun, 20 Aug 2023NOK 27.5bNOK 44.5bNOK 1.4b19x20.2x0.6x
Tue, 18 Jul 2023NOK 29.6bNOK 43.2bNOK 1.4b19.5x21.5x0.7x
Thu, 15 Jun 2023NOK 31.2bNOK 43.2bNOK 1.4b21.8x22.7x0.7x
Sat, 13 May 2023NOK 29.8bNOK 43.0bNOK 1.3b21.3x22.3x0.7x
Mon, 10 Apr 2023NOK 27.1bNOK 40.9bNOK 1.3b21.5x21.4x0.7x
Wed, 08 Mar 2023NOK 25.3bNOK 40.8bNOK 1.3b17.2x20.2x0.6x
Fri, 03 Feb 2023NOK 24.7bNOK 51.7bNOK 1.2b20x20x0.5x
Sun, 01 Jan 2023NOK 24.5bNOK 51.7bNOK 1.2b20.1x19.9x0.5x
Tue, 29 Nov 2022NOK 24.6bNOK 51.7bNOK 1.2b18.2x20x0.5x
Thu, 27 Oct 2022NOK 23.3bNOK 51.4bNOK 1.2b18.4x19.5x0.5x
Sat, 24 Sep 2022NOK 22.0bNOK 49.8bNOK 1.2b19.9x18.6x0.4x
Mon, 22 Aug 2022NOK 25.2bNOK 49.6bNOK 1.2b21.2x21.6x0.5x
Wed, 20 Jul 2022NOK 23.7bNOK 49.5bNOK 1.2b21.6x20.1x0.5x
Fri, 17 Jun 2022NOK 21.6bNOK 48.6bNOK 1.1b19.9x19.7x0.4x
Sun, 15 May 2022NOK 24.2bNOK 48.4bNOK 1.1b21.7x22x0.5x
Tue, 12 Apr 2022NOK 26.7bNOK 48.5bNOK 1.1b20.6x24.6x0.6x
Thu, 10 Mar 2022NOK 26.9bNOK 48.4bNOK 1.1b21.2x23.9x0.6x
Sat, 05 Feb 2022NOK 30.9bNOK 48.0bNOK 1.0b25.9x29.5x0.6x
Mon, 03 Jan 2022NOK 33.6bNOK 47.7bNOK 1.1b27.4x29.7x0.7x
Wed, 01 Dec 2021NOK 33.6bNOK 47.4bNOK 1.2b28.4x28.8x0.7x
Fri, 29 Oct 2021NOK 32.1bNOK 47.1bNOK 1.2b25.4x26.7x0.7x
Sun, 26 Sep 2021NOK 32.0bNOK 46.8bNOK 1.2b25.7x27.5x0.7x
Tue, 24 Aug 2021NOK 32.9bNOK 46.8bNOK 1.2b27x28.2x0.7x
Price to Earnings Ratio

28.2x


Total Market Cap: NOK 32.9bTotal 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 Market1.31%
Tech3.31%
IT1.70%
IT Consulting1.70%
Internet Services and Infrastructure0%
Data Processing Services0%
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 20.3%, 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 141.402.0%
+NOK 312.6m		7.0%PE20.7x
BOUV BouvetNOK 64.204.1%
+NOK 257.0m		4.7%PE20.2x
WSTEP WebstepNOK 22.002.8%
+NOK 16.8m		-17.3%PE376.2x
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Latest News

ARR

NOK 3.45

Arribatec Group

7D

-13.8%

1Y

-41.0%

BOUV

NOK 64.20

Bouvet

7D

4.1%

1Y

4.7%

ATEA

NOK 141.40

Atea

7D

2.0%

1Y

7.0%

Atea's (OB:ATEA) Dividend Will Be NOK3.50

Aug 07
Atea's (OB:ATEA) Dividend Will Be NOK3.50

ECIT

NOK 9.46

ECIT

7D

-1.3%

1Y

14.8%

WSTEP

NOK 22.00

Webstep

7D

2.8%

1Y

-17.3%

CYVIZ

NOK 31.40

Cyviz

7D

-1.9%

1Y

-7.6%