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Norwegian (OSEAX) IT Industry Analysis

UpdatedJul 06, 2025
DataAggregated Company Financials
Companies6
  • 7D-1.4%
  • 3M16.7%
  • 1Y-0.5%
  • YTD7.2%

Over the last 7 days, the IT industry has dropped 1.4%, driven by a pullback from Atea of 2.8%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 07 Jul 2025NOK 27.3bNOK 42.5bNOK 1.2b21.4x23.4x0.6x
Wed, 04 Jun 2025NOK 26.1bNOK 42.5bNOK 1.2b21.8x22.3x0.6x
Fri, 02 May 2025NOK 26.0bNOK 42.3bNOK 1.1b21.2x22.6x0.6x
Sun, 30 Mar 2025NOK 24.1bNOK 41.4bNOK 1.2b19.7x20.5x0.6x
Tue, 25 Feb 2025NOK 24.6bNOK 41.4bNOK 1.2b19.8x20.2x0.6x
Thu, 23 Jan 2025NOK 25.4bNOK 40.2bNOK 1.2b21.3x22.1x0.6x
Sat, 21 Dec 2024NOK 25.0bNOK 40.2bNOK 1.2b20.3x21.7x0.6x
Mon, 18 Nov 2024NOK 24.7bNOK 40.2bNOK 1.1b20.1x21.6x0.6x
Wed, 16 Oct 2024NOK 29.2bNOK 43.4bNOK 1.2b20.5x23.7x0.7x
Fri, 13 Sep 2024NOK 30.0bNOK 43.4bNOK 1.2b21.2x24.3x0.7x
Sun, 11 Aug 2024NOK 28.5bNOK 43.3bNOK 1.2b32.7x23.5x0.7x
Tue, 09 Jul 2024NOK 29.1bNOK 43.8bNOK 1.3b27.9x23x0.7x
Thu, 06 Jun 2024NOK 28.6bNOK 43.8bNOK 1.3b26.5x22.5x0.7x
Sat, 04 May 2024NOK 27.6bNOK 43.6bNOK 1.3b24.6x21.6x0.6x
Mon, 01 Apr 2024NOK 26.3bNOK 44.7bNOK 1.3b24.3x20.6x0.6x
Wed, 28 Feb 2024NOK 25.9bNOK 44.6bNOK 1.3b25x20.3x0.6x
Fri, 26 Jan 2024NOK 28.0bNOK 44.8bNOK 1.3b18.4x20.8x0.6x
Sun, 24 Dec 2023NOK 26.1bNOK 44.8bNOK 1.3b16.4x19.4x0.6x
Tue, 21 Nov 2023NOK 25.2bNOK 44.8bNOK 1.3b15.9x18.8x0.6x
Thu, 19 Oct 2023NOK 26.4bNOK 44.9bNOK 1.4b17.2x19.3x0.6x
Sat, 16 Sep 2023NOK 26.7bNOK 44.9bNOK 1.4b17.4x19.6x0.6x
Mon, 14 Aug 2023NOK 27.8bNOK 44.5bNOK 1.3b19.4x20.7x0.6x
Wed, 12 Jul 2023NOK 29.7bNOK 43.2bNOK 1.4b19.9x21.6x0.7x
Fri, 09 Jun 2023NOK 30.7bNOK 43.2bNOK 1.4b21.3x22.3x0.7x
Sun, 07 May 2023NOK 29.0bNOK 42.7bNOK 1.3b20.9x22.1x0.7x
Tue, 04 Apr 2023NOK 26.7bNOK 40.9bNOK 1.3b21.5x21x0.7x
Thu, 02 Mar 2023NOK 25.5bNOK 40.8bNOK 1.3b17.8x20.3x0.6x
Sat, 28 Jan 2023NOK 24.3bNOK 51.7bNOK 1.2b19.7x19.7x0.5x
Mon, 26 Dec 2022NOK 24.3bNOK 51.7bNOK 1.2b20.1x19.8x0.5x
Wed, 23 Nov 2022NOK 24.9bNOK 51.7bNOK 1.2b18.2x20.3x0.5x
Fri, 21 Oct 2022NOK 22.5bNOK 49.8bNOK 1.2b18.7x19x0.5x
Sun, 18 Sep 2022NOK 22.4bNOK 49.8bNOK 1.2b19.4x18.9x0.4x
Tue, 16 Aug 2022NOK 25.4bNOK 49.5bNOK 1.2b20.9x21.5x0.5x
Thu, 14 Jul 2022NOK 23.3bNOK 48.6bNOK 1.1b21.5x21.2x0.5x
Price to Earnings Ratio

21.2x


Total Market Cap: NOK 23.3bTotal Earnings: NOK 1.1bTotal Revenue: NOK 48.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 21.1x202320242025
Current Industry PE
  • Investors are optimistic on the Norwegian IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.5x which is higher than its 3-year average PE of 21.1x.
  • 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 industry have grown 2.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.4% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

NO Market1.51%
Tech1.16%
IT-1.42%
Data Processing Services0%0
IT Consulting-1.42%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 21.1x.
    • Analysts are expecting annual earnings growth of 18.2%, which is lower than the prior year's growth of 22.3% per year.
  • Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.1x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 18% 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
ARR Arribatec GroupNOK 0.5513.3%
+NOK 30.8m		-86.7%PS0.4x
WSTEP WebstepNOK 25.001.6%
+NOK 10.9m		10.6%PE13.6x

Latest News

ARR
NOK 0.55
Arribatec Group
7D
13.3%
1Y
-86.7%

Investors Aren't Entirely Convinced By Arribatec Group ASA's (OB:ARR) Revenues

Jul 07
Investors Aren't Entirely Convinced By Arribatec Group ASA's (OB:ARR) Revenues
ATEA
NOK 152.60
Atea
7D
-4.1%
1Y
1.3%

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

May 29
Atea's (OB:ATEA) Dividend Will Be NOK3.50
ITERA
NOK 9.30
Itera
7D
-1.3%
1Y
-19.1%

Here's Why It's Unlikely That Itera ASA's (OB:ITERA) CEO Will See A Pay Rise This Year

May 21
Here's Why It's Unlikely That Itera ASA's (OB:ITERA) CEO Will See A Pay Rise This Year
CYVIZ
NOK 33.80
Cyviz
7D
-2.0%
1Y
5.6%
WSTEP
NOK 25.00
Webstep
7D
1.6%
1Y
10.6%