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Norwegian (OSEAX) IT Industry Analysis

UpdatedSep 01, 2024
DataAggregated Company Financials
Companies7
  • 7D4.2%
  • 3M4.2%
  • 1Y11.3%
  • YTD13.4%

Over the last 7 days, the IT industry has risen 4.2%, driven by gains in Bouvet and Atea of 9.8% and 3.6%, respectively. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Sep 2024NOK 30.0bNOK 43.4bNOK 1.2b21.2x24.3x0.7x
Tue, 30 Jul 2024NOK 28.2bNOK 43.3bNOK 1.2b28.2x23.3x0.7x
Thu, 27 Jun 2024NOK 29.5bNOK 43.8bNOK 1.3b27.9x23.3x0.7x
Sat, 25 May 2024NOK 28.5bNOK 43.8bNOK 1.3b26.6x22.5x0.7x
Mon, 22 Apr 2024NOK 26.3bNOK 44.7bNOK 1.3b24.2x20.6x0.6x
Wed, 20 Mar 2024NOK 26.3bNOK 44.7bNOK 1.3b25.4x20.6x0.6x
Fri, 16 Feb 2024NOK 26.2bNOK 44.4bNOK 1.3b18.1x20.1x0.6x
Sun, 14 Jan 2024NOK 26.8bNOK 44.8bNOK 1.3b17x20x0.6x
Tue, 12 Dec 2023NOK 25.2bNOK 44.8bNOK 1.3b15.9x18.8x0.6x
Thu, 09 Nov 2023NOK 24.9bNOK 44.6bNOK 1.4b16.7x18.3x0.6x
Sat, 07 Oct 2023NOK 26.0bNOK 44.9bNOK 1.4b16.8x19x0.6x
Mon, 04 Sep 2023NOK 26.8bNOK 44.9bNOK 1.4b17.5x19.6x0.6x
Wed, 02 Aug 2023NOK 28.5bNOK 44.5bNOK 1.3b19.5x21.2x0.6x
Fri, 30 Jun 2023NOK 30.6bNOK 43.2bNOK 1.4b20.6x22.3x0.7x
Sun, 28 May 2023NOK 29.5bNOK 43.2bNOK 1.4b21.1x21.5x0.7x
Tue, 25 Apr 2023NOK 27.2bNOK 40.9bNOK 1.3b21.6x21.4x0.7x
Thu, 23 Mar 2023NOK 25.1bNOK 40.9bNOK 1.3b19.3x19.8x0.6x
Sat, 18 Feb 2023NOK 26.0bNOK 40.7bNOK 1.2b18.1x20.8x0.6x
Mon, 16 Jan 2023NOK 24.7bNOK 51.7bNOK 1.2b20.2x20.1x0.5x
Wed, 14 Dec 2022NOK 24.8bNOK 51.7bNOK 1.2b19.8x20.1x0.5x
Fri, 11 Nov 2022NOK 24.9bNOK 51.4bNOK 1.2b20.4x20.8x0.5x
Sun, 09 Oct 2022NOK 22.3bNOK 49.8bNOK 1.2b19x18.9x0.4x
Tue, 06 Sep 2022NOK 23.9bNOK 49.8bNOK 1.2b20.8x20.2x0.5x
Thu, 04 Aug 2022NOK 25.4bNOK 49.5bNOK 1.2b20.9x21.5x0.5x
Sat, 02 Jul 2022NOK 23.0bNOK 48.6bNOK 1.1b20.6x20.9x0.5x
Mon, 30 May 2022NOK 24.6bNOK 48.6bNOK 1.1b22.6x22.4x0.5x
Wed, 27 Apr 2022NOK 26.2bNOK 48.5bNOK 1.1b20.8x24.1x0.5x
Fri, 25 Mar 2022NOK 28.1bNOK 48.4bNOK 1.1b21.9x24.9x0.6x
Sun, 20 Feb 2022NOK 28.3bNOK 48.3bNOK 1.1b23.5x25.9x0.6x
Tue, 18 Jan 2022NOK 32.5bNOK 48.0bNOK 1.0b26.2x31x0.7x
Thu, 16 Dec 2021NOK 31.6bNOK 47.4bNOK 1.2b26.8x27.2x0.7x
Sat, 13 Nov 2021NOK 33.7bNOK 47.2bNOK 1.2b28.6x28.1x0.7x
Mon, 11 Oct 2021NOK 31.5bNOK 46.8bNOK 1.2b25.6x27.1x0.7x
Wed, 08 Sep 2021NOK 32.5bNOK 46.8bNOK 1.2b25.9x28x0.7x
Price to Earnings Ratio

28x


Total Market Cap: NOK 32.5bTotal Earnings: NOK 1.2bTotal Revenue: NOK 46.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian IT Industry Price to Earnings3Y Average 22.2x202220232024
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 22.2x.
  • 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 2.4% 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 Market0.29%
Tech2.99%
IT4.24%
IT Consulting4.24%
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 22.2x.
    • Analysts are expecting annual earnings growth of 21.1%, which is higher than its past year's earnings decline of 14.7% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 22.2x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 21% 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
BOUV BouvetNOK 70.509.8%
+NOK 647.7m		23.3%PE20.1x
ATEA AteaNOK 144.803.6%
+NOK 558.3m		9.9%PE21.2x
ECIT ECITNOK 9.480.9%
+NOK 37.3m		17.0%PE44.6x
CYVIZ CyvizNOK 31.500.3%
+NOK 1.3m		-10.0%PS0.8x
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Latest News

ATEA

NOK 144.80

Atea

7D

3.6%

1Y

9.9%

Atea ASA's (OB:ATEA) Shareholders Might Be Looking For Exit

Aug 31
Atea ASA's (OB:ATEA) Shareholders Might Be Looking For Exit

BOUV

NOK 70.50

Bouvet

7D

9.8%

1Y

23.3%

CYVIZ

NOK 31.50

Cyviz

7D

0.3%

1Y

-10.0%

WSTEP

NOK 22.70

Webstep

7D

-0.9%

1Y

-9.2%

ITERA

NOK 11.35

Itera

7D

-1.3%

1Y

-15.0%

ARR

NOK 2.93

Arribatec Group

7D

-2.7%

1Y

-42.0%

ECIT

NOK 9.48

ECIT

7D

0.9%

1Y

17.0%