TietoEVRY Oyj

OB:TIETO Stock Report

Market Cap: NOK 23.4b

TietoEVRY Oyj Valuation

Is TIETO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TIETO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TIETO (NOK198.1) is trading below our estimate of fair value (NOK372.71)

Significantly Below Fair Value: TIETO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TIETO?

Key metric: As TIETO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TIETO. This is calculated by dividing TIETO's market cap by their current earnings.
What is TIETO's PE Ratio?
PE Ratio12.4x
Earnings€160.00m
Market Cap€1.99b

Price to Earnings Ratio vs Peers

How does TIETO's PE Ratio compare to its peers?

The above table shows the PE ratio for TIETO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.3x
ATEA Atea
19.9x18.9%NOK 15.3b
BOUV Bouvet
20.8x7.7%NOK 7.8b
ITERA Itera
18x34.5%NOK 733.5m
WSTEP Webstep
62.4x43.2%NOK 614.5m
TIETO TietoEVRY Oyj
12.4x11.1%NOK 2.0b

Price-To-Earnings vs Peers: TIETO is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (30.3x).

Price to Earnings Ratio vs Industry

How does TIETO's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TIETO 12.4xIndustry Avg. 17.1xNo. of Companies27PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TIETO is good value based on its Price-To-Earnings Ratio (12.4x) compared to the European IT industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is TIETO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TIETO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: TIETO is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TIETO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 198.10
NOK 235.11
+18.7%
12.5%NOK 289.86NOK 187.38n/a10
Dec ’25NOK 196.80
NOK 235.11
+19.5%
12.5%NOK 289.86NOK 187.38n/a10
Nov ’25NOK 207.80
NOK 240.28
+15.6%
11.3%NOK 294.33NOK 202.17n/a10
Oct ’25NOK 217.40
NOK 248.77
+14.4%
11.5%NOK 307.21NOK 200.87n/a11
Sep ’25NOK 222.00
NOK 248.77
+12.1%
11.5%NOK 307.21NOK 200.87n/a11
Aug ’25NOK 219.40
NOK 253.17
+15.4%
11.5%NOK 311.02NOK 203.36n/a11
Jul ’25NOK 210.80
NOK 245.33
+16.4%
10.0%NOK 295.55NOK 215.98n/a11
Jun ’25NOK 210.00
NOK 256.00
+21.9%
10.5%NOK 301.93NOK 220.64n/a11
May ’25NOK 211.00
NOK 257.69
+22.1%
9.5%NOK 301.91NOK 224.08n/a10
Apr ’25NOK 226.00
NOK 270.32
+19.6%
11.7%NOK 330.08NOK 220.05n/a10
Mar ’25NOK 247.60
NOK 268.52
+8.4%
11.1%NOK 325.24NOK 216.83n/a10
Feb ’25NOK 251.00
NOK 275.29
+9.7%
12.0%NOK 337.47NOK 215.89n/a11
Jan ’25NOK 242.00
NOK 282.23
+16.6%
12.1%NOK 346.63NOK 221.75n/a11
Dec ’24NOK 235.00
NOK 282.23
+20.1%
12.1%NOK 346.63NOK 221.75NOK 196.8011
Nov ’24NOK 233.60
NOK 293.56
+25.7%
12.8%NOK 351.28NOK 224.72NOK 207.8010
Oct ’24NOK 242.00
NOK 311.43
+28.7%
10.5%NOK 365.71NOK 241.51NOK 217.4010
Sep ’24NOK 262.80
NOK 305.55
+16.3%
10.0%NOK 356.18NOK 235.21NOK 222.0010
Aug ’24NOK 257.60
NOK 321.15
+24.7%
8.2%NOK 378.09NOK 289.13NOK 219.4010
Jul ’24NOK 295.20
NOK 372.36
+26.1%
7.9%NOK 422.54NOK 322.77NOK 210.8010
Jun ’24NOK 307.20
NOK 367.60
+19.7%
7.7%NOK 415.17NOK 317.14NOK 210.0010
May ’24NOK 340.40
NOK 374.64
+10.1%
8.2%NOK 423.12NOK 323.22NOK 211.0010
Apr ’24NOK 325.00
NOK 345.25
+6.2%
9.7%NOK 393.64NOK 284.29NOK 226.0010
Mar ’24NOK 335.20
NOK 345.25
+3.0%
9.7%NOK 393.64NOK 284.29NOK 247.6010
Feb ’24NOK 310.60
NOK 310.16
-0.1%
12.8%NOK 370.34NOK 250.53NOK 251.0010
Jan ’24NOK 281.00
NOK 293.23
+4.4%
14.2%NOK 357.28NOK 210.16NOK 242.0010
Dec ’23NOK 280.20
NOK 277.43
-1.0%
15.1%NOK 348.28NOK 204.87NOK 235.009

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 14:15
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TietoEVRY Oyj is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karl BerglundABG Sundal Collier
Raimo LenschowBarclays
Andrew GardinerBarclays