Norwegian (OSEAX) Tech Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies37
- 7D0.2%
- 3M13.0%
- 1Y2.8%
- YTD9.6%
Last week, the Tech industry hasn't moved much but Crayon Group Holding is up 4.7% in that time. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 41% annually.
Sector Valuation and Performance
Has the Norwegian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr109.3b | kr83.1b | kr1.6b | 21.1x | 69.2x | 1.3x |
| Tue, 16 Apr 2024 | kr94.0b | kr84.4b | kr1.6b | 22.5x | 59.7x | 1.1x |
| Thu, 14 Mar 2024 | kr93.5b | kr84.7b | kr1.7b | 21x | 56.5x | 1.1x |
| Sat, 10 Feb 2024 | kr96.8b | kr83.1b | kr1.6b | 18.4x | 60.5x | 1.2x |
| Mon, 08 Jan 2024 | kr103.2b | kr85.8b | kr940.6m | 17.7x | 109.8x | 1.2x |
| Wed, 06 Dec 2023 | kr98.3b | kr86.6b | kr957.1m | 16.7x | 102.7x | 1.1x |
| Fri, 03 Nov 2023 | kr97.7b | kr87.4b | -kr247,206,889.00 | 18.6x | -395.2x | 1.1x |
| Sun, 01 Oct 2023 | kr106.7b | kr87.2b | kr13.4m | 18.4x | 7957.9x | 1.2x |
| Tue, 29 Aug 2023 | kr112.7b | kr87.3b | -kr31,269,107.00 | 22x | -3603.5x | 1.3x |
| Thu, 27 Jul 2023 | kr120.8b | kr85.1b | -kr381,587,253.00 | 20.7x | -316.5x | 1.4x |
| Sat, 24 Jun 2023 | kr118.0b | kr85.0b | -kr324,884,533.00 | 21.6x | -363.3x | 1.4x |
| Mon, 22 May 2023 | kr115.3b | kr84.4b | -kr316,585,454.00 | 25.8x | -364.2x | 1.4x |
| Wed, 19 Apr 2023 | kr116.5b | kr80.9b | -kr404,402,916.00 | 23.7x | -288x | 1.4x |
| Fri, 17 Mar 2023 | kr112.3b | kr81.2b | -kr356,559,066.00 | 23x | -314.8x | 1.4x |
| Sun, 12 Feb 2023 | kr112.2b | kr101.3b | kr342.3m | 24.9x | 327.8x | 1.1x |
| Tue, 10 Jan 2023 | kr117.7b | kr111.8b | kr329.0m | 25.8x | 357.6x | 1.1x |
| Thu, 08 Dec 2022 | kr115.2b | kr111.9b | kr409.1m | 25x | 281.7x | 1x |
| Sat, 05 Nov 2022 | kr109.5b | kr111.4b | kr396.3m | 24.1x | 276.3x | 1x |
| Mon, 03 Oct 2022 | kr104.1b | kr108.0b | kr99.2m | 23.9x | 1049.8x | 1x |
| Wed, 31 Aug 2022 | kr111.6b | kr106.8b | kr143.5m | 27.5x | 777.6x | 1x |
| Fri, 29 Jul 2022 | kr120.1b | kr105.8b | kr269.8m | 27.2x | 445x | 1.1x |
| Sun, 26 Jun 2022 | kr112.7b | kr103.8b | kr541.9m | 26.1x | 208x | 1.1x |
| Tue, 24 May 2022 | kr117.0b | kr103.2b | kr564.4m | 26.8x | 207.2x | 1.1x |
| Thu, 21 Apr 2022 | kr125.9b | kr100.8b | kr312.9m | 38.6x | 402.5x | 1.2x |
| Sat, 19 Mar 2022 | kr146.4b | kr100.8b | kr337.1m | 32.5x | 434.2x | 1.5x |
| Mon, 14 Feb 2022 | kr147.5b | kr98.4b | kr173.0m | 28.6x | 852.4x | 1.5x |
| Wed, 12 Jan 2022 | kr161.3b | kr97.4b | -kr50,414,258.00 | 34.9x | -3199.4x | 1.7x |
| Fri, 10 Dec 2021 | kr173.0b | kr96.8b | kr111.3m | 37.1x | 1554.3x | 1.8x |
| Sun, 07 Nov 2021 | kr168.3b | kr95.7b | kr264.8m | 33.2x | 635.7x | 1.8x |
| Tue, 05 Oct 2021 | kr165.3b | kr93.5b | kr855.2m | 35.4x | 193.3x | 1.8x |
| Thu, 02 Sep 2021 | kr186.0b | kr91.5b | kr817.1m | 35.4x | 227.6x | 2x |
| Sat, 31 Jul 2021 | kr177.4b | kr91.5b | kr817.1m | 31.8x | 217.1x | 1.9x |
Price to Earnings Ratio
226.4x
Current Industry PE
- Investors are pessimistic on the Norwegian Information Technology 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 69.3x which is lower than its 3-year average PE of 501x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 30% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.2% 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 sector?
| NO Market | -1.02% | |
| Tech | 0.20% | |
| Software | 1.55% | |
| Electronic Equipment and Components | 0.43% | |
| IT | 0.20% | |
| Communications | -0.57% | |
| Semiconductors | -1.10% | |
| Tech Hardware | -6.12% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 215x.
- Analysts are expecting annual earnings growth of 57.2% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings decline of 32% per year.
- In contrast, the IT industry is expected to see its earnings grow by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRAYN Crayon Group Holding | kr108.20 | 4.7% +kr432.6m | 22.1% | PS1.4x | |
| KIT Kitron | kr31.70 | 4.1% +kr244.9m | -30.9% | PE12.2x | |
| NAPA Napatech | kr36.00 | 5.9% +kr179.9m | 252.9% | PS12.5x | |
| VOLUE Volue | kr31.35 | 2.0% +kr86.3m | 68.9% | PE132.1x | |
| BOUV Bouvet | kr62.00 | 1.1% +kr72.2m | -9.5% | PE19.6x |