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Finnish (OMX) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies172
  • 7D0.6%
  • 3M8.7%
  • 1Y22.3%
  • YTD22.2%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 5.2%. More promisingly, the market is up 22% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Trending IndustriesSoftware

Market Valuation and Performance

Has the Finnish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025€308.9b€197.1b€13.4b19x23.1x1.6x
Thu, 16 Oct 2025€292.6b€197.6b€13.3b19.8x22x1.5x
Sat, 13 Sep 2025€289.5b€196.1b€13.2b20.7x21.9x1.5x
Mon, 11 Aug 2025€281.9b€196.5b€13.3b20.7x21.2x1.4x
Wed, 09 Jul 2025€277.6b€196.1b€13.5b20.4x20.6x1.4x
Fri, 06 Jun 2025€275.2b€196.1b€13.5b20x20.4x1.4x
Sun, 04 May 2025€264.0b€196.0b€13.7b19.9x19.3x1.3x
Tue, 01 Apr 2025€260.3b€195.1b€14.6b19.4x17.8x1.3x
Thu, 27 Feb 2025€275.3b€195.4b€14.6b19.6x18.8x1.4x
Sat, 25 Jan 2025€258.9b€199.2b€14.7b18x17.6x1.3x
Mon, 23 Dec 2024€243.7b€199.2b€14.7b17.4x16.5x1.2x
Wed, 20 Nov 2024€249.0b€199.9b€14.7b17.9x16.9x1.2x
Fri, 18 Oct 2024€264.9b€199.7b€14.6b18.2x18.2x1.3x
Sun, 15 Sep 2024€220.7b€188.3b€9.6b18.4x23.1x1.2x
Tue, 13 Aug 2024€216.9b€188.7b€9.9b17.9x22x1.1x
Thu, 11 Jul 2024€219.9b€190.2b€10.1b18.6x21.7x1.2x
Sat, 08 Jun 2024€227.5b€191.0b€10.0b18.9x22.8x1.2x
Mon, 06 May 2024€222.4b€190.9b€10.0b17.6x22.3x1.2x
Wed, 03 Apr 2024€219.1b€195.5b€10.2b17.2x21.4x1.1x
Fri, 01 Mar 2024€219.9b€194.9b€10.2b17.7x21.6x1.1x
Sun, 28 Jan 2024€231.1b€200.9b€9.7b19.1x23.9x1.2x
Tue, 26 Dec 2023€228.6b€202.7b€12.9b19x17.8x1.1x
Thu, 23 Nov 2023€219.8b€202.6b€12.9b18x17.1x1.1x
Sat, 21 Oct 2023€204.4b€207.2b€12.4b17.6x16.5x1x
Mon, 18 Sep 2023€226.9b€209.1b€12.8b18.8x17.7x1.1x
Wed, 16 Aug 2023€219.7b€209.0b€12.9b19.4x17.1x1.1x
Fri, 14 Jul 2023€231.6b€210.9b€17.3b18.6x13.4x1.1x
Sun, 11 Jun 2023€241.0b€210.8b€17.3b19.2x13.9x1.1x
Tue, 09 May 2023€250.3b€211.4b€17.3b19.5x14.5x1.2x
Thu, 06 Apr 2023€249.1b€208.7b€16.9b19x14.7x1.2x
Sat, 04 Mar 2023€260.5b€314.1b€14.7b19.9x17.8x0.8x
Mon, 30 Jan 2023€260.6b€311.4b€16.6b16.9x15.7x0.8x
Wed, 28 Dec 2022€254.9b€309.6b€14.0b15.8x18.2x0.8x
Fri, 25 Nov 2022€257.1b€309.6b€14.1b15.7x18.3x0.8x
Price to Earnings Ratio

18.3x


Total Market Cap: €257.1bTotal Earnings: €14.1bTotal Revenue: €309.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Market Price to Earnings3Y Average 18.9x202320242025
Current Market PE
  • Investors are optimistic on the Finnish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 23.1x which is higher than its 3-year average PE of 18.9x.
Past Earnings Growth
  • The earnings for Finnish listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 14% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Finnish Market?

FI Market0.58%
Energy5.23%
Healthcare4.21%
Financials1.46%
Materials1.09%
Real Estate0.63%
Consumer Discretionary0.41%
Industrials-0.23%
Telecom-0.23%
Tech-0.28%
Consumer Staples-0.97%
Utilities-3.18%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 138x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 41.5%, which is higher than its past year's earnings growth of 10.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 68% over the next 5 years.
  • In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SAMPO Sampo Oyj€9.992.4%
+€614.6m		24.4%PE16.3xFinancials
NESTE Neste Oyj€17.933.0%
+€407.2m		29.0%PS0.7xEnergy
ORNBV Orion Oyj€60.153.9%
+€316.6m		35.5%PE27xHealthcare
NDA FI Nordea Bank Abp€14.710.5%
+€233.0m		35.8%PB1.6xFinancials
MANTA Mandatum Oyj€6.365.0%
+€152.8m		51.9%PE20.2xFinancials
See more

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