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Talenom

1.25 EUR

-1.96 %

9,989 following
Corporate customer

TNOM

NASDAQ Helsinki

IT Services

Technology

-1.96 %
-22.19 %
-38.26 %
-36.59 %
-47.83 %
-43.49 %
-76.39 %
-83.02 %
+65.27 %

Talenom is an accounting firm that offers a wide range of services within accounting, invoice management and payroll. In addition to the main business, financial analysis and the possibility of real-time control via the company's web services are offered. The largest proportion of customers are found among small and medium-sized corporate customers in the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.

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Market cap
57.25M EUR
Turnover
209.62K EUR
P/E (adj.) (26e)
27.05
EV/EBIT (adj.) (26e)
21.56
P/B (26e)
1.52
EV/S (26e)
1.15
Dividend yield-% (26e)
4 %
Coverage
Recommendation
Buy
Target price
1.80 EUR
Updated
12.03.2026
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 12.03.2026

Latest extensive report

Released: 29.12.2023

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
23.4
2026

General meeting '26

24.4
2026

Half year dividend

6.5
2026

Business review Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
An existing Talenom customer using Easor can also switch to using Netvisor. This option was suggested to me when I terminated my contract with Talenom because of Easor.
3/13/2026, 8:40 AM
by Wallnut
14
I suppose one of the driving factors behind this entire demerger process was the observation in Sweden that the “forced implementation” of Easor caused a loss of accountants and, subsequently, customers. For the sake of the accounting firm business, this had to be abandoned, and ...
3/13/2026, 7:59 AM
by Karhu Hylje
7
Well, let’s see how much they are going to raise it. Right now it’s probably not completely out of line compared to others. In fact, Talenom has been the relatively more expensive part compared to others, at least based on my own experience, so the risk might actually turn more towards...
3/12/2026, 7:49 AM
by Choyoba_Capital
7
Would you like to share the reasons why you terminated Talenom because of Easor?
3/16/2026, 10:39 AM
by Choyoba_Capital
4
It’s definitely a risk to be heavily committed to a single software. If news breaks at some point that the main owners have sold Easor, the scale of the risk increases, because then the interest of Easor’s new main owners to protect Talenom would presumably be smaller. Currently,...
3/12/2026, 7:44 AM
by Gwertheney
4
Easor is cheaper than its competitors, or at least below the mid-range. This is the impression given in interviews. It improves the accountant’s efficiency, making the current price level worth paying. As long as this remains true, Talenom is unlikely to switch to more expensive ...
3/13/2026, 7:55 AM
by Nordman09
3
The same applies to decisions the other way around, so I expect the mutually beneficial coexistence to continue. Easor is certainly the biggest winner here, as it initially seems that sales to other accounting firms have started off well…
3/12/2026, 10:47 AM
by Gold
2
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