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Stock Comparison · Structural lead, mixed market

Nordic Semiconductor A vs Seagate Technology Holdings: Which Stock Looks Stronger in 2026?

Seagate Technology holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Nordic Semiconductor ASA does not offset that deficit through any equally strong structural edge elsewhere. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (NOD.OL: STOXX 600, STX: Nasdaq 100).

Updated 2026-07-05

Most of the visible separation comes from profitability. Seagate Technology Holdings plc leads by 30 points on the overall comparison score.

Trajectory Similarity
0.64
Moderately similar
Peer-set rank: #7
within Nordic Semiconductor ASA's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The match is driven mainly by revenue growth trajectory and capital structure.

Similarity drivers
revenue growth trajectorycapital structure
What reduces the match
margin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
NOD.OL
Nordic Semiconductor ASA
25
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600
vs
STX
Seagate Technology Holdings plc
55
Peer-Score
Signal qualityMedium
Peer basis: Nasdaq 100

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: NOD.OL vs STX Profitability 0 68 Stability 47 58 Valuation 10 32 Growth 66 67 NOD.OL STX
Gap Ranking
#1 Profitability +68
#2 Valuation +22
#3 Stability +11
#4 Growth +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NOD.OL and STX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NOD.OLSTX Relative valuation Structural strength

Seagate Technology Holdings plc looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NOD.OL and STX each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NOD.OL Elevated · above norm 0th 50th 100th 18 pct gap STX Elevated · above norm 0th 50th 100th 80th 98th
Today NOD.OL sits in the upper portion of its own 5-year history (80th percentile), while STX sits higher in its own history (98th). Within each stock's own 5-year context, NOD.OL is at a historically more favourable entry position than STX. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Seagate Technology Holdings plc ranks near the top of the group on profitability; Nordic Semiconductor ASA sits in the weaker half.
Valuation
Both sit in the weaker half on valuation, with Seagate Technology Holdings plc still coming out ahead.
Profitability — Dominant Gap
NOD.OL
0
STX
68
Gap+68in favour of STX

The profitability lead is mainly driven by a 30-point operating margin advantage.

What else supports the lead

A forward P/E that is 9.2 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

Profitability is the clearest driver, and valuation also supports Seagate Technology Holdings plc's broader structural position.

Explore full peer positioning in AssetNext

Break down the NOD.OL vs STX comparison across all dimensions with the full interactive tool.

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Similar profitability-driven comparisons

Explore how NOD.OL and STX each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.