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Swedish (OMX) Healthtech Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies8
  • 7D-0.7%
  • 3M-17.3%
  • 1Y-6.2%
  • YTD-9.0%

The Healthtech is pretty flat in the last 7 days, but Carasent has stood out, gaining 4.4%. As for the longer term, the industry has declined 6.2% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the Swedish Healthtech Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025SEK 59.0bSEK 5.6bSEK 679.5m55.1x86.8x10.5x
Sat, 22 Nov 2025SEK 64.6bSEK 5.5bSEK 635.0m63.3x101.7x11.7x
Mon, 20 Oct 2025SEK 67.0bSEK 5.4bSEK 593.7m68.4x112.9x12.3x
Wed, 17 Sep 2025SEK 71.6bSEK 5.5bSEK 568.9m44.3x125.8x13x
Fri, 15 Aug 2025SEK 79.2bSEK 5.5bSEK 554.2m83.6x142.9x14.4x
Sun, 13 Jul 2025SEK 84.4bSEK 5.5bSEK 614.7m88.3x137.3x15.2x
Tue, 10 Jun 2025SEK 82.1bSEK 5.5bSEK 613.2m85x133.9x14.9x
Thu, 08 May 2025SEK 69.0bSEK 5.4bSEK 620.4m79x111.3x12.8x
Sat, 05 Apr 2025SEK 56.4bSEK 5.4bSEK 614.4m62.9x91.8x10.4x
Mon, 03 Mar 2025SEK 57.0bSEK 5.3bSEK 408.7m78.1x139.4x10.8x
Wed, 29 Jan 2025SEK 57.7bSEK 5.2bSEK 490.7m64.4x117.6x11.1x
Fri, 27 Dec 2024SEK 62.8bSEK 5.2bSEK 490.8m63x127.9x12.1x
Sun, 24 Nov 2024SEK 7.9bSEK 1.8bSEK 92.9m45.3x84.5x4.4x
Tue, 22 Oct 2024SEK 63.7bSEK 5.0bSEK 528.7m41.1x120.5x12.7x
Thu, 19 Sep 2024SEK 57.9bSEK 5.0bSEK 528.5m42.3x109.6x11.5x
Sat, 17 Aug 2024SEK 53.1bSEK 4.8bSEK 476.4m69.2x111.4x11.1x
Mon, 15 Jul 2024SEK 53.0bSEK 4.8bSEK 460.3m67.9x115.2x11.1x
Wed, 12 Jun 2024SEK 54.6bSEK 4.8bSEK 459.6m71.7x118.9x11.4x
Fri, 10 May 2024SEK 49.2bSEK 4.6bSEK 438.6m78x112.2x10.8x
Sun, 07 Apr 2024SEK 46.7bSEK 4.7bSEK 473.9m94x98.5x9.9x
Tue, 05 Mar 2024SEK 46.6bSEK 4.6bSEK 487.5m91.9x95.6x10.2x
Thu, 01 Feb 2024SEK 43.9bSEK 4.6bSEK 340.3m142.7x129x9.6x
Sat, 30 Dec 2023SEK 41.0bSEK 4.6bSEK 340.3m144x120.4x9x
Mon, 27 Nov 2023SEK 32.9bSEK 4.3bSEK 306.8m127.9x107.2x7.6x
Wed, 25 Oct 2023SEK 28.1bSEK 4.2bSEK 312.7m66.5x89.8x6.6x
Fri, 22 Sep 2023SEK 31.8bSEK 4.3bSEK 312.7m69.9x101.8x7.5x
Sun, 20 Aug 2023SEK 36.6bSEK 4.1bSEK 294.3m74.9x124.4x9x
Tue, 18 Jul 2023SEK 36.9bSEK 4.0bSEK 273.1m94.2x135.1x9.2x
Thu, 15 Jun 2023SEK 42.4bSEK 4.0bSEK 273.1m104.5x155.3x10.6x
Sat, 13 May 2023SEK 39.4bSEK 3.9bSEK 299.7m103.9x131.5x10.1x
Mon, 10 Apr 2023SEK 38.2bSEK 3.9bSEK 295.0m104.2x129.4x9.9x
Wed, 08 Mar 2023SEK 34.3bSEK 3.8bSEK 224.1m103x153.2x9.2x
Fri, 03 Feb 2023SEK 37.2bSEK 3.7bSEK 159.6m71x232.8x10.2x
Sun, 01 Jan 2023SEK 34.5bSEK 3.7bSEK 159.7m65.9x216x9.4x
Price to Earnings Ratio

216x


Total Market Cap: SEK 34.5bTotal Earnings: SEK 159.7mTotal Revenue: SEK 3.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 123.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Swedish Healthcare Services 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 86.8x which is lower than its 3-year average PE of 124x.
  • The industry is trading close to its 3-year average PS ratio of 10.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Services industry have grown 62% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Swedish Healthcare industry?

SE Market1.17%
Healthcare1.20%
Healthtech-0.69%
Healthtech-0.69%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RAY B RaySearch LaboratoriesSEK 224.501.6%
+SEK 120.0m		7.9%PE35.1x
CARA CarasentSEK 27.154.6%
+SEK 83.9m		23.4%PS5.8x
MNTC MenticeSEK 13.053.6%
+SEK 12.7m		-46.3%PS1.3x
KONT Kontigo CareSEK 2.0913.9%
+SEK 9.0m		-20.8%PS1.9x
PTRK PhysitrackSEK 13.051.2%
+SEK 2.4m		51.7%PS1.2x

Latest News

KONT
SEK 2.09
Kontigo Care
7D
13.9%
1Y
-20.8%
SECT B
SEK 252.00
Sectra
7D
-0.2%
1Y
-8.4%

SECT B: Cloud Expansion Will Support Earnings Multiples Amid Balanced Risk

Analysts have raised their price target on Sectra from SEK 207.5 to SEK 245.0, citing slightly stronger long term revenue growth assumptions and a higher expected future earnings multiple, partly offset by a marginally lower profit margin outlook. What's in the News Sectra will provide a unified Sectra One Cloud enterprise imaging solution for four NHS trusts in Lancashire and South Cumbria, consolidating radiology and breast imaging across 15 hospitals to strengthen cybersecurity and collaboration (Client Announcements).
IZAFE B
SEK 0.47
iZafe Group
7D
-1.9%
1Y
117.3%
CARA
SEK 27.15
Carasent
7D
4.6%
1Y
23.4%
MNTC
SEK 13.05
Mentice
7D
3.6%
1Y
-46.3%

We're Not Very Worried About Mentice's (STO:MNTC) Cash Burn Rate

Dec 10
We're Not Very Worried About Mentice's (STO:MNTC) Cash Burn Rate
PTRK
SEK 13.05
Physitrack
7D
1.2%
1Y
51.7%

Is Physitrack (STO:PTRK) A Risky Investment?

Dec 03
Is Physitrack (STO:PTRK) A Risky Investment?
ORTI B
SEK 1.21
Ortivus
7D
-0.4%
1Y
-15.1%
RAY B
SEK 224.50
RaySearch Laboratories
7D
1.6%
1Y
7.9%
QCORE
SEK 0.46
Qlucore
7D
-8.4%
1Y
-91.1%
AINO
SEK 0.18
Aino Health
7D
2.9%
1Y
-41.3%