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Swedish (OMX) Healthtech Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies8
  • 7D-10.5%
  • 3M-33.9%
  • 1Y-25.3%
  • YTD-21.3%

Over the last 7 days, the Healthtech industry has dropped 11%, driven by Sectra declining 12%. However, the industry is down 25% over the past 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, 12 Feb 2026SEK 44.9bSEK 5.6bSEK 682.6m41.6x65.8x8.1x
Sat, 10 Jan 2026SEK 56.3bSEK 5.6bSEK 681.6m52.7x82.7x10.1x
Mon, 08 Dec 2025SEK 63.4bSEK 5.5bSEK 618.1m62.7x102.6x11.5x
Wed, 05 Nov 2025SEK 67.4bSEK 5.4bSEK 595.7m68.3x113.2x12.4x
Fri, 03 Oct 2025SEK 69.7bSEK 5.4bSEK 577.4m71.5x120.7x12.8x
Sun, 31 Aug 2025SEK 76.2bSEK 5.5bSEK 560.1m47.2x136x13.9x
Tue, 29 Jul 2025SEK 86.4bSEK 5.5bSEK 585.1m90.2x147.7x15.7x
Thu, 26 Jun 2025SEK 79.5bSEK 5.5bSEK 615.8m83x129.1x14.4x
Sat, 24 May 2025SEK 72.9bSEK 5.5bSEK 641.8m73.6x113.6x13.3x
Mon, 21 Apr 2025SEK 63.6bSEK 5.4bSEK 622.0m67.9x102.2x11.8x
Wed, 19 Mar 2025SEK 60.8bSEK 5.4bSEK 616.1m66.6x98.7x11.2x
Fri, 14 Feb 2025SEK 61.3bSEK 5.2bSEK 490.0m78x125.2x11.8x
Sun, 12 Jan 2025SEK 61.5bSEK 5.2bSEK 490.7m64x125.2x11.8x
Tue, 10 Dec 2024SEK 62.8bSEK 5.0bSEK 561.4m63.5x111.9x12.6x
Thu, 07 Nov 2024SEK 6.8bSEK 1.9bSEK 84.9m36.1x79.7x3.6x
Sat, 05 Oct 2024SEK 61.0bSEK 5.0bSEK 528.6m39.2x115.4x12.1x
Mon, 02 Sep 2024SEK 52.9bSEK 4.9bSEK 509.7m42.4x103.8x10.8x
Wed, 31 Jul 2024SEK 52.4bSEK 4.8bSEK 476.6m66.6x109.9x10.9x
Fri, 28 Jun 2024SEK 53.3bSEK 4.8bSEK 459.9m71.6x115.8x11.2x
Sun, 26 May 2024SEK 52.9bSEK 4.6bSEK 457.3m66.8x115.6x11.5x
Tue, 23 Apr 2024SEK 46.6bSEK 4.7bSEK 474.4m94.3x98.3x9.9x
Thu, 21 Mar 2024SEK 45.5bSEK 4.7bSEK 473.3m92.1x96.1x9.7x
Sat, 17 Feb 2024SEK 47.8bSEK 4.6bSEK 322.8m193.6x147.9x10.5x
Mon, 15 Jan 2024SEK 40.9bSEK 4.6bSEK 340.3m139.5x120.2x9x
Wed, 13 Dec 2023SEK 33.3bSEK 4.3bSEK 283.6m127.9x117.5x7.7x
Fri, 10 Nov 2023SEK 31.4bSEK 4.3bSEK 319.7m72.5x98.2x7.4x
Sun, 08 Oct 2023SEK 30.4bSEK 4.2bSEK 312.6m66.4x97.2x7.2x
Tue, 05 Sep 2023SEK 38.9bSEK 4.1bSEK 316.4m86.1x123x9.4x
Thu, 03 Aug 2023SEK 36.8bSEK 4.1bSEK 292.2m98.3x126.1x9.1x
Sat, 01 Jul 2023SEK 39.9bSEK 4.0bSEK 273.1m96.8x146x9.9x
Mon, 29 May 2023SEK 39.3bSEK 3.9bSEK 304.3m108.9x129.1x10x
Wed, 26 Apr 2023SEK 37.1bSEK 3.9bSEK 294.6m99.9x126.1x9.6x
Fri, 24 Mar 2023SEK 37.4bSEK 3.9bSEK 233.5m100.2x160.1x9.7x
Sun, 19 Feb 2023SEK 36.2bSEK 3.7bSEK 184.4m65.6x196.5x9.9x
Price to Earnings Ratio

196.5x


Total Market Cap: SEK 36.2bTotal Earnings: SEK 184.4mTotal Revenue: SEK 3.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 117.1x202420252026
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 65.8x which is lower than its 3-year average PE of 117x.
  • The 3-year average PS ratio of 10.6x is higher than the industry's current PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Services industry have grown 55% 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 Market0.12%
Healthcare0.53%
Healthtech-10.54%
Healthtech-10.54%
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
MNTC MenticeSEK 13.552.3%
+SEK 8.4m		-45.6%PS1.4x

Latest News

CARA
SEK 23.00
Carasent
7D
-5.2%
1Y
-2.5%
MNTC
SEK 13.55
Mentice
7D
2.3%
1Y
-45.6%
PTRK
SEK 9.36
Physitrack
7D
-9.1%
1Y
-2.7%

Little Excitement Around Physitrack PLC's (STO:PTRK) Revenues As Shares Take 28% Pounding

Feb 12
Little Excitement Around Physitrack PLC's (STO:PTRK) Revenues As Shares Take 28% Pounding
RAY B
SEK 175.40
RaySearch Laboratories
7D
-6.0%
1Y
-31.5%

Expansion Risks Beyond Radiotherapy Will Eventually Set Up A Stronger Long Term Platform

Catalysts About RaySearch Laboratories RaySearch Laboratories develops software platforms that support planning, delivery, coordination and analysis of cancer treatments across radiotherapy and other modalities. What are the underlying business or industry changes driving this perspective?
SECT B
SEK 187.30
Sectra
7D
-11.7%
1Y
-24.7%

SECT B: Cloud Contracts And Pathology Expansion Will Support Future Upside Potential

Analysts have reaffirmed their price target on Sectra at SEK 245.00, with only marginal tweaks to underlying model inputs such as discount rate, revenue growth, profit margin and future P/E assumptions, supporting an unchanged view of fair value. What's in the News TUM Klinikum in Germany is expanding its Sectra enterprise imaging setup with pathology and ophthalmology modules under a five year contract covering up to 300,000 examinations per year, aimed at higher efficiency and closer collaboration across departments (Client announcement).
ORTI B
SEK 1.73
Ortivus
7D
-3.9%
1Y
-6.0%
IZAFE B
SEK 0.40
iZafe Group
7D
-8.0%
1Y
68.9%
H100
SEK 1.29
H100 Group
7D
-6.9%
1Y
n/a
KONT
SEK 2.09
Kontigo Care
7D
-9.1%
1Y
-18.4%