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Swedish (OMX) Healthtech Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies8
  • 7D-5.4%
  • 3M-29.0%
  • 1Y-18.3%
  • YTD-13.6%

Over the last 7 days, the Healthtech industry has dropped 5.3%, driven by a pullback from Sectra of 5.3%. Meanwhile, Mentice actually outperformed within the industry, gaining 5.0% in the last week. However, the industry is down 18% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026SEK 49.2bSEK 5.6bSEK 681.9m45.1x72.2x8.9x
Tue, 06 Jan 2026SEK 55.8bSEK 5.6bSEK 681.3m52.6x81.9x10x
Thu, 04 Dec 2025SEK 63.4bSEK 5.5bSEK 618.2m62.5x102.5x11.5x
Sat, 01 Nov 2025SEK 68.7bSEK 5.4bSEK 594.5m69.5x115.5x12.6x
Mon, 29 Sep 2025SEK 70.6bSEK 5.4bSEK 577.5m72.7x122.3x13x
Wed, 27 Aug 2025SEK 78.6bSEK 5.5bSEK 560.2m47.4x140.3x14.4x
Fri, 25 Jul 2025SEK 85.8bSEK 5.6bSEK 612.8m89.8x140x15.4x
Sun, 22 Jun 2025SEK 74.3bSEK 5.5bSEK 614.6m77.8x120.8x13.4x
Tue, 20 May 2025SEK 75.1bSEK 5.5bSEK 641.4m76.4x117.1x13.7x
Thu, 17 Apr 2025SEK 63.7bSEK 5.4bSEK 621.0m67.9x102.5x11.8x
Sat, 15 Mar 2025SEK 59.6bSEK 5.4bSEK 615.9m64.5x96.8x11x
Mon, 10 Feb 2025SEK 59.7bSEK 5.2bSEK 490.0m70.3x121.8x11.5x
Wed, 08 Jan 2025SEK 61.4bSEK 5.2bSEK 490.7m63.2x125.2x11.8x
Fri, 06 Dec 2024SEK 64.6bSEK 5.0bSEK 561.3m63.6x115.1x13x
Sun, 03 Nov 2024SEK 6.5bSEK 1.9bSEK 84.9m34.6x76.8x3.5x
Tue, 01 Oct 2024SEK 61.2bSEK 5.0bSEK 528.4m39x115.9x12.2x
Thu, 29 Aug 2024SEK 52.6bSEK 4.9bSEK 511.3m45x103x10.7x
Sat, 27 Jul 2024SEK 52.4bSEK 4.8bSEK 476.9m67.2x109.8x10.9x
Mon, 24 Jun 2024SEK 53.7bSEK 4.8bSEK 459.5m69.2x116.9x11.3x
Wed, 22 May 2024SEK 52.3bSEK 4.6bSEK 457.4m68.6x114.3x11.3x
Fri, 19 Apr 2024SEK 46.7bSEK 4.7bSEK 474.5m94.3x98.5x10x
Sun, 17 Mar 2024SEK 46.4bSEK 4.7bSEK 473.1m94.6x98x9.9x
Tue, 13 Feb 2024SEK 45.4bSEK 4.6bSEK 327.9m228.4x138.5x9.9x
Thu, 11 Jan 2024SEK 40.3bSEK 4.6bSEK 340.3m147x118.4x8.8x
Sat, 09 Dec 2023SEK 33.5bSEK 4.3bSEK 283.6m135x118.1x7.7x
Mon, 06 Nov 2023SEK 30.4bSEK 4.3bSEK 319.8m73.7x95.1x7.1x
Wed, 04 Oct 2023SEK 30.6bSEK 4.2bSEK 312.6m68.5x98x7.2x
Fri, 01 Sep 2023SEK 38.4bSEK 4.1bSEK 316.4m83.2x121.5x9.3x
Sun, 30 Jul 2023SEK 37.9bSEK 4.0bSEK 292.2m98.6x129.9x9.4x
Tue, 27 Jun 2023SEK 39.4bSEK 4.0bSEK 273.1m94.7x144.2x9.8x
Thu, 25 May 2023SEK 37.8bSEK 3.9bSEK 304.3m105.9x124.3x9.6x
Sat, 22 Apr 2023SEK 38.1bSEK 3.9bSEK 294.6m101.2x129.2x9.9x
Mon, 20 Mar 2023SEK 35.6bSEK 3.9bSEK 233.5m101.3x152.3x9.2x
Wed, 15 Feb 2023SEK 36.2bSEK 3.6bSEK 188.5m66.7x192.2x9.9x
Price to Earnings Ratio

192.2x


Total Market Cap: SEK 36.2bTotal Earnings: SEK 188.5mTotal Revenue: SEK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 117.6x202420252026
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 72.1x which is lower than its 3-year average PE of 118x.
  • The 3-year average PS ratio of 10.6x is higher than the industry's current PS ratio of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Services industry have grown 54% 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 Market2.14%
Healthcare3.10%
Healthtech-5.35%
Healthtech-5.35%
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 13.605.0%
+SEK 18.3m		-43.1%PS1.4x

Latest News

RAY B
SEK 179.00
RaySearch Laboratories
7D
-5.9%
1Y
-26.9%
CARA
SEK 24.00
Carasent
7D
-7.2%
1Y
5.5%
MNTC
SEK 13.60
Mentice
7D
5.0%
1Y
-43.1%
SECT B
SEK 208.60
Sectra
7D
-5.3%
1Y
-17.2%

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).
PTRK
SEK 10.80
Physitrack
7D
-3.6%
1Y
-1.4%

Returns On Capital At Physitrack (STO:PTRK) Paint A Concerning Picture

Feb 03
Returns On Capital At Physitrack (STO:PTRK) Paint A Concerning Picture
ORTI B
SEK 1.94
Ortivus
7D
-5.1%
1Y
2.1%
IZAFE B
SEK 0.44
iZafe Group
7D
-0.7%
1Y
94.7%
H100
SEK 1.46
H100 Group
7D
-8.5%
1Y
n/a
KONT
SEK 2.09
Kontigo Care
7D
-9.1%
1Y
-18.4%