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Swedish (OMX) Healthtech Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies9
  • 7D-2.0%
  • 3M-12.1%
  • 1Y-10.8%
  • YTD-8.2%

Over the last 7 days, the Healthtech industry has dropped 2.0%, driven by Sectra declining 2.4%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026SEK 51.3bSEK 5.7bSEK 267.1m44.2x192x8.9x
Mon, 23 Feb 2026SEK 45.6bSEK 5.7bSEK 722.9m46.6x63.1x8x
Wed, 21 Jan 2026SEK 53.8bSEK 5.6bSEK 681.7m50.6x78.9x9.7x
Fri, 19 Dec 2025SEK 58.9bSEK 5.6bSEK 679.1m54.9x86.7x10.5x
Sun, 16 Nov 2025SEK 66.6bSEK 5.5bSEK 635.1m65.6x104.8x12.1x
Tue, 14 Oct 2025SEK 69.5bSEK 5.4bSEK 577.5m71.7x120.3x12.8x
Thu, 11 Sep 2025SEK 73.6bSEK 5.5bSEK 567.0m42.8x129.7x13.3x
Sat, 09 Aug 2025SEK 80.7bSEK 5.5bSEK 585.0m82.6x138x14.6x
Mon, 07 Jul 2025SEK 82.7bSEK 5.5bSEK 614.0m86.5x134.8x15x
Wed, 04 Jun 2025SEK 76.4bSEK 5.5bSEK 640.7m77.1x119.2x13.9x
Fri, 02 May 2025SEK 69.4bSEK 5.4bSEK 619.8m72.4x112x12.8x
Sun, 30 Mar 2025SEK 58.1bSEK 5.4bSEK 614.7m65.5x94.6x10.8x
Tue, 25 Feb 2025SEK 57.9bSEK 5.3bSEK 511.8m48.6x113.1x11x
Thu, 23 Jan 2025SEK 58.8bSEK 5.2bSEK 490.7m60.5x119.8x11.3x
Sat, 21 Dec 2024SEK 62.3bSEK 5.2bSEK 490.7m64.6x126.9x12x
Mon, 18 Nov 2024SEK 7.4bSEK 1.8bSEK 93.1m42.4x79.1x4.1x
Wed, 16 Oct 2024SEK 62.5bSEK 5.0bSEK 528.5m41x118.2x12.4x
Fri, 13 Sep 2024SEK 57.6bSEK 5.0bSEK 528.6m41.7x109x11.5x
Sun, 11 Aug 2024SEK 51.3bSEK 4.8bSEK 476.0m64.5x107.8x10.7x
Tue, 09 Jul 2024SEK 52.3bSEK 4.8bSEK 460.2m68.5x113.7x11x
Thu, 06 Jun 2024SEK 50.1bSEK 4.6bSEK 455.9m71.6x110x10.9x
Sat, 04 May 2024SEK 48.1bSEK 4.6bSEK 440.6m75.1x109.1x10.5x
Mon, 01 Apr 2024SEK 46.5bSEK 4.7bSEK 473.9m94x98.1x9.9x
Wed, 28 Feb 2024SEK 46.5bSEK 4.6bSEK 344.1m115.2x135.2x10.2x
Fri, 26 Jan 2024SEK 42.6bSEK 4.6bSEK 340.3m144.1x125.1x9.3x
Sun, 24 Dec 2023SEK 39.9bSEK 4.6bSEK 340.3m141.4x117.2x8.7x
Tue, 21 Nov 2023SEK 33.0bSEK 4.3bSEK 306.8m122.5x107.6x7.6x
Thu, 19 Oct 2023SEK 28.8bSEK 4.2bSEK 312.6m64.9x92.1x6.8x
Sat, 16 Sep 2023SEK 35.5bSEK 4.3bSEK 312.7m78.6x113.4x8.3x
Mon, 14 Aug 2023SEK 36.2bSEK 4.1bSEK 292.2m95x123.9x8.9x
Wed, 12 Jul 2023SEK 37.9bSEK 4.0bSEK 273.1m92.5x139x9.4x
Fri, 09 Jun 2023SEK 41.1bSEK 4.0bSEK 278.4m102x147.4x10.2x
Sun, 07 May 2023SEK 39.7bSEK 3.9bSEK 299.7m104.3x132.3x10.2x
Tue, 04 Apr 2023SEK 36.7bSEK 3.9bSEK 233.6m100.7x157x9.5x
Price to Earnings Ratio

157x


Total Market Cap: SEK 36.7bTotal Earnings: SEK 233.6mTotal Revenue: SEK 3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 115.8x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Healthcare Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 197x which is higher than its 3-year average PE of 116x.
  • The 3-year average PS ratio of 10.5x is higher than the industry's current PS ratio of 9.1x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Services industry have grown 4.6% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market-0.37%
Healthcare2.52%
Healthtech-2.05%
Healthtech-2.05%
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 183.401.0%
+SEK 61.7m		-20.3%PE27.6x
MNTC MenticeSEK 13.501.9%
+SEK 7.0m		-38.4%PS1.3x
IZAFE B iZafe GroupSEK 0.413.5%
+SEK 5.5m		73.9%PS27x
AINO Aino HealthSEK 0.1417.1%
+SEK 4.3m		-4.0%PS1.1x
ORTI B OrtivusSEK 1.421.8%
+SEK 2.2m		-18.2%PS1.7x

Latest News

RAY B
SEK 183.40
RaySearch Laboratories
7D
1.0%
1Y
-20.3%

RAY B: Dividend Commitment And Adaptive Therapy Adoption Will Support Stronger Outlook

Analysts have maintained their price target for RaySearch Laboratories at SEK 330. Small adjustments to the discount rate, long-term revenue growth, profit margin and future P/E assumptions have led them to conclude that the previous valuation remains appropriate.
SECT B
SEK 218.60
Sectra
7D
-1.5%
1Y
-11.6%

SECT B: Cloud Deals And Rating Upgrades Will Shape Balanced Return Profile

Sectra's analyst price target has been revised from SEK 220 to about SEK 228. Analysts have issued refreshed Buy ratings and higher targets in the SEK 210 to SEK 250 range that reflect updated views on growth, profitability and future P/E assumptions.
PTRK
SEK 8.42
Physitrack
7D
-5.4%
1Y
-31.5%
QCORE
SEK 0.42
Qlucore
7D
-5.5%
1Y
-82.7%
MNTC
SEK 13.50
Mentice
7D
1.9%
1Y
-38.4%
CARA
SEK 22.40
Carasent
7D
-0.4%
1Y
4.7%
ORTI B
SEK 1.42
Ortivus
7D
1.8%
1Y
-18.2%
IZAFE B
SEK 0.41
iZafe Group
7D
3.5%
1Y
73.9%
AINO
SEK 0.14
Aino Health
7D
17.1%
1Y
-4.0%
H100
SEK 1.44
H100 Group
7D
-2.0%
1Y
n/a
KONT
SEK 2.09
Kontigo Care
7D
-9.1%
1Y
-18.4%