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Swedish (OMX) Healthtech Industry Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies9
  • 7D5.2%
  • 3M7.5%
  • 1Y-23.2%
  • YTD11.4%

Over the last 7 days, the Healthtech industry has risen 5.2%, driven by gains from Sectra of 4.6%. During this same period, the iZafe Group underperformed, falling 14%. In the past year, the industry is down 23%. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Aug 2026SEK 63.5bSEK 5.9bSEK 176.2m40.9x360.5x10.8x
Sun, 12 Jul 2026SEK 65.3bSEK 5.8bSEK 155.3m41.1x420.6x11.2x
Tue, 09 Jun 2026SEK 68.5bSEK 5.8bSEK 156.0m37.4x439.2x11.7x
Thu, 07 May 2026SEK 60.8bSEK 5.7bSEK 271.7m41.2x223.6x10.7x
Sat, 04 Apr 2026SEK 55.0bSEK 5.7bSEK 266.9m46.1x205.9x9.6x
Mon, 02 Mar 2026SEK 47.0bSEK 5.7bSEK 380.8m47.6x123.3x8.2x
Wed, 28 Jan 2026SEK 53.6bSEK 5.6bSEK 682.5m49.5x78.5x9.6x
Fri, 26 Dec 2025SEK 59.0bSEK 5.6bSEK 679.6m55.1x86.8x10.5x
Sun, 23 Nov 2025SEK 64.6bSEK 5.5bSEK 635.0m63.3x101.7x11.7x
Tue, 21 Oct 2025SEK 68.0bSEK 5.4bSEK 593.7m69.2x114.5x12.5x
Thu, 18 Sep 2025SEK 71.5bSEK 5.5bSEK 568.6m45.3x125.7x12.9x
Sat, 16 Aug 2025SEK 79.6bSEK 5.5bSEK 554.2m83.9x143.7x14.5x
Mon, 14 Jul 2025SEK 84.4bSEK 5.5bSEK 614.7m88.3x137.3x15.2x
Wed, 11 Jun 2025SEK 80.1bSEK 5.5bSEK 613.3m83.5x130.7x14.5x
Fri, 09 May 2025SEK 71.1bSEK 5.4bSEK 620.3m79.3x114.5x13.1x
Sun, 06 Apr 2025SEK 56.4bSEK 5.4bSEK 614.4m62.9x91.8x10.4x
Tue, 04 Mar 2025SEK 57.3bSEK 5.2bSEK 409.9m76.5x139.9x10.9x
Thu, 30 Jan 2025SEK 59.0bSEK 5.2bSEK 490.7m62.9x120.2x11.3x
Sat, 28 Dec 2024SEK 63.3bSEK 5.2bSEK 490.7m62.2x129x12.2x
Mon, 25 Nov 2024SEK 7.9bSEK 1.8bSEK 116.8m39.2x67.2x4.3x
Wed, 23 Oct 2024SEK 61.6bSEK 5.0bSEK 531.5m43x115.8x12.2x
Fri, 20 Sep 2024SEK 57.4bSEK 5.0bSEK 528.5m42.6x108.7x11.4x
Sun, 18 Aug 2024SEK 53.1bSEK 4.9bSEK 514.3m60x103.2x10.8x
Tue, 16 Jul 2024SEK 51.9bSEK 4.8bSEK 460.5m66.2x112.7x10.9x
Thu, 13 Jun 2024SEK 54.6bSEK 4.8bSEK 459.5m71.6x118.9x11.4x
Sat, 11 May 2024SEK 51.4bSEK 4.6bSEK 438.5m81.4x117.2x11.2x
Mon, 08 Apr 2024SEK 46.7bSEK 4.7bSEK 473.9m94x98.5x9.9x
Wed, 06 Mar 2024SEK 46.0bSEK 4.6bSEK 487.6m90.5x94.4x10.1x
Fri, 02 Feb 2024SEK 43.6bSEK 4.6bSEK 340.3m142.7x128x9.5x
Sun, 31 Dec 2023SEK 40.9bSEK 4.6bSEK 340.3m144x120.3x9x
Tue, 28 Nov 2023SEK 33.0bSEK 4.3bSEK 306.8m126x107.4x7.6x
Thu, 26 Oct 2023SEK 28.6bSEK 4.3bSEK 311.8m68.4x91.6x6.7x
Sat, 23 Sep 2023SEK 31.5bSEK 4.3bSEK 312.7m70.3x100.9x7.4x
Mon, 21 Aug 2023SEK 36.6bSEK 4.1bSEK 294.3m74.9x124.4x9x
Price to Earnings Ratio

124.4x


Total Market Cap: SEK 36.6bTotal Earnings: SEK 294.3mTotal Revenue: SEK 4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 141.4x202420252026
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 360x which is higher than its 3-year average PE of 141x.
  • 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 declined 16% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

SE Market-0.91%
Healthcare1.74%
Healthtech5.18%
Healthtech5.18%
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
SECT B SectraSEK 278.405.2%
+SEK 2.7b		-19.5%PE95.1x
RAY B RaySearch LaboratoriesSEK 188.206.6%
+SEK 401.1m		-31.6%PE28.8x
H100 H100 GroupSEK 1.2829.7%
+SEK 99.2m		-87.2%PS36.6x
CARA CarasentSEK 26.304.6%
+SEK 76.9m		-8.5%PE40.6x
PTRK PhysitrackSEK 8.721.2%
+SEK 1.6m		-45.5%PS0.9x

Latest News

H100
SEK 1.28
H100 Group
7D
29.7%
1Y
-87.2%
QCORE
SEK 0.40
Qlucore
7D
6.9%
1Y
-41.3%
RAY B
SEK 188.20
RaySearch Laboratories
7D
6.6%
1Y
-31.6%
Narrative Update • Aug 04

RAY B: Recall-Linked Uncertainty Will Set Up Future Oncology Software Rebound

Analysts have reduced their price target on RaySearch Laboratories from SEK 290 to SEK 250, reflecting updated assumptions around growth, profitability and the P/E multiple applied to the stock. What’s in the News for RaySearch Laboratories RaySearch Laboratories issued earnings guidance for the second quarter of 2026, expecting net sales of SEK 272 million compared with SEK 305 million and operating profit of SEK 28 million compared with SEK 36 million, with management citing postponed deals in the USA as the main factor.
MNTC
SEK 13.95
Mentice
7D
-4.5%
1Y
0%
PTRK
SEK 8.72
Physitrack
7D
1.2%
1Y
-45.5%
KONT
SEK 2.09
Kontigo Care
7D
-9.1%
1Y
-18.4%
SECT B
SEK 278.40
Sectra
7D
5.2%
1Y
-19.5%
Analysis Article • Jul 16

We Think Sectra's (STO:SECT B) Healthy Earnings Might Be Conservative

Sectra AB (publ)'s ( STO:SECT B ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
CARA
SEK 26.30
Carasent
7D
4.6%
1Y
-8.5%
IZAFE B
SEK 0.31
iZafe Group
7D
-8.2%
1Y
-7.6%
ORTI B
SEK 1.96
Ortivus
7D
-1.5%
1Y
57.4%