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Swedish (OMX) Healthtech Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies9
  • 7D-3.3%
  • 3M-13.8%
  • 1Y-14.6%
  • YTD-10.0%

Over the last 7 days, the Healthtech industry has dropped 3.3%, driven by Sectra declining 3.4%. Meanwhile, iZafe Group actually outperformed within the industry, gaining 8.1% in the last week. However, the industry is down 15% 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
Wed, 25 Mar 2026SEK 51.4bSEK 5.7bSEK 267.6m44.8x192x8.9x
Fri, 20 Feb 2026SEK 45.7bSEK 5.6bSEK 744.8m46.3x61.3x8.1x
Sun, 18 Jan 2026SEK 54.4bSEK 5.6bSEK 681.7m51x79.7x9.8x
Tue, 16 Dec 2025SEK 59.9bSEK 5.6bSEK 678.9m56x88.2x10.7x
Thu, 13 Nov 2025SEK 67.2bSEK 5.5bSEK 635.3m65.8x105.8x12.2x
Sat, 11 Oct 2025SEK 69.3bSEK 5.4bSEK 577.2m71.4x120.1x12.8x
Mon, 08 Sep 2025SEK 75.0bSEK 5.5bSEK 566.6m42.4x132.3x13.6x
Wed, 06 Aug 2025SEK 82.0bSEK 5.5bSEK 584.7m84.3x140.2x14.9x
Fri, 04 Jul 2025SEK 82.4bSEK 5.5bSEK 613.8m86.5x134.3x14.9x
Sun, 01 Jun 2025SEK 74.7bSEK 5.5bSEK 641.5m75.3x116.4x13.6x
Tue, 29 Apr 2025SEK 66.5bSEK 5.4bSEK 623.7m70.3x106.6x12.3x
Thu, 27 Mar 2025SEK 58.3bSEK 5.4bSEK 617.2m65.7x94.4x10.8x
Sat, 22 Feb 2025SEK 57.8bSEK 5.2bSEK 483.0m48.3x119.7x11.1x
Mon, 20 Jan 2025SEK 58.7bSEK 5.2bSEK 490.8m62.5x119.7x11.3x
Wed, 18 Dec 2024SEK 61.9bSEK 5.2bSEK 490.7m63.1x126.2x11.9x
Fri, 15 Nov 2024SEK 7.6bSEK 1.8bSEK 94.2m43.6x80.3x4.2x
Sun, 13 Oct 2024SEK 61.3bSEK 5.0bSEK 528.5m40.7x116x12.2x
Tue, 10 Sep 2024SEK 56.6bSEK 5.0bSEK 528.8m40.4x107.1x11.3x
Thu, 08 Aug 2024SEK 50.9bSEK 4.8bSEK 476.0m64.6x107x10.6x
Sat, 06 Jul 2024SEK 52.2bSEK 4.8bSEK 459.9m68.6x113.4x10.9x
Mon, 03 Jun 2024SEK 52.7bSEK 4.6bSEK 456.8m68.4x115.3x11.4x
Wed, 01 May 2024SEK 47.9bSEK 4.6bSEK 464.1m75.1x103.2x10.4x
Fri, 29 Mar 2024SEK 46.5bSEK 4.7bSEK 474.0m94x98x9.9x
Sun, 25 Feb 2024SEK 46.2bSEK 4.6bSEK 344.1m115.2x134.4x10.1x
Tue, 23 Jan 2024SEK 42.1bSEK 4.6bSEK 340.3m142.1x123.8x9.2x
Thu, 21 Dec 2023SEK 39.3bSEK 4.6bSEK 340.3m139.6x115.6x8.6x
Sat, 18 Nov 2023SEK 32.7bSEK 4.3bSEK 294.4m120.1x110.9x7.6x
Mon, 16 Oct 2023SEK 29.6bSEK 4.2bSEK 312.6m74.3x94.7x7x
Wed, 13 Sep 2023SEK 36.8bSEK 4.3bSEK 312.7m82x117.7x8.7x
Fri, 11 Aug 2023SEK 36.8bSEK 4.1bSEK 292.2m97.3x126.1x9.1x
Sun, 09 Jul 2023SEK 39.5bSEK 4.0bSEK 273.1m90.8x144.5x9.8x
Tue, 06 Jun 2023SEK 45.1bSEK 4.0bSEK 346.1m107.9x130.3x11.2x
Thu, 04 May 2023SEK 37.3bSEK 3.9bSEK 301.5m98.4x123.6x9.6x
Sat, 01 Apr 2023SEK 37.1bSEK 3.9bSEK 233.5m102.5x158.8x9.6x
Price to Earnings Ratio

158.8x


Total Market Cap: SEK 37.1bTotal Earnings: SEK 233.5mTotal Revenue: SEK 3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 115.7x202420252026
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 192x 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 8.9x.
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-4.12%
Healthcare-3.98%
Healthtech-3.33%
Healthtech-3.33%
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
IZAFE B iZafe GroupSEK 0.438.1%
+SEK 12.5m		75.4%PS28x
MNTC MenticeSEK 13.651.9%
+SEK 7.0m		-40.1%PS1.3x
ORTI B OrtivusSEK 1.442.1%
+SEK 2.7m		-18.0%PS1.7x

Latest News

RAY B
SEK 182.80
RaySearch Laboratories
7D
-3.6%
1Y
-22.7%

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 219.00
Sectra
7D
-3.4%
1Y
-13.6%

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 8.92
Physitrack
7D
-1.1%
1Y
-19.6%
QCORE
SEK 0.43
Qlucore
7D
-2.7%
1Y
-86.6%
MNTC
SEK 13.65
Mentice
7D
1.9%
1Y
-40.1%
CARA
SEK 22.70
Carasent
7D
-1.7%
1Y
9.6%
ORTI B
SEK 1.44
Ortivus
7D
2.1%
1Y
-18.0%
IZAFE B
SEK 0.43
iZafe Group
7D
8.1%
1Y
75.4%
AINO
SEK 0.13
Aino Health
7D
-1.5%
1Y
-33.8%
H100
SEK 1.49
H100 Group
7D
-5.1%
1Y
n/a
KONT
SEK 2.09
Kontigo Care
7D
-9.1%
1Y
-18.4%