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Swedish (OMX) Healthtech Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies9
  • 7D1.8%
  • 3M-0.2%
  • 1Y-6.6%
  • YTDn/a

The Healthtech industry has stayed flat over the last week. Unfortunately though, the industry is down 8.0% over the past 12 months. 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
Tue, 14 Apr 2026SEK 56.0bSEK 5.7bSEK 267.7m47.7x209x9.7x
Thu, 12 Mar 2026SEK 52.7bSEK 5.7bSEK 268.6m46.8x196.2x9.2x
Sat, 07 Feb 2026SEK 49.2bSEK 5.6bSEK 682.0m45.1x72.1x8.8x
Mon, 05 Jan 2026SEK 56.3bSEK 5.6bSEK 681.1m52.9x82.7x10.1x
Wed, 03 Dec 2025SEK 64.0bSEK 5.5bSEK 617.9m63.3x103.6x11.7x
Fri, 31 Oct 2025SEK 69.7bSEK 5.4bSEK 594.7m70.6x117.1x12.8x
Sun, 28 Sep 2025SEK 70.6bSEK 5.4bSEK 577.5m72.7x122.3x13x
Tue, 26 Aug 2025SEK 79.3bSEK 5.5bSEK 560.1m47.4x141.5x14.5x
Thu, 24 Jul 2025SEK 84.6bSEK 5.6bSEK 613.0m88.8x138x15.2x
Sat, 21 Jun 2025SEK 74.3bSEK 5.5bSEK 614.6m77.8x120.8x13.4x
Mon, 19 May 2025SEK 75.2bSEK 5.5bSEK 641.2m76.6x117.3x13.7x
Wed, 16 Apr 2025SEK 61.9bSEK 5.4bSEK 620.6m66.3x99.7x11.4x
Fri, 14 Mar 2025SEK 54.3bSEK 5.3bSEK 409.2m80.2x132.8x10.3x
Sun, 09 Feb 2025SEK 59.7bSEK 5.2bSEK 490.0m70.3x121.8x11.5x
Tue, 07 Jan 2025SEK 63.1bSEK 5.2bSEK 490.6m62.2x128.6x12.1x
Thu, 05 Dec 2024SEK 8.5bSEK 1.8bSEK 114.1m42.1x74.3x4.7x
Sat, 02 Nov 2024SEK 6.5bSEK 1.9bSEK 85.0m34.6x76.6x3.5x
Mon, 30 Sep 2024SEK 60.0bSEK 5.0bSEK 528.3m38.9x113.5x11.9x
Wed, 28 Aug 2024SEK 52.3bSEK 4.9bSEK 511.3m44.6x102.2x10.7x
Fri, 26 Jul 2024SEK 51.7bSEK 4.8bSEK 476.9m67x108.4x10.8x
Sun, 23 Jun 2024SEK 53.7bSEK 4.8bSEK 459.5m69.2x116.9x11.3x
Tue, 21 May 2024SEK 52.5bSEK 4.6bSEK 457.5m68.6x114.7x11.4x
Thu, 18 Apr 2024SEK 47.1bSEK 4.7bSEK 474.5m95.2x99.3x10x
Sat, 16 Mar 2024SEK 46.4bSEK 4.7bSEK 473.1m94.6x98x9.9x
Mon, 12 Feb 2024SEK 45.1bSEK 4.6bSEK 327.9m226.7x137.4x9.9x
Wed, 10 Jan 2024SEK 39.7bSEK 4.6bSEK 340.3m145x116.6x8.7x
Fri, 08 Dec 2023SEK 32.8bSEK 4.3bSEK 283.6m132.6x115.6x7.6x
Sun, 05 Nov 2023SEK 30.4bSEK 4.3bSEK 319.8m73.7x95.1x7.1x
Tue, 03 Oct 2023SEK 30.4bSEK 4.2bSEK 312.6m69.5x97.3x7.2x
Thu, 31 Aug 2023SEK 38.3bSEK 4.1bSEK 316.5m82.4x120.9x9.2x
Sat, 29 Jul 2023SEK 37.9bSEK 4.0bSEK 292.2m98.6x129.9x9.4x
Mon, 26 Jun 2023SEK 39.9bSEK 4.0bSEK 273.1m96.1x146x9.9x
Wed, 24 May 2023SEK 39.0bSEK 3.9bSEK 303.0m108.3x128.8x10x
Fri, 21 Apr 2023SEK 38.2bSEK 3.9bSEK 294.6m101x129.8x9.9x
Price to Earnings Ratio

129.8x


Total Market Cap: SEK 38.2bTotal Earnings: SEK 294.6mTotal Revenue: SEK 3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthtech Industry Price to Earnings3Y Average 116.7x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Health Care Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 206x which is higher than its 3-year average PE of 117x.
  • The industry is trading close to its 3-year average PS ratio of 10.5x.
Past Earnings Growth
  • The earnings for companies in the Health Care Technology industry have declined 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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 Comparison

How does Swedish Healthtech compare with similar industries?

SE Market4.42%
Healthcare2.85%
Healthtech1.84%
Healthtech1.84%
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 239.801.8%
+SEK 809.2m		-5.9%PE86x
RAY B RaySearch LaboratoriesSEK 197.901.9%
+SEK 126.8m		-12.0%PE29.8x
CARA CarasentSEK 24.153.4%
+SEK 54.8m		5.3%PE47.7x
IZAFE B iZafe GroupSEK 0.4319.3%
+SEK 27.0m		64.5%PS27.8x
H100 H100 GroupSEK 1.532.8%
+SEK 14.2m		0.8%PS43.8x

Latest News

KONT
SEK 2.09
Kontigo Care
7D
-9.1%
1Y
-18.4%
RAY B
SEK 197.90
RaySearch Laboratories
7D
1.9%
1Y
-12.0%

RAY B: Wartime Deployment Of Cancer Systems Will Support Stronger Outlook

Analysts have kept their SEK 330.0 price target for RaySearch Laboratories unchanged, indicating that only very small tweaks have been made to model inputs such as discount rate, revenue growth, profit margin and future P/E assumptions, rather than any shift in their overall view. What's in the News First patient treated using RayStation at Poltava Regional Cancer Clinic in Ukraine, marking clinical use of RaySearch’s treatment planning system in the country during wartime, in partnership with the Help Ukraine Group, an international nonprofit supporting Ukrainian cancer centers (Key Developments) Poltava Regional Cancer Clinic is the first of ten Ukrainian cancer centers to begin clinical use of RayStation, following donations totaling 20 RayStation systems from RaySearch over the past two years, with clinical staff training ongoing (Key Developments) Taras Shevchenko National University of Kyiv is using donated RayStation systems to provide practical training in radiotherapy treatment planning for future cancer care professionals in Ukraine (Key Developments) The Royal Marsden NHS Foundation Trust in the UK completed its first online adaptive patient treatment on a widely available Elekta C arm linear accelerator using the RayStation module for adaptive replanning in December 2025.
SECT B
SEK 239.80
Sectra
7D
1.8%
1Y
-5.9%

SECT B: Cloud Contracts And Rating Upgrades Will Shape Future Return Balance

Analysts have maintained the fair value estimate for Sectra at SEK 227.50. Recent upgrades and new price targets, which range from SEK 210 to SEK 250, support a slightly lower implied discount rate and marginally adjusted long-term growth and P/E assumptions.
PTRK
SEK 8.90
Physitrack
7D
-4.1%
1Y
-28.2%
QCORE
SEK 0.38
Qlucore
7D
-6.3%
1Y
-77.9%
MNTC
SEK 12.90
Mentice
7D
-3.7%
1Y
-30.3%
CARA
SEK 24.15
Carasent
7D
3.4%
1Y
5.3%
ORTI B
SEK 1.42
Ortivus
7D
-0.4%
1Y
-5.0%
IZAFE B
SEK 0.43
iZafe Group
7D
19.3%
1Y
64.5%
AINO
SEK 0.15
Aino Health
7D
-0.7%
1Y
4.3%
H100
SEK 1.53
H100 Group
7D
2.8%
1Y
0.8%