Narrative Update • Aug 12

Over the last 7 days, the Professional Services industry has remained flat, although notably Veteranpoolen gained 9.5%. Unfortunately though, the industry is down 24% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.
Has the Swedish Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | SEK 22.7b | SEK 52.9b | SEK 1.1b | 16.7x | 20.8x | 0.4x |
| Mon, 20 Jul 2026 | SEK 22.8b | SEK 53.1b | SEK 1.1b | 17x | 20.1x | 0.4x |
| Wed, 17 Jun 2026 | SEK 23.1b | SEK 53.2b | SEK 1.2b | 17.4x | 20x | 0.4x |
| Fri, 15 May 2026 | SEK 22.7b | SEK 53.2b | SEK 1.1b | 18.4x | 20x | 0.4x |
| Sun, 12 Apr 2026 | SEK 24.9b | SEK 53.8b | SEK 1.2b | 18x | 21.4x | 0.5x |
| Tue, 10 Mar 2026 | SEK 24.5b | SEK 53.2b | SEK 1.3b | 18x | 18.9x | 0.5x |
| Thu, 05 Feb 2026 | SEK 26.8b | SEK 53.8b | SEK 1.5b | 17.3x | 18.1x | 0.5x |
| Sat, 03 Jan 2026 | SEK 27.8b | SEK 53.7b | SEK 1.4b | 18.3x | 19.3x | 0.5x |
| Mon, 01 Dec 2025 | SEK 28.4b | SEK 51.8b | SEK 1.4b | 18.4x | 20x | 0.5x |
| Wed, 29 Oct 2025 | SEK 30.7b | SEK 51.6b | SEK 1.6b | 20.4x | 19.5x | 0.6x |
| Fri, 26 Sep 2025 | SEK 27.8b | SEK 52.1b | SEK 1.6b | 18.5x | 17.4x | 0.5x |
| Sun, 24 Aug 2025 | SEK 29.2b | SEK 51.8b | SEK 1.6b | 18.5x | 18.1x | 0.6x |
| Tue, 22 Jul 2025 | SEK 29.8b | SEK 52.7b | SEK 1.6b | 17.3x | 18.3x | 0.6x |
| Thu, 19 Jun 2025 | SEK 30.7b | SEK 54.3b | SEK 1.9b | 15.5x | 16.5x | 0.6x |
| Sat, 17 May 2025 | SEK 33.3b | SEK 54.5b | SEK 1.8b | 16.9x | 18.4x | 0.6x |
| Mon, 14 Apr 2025 | SEK 33.4b | SEK 55.4b | SEK 2.0b | 13.9x | 17.1x | 0.6x |
| Wed, 12 Mar 2025 | SEK 34.9b | SEK 55.4b | SEK 2.0b | 14.8x | 17.5x | 0.6x |
| Fri, 07 Feb 2025 | SEK 34.7b | SEK 56.0b | SEK 1.9b | 13.7x | 17.9x | 0.6x |
| Sun, 05 Jan 2025 | SEK 31.6b | SEK 56.0b | SEK 1.9b | 13x | 16.3x | 0.6x |
| Tue, 03 Dec 2024 | SEK 31.0b | SEK 56.3b | SEK 1.9b | 13.6x | 15.9x | 0.6x |
| Thu, 31 Oct 2024 | SEK 32.8b | SEK 56.4b | SEK 1.8b | 16x | 18x | 0.6x |
| Sat, 28 Sep 2024 | SEK 35.2b | SEK 56.8b | SEK 1.8b | 17.1x | 19.6x | 0.6x |
| Mon, 26 Aug 2024 | SEK 35.7b | SEK 56.7b | SEK 1.8b | 17.8x | 20.1x | 0.6x |
| Wed, 24 Jul 2024 | SEK 37.7b | SEK 56.8b | SEK 1.8b | 18.8x | 21x | 0.7x |
| Fri, 21 Jun 2024 | SEK 36.4b | SEK 56.6b | SEK 1.6b | 19.1x | 22.8x | 0.6x |
| Sun, 19 May 2024 | SEK 36.9b | SEK 56.4b | SEK 1.6b | 18.6x | 23.3x | 0.7x |
| Tue, 16 Apr 2024 | SEK 34.2b | SEK 56.7b | SEK 1.6b | 17.4x | 21.3x | 0.6x |
| Thu, 14 Mar 2024 | SEK 33.8b | SEK 56.7b | SEK 1.6b | 17x | 21x | 0.6x |
| Sat, 10 Feb 2024 | SEK 32.2b | SEK 56.7b | SEK 1.6b | 16.8x | 19.8x | 0.6x |
| Mon, 08 Jan 2024 | SEK 32.7b | SEK 58.6b | SEK 1.9b | 17.5x | 17.1x | 0.6x |
| Wed, 06 Dec 2023 | SEK 30.2b | SEK 58.6b | SEK 1.9b | 15.9x | 15.8x | 0.5x |
| Fri, 03 Nov 2023 | SEK 28.9b | SEK 58.5b | SEK 1.9b | 15.4x | 15x | 0.5x |
| Sun, 01 Oct 2023 | SEK 30.1b | SEK 57.5b | SEK 2.0b | 15.7x | 15.1x | 0.5x |
| Tue, 29 Aug 2023 | SEK 32.4b | SEK 57.5b | SEK 2.0b | 17.2x | 16.2x | 0.6x |
16.2x
Which industries have driven the changes within the Swedish Industrials industry?
| SE Market | 0.31% | |
| Industrials | 0.20% | |
| Professional Services | 0.032% | |
| Research and Consulting Services | 0.30% | |
| HR Services | -0.71% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VPAB B Veteranpoolen | SEK 44.90 | 9.5% +SEK 78.1m | 29.8% | PE19.6x | |
| AFRY Afry | SEK 102.00 | 0.3% +SEK 34.0m | -33.7% | PE14.6x | |
| REJL B Rejlers | SEK 159.60 | 0.8% +SEK 27.4m | -20.4% | PE21.4x | |
| PION B PION Group | SEK 6.42 | 9.2% +SEK 26.0m | 5.2% | PE16.7x | |
| VIMAB Vimab Group | SEK 4.81 | 2.3% +SEK 5.2m | -33.7% | PS0.7x |