Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) HR Services Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.8%
  • 3M2.8%
  • 1Y-34.4%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 2.9%, driven by a pullback from BTS Group of 1.2%. On the other hand Veteranpoolen is actually up 9.5%. The industry has fallen 38% in the last year. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the Swedish HR Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026SEK 5.2bSEK 21.8bSEK 188.4m21.2x27.3x0.2x
Mon, 06 Apr 2026SEK 5.1bSEK 22.3bSEK 208.4m15.9x24.6x0.2x
Wed, 04 Mar 2026SEK 4.7bSEK 22.0bSEK 212.0m15.1x22.2x0.2x
Fri, 30 Jan 2026SEK 5.3bSEK 22.3bSEK 257.1m16.6x20.5x0.2x
Sun, 28 Dec 2025SEK 5.6bSEK 22.3bSEK 257.1m17.4x21.9x0.3x
Tue, 25 Nov 2025SEK 5.0bSEK 20.4bSEK 243.0m20.6x20.5x0.2x
Thu, 23 Oct 2025SEK 6.4bSEK 20.5bSEK 402.6m17.8x16x0.3x
Sat, 20 Sep 2025SEK 6.4bSEK 20.5bSEK 402.6m18.1x15.8x0.3x
Mon, 18 Aug 2025SEK 6.3bSEK 20.3bSEK 424.8m15.7x14.9x0.3x
Wed, 16 Jul 2025SEK 7.2bSEK 20.9bSEK 426.1m15.5x16.9x0.3x
Fri, 13 Jun 2025SEK 7.7bSEK 21.5bSEK 472.0m15.5x16.3x0.4x
Sun, 11 May 2025SEK 8.5bSEK 22.2bSEK 529.1m12.8x16x0.4x
Tue, 08 Apr 2025SEK 8.3bSEK 22.2bSEK 532.6m13.2x15.6x0.4x
Thu, 06 Mar 2025SEK 9.4bSEK 22.2bSEK 532.6m14.6x17.7x0.4x
Sat, 01 Feb 2025SEK 9.8bSEK 22.8bSEK 569.7m12.9x17.2x0.4x
Mon, 30 Dec 2024SEK 9.2bSEK 22.8bSEK 569.7m12.4x16.1x0.4x
Wed, 27 Nov 2024SEK 9.2bSEK 22.8bSEK 569.4m13.1x16.1x0.4x
Fri, 25 Oct 2024SEK 9.6bSEK 22.8bSEK 429.6m16.5x22.4x0.4x
Sun, 22 Sep 2024SEK 9.6bSEK 23.2bSEK 425.6m18x22.6x0.4x
Tue, 20 Aug 2024SEK 9.4bSEK 23.1bSEK 411.2m18.5x22.8x0.4x
Thu, 18 Jul 2024SEK 10.3bSEK 23.4bSEK 421.3m20x24.4x0.4x
Sat, 15 Jun 2024SEK 10.2bSEK 23.4bSEK 421.3m20.1x24.2x0.4x
Mon, 13 May 2024SEK 10.5bSEK 23.4bSEK 429.3m18.5x24.4x0.4x
Wed, 10 Apr 2024SEK 10.7bSEK 23.8bSEK 392.2m17.4x27.3x0.5x
Fri, 08 Mar 2024SEK 10.9bSEK 23.8bSEK 392.2m17.9x27.7x0.5x
Sun, 04 Feb 2024SEK 10.0bSEK 23.9bSEK 374.9m16.5x26.7x0.4x
Tue, 02 Jan 2024SEK 10.0bSEK 23.9bSEK 374.9m16.1x26.6x0.4x
Thu, 30 Nov 2023SEK 8.3bSEK 23.9bSEK 375.0m15.8x22.2x0.3x
Sat, 28 Oct 2023SEK 8.5bSEK 23.9bSEK 413.1m14.5x20.6x0.4x
Mon, 25 Sep 2023SEK 9.3bSEK 23.8bSEK 426.2m13.8x21.7x0.4x
Wed, 23 Aug 2023SEK 8.9bSEK 23.8bSEK 450.9m13.5x19.7x0.4x
Fri, 21 Jul 2023SEK 8.7bSEK 23.8bSEK 475.9m14.3x18.4x0.4x
Sun, 18 Jun 2023SEK 9.6bSEK 23.3bSEK 470.0m16.8x20.5x0.4x
Tue, 16 May 2023SEK 9.3bSEK 23.3bSEK 475.6m17.2x19.5x0.4x
Price to Earnings Ratio

19.5x


Total Market Cap: SEK 9.3bTotal Earnings: SEK 475.6mTotal Revenue: SEK 23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish HR Services Industry Price to Earnings3Y Average 20.7x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Human Resource and Employment Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.2x which is higher than its 3-year average PE of 20.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have declined 27% per year over the last three years,
  • Revenues have also declined 2.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Swedish HR Services compare with similar industries?

SE Market0.77%
Industrials0.69%
Professional Services1.30%
HR Services-0.83%
Research and Consulting Services1.93%
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
VPAB B VeteranpoolenSEK 44.909.5%
+SEK 78.1m		29.8%PE19.6x
FRILAN Invoicery GroupSEK 7.307.4%
+SEK 14.5m		44.6%PE14.8x
PION B PION GroupSEK 5.385.1%
+SEK 12.5m		-8.5%PS0.2x
CALVIK CalviksSEK 47.002.0%
+SEK 4.9m		53.1%PE47x
WISE Wise GroupSEK 17.402.1%
+SEK 2.6m		-1.1%PS0.3x

Latest News

CALVIK
SEK 47.00
Calviks
7D
2.0%
1Y
53.1%
BTS B
SEK 147.60
BTS Group
7D
-1.5%
1Y
-37.7%
Narrative Update • May 04

BTS B: Split 2026 Dividend And Steady Assumptions Will Support Fair Value

Analysts have kept their SEK 153.50 price target for BTS Group unchanged, as only very small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions were made in their updated models. What's in the News The board of directors of BTS Group AB (publ) has proposed a dividend of SEK 4.40 per share for the financial year 2025, to be paid in two equal installments of SEK 2.20 per share, subject to approval at the AGM on May 21, 2026 (Key Developments).
EWRK
SEK 62.00
Ework Group
7D
-3.1%
1Y
-50.5%
VPAB B
SEK 44.90
Veteranpoolen
7D
9.5%
1Y
29.8%
FRILAN
SEK 7.30
Invoicery Group
7D
7.4%
1Y
44.6%
OGUN B
SEK 28.00
Ogunsen
7D
-0.4%
1Y
6.3%
PION B
SEK 5.38
PION Group
7D
5.1%
1Y
-8.5%
WISE
SEK 17.40
Wise Group
7D
2.1%
1Y
-1.1%