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Swedish (OMX) HR Services Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.4%
  • 3M12.0%
  • 1Y-22.0%
  • YTDn/a

Over the last 7 days, the HR Services industry has remained flat, although notably Veteranpoolen gained 9.5%. Unfortunately though, the industry is down 22% over the past 12 months. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026SEK 5.5bSEK 22.1bSEK 203.3m20.8x27.1x0.2x
Thu, 21 May 2026SEK 5.4bSEK 22.2bSEK 201.5m22.6x27x0.2x
Sat, 18 Apr 2026SEK 5.7bSEK 22.3bSEK 208.4m17.5x27.2x0.3x
Mon, 16 Mar 2026SEK 4.9bSEK 22.0bSEK 239.2m15.9x20.6x0.2x
Wed, 11 Feb 2026SEK 5.0bSEK 22.7bSEK 263.1m16.3x19.1x0.2x
Fri, 09 Jan 2026SEK 5.6bSEK 22.3bSEK 257.1m17x21.7x0.2x
Sun, 07 Dec 2025SEK 5.5bSEK 22.3bSEK 257.1m16.9x21.4x0.2x
Tue, 04 Nov 2025SEK 6.3bSEK 20.3bSEK 392.6m18x16x0.3x
Thu, 02 Oct 2025SEK 6.2bSEK 20.5bSEK 402.6m17.6x15.5x0.3x
Sat, 30 Aug 2025SEK 6.6bSEK 20.2bSEK 418.7m16.5x15.9x0.3x
Mon, 28 Jul 2025SEK 6.9bSEK 20.3bSEK 424.8m15.8x16.2x0.3x
Wed, 25 Jun 2025SEK 7.9bSEK 21.5bSEK 472.0m16.5x16.8x0.4x
Fri, 23 May 2025SEK 8.1bSEK 21.5bSEK 475.4m16.8x17x0.4x
Sun, 20 Apr 2025SEK 8.5bSEK 22.2bSEK 532.3m13.3x15.9x0.4x
Tue, 18 Mar 2025SEK 9.3bSEK 22.2bSEK 532.6m14.3x17.4x0.4x
Thu, 13 Feb 2025SEK 9.8bSEK 22.8bSEK 569.7m12.8x17.1x0.4x
Sat, 11 Jan 2025SEK 9.3bSEK 22.8bSEK 569.7m12.3x16.4x0.4x
Mon, 09 Dec 2024SEK 9.2bSEK 22.8bSEK 569.7m12.7x16.2x0.4x
Wed, 06 Nov 2024SEK 9.6bSEK 22.8bSEK 429.6m17.3x22.3x0.4x
Fri, 04 Oct 2024SEK 9.6bSEK 23.2bSEK 425.6m17.8x22.5x0.4x
Sun, 01 Sep 2024SEK 9.5bSEK 23.1bSEK 424.1m17.9x22.5x0.4x
Tue, 30 Jul 2024SEK 10.3bSEK 23.1bSEK 411.5m19.5x24.9x0.4x
Thu, 27 Jun 2024SEK 10.1bSEK 23.4bSEK 421.3m19.2x23.9x0.4x
Sat, 25 May 2024SEK 10.6bSEK 23.3bSEK 418.4m18.4x25.3x0.5x
Mon, 22 Apr 2024SEK 10.5bSEK 23.8bSEK 392.2m17.9x26.7x0.4x
Wed, 20 Mar 2024SEK 10.7bSEK 23.8bSEK 392.2m17.5x27.3x0.5x
Fri, 16 Feb 2024SEK 10.2bSEK 23.8bSEK 365.6m18.9x28x0.4x
Sun, 14 Jan 2024SEK 10.0bSEK 23.9bSEK 374.9m17.5x26.7x0.4x
Tue, 12 Dec 2023SEK 8.9bSEK 23.9bSEK 374.9m16.1x23.7x0.4x
Thu, 09 Nov 2023SEK 8.5bSEK 23.9bSEK 413.1m14.9x20.5x0.4x
Sat, 07 Oct 2023SEK 8.5bSEK 23.8bSEK 426.2m13.5x20x0.4x
Mon, 04 Sep 2023SEK 9.3bSEK 23.8bSEK 426.2m14.8x21.9x0.4x
Wed, 02 Aug 2023SEK 8.8bSEK 23.7bSEK 455.1m16x19.3x0.4x
Fri, 30 Jun 2023SEK 9.4bSEK 23.3bSEK 470.0m16.4x20x0.4x
Price to Earnings Ratio

20x


Total Market Cap: SEK 9.4bTotal Earnings: SEK 470.0mTotal Revenue: SEK 23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish HR Services Industry Price to Earnings3Y Average 21.1x202420252026
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 27.1x which is higher than its 3-year average PE of 21.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have declined 24% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 HR Services compare with similar industries?

SE Market0.19%
Industrials1.13%
Professional Services-2.49%
HR Services-0.39%
Research and Consulting Services-3.14%
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 6.6512.7%
+SEK 21.8m		26.7%PE10.2x
OGUN B OgunsenSEK 25.401.2%
+SEK 3.2m		-1.2%PE17x
WISE Wise GroupSEK 15.252.3%
+SEK 3.1m		-10.0%PS0.3x
CALVIK CalviksSEK 59.000.7%
+SEK 2.2m		96.7%PE73.8x

Latest News

EWRK
SEK 55.30
Ework Group
7D
-3.8%
1Y
-45.7%
BTS B
SEK 171.00
BTS Group
7D
-0.3%
1Y
-21.2%
Narrative Update • Jun 22

BTS B: Split 2026 Dividend And Stable Forecasts Will Support Fair Value

Analysts have kept their SEK 177.50 price target for BTS Group unchanged, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E inputs. These reflect small adjustments to their valuation framework rather than a shift in overall conviction.
NGS
SEK 2.35
NGS Group
7D
-3.3%
1Y
-18.4%
WISE
SEK 15.25
Wise Group
7D
2.3%
1Y
-10.0%
OGUN B
SEK 25.40
Ogunsen
7D
1.2%
1Y
-1.2%
Analysis Article • May 30

Ogunsen's (STO:OGUN B) Solid Earnings Have Been Accounted For Conservatively

Ogunsen AB (publ)'s ( STO:OGUN B ) recent earnings report didn't offer any surprises, with the shares unchanged over...
CALVIK
SEK 59.00
Calviks
7D
0.7%
1Y
96.7%
FRILAN
SEK 6.65
Invoicery Group
7D
12.7%
1Y
26.7%
VPAB B
SEK 44.90
Veteranpoolen
7D
9.5%
1Y
29.8%