Narrative Update • Aug 12

Over the last 7 days, the Professional Services industry has remained flat, although notably BTS Group gained 5.0%. 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Aug 2026 | SEK 22.7b | SEK 52.7b | SEK 1.1b | 16.8x | 20.8x | 0.4x |
| Sun, 19 Jul 2026 | SEK 22.8b | SEK 53.2b | SEK 1.1b | 17x | 20.1x | 0.4x |
| Tue, 16 Jun 2026 | SEK 23.5b | SEK 53.2b | SEK 1.1b | 17x | 20.5x | 0.4x |
| Thu, 14 May 2026 | SEK 22.7b | SEK 53.3b | SEK 1.1b | 18.4x | 20x | 0.4x |
| Sat, 11 Apr 2026 | SEK 24.9b | SEK 53.8b | SEK 1.2b | 18x | 21.2x | 0.5x |
| Mon, 09 Mar 2026 | SEK 25.0b | SEK 53.2b | SEK 1.3b | 17.9x | 19.3x | 0.5x |
| Wed, 04 Feb 2026 | SEK 25.7b | SEK 53.7b | SEK 1.4b | 17x | 17.8x | 0.5x |
| Fri, 02 Jan 2026 | SEK 27.5b | SEK 53.7b | SEK 1.4b | 18.3x | 19.1x | 0.5x |
| Sun, 30 Nov 2025 | SEK 28.4b | SEK 51.8b | SEK 1.4b | 18.4x | 19.9x | 0.5x |
| Tue, 28 Oct 2025 | SEK 31.2b | SEK 51.6b | SEK 1.6b | 20.3x | 19.8x | 0.6x |
| Thu, 25 Sep 2025 | SEK 28.1b | SEK 52.1b | SEK 1.6b | 18.8x | 17.6x | 0.5x |
| Sat, 23 Aug 2025 | SEK 29.2b | SEK 51.9b | SEK 1.6b | 17.8x | 17.8x | 0.6x |
| Mon, 21 Jul 2025 | SEK 29.8b | SEK 52.7b | SEK 1.6b | 17.4x | 18.3x | 0.6x |
| Wed, 18 Jun 2025 | SEK 30.9b | SEK 54.3b | SEK 1.9b | 15.9x | 16.6x | 0.6x |
| Fri, 16 May 2025 | SEK 33.5b | SEK 54.5b | SEK 1.8b | 17.2x | 18.4x | 0.6x |
| Sun, 13 Apr 2025 | SEK 33.4b | SEK 55.4b | SEK 2.0b | 13.9x | 17.1x | 0.6x |
| Tue, 11 Mar 2025 | SEK 35.2b | SEK 55.4b | SEK 2.0b | 15.1x | 17.6x | 0.6x |
| Thu, 06 Feb 2025 | SEK 33.9b | SEK 56.0b | SEK 1.9b | 13.5x | 17.5x | 0.6x |
| Sat, 04 Jan 2025 | SEK 31.6b | SEK 56.0b | SEK 1.9b | 13x | 16.3x | 0.6x |
| Mon, 02 Dec 2024 | SEK 30.5b | SEK 56.3b | SEK 1.9b | 13.8x | 15.7x | 0.5x |
| Wed, 30 Oct 2024 | SEK 32.9b | SEK 56.4b | SEK 1.8b | 16x | 18x | 0.6x |
| Fri, 27 Sep 2024 | SEK 35.5b | SEK 56.8b | SEK 1.8b | 17.3x | 19.8x | 0.6x |
| Sun, 25 Aug 2024 | SEK 35.7b | SEK 56.7b | SEK 1.8b | 17.8x | 20.1x | 0.6x |
| Tue, 23 Jul 2024 | SEK 37.7b | SEK 56.8b | SEK 1.8b | 18.8x | 21.1x | 0.7x |
| Thu, 20 Jun 2024 | SEK 35.7b | SEK 56.6b | SEK 1.6b | 18.9x | 22.4x | 0.6x |
| Sat, 18 May 2024 | SEK 36.9b | SEK 56.5b | SEK 1.6b | 18.6x | 23.1x | 0.7x |
| Mon, 15 Apr 2024 | SEK 34.1b | SEK 56.7b | SEK 1.6b | 17.6x | 21.2x | 0.6x |
| Wed, 13 Mar 2024 | SEK 33.9b | SEK 56.6b | SEK 1.6b | 17x | 21.2x | 0.6x |
| Fri, 09 Feb 2024 | SEK 32.7b | SEK 56.8b | SEK 1.6b | 16.9x | 20.1x | 0.6x |
| Sun, 07 Jan 2024 | SEK 32.7b | SEK 58.6b | SEK 1.9b | 17.5x | 17.1x | 0.6x |
| Tue, 05 Dec 2023 | SEK 29.9b | SEK 58.6b | SEK 1.9b | 16.7x | 15.6x | 0.5x |
| Thu, 02 Nov 2023 | SEK 28.6b | SEK 58.5b | SEK 1.9b | 15.6x | 14.9x | 0.5x |
| Sat, 30 Sep 2023 | SEK 30.1b | SEK 57.5b | SEK 2.0b | 15.7x | 15.1x | 0.5x |
| Mon, 28 Aug 2023 | SEK 31.8b | SEK 57.5b | SEK 2.0b | 15.7x | 15.9x | 0.6x |
15.9x
Which industries have driven the changes within the Swedish Industrials industry?
| SE Market | -0.68% | |
| Industrials | -1.15% | |
| Professional Services | 0.42% | |
| HR Services | 2.59% | |
| Research and Consulting Services | -0.31% | |
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 | |
| FRNT B Front Ventures | SEK 13.28 | 8.7% +SEK 5.9m | 48.4% | PS18.9x |