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Swedish (OMX) Tech Sector Analysis

UpdatedJul 06, 2025
DataAggregated Company Financials
Companies145
  • 7D1.2%
  • 3M13.8%
  • 1Y-0.5%
  • YTD-4.4%

In the last week, the Tech industry is up 1.2%, with Telefonaktiebolaget LM Ericsson up 1.2%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

Has the Swedish Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 07 Jul 2025SEK 895.9bSEK 465.1bSEK 11.1b25.3x81.1x1.9x
Wed, 04 Jun 2025SEK 881.8bSEK 464.2bSEK 10.6b24.7x82.8x1.9x
Fri, 02 May 2025SEK 863.5bSEK 463.2bSEK 10.2b25.9x84.9x1.9x
Sun, 30 Mar 2025SEK 891.6bSEK 460.1bSEK 11.0b25.9x80.8x1.9x
Tue, 25 Feb 2025SEK 984.1bSEK 461.1bSEK 9.4b27.2x105.2x2.1x
Thu, 23 Jan 2025SEK 974.5bSEK 464.1bSEK 3.2b25.1x306.9x2.1x
Sat, 21 Dec 2024SEK 914.3bSEK 464.9bSEK 3.2b24.7x283.3x2x
Mon, 18 Nov 2024SEK 865.9bSEK 463.7bSEK 3.4b24x256.7x1.9x
Wed, 16 Oct 2024SEK 891.3bSEK 462.3bSEK 7.1b26.4x125.2x1.9x
Fri, 13 Sep 2024SEK 846.3bSEK 464.7b-SEK 27,439,151,901.6827.8x-30.8x1.8x
Sun, 11 Aug 2024SEK 827.2bSEK 464.7b-SEK 27,400,420,292.9625.1x-30.2x1.8x
Tue, 09 Jul 2024SEK 892.3bSEK 468.1b-SEK 17,911,851,627.8930x-49.8x1.9x
Thu, 06 Jun 2024SEK 873.3bSEK 467.5b-SEK 17,575,190,637.1327x-49.7x1.9x
Sat, 04 May 2024SEK 830.3bSEK 472.3b-SEK 17,211,945,436.2728.2x-48.2x1.8x
Mon, 01 Apr 2024SEK 867.0bSEK 483.0b-SEK 18,692,330,293.2628.5x-46.4x1.8x
Wed, 28 Feb 2024SEK 850.9bSEK 482.0b-SEK 19,411,699,978.1327.4x-43.8x1.8x
Fri, 26 Jan 2024SEK 828.6bSEK 480.7b-SEK 18,974,168,890.0031.1x-43.7x1.7x
Sun, 24 Dec 2023SEK 844.7bSEK 493.9b-SEK 16,393,310,974.0029.3x-51.5x1.7x
Tue, 21 Nov 2023SEK 727.7bSEK 497.0b-SEK 16,236,186,583.0027.3x-44.8x1.5x
Thu, 19 Oct 2023SEK 666.0bSEK 496.2b-SEK 18,580,234,260.0021.2x-35.8x1.3x
Sat, 16 Sep 2023SEK 702.8bSEK 502.0bSEK 17.6b22.7x40x1.4x
Mon, 14 Aug 2023SEK 736.5bSEK 500.9bSEK 17.4b24.1x42.3x1.5x
Wed, 12 Jul 2023SEK 806.6bSEK 495.1bSEK 23.5b23.5x34.3x1.6x
Fri, 09 Jun 2023SEK 832.1bSEK 494.3bSEK 23.5b23.3x35.4x1.7x
Sun, 07 May 2023SEK 806.4bSEK 490.7bSEK 23.3b26.9x34.5x1.6x
Tue, 04 Apr 2023SEK 819.8bSEK 478.5bSEK 24.1b27.3x34x1.7x
Thu, 02 Mar 2023SEK 803.3bSEK 452.9bSEK 24.0b27.7x33.5x1.8x
Sat, 28 Jan 2023SEK 819.5bSEK 446.4bSEK 27.7b26.2x29.6x1.8x
Mon, 26 Dec 2022SEK 772.6bSEK 429.2bSEK 30.5b26.6x25.4x1.8x
Wed, 23 Nov 2022SEK 806.3bSEK 427.7bSEK 30.2b25x26.7x1.9x
Fri, 21 Oct 2022SEK 724.7bSEK 405.4bSEK 35.1b23.7x20.6x1.8x
Sun, 18 Sep 2022SEK 791.2bSEK 404.1bSEK 35.0b25.1x22.6x2x
Tue, 16 Aug 2022SEK 889.3bSEK 401.9bSEK 35.0b25.6x25.4x2.2x
Thu, 14 Jul 2022SEK 843.3bSEK 385.4bSEK 33.4b23.9x25.2x2.2x
Price to Earnings Ratio

25.2x


Total Market Cap: SEK 843.3bTotal Earnings: SEK 33.4bTotal Revenue: SEK 385.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 37.4x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 81.1x which is higher than its 3-year average PE of 37.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 31% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.5% 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 Trends

Which industries have driven the changes within the Swedish Tech sector?

SE Market0.60%
Tech1.24%
IT3.24%
Software2.49%
Semiconductors1.95%
Communications1.55%
Tech Hardware0.96%
Electronic Equipment and Components0.31%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 59.3x.
    • Analysts are expecting annual earnings growth of 31.3%, which is higher than its past year's earnings decline of 35.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 77% over the next 5 years.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ERIC B Telefonaktiebolaget LM EricssonSEK 82.061.4%
+SEK 3.7b		20.9%PE169.9x
LAGR B Lagercrantz GroupSEK 236.403.9%
+SEK 1.8b		31.9%PE47.8x
HEXA B HexagonSEK 95.720.6%
+SEK 1.5b		-21.1%PE23.6x
SINCH SinchSEK 29.045.8%
+SEK 1.3b		18.6%PS0.8x
ANOD B Addnode GroupSEK 117.406.0%
+SEK 881.1m		-11.3%PE42.1x

Latest News

SINCH
SEK 29.04
Sinch
7D
5.8%
1Y
18.6%

Sinch (STO:SINCH) Has A Pretty Healthy Balance Sheet

Jul 07
Sinch (STO:SINCH) Has A Pretty Healthy Balance Sheet
LAGR B
SEK 236.40
Lagercrantz Group
7D
3.9%
1Y
31.9%

Some Shareholders Feeling Restless Over Lagercrantz Group AB (publ)'s (STO:LAGR B) P/E Ratio

Jul 07
Some Shareholders Feeling Restless Over Lagercrantz Group AB (publ)'s (STO:LAGR B) P/E Ratio
IAR B
SEK 177.60
IAR Systems Group
7D
60.6%
1Y
-0.2%
INT
SEK 103.00
Intellego Technologies
7D
31.4%
1Y
285.0%
DUST
SEK 1.73
Dustin Group
7D
-27.1%
1Y
-84.8%
ANOD B
SEK 117.40
Addnode Group
7D
6.0%
1Y
-11.3%
LIME
SEK 387.00
Lime Technologies
7D
-6.7%
1Y
9.5%

Lime Technologies (STO:LIME) Will Pay A Dividend Of SEK2.00

Jul 02
Lime Technologies (STO:LIME) Will Pay A Dividend Of SEK2.00
HEXA B
SEK 95.72
Hexagon
7D
0.6%
1Y
-21.1%

Is Hexagon (STO:HEXA B) Using Too Much Debt?

Jun 30
Is Hexagon (STO:HEXA B) Using Too Much Debt?
ERIC B
SEK 82.06
Telefonaktiebolaget LM Ericsson
7D
1.4%
1Y
20.9%

These 4 Measures Indicate That Telefonaktiebolaget LM Ericsson (STO:ERIC B) Is Using Debt Reasonably Well

Jun 29
These 4 Measures Indicate That Telefonaktiebolaget LM Ericsson (STO:ERIC B) Is Using Debt Reasonably Well
MYCR
SEK 205.60
Mycronic
7D
1.9%
1Y
-3.7%
DORO
SEK 36.15
Doro
7D
-11.0%
1Y
69.7%
FNOX
SEK 88.18
Fortnox
7D
-4.1%
1Y
37.7%
NEO B
SEK 5.64
Neovici Holding
7D
-19.0%
1Y
-61.2%
CLAV
SEK 4.42
Clavister Holding AB (publ.)
7D
-6.0%
1Y
217.6%
NOTE
SEK 176.20
NOTE
7D
-1.9%
1Y
20.1%
BERNER B
SEK 52.60
Berner Industrier
7D
-9.6%
1Y
25.2%

Berner Industrier (STO:BERNER B) Has More To Do To Multiply In Value Going Forward

May 24
Berner Industrier (STO:BERNER B) Has More To Do To Multiply In Value Going Forward