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

Swedish (OMX) Tech Sector Analysis

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies144
  • 7D0.4%
  • 3M2.0%
  • 1Y-0.2%
  • YTD-6.4%

The Tech industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 Aug 2025SEK 836.1bSEK 458.5bSEK 25.5b30.4x32.8x1.8x
Sun, 20 Jul 2025SEK 880.5bSEK 461.0bSEK 26.9b28.6x32.7x1.9x
Tue, 17 Jun 2025SEK 868.5bSEK 464.3bSEK 10.7b25.4x81.5x1.9x
Thu, 15 May 2025SEK 890.6bSEK 462.3bSEK 10.1b27.1x88.2x1.9x
Sat, 12 Apr 2025SEK 781.4bSEK 461.9bSEK 9.1b23.8x86.2x1.7x
Mon, 10 Mar 2025SEK 953.5bSEK 461.3bSEK 11.4b26.6x83.6x2.1x
Wed, 05 Feb 2025SEK 988.2bSEK 464.7bSEK 4.8b24.7x204.3x2.1x
Fri, 03 Jan 2025SEK 930.2bSEK 464.9bSEK 3.3b25.9x284.6x2x
Sun, 01 Dec 2024SEK 869.7bSEK 464.9bSEK 3.3b25.4x266.3x1.9x
Tue, 29 Oct 2024SEK 942.9bSEK 463.4bSEK 9.4b25.7x99.9x2x
Thu, 26 Sep 2024SEK 868.4bSEK 464.4b-SEK 27,429,496,113.5727.6x-31.7x1.9x
Sat, 24 Aug 2024SEK 863.0bSEK 464.6b-SEK 27,505,881,611.8626.4x-31.4x1.9x
Mon, 22 Jul 2024SEK 879.1bSEK 465.6b-SEK 27,417,241,470.7126x-32.1x1.9x
Wed, 19 Jun 2024SEK 859.5bSEK 466.9b-SEK 18,044,602,928.3528.4x-47.6x1.8x
Fri, 17 May 2024SEK 869.1bSEK 472.4b-SEK 17,391,754,243.8228x-50x1.8x
Sun, 14 Apr 2024SEK 840.1bSEK 482.4b-SEK 18,669,126,032.4328x-45x1.7x
Tue, 12 Mar 2024SEK 859.9bSEK 482.1b-SEK 19,151,067,182.9226.5x-44.9x1.8x
Thu, 08 Feb 2024SEK 816.2bSEK 480.7b-SEK 19,197,253,160.2831.4x-42.5x1.7x
Sat, 06 Jan 2024SEK 830.1bSEK 495.0b-SEK 16,298,707,795.0030.6x-50.9x1.7x
Mon, 04 Dec 2023SEK 737.1bSEK 495.3b-SEK 16,263,728,760.0029.6x-45.3x1.5x
Wed, 01 Nov 2023SEK 652.1bSEK 498.8b-SEK 20,794,139,130.0023.3x-31.4x1.3x
Fri, 29 Sep 2023SEK 686.4bSEK 499.7bSEK 17.3b22.4x39.7x1.4x
Sun, 27 Aug 2023SEK 700.6bSEK 501.9bSEK 17.6b24.7x39.9x1.4x
Tue, 25 Jul 2023SEK 775.7bSEK 497.6bSEK 17.4b25x44.7x1.6x
Thu, 22 Jun 2023SEK 828.2bSEK 495.3bSEK 23.6b22.7x35.1x1.7x
Sat, 20 May 2023SEK 820.9bSEK 492.3bSEK 23.6b25.8x34.8x1.7x
Mon, 17 Apr 2023SEK 827.3bSEK 478.5bSEK 24.2b27.9x34.3x1.7x
Wed, 15 Mar 2023SEK 793.0bSEK 453.4bSEK 23.8b27.2x33.3x1.7x
Fri, 10 Feb 2023SEK 838.0bSEK 445.8bSEK 27.9b27.8x30x1.9x
Sun, 08 Jan 2023SEK 804.0bSEK 429.3bSEK 30.5b27.2x26.4x1.9x
Tue, 06 Dec 2022SEK 838.6bSEK 427.4bSEK 30.2b26.2x27.8x2x
Thu, 03 Nov 2022SEK 757.1bSEK 422.5bSEK 35.0b26.2x21.6x1.8x
Sat, 01 Oct 2022SEK 733.6bSEK 404.6bSEK 35.0b22.5x20.9x1.8x
Mon, 29 Aug 2022SEK 839.7bSEK 403.1bSEK 34.9b25.2x24.1x2.1x
Price to Earnings Ratio

24.1x


Total Market Cap: SEK 839.7bTotal Earnings: SEK 34.9bTotal Revenue: SEK 403.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 38.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Swedish Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 32.8x which is lower than its 3-year average PE of 38.1x.
  • 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 9.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% 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 Market0.66%
Tech0.44%
Semiconductors9.18%
Communications1.19%
Software1.04%
Electronic Equipment and Components0.012%
IT-0.78%
Tech Hardware-2.99%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry even though it's trading below its 3-year average PE ratio of 2kx.
    • Analysts are expecting annual earnings growth of 48.3%, which is higher than its past year's earnings growth of 18.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 88% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings grow by 5.6% 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 74.061.0%
+SEK 2.4b		-0.6%PE14.3x
VIT B Vitec Software GroupSEK 381.605.4%
+SEK 773.9m		-28.2%PE38.7x
HMS HMS NetworksSEK 440.803.3%
+SEK 712.6m		5.9%PE60x
EPEN EpendionSEK 131.4010.1%
+SEK 385.8m		24.2%PE32.7x
GREAT Greater ThanSEK 37.80270.6%
+SEK 377.4m		-28.7%PS18.6x

Latest News

ERIC B
SEK 74.06
Telefonaktiebolaget LM Ericsson
7D
1.0%
1Y
-0.6%

Telefonaktiebolaget LM Ericsson (publ)'s (STO:ERIC B) Revenues Are Not Doing Enough For Some Investors

Aug 22
Telefonaktiebolaget LM Ericsson (publ)'s (STO:ERIC B) Revenues Are Not Doing Enough For Some Investors
EPEN
SEK 131.40
Ependion
7D
10.1%
1Y
24.2%

Is Now An Opportune Moment To Examine Ependion AB (STO:EPEN)?

Aug 22
Is Now An Opportune Moment To Examine Ependion AB (STO:EPEN)?
GREAT
SEK 37.80
Greater Than
7D
270.6%
1Y
-28.7%
FRACTL
SEK 38.20
Fractal Gaming Group
7D
-23.6%
1Y
15.8%
DYVOX
SEK 121.90
Dynavox Group
7D
-0.9%
1Y
131.3%

Expanding Global Presence Will Unlock Untapped Market Demand

The upward revision in Dynavox Group's price target reflects higher earnings expectations as evidenced by increases in both forecast P/E and net profit margin, raising the consensus fair value from SEK120.50 to SEK132.33. Valuation Changes Summary of Valuation Changes for Dynavox Group The Consensus Analyst Price Target has risen from SEK120.50 to SEK132.33.
HEXA B
SEK 106.75
Hexagon
7D
-0.1%
1Y
3.7%

Should You Be Adding Hexagon (STO:HEXA B) To Your Watchlist Today?

Aug 21
Should You Be Adding Hexagon (STO:HEXA B) To Your Watchlist Today?
LAGR B
SEK 227.60
Lagercrantz Group
7D
-1.4%
1Y
28.9%
VIT B
SEK 381.60
Vitec Software Group
7D
5.4%
1Y
-28.2%
YUBICO
SEK 137.35
Yubico
7D
2.0%
1Y
-54.1%
MYCR
SEK 213.25
Mycronic
7D
0.4%
1Y
11.9%
NTEK B
SEK 88.00
Novotek
7D
-15.8%
1Y
33.3%
CINT
SEK 6.95
Cint Group
7D
-4.9%
1Y
-32.7%
TRUE B
SEK 46.86
Truecaller
7D
-1.1%
1Y
31.9%
SINCH
SEK 29.57
Sinch
7D
-0.9%
1Y
3.4%

Are Investors Undervaluing Sinch AB (publ) (STO:SINCH) By 42%?

Aug 12
Are Investors Undervaluing Sinch AB (publ) (STO:SINCH) By 42%?
HMS
SEK 440.80
HMS Networks
7D
3.3%
1Y
5.9%

Red Lion And PEAK-System Integration Will Drive Efficiency Improvements

The upward revision in HMS Networks’ price target is primarily driven by a significant increase in consensus revenue growth forecasts, while profit margins remain stable, resulting in the target rising from SEK496.67 to SEK528.33. Valuation Changes Summary of Valuation Changes for HMS Networks The Consensus Analyst Price Target has risen from SEK496.67 to SEK528.33.
NOTE
SEK 193.10
NOTE
7D
4.8%
1Y
45.0%

Results: NOTE AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Jul 18
Results: NOTE AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates