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Swedish (OMX) Tech Sector Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies138
  • 7D1.6%
  • 3M-5.4%
  • 1Y6.9%
  • YTD4.4%

Sivers Semiconductors is up 41%, leading the way for the Tech industry, which has gained 1.6%. In the last 12 months, the industry was up 6.9%. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026SEK 909.2bSEK 440.6bSEK 50.9b21.3x17.8x2.1x
Thu, 09 Jul 2026SEK 872.8bSEK 441.2bSEK 50.3b22.4x17.4x2x
Sat, 06 Jun 2026SEK 973.8bSEK 440.0bSEK 50.8b23.1x19.2x2.2x
Mon, 04 May 2026SEK 915.9bSEK 437.3bSEK 50.2b23.6x18.2x2.1x
Wed, 01 Apr 2026SEK 838.1bSEK 443.3bSEK 35.2b23.4x23.8x1.9x
Fri, 27 Feb 2026SEK 852.8bSEK 441.3bSEK 36.9b21.9x23.1x1.9x
Sun, 25 Jan 2026SEK 846.7bSEK 444.4bSEK 39.3b25.2x21.6x1.9x
Tue, 23 Dec 2025SEK 855.9bSEK 449.0bSEK 35.7b27.4x24x1.9x
Thu, 20 Nov 2025SEK 857.7bSEK 451.5bSEK 35.9b25.9x23.9x1.9x
Sat, 18 Oct 2025SEK 883.5bSEK 452.2bSEK 32.6b28.2x27.1x2x
Mon, 15 Sep 2025SEK 839.0bSEK 457.4bSEK 25.1b31x33.5x1.8x
Wed, 13 Aug 2025SEK 837.5bSEK 458.4bSEK 25.7b30.1x32.6x1.8x
Fri, 11 Jul 2025SEK 900.9bSEK 464.2bSEK 10.9b26.7x82.6x1.9x
Sun, 08 Jun 2025SEK 892.4bSEK 464.4bSEK 10.7b25.5x83.4x1.9x
Tue, 06 May 2025SEK 866.6bSEK 461.8bSEK 10.1b26.3x85.8x1.9x
Thu, 03 Apr 2025SEK 893.4bSEK 459.9bSEK 8.4b25.4x107x1.9x
Sat, 01 Mar 2025SEK 988.0bSEK 462.9bSEK 11.4b26.4x86.8x2.1x
Mon, 27 Jan 2025SEK 956.3bSEK 465.1bSEK 4.6b26.4x209.7x2.1x
Wed, 25 Dec 2024SEK 917.1bSEK 465.5bSEK 3.2b24.9x284.2x2x
Fri, 22 Nov 2024SEK 854.4bSEK 463.8bSEK 3.4b23.7x253.5x1.8x
Sun, 20 Oct 2024SEK 900.0bSEK 462.9bSEK 7.0b27.1x128.6x1.9x
Tue, 17 Sep 2024SEK 844.8bSEK 464.0b-SEK 27,391,485,856.9027.4x-30.8x1.8x
Thu, 15 Aug 2024SEK 830.8bSEK 465.0b-SEK 27,383,403,651.3426x-30.3x1.8x
Sat, 13 Jul 2024SEK 905.3bSEK 468.3b-SEK 17,899,174,338.1127.4x-50.6x1.9x
Mon, 10 Jun 2024SEK 876.3bSEK 468.0b-SEK 17,970,997,191.5827.8x-48.8x1.9x
Wed, 08 May 2024SEK 849.7bSEK 472.7b-SEK 17,191,707,357.2128.5x-49.4x1.8x
Fri, 05 Apr 2024SEK 860.6bSEK 483.1b-SEK 18,685,464,294.8527x-46.1x1.8x
Sun, 03 Mar 2024SEK 859.7bSEK 482.0b-SEK 19,314,501,979.2726.1x-44.5x1.8x
Tue, 30 Jan 2024SEK 830.3bSEK 480.6b-SEK 19,019,619,067.0031.5x-43.7x1.7x
Thu, 28 Dec 2023SEK 855.0bSEK 493.9b-SEK 16,389,717,663.0030.7x-52.2x1.7x
Sat, 25 Nov 2023SEK 731.5bSEK 497.0b-SEK 16,220,488,111.0027.5x-45.1x1.5x
Mon, 23 Oct 2023SEK 661.5bSEK 496.5b-SEK 18,528,865,509.0022.1x-35.7x1.3x
Wed, 20 Sep 2023SEK 697.8bSEK 502.0bSEK 17.6b22x39.7x1.4x
Fri, 18 Aug 2023SEK 714.3bSEK 500.9bSEK 17.4b24.2x41x1.4x
Price to Earnings Ratio

41x


Total Market Cap: SEK 714.3bTotal Earnings: SEK 17.4bTotal Revenue: SEK 500.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 36.1x202420252026
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 17.8x which is lower than its 3-year average PE of 36.1x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 43% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

SE Market0.56%
Tech1.57%
Semiconductors14.25%
Software6.32%
IT2.41%
Electronic Equipment and Components1.55%
Tech Hardware0.37%
Communications-0.67%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 69.9x.
    • Analysts are expecting annual earnings growth of 50.5%, which is higher than its past year's earnings growth of 39.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings growth rate of 39% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings decline by 12% 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
SIVE Sivers SemiconductorsSEK 43.8440.6%
+SEK 4.3b		1,140.5%PS51.4x
HEXA B HexagonSEK 97.301.5%
+SEK 3.8b		-10.1%PE11.2x
SINCH SinchSEK 43.788.8%
+SEK 2.6b		40.8%PE68.6x
YUBICO YubicoSEK 87.8539.7%
+SEK 2.1b		-35.9%PE49.9x
LAGR B Lagercrantz GroupSEK 233.602.5%
+SEK 1.2b		-0.2%PE38.5x

Latest News

YUBICO
SEK 94.55
Yubico
7D
52.5%
1Y
-31.7%
HMS
SEK 483.80
HMS Networks
7D
-3.0%
1Y
16.4%
LAGR B
SEK 230.40
Lagercrantz Group
7D
-0.6%
1Y
-1.3%
VIT B
SEK 243.60
Vitec Software Group
7D
3.4%
1Y
-33.6%
ERIC B
SEK 96.20
Telefonaktiebolaget LM Ericsson
7D
-2.3%
1Y
31.1%
SINCH
SEK 44.22
Sinch
7D
8.0%
1Y
46.7%
HEXA B
SEK 96.52
Hexagon
7D
-0.8%
1Y
-11.0%
Narrative Update • Aug 05

HEXA B: Post Octave Execution And Margin Upside Will Support Future Re-Rating

Analysts have raised Hexagon’s fair value estimate from SEK 119.92 to SEK 123.96, citing updated price targets in the SEK 90 to SEK 100 range and noting that current margins and growth potential are already well reflected in the stock. Analyst Commentary Recent Street research on Hexagon points to a mixed but generally constructive tone, with several bullish analysts lifting price targets and highlighting the company’s ability to execute on its precision measurement and positioning businesses.
NCAB
SEK 72.70
NCAB Group
7D
2.3%
1Y
37.3%
SIVE
SEK 41.60
Sivers Semiconductors
7D
12.3%
1Y
1,097.5%
MYCR
SEK 320.80
Mycronic
7D
-1.1%
1Y
49.9%
Narrative Update • Aug 03

MYCR: Higher Guidance And Orders Will Face Lower Margin Pressure

Analysts have lifted their price target for Mycronic from SEK 161 to SEK 211, citing updated assumptions on growth, margins and P/E multiples, along with recent supportive Street research that includes a SEK 385 target. What’s in the News for Mycronic Mycronic received an SLX mask writer order from an existing customer in Asia, valued between US$5 million and US$7 million, with delivery planned for the second quarter of 2027.
HANZA
SEK 133.00
Hanza
7D
-2.3%
1Y
19.8%
SILEX
SEK 167.45
Silex Microsystems
7D
-4.2%
1Y
n/a
New Narrative • Aug 01

Future Customer Concentration And U.S. Fab Expansion Will Pressure Margins

Catalysts About Silex Microsystems Silex Microsystems operates as a pure play MEMS foundry serving a wide range of global customers. What are the underlying business or industry changes driving this perspective?
ANOD B
SEK 41.25
Addnode Group
7D
2.6%
1Y
-62.2%
Narrative Update • Jul 29

nan

Analysts have reduced their price target on Addnode Group to SEK 94 from SEK 124, citing updated assumptions for fair value, a slightly higher discount rate, and moderated expectations for revenue growth, profit margins, and future P/E levels. What’s in the News for Addnode Group There are no recent Addnode Group specific news items or key developments provided in the available sources up to 29 Jul 2026.
TRUE B
SEK 19.64
Truecaller
7D
3.4%
1Y
-57.2%
Analysis Article • Jul 29

Rainbows and Unicorns: Truecaller AB (publ) (STO:TRUE B) Analysts Just Became A Lot More Optimistic

Truecaller AB (publ) ( STO:TRUE B ) shareholders will have a reason to smile today, with the analysts making...
EPEN
SEK 156.40
Ependion
7D
-2.6%
1Y
30.3%
Analysis Article • Jul 19

Ependion AB Just Beat Revenue By 6.9%: Here's What Analysts Think Will Happen Next

Investors in Ependion AB ( STO:EPEN ) had a good week, as its shares rose 4.8% to close at kr156 following the release...
SEYE
SEK 97.95
Smart Eye
7D
14.6%
1Y
55.6%
Analysis Article • May 21

Smart Eye AB (publ) (STO:SEYE) Released Earnings Last Week And Analysts Lifted Their Price Target To kr114

The investors in Smart Eye AB (publ) 's ( STO:SEYE ) will be rubbing their hands together with glee today, after the...