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Swedish (OMX) Tech Sector Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies136
  • 7D1.3%
  • 3M10.7%
  • 1Y14.7%
  • YTD12.1%

The Tech industry is up 1.3% in the last week, with Sinch up 35%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to grow by 2.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026SEK 958.2bSEK 438.0bSEK 50.5b24.5x19x2.2x
Tue, 07 Apr 2026SEK 842.3bSEK 443.1bSEK 35.2b23.2x23.9x1.9x
Thu, 05 Mar 2026SEK 858.9bSEK 441.2bSEK 34.9b23.8x24.6x1.9x
Sat, 31 Jan 2026SEK 842.1bSEK 444.3bSEK 39.3b25.4x21.4x1.9x
Mon, 29 Dec 2025SEK 852.5bSEK 448.4bSEK 35.6b27.3x23.9x1.9x
Wed, 26 Nov 2025SEK 872.1bSEK 451.9bSEK 35.9b26.6x24.3x1.9x
Fri, 24 Oct 2025SEK 901.5bSEK 451.9bSEK 32.6b28.6x27.7x2x
Sun, 21 Sep 2025SEK 867.7bSEK 458.1bSEK 25.2b30.4x34.5x1.9x
Tue, 19 Aug 2025SEK 832.0bSEK 458.5bSEK 25.5b29.8x32.6x1.8x
Thu, 17 Jul 2025SEK 868.1bSEK 461.2bSEK 27.0b25.2x32.1x1.9x
Sat, 14 Jun 2025SEK 857.3bSEK 464.2bSEK 10.6b25.8x80.6x1.8x
Mon, 12 May 2025SEK 860.8bSEK 462.3bSEK 10.2b26.6x84.7x1.9x
Wed, 09 Apr 2025SEK 805.3bSEK 461.3bSEK 9.0b23.4x89.9x1.7x
Fri, 07 Mar 2025SEK 959.3bSEK 461.6bSEK 11.5b26.5x83.8x2.1x
Sun, 02 Feb 2025SEK 996.3bSEK 465.2bSEK 4.9b24.2x204.3x2.1x
Tue, 31 Dec 2024SEK 919.7bSEK 465.2bSEK 3.2b25x286.9x2x
Thu, 28 Nov 2024SEK 862.6bSEK 464.1bSEK 3.4b24.8x255.5x1.9x
Sat, 26 Oct 2024SEK 924.4bSEK 463.1bSEK 9.4b26.1x98.4x2x
Mon, 23 Sep 2024SEK 863.6bSEK 464.5b-SEK 27,423,330,476.1327.9x-31.5x1.9x
Wed, 21 Aug 2024SEK 855.8bSEK 463.9b-SEK 27,589,776,446.9726.8x-31x1.8x
Fri, 19 Jul 2024SEK 885.4bSEK 465.3b-SEK 28,183,435,765.9126.6x-31.4x1.9x
Sun, 16 Jun 2024SEK 856.1bSEK 467.2b-SEK 18,025,514,445.5427.7x-47.5x1.8x
Tue, 14 May 2024SEK 859.0bSEK 472.8b-SEK 17,177,984,891.1928.1x-50x1.8x
Thu, 11 Apr 2024SEK 842.2bSEK 481.9b-SEK 18,703,451,019.7428.2x-45x1.7x
Sat, 09 Mar 2024SEK 857.5bSEK 482.0b-SEK 19,158,810,147.9426.8x-44.8x1.8x
Mon, 05 Feb 2024SEK 817.7bSEK 481.6b-SEK 19,219,255,830.0031.5x-42.5x1.7x
Wed, 03 Jan 2024SEK 846.7bSEK 494.7b-SEK 16,323,533,260.0030.7x-51.9x1.7x
Fri, 01 Dec 2023SEK 736.4bSEK 496.0b-SEK 16,359,752,774.0028.4x-45x1.5x
Sun, 29 Oct 2023SEK 640.5bSEK 498.7b-SEK 20,798,883,984.0023.3x-30.8x1.3x
Tue, 26 Sep 2023SEK 699.9bSEK 500.8bSEK 17.4b21.9x40.2x1.4x
Thu, 24 Aug 2023SEK 709.2bSEK 501.3bSEK 17.5b23.6x40.6x1.4x
Sat, 22 Jul 2023SEK 766.5bSEK 498.0bSEK 17.4b24.5x44.1x1.5x
Mon, 19 Jun 2023SEK 858.2bSEK 494.7bSEK 23.5b22.7x36.5x1.7x
Wed, 17 May 2023SEK 802.5bSEK 491.9bSEK 23.5b26.5x34.1x1.6x
Price to Earnings Ratio

34.1x


Total Market Cap: SEK 802.5bTotal Earnings: SEK 23.5bTotal Revenue: SEK 491.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 37.7x202420252026
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 19.0x which is lower than its 3-year average PE of 37.7x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 29% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.7% 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 Market0.77%
Tech1.27%
Software14.12%
Semiconductors13.81%
Tech Hardware3.24%
Communications1.41%
Electronic Equipment and Components-1.11%
IT-1.20%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 33.1x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 7.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 92% over the next 5 years.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings decline by 3.0% 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
SINCH SinchSEK 38.9235.2%
+SEK 7.4b		61.1%PE77.5x
ERIC B Telefonaktiebolaget LM EricssonSEK 109.601.2%
+SEK 4.2b		36.2%PE14.5x
HANZA HanzaSEK 177.2030.1%
+SEK 2.6b		128.4%PE33.3x
SIVE Sivers SemiconductorsSEK 43.5214.5%
+SEK 1.6b		1,048.9%PS35.6x
MYCR MycronicSEK 297.002.8%
+SEK 1.6b		54.4%PE35x

Latest News

HANZA
SEK 177.20
Hanza
7D
30.1%
1Y
128.4%
Analysis Article • May 08

Hanza AB (publ) Just Beat EPS By 11%: Here's What Analysts Think Will Happen Next

Hanza AB (publ) ( STO:HANZA ) just released its latest first-quarter results and things are looking bullish. Hanza beat...
YUBICO
SEK 53.70
Yubico
7D
25.8%
1Y
-70.3%
Analysis Article • May 08

Yubico AB Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's shaping up to be a tough period for Yubico AB ( STO:YUBICO ), which a week ago released some disappointing...
SINCH
SEK 38.92
Sinch
7D
35.2%
1Y
61.1%
CLAV
SEK 4.36
Clavister Holding AB (publ.)
7D
-9.3%
1Y
-0.9%
HEXA B
SEK 95.34
Hexagon
7D
-3.9%
1Y
1.5%
Analysis Article • May 07

The Hexagon AB (publ) (STO:HEXA B) Analysts Have Been Trimming Their Sales Forecasts

Market forces rained on the parade of Hexagon AB (publ) ( STO:HEXA B ) shareholders today, when the analysts downgraded...
ADVE
SEK 22.90
Advenica
7D
-9.7%
1Y
-13.3%
SIVE
SEK 43.52
Sivers Semiconductors
7D
14.5%
1Y
1,048.9%
ANOD B
SEK 46.85
Addnode Group
7D
-2.1%
1Y
-45.1%
FPIP
SEK 21.50
Formpipe Software
7D
-14.0%
1Y
-22.1%
LAGR B
SEK 245.00
Lagercrantz Group
7D
1.6%
1Y
6.0%
Narrative Update • May 03

LAGR B: Balanced Fair Value View As Acquisition-Led Expansion Will Continue

Analysts have nudged their price target on Lagercrantz Group higher to around SEK259 from about SEK245. This reflects updated assumptions that include slightly adjusted discount rates, revenue growth expectations and profit margin levels, alongside a marginally lower future P/E multiple.
EXS
SEK 102.50
Exsitec Holding
7D
-9.3%
1Y
-12.8%
Narrative Update • May 02

EXS: Acquisition Pipeline And Rising Dividend Will Support Bullish Outlook

Analysts have trimmed their price target for Exsitec Holding slightly from SEK161 to SEK159. This reflects updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples.
FIRE
SEK 174.00
Firefly
7D
-8.4%
1Y
-4.4%
HMS
SEK 560.50
HMS Networks
7D
4.0%
1Y
31.3%
ERIC B
SEK 109.60
Telefonaktiebolaget LM Ericsson
7D
1.2%
1Y
36.2%
Narrative Update • May 01

ERIC B: Trusted Tech Alliance And Cost Discipline Will Support Higher Future Multiple

Analysts have trimmed their consolidated price target for Telefonaktiebolaget LM Ericsson to SEK 121, with recent SEK 4 to SEK 10 target increases from some firms and a SEK 1 reduction from another. This reflects mixed views around cost cuts, profit margins and future P/E assumptions.
MYCR
SEK 297.00
Mycronic
7D
2.8%
1Y
54.4%
VERT B
SEK 52.60
Vertiseit
7D
-5.4%
1Y
-9.0%