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Swedish (OMX) Tech Sector Analysis

UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies158
  • 7D4.2%
  • 3M9.3%
  • 1Y24.5%
  • YTD7.1%

Over the last 7 days, the Tech industry has dropped 2.8%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 13%. On the other hand HMS Networks is actually up 16%. In the past year, the industry has gained 20%. As for the next few years, earnings are expected to grow by 28% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Feb 2025SEK 996.1bSEK 465.3bSEK 4.6b24.8x215.1x2.1x
Mon, 30 Dec 2024SEK 923.2bSEK 465.2bSEK 3.2b25x288.9x2x
Wed, 27 Nov 2024SEK 871.4bSEK 464.1bSEK 3.4b24.4x258.3x1.9x
Fri, 25 Oct 2024SEK 908.1bSEK 463.3bSEK 7.7b25.9x117.8x2x
Sun, 22 Sep 2024SEK 863.6bSEK 464.5b-SEK 27,423,330,476.1327.9x-31.5x1.9x
Tue, 20 Aug 2024SEK 858.2bSEK 464.4b-SEK 27,561,495,951.0426.6x-31.1x1.8x
Thu, 18 Jul 2024SEK 889.8bSEK 465.1b-SEK 28,206,566,733.0326.3x-31.5x1.9x
Sat, 15 Jun 2024SEK 856.1bSEK 467.2b-SEK 18,025,514,445.5427.7x-47.5x1.8x
Mon, 13 May 2024SEK 858.2bSEK 472.7b-SEK 17,186,221,925.3827.6x-49.9x1.8x
Wed, 10 Apr 2024SEK 848.4bSEK 482.6b-SEK 18,720,600,136.5228.1x-45.3x1.8x
Fri, 08 Mar 2024SEK 854.9bSEK 482.1b-SEK 19,155,372,817.2126.6x-44.6x1.8x
Sun, 04 Feb 2024SEK 817.7bSEK 481.6b-SEK 19,219,255,830.0031.5x-42.5x1.7x
Tue, 02 Jan 2024SEK 857.4bSEK 494.5b-SEK 16,342,005,402.0030.3x-52.5x1.7x
Thu, 30 Nov 2023SEK 737.1bSEK 496.6b-SEK 16,359,468,605.0028.5x-45.1x1.5x
Sat, 28 Oct 2023SEK 640.5bSEK 498.3b-SEK 20,785,931,984.0023.5x-30.8x1.3x
Mon, 25 Sep 2023SEK 697.8bSEK 501.7bSEK 17.5b21.2x39.9x1.4x
Wed, 23 Aug 2023SEK 709.2bSEK 501.4bSEK 17.4b23.5x40.7x1.4x
Fri, 21 Jul 2023SEK 760.9bSEK 497.3bSEK 17.5b24.5x43.6x1.5x
Sun, 18 Jun 2023SEK 858.2bSEK 494.5bSEK 23.4b22.7x36.6x1.7x
Tue, 16 May 2023SEK 809.3bSEK 491.1bSEK 23.3b26.2x34.7x1.6x
Thu, 13 Apr 2023SEK 817.9bSEK 479.5bSEK 24.2b27.2x33.8x1.7x
Sat, 11 Mar 2023SEK 801.6bSEK 454.3bSEK 23.9b27.2x33.5x1.8x
Mon, 06 Feb 2023SEK 859.3bSEK 449.1bSEK 28.1b28.3x30.6x1.9x
Wed, 04 Jan 2023SEK 792.0bSEK 429.1bSEK 30.5b28.1x26x1.8x
Fri, 02 Dec 2022SEK 826.5bSEK 427.2bSEK 30.1b25.5x27.4x1.9x
Sun, 30 Oct 2022SEK 754.9bSEK 422.5bSEK 35.1b25.5x21.5x1.8x
Tue, 27 Sep 2022SEK 726.6bSEK 404.7bSEK 35.1b23x20.7x1.8x
Thu, 25 Aug 2022SEK 849.7bSEK 402.7bSEK 34.9b25.8x24.3x2.1x
Sat, 23 Jul 2022SEK 857.1bSEK 394.1bSEK 34.3b23.7x25x2.2x
Mon, 20 Jun 2022SEK 820.9bSEK 385.7bSEK 33.5b24.4x24.5x2.1x
Wed, 18 May 2022SEK 888.1bSEK 382.9bSEK 33.3b27.8x26.6x2.3x
Fri, 15 Apr 2022SEK 988.5bSEK 382.2bSEK 33.7b29.5x29.3x2.6x
Sun, 13 Mar 2022SEK 935.8bSEK 387.6bSEK 29.4b26.9x31.9x2.4x
Tue, 08 Feb 2022SEK 1.1tSEK 375.2bSEK 34.4b31.9x32.5x3x
Price to Earnings Ratio

32.5x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 34.4bTotal Revenue: SEK 375.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 27.1x202320242025
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 211x which is higher than its 3-year average PE of 26.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 49% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 Market1.14%
Tech4.16%
IT7.46%
Electronic Equipment and Components7.11%
Tech Hardware6.71%
Software4.27%
Semiconductors3.49%
Communications-0.52%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry even though it's trading below its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 38.2%, which is higher than its past year's earnings growth of 17.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 106% over the next 5 years.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 13% 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
HEXA B HexagonSEK 129.608.2%
+SEK 26.3b		10.3%PE30x
LAGR B Lagercrantz GroupSEK 236.008.8%
+SEK 3.9b		76.1%PE53.5x
FNOX FortnoxSEK 77.106.8%
+SEK 3.0b		32.4%PE68.2x
HMS HMS NetworksSEK 514.5011.9%
+SEK 2.8b		9.9%PE83.3x
ANOD B Addnode GroupSEK 118.1018.3%
+SEK 2.4b		14.4%PE41.8x
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Latest News

ERIC B

SEK 83.86

Telefonaktiebolaget LM Ericsson

7D

-1.6%

1Y

47.6%

Why Telefonaktiebolaget LM Ericsson's (STO:ERIC B) Earnings Are Better Than They Seem

Feb 01
Why Telefonaktiebolaget LM Ericsson's (STO:ERIC B) Earnings Are Better Than They Seem

LAGR B

SEK 236.00

Lagercrantz Group

7D

8.8%

1Y

76.1%

ANOD B

SEK 118.10

Addnode Group

7D

18.3%

1Y

14.4%

ENEA

SEK 98.00

Enea

7D

-6.3%

1Y

69.3%

HEXA B

SEK 129.60

Hexagon

7D

8.2%

1Y

10.3%

HMS

SEK 514.50

HMS Networks

7D

11.9%

1Y

9.9%

CINT

SEK 8.55

Cint Group

7D

-21.2%

1Y

-23.9%

SINCH

SEK 23.61

Sinch

7D

8.4%

1Y

-15.7%

FNOX

SEK 77.10

Fortnox

7D

6.8%

1Y

32.4%

YUBICO

SEK 259.00

Yubico

7D

5.5%

1Y

76.2%

VIT B

SEK 585.00

Vitec Software Group

7D

4.2%

1Y

11.6%

Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall

Jan 20
Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall

NEO B

SEK 7.73

Neovici Holding

7D

-13.1%

1Y

n/a

IAR B

SEK 127.00

IAR Systems Group

7D

-3.8%

1Y

-1.9%

The Trend Of High Returns At IAR Systems Group (STO:IAR B) Has Us Very Interested

Jan 09
The Trend Of High Returns At IAR Systems Group (STO:IAR B) Has Us Very Interested

MEGR

SEK 12.30

Mediacle Group

7D

-22.6%

1Y

-24.1%

Mediacle Group AB (publ)'s (NGM:MEGR) Share Price Not Quite Adding Up

Dec 21
Mediacle Group AB (publ)'s (NGM:MEGR) Share Price Not Quite Adding Up

NCAB

SEK 66.70

NCAB Group

7D

-1.1%

1Y

-2.6%

What NCAB Group AB (publ)'s (STO:NCAB) P/E Is Not Telling You

Dec 19
What NCAB Group AB (publ)'s (STO:NCAB) P/E Is Not Telling You

ANOT

SEK 0.083

Anoto Group

7D

-67.3%

1Y

-74.0%