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

Swedish (OMX) Tech Sector Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies135
  • 7D-2.0%
  • 3M6.2%
  • 1Y6.2%
  • YTD3.4%

Over the last 7 days, the Tech industry has dropped 2.0%, driven by declines in Telefonaktiebolaget LM Ericsson and Sivers Semiconductors of 3.0% and 34%, respectively. On the other hand Sinch is actually up 14%. Over the past 12 months, the industry was up 6.2%. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026SEK 899.8bSEK 441.2bSEK 51.1b22.4x17.6x2x
Mon, 25 May 2026SEK 1.0tSEK 439.7bSEK 50.8b25.5x19.8x2.3x
Wed, 22 Apr 2026SEK 922.5bSEK 436.7bSEK 34.4b25.6x26.8x2.1x
Fri, 20 Mar 2026SEK 854.3bSEK 441.7bSEK 35.0b22.2x24.4x1.9x
Sun, 15 Feb 2026SEK 827.4bSEK 443.7bSEK 37.4b22x22.1x1.9x
Tue, 13 Jan 2026SEK 844.5bSEK 448.2bSEK 35.5b26.9x23.8x1.9x
Thu, 11 Dec 2025SEK 860.6bSEK 449.9bSEK 35.7b27.3x24.1x1.9x
Sat, 08 Nov 2025SEK 892.0bSEK 451.7bSEK 35.8b27x24.9x2x
Mon, 06 Oct 2025SEK 863.3bSEK 457.7bSEK 25.1b29.4x34.4x1.9x
Wed, 03 Sep 2025SEK 811.4bSEK 457.7bSEK 25.2b30.7x32.2x1.8x
Fri, 01 Aug 2025SEK 833.9bSEK 458.6bSEK 25.7b29.8x32.4x1.8x
Sun, 29 Jun 2025SEK 886.4bSEK 465.5bSEK 10.9b25.6x81.7x1.9x
Tue, 27 May 2025SEK 882.4bSEK 463.4bSEK 10.2b25.8x86.3x1.9x
Thu, 24 Apr 2025SEK 848.1bSEK 463.3bSEK 10.6b24.7x80.2x1.8x
Sat, 22 Mar 2025SEK 931.9bSEK 461.5bSEK 11.2b26.1x83.5x2x
Mon, 17 Feb 2025SEK 1.0tSEK 462.8bSEK 4.8b27.8x208.1x2.2x
Wed, 15 Jan 2025SEK 916.9bSEK 464.4bSEK 3.2b24.9x285.9x2x
Fri, 13 Dec 2024SEK 938.6bSEK 465.2bSEK 3.2b25x289.5x2x
Sun, 10 Nov 2024SEK 899.7bSEK 464.7bSEK 3.3b24.9x273.2x1.9x
Tue, 08 Oct 2024SEK 867.9bSEK 464.5b-SEK 27,423,533,777.0127.1x-31.6x1.9x
Thu, 05 Sep 2024SEK 852.4bSEK 464.7b-SEK 27,426,875,865.8026.6x-31.1x1.8x
Sat, 03 Aug 2024SEK 831.5bSEK 465.1b-SEK 27,469,466,212.4925.1x-30.3x1.8x
Mon, 01 Jul 2024SEK 874.3bSEK 467.6b-SEK 17,953,266,441.3729.2x-48.7x1.9x
Wed, 29 May 2024SEK 870.6bSEK 468.4b-SEK 17,536,599,016.5028.2x-49.6x1.9x
Fri, 26 Apr 2024SEK 839.1bSEK 473.6b-SEK 17,323,592,850.5127.1x-48.4x1.8x
Sun, 24 Mar 2024SEK 865.0bSEK 482.5b-SEK 18,732,100,199.7226.5x-46.2x1.8x
Tue, 20 Feb 2024SEK 838.5bSEK 483.7b-SEK 18,167,277,140.2832x-46.2x1.7x
Thu, 18 Jan 2024SEK 819.2bSEK 495.0b-SEK 16,265,431,456.0031.1x-50.4x1.7x
Sat, 16 Dec 2023SEK 844.5bSEK 494.9b-SEK 16,311,413,824.0026.9x-51.8x1.7x
Mon, 13 Nov 2023SEK 682.9bSEK 498.1b-SEK 16,169,643,411.0026x-42.2x1.4x
Wed, 11 Oct 2023SEK 707.2bSEK 499.6bSEK 17.3b22.3x40.9x1.4x
Fri, 08 Sep 2023SEK 716.4bSEK 502.0bSEK 17.6b23.2x40.7x1.4x
Sun, 06 Aug 2023SEK 741.4bSEK 499.4bSEK 17.3b23.6x42.9x1.5x
Tue, 04 Jul 2023SEK 837.8bSEK 495.4bSEK 23.5b22.8x35.6x1.7x
Price to Earnings Ratio

35.6x


Total Market Cap: SEK 837.8bTotal Earnings: SEK 23.5bTotal Revenue: SEK 495.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 37x202420252026
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 17.6x which is lower than its 3-year average PE of 37.0x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.0x.
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 3.8% 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 Market-0.81%
Tech-1.98%
Software6.37%
Electronic Equipment and Components-0.57%
IT-1.76%
Communications-3.02%
Tech Hardware-7.32%
Semiconductors-15.29%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 31.6x.
    • Analysts are expecting annual earnings growth of 54.2%, which is higher than its past year's earnings growth of 14.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings decline 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
SINCH SinchSEK 37.6814.4%
+SEK 3.5b		38.4%PE75.1x
SILEX Silex MicrosystemsSEK 189.2512.2%
+SEK 2.3b		n/aPE66.8x
YUBICO YubicoSEK 57.355.6%
+SEK 261.6m		-58.9%PE50x
VIT B Vitec Software GroupSEK 228.802.4%
+SEK 215.4m		-52.1%PE20.2x
RPLAN Ranplan GroupSEK 1.98633.3%
+SEK 131.9m		173.1%PS7.2x

Latest News

DYVOX
SEK 58.10
Dynavox Group
7D
-8.0%
1Y
-48.0%
HMS
SEK 498.80
HMS Networks
7D
-3.1%
1Y
19.2%
HEXA B
SEK 80.98
Hexagon
7D
-0.7%
1Y
-15.7%
Narrative Update • Jun 24

HEXA B: Execution After Octave Spinoff Will Support Upside Despite Lowered Expectations

The analyst price target for Hexagon has been reduced by about SEK 2 to reflect lower fair value estimates around SEK 127 and recent Street research, where several firms cut their SEK price targets on the view that the stock already prices in much of its long term opportunity. Analyst Commentary Recent Street research on Hexagon highlights a more cautious stance on upside, with several firms trimming SEK price targets to levels they see as better aligned with current trading multiples and the stock's long term opportunity.
ERIC B
SEK 106.65
Telefonaktiebolaget LM Ericsson
7D
-3.0%
1Y
32.0%
MYCR
SEK 305.60
Mycronic
7D
0.2%
1Y
50.5%
Narrative Update • Jun 22

MYCR: Sector Downgrades And Execution Risks Will Restrain Future Upside

The latest Narrative Update on Mycronic reflects a reduced analyst price target of SEK260.25, as analysts factor in slightly lower revenue growth and profit margin assumptions, along with a modestly higher future P/E, in the context of several recent downgrades on the stock. Analyst Commentary Recent research on Mycronic points to a more cautious stance among several bearish analysts, who have downgraded the stock while reassessing revenue growth, margins, and valuation multiples.
SIVE
SEK 63.35
Sivers Semiconductors
7D
-34.0%
1Y
1,507.1%
Analysis Article • Jun 21

Sivers Semiconductors (OM:SIVE) Stock Could Be 880% Overvalued After $8.2 Million ALL.SPACE Order

Sivers Semiconductors (OM:SIVE) recently announced an $8.2 million production order from ALL.SPACE for its multi-beam Ka-band beamforming integrated circuits, putting fresh attention on the stock’s role in next-generation satellite communications. See our latest analysis for Sivers Semiconductors. Despite a 5.79% drop in the latest 1 day share price return, Sivers Semiconductors has seen its 30 day share price return of 31.69% and a very large year to date share price gain, while the 1 year...
FIRE
SEK 178.00
Firefly
7D
11.6%
1Y
-1.9%
SINCH
SEK 37.68
Sinch
7D
14.4%
1Y
38.4%
Analysis Article • Jun 19

Sinch (OM:SINCH) Stock Could Be 10.6% Undervalued After AI Launch And CEO Change

Sinch (OM:SINCH) has drawn fresh attention after launching its AI powered xC Tracker for World Cup press conferences, alongside a leadership change that sees Jonas Dahlberg step in as acting CEO. See our latest analysis for Sinch. The recent AI powered xC Tracker launch and CEO transition come after a mixed period for Sinch, with the share price at SEK32.95, a 1 day share price return that declined 4.47%, a 90 day share price return that gained 49.77%, and a 1 year total shareholder return of...
YUBICO
SEK 57.35
Yubico
7D
5.6%
1Y
-58.9%
Narrative Update • Jun 18

YUBICO: New Security Partnerships Will Not Prevent Further Share Price Pressure

Analysts have kept their SEK fair value target for Yubico unchanged at SEK 43.0, with only modest tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E used to support their valuation framework. What’s in the News for Yubico Yubico announced that its YubiHSM 2 FIPS module has received FIPS 140-3 validation (Certificate #5302) from NIST’s Cryptographic Module Validation Program, aligning with ISO/IEC 19790 standards and targeting high assurance protection for keys, secrets and non human identities in enterprise and operational technology environments.
NOTE
SEK 159.80
NOTE
7D
-2.3%
1Y
-10.4%
Narrative Update • Jun 17

NOTE: Refined Risk Profile Will Support Long-Term Survival Optionality

Analysts have trimmed their fair value estimate for FiscalNote (NOTE) to SEK 208.0 from SEK 209.5, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E following a series of recent price target cuts across the Street. Analyst Commentary Recent Street research on FiscalNote highlights a mix of cautious and constructive views, with multiple firms revisiting price targets and rechecking key assumptions behind the stock's valuation.
VIT B
SEK 228.80
Vitec Software Group
7D
2.4%
1Y
-52.1%
Narrative Update • Jun 17

VIT B: Higher Reported Margins And Quarterly Dividend Plan Will Support Upside

Analysts have kept their SEK fair value estimate for Vitec Software Group steady at SEK 444.57. They have updated their assumptions to reflect a slightly higher discount rate, a marginally stronger profit margin outlook, and a lower future P/E multiple that together support the unchanged price target.
HANZA
SEK 143.20
Hanza
7D
-3.2%
1Y
61.8%
Narrative Update • Jun 16

HANZA: Upcoming Shareholders Meeting Will Support Measured Long Term Outlook

Analysts have slightly reduced their Hanza price target, lowering it from SEK 175.25 to SEK 172.75 as they incorporate updated assumptions regarding discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Hanza has scheduled a Special or Extraordinary Shareholders Meeting for Jun 22, 2026, at 17:00 W.
SILEX
SEK 189.25
Silex Microsystems
7D
12.2%
1Y
n/a
BRIX
SEK 16.00
Briox
7D
8.7%
1Y
67.0%
RPLAN
SEK 1.98
Ranplan Group
7D
633.3%
1Y
173.1%
PACT
SEK 124.00
Proact IT Group
7D
-7.7%
1Y
16.1%