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Swedish (OMX) Tech Sector Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies139
  • 7D-1.8%
  • 3M-8.2%
  • 1Y-15.8%
  • YTD-3.8%

Over the last 7 days, the Tech industry has dropped 1.8%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 2.3%. Overall the industry is down 14% in 12 months. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026SEK 814.3bSEK 444.6bSEK 37.9b21.3x21.5x1.8x
Sun, 11 Jan 2026SEK 853.9bSEK 448.1bSEK 35.5b26.9x24x1.9x
Tue, 09 Dec 2025SEK 867.2bSEK 450.4bSEK 35.8b26.8x24.2x1.9x
Thu, 06 Nov 2025SEK 904.5bSEK 451.8bSEK 29.6b27.4x30.5x2x
Sat, 04 Oct 2025SEK 863.2bSEK 457.7bSEK 25.1b29.4x34.3x1.9x
Mon, 01 Sep 2025SEK 837.2bSEK 458.1bSEK 25.3b31.6x33.1x1.8x
Wed, 30 Jul 2025SEK 852.5bSEK 458.4bSEK 25.7b29.6x33.2x1.9x
Fri, 27 Jun 2025SEK 866.5bSEK 465.5bSEK 10.9b25.4x79.8x1.9x
Sun, 25 May 2025SEK 873.2bSEK 463.3bSEK 10.2b25.4x85.5x1.9x
Tue, 22 Apr 2025SEK 829.6bSEK 462.8bSEK 10.6b24x78.6x1.8x
Thu, 20 Mar 2025SEK 936.7bSEK 461.8bSEK 11.2b26.1x83.5x2x
Sat, 15 Feb 2025SEK 1.0tSEK 462.4bSEK 4.7b27.8x213x2.2x
Mon, 13 Jan 2025SEK 920.0bSEK 464.2bSEK 3.2b24.7x288.4x2x
Wed, 11 Dec 2024SEK 936.7bSEK 465.0bSEK 3.2b25x289.2x2x
Fri, 08 Nov 2024SEK 907.7bSEK 464.2bSEK 3.1b25.3x293.8x2x
Sun, 06 Oct 2024SEK 869.5bSEK 464.6b-SEK 27,417,068,663.0327.5x-31.7x1.9x
Tue, 03 Sep 2024SEK 866.6bSEK 464.5b-SEK 27,437,115,905.6327.8x-31.6x1.9x
Thu, 01 Aug 2024SEK 877.6bSEK 465.4b-SEK 27,454,122,355.7025.5x-32x1.9x
Sat, 29 Jun 2024SEK 875.0bSEK 467.6b-SEK 17,953,266,441.3729.2x-48.7x1.9x
Mon, 27 May 2024SEK 865.4bSEK 468.9b-SEK 17,512,648,865.5227.4x-49.4x1.8x
Wed, 24 Apr 2024SEK 850.3bSEK 473.0b-SEK 17,360,610,030.7126.6x-49x1.8x
Fri, 22 Mar 2024SEK 866.5bSEK 482.1b-SEK 18,752,154,577.3226.5x-46.2x1.8x
Sun, 18 Feb 2024SEK 841.1bSEK 482.2b-SEK 18,286,714,183.1531.8x-46x1.7x
Tue, 16 Jan 2024SEK 828.6bSEK 494.6b-SEK 16,297,175,166.0031x-50.8x1.7x
Thu, 14 Dec 2023SEK 806.6bSEK 495.3b-SEK 16,248,616,210.0028.4x-49.6x1.6x
Sat, 11 Nov 2023SEK 683.0bSEK 498.2b-SEK 16,129,459,132.0025.8x-42.3x1.4x
Mon, 09 Oct 2023SEK 688.9bSEK 500.1bSEK 17.3b22.4x39.7x1.4x
Wed, 06 Sep 2023SEK 725.5bSEK 501.9bSEK 17.6b23.3x41.3x1.4x
Fri, 04 Aug 2023SEK 732.5bSEK 499.8bSEK 17.3b23.8x42.3x1.5x
Sun, 02 Jul 2023SEK 848.3bSEK 495.1bSEK 23.5b23.5x36.1x1.7x
Tue, 30 May 2023SEK 821.9bSEK 493.8bSEK 23.5b24.2x35x1.7x
Thu, 27 Apr 2023SEK 797.5bSEK 487.8bSEK 22.9b26.6x34.9x1.6x
Sat, 25 Mar 2023SEK 775.4bSEK 477.7bSEK 24.2b27.1x32.1x1.6x
Mon, 20 Feb 2023SEK 827.1bSEK 452.1bSEK 27.5b27.4x30x1.8x
Price to Earnings Ratio

30x


Total Market Cap: SEK 827.1bTotal Earnings: SEK 27.5bTotal Revenue: SEK 452.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 38.5x202420252026
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 21.8x which is lower than its 3-year average PE of 38.5x.
  • 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 grown 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SE Market0.078%
Tech-1.84%
Electronic Equipment and Components-0.32%
Communications-2.25%
Software-4.03%
IT-5.10%
Semiconductors-7.04%
Tech Hardware-18.35%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 36.5x.
    • Analysts are expecting annual earnings growth of 17.7%, 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 68% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings decline by 4.7% 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
LAGR B Lagercrantz GroupSEK 203.201.9%
+SEK 771.8m		-15.1%PE36.7x
VIT B Vitec Software GroupSEK 238.005.3%
+SEK 478.7m		-62.6%PE21.8x
MYCR MycronicSEK 191.221.2%
+SEK 456.9m		-23.9%PE23.9x
BERNER B Berner IndustrierSEK 106.5019.7%
+SEK 333.7m		191.0%PE28.2x
KNOW KnowitSEK 121.009.8%
+SEK 294.9m		-12.4%PS0.6x

Latest News

LIME
SEK 178.00
Lime Technologies
7D
-25.8%
1Y
-53.2%

Some Confidence Is Lacking In Lime Technologies AB (publ) (STO:LIME) As Shares Slide 39%

Feb 13
Some Confidence Is Lacking In Lime Technologies AB (publ) (STO:LIME) As Shares Slide 39%
VIT B
SEK 238.00
Vitec Software Group
7D
5.3%
1Y
-62.6%

Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90

Feb 13
Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90
BRIX
SEK 21.40
Briox
7D
10.6%
1Y
289.1%

Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation

Feb 13
Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation
ANOD B
SEK 71.80
Addnode Group
7D
-12.0%
1Y
-37.4%
YUBICO
SEK 52.66
Yubico
7D
-15.0%
1Y
-75.1%
NCAB
SEK 38.84
NCAB Group
7D
-16.7%
1Y
-34.4%
KNOW
SEK 121.00
Knowit
7D
9.8%
1Y
-12.4%

Knowit AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 11
Knowit AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
DYVOX
SEK 77.70
Dynavox Group
7D
-20.0%
1Y
9.4%

DYVOX: Higher Discount Rate Will Still Support Future Fair Value

Analysts have reduced their fair value estimate for Dynavox Group from $107.00 to $103.00. They now apply a higher discount rate and more cautious assumptions for revenue growth, profit margins and future P/E.
LAGR B
SEK 203.20
Lagercrantz Group
7D
1.9%
1Y
-15.1%

Analysts Have Made A Financial Statement On Lagercrantz Group AB (publ)'s (STO:LAGR B) Third-Quarter Report

Feb 10
Analysts Have Made A Financial Statement On Lagercrantz Group AB (publ)'s (STO:LAGR B) Third-Quarter Report
BERNER B
SEK 106.50
Berner Industrier
7D
19.7%
1Y
191.0%
MYCR
SEK 191.22
Mycronic
7D
1.2%
1Y
-23.9%

MYCR: Asian Orders And Higher Margins Will Support Bullish Outlook

Analysts have trimmed their price target on Mycronic to SEK215 from about SEK218.67, citing updated assumptions that include a slightly higher discount rate, adjusted revenue growth and profit margin expectations, and a lower future P/E multiple. What's in the News Mycronic announced an annual dividend of SEK 3.25 per share, with an ex dividend date set for May 7, 2026, a record date on May 8, 2026, and a payment date on May 13, 2026 (company announcement).
SINCH
SEK 23.88
Sinch
7D
-3.9%
1Y
-17.6%

SINCH: Future Repricing Hinges On Execution And Profitability Delivery

Analysts have nudged their price expectations for Sinch higher, with the fair value estimate moving from SEK 35.57 to about SEK 35.94. They cite recent sector-wide rating adjustments and updated views on discount rates, revenue growth, profit margins and future P/E assumptions.
ERIC B
SEK 97.20
Telefonaktiebolaget LM Ericsson
7D
-2.3%
1Y
14.0%

ERIC B: European Vendor Shifts And Higher Profit Assumptions Will Support Balanced Outlook

Analysts have lifted their price targets on Telefonaktiebolaget LM Ericsson, supporting a fair value move from SEK 106 to about SEK 109 as they factor in updated assumptions on growth, profitability and a lower future P/E multiple. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson shows a cluster of price target adjustments that align with the move in fair value from SEK 106 to about SEK 109.
HEXA B
SEK 95.20
Hexagon
7D
-0.3%
1Y
-26.4%

HEXA B: More Conservative Assumptions Will Still Support Future Share Outperformance

Analysts have slightly reduced their fair value estimate for Hexagon to SEK 139.82 from SEK 148.28, reflecting updated assumptions on discount rate, revenue growth, profit margin and a lower future P/E multiple, alongside recent Street research that includes a SEK 5 price target trim and an upgrade to Outperform with a SEK 130 target. Analyst Commentary Recent Street research around Hexagon points to a generally constructive tone, even as fair value estimates and price targets are being fine tuned.
NEO B
SEK 3.29
Neovici Holding
7D
93.0%
1Y
-56.1%
EYEW
SEK 23.00
Eye World
7D
14.4%
1Y
23.7%