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Swedish (OMX) Tech Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies142
  • 7D-0.7%
  • 3M6.3%
  • 1Y5.7%
  • YTD-0.9%

Over the last 7 days, the Tech industry has remained flat. As for the the longer term, the industry is up 5.7% over the past 12 months. Looking forward, 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
Sun, 16 Nov 2025SEK 894.7bSEK 451.0bSEK 35.8b27.1x25x2x
Tue, 14 Oct 2025SEK 851.3bSEK 457.8bSEK 25.2b29.2x33.7x1.9x
Thu, 11 Sep 2025SEK 844.7bSEK 457.3bSEK 25.1b30.1x33.7x1.8x
Sat, 09 Aug 2025SEK 840.9bSEK 458.5bSEK 25.7b29.5x32.8x1.8x
Mon, 07 Jul 2025SEK 895.9bSEK 465.1bSEK 11.1b25.3x81.1x1.9x
Wed, 04 Jun 2025SEK 881.8bSEK 464.2bSEK 10.6b24.7x82.8x1.9x
Fri, 02 May 2025SEK 863.5bSEK 463.2bSEK 10.2b25.9x84.9x1.9x
Sun, 30 Mar 2025SEK 891.6bSEK 460.1bSEK 11.0b25.9x80.8x1.9x
Tue, 25 Feb 2025SEK 984.1bSEK 461.1bSEK 9.4b27.2x105.2x2.1x
Thu, 23 Jan 2025SEK 974.5bSEK 464.1bSEK 3.2b25.1x306.9x2.1x
Sat, 21 Dec 2024SEK 914.3bSEK 464.9bSEK 3.2b24.7x283.3x2x
Mon, 18 Nov 2024SEK 865.9bSEK 463.7bSEK 3.4b24x256.7x1.9x
Wed, 16 Oct 2024SEK 891.3bSEK 462.3bSEK 7.1b26.4x125.2x1.9x
Fri, 13 Sep 2024SEK 846.3bSEK 464.7b-SEK 27,439,151,901.6827.8x-30.8x1.8x
Sun, 11 Aug 2024SEK 827.2bSEK 464.7b-SEK 27,400,420,292.9625.1x-30.2x1.8x
Tue, 09 Jul 2024SEK 892.3bSEK 468.1b-SEK 17,911,851,627.8930x-49.8x1.9x
Thu, 06 Jun 2024SEK 873.3bSEK 467.5b-SEK 17,575,190,637.1327x-49.7x1.9x
Sat, 04 May 2024SEK 830.3bSEK 472.3b-SEK 17,211,945,436.2728.2x-48.2x1.8x
Mon, 01 Apr 2024SEK 867.0bSEK 483.0b-SEK 18,692,330,293.2628.5x-46.4x1.8x
Wed, 28 Feb 2024SEK 850.9bSEK 482.0b-SEK 19,411,699,978.1327.4x-43.8x1.8x
Fri, 26 Jan 2024SEK 828.6bSEK 480.7b-SEK 18,974,168,890.0031.1x-43.7x1.7x
Sun, 24 Dec 2023SEK 844.7bSEK 493.9b-SEK 16,393,310,974.0029.3x-51.5x1.7x
Tue, 21 Nov 2023SEK 727.7bSEK 497.0b-SEK 16,236,186,583.0027.3x-44.8x1.5x
Thu, 19 Oct 2023SEK 666.0bSEK 496.2b-SEK 18,580,234,260.0021.2x-35.8x1.3x
Sat, 16 Sep 2023SEK 702.8bSEK 502.0bSEK 17.6b22.7x40x1.4x
Mon, 14 Aug 2023SEK 736.5bSEK 500.9bSEK 17.4b24.1x42.3x1.5x
Wed, 12 Jul 2023SEK 806.6bSEK 495.1bSEK 23.5b23.5x34.3x1.6x
Fri, 09 Jun 2023SEK 832.1bSEK 494.3bSEK 23.5b23.3x35.4x1.7x
Sun, 07 May 2023SEK 806.4bSEK 490.7bSEK 23.3b26.9x34.5x1.6x
Tue, 04 Apr 2023SEK 819.8bSEK 478.5bSEK 24.1b27.3x34x1.7x
Thu, 02 Mar 2023SEK 803.3bSEK 452.9bSEK 24.0b27.7x33.5x1.8x
Sat, 28 Jan 2023SEK 819.5bSEK 446.4bSEK 27.7b26.2x29.6x1.8x
Mon, 26 Dec 2022SEK 772.6bSEK 429.2bSEK 30.5b26.6x25.4x1.8x
Wed, 23 Nov 2022SEK 806.3bSEK 427.7bSEK 30.2b25x26.7x1.9x
Price to Earnings Ratio

26.7x


Total Market Cap: SEK 806.3bTotal Earnings: SEK 30.2bTotal Revenue: SEK 427.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 38.8x202320242025
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 25.0x which is lower than its 3-year average PE of 38.8x.
  • 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 5.9% 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 Market0.73%
Tech-0.67%
Software0.86%
Communications0.15%
IT0.01%
Electronic Equipment and Components-1.57%
Tech Hardware-2.33%
Semiconductors-2.95%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 34.5x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings decline of 11.9% 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 8.9% 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
ERIC B Telefonaktiebolaget LM EricssonSEK 92.960.5%
+SEK 1.5b		6.3%PE12.6x
SINCH SinchSEK 28.874.3%
+SEK 966.2m		33.9%PS0.8x
VIT B Vitec Software GroupSEK 319.204.2%
+SEK 510.6m		-32.3%PE32.1x
SEYE Smart EyeSEK 87.0516.2%
+SEK 455.1m		37.7%PS8.5x
BRIX BrioxSEK 20.5016.8%
+SEK 216.9m		457.1%PS55.9x

Latest News

HMS
SEK 491.20
HMS Networks
7D
-3.5%
1Y
33.8%
HEXA B
SEK 112.60
Hexagon
7D
-1.9%
1Y
19.8%

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Nov 16
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SEYE
SEK 87.05
Smart Eye
7D
16.2%
1Y
37.7%
SINCH
SEK 28.87
Sinch
7D
4.3%
1Y
33.9%
LAGR B
SEK 215.40
Lagercrantz Group
7D
-1.0%
1Y
9.4%

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Nov 14
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YUBICO
SEK 88.00
Yubico
7D
-5.6%
1Y
-65.1%
INT
SEK 44.35
Intellego Technologies
7D
-55.5%
1Y
75.3%

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Nov 13
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TRUE B
SEK 25.08
Truecaller
7D
-5.7%
1Y
-44.9%

TRUE B: Future User Engagement Will Support Resilient Upside Amid Market Volatility

Analysts have lowered their fair value estimate for Truecaller from SEK 64 to SEK 56.5, citing updated assumptions for revenue growth and recent sector downgrades. Analyst Commentary Following recent sector developments and updates to company guidance, analyst opinions on Truecaller continue to present both positive and cautious perspectives on the firm’s path forward.
VIT B
SEK 319.20
Vitec Software Group
7D
4.2%
1Y
-32.3%
ERIC B
SEK 92.96
Telefonaktiebolaget LM Ericsson
7D
0.5%
1Y
6.3%
MYCR
SEK 208.75
Mycronic
7D
0.4%
1Y
5.3%

MYCR: Net Profit Margins And Orders Will Support Steady Outlook Through 2025

Analysts have slightly raised their price target for Mycronic from SEK 216.67 to SEK 217.33. They cite improved profit margin forecasts and a more favorable future price-to-earnings outlook.
NCAB
SEK 54.05
NCAB Group
7D
2.0%
1Y
-11.0%
LIME
SEK 331.00
Lime Technologies
7D
-2.8%
1Y
-1.8%

Lime Technologies (STO:LIME) Has Announced A Dividend Of SEK2.00

Oct 28
Lime Technologies (STO:LIME) Has Announced A Dividend Of SEK2.00
DYVOX
SEK 92.15
Dynavox Group
7D
-1.5%
1Y
46.3%

Earnings Update: Dynavox Group AB (publ) (STO:DYVOX) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Oct 28
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ACCON
SEK 10.56
Acconeer
7D
23.7%
1Y
82.1%
BRIX
SEK 20.50
Briox
7D
16.8%
1Y
457.1%

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Sep 10
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