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

Swedish (OMX) Tech Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies142
  • 7D-3.7%
  • 3M7.5%
  • 1Y3.9%
  • YTD0.5%

Over the last 7 days, the Tech industry has dropped 3.7%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 5.3%. In contrast, Intellego Technologies has gained 19%. Over the past 12 months, the industry was up 3.9%. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Nov 2025SEK 898.3bSEK 451.2bSEK 35.8b26.6x25.1x2x
Thu, 09 Oct 2025SEK 874.6bSEK 457.6bSEK 25.2b28.8x34.7x1.9x
Sat, 06 Sep 2025SEK 844.6bSEK 457.7bSEK 25.2b29.6x33.6x1.8x
Mon, 04 Aug 2025SEK 820.4bSEK 458.8bSEK 25.7b29x31.9x1.8x
Wed, 02 Jul 2025SEK 884.0bSEK 464.7bSEK 11.0b25.7x80.5x1.9x
Fri, 30 May 2025SEK 888.3bSEK 463.7bSEK 10.3b25.4x86.2x1.9x
Sun, 27 Apr 2025SEK 852.1bSEK 463.0bSEK 10.7b25.5x79.3x1.8x
Tue, 25 Mar 2025SEK 934.7bSEK 461.1bSEK 11.1b26.2x84.3x2x
Thu, 20 Feb 2025SEK 1.0tSEK 461.6bSEK 4.7b27.4x214.5x2.2x
Sat, 18 Jan 2025SEK 958.5bSEK 464.3bSEK 3.2b25.2x299.8x2.1x
Mon, 16 Dec 2024SEK 930.4bSEK 465.2bSEK 3.2b24.9x287.8x2x
Wed, 13 Nov 2024SEK 879.3bSEK 464.1bSEK 3.3b23.6x267.7x1.9x
Fri, 11 Oct 2024SEK 862.7bSEK 464.5b-SEK 27,422,998,648.4328.2x-31.5x1.9x
Sun, 08 Sep 2024SEK 835.8bSEK 464.9b-SEK 27,419,703,896.2427.6x-30.5x1.8x
Tue, 06 Aug 2024SEK 805.9bSEK 465.3b-SEK 27,428,879,296.3323.8x-29.4x1.7x
Thu, 04 Jul 2024SEK 877.7bSEK 467.3b-SEK 17,962,130,486.0429x-48.9x1.9x
Sat, 01 Jun 2024SEK 864.6bSEK 468.0b-SEK 17,563,338,813.3727.9x-49.2x1.8x
Mon, 29 Apr 2024SEK 844.2bSEK 474.1b-SEK 17,247,290,000.6327x-48.9x1.8x
Wed, 27 Mar 2024SEK 870.3bSEK 482.7b-SEK 18,711,741,297.1928.7x-46.5x1.8x
Fri, 23 Feb 2024SEK 839.7bSEK 482.8b-SEK 17,883,020,486.3329.2x-47x1.7x
Sun, 21 Jan 2024SEK 814.2bSEK 495.3b-SEK 16,245,048,870.0031.1x-50.1x1.6x
Tue, 19 Dec 2023SEK 847.7bSEK 494.7b-SEK 16,326,120,979.0027.8x-51.9x1.7x
Thu, 16 Nov 2023SEK 717.8bSEK 496.7b-SEK 16,290,254,194.0027.3x-44.1x1.4x
Sat, 14 Oct 2023SEK 707.2bSEK 499.3bSEK 17.2b21.6x41x1.4x
Mon, 11 Sep 2023SEK 708.3bSEK 502.0bSEK 17.6b23.5x40.3x1.4x
Wed, 09 Aug 2023SEK 736.4bSEK 500.0bSEK 17.4b23.8x42.4x1.5x
Fri, 07 Jul 2023SEK 813.9bSEK 496.2bSEK 23.7b23.1x34.4x1.6x
Sun, 04 Jun 2023SEK 839.4bSEK 493.7bSEK 23.5b23.1x35.8x1.7x
Tue, 02 May 2023SEK 810.9bSEK 488.5bSEK 23.5b26x34.6x1.7x
Thu, 30 Mar 2023SEK 795.1bSEK 478.4bSEK 24.2b27.2x32.9x1.7x
Sat, 25 Feb 2023SEK 791.0bSEK 452.2bSEK 23.9b27.1x33.1x1.7x
Mon, 23 Jan 2023SEK 808.1bSEK 429.2bSEK 30.4b27.7x26.5x1.9x
Wed, 21 Dec 2022SEK 768.3bSEK 428.7bSEK 30.4b25x25.3x1.8x
Fri, 18 Nov 2022SEK 802.7bSEK 427.7bSEK 30.3b24.9x26.5x1.9x
Price to Earnings Ratio

26.5x


Total Market Cap: SEK 802.7bTotal Earnings: SEK 30.3bTotal 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 25.1x 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 5.7% 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 Market-0.70%
Tech-3.70%
Electronic Equipment and Components-1.67%
Tech Hardware-1.99%
IT-4.83%
Communications-4.88%
Software-9.20%
Semiconductors-9.43%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 34.4x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings decline of 3.2% 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 9.2% 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
INT Intellego TechnologiesSEK 96.5019.3%
+SEK 489.2m		266.2%PE13.4x
DORO DoroSEK 52.6021.1%
+SEK 223.1m		60.4%PE18.6x
NETI B Net InsightSEK 4.1912.3%
+SEK 156.6m		-39.4%PE243x
BERNER B Berner IndustrierSEK 77.006.4%
+SEK 87.7m		146.8%PE24.7x
VALUNO Valuno GroupSEK 1.7039.5%
+SEK 67.2m		-47.0%PS0.06x

Latest News

TRUE B
SEK 26.36
Truecaller
7D
-6.9%
1Y
-41.6%

Little Excitement Around Truecaller AB (publ)'s (STO:TRUE B) Earnings As Shares Take 31% Pounding

Nov 11
Little Excitement Around Truecaller AB (publ)'s (STO:TRUE B) Earnings As Shares Take 31% Pounding
DORO
SEK 52.60
Doro
7D
21.1%
1Y
60.4%
HEXA B
SEK 116.30
Hexagon
7D
-0.4%
1Y
17.7%

HEXA B: Recent Rating Upgrades And Downgrades Will Define Near-Term Direction

Hexagon’s analyst price target has increased from SEK 116.68 to SEK 121.94. This reflects analysts’ improved outlook on profit margins and valuation following several upward price target revisions and ratings changes.
AMIDO
SEK 5.80
Amido
7D
21.3%
1Y
181.6%
SERT
SEK 0.64
Serstech
7D
23.0%
1Y
-39.4%
MYCR
SEK 209.90
Mycronic
7D
-5.7%
1Y
0.4%

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.
NETI B
SEK 4.19
Net Insight
7D
12.3%
1Y
-39.4%
BERNER B
SEK 77.00
Berner Industrier
7D
6.4%
1Y
146.8%
SINCH
SEK 28.50
Sinch
7D
-17.0%
1Y
30.7%

SINCH: Share Repurchase Program Will Drive Larger US Customer Engagement Reach

Analysts have slightly increased their price target for Sinch, raising it by $0.14 to $35.57. This change reflects marginal improvements in profit margin, along with a modest reduction in the discount rate.
ANOD B
SEK 103.00
Addnode Group
7D
-6.2%
1Y
-4.6%

Addnode Group's (STO:ANOD B) Profits Appear To Have Quality Issues

Nov 01
Addnode Group's (STO:ANOD B) Profits Appear To Have Quality Issues
LAGR B
SEK 220.00
Lagercrantz Group
7D
-5.4%
1Y
5.5%

The Lagercrantz Group AB (publ) (STO:LAGR B) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Oct 29
The Lagercrantz Group AB (publ) (STO:LAGR B) Second-Quarter Results Are Out And Analysts Have Published New Forecasts
INT
SEK 96.50
Intellego Technologies
7D
19.3%
1Y
266.2%
ERIC B
SEK 92.36
Telefonaktiebolaget LM Ericsson
7D
-5.3%
1Y
4.4%

Margin Strength And Global Contracts Will Shape The Future Of Telecoms

Analysts have raised their fair value estimate for Telefonaktiebolaget LM Ericsson from SEK 78.44 to SEK 87.22. This change largely reflects recent upward adjustments to price targets following improved margin and revenue outlooks.
VALUNO
SEK 1.70
Valuno Group
7D
39.5%
1Y
-47.0%
BRIX
SEK 19.20
Briox
7D
-32.2%
1Y
478.3%

Will Briox (NGM:BRIX) Spend Its Cash Wisely?

Sep 10
Will Briox (NGM:BRIX) Spend Its Cash Wisely?
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%