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Swedish (OMX) IT Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.6%
  • 3M-18.7%
  • 1Y-25.1%
  • YTD-17.6%

Over the last 7 days, the IT industry has remained flat, although notably White Pearl Technology Group gained 14%. Unfortunately though, the industry is down 25% over the past 12 months. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the Swedish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026SEK 25.1bSEK 27.3bSEK 833.8m16.8x30.1x0.9x
Tue, 10 Feb 2026SEK 28.1bSEK 27.2bSEK 952.8m16.3x29.4x1x
Thu, 08 Jan 2026SEK 31.3bSEK 27.3bSEK 1.4b17.7x22.7x1.1x
Sat, 06 Dec 2025SEK 30.9bSEK 27.5bSEK 1.4b16.7x22.8x1.1x
Mon, 03 Nov 2025SEK 32.9bSEK 27.5bSEK 1.0b16.9x31.4x1.2x
Wed, 01 Oct 2025SEK 31.0bSEK 28.1bSEK 1.1b15x27.5x1.1x
Fri, 29 Aug 2025SEK 32.3bSEK 28.1bSEK 1.4b16.1x23.8x1.2x
Sun, 27 Jul 2025SEK 33.1bSEK 28.1bSEK 1.4b16.5x24.3x1.2x
Tue, 24 Jun 2025SEK 32.4bSEK 29.3bSEK 1.4b16.5x23.7x1.1x
Thu, 22 May 2025SEK 30.7bSEK 29.3bSEK 1.1b17x29x1x
Sat, 19 Apr 2025SEK 31.3bSEK 30.4bSEK 1.2b14.4x26.2x1x
Mon, 17 Mar 2025SEK 33.7bSEK 30.5bSEK 1.2b14.8x28.1x1.1x
Wed, 12 Feb 2025SEK 34.8bSEK 30.4bSEK 1.4b14.9x24.1x1.1x
Fri, 10 Jan 2025SEK 32.8bSEK 31.1bSEK 1.4b16x23.2x1.1x
Sun, 08 Dec 2024SEK 33.9bSEK 30.8bSEK 1.3b15.4x25.7x1.1x
Tue, 05 Nov 2024SEK 33.5bSEK 30.8bSEK 1.4b15.1x24.5x1.1x
Thu, 03 Oct 2024SEK 35.0bSEK 30.0bSEK 1.2b16.7x28.9x1.2x
Sat, 31 Aug 2024SEK 35.7bSEK 29.8bSEK 1.2b23.3x29.6x1.2x
Mon, 29 Jul 2024SEK 35.6bSEK 29.7bSEK 1.2b20.4x30.2x1.2x
Wed, 26 Jun 2024SEK 37.3bSEK 29.2bSEK 524.4m19.1x71x1.3x
Fri, 24 May 2024SEK 38.6bSEK 29.5bSEK 818.1m17.7x47.1x1.3x
Sun, 21 Apr 2024SEK 36.2bSEK 30.1bSEK 927.3m16.4x39x1.2x
Tue, 19 Mar 2024SEK 34.8bSEK 30.1bSEK 910.0m16.9x38.2x1.2x
Thu, 15 Feb 2024SEK 35.1bSEK 30.6bSEK 573.8m17.7x61.2x1.1x
Sat, 13 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.8x51.3x1x
Mon, 11 Dec 2023SEK 28.8bSEK 30.5bSEK 609.1m15.8x47.4x0.9x
Wed, 08 Nov 2023SEK 27.3bSEK 30.3bSEK 601.0m14.6x45.4x0.9x
Fri, 06 Oct 2023SEK 25.1bSEK 30.1bSEK 676.9m13.3x37x0.8x
Sun, 03 Sep 2023SEK 27.5bSEK 30.1bSEK 672.5m14.8x41x0.9x
Tue, 01 Aug 2023SEK 29.2bSEK 29.7bSEK 673.2m16.3x43.3x1x
Thu, 29 Jun 2023SEK 35.4bSEK 29.1bSEK 1.5b13.2x23.9x1.2x
Sat, 27 May 2023SEK 36.6bSEK 29.0bSEK 1.5b14.8x24.7x1.3x
Mon, 24 Apr 2023SEK 40.9bSEK 27.5bSEK 1.5b16.5x28x1.5x
Wed, 22 Mar 2023SEK 39.4bSEK 26.9bSEK 1.4b16x27.7x1.5x
Price to Earnings Ratio

27.7x


Total Market Cap: SEK 39.4bTotal Earnings: SEK 1.4bTotal Revenue: SEK 26.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swedish IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 33.1x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 16% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 industry?

SE Market-1.14%
Tech2.87%
IT-0.63%
Data Processing Services0%0
IT Consulting-0.59%
Internet Services and Infrastructure-1.45%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings decline of 19.0% per year.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 16% 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
WPTG B White Pearl Technology GroupSEK 15.9513.9%
+SEK 59.0m		134.6%PE6.9x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
GENI Generic SwedenSEK 37.707.6%
+SEK 32.6m		-32.7%PE14.9x
ENEA EneaSEK 61.001.8%
+SEK 19.6m		-29.8%PE23.4x
NTEK B NovotekSEK 67.601.8%
+SEK 12.7m		-12.4%PE18.3x

Latest News

ENEA
SEK 61.00
Enea
7D
1.8%
1Y
-29.8%

ENEA: New Security Contracts And Buybacks Will Support Bullish Outlook

Analysts have kept their SEK fair value view for Enea unchanged at SEK 80, with a slightly higher discount rate and marginally adjusted long term assumptions on growth, margins and future P/E multiples shaping the updated price target narrative. What's in the News Enea and Digis Squared report a joint win with a large Tier 1 mobile network provider in the Middle East and Northern Africa, combining Enea Integra Traffic Management, deep packet inspection and Digis Squared integration capabilities for traffic insights, policy control and large-scale network access (Client announcement).
WPTG B
SEK 15.95
White Pearl Technology Group
7D
13.9%
1Y
134.6%
SOF B
SEK 21.10
Softronic
7D
0.7%
1Y
-7.0%
B3
SEK 36.00
B3 Consulting Group
7D
-4.0%
1Y
-43.0%
ANOD B
SEK 68.30
Addnode Group
7D
-1.3%
1Y
-35.4%
CX
SEK 30.30
CombinedX
7D
-2.3%
1Y
-21.3%

There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings

Feb 19
There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings
GENI
SEK 37.70
Generic Sweden
7D
7.6%
1Y
-32.7%
NTEK B
SEK 67.60
Novotek
7D
1.8%
1Y
-12.4%
PACT
SEK 101.00
Proact IT Group
7D
-1.8%
1Y
-15.8%

Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear

Feb 18
Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 25.60
Nodebis Applications
7D
2.4%
1Y
98.4%

Nodebis Applications (NGM:NODE) Has Announced That It Will Be Increasing Its Dividend To SEK1.50

Feb 14
Nodebis Applications (NGM:NODE) Has Announced That It Will Be Increasing Its Dividend To SEK1.50
PREV B
SEK 83.00
Prevas
7D
-1.7%
1Y
-21.1%

Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00

Feb 13
Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00
EXS
SEK 109.00
Exsitec Holding
7D
-4.0%
1Y
-4.4%

Analysts Have Been Trimming Their Exsitec Holding AB (publ) (STO:EXS) Price Target After Its Latest Report

Feb 06
Analysts Have Been Trimming Their Exsitec Holding AB (publ) (STO:EXS) Price Target After Its Latest Report
TALK
SEK 14.50
TalkPool
7D
4.7%
1Y
93.3%
BINERO
SEK 2.14
Binero Group
7D
-4.5%
1Y
-10.8%
CYB1
€0.0006
Cyber Security 1
7D
-62.5%
1Y
-84.2%

Cyber Security 1 AB (publ)'s (STO:CYB1) Shares Bounce 43% But Its Business Still Trails The Industry

Nov 28
Cyber Security 1 AB (publ)'s (STO:CYB1) Shares Bounce 43% But Its Business Still Trails The Industry