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

Swedish (OMX) IT Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies22
  • 7D-3.4%
  • 3M-12.7%
  • 1Y-10.7%
  • YTD-14.8%

Over the last 7 days, the IT industry has dropped 3.4%, driven by pullbacks in Knowit and Addnode Group of 13% and 3.4%, respectively. On the other hand Enea is actually up 15%. The industry has fallen 11% in the last year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026SEK 25.9bSEK 27.3bSEK 876.1m17.1x29.6x1x
Wed, 25 Mar 2026SEK 23.4bSEK 27.3bSEK 833.3m16.6x28.1x0.9x
Fri, 20 Feb 2026SEK 25.9bSEK 27.2bSEK 870.7m17.7x29.8x1x
Sun, 18 Jan 2026SEK 30.4bSEK 27.3bSEK 1.4b17.8x22.1x1.1x
Tue, 16 Dec 2025SEK 30.7bSEK 27.3bSEK 1.4b17x22.3x1.1x
Thu, 13 Nov 2025SEK 31.4bSEK 27.5bSEK 1.1b16.6x29x1.1x
Sat, 11 Oct 2025SEK 31.2bSEK 28.1bSEK 1.1b15.4x27.6x1.1x
Mon, 08 Sep 2025SEK 32.8bSEK 28.1bSEK 1.2b15.3x28.4x1.2x
Wed, 06 Aug 2025SEK 32.7bSEK 28.1bSEK 1.4b15.6x24x1.2x
Fri, 04 Jul 2025SEK 34.0bSEK 29.2bSEK 1.4b14.9x24x1.2x
Sun, 01 Jun 2025SEK 32.2bSEK 29.3bSEK 1.1b15.8x29.9x1.1x
Tue, 29 Apr 2025SEK 29.4bSEK 29.4bSEK 1.1b16.5x26.1x1x
Thu, 27 Mar 2025SEK 32.8bSEK 30.5bSEK 1.2b15x27.4x1.1x
Sat, 22 Feb 2025SEK 34.5bSEK 30.4bSEK 1.5b14.8x23.3x1.1x
Mon, 20 Jan 2025SEK 31.8bSEK 31.1bSEK 1.4b15.3x22.6x1x
Wed, 18 Dec 2024SEK 33.5bSEK 31.2bSEK 1.3b15.6x25.2x1.1x
Fri, 15 Nov 2024SEK 33.7bSEK 30.9bSEK 1.4b15.3x24.5x1.1x
Sun, 13 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b17.3x28.4x1.1x
Tue, 10 Sep 2024SEK 34.3bSEK 30.0bSEK 1.2b20x28.3x1.1x
Thu, 08 Aug 2024SEK 34.3bSEK 29.7bSEK 1.2b19.6x29.1x1.2x
Sat, 06 Jul 2024SEK 38.7bSEK 29.2bSEK 524.4m19.6x73.8x1.3x
Mon, 03 Jun 2024SEK 38.5bSEK 29.5bSEK 802.9m18.8x47.9x1.3x
Wed, 01 May 2024SEK 34.6bSEK 29.7bSEK 851.4m15.6x40.6x1.2x
Fri, 29 Mar 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Sun, 25 Feb 2024SEK 35.9bSEK 30.8bSEK 787.7m15.8x45.6x1.2x
Tue, 23 Jan 2024SEK 30.9bSEK 30.5bSEK 606.9m15.4x50.9x1x
Thu, 21 Dec 2023SEK 30.7bSEK 30.5bSEK 608.7m15.7x50.4x1x
Sat, 18 Nov 2023SEK 28.6bSEK 30.3bSEK 582.9m14x49.1x0.9x
Mon, 16 Oct 2023SEK 25.6bSEK 30.1bSEK 676.9m14x37.8x0.9x
Wed, 13 Sep 2023SEK 26.4bSEK 30.1bSEK 677.2m14.5x39x0.9x
Fri, 11 Aug 2023SEK 28.9bSEK 29.7bSEK 673.2m16.1x43x1x
Sun, 09 Jul 2023SEK 30.2bSEK 29.4bSEK 1.5b14.1x20.3x1x
Tue, 06 Jun 2023SEK 37.4bSEK 29.1bSEK 1.5b14.5x25.4x1.3x
Thu, 04 May 2023SEK 40.9bSEK 28.7bSEK 1.5b16.3x27.9x1.4x
Price to Earnings Ratio

27.9x


Total Market Cap: SEK 40.9bTotal Earnings: SEK 1.5bTotal Revenue: SEK 28.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish IT 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 29.6x which is lower than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.95x.
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-2.41%
Tech-0.26%
IT-3.36%
Data Processing Services0%0
Internet Services and Infrastructure-0.10%
IT Consulting-3.50%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.8x.
    • Analysts are expecting annual earnings growth of 24.6%, 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 25% 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 8.6% 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
ENEA EneaSEK 73.8014.8%
+SEK 178.8m		13.0%PE16x
EXS Exsitec HoldingSEK 113.503.2%
+SEK 47.0m		-7.3%PE16.7x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
BINERO Binero GroupSEK 2.001.0%
+SEK 2.8m		-14.5%PS0.6x
PRCO B Precio FishboneSEK 19.501.6%
+SEK 2.8m		-12.2%PE88.8x

Latest News

PREV B
SEK 85.40
Prevas
7D
-5.0%
1Y
-14.3%

There May Be Some Bright Spots In Prevas' (STO:PREV B) Earnings

Apr 27
There May Be Some Bright Spots In Prevas' (STO:PREV B) Earnings
ENEA
SEK 73.80
Enea
7D
14.8%
1Y
13.0%

ENEA: Messaging Security Wins And Buybacks Will Support Balanced Outlook

Analysts have kept their SEK fair value estimate for Enea unchanged, making only modest adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that guide the updated price target discussion. What's in the News Liberty Costa Rica reports that deploying Enea’s Adaptive Messaging Firewall reduced SMS spam by 99% within three weeks, blocking over 30,000 new scam domains and aiming to improve subscriber safety and regulatory alignment (Client announcement).
KNOW
SEK 97.30
Knowit
7D
-12.7%
1Y
-32.8%
EXS
SEK 113.50
Exsitec Holding
7D
3.2%
1Y
-7.3%
PRCO B
SEK 19.50
Precio Fishbone
7D
1.6%
1Y
-12.2%
PACT
SEK 115.20
Proact IT Group
7D
-6.8%
1Y
-1.5%

What Does Proact IT Group AB (publ)'s (STO:PACT) Share Price Indicate?

Apr 21
What Does Proact IT Group AB (publ)'s (STO:PACT) Share Price Indicate?
WPTG B
SEK 13.92
White Pearl Technology Group
7D
-3.7%
1Y
107.8%
FRAM B
SEK 4.75
Fram Skandinavien
7D
0.6%
1Y
-28.0%
ANOD B
SEK 72.80
Addnode Group
7D
-3.4%
1Y
-11.0%

ANOD B: Acquisition-Led Expansion And Disciplined Leverage Will Support Future Upside

Analysts have trimmed their fair value estimate for Addnode Group from SEK131 to SEK116. This reflects updated assumptions for growth, margins and future P/E, along with the application of a higher discount rate.
NTEK B
SEK 64.20
Novotek
7D
-4.3%
1Y
-19.5%
B3
SEK 33.80
B3 Consulting Group
7D
-4.5%
1Y
-44.5%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 23.40
Nodebis Applications
7D
-9.3%
1Y
37.6%

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
BINERO
SEK 2.00
Binero Group
7D
1.0%
1Y
-14.5%
DIAH
SEK 2.50
Diadrom Holding
7D
16.3%
1Y
-68.9%
SBG
SEK 0.68
StoneBeach Group
7D
2.6%
1Y
177.1%