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Swedish (OMX) IT Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.8%
  • 3M-9.4%
  • 1Y-6.8%
  • YTD-0.8%

Last week, the IT industry hasn't moved much but Softronic is up 7.0% in that time. Unfortunately though, the industry is down 6.8% over the past 12 months. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026SEK 30.2bSEK 27.3bSEK 1.4b17.4x21.9x1.1x
Mon, 22 Dec 2025SEK 30.3bSEK 27.3bSEK 1.4b16.9x22x1.1x
Wed, 19 Nov 2025SEK 29.8bSEK 27.5bSEK 1.1b15.8x26.1x1.1x
Fri, 17 Oct 2025SEK 31.9bSEK 28.1bSEK 1.1b15.2x28.3x1.1x
Sun, 14 Sep 2025SEK 32.7bSEK 28.1bSEK 1.1b15x29x1.2x
Tue, 12 Aug 2025SEK 32.5bSEK 28.1bSEK 1.4b16.2x23.8x1.2x
Thu, 10 Jul 2025SEK 34.4bSEK 29.2bSEK 1.4b14.9x24.2x1.2x
Sat, 07 Jun 2025SEK 32.4bSEK 29.3bSEK 1.4b16.2x23.9x1.1x
Mon, 05 May 2025SEK 30.3bSEK 29.2bSEK 1.1b16.4x27.5x1x
Wed, 02 Apr 2025SEK 32.5bSEK 30.5bSEK 1.2b15.2x27.2x1.1x
Fri, 28 Feb 2025SEK 34.0bSEK 30.5bSEK 1.5b15.5x22.8x1.1x
Sun, 26 Jan 2025SEK 32.6bSEK 31.1bSEK 1.4b15.5x23.1x1x
Tue, 24 Dec 2024SEK 33.4bSEK 31.2bSEK 1.3b15.2x25.2x1.1x
Thu, 21 Nov 2024SEK 32.7bSEK 30.9bSEK 1.4b15x23.8x1.1x
Sat, 19 Oct 2024SEK 35.0bSEK 30.8bSEK 1.3b16.6x26.9x1.1x
Mon, 16 Sep 2024SEK 35.4bSEK 30.0bSEK 1.2b20x29.3x1.2x
Wed, 14 Aug 2024SEK 34.3bSEK 29.7bSEK 1.2b20.8x29.1x1.2x
Fri, 12 Jul 2024SEK 39.1bSEK 29.2bSEK 524.4m19.8x74.6x1.3x
Sun, 09 Jun 2024SEK 37.4bSEK 29.1bSEK 525.6m19.6x71.2x1.3x
Tue, 07 May 2024SEK 35.7bSEK 29.5bSEK 809.0m16.5x44.1x1.2x
Thu, 04 Apr 2024SEK 36.6bSEK 30.2bSEK 924.0m16.8x39.6x1.2x
Sat, 02 Mar 2024SEK 35.7bSEK 30.1bSEK 910.7m16.1x39.2x1.2x
Mon, 29 Jan 2024SEK 32.2bSEK 30.5bSEK 606.9m15.6x53x1.1x
Wed, 27 Dec 2023SEK 30.9bSEK 30.5bSEK 608.7m15.8x50.8x1x
Fri, 24 Nov 2023SEK 28.8bSEK 30.4bSEK 584.4m14.6x49.3x0.9x
Sun, 22 Oct 2023SEK 24.9bSEK 30.1bSEK 687.8m13.8x36.3x0.8x
Tue, 19 Sep 2023SEK 25.8bSEK 30.1bSEK 677.2m14x38.1x0.9x
Thu, 17 Aug 2023SEK 28.7bSEK 29.7bSEK 675.7m15.1x42.4x1x
Sat, 15 Jul 2023SEK 29.7bSEK 29.5bSEK 1.4b13.5x20.7x1x
Mon, 12 Jun 2023SEK 36.7bSEK 29.1bSEK 1.5b14.4x24.9x1.3x
Wed, 10 May 2023SEK 38.1bSEK 28.9bSEK 1.5b15.5x26.1x1.3x
Fri, 07 Apr 2023SEK 40.2bSEK 26.9bSEK 1.4b17.1x28.3x1.5x
Sun, 05 Mar 2023SEK 40.5bSEK 26.9bSEK 1.4b19.6x28.2x1.5x
Tue, 31 Jan 2023SEK 36.6bSEK 25.2bSEK 1.2b15.7x29.4x1.5x
Price to Earnings Ratio

29.4x


Total Market Cap: SEK 36.6bTotal Earnings: SEK 1.2bTotal Revenue: SEK 25.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.2x202420252026
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 21.9x which is lower than its 3-year average PE of 33.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 3.4% per year over the last three years.
  • Revenues for these companies have grown 2.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market-1.18%
Tech1.01%
IT-0.76%
Internet Services and Infrastructure3.89%
Data Processing Services0%0
IT Consulting-0.94%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings decline of 6.3% 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 Internet Services and Infrastructure industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 21% 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
SOF B SoftronicSEK 23.007.0%
+SEK 78.9m		-0.9%PE16x
WPTG B White Pearl Technology GroupSEK 19.1516.1%
+SEK 75.6m		174.4%PE7.3x
INFRA InfraCom GroupSEK 26.005.7%
+SEK 48.6m		29.4%PE6.2x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
PREV B PrevasSEK 98.401.9%
+SEK 23.2m		-7.9%PE17.5x

Latest News

KNOW
SEK 116.20
Knowit
7D
-3.2%
1Y
-13.2%

KNOW: Long Term Nordic Tech Contracts Will Support Future Upside

Analysts have kept their fair value estimate for Knowit steady at SEK 155.00, with minor tweaks to discount rate, revenue growth, profit margin and future P/E assumptions, reflecting slightly adjusted views on the company’s risk profile and earnings power. What's in the News Knowit agreed a new three year contract with Equinor to further develop and operate Equinor's Distributed Fiber Optic Sensing platform.
WPTG B
SEK 19.15
White Pearl Technology Group
7D
16.1%
1Y
174.4%
ANOD B
SEK 91.60
Addnode Group
7D
-0.7%
1Y
-8.2%

Addnode Group (STO:ANOD B) Has Some Way To Go To Become A Multi-Bagger

Jan 20
Addnode Group (STO:ANOD B) Has Some Way To Go To Become A Multi-Bagger
PRCO B
SEK 23.60
Precio Fishbone
7D
4.4%
1Y
5.4%

Precio Fishbone AB (publ)'s (STO:PRCO B) Price Is Out Of Tune With Revenues

Jan 13
Precio Fishbone AB (publ)'s (STO:PRCO B) Price Is Out Of Tune With Revenues
ENEA
SEK 75.90
Enea
7D
-1.9%
1Y
-27.4%

ENEA: Telecom Security Contracts And Buybacks Will Support Balanced Long Term Outlook

Analysts have nudged their price target for Enea slightly higher to reflect a modestly lower discount rate and a small adjustment to the assumed future P/E multiple, while keeping fair value unchanged at €80.00. What's in the News Enea secured a US$3.7 million contract with a government customer in Northern Africa to provide Traffic Management and Traffic Intelligence solutions.
INFRA
SEK 26.00
InfraCom Group
7D
5.7%
1Y
29.4%

Here's Why InfraCom Group (NGM:INFRA) Can Manage Its Debt Responsibly

Dec 24
Here's Why InfraCom Group (NGM:INFRA) Can Manage Its Debt Responsibly
DIAH
SEK 1.98
Diadrom Holding
7D
-40.7%
1Y
-78.0%
PREV B
SEK 98.40
Prevas
7D
1.9%
1Y
-7.9%

Market Might Still Lack Some Conviction On Prevas AB (STO:PREV B) Even After 27% Share Price Boost

Nov 14
Market Might Still Lack Some Conviction On Prevas AB (STO:PREV B) Even After 27% Share Price Boost
GENI
SEK 47.35
Generic Sweden
7D
-2.7%
1Y
-15.4%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 25.00
Nodebis Applications
7D
1.6%
1Y
159.1%

What You Can Learn From Nodebis Applications AB (publ)'s (NGM:NODE) P/S

Nov 10
What You Can Learn From Nodebis Applications AB (publ)'s (NGM:NODE) P/S
NTEK B
SEK 87.00
Novotek
7D
0.9%
1Y
22.9%
EXS
SEK 143.50
Exsitec Holding
7D
-1.7%
1Y
10.4%

Earnings Beat: Exsitec Holding AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Oct 28
Earnings Beat: Exsitec Holding AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
PACT
SEK 105.20
Proact IT Group
7D
-6.4%
1Y
-11.4%
B3
SEK 41.20
B3 Consulting Group
7D
-2.4%
1Y
-42.9%
SOF B
SEK 23.00
Softronic
7D
7.0%
1Y
-0.9%