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Swedish (OMX) IT Industry Analysis

UpdatedJun 15, 2025
DataAggregated Company Financials
Companies29
  • 7D0.3%
  • 3M-4.5%
  • 1Y-13.8%
  • YTD-3.6%

Over the last 7 days, the IT industry has remained flat, although notably Proact IT Group declined by 5.2%. As for the longer term, the industry has declined 14% in the last year. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16.1x24x1.1x
Tue, 13 May 2025SEK 30.4bSEK 29.3bSEK 1.1b16.6x28.7x1x
Thu, 10 Apr 2025SEK 28.9bSEK 30.5bSEK 1.2b13.7x24.2x0.9x
Sat, 08 Mar 2025SEK 33.7bSEK 30.5bSEK 1.5b14.8x22.9x1.1x
Mon, 03 Feb 2025SEK 35.0bSEK 30.6bSEK 1.5b15.1x23.1x1.1x
Wed, 01 Jan 2025SEK 33.3bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Fri, 29 Nov 2024SEK 33.1bSEK 30.9bSEK 1.4b15.1x24.1x1.1x
Sun, 27 Oct 2024SEK 34.6bSEK 30.9bSEK 1.4b15.5x25.3x1.1x
Tue, 24 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.6x28.8x1.2x
Thu, 22 Aug 2024SEK 35.5bSEK 29.7bSEK 1.2b20x30.1x1.2x
Sat, 20 Jul 2024SEK 36.1bSEK 29.7bSEK 1.2b19.7x29.4x1.2x
Mon, 17 Jun 2024SEK 36.2bSEK 29.1bSEK 525.6m19.2x68.9x1.2x
Wed, 15 May 2024SEK 36.4bSEK 29.5bSEK 839.7m16.5x43.4x1.2x
Fri, 12 Apr 2024SEK 37.0bSEK 30.1bSEK 920.1m16.6x40.2x1.2x
Sun, 10 Mar 2024SEK 34.7bSEK 30.1bSEK 910.0m16.8x38.1x1.2x
Tue, 06 Feb 2024SEK 33.9bSEK 30.7bSEK 573.6m17x59.1x1.1x
Thu, 04 Jan 2024SEK 30.7bSEK 30.5bSEK 608.7m15.6x50.4x1x
Sat, 02 Dec 2023SEK 28.6bSEK 30.5bSEK 613.2m15.5x46.6x0.9x
Mon, 30 Oct 2023SEK 26.1bSEK 30.3bSEK 599.4m14.6x43.6x0.9x
Wed, 27 Sep 2023SEK 25.3bSEK 30.1bSEK 677.2m14x37.4x0.8x
Fri, 25 Aug 2023SEK 27.5bSEK 29.9bSEK 683.1m15.1x40.3x0.9x
Sun, 23 Jul 2023SEK 28.5bSEK 29.7bSEK 673.2m15.9x42.4x1x
Tue, 20 Jun 2023SEK 36.9bSEK 29.1bSEK 1.5b14.1x25x1.3x
Thu, 18 May 2023SEK 38.1bSEK 28.9bSEK 1.5b15.2x26.1x1.3x
Sat, 15 Apr 2023SEK 42.1bSEK 27.5bSEK 1.5b17x28.9x1.5x
Mon, 13 Mar 2023SEK 39.6bSEK 26.9bSEK 1.4b16x27.9x1.5x
Wed, 08 Feb 2023SEK 39.1bSEK 25.7bSEK 1.3b16.3x30.7x1.5x
Fri, 06 Jan 2023SEK 35.1bSEK 25.1bSEK 1.3b14.7x27.6x1.4x
Sun, 04 Dec 2022SEK 36.7bSEK 25.1bSEK 1.3b15.4x28.5x1.5x
Tue, 01 Nov 2022SEK 34.5bSEK 24.7bSEK 1.3b14.5x26.6x1.4x
Thu, 29 Sep 2022SEK 30.8bSEK 23.3bSEK 1.3b13.5x24.3x1.3x
Sat, 27 Aug 2022SEK 42.1bSEK 23.2bSEK 1.3b15.8x33.2x1.8x
Mon, 25 Jul 2022SEK 43.3bSEK 22.8bSEK 1.3b15x33.1x1.9x
Wed, 22 Jun 2022SEK 41.9bSEK 21.5bSEK 1.1b16.4x36.7x1.9x
Price to Earnings Ratio

36.7x


Total Market Cap: SEK 41.9bTotal Earnings: SEK 1.1bTotal Revenue: SEK 21.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 34.1x202320242025
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 23.9x which is lower than its 3-year average PE of 34.1x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 5.9% per year over the last three years.
  • Revenues for these companies have grown 11% 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-2.88%
Tech-3.90%
IT0.25%
Internet Services and Infrastructure5.20%
IT Consulting0.067%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings decline of 7.3% 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 IT Consulting industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 7.3% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ANOD B Addnode GroupSEK 104.001.8%
+SEK 240.3m		-9.2%PE37.3x
EXS Exsitec HoldingSEK 132.0010.0%
+SEK 161.2m		-25.2%PE28.4x
INFRA InfraCom GroupSEK 25.604.9%
+SEK 41.7m		n/aPE10.2x
BINERO Binero GroupSEK 2.487.8%
+SEK 22.4m		-32.2%PE24x
NTEK B NovotekSEK 88.602.1%
+SEK 19.1m		34.7%PE12.5x
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Latest News

EXS

SEK 132.00

Exsitec Holding

7D

10.0%

1Y

-25.2%

Returns Are Gaining Momentum At Exsitec Holding (STO:EXS)

Jun 14
Returns Are Gaining Momentum At Exsitec Holding (STO:EXS)

SAFETY B

SEK 19.00

mySafety Group

7D

-6.6%

1Y

182.7%

PACT

SEK 112.40

Proact IT Group

7D

-5.2%

1Y

-26.0%

AIXIA B

SEK 155.00

Aixia Group

7D

6.9%

1Y

-15.8%

ANOD B

SEK 104.00

Addnode Group

7D

1.8%

1Y

-9.2%

SOLIDX

SEK 2.14

Solidx

7D

-25.7%

1Y

-25.2%

KNOW

SEK 128.60

Knowit

7D

-2.6%

1Y

-24.5%

Knowit's (STO:KNOW) Dividend Will Be SEK1.15

May 28
Knowit's (STO:KNOW) Dividend Will Be SEK1.15

CAG

SEK 109.00

CAG Group

7D

-1.8%

1Y

2.8%

PREV B

SEK 90.40

Prevas

7D

-5.7%

1Y

-31.1%

TRIONA

SEK 43.80

Triona

7D

-4.8%

1Y

-8.0%

Triona AB's (NGM:TRIONA) Subdued P/S Might Signal An Opportunity

May 15
Triona AB's (NGM:TRIONA) Subdued P/S Might Signal An Opportunity

INFRA

SEK 25.60

InfraCom Group

7D

4.9%

1Y

n/a

InfraCom Group (NGM:INFRA) Has Announced That It Will Be Increasing Its Dividend To SEK0.60

May 11
InfraCom Group (NGM:INFRA) Has Announced That It Will Be Increasing Its Dividend To SEK0.60

NTEK B

SEK 88.60

Novotek

7D

2.1%

1Y

34.7%

SOF B

SEK 22.70

Softronic

7D

1.3%

1Y

3.9%

Softronic (STO:SOF B) Is Posting Promising Earnings But The Good News Doesn’t Stop There

May 05
Softronic (STO:SOF B) Is Posting Promising Earnings But The Good News Doesn’t Stop There

ENEA

SEK 65.00

Enea

7D

-1.7%

1Y

-15.5%

Earnings Miss: Enea AB (publ) Missed EPS And Analysts Are Revising Their Forecasts

Apr 27
Earnings Miss: Enea AB (publ) Missed EPS And Analysts Are Revising Their Forecasts

NODE

SEK 18.50

Nodebis Applications

7D

8.8%

1Y

54.2%

The Return Trends At Nodebis Applications (NGM:NODE) Look Promising

Apr 13
The Return Trends At Nodebis Applications (NGM:NODE) Look Promising

BINERO

SEK 2.48

Binero Group

7D

7.8%

1Y

-32.2%

Binero Group's (STO:BINERO) Solid Profits Have Weak Fundamentals

Feb 28
Binero Group's (STO:BINERO) Solid Profits Have Weak Fundamentals