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Swedish (OMX) IT Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.8%
  • 3M-9.2%
  • 1Y-18.8%
  • YTD-7.8%

Over the last 7 days, the IT industry has dropped 2.8%, driven by Addnode Group declining 5.3%. In contrast, Knowit has gained 7.2%. The industry has fallen 19% in the last year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026SEK 28.1bSEK 27.2bSEK 952.8m16.1x29.5x1x
Tue, 06 Jan 2026SEK 30.5bSEK 27.3bSEK 1.4b17.5x22.2x1.1x
Thu, 04 Dec 2025SEK 30.5bSEK 27.5bSEK 1.4b16.6x22.5x1.1x
Sat, 01 Nov 2025SEK 32.8bSEK 27.5bSEK 1.0b16.9x31.4x1.2x
Mon, 29 Sep 2025SEK 30.7bSEK 28.1bSEK 1.1b14.7x27.3x1.1x
Wed, 27 Aug 2025SEK 32.2bSEK 28.1bSEK 1.4b15.5x23.7x1.1x
Fri, 25 Jul 2025SEK 33.4bSEK 28.1bSEK 1.4b15.9x24.5x1.2x
Sun, 22 Jun 2025SEK 32.2bSEK 29.3bSEK 1.4b16.4x23.7x1.1x
Tue, 20 May 2025SEK 31.0bSEK 29.3bSEK 1.1b17x29.3x1.1x
Thu, 17 Apr 2025SEK 31.4bSEK 30.4bSEK 1.2b14.4x26.3x1x
Sat, 15 Mar 2025SEK 33.7bSEK 30.5bSEK 1.2b14.8x28x1.1x
Mon, 10 Feb 2025SEK 34.7bSEK 30.4bSEK 1.4b14.7x24.1x1.1x
Wed, 08 Jan 2025SEK 33.4bSEK 31.1bSEK 1.4b15.8x23.7x1.1x
Fri, 06 Dec 2024SEK 33.8bSEK 30.9bSEK 1.3b15.4x25.7x1.1x
Sun, 03 Nov 2024SEK 33.7bSEK 30.8bSEK 1.4b15.2x24.6x1.1x
Tue, 01 Oct 2024SEK 35.5bSEK 30.0bSEK 1.2b17.1x29.3x1.2x
Thu, 29 Aug 2024SEK 35.3bSEK 29.8bSEK 1.2b22.5x29.2x1.2x
Sat, 27 Jul 2024SEK 35.6bSEK 29.7bSEK 1.2b20.4x30.2x1.2x
Mon, 24 Jun 2024SEK 37.7bSEK 29.2bSEK 524.4m19.3x71.9x1.3x
Wed, 22 May 2024SEK 37.7bSEK 29.5bSEK 820.9m17.2x45.9x1.3x
Fri, 19 Apr 2024SEK 36.5bSEK 30.1bSEK 927.1m16.7x39.3x1.2x
Sun, 17 Mar 2024SEK 35.0bSEK 30.1bSEK 910.0m16.8x38.5x1.2x
Tue, 13 Feb 2024SEK 34.6bSEK 30.6bSEK 573.8m17.7x60.3x1.1x
Thu, 11 Jan 2024SEK 30.8bSEK 30.5bSEK 606.9m15.7x50.7x1x
Sat, 09 Dec 2023SEK 28.8bSEK 30.5bSEK 612.6m15.8x47.1x0.9x
Mon, 06 Nov 2023SEK 26.6bSEK 30.3bSEK 601.0m14.5x44.2x0.9x
Wed, 04 Oct 2023SEK 25.7bSEK 30.1bSEK 677.2m14.1x37.9x0.9x
Fri, 01 Sep 2023SEK 27.6bSEK 29.9bSEK 666.5m15.2x41.4x0.9x
Sun, 30 Jul 2023SEK 29.0bSEK 29.7bSEK 673.2m16x43.1x1x
Tue, 27 Jun 2023SEK 35.8bSEK 29.1bSEK 1.5b13.3x24.2x1.2x
Thu, 25 May 2023SEK 37.1bSEK 29.0bSEK 1.5b14.6x25.1x1.3x
Sat, 22 Apr 2023SEK 40.9bSEK 27.5bSEK 1.5b16.5x28x1.5x
Mon, 20 Mar 2023SEK 39.3bSEK 26.9bSEK 1.4b15.7x27.6x1.5x
Wed, 15 Feb 2023SEK 39.6bSEK 26.6bSEK 1.3b16x30.1x1.5x
Price to Earnings Ratio

30.1x


Total Market Cap: SEK 39.6bTotal Earnings: SEK 1.3bTotal Revenue: SEK 26.6bTotal 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 29.5x which is lower than its 3-year average PE of 33.1x.
  • 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 declined 10% 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 Market2.14%
Tech-0.48%
IT-2.83%
Internet Services and Infrastructure1.11%
Data Processing Services0%0
IT Consulting-3.01%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 24.6%, 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 IT Consulting industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 6.3% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 23% 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
KNOW KnowitSEK 125.007.2%
+SEK 229.4m		-8.1%PS0.6x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
INFRA InfraCom GroupSEK 27.203.0%
+SEK 27.8m		35.3%PE6.5x
PRCO B Precio FishboneSEK 22.203.7%
+SEK 7.3m		4.7%PE73.5x

Latest News

KNOW
SEK 125.00
Knowit
7D
7.2%
1Y
-8.1%

KNOW: New Public Contracts Will Support Future Digital Mobility Upside

Analysts have slightly increased their price target for Knowit from SEK148.67 to about SEK149.00, citing updated assumptions on discount rates, long-term revenue growth, profit margins, and future P/E levels. What's in the News Knowit signed a new three year agreement with Equinor covering further development and operation of Equinor's Distributed Fiber Optic Sensing platform, including software development, system integration, and technology advisory services (Key Developments).
ENEA
SEK 62.90
Enea
7D
-6.0%
1Y
-35.3%
EXS
SEK 130.50
Exsitec Holding
7D
-6.8%
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
ANOD B
SEK 81.20
Addnode Group
7D
-5.3%
1Y
-30.8%
B3
SEK 38.95
B3 Consulting Group
7D
-5.3%
1Y
-46.1%
PREV B
SEK 88.70
Prevas
7D
-4.8%
1Y
-17.4%
PRCO B
SEK 22.20
Precio Fishbone
7D
3.7%
1Y
4.7%

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
INFRA
SEK 27.20
InfraCom Group
7D
3.0%
1Y
35.3%

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
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NTEK B
SEK 81.00
Novotek
7D
-3.8%
1Y
14.4%
PACT
SEK 99.60
Proact IT Group
7D
-2.2%
1Y
-19.0%
SOF B
SEK 21.00
Softronic
7D
-1.6%
1Y
-9.3%