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Swedish (OMX) IT Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies22
  • 7D1.1%
  • 3M0.9%
  • 1Y-7.7%
  • YTDn/a

Over the last 7 days, the IT industry has risen 1.1%, driven by gains from Addnode Group of 1.5%. In contrast, the industry has lost 7.7% in the last 12 months. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026SEK 30.9bSEK 27.3bSEK 1.4b17.3x22.4x1.1x
Sat, 29 Nov 2025SEK 30.5bSEK 27.5bSEK 1.4b16.6x22.5x1.1x
Mon, 27 Oct 2025SEK 33.4bSEK 27.5bSEK 1.1b16.3x31.6x1.2x
Wed, 24 Sep 2025SEK 32.0bSEK 28.1bSEK 1.1b14.9x28.4x1.1x
Fri, 22 Aug 2025SEK 32.1bSEK 28.1bSEK 1.4b15.5x23.6x1.1x
Sun, 20 Jul 2025SEK 33.6bSEK 28.1bSEK 1.4b16.4x24.6x1.2x
Tue, 17 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16.1x24x1.1x
Thu, 15 May 2025SEK 31.2bSEK 29.3bSEK 1.1b16.8x29.5x1.1x
Sat, 12 Apr 2025SEK 30.1bSEK 30.5bSEK 1.2b13.7x25.2x1x
Mon, 10 Mar 2025SEK 33.7bSEK 30.5bSEK 1.5b14.8x22.9x1.1x
Wed, 05 Feb 2025SEK 35.2bSEK 30.6bSEK 1.5b15.1x23.5x1.2x
Fri, 03 Jan 2025SEK 33.7bSEK 31.1bSEK 1.4b15.6x23.9x1.1x
Sun, 01 Dec 2024SEK 33.1bSEK 30.9bSEK 1.3b15.2x25.1x1.1x
Tue, 29 Oct 2024SEK 34.8bSEK 30.8bSEK 1.4b15.7x25.4x1.1x
Thu, 26 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.6x28.8x1.2x
Sat, 24 Aug 2024SEK 35.4bSEK 29.8bSEK 1.2b21x29.5x1.2x
Mon, 22 Jul 2024SEK 36.1bSEK 29.7bSEK 1.2b19.7x29.9x1.2x
Wed, 19 Jun 2024SEK 36.7bSEK 29.1bSEK 525.6m19x69.8x1.3x
Fri, 17 May 2024SEK 36.6bSEK 29.5bSEK 839.7m16.8x43.6x1.2x
Sun, 14 Apr 2024SEK 36.7bSEK 30.1bSEK 920.1m16.7x39.8x1.2x
Tue, 12 Mar 2024SEK 34.5bSEK 30.1bSEK 910.0m16.7x37.9x1.1x
Thu, 08 Feb 2024SEK 34.5bSEK 30.7bSEK 572.3m17.2x60.2x1.1x
Sat, 06 Jan 2024SEK 30.8bSEK 30.5bSEK 608.7m15.5x50.6x1x
Mon, 04 Dec 2023SEK 28.6bSEK 30.5bSEK 612.5m15.5x46.7x0.9x
Wed, 01 Nov 2023SEK 26.4bSEK 30.3bSEK 599.4m14.2x44x0.9x
Fri, 29 Sep 2023SEK 25.5bSEK 30.1bSEK 677.2m14.3x37.6x0.8x
Sun, 27 Aug 2023SEK 27.5bSEK 29.9bSEK 668.8m15.3x41.1x0.9x
Tue, 25 Jul 2023SEK 28.7bSEK 29.7bSEK 673.2m15.9x42.7x1x
Thu, 22 Jun 2023SEK 36.1bSEK 29.1bSEK 1.5b13.6x24.4x1.2x
Sat, 20 May 2023SEK 38.6bSEK 28.9bSEK 1.5b14.8x26.5x1.3x
Mon, 17 Apr 2023SEK 42.1bSEK 27.0bSEK 1.4b17.9x29.6x1.6x
Wed, 15 Mar 2023SEK 39.3bSEK 26.9bSEK 1.4b16.2x27.7x1.5x
Fri, 10 Feb 2023SEK 39.3bSEK 26.1bSEK 1.3b16.8x31.1x1.5x
Sun, 08 Jan 2023SEK 35.1bSEK 25.1bSEK 1.3b14.7x27.6x1.4x
Price to Earnings Ratio

27.6x


Total Market Cap: SEK 35.1bTotal Earnings: SEK 1.3bTotal Revenue: SEK 25.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.3x202420252026
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 22.4x which is lower than its 3-year average PE of 33.3x.
  • 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 2.7% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market1.25%
Tech1.56%
IT1.05%
Internet Services and Infrastructure2.54%
IT Consulting1.00%
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 30.4x.
    • Analysts are expecting annual earnings growth of 21.4%, 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 25% 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
ANOD B Addnode GroupSEK 96.901.5%
+SEK 189.8m		-6.2%PE34.7x
KNOW KnowitSEK 118.004.1%
+SEK 125.6m		-16.4%PE33.1x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
INFRA InfraCom GroupSEK 23.804.4%
+SEK 34.7m		13.3%PE5.7x
PREV B PrevasSEK 94.701.3%
+SEK 15.5m		-19.5%PE16.8x

Latest News

ANOD B
SEK 96.90
Addnode Group
7D
1.5%
1Y
-6.2%

ANOD B: Ongoing M&A Activity Will Drive Future Upside Despite Integration Focus

Analysts have slightly reduced their price target for Addnode Group from SEK 132.25 to SEK 131.00, reflecting marginally higher discount rate assumptions and slightly softer long term growth and margin expectations. What's in the News Addnode Group continues to pursue acquisitions, with management confirming it is actively looking for new targets despite recently completing a major deal (company statement).
INFRA
SEK 23.80
InfraCom Group
7D
4.4%
1Y
13.3%

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
ENEA
SEK 70.30
Enea
7D
-0.4%
1Y
-33.0%

ENEA: Recent Telecom Security Wins Will Drive Long Term Upside

Analysts have modestly raised their price target on Enea to €80.00, reflecting slightly higher long term return assumptions while maintaining a broadly unchanged view on the company’s growth and profitability profile. What's in the News Asiacell deployed Enea's Data Traffic Management solution to improve subscriber quality of experience and optimize rapidly growing video traffic, enhancing performance while conserving network resources (client announcement).
BINERO
SEK 2.24
Binero Group
7D
-1.8%
1Y
-22.8%
KNOW
SEK 118.00
Knowit
7D
4.1%
1Y
-16.4%

KNOW: New Public Contracts Will Drive Future Digital Mobility Expansion

Analysts have nudged their price target on Knowit slightly higher to approximately $148.67 per share, reflecting modest improvements in discount rate assumptions, long term revenue growth expectations, and projected profitability and valuation multiples. What's in the News Signed a new three year agreement with Equinor to further develop and operate its Distributed Fiber Optic Sensing platform, expanding the use of DFOS technology across Equinor's energy and infrastructure portfolio (Key Developments).
CYB1
€0.002
Cyber Security 1
7D
-23.1%
1Y
-78.3%

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
CX
SEK 36.80
CombinedX
7D
0.8%
1Y
12.9%
PREV B
SEK 94.70
Prevas
7D
1.3%
1Y
-19.5%

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
PRCO B
SEK 20.20
Precio Fishbone
7D
-1.9%
1Y
-9.0%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NTEK B
SEK 81.40
Novotek
7D
-2.6%
1Y
9.7%
EXS
SEK 153.00
Exsitec Holding
7D
-1.3%
1Y
5.9%

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 113.20
Proact IT Group
7D
0.4%
1Y
-4.9%
B3
SEK 42.30
B3 Consulting Group
7D
-1.9%
1Y
-45.2%
CAG
SEK 105.50
CAG Group
7D
-1.4%
1Y
-5.8%
SOF B
SEK 22.00
Softronic
7D
0.7%
1Y
-5.0%