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

Swedish (OMX) IT Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies22
  • 7D0.1%
  • 3M-0.6%
  • 1Y-4.8%
  • YTD1.6%

Over the last 7 days, the IT industry has remained flat, although notably Enea gained 13%. As for the longer term, the industry has declined 4.8% in the last year. 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
Fri, 09 Jan 2026SEK 31.0bSEK 27.3bSEK 1.4b17.8x22.5x1.1x
Sun, 07 Dec 2025SEK 30.9bSEK 27.3bSEK 1.4b16.7x22.4x1.1x
Tue, 04 Nov 2025SEK 32.6bSEK 27.5bSEK 1.0b16.9x31.2x1.2x
Thu, 02 Oct 2025SEK 30.8bSEK 28.1bSEK 1.1b15.1x27.3x1.1x
Sat, 30 Aug 2025SEK 32.4bSEK 28.1bSEK 1.4b16.4x23.8x1.2x
Mon, 28 Jul 2025SEK 33.1bSEK 28.1bSEK 1.4b16.5x24.3x1.2x
Wed, 25 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16x23.8x1.1x
Fri, 23 May 2025SEK 30.2bSEK 29.3bSEK 1.1b15.7x28.5x1x
Sun, 20 Apr 2025SEK 31.3bSEK 30.4bSEK 1.2b14.4x26.2x1x
Tue, 18 Mar 2025SEK 34.0bSEK 30.5bSEK 1.2b15x28.3x1.1x
Thu, 13 Feb 2025SEK 34.5bSEK 30.4bSEK 1.4b15x24.1x1.1x
Sat, 11 Jan 2025SEK 32.2bSEK 31.1bSEK 1.4b15.4x22.9x1x
Mon, 09 Dec 2024SEK 33.9bSEK 30.8bSEK 1.3b15.4x25.7x1.1x
Wed, 06 Nov 2024SEK 33.3bSEK 30.8bSEK 1.4b15x24.4x1.1x
Fri, 04 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b16.6x28.3x1.1x
Sun, 01 Sep 2024SEK 35.7bSEK 30.0bSEK 1.2b20.7x29.5x1.2x
Tue, 30 Jul 2024SEK 35.4bSEK 29.7bSEK 1.2b20.4x30x1.2x
Thu, 27 Jun 2024SEK 37.2bSEK 29.2bSEK 524.4m19.3x70.9x1.3x
Sat, 25 May 2024SEK 38.1bSEK 29.5bSEK 818.1m18.1x46.5x1.3x
Mon, 22 Apr 2024SEK 36.2bSEK 30.1bSEK 927.6m16.4x39x1.2x
Wed, 20 Mar 2024SEK 34.9bSEK 30.1bSEK 910.0m17x38.3x1.2x
Fri, 16 Feb 2024SEK 35.0bSEK 30.6bSEK 569.7m17.9x61.4x1.1x
Sun, 14 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.8x51.3x1x
Tue, 12 Dec 2023SEK 28.8bSEK 30.5bSEK 609.1m16.1x47.3x0.9x
Thu, 09 Nov 2023SEK 27.4bSEK 30.3bSEK 601.0m14.5x45.6x0.9x
Sat, 07 Oct 2023SEK 25.2bSEK 30.1bSEK 676.9m14.2x37.3x0.8x
Mon, 04 Sep 2023SEK 28.4bSEK 30.1bSEK 672.5m14.8x42.2x0.9x
Wed, 02 Aug 2023SEK 28.9bSEK 29.7bSEK 673.2m16.1x42.9x1x
Fri, 30 Jun 2023SEK 35.7bSEK 29.1bSEK 1.5b13.2x24.1x1.2x
Sun, 28 May 2023SEK 36.6bSEK 29.1bSEK 1.5b14.8x24.8x1.3x
Tue, 25 Apr 2023SEK 40.7bSEK 27.5bSEK 1.5b16.4x27.9x1.5x
Thu, 23 Mar 2023SEK 38.6bSEK 26.9bSEK 1.4b15.7x27.2x1.4x
Sat, 18 Feb 2023SEK 40.1bSEK 26.6bSEK 1.3b17.9x30.5x1.5x
Mon, 16 Jan 2023SEK 36.7bSEK 25.2bSEK 1.2b15.3x29.5x1.5x
Price to Earnings Ratio

29.5x


Total Market Cap: SEK 36.7bTotal Earnings: SEK 1.2bTotal Revenue: SEK 25.2bTotal 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 22.5x 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 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 Market1.34%
Tech-2.72%
IT0.12%
Internet Services and Infrastructure3.87%
Data Processing Services0%0
IT Consulting-0.02%
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 21.5%, 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 23% 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 22% 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 79.4012.9%
+SEK 173.0m		-23.1%PE14.9x
KNOW KnowitSEK 120.201.9%
+SEK 60.1m		-13.6%PE33.7x
PREV B PrevasSEK 98.003.5%
+SEK 42.5m		-9.8%PE17.4x
INFRA InfraCom GroupSEK 25.005.0%
+SEK 41.7m		14.2%PE6x
CAG CAG GroupSEK 111.005.2%
+SEK 39.4m		-0.9%PE16.5x

Latest News

TRIONA
SEK 36.00
Triona
7D
-9.5%
1Y
-28.0%

Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up

Jan 08
Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up
ENEA
SEK 79.40
Enea
7D
12.9%
1Y
-23.1%
ANOD B
SEK 94.50
Addnode Group
7D
-2.5%
1Y
-4.5%

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 25.00
InfraCom Group
7D
5.0%
1Y
14.2%

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
WPTG B
SEK 15.40
White Pearl Technology Group
7D
-5.8%
1Y
115.7%
KNOW
SEK 120.20
Knowit
7D
1.9%
1Y
-13.6%

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).
PREV B
SEK 98.00
Prevas
7D
3.5%
1Y
-9.8%

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
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 21.00
Nodebis Applications
7D
-16.0%
1Y
138.6%

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
EXALT
SEK 0.36
Exalt
7D
-10.9%
1Y
-16.7%
DEVP B
SEK 14.00
DevPort
7D
-4.8%
1Y
-49.3%
EXS
SEK 155.00
Exsitec Holding
7D
1.3%
1Y
17.0%

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 114.20
Proact IT Group
7D
0.9%
1Y
-0.7%
CAG
SEK 111.00
CAG Group
7D
5.2%
1Y
-0.9%
SOF B
SEK 21.95
Softronic
7D
-0.2%
1Y
-8.0%
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%