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Swedish (OMX) IT Industry Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies24
  • 7D0.7%
  • 3M1.3%
  • 1Y-10.8%
  • YTD-4.1%

Over the last 7 days, the IT industry has remained flat, although notably InfraCom Group declined by 18%. Unfortunately though, the industry is down 11% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 13 Jan 2023SEK 36.1bSEK 25.2bSEK 1.2b15.1x28.9x1.4x
Sun, 11 Dec 2022SEK 35.4bSEK 25.4bSEK 1.3b15.1x27.9x1.4x
Tue, 08 Nov 2022SEK 34.8bSEK 24.7bSEK 1.3b15x26.3x1.4x
Thu, 06 Oct 2022SEK 31.9bSEK 23.3bSEK 1.3b13.9x25.2x1.4x
Sat, 03 Sep 2022SEK 42.2bSEK 23.3bSEK 1.3b14.6x33.1x1.8x
Price to Earnings Ratio

33.1x


Total Market Cap: SEK 42.2bTotal Earnings: SEK 1.3bTotal Revenue: SEK 23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.5x202320242025
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 23.7x which is lower than its 3-year average PE of 33.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 2.2% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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-0.043%
Tech0.56%
IT0.67%
IT Consulting1.11%
Data Processing Services0%0
Internet Services and Infrastructure-10.04%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.0x.
    • Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 7.0% 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 7.0% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 10% 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 109.803.0%
+SEK 433.8m		1.5%PE35.4x
NODE Nodebis ApplicationsSEK 22.6032.9%
+SEK 51.2m		115.2%PE50x
BINERO Binero GroupSEK 2.8015.7%
+SEK 47.3m		-9.1%PE27.1x
SOF B SoftronicSEK 23.603.5%
+SEK 42.1m		5.6%PE15.3x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x

Latest News

INFRA
SEK 22.10
InfraCom Group
7D
-18.1%
1Y
n/a

InfraCom Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 27
InfraCom Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
EXS
SEK 144.00
Exsitec Holding
7D
-1.4%
1Y
-17.7%
ANOD B
SEK 109.80
Addnode Group
7D
3.0%
1Y
1.5%

Returns At Addnode Group (STO:ANOD B) Are On The Way Up

Aug 26
Returns At Addnode Group (STO:ANOD B) Are On The Way Up
GENI
SEK 50.60
Generic Sweden
7D
-8.2%
1Y
12.7%
NODE
SEK 22.60
Nodebis Applications
7D
32.9%
1Y
115.2%

Calculating The Fair Value Of Nodebis Applications AB (publ) (NGM:NODE)

Aug 22
Calculating The Fair Value Of Nodebis Applications AB (publ) (NGM:NODE)
CAG
SEK 112.00
CAG Group
7D
-6.7%
1Y
1.8%
BINERO
SEK 2.80
Binero Group
7D
15.7%
1Y
-9.1%
PREV B
SEK 71.10
Prevas
7D
1.7%
1Y
-47.5%
WPTG B
SEK 16.00
White Pearl Technology Group
7D
5.6%
1Y
332.4%
CX
SEK 37.00
CombinedX
7D
1.1%
1Y
-5.4%

CombinedX's (STO:CX) Conservative Accounting Might Explain Soft Earnings

Jul 25
CombinedX's (STO:CX) Conservative Accounting Might Explain Soft Earnings
SOF B
SEK 23.60
Softronic
7D
3.5%
1Y
5.6%
KNOW
SEK 110.60
Knowit
7D
-3.2%
1Y
-30.7%

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

Jul 22
Knowit's (STO:KNOW) Dividend Will Be SEK1.15
PACT
SEK 92.20
Proact IT Group
7D
-1.7%
1Y
-38.2%
CYB1
€0.0032
Cyber Security 1
7D
-48.4%
1Y
-77.5%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%

Investors Still Aren't Entirely Convinced By Solidx AB (publ)'s (NGM:SOLIDX) Revenues Despite 54% Price Jump

Jun 29
Investors Still Aren't Entirely Convinced By Solidx AB (publ)'s (NGM:SOLIDX) Revenues Despite 54% Price Jump
PRCO B
SEK 20.80
Precio Fishbone
7D
-8.8%
1Y
-25.7%