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Swedish (OMX) IT Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies22
  • 7D0.2%
  • 3M-22.6%
  • 1Y-25.2%
  • YTD-21.5%

Over the last 7 days, the IT industry has dropped 1.7%, driven by Exsitec Holding declining 3.7%. However, the industry is down 27% over the past year. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026SEK 23.9bSEK 27.3bSEK 833.4m16.4x28.7x0.9x
Fri, 27 Feb 2026SEK 25.3bSEK 27.2bSEK 880.3m17.9x28.8x0.9x
Sun, 25 Jan 2026SEK 30.2bSEK 27.3bSEK 1.4b17.4x22x1.1x
Tue, 23 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b17.1x22.2x1.1x
Thu, 20 Nov 2025SEK 29.9bSEK 27.5bSEK 1.4b16x22x1.1x
Sat, 18 Oct 2025SEK 31.4bSEK 28.1bSEK 1.1b15.1x27.9x1.1x
Mon, 15 Sep 2025SEK 32.7bSEK 28.1bSEK 1.1b15x29x1.2x
Wed, 13 Aug 2025SEK 32.4bSEK 28.1bSEK 1.4b16.8x23.7x1.2x
Fri, 11 Jul 2025SEK 35.0bSEK 29.2bSEK 1.4b15.1x24.7x1.2x
Sun, 08 Jun 2025SEK 32.4bSEK 29.3bSEK 1.4b16.2x23.9x1.1x
Tue, 06 May 2025SEK 29.9bSEK 29.2bSEK 1.1b16.6x27.2x1x
Thu, 03 Apr 2025SEK 32.4bSEK 30.5bSEK 1.2b15.1x27.1x1.1x
Sat, 01 Mar 2025SEK 34.0bSEK 30.5bSEK 1.5b15.4x22.8x1.1x
Mon, 27 Jan 2025SEK 32.6bSEK 31.1bSEK 1.4b15.5x23.1x1x
Wed, 25 Dec 2024SEK 33.4bSEK 31.2bSEK 1.3b15.2x25.2x1.1x
Fri, 22 Nov 2024SEK 32.7bSEK 30.9bSEK 1.4b15.1x23.9x1.1x
Sun, 20 Oct 2024SEK 35.0bSEK 30.8bSEK 1.3b16.6x26.9x1.1x
Tue, 17 Sep 2024SEK 35.5bSEK 30.0bSEK 1.2b19.7x29.3x1.2x
Thu, 15 Aug 2024SEK 34.2bSEK 29.7bSEK 1.2b21.2x29x1.2x
Sat, 13 Jul 2024SEK 37.5bSEK 29.2bSEK 524.4m20x71.5x1.3x
Mon, 10 Jun 2024SEK 37.4bSEK 29.1bSEK 525.6m19.7x71.2x1.3x
Wed, 08 May 2024SEK 36.0bSEK 29.5bSEK 836.4m16.8x43.1x1.2x
Fri, 05 Apr 2024SEK 36.9bSEK 30.2bSEK 924.0m16.8x40x1.2x
Sun, 03 Mar 2024SEK 35.7bSEK 30.1bSEK 910.7m16.1x39.2x1.2x
Tue, 30 Jan 2024SEK 32.3bSEK 30.5bSEK 606.9m15.8x53.2x1.1x
Thu, 28 Dec 2023SEK 31.4bSEK 30.5bSEK 608.7m16x51.6x1x
Sat, 25 Nov 2023SEK 28.7bSEK 30.4bSEK 584.4m14.4x49.1x0.9x
Mon, 23 Oct 2023SEK 24.9bSEK 30.1bSEK 687.8m13.8x36.3x0.8x
Wed, 20 Sep 2023SEK 25.7bSEK 30.1bSEK 677.2m14.1x37.9x0.9x
Fri, 18 Aug 2023SEK 28.3bSEK 29.7bSEK 674.9m16x41.9x1x
Sun, 16 Jul 2023SEK 29.7bSEK 29.5bSEK 1.4b13.5x20.7x1x
Tue, 13 Jun 2023SEK 36.8bSEK 29.1bSEK 1.5b14.6x24.9x1.3x
Thu, 11 May 2023SEK 38.1bSEK 28.9bSEK 1.5b15.5x26.1x1.3x
Sat, 08 Apr 2023SEK 40.2bSEK 27.5bSEK 1.5b16.8x27.6x1.5x
Price to Earnings Ratio

27.6x


Total Market Cap: SEK 40.2bTotal Earnings: SEK 1.5bTotal Revenue: SEK 27.5bTotal 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 28.2x which is lower than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 16% 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 Market0.36%
Tech-0.77%
IT0.23%
IT Consulting0.26%
Data Processing Services0%0
Internet Services and Infrastructure-0.35%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.6x.
    • Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings decline of 19.0% 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 26% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 16% 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 66.208.0%
+SEK 664.2m		-34.6%PE23.4x
PREV B PrevasSEK 84.908.0%
+SEK 81.2m		-15.3%PE15.5x
PACT Proact IT GroupSEK 98.502.6%
+SEK 64.4m		-20.9%PE20.7x
KNOW KnowitSEK 106.801.5%
+SEK 43.7m		-28.7%PS0.5x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x

Latest News

EXS
SEK 106.50
Exsitec Holding
7D
-0.9%
1Y
-3.6%
ENEA
SEK 56.10
Enea
7D
2.6%
1Y
-31.6%

ENEA: Government Security Contract And Buybacks Will Support Bullish Outlook

Analysts have kept their SEK fair value estimate for Enea broadly unchanged, with only slight tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This has led to a stable overall price target in SEK terms and indicates that their fundamental view on the stock remains essentially intact.
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%
WPTG B
SEK 15.00
White Pearl Technology Group
7D
-2.6%
1Y
125.9%
KNOW
SEK 106.80
Knowit
7D
1.5%
1Y
-28.7%
SOF B
SEK 21.20
Softronic
7D
1.4%
1Y
-6.0%
B3
SEK 33.95
B3 Consulting Group
7D
-0.7%
1Y
-43.8%
ANOD B
SEK 66.20
Addnode Group
7D
8.0%
1Y
-34.6%
CX
SEK 29.50
CombinedX
7D
-1.3%
1Y
-19.8%

There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings

Feb 19
There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings
PACT
SEK 98.50
Proact IT Group
7D
2.6%
1Y
-20.9%

Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear

Feb 18
Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
PREV B
SEK 84.90
Prevas
7D
8.0%
1Y
-15.3%

Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00

Feb 13
Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00
DEVP B
SEK 13.50
DevPort
7D
12.0%
1Y
-42.8%
EXALT
SEK 0.36
Exalt
7D
-10.9%
1Y
-16.7%
BINERO
SEK 2.00
Binero Group
7D
-1.0%
1Y
-13.8%
TPGR
SEK 0.85
Time People Group
7D
-9.6%
1Y
-84.7%

Time People Group AB (publ) (NGM:TPGR) Shares Fly 32% But Investors Aren't Buying For Growth

Jan 13
Time People Group AB (publ) (NGM:TPGR) Shares Fly 32% But Investors Aren't Buying For Growth